US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 21
                        DISABILITY INSURANCE POLICIES
    41-2118.  CHANGE OF OCCUPATION. There may be a provision as follows:
    "Change of Occupation: If the insured be injured or contract sickness
after having changed his occupation to one classified by the insurer as more
hazardous than that stated in this policy or while doing for compensation
anything pertaining to an occupation so classified, the insurer will pay only
such portion of the indemnities provided in this policy as the premium paid
would have purchased at the rates and within the limits fixed by the insurer
for such more hazardous occupation. If the insured changes his occupation to
one classified by the insurer as less hazardous than that stated in this
policy, the insurer, upon receipt of proof of such change of occupation, will
reduce the premium rate accordingly, and will return the excess pro rata
unearned premium from the date of change of occupation or from the policy
anniversary date immediately preceding receipt of such proof, whichever is the
more recent. In applying this provision, the classification of occupational
risk and the premium rates shall be such as have been last filed by the
insurer prior to the occurrence of the loss for which the insurer is liable or
prior to date of proof of change in occupation with the state official having
supervision of insurance in the state where the insured resided at the time
this policy was issued; but if such filing was not required, then the
classification of occupational risk and the premium rates shall be those last
made effective by the insurer in such state prior to the occurrence of the
loss or prior to the date of proof of change in occupation."