31A-30-106.5 — Conversion policy -- Premiums -- Rating restrictions.
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31A-30-106.5. Conversion policy -- Premiums -- Rating restrictions.
(1) All provisions of Section 31A-30-106, except Subsection 31A-30-106(1)(b), apply to conversion policies.
(2) Conversion policy premium rates may not exceed by more than 35% the index rate for individuals with similar case characteristics for any class of business in which the policy form has been approved.
(3) An insurer may not consider pregnancy of a covered insured in determining its conversion policy premium rates.
(1) All provisions of Section 31A-30-106, except Subsection 31A-30-106(1)(b), apply to conversion policies.
(2) Conversion policy premium rates may not exceed by more than 35% the index rate for individuals with similar case characteristics for any class of business in which the policy form has been approved.
(3) An insurer may not consider pregnancy of a covered insured in determining its conversion policy premium rates.
Amended by Chapter 116, 2001 General Session