Medicare supplement policies or certificates shall have a notice prominently printed on the first page of the policy or certificate or attached thereto stating in substance that the applicant shall have the right to return the policy or certificate within 30 days of its delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason. Any refund made pursuant to this section shall be paid directly to the applicant by the issuer in a timely manner.
Structure Code of Alabama
Chapter 19 - Disability Insurance Policies.
Article 2 - Medicare Supplement Policy Minimum Standards.
Section 27-19-50 - Short Title.
Section 27-19-51 - Purpose of Article.
Section 27-19-52 - Definitions.
Section 27-19-52.1 - Applicability of Article.
Section 27-19-53 - Standards for Policy Provisions; Limitations of Benefits.
Section 27-19-55 - Standards for Loss Ratios.
Section 27-19-56 - Outline of Coverage; Disclosure of Information.
Section 27-19-57 - Right of Return and Refund.
Section 27-19-57.1 - Review of Advertisements.
Section 27-19-57.2 - Additional Penalties for Violation of Article.