Sec. 17. (a) Medicare supplement policies and certificates must have a notice prominently printed on the first page of the policy or certificate or attached to the first page stating in substance that the applicant has the right to return the policy or certificate within thirty (30) days of delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason.
(b) A refund made under this section shall be paid directly to the applicant by the issuer in a timely manner.
As added by P.L.255-1989, SEC.14. Amended by P.L.126-1992, SEC.14.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 13. Medicare Supplement Insurance Solicitations
27-8-13-0.1. Application of Certain Amendments to Chapter
27-8-13-2. "Medicare Supplement Insurance Solicitation" Defined
27-8-13-3. "Medicare Supplement Policy"
27-8-13-4. Receipt for Materials Received by Soliciting Insurance Producer; "Materials" Defined
27-8-13-5. "Applicant" Defined
27-8-13-6. "Certificate" Defined
27-8-13-6.2. "Certificate Form" Defined
27-8-13-7.6. "Policy Form" Defined
27-8-13-8. Application of Chapter
27-8-13-9. Medicare Supplement Policies; Standards; Preexisting Medical Conditions
27-8-13-9.5. Medicare Supplement Policy or Certificate Requirements; Enrollment; Compensation
27-8-13-10.1. Model Medicare Supplement Policy Standards
27-8-13-12. Reasonable Benefits; Loss Ratio Standards
27-8-13-14. Outline of Coverage; Contents
27-8-13-15. Informational Brochures
27-8-13-17. Return Privilege Notice; Refund
27-8-13-18. Review and Approval of Proposed Advertisements