33-22-924. Renewal requirement. (1) If a person pays a renewal premium on the date it is due or within 31 days after it is due, an insurer may not refuse to renew a medicare supplement policy or certificate unless the insurer:
(a) refuses to renew all policies or certificates in this state that are of the same form and issued to persons of the same class; and
(b) offers a replacement policy or certificate at actuarially justified rates.
(2) If an insurer refuses to renew all policies or certificates in this state that are of the same form and issued to persons of the same class, the policies or certificates will remain in force during the grace period stated in the replaced policy or certificate. An insurer's refusal to renew a policy or certificate may not affect a claim that arose under the discontinued policy or certificate during the period in which an insured was confined without interruption to a medical care facility for treatment.
History: En. Sec. 4, Ch. 125, L. 1987; amd. Sec. 14, Ch. 798, L. 1991.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 9. Medicare Supplement Insurance Minimum Standards
33-22-904. Standards for policy provisions -- rules
33-22-905. Minimum standards for benefits and payment of claims -- rules
33-22-906. Loss ratio standards and filing requirements -- limits on compensation
33-22-907. Disclosure standards -- informational brochure -- rules
33-22-908. Notice of free examination
33-22-909. Administrative procedures
33-22-910. Filing requirements for advertising
33-22-912. through 33-22-920 reserved
33-22-921. Discontinuance or nonrenewal -- alternate policy or certificate -- same insurer
33-22-922. Discontinuance or nonrenewal -- alternate policy -- unauthorized bulk reinsurance
33-22-923. Replacement policy or certificate -- different insurer