(a) An insurance certificate issued by an association must include:
(1) any condition of the certificate, including any portion of the bylaws of the association
that affects the insurance rights of the parties in any material way; and
(2) a statement that the certificate is issued subject to:
(A) the association's constitution and bylaws; and
(B) any amendments to the constitution and bylaws approved by the commissioner.
(b) An insurance certificate must provide that a certificate in force for two years
becomes incontestable, except for nonpayment of dues or assessments, on the second
anniversary of the date of issuance, if the insured does not die before that date.
(c) An insurance certificate issued by an association or an application for the certificate
may not contain language or be in a form that misleads the certificate holder or applicant
about the kind of insurance provided under the certificate.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.