New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 2600 - ADVERTISEMENTS OF INSURANCE
Part Ins 2601 - ADVERTISEMENTS OF ACCIDENT AND HEALTH INSURANCE
Section Ins 2601.07 - Necessity for Disclosing Policy Provisions Relating to Renewability, Cancellability and Termination
Current through Register No. 12, March 21, 2024
(a) An advertisement that is an invitation to contract shall disclose the provisions relating to renewability, cancellability and termination and any modification of benefits, losses covered, or premiums because of age or for other reasons, in a manner that shall not minimize or render obscure the qualifying conditions.
(b) Advertisements of cancellable accident and health insurance policies shall state that the contract is cancellable or renewable at the option of the company, as the case may be, in language substantially similar to the following: A policy that is renewable at the option of the insurance company shall be advertised in a manner similar to, "This policy is renewable at the option of the company," or "The company has the right to refuse renewal of this policy," or "Renewable at the option of the insurer," or "This policy can be cancelled by the company at any time."
(c) Advertisements of insurance policies that are guaranteed renewable, cancelable or renewable at the option of the company shall disclose that the insurer has the right to increase premium rates if the policy so provides.
(d) Qualifying conditions that constitute limitations on the permanent nature of the coverage shall be disclosed in advertisements of insurance policies that are guaranteed renewable, cancelable or renewable at the option of the company. Examples of qualifying conditions are:
#9333, eff 12-5-08