§ 20-459 – Deferred dividends; life
20-459. Deferred dividends; life On and after January 1, 1961, no person shall make or issue or offer to make or issue any contract of life insurance or of life annuity which provides that any premiums, dividends, excess interest, mortality savings, gains from lapses, loadings, or earnings and accumulations therefrom, be payable only to those […]
§ 20-448.02 – Genetic testing; informed consent; definitions
20-448.02. Genetic testing; informed consent; definitions A. Except as otherwise specifically authorized or required by this state or by federal law, a person shall not order or require the performance of a genetic test without first receiving the specific written informed consent of the subject of the test who has the capacity to consent or, […]
§ 20-460 – Free choice of insurance producer
20-460. Free choice of insurance producer No casualty or property insurance company, including any subsidiary of any such company, may offer any insurance program in this state to exclusive insurance producers without offering the same insurance program through all of its other authorized insurance producers authorized for similar types of insurance coverage with the exception […]
§ 20-449 – Rebates on life or disability insurance
20-449. Rebates on life or disability insurance A. Except as otherwise expressly provided by law, no person shall knowingly permit or offer to make or make any contract of life insurance, life annuity or disability insurance, or agreement as to such contract other than as plainly expressed in the contract issued thereon, or pay or […]
§ 20-461 – Unfair claim settlement practices
20-461. Unfair claim settlement practices A. A person shall not commit or perform with such a frequency to indicate as a general business practice any of the following: 1. Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue. 2. Failing to acknowledge and act reasonably and promptly upon communications with respect to […]
§ 20-450 – Practices not prohibited as discrimination or rebates in life and disability insurance; wellness programs; definition
20-450. Practices not prohibited as discrimination or rebates in life and disability insurance; wellness programs; definition A. Section 20-448 or 20-449 does not include within the definition of discrimination or rebates any of the following practices: 1. In the case of any contract of life insurance or life annuity, paying bonuses to policyholders or otherwise […]
§ 20-462 – Timely payment of claims
20-462. Timely payment of claims A. From and after July 15, 1986 any first party claim not paid within thirty days after the receipt of an acceptable proof of loss by the insurer which contains all information necessary for claim adjudication shall be required to pay interest at the legal rate from the date the […]
§ 20-451 – Rebates on other than life or disability insurance; definitions
20-451. Rebates on other than life or disability insurance; definitions A. Except as allowed in subsection B of this section, an insurer or employee, insurance producer or representative may not knowingly charge, demand or receive a premium for any policy of insurance, other than life or disability insurance, except in accordance with any applicable filing […]
§ 20-463 – Fraud; injunction; penalties; restitution; definitions
20-463. Fraud; injunction; penalties; restitution; definitions A. It is a fraudulent practice and unlawful for a person to knowingly: 1. Present, cause to be presented or prepare with the knowledge or belief that it will be presented an oral or written statement, including computer generated documents, to or by an insurer, reinsurer, purported insurer or […]
§ 20-452 – Prohibited inducements
20-452. Prohibited inducements A. Except as allowed in subsection B of this section and sections 20-453 and 20-454, any insurer, insurance producer or other person, as an inducement to insurance or in connection with any insurance transaction, shall not provide in any policy for or offer, sell, buy or offer or promise to buy, sell, […]