§4090b. Continuation; notice; terms

Link to law: http://legislature.vermont.gov/statutes/section/08/107/04090b
Published: 2015

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Title

08

:
Banking and Insurance






Chapter

107

:
HEALTH INSURANCE






Subchapter

002
:
CONTINUATION AND CONVERSION OF GROUP HEALTH INSURANCE POLICIES










 

§

4090b. Continuation; notice; terms

(a) A person

electing continuation shall notify the insurer, or the policyholder, or the

contractor, or agent for the group if the policyholder did not contract for the

policy directly with the insurer, of such election in writing within 60 days

after receiving notice following the occurrence of a qualifying event pursuant

to subsection 4090a(e) of this title. Notice of election to continue under the

group policy shall be accompanied by the initial contribution, which shall

include payment for the period from the qualifying event through the end of the

month in which the election is made.

(b)

Contributions shall be due on a monthly basis in advance to the insurer or the

insurer's agent, and shall not be more than 102 percent of the group rate for

the insurance being continued under the group policy on the due date of each

payment. (Added 1983, No. 165 (Adj. Sess.), § 1; amended 1985, No. 184 (Adj.

Sess.), § 2; 2001, No. 121 (Adj. Sess.), § 4, eff. June 5, 2002; 2009, No. 61, §

15, eff. June 2, 2009.)
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