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H.B. 33 Enrolled

             1     

REFUND OF UNEARNED HEALTH INSURANCE

             2     
PREMIUMS AND MEDICARE SUPPLEMENT

             3     
INSURANCE PREMIUMS

             4     
2009 GENERAL SESSION

             5     
STATE OF UTAH

             6     
Chief Sponsor: Paul Ray

             7     
Senate Sponsor: Daniel R. Liljenquist

             8     
             9      LONG TITLE
             10      General Description:
             11          This bill amends provisions of the Insurance Code relating to the refund of unearned
             12      health insurance premiums and Medicare supplement insurance premiums.
             13      Highlighted Provisions:
             14          This bill:
             15          .    defines the term "unearned amount of the collected premium";
             16          .    provides that, if a health insurance policy or a Medicare supplement policy is
             17      cancelled for a reason other than a material misrepresentation, the insurer shall
             18      refund the unearned amount of the collected premium;
             19          .    provides that, if an insurer cancels a health insurance policy or a Medicare
             20      supplement policy because of a material misrepresentation on the application, the
             21      insurer shall refund all premiums collected minus claims that have been paid; and
             22          .    makes technical changes.
             23      Monies Appropriated in this Bill:
             24          None
             25      Other Special Clauses:
             26          None
             27      Utah Code Sections Affected:
             28      AMENDS:
             29          31A-21-315, as last amended by Laws of Utah 1992, Chapter 230


             30     
             31      Be it enacted by the Legislature of the state of Utah:
             32          Section 1. Section 31A-21-315 is amended to read:
             33           31A-21-315. Refund of canceled health insurance premiums and Medicare
             34      supplement insurance premiums.
             35          (1) As used in this section, "unearned amount of the collected premium" means the
             36      amount of the collected premium applicable to the unexpired portion of the time period to
             37      which the policy or certificate relates.
             38          [(1)] (2) If [an insurer cancels] a health insurance policy or a Medicare supplement
             39      policy is cancelled for a reason other than a material misrepresentation, the insurer shall refund
             40      the unearned [portion] amount of the collected premium.
             41          [(2)] (3) If an insurer cancels a health insurance policy or a Medicare supplement
             42      policy because of a material misrepresentation on the application, the insurer shall refund all
             43      premiums collected minus claims that have been paid.


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