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H.B. 33

             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      Committee Note:
             11          The Health and Human Services Interim Committee recommended this bill.
             12      General Description:
             13          This bill amends provisions of the Insurance Code relating to the refund of unearned
             14      health insurance premiums and Medicare supplement insurance premiums.
             15      Highlighted Provisions:
             16          This bill:
             17          .    defines the term "unearned amount of the collected premium";
             18          .    provides that, if a health insurance policy or a Medicare supplement policy is
             19      cancelled for a reason other than a material misrepresentation, the insurer shall
             20      refund the unearned amount of the collected premium;
             21          .    provides that, if an insurer cancels a health insurance policy or a Medicare
             22      supplement policy because of a material misrepresentation on the application, the
             23      insurer shall refund all premiums collected minus claims that have been paid; and
             24          .    makes technical changes.
             25      Monies Appropriated in this Bill:
             26          None
             27      Other Special Clauses:


             28          None
             29      Utah Code Sections Affected:
             30      AMENDS:
             31          31A-21-315, as last amended by Laws of Utah 1992, Chapter 230
             32     
             33      Be it enacted by the Legislature of the state of Utah:
             34          Section 1. Section 31A-21-315 is amended to read:
             35           31A-21-315. Refund of canceled health insurance premiums and Medicare
             36      supplement insurance premiums.
             37          (1) As used in this section, "unearned amount of the collected premium" means the
             38      amount of the collected premium applicable to the unexpired portion of the time period to
             39      which the policy or certificate relates.
             40          [(1)] (2) If [an insurer cancels] a health insurance policy or a Medicare supplement
             41      policy is cancelled for a reason other than a material misrepresentation, the insurer shall refund
             42      the unearned [portion] amount of the collected premium.
             43          [(2)] (3) If an insurer cancels a health insurance policy or a Medicare supplement
             44      policy because of a material misrepresentation on the application, the insurer shall refund all
             45      premiums collected minus claims that have been paid.




Legislative Review Note
    as of 10-20-08 10:35 AM


Office of Legislative Research and General Counsel


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