Laws of New York (Last Updated: November 21, 2014) |
ISC Insurance |
Article 43. NON-PROFIT MEDICAL AND DENTAL INDEMNITY, OR HEALTH AND HOSPITAL SERVICE CORPORATIONS |
Section 4316. Individual contracts; premium refund at death of insured
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Under individual contracts for which premiums are paid directly to the corporation by the individual, if the death of the insured or a covered dependent occurs during a period for which the premium has been paid, the corporation shall refund the premium or the portion of the premium actually paid by the insured for that person for any period beyond the end of the policy month in which such death occurred.