Haw. Code R. § 12-11-58 - Cancellation of an insurance contract

(a) No insurer shall cancel a contract of insurance providing in whole or in part for disability benefits required by the statute prior to the expiration date of the contract unless notice of intention to cancel on a specified date has been filed with and served on the employer and the director at least ten days prior to the specified cancellation date.

(b) The ten-day advance notice requirement in subsection (a) need not be complied with when a new insurer is substituted. In the event of the substitution, the previous insurer shall immediately file with and serve on the employer and the director notice that the contract was cancelled as of a specified date because the obligation to pay benefits for disabilities incurred after the date was assumed by a new insurer which shall be specifically identified if its identity is known by the previous insurer.

(c) The insurer need not file an additional notice of the termination date prescribed in a contract of insurance, unless the date was not shown in the notice of insurance filed with the director pursuant to section 392-42, HRS.

(d) If a plan provides by its terms for an expiration date, acceptance of the plan by the director is notice thereof. Additional notice by the insurer of cancellation of the insurance contract as of the expiration date of the plan is not necessary.

Notes

Haw. Code R. § 12-11-58

[Eff 5/11/81] (Auth: HRS § 392-91) (Imp: HRS §§ 392-42, 392-50)