Current through the 2024 Regular Session
Section 83-87-5 - DisclosuresA pet insurer transacting pet insurance shall disclose, at a minimum, the following to consumers:
(a) If the policy excludes coverage due to any of the following:(i) A preexisting condition;(ii) A hereditary disorder;(iii) A congenital anomaly or disorder; or(iv) A chronic condition;(b) If the policy includes any other exclusions, the following statement: "Other exclusions may apply. Please refer to the exclusions section of the policy for more information";(c) Whether any policy provision that limits coverage through a waiting or affiliation period, a deductible, coinsurance or an annual or lifetime policy limit;(d) Whether the pet insurer reduces coverage or increases premiums based on the insured's claim history, the age of the covered pet or a change in the geographic location of the insured; and(e) If the underwriting company differs from the brand name used to market and sell the product.Added by Laws, 2023, ch. 330, SB 2228,§ 3, eff. 7/1/2023.