The superintendent shall have the right to make the following requirements: [1973, c. 585, §12 (AMD).]
When a policy has neither a brief description nor a separate statement printed on
the first page and on the filing back, referring to the renewal conditions of the
policy, a separately captioned provision, setting forth the conditions under which
the policy may be renewed, must appear on the first page of the policy. The caption
shall be clear and definite and shall be approved by the superintendent; but any one
of the following captions is acceptable:
"RENEWAL SUBJECT TO CONSENT OF COMPANY.
RENEWAL SUBJECT TO COMPANY CONSENT.
RENEWABLE AT OPTION OF COMPANY."
1973, c. 585, §12 (AMD)
If the policy is not renewable, a separate, appropriately captioned provision on
the first page of the policy shall so state.
1969, c. 132, §1 (NEW)
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
Data for this page extracted on 12/03/2013 11:59:41.
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