40-2216. Purpose of act.
40-2216
40-2216. Purpose of act.The purpose of this act shall be to provide reasonable standardization andsimplification of terms and coverages of individual accident and sicknessinsurance policies and subscriber contracts of non-profit hospital, medicaland dental service corporations to facilitate public understanding and comparison,to eliminate provisions contained in individual accident and sickness insurancepolicies and subscriber contracts of non-profit hospital, medical, and dentalservice corporations which may be misleading or unreasonably confusing inconnection either with the purchase of such coverages or with the settlementof claims, and to provide for full disclosure in the sale of accident andsickness coverages.
History: L. 1976, ch. 218, § 1; July 1.