NAC689C.380. Provisions of contract with participating carrier: Payment of premiums.

Latest version.

Each contract between a voluntary purchasing group and a participating carrier must include a provision which sets forth:

     1. A statement of how the premiums are to be paid;

     2. The grace period after the date the payment of premiums becomes due; and

     3. The specific penalties for late payment.

(Added to NAC by Comm’r of Insurance, eff. 3-5-96)

                    
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