Are individual health insurers required to return unearned premiums?
As provided by Florida Statute 627.6043, health insurers must return the unearned portion of any premium paid, in the event of cancellation. If the insured cancels, the earned premium will be computed by use of the short-rate table last filed with the Department of Insurance. If the insurer cancels, the earned premium must be computed pro-rata.
Related Questions
- Can a health insurance issuer charge an employer different premiums for each individual within a group of similarly situated individuals based on each individuals health status?
- What are the monthly premiums for individual and family health coverage for full-time employees?
- Are individual health insurers required to return unearned premiums?
