§ 15-910. Return of policy; refund

   (a) In general. -- Each Medicare supplement policy or certificate shall have prominently printed on the first page of the policy or certificate or attached to it, a notice that states that the applicant may:

   (1) return the Medicare supplement policy or certificate within 30 days after its delivery; and

   (2) receive a refund of the premium if after examination of the Medicare supplement policy or certificate, the applicant is not satisfied for any reason.

(b) Payment of refund. -- The carrier shall pay a refund made under this section directly to the applicant in a timely manner.

HISTORY: An. Code 1957, art. 48A, § 468CB; 1997, ch. 35, § 2.