In New Jersey, the public is protected by a notice of discontinuance when a policy is discontinued for nonpayment of premiums. When a policy is discontinued, all of the following are required EXCEPT
In New Jersey, the public is protected by a notice of discontinuance when a policy is discontinued for nonpayment of premiums. When a policy is discontinued, all of the following are required EXCEPT
A. Refund of premiums.
B. Written notice to the policyholder.
C. A reminder of the date of discontinuance.
D. Ceasing to collect premium payments from group participants unless the group policyholder remains fully responsible for the benefits.
Answer: A. Refund of premiums