Insurance Law 3112 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 3111 Special provisions relating to senior citizens up ARTICLE 31 Insurance Contracts - General next SECTION 3113 Consent of and notification of an irrevocable beneficiary under a court order of divorce or separation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 3112 Automatic bank withdrawal agreements; notification required Insurance (ISC) CHAPTER 28, ARTICLE 31 § 3112. Automatic bank withdrawal agreements; notification required. Any insurer licensed to issue insurance in the state who has an automatic bank withdrawal agreement with an insured for the payment of insurance premiums for any type of insurance shall give the insured at least fifteen days advance written notice of any increase in policy premiums prior to any automatic bank withdrawal of an increased premium.