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§3202
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§3202 . Withdrawal of approval of policy forms. The superintendent may, in accordance with §3110 of this chapter, withdraw an approval previously given to a policy form pursuant to §3201 of this article. The superintendent may also withdraw an approval in the case of any such policy form (i) pertaining to accident and health insurance, if the benefits provided therein are unreasonable in relation to the premium charged, or if it contains provisions which encourage misrepresentation or are unjust, unfair, inequitable, misleading, deceptive, contrary to law or to the public policy of this state, or (ii) pertaining to life insurance, annuity contract, group annuity certificate, or funding agreement, if in his judgment the use of such form would be prejudicial to the interests of policyholders or members, or it contains provisions which are unjust, unfair or inequitable. Source Data downloaded: 2009-04-19 12: 25: 15; Processed: 2009-05-08 15: 35: 59
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