Common use of Notices to Policyholders Clause in Contracts

Notices to Policyholders. i) The Insurer shall mail a Notice of Offer of Assumption and Novation to each assumed policyholder on December 1, 2016, with a copy to the agent. The Notice of Offer of Assumption and Novation must include an explanation of the differences, if any, between the TWIA coverage form and the Replacement Policy and an affirmative statement that the Replacement Policy provides generally comparable coverage and premiums. The notice must further disclose that a premium is “generally comparable” by statute if it does not exceed 115 percent of the TWIA premium. The Insurer must use the form of Notice of Offer of Assumption and Novation approved by the Department for use in the Program. The cost of providing the Notice of Offer of Assumption and Novation to TWIA policyholders to effectuate Assumption of the Removed Policies shall be borne solely by the Insurer. ii) TWIA shall mail a Notice of Offer to Transfer Policy and an Opt Out Form to each assumed policyholder on December 1, 2016, with a copy to the agent. The form of the Notice of Offer to Transfer Policy and the Opt Out Form must be the forms approved by the Department for use in the Program. The cost of providing the Notice of Offer to Transfer Policy and the Opt Out Form to TWIA policyholders shall be borne solely by TWIA. iii) TWIA shall mail a Notice of Assumption and Policy Expiration, to each assumed policyholder on May 10, 2017 informing the policyholder that their policy will be assumed by the Insurer on June 1, 2017_and a Certificate of Assumption to attach to the policyholder’s TWIA policy. iv) The Insurer shall mail a certificate of Assumption to each assumed policyholder on May 10, 2017. v) The Parties shall coordinate the mailing of any notices required by this Agreement.

Notices to Policyholders. i) The Insurer shall mail a Notice of Offer of Assumption and Novation to each assumed policyholder prior to or on December 1, 201620 _, with a copy to the agent. The Notice of Offer of Assumption and Novation must include an explanation of the differences, if any, between the TWIA coverage form and the Replacement Policy and an affirmative statement that the Replacement Policy provides generally comparable coverage and premiums. The notice must further disclose that a premium is “generally comparable” by statute if it does not exceed 115 percent of the TWIA premium. The Insurer must use the form of Notice of Offer of Assumption and Novation approved by the Department for use in the Program. The cost of providing the Notice of Offer of Assumption and Novation to TWIA policyholders to effectuate Assumption of the Removed Policies shall be borne solely by the Insurer. ii) TWIA shall mail a Notice of Offer to Transfer Policy and an Opt Out Form to each assumed policyholder prior to or on December 1, 201620___, with a copy to the agent. The form of the Notice of Offer to Transfer Policy and the Opt Opt-Out Form must be the forms approved by the Department for use in the Program. The cost of providing the Notice of Offer to Transfer Policy and the Opt Opt-Out Form to TWIA policyholders shall be borne solely by TWIA. iii) TWIA shall mail a Notice of Assumption and Policy Expiration, to each assumed policyholder on May 10or about February 15, 2017 20 informing the policyholder that their policy will be assumed by the Insurer on June March 1, 2017_and a Certificate of Assumption to attach to 20 if the policyholder’s TWIA policypolicyholder does not opt out. iv) The Insurer shall mail a certificate Certificate of Assumption to each assumed policyholder on May 10by February 15, 201720 to attach to the policyholder’s TWIA if the policyholder does not opt out. The Insurer shall mail a subsequent Certificate of Assumption to each assumed policyholder whose TWIA policy expires March 1 through April 30. v) The Parties shall coordinate the mailing of any notices required by this Agreement.

Notices to Policyholders. i) The Insurer shall mail a Notice of Offer of Assumption and Novation to each assumed policyholder prior to or on December 1, 201620 , with a copy to the agent. The Notice of Offer of Assumption and Novation must include an explanation of the differences, if any, between the TWIA coverage form and the Replacement Policy and an affirmative statement that the Replacement Policy provides generally comparable coverage and premiums. The notice must further disclose that a premium is “generally comparable” by statute if it does not exceed 115 percent of the TWIA premium. The Insurer must use the form of Notice of Offer of Assumption and Novation approved by the Department for use in the Program. The cost of providing the Notice of Offer of Assumption and Novation to TWIA policyholders to effectuate Assumption of the Removed Policies shall be borne solely by the Insurer. ii) TWIA shall mail a Notice of Offer to Transfer Policy and an Opt Out Form to each assumed policyholder prior to or on December 1, 201620 , with a copy to the agent. The form of the Notice of Offer to Transfer Policy and the Opt Out Form must be the forms approved by the Department for use in the Program. The cost of providing the Notice of Offer to Transfer Policy and the Opt Out Form to TWIA policyholders shall be borne solely by TWIA. iii) TWIA shall mail a Notice of Assumption and Policy Expiration, to each assumed policyholder on May 10, 2017 20 informing the policyholder that their policy will be assumed by the Insurer on June 1, 2017_and a Certificate of Assumption to attach to 20 if the policyholder’s TWIA policypolicyholder does not opt out. iv) The Insurer shall mail a certificate Certificate of Assumption to each assumed policyholder on May 10, 201720 to attach to the policyholder’s TWIA if the policyholder does not opt out. The Insurer shall mail a subsequent Certificate of Assumption to each assumed policyholder whose TWIA policy expires June 1 through July 31. v) The Parties shall coordinate the mailing of any notices required by this Agreement.