Section 83-65-117 - Cancellation of reimbursement insurance policy

(1) The issuer of a reimbursement insurance policy shall not cancel such reimbursement insurance policy unless sixty (60) days written notice of cancellation has been given to the commissioner and to each insured provider, including automobile dealers and third-party administrators.(2) The cancellation of a reimbursement insurance policy shall not reduce the issuer's responsibility for vehicle service contracts issued by providers prior to the date of cancellation.Laws, 1995, ch. 302, § 9, eff. 2/28/1995.