S119 - GSC Technical Corrections 2015, Sec. 45: Affiliate Transfer of Policies (SL 2015-264)

Overview: Sec. 45 of S.L. 2015-264 provides that delivery of a new policy by an insurer is not a refusal to renew if delivered by the same insurer or an affiliate or subsidiary of the insurer with financial strength as good the insurer issuing the superseded policy.

This section became effective October 1, 2015, and expires June 30, 2016.