Questions & answers · Dental insurance
What does Medico Insurance Company's dental insurance policy say about cancelling and getting a refund?
AI-drafted from filed documents · reviewed: pendingcancellation and refundsMedico Insurance Company
Under Medico Insurance Company’s filed form DEN2021(MN) in Minnesota (MN), if the policy is cancelled, the company will deliver or mail a written notice to the policyholder at their last address, stating when the cancellation will be effective—no less than five days after the notice [1]. If the policy has continued beyond its original term, the policyholder may cancel the policy at any time by sending written notice to Medico Insurance Company, effective upon receipt of the request or on a later date specified in the notice [1]. In the event of cancellation, Medico Insurance Company will promptly return the unearned portion of any premium paid [1]. The earned premium is computed pro rata, unless the payment mode is monthly or less, or the unearned amount is less than one month [1]. Cancellation does not affect any claim that originated before the effective date of cancellation [1]. This does not appear in these excerpts — check the full policy.
Information only — not legal advice. The insurer decides.
These answers quote forms insurers filed with state regulators. Your own policy, its endorsements and your state’s rules control. A filed form may not be the version sold to you.
Where this comes from (1)
[1] Medico Insurance Company · MN · SERFF MDIC-132688793 · form DEN2021(MN) · p. 15 · 21.5 · Physical Examination
4. Any other similar process or procedure. In the absence of fraud, all statements made by you will be deemed representations and not warranties. No such statement will be used to deny a claim or reduce benefits unless it is stated in the application for coverage. Cancellation: If this policy is cancelled, subject to the Our Right to Cancel, Rescind or Reform provision, we will deliver or mail a written notice to you at your last address, stating when, not less than five days thereafter, such cancellation will be effective. If the policy has continued beyond its original term you may cancel this policy at any time by written notice delivered or mailed to us, effective upon receipt of such request or on such later date as may be specified in the notice. In the event of cancellation, we will promptly return the unearned portion of any premium paid. The earned premium will be computed pro rata, unless the mode of payment is monthly or less, or the unearned amount is less than one month. Cancellation will be without prejudice to any claim originating prior to the effective date of cancellation. Subrogation Rights: The benefits of this policy will be available to you if you are injured by the act or omission of another person, firm or corporation. … (excerpt — the filed text continues)
Drafted by a local AI model from the excerpts above, then checked by rules (citations, no rankings, no “not covered” claims from a partial excerpt). Question id Q247e2b01. Spotted an error? Tell us.