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Elimination of Arbitrary Rescission of Coverage
- Posted on July 6, 2010
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Long Island CPA Firm Offering Tax and Financial Advice
Effective for health plan years beginning on or after September 23, 2010, insurance companies may no longer retroactively cancel a policy because of sickness or an "unintentional" mistake on paperwork. The only exception is if the case involves fraud or intentional misrepresentation of the facts.Categories
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