# IN Bulletin 3: Accident/sickness insurance guaranteed renewable restrictions

> Indiana · Agency guidance · In force

URL: https://www.frixlaw.com/law-library/statutes/IN_INS_B_3

## Section

- **Citation:** IN Bulletin 3
- **Heading:** Accident/sickness insurance guaranteed renewable restrictions
- **Jurisdiction:** Indiana
- **Kind:** Agency guidance
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Department of Insurance Bulletins / Accident/sickness insurance guaranteed renewable restrictions

## Text

Bulletin 3
ACCIDENT AND SICKNESS INSURANCE –
NON-CANCELLABLE GUARANTEED RENEWABLE POLICY -- RESTRICTIONS
June 28, 1956
Any statement in an accident and sickness policy or in any advertisement thereof or in any
representation thereof to the effect that such policy is non-cancellable and/or guaranteed renewable is a
misrepresentation where the premium, benefit, or risk is adjustable by the insurer unless there is also used
in close conjunction to such statement further words disclosing accurately and clearly the nature of any
right by the insurer to in any way modify or adjust the premium, benefits, or risk. Where premium,
benefits, or risk are not guaranteed, the non-cancellable and/or guaranteed renewable feature of an
accident and sickness policy may be a snare and delusion creating no substantive rights. In order to fully
effectuate this directive, the Department further declares that words equivalent to, or substantially
representing, that a policy is non-cancellable and/or guaranteed renewable shall not be used unless there is
also used in close conjunction thereto further words disclosing accurately and clearly the nature of any
right by the insurer to in any way modify or adjust the premium, benefits, or risk.
The Department will consider the effect of this directive with a view to determining the need for a
further directive defining the scope of the phrases "non-cancellable" and/or "guaranteed renewable."
William J. Davey
Insurance Commissioner

## Nearby sections

- [IN Bulletin 1 Credit life/accident/health agents' examinations](https://www.frixlaw.com/law-library/statutes/IN_INS_B_1.md)
- [IN Bulletin 2 Auto Insurance Rate Classifications](https://www.frixlaw.com/law-library/statutes/IN_INS_B_2.md)
- [IN Bulletin 3 Accident/sickness insurance guaranteed renewable restrictions](https://www.frixlaw.com/law-library/statutes/IN_INS_B_3.md)
- [IN Bulletin 4 Countersignature law - retaliatory application to commissions](https://www.frixlaw.com/law-library/statutes/IN_INS_B_4.md)
- [IN Bulletin 5 Life insurance commissions - taking assignment/transfer by life agent](https://www.frixlaw.com/law-library/statutes/IN_INS_B_5.md)
- [IN Bulletin 6 Life insurance selling methods and materials - prohibited practices](https://www.frixlaw.com/law-library/statutes/IN_INS_B_6.md)
- [IN Bulletin 7 "Profit sharing" and coupon contracts prohibited practices](https://www.frixlaw.com/law-library/statutes/IN_INS_B_7.md)
- [IN Bulletin 8 Credit life/accident and maximum amount of insurance](https://www.frixlaw.com/law-library/statutes/IN_INS_B_8.md)
- [IN Bulletin 9 Asset value of data processing equipment for Annual Statements](https://www.frixlaw.com/law-library/statutes/IN_INS_B_9.md)
- [IN Bulletin 10 Workers Comp derivation filings](https://www.frixlaw.com/law-library/statutes/IN_INS_B_10.md)
- [IN Bulletin 11 Prohibition on group life dependents coverage](https://www.frixlaw.com/law-library/statutes/IN_INS_B_11.md)
- [IN Bulletin 12 Credit Life and Credit Accident and Health Insurance-Accidental dismemberment Coverage](https://www.frixlaw.com/law-library/statutes/IN_INS_B_12.md)
- [IN Bulletin 13 Assessment plan insurance - health prohibition](https://www.frixlaw.com/law-library/statutes/IN_INS_B_13.md)
- [IN Bulletin 14 Assessment plan Annual Statements - Reserves](https://www.frixlaw.com/law-library/statutes/IN_INS_B_14.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/IN_INS_B_3. Check the current official text before relying on it. Not legal advice.