Return of premium to rejected applicant

After an insurer rejects or declines to issue a life or accident and health insurance policy, the insurer shall return the premium to the applicant within a reasonable period of time. Acts 1985, No. 793, § 1; A.S.A. 1947, § 66-2027; Acts 2001, No. 1604, § 83. After an insurer rejects or declines to issue a life or accident and health insurance policy, the insurer shall return the premium to the applicant within a reasonable period of time. Acts 1985, No. 793, § 1; A.S.A. 1947, § 66-2027; Acts 2001, No. 1604, § 83.