Section 408.41a. Termination of insurance.

a. A notice of termination of the liability of an insurance company on a policy covering the risk of an employer under the act shall be reported to the bureau on form 401, notice of termination of liability.

A copy of the notice shall be mailed to the employer. If the employer is a partnership, the notice shall state the names and addresses of all the partners. If the employer is doing business under an assumed name,  the notice shall state the assumed name and the names  of   all  parties   doing business under the assumed name. If the employer is a corporation doing business under a number of divisions, the notice shall state the names of all the divisions of the corporation. If a business changes names notice shall be given stating both  the  new  and  former  names. Notice of termination of a policy which has expired shall not be reported when the insurance carrier has accepted responsibility under a further  or  renewal policy, except for an assured's name change.

History: 1980 AACS.