Multistate insurance risks - choice of law.

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Where the exempt commercial policyholder operates in more than one state, the policy may include provisions within the insurance contract that determine disputes arising from claims handling and procedures, cancellation of the policy, or nonrenewal of the policy, which disputes shall be governed by the state with the largest percentage of premiums charged under the policy.

Source: L. 99: Entire part added, p. 386, § 1, effective January 15, 2000.


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