Sec. 10. (a) An insurer may cancel or refuse to renew an individual certificate while maintaining in force the master policy and other individual certificates issued under the master policy.
(b) An insurer that cancels or refuses to renew a master policy shall, within a period determined by the commissioner, provide:
(1) to the group administrator; and
(2) to each individual participating group member;
written notice of the cancellation or refusal to renew.