Delaware § 2941 Notification and reasons for cancellation [For application of this section, see 79 Del. Laws, c. 390, § 8]

Delaware Statutes

§ 2941 — Notification and reasons for cancellation [For application of this section, see 79 Del. Laws, c. 390, § 8]

Delaware·Title 18·Part Insurance·Ch. 29 LIFE INSURANCE AND ANNUITY CONTRACTS

A notice of cancellation of life insurance coverage by an insurer due to nonpayment of premiums shall be in writing, shall be delivered to the named policyholder or mailed to the named policyholder at the last known address of the named policyholder, shall state the effective date of the cancellation and shall be accompanied by a written explanation of the specific reasons for the cancellation. Proof of mailing of such cancellation notice shall be retained by the insurer for a period of not less than 1 year.

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A notice of cancellation of life insurance coverage by an insurer due to nonpayment of premiums shall be in writing, shall be delivered to the named policyholder or mailed to the named policyholder at the last known address of the named policyholder, shall state the effective date of the cancellation and shall be accompanied by a written explanation of the specific reasons for the cancellation. Proof of mailing of such cancellation notice shall be retained by the insurer for a period of not less than 1 year.

Delaware § 2941 (Notification and reasons for cancellation [For application of this section, see 79 Del. Laws, c. 390, § 8]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.