§ 27-7-12-3 — Notice of cancellation

(a) Notice of cancellation of property insurance
coverage by an insurer must:
(1) be in writing;
(2) be mailed to the named insured at the last known address of
the named insured;
(3) state the effective date of the cancellation; and
(4) upon request of the named insured, be accompanied by a
written explanation of the specific reasons for the cancellation.
(b) An insurer shall mail written notice of cancellation to the named
insured at least:
(1) ten (10) days before canceling a policy, if the cancellation is
for nonpayment of a premium;
(2) twenty (20) days before canceling a policy, if:
(A) the cancellation occurs more than sixty (60) days after the
date of issuance of the policy; or
(B) the insurer has received a copy of a complaint under IC 32-30-10.5-8(d)(2) concerning the property; and
(3) ten (10) days before canceling a policy, if the cancellation
occurs not more than sixty (60) days after the date of issuance of
the policy.
(c) If the policy was procured by an independent insurance producer
licensed in Indiana, the insurer shall mail notice of cancellation to the
insurance producer not less than ten (10) days before the insurer mails
the notice to the named insured, unless the obligation to notify the
insurance producer is waived in writing by the insurance producer.

Legislative History

As added by P.L.203-2001, SEC.10. Amended by P.L.178-2003, SEC.55; P.L.116-2011, SEC.3; P.L.196-2021, SEC.37.