Del. Code tit. 18 § 2941

Current through 2024 Legislative Session Act Chapter 402
Section 2941 - Notification and reasons for cancellation

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.

18 Del. C. § 2941

Added by Laws 2013, ch. 390,s 1, eff. 8/6/2014.