Section 27-1-31-2 - Grounds for cancellation; notice of cancellation(a) An insurer may not cancel a policy of insurance that the insurer has written that has been in effect more than ninety (90) days unless: (1) the insured under the policy has failed to pay the premium;(2) there is a substantial change in the scale of risk covered by the policy;(3) the insured has perpetrated a fraud or material misrepresentation upon the insurer;(4) the insured has failed to comply with reasonable safety recommendations; or(5) reinsurance of the risk associated with the policy has been cancelled.(b) An insurer shall mail a written notice of cancellation to a person insured under a policy issued by the insurer at least: (1) forty-five (45) days before cancelling the policy for any reason set forth in subsection (a)(2), (a)(4), or (a)(5);(2) twenty (20) days before cancelling the policy for the reason set forth in subsection (a)(3); or(3) ten (10) days before cancelling the policy for the reason set forth in subsection (a)(1).Amended by P.L. 196-2021,SEC. 26, eff. 7/1/2021.As added by P.L. 271-1987, SEC.4. Amended by P.L. 162-1988, SEC.3.