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Panel clarifies short-term policy cancellation notice in House Bill 1243
INSURANCE & COMMERCE - SENATE · April 6, 2021
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Summary
House Bill 1243, as amended, clarifies notice requirements for property and casualty policies in force 60 days or less by specifying a 20-day notice for cancellations and 10 days for nonpayment; the committee approved it as amended.
The Senate Insurance & Commerce Committee approved House Bill 1243 as amended to clarify notice requirements for property and casualty insurance policies that are in force for 60 days or less.
Russ Galbraith, chief deputy insurance commissioner, told the committee the bill addresses ambiguity in the current…
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