Minnesota SF665 amends time requirements for midterm policy cancellation in insurance.

Minnesota SF665 amends the time requirements for midterm policy cancellation in insurance. It specifies that if a policy is less than 60 days old and is declined or canceled for nonpayment of premium, notice must be mailed to the insured at least 60 days before the effective cancellation date. If a policy is declined or canceled for underwriting considerations, the insured must be informed of the source of the information. For midterm cancellations, notice must be mailed at least 60 days before the effective cancellation date.

Minnesota SF665 amends time requirements for midterm policy cancellation in insurance.

Minnesota SF665 amends the time requirements for midterm policy cancellation in insurance. It specifies that if a policy is less than 60 days old and is declined or canceled for nonpayment of premium, notice must be mailed to the insured at least 60 days before the effective cancellation date. If a policy is declined or canceled for underwriting considerations, the insured must be informed of the source of the information. For midterm cancellations, notice must be mailed at least 60 days before the effective cancellation date.