Policy Cancellation Notice

A Policy Cancellation Notice is a document sent by an insurance company to a policyholder informing them that their insurance policy is being cancelled or terminated. The notice typically includes the reason for the cancellation, such as non-payment of premiums, material misrepresentation, or a change in risk, as well as the effective date of the cancellation and any applicable grace periods or reinstatement options. Policy cancellation notices are regulated by state insurance laws and must usually be sent a certain number of days in advance of the cancellation date to give the policyholder time to find replacement coverage.