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These guidelines vary by state, but typically, the insurance carrier must provide you with advance written notice of the cancellation or nonrenewal, usually between 30 and 60 days.
Insurance companies are required to provide written notice of cancellation or nonrenewal, typically within 30-120 days (varies by state), to allow policyholders enough time to shop around for ...
A surge in nonrenewals. Insurers using drones or satellite images as part of the underwriting process isn’t new. Where once companies sent agents into the field to take photos, “the use of ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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A no-action letter is a letter written by the staff members of a government agency, requested by an entity subject to regulation by that agency, indicating that the staff will not recommend that the agency take legal action against the entity, should the entity engage in a course of action proposed by the entity through its request for a no-action letter.
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