What is the minimum duration a policy must be in effect to require at least 10 days written notice before cancellation for nonpayment?

The minimum duration a policy must be in effect to require at least 10 days written notice before cancellation for nonpayment is 60 days. This provision is in place to ensure that policyholders have an adequate opportunity to address any potential payment issues before their coverage can be canceled due to nonpayment.

When a policy has been active for at least 60 days, it provides a level of commitment from both the insurer and the insured, establishing more stable coverage. This regulation helps protect consumers from abrupt cancellations that could leave them without coverage when they may need it most.

If a policy has been in effect for less than 60 days, insurers are typically allowed to cancel the policy for nonpayment without having to provide the insured with a ten-day notice period, reflecting a period of lower commitment. Thus, the 60-day requirement is designed to balance the interests of both insurers and policyholders, ensuring fair treatment for consumers who have maintained their policy for a sufficient length of time.