(a) There shall be a provision as follows:
"Grace Period: A grace period of (insert a number not less than "7' for weekly premium policies, "10' for monthly premium policies and "31' for all other policies) days will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force."
(b) A policy in which the insurer reserves the right to refuse renewal shall have, at the beginning of the provision in (a) of this section,
"Unless not less than 30 days before the premium due date the insurer has delivered to the insured or has mailed to the last address of the insured as shown by the records of the insurer written notice of its intention not to renew this policy beyond the period for which the premium has been accepted."Section: Previous 21.51.010 21.51.020 21.51.030 21.51.040 21.51.050 21.51.060 21.51.070 21.51.080 21.51.090 21.51.100 21.51.110 21.51.120 21.51.130 21.51.140 21.51.150 Next
Last modified: November 15, 2016