Question
Please see below the statements how to cancel a Homeowners 3 policy. All of these statements are true EXCEPT A. At least 100 days' notice
Please see below the statements how to cancel a Homeowners 3 policy.
All of these statements are true EXCEPT
A. At least 100 days' notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium. | ||
B. A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giving the insured at least 30 days' notice of cancellation. | ||
C. The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy. | ||
D. All statements are correct ones | ||
E. After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued. |
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