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In the insurance world, a notice of cancellation provision obligates insurers to provide advance written notice to the Certificate Holder if an insurance policy is cancelled or not renewed. The most common required cancellation notice period is 30 days, though, in some cases, up to 60 days may be required.
A cancellation notice (also referred to as a notice of contract termination, contract termination letter, or notice of cancellation of contract) is a written notice of the forthcoming cancellation of a contract.
Common Reasons for Car Insurance Cancellation. Car insurance can be canceled for a variety of reasons, often dictated by state laws. The most common acceptable reason for cancellation is that you didn't pay the premium on time.
I regret to inform you that I, Penelope Mason, have decided to terminate my life insurance coverage effective immediately. The reason for my decision is based on losing my job and being unable to pay premiums. Please send me a written confirmation of the cancellation for my records at your earliest convenience.
Your letter should include: Date of notice. Insurance company name and address. Appropriate department name and contact person. Insured's name (found in the declarations page of the policy) Insured's mailing address. Insured's phone number. Policy number. Coverage period (on declarations page)