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22 § 885. Section 5 - Cancellation by the insured; surrender A. Cancellation by the insured of any policy which by its terms may be cancelled at the insured's option or of any binder based on the policy shall be effected only by written notice thereof to the insurer.
Sample Insurance Cancellation Letter. I'm writing to seek termination of my insurance policy, which will take effect on [enter cancellation date]. I'd appreciate it if you could provide me formal confirmation of the cancellation within the next 30 days.
Contact your insurer or agent to find the best way to cancel your policy. Some insurance companies permit you to cancel right over the phone or online. Other insurers may require written notification or a signed document.
In most states, an insurance company must give a policyholder written notice of cancellation at least 30 days before canceling the policy.
How Do You Write An Insurance Cancellation Letter? Keep it simple : A one-page notice of cancellation will do. ... Include all required information : Make sure to include all required information by your insurer for cancellation notification. Be polite, but firm : Write in a polite, yet firm tone.
There are several reasons why you might need to cancel a car insurance policy. For example, maybe you no longer own the car in question. Or you're moving to another state. Or you want to switch to a less expensive auto insurance policy.
The body should include: The date you would like your policy to be canceled. A request for a refund of unused premiums. A statement that you no longer authorize the insurer to withdraw funds from your payment account for premiums (if applicable)
Dear [Recipient's Name], I am writing this letter as a formal request to cancel my life insurance policy with your company. My policy number is [Policy no], and please make it effective from [mention date]. I further request that you cease all charges associated with the premium and return the payments made earlier.