Question

If a policy is being canceled for nonpayment of premium, the insurer must give a fire insurance insured written notice at least

A) 10 days
B) 15 days
C) 30 days
D) 45 days

Answer 1

The insurer must give a fire insurance insured written notice at least 30 days before canceling the policy for nonpayment of premium.

Step-by-step explanation:

The correct answer is C) 30 days. If a fire insurance policy is being canceled for nonpayment of premium, the insurer must give the insured a written notice at least 30 days before the policy is canceled. This notice gives the insured an opportunity to pay the premium and avoid policy cancellation. It is important for insurance companies to provide sufficient notice to their policyholders to ensure they have an opportunity to take necessary actions.