What is required to cancel an insurance policy?

In Washington, the requirements for cancelling an insurance policy are outlined in the Washington Administrative Code (WAC). Generally, an insurer must provide written notice of the cancellation to the policyholder at least 45 days before the effective date of the cancellation. The insurer must include the reason for the cancellation, the amount of any premium refund due to the policyholder, and any other information required by the WAC. Typically, an insurance policy can be cancelled by the policyholder, insurer, or a third party, such as an insurance agent or broker. If the policyholder wishes to cancel their policy, they must provide the insurer with written notice of their intention to cancel the policy. The policyholder must also pay any premium refund due them on or before the effective date of the cancellation. If the insurer wishes to cancel the policy, they must provide the policyholder with written notice of the cancellation at least 45 days before the effective date. The notice must explain the reasons for the cancellation and any premium refund due to the policyholder. The insurer must also comply with any other requirements outlined in the WAC. Finally, if a third party, such as an insurance agent or broker, wishes to cancel the policy, they must provide the policyholder with written notice of their intention to cancel the policy. The notice must include the effective date of the cancellation, the amount of any premium refund due to the policyholder, and any other information required by the WAC. Additionally, the third party must pay any premium refund due to the policyholder on or before the effective date of the cancellation.

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