What must insurance companies provide if they refuse to renew an existing policy?

Insurance companies are required to provide a written notice of non-renewal at least 60 days before the expiration of an existing policy. This requirement ensures that policyholders have adequate time to seek alternative coverage without a lapse in protection. Notifying them in advance allows insured individuals or businesses to find a new insurance provider or make necessary arrangements, which is crucial for maintaining continuous coverage.

This written notice serves to protect the rights of consumers and adds transparency to the insurance process, as policyholders have the right to understand their renewal status and make informed decisions. Having a structured timeline for notifications helps minimize surprises and gives consumers a chance to prepare for any changes in their insurance needs.