What does nonrenewal require from the insurer?

What does nonrenewal require from the insurer?

• A. 30 days notice
• B. 60 days notice
• C. No notice
• D. 14 days notice

Answer: (B)

Nonrenewal of an insurance policy requires the insurer to provide 60 days' notice to the policyholder in Wisconsin. This requirement is set forth to ensure that the insured has enough time to seek alternative coverage or make necessary arrangements before their insurance coverage lapses. The 60-day notice period acts as a protective measure for consumers, allowing them adequate time to respond and plan accordingly. Other notice periods, such as 30 days, 14 days, or no notice at all, do not comply with the legal requirements established for nonrenewal in Wisconsin. This provision ensures that policyholders are adequately informed and gives them the opportunity to avoid a lapse in their insurance coverage.

Nonrenewal of an insurance policy requires the insurer to provide 60 days' notice to the policyholder in Wisconsin. This requirement is set forth to ensure that the insured has enough time to seek alternative coverage or make necessary arrangements before their insurance coverage lapses. The 60-day notice period acts as a protective measure for consumers, allowing them adequate time to respond and plan accordingly.

Other notice periods, such as 30 days, 14 days, or no notice at all, do not comply with the legal requirements established for nonrenewal in Wisconsin. This provision ensures that policyholders are adequately informed and gives them the opportunity to avoid a lapse in their insurance coverage.