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prior to the effective date of cancellation, or, when the | | cancellation is for nonpayment of premium, at least 10 days prior | | to the effective date of cancellation. A postal service certificate | | of mailing to the named insured at the insured's last known address | shall be | | after mailing. |
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| | | Except for a policy which | | than 60 days at the time notice of cancellation is received by | the named insured, the reason for cancellation shall | | accompany the notice, together with a notice of the right to | | apply for a hearing before the Superintendent of Insurance within | | 30 days, as provided in section 3054. |
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| | | Prior to the date of renewal of a policy that has been | | transferred by an insurer to an affiliate, the insured must | | receive notice of any changes to the terms of the policy that are | | less favorable to the insured. |
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| | | Sec. 6. 24-A MRSA §3051, sub-§1, as amended by PL 2003, c. 671, Pt. A, | | §8, is further amended to read: |
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| | | 1. If the insurer has manifested its willingness to renew; or |
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| | | Sec. 7. 24-A MRSA §3051, sub-§2, as enacted by PL 1973, c. 239, is | | amended to read: |
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| | | 2. If the insured fails to pay any premium due or any advance | premium required by the insurer for renewal. |
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| | | Sec. 8. 24-A MRSA §3051, sub-§3 is enacted to read: |
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| | | 3.__If the insured has transferred a policy to an affiliate. |
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