Pennsylvania Code (Last Updated: April 5, 2016) |
Title 31. INSURANCE |
PART VII. Property, Fire and Casualty Insurance |
Chapter 112. Policies Covering Personal Property Pledged as Collateral |
Section 112.7. Cancellation of insurance
Latest version.
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(a) No debtors insurance shall be cancelled without due written notice by the insurer to the debtor unless the cancellation is at the request of the debtor. A request for cancellation by the insurer shall be inoperative when made by a creditor or assigns until or unless the insurer shall have given the debtor notice in writing of such request for cancellation.
(b) In the event of a termination of a master policy of insurance by the insurer there shall be at least 30 days written notice given to the creditor and the debtor and during such 30-day period existing policies shall remain in effect.