IN SB0396

Establishes that proof of mailing a cancellation notice, non-renewal notice, or cancellation reasons to the named insured at their policy address constitutes sufficient proof of notice for life insurance policies

Requires insurers to provide written cancellation reasons upon request if not included in the original cancellation notice

Policyholders must submit written requests for cancellation reasons at least 15 days before the cancellation effective date

Insurers must mail or deliver the written cancellation reasons within 5 days of receiving the policyholder's request

Effective date: July 1, 2012