MI HB6169

Insurers must provide vendors and enrolled customers with at least 30 days' notice before terminating or changing the terms and conditions of a portable electronics insurance policy, including a revised policy, endorsement, or certificate describing material changes.

Insurers may terminate an enrolled customer's coverage 15 days after notice if fraud or material misrepresentation is discovered in obtaining coverage or presenting a claim.

Insurers may immediately terminate coverage for nonpayment of premium, loss of active service with the vendor, or exhaustion of the policy's aggregate liability limit (with notice required within 30 days of exhaustion).

Vendor policyholders must provide enrolled customers with at least 30 days' written notice before terminating a portable electronics insurance policy.

All required notices and correspondence must be in writing and may be sent by mail (with postal proof) or electronic means to the last known addresses or email addresses on file, with an enrolled customer's provision of an email address considered consent for electronic communication.