§ 23-404. Notice to third parties of cancellation

Latest version.

   (a) In general. -- All statutory, regulatory, and contractual restrictions that provide that the insured may not cancel an insurance contract unless notice is given to a governmental agency, mortgagee, or other third party shall apply to a cancellation made under this subtitle.

(b) Procedure. -- If an insurer is required under subsection (a) of this section to give notice on behalf of itself or the insured, the insurer shall:

   (1) give notice to the governmental agency, mortgagee, or other third party; and

   (2) compute the effective date of cancellation from the day the insurer receives the notice of cancellation from the premium finance company.

HISTORY: An. Code 1957, art. 48A, § 486G; 1996, ch. 11; 1997, ch. 708; 2005, ch. 25, § 13.

                    
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