What is the required notice period for cancellation due to non-payment of premium?

Prepare for the Washington Surplus Lines Broker Exam. Utilize flashcards and multiple-choice questions with detailed explanations. Ace your exam with confidence!

In Washington, the required notice period for cancellation of an insurance policy due to non-payment of premium is indeed 10 days. This means that if an insurer decides to cancel a policy because the insured has failed to pay the required premium, they must provide at least 10 days' notice to the policyholder before the cancellation takes effect.

This notice period serves as a legal requirement to give the insured adequate time to address any payment issues and avoid losing coverage. Ensuring that policyholders are well-informed about the status of their premium payments is crucial for fair treatment and allows policyholders to rectify any oversight that may have led to non-payment.

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