North Carolina Adjuster Practice Exam 2025 - Free Adjuster Practice Questions and Study Guide

Question: 1 / 400

Steadfast Insurance must notify Orion how many days prior to canceling the policy due to missed premium?

10 days

15 days

In North Carolina, insurance companies are required to provide specific notice periods before canceling a policy for non-payment of premiums. According to the regulations, if an insurer decides to cancel a policy due to the insured's failure to pay premiums, they must notify the insured at least 15 days in advance of the cancellation. This notification period is designed to allow policyholders sufficient time to make payments or address any issues related to their coverage.

The 15-day notice gives policyholders an opportunity to rectify the situation before losing their insurance protection, highlighting the importance of communication between insurers and insured individuals. This requirement is part of consumer protection laws aimed at ensuring that policyholders are treated fairly and are not caught off guard by abrupt cancellations.

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30 days

45 days

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