A notice of cancellation of life insurance coverage by an insurer due to nonpayment of premiums shall be in writing, shall be delivered to the named policyholder or mailed to the named policyholder at the last known address of the named policyholder, shall state the effective date of the cancellation and shall be accompanied by a written explanation of the specific reasons for the cancellation. Proof of mailing of such cancellation notice shall be retained by the insurer for a period of not less than 1 year.
Structure Delaware Code
Chapter 29. LIFE INSURANCE AND ANNUITY CONTRACTS
§ 2903. “Industrial life insurance” defined.
§ 2904. Standard provisions required.
§ 2912. Table of installments.
§ 2915. Beneficiary, industrial policies.
§ 2917. Excluded or restricted coverage.
§ 2918. Standard provisions; annuity and pure endowment contracts.
§ 2919. Grace period; annuities.
§ 2920. Incontestability; annuities.
§ 2921. Entire contract; annuities.
§ 2922. Misstatement of age or sex; annuities.
§ 2924. Reinstatement; annuities.
§ 2925. Standard provisions; reversionary annuities.
§ 2926. Limitation of liability.
§ 2927. Prohibited provisions.
§ 2928. Provisions required by law of other jurisdiction.
§ 2929. Standard nonforfeiture law — Generally.
§ 2930. Incontestability; limitation of liability after reinstatement.
§ 2931. Participating, nonparticipating policies; right to issue.
§ 2933. Prohibited policy plans.
§ 2934. Registered policies, bonds; deposit.
§ 2935. Registered policies, bonds — Identification.
§ 2936. Registered policies, bonds — Records of Commissioner; valuation.
§ 2937. Registered policies, bonds — Additional deposits.
§ 2938. Registered policies, bonds — Deficient deposit.
§ 2939. Registered policies, bonds — Effect of insolvency.
§ 2940. Registered policies, bonds — Applicability of general deposit provisions.