424.303 Cancellation by creditor.
117 words·~1 min read·
/wi/chapter-424/424-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
424.303 Cancellation by creditor.
(1)A creditor shall not request cancellation of a policy of property or liability insurance except after the customer’s default (s. 425.103 ), or in accordance with a written agreement by the customer at any time other than when the original transaction is entered into. In either case the cancellation does not take effect until written notice is delivered to the customer or mailed to the customer at an address as stated by the customer. The notice shall state that the policy may be canceled on a date not less than 30 days after the notice is delivered, or, if the notice is mailed, not less than 33 days after it is mailed.