Section 402:80 Cancellation or Termination of Policies.
No cancellation or termination of an insurance policy of any type for nonpayment of a premium shall be effective if:
I. Payment of the premium is actually received by the insurance company; and
II. Payment of the premium is sent by certified mail before the effective date and time of cancellation or termination of the policy as stated in the notice of cancellation or termination, or is received by the insurance company's agent before such date.
Source. 1988, 115:1, eff. Jan. 1, 1989.