Notice of cancellation

Sec. 5. (a) A notice of cancellation of a policy to which section 4 of this chapter applies is not effective: (1) unless it is mailed by the insurer to the named insured at least twenty (20) days prior to the effective date of cancellation; or (2) if the cancellation is for nonpayment of premium, unless it is: (A) mailed by the insurer to the named insured at least ten (10) days before the effective date of cancellation; and (B) accompanied by a written statement of the reason for the cancellation. (b) If a policy was procured by an independent insurance producer duly licensed by the state of Indiana, notice of intent to cancel the policy shall be mailed to the independent insurance producer at least ten (10) days prior to the mailing of the notice of cancellation to the named insured under subsection (a), unless such notice of intent to cancel is or has been waived in writing by the independent insurance producer. (c) Unless a written statement of the reason for the cancellation accompanies or is included in the notice of cancellation, the notice of cancellation of a policy that is mailed under subsection (a) shall state or be accompanied by a statement that, upon the written request of the named insured that is mailed to the insurer not less than fifteen (15) days prior to the effective date of cancellation, the insurer will specify the reason for such cancellation. (d) This section does not apply to nonrenewal.