What is the required notice period for cancellation of liability insurance due to non-payment of premium?

In North Carolina, when a liability insurance policy is canceled due to non-payment of premium, the insurer must provide at least 15 days written notice to the insured. This notice period is established to ensure that policyholders have sufficient time to address their payment issues or seek alternative insurance coverage before their policy is terminated. The 15-day notice period balances the insurer’s need to manage financial risk with the policyholder’s right to receive adequate warning about the potential cancellation of their coverage. Insurers are required to follow this procedure to promote transparency and fairness in the cancellation process, thereby helping policyholders protect their interests.