How many days notice must an insurer provide for cancellation?

In Ontario, when an insurer decides to cancel an automobile insurance policy, they are required to provide a notice period of a minimum of five days to the policyholder. This regulation is in place to ensure that the insured party has sufficient time to respond or seek alternative coverage if their existing policy is being terminated. It is a protective measure for consumers, allowing them to transition without facing an immediate lapse in insurance coverage.

The five-day notice requirement also reflects the standards set by the Insurance Act and the regulations governing automobile insurance in Ontario. Understanding the legal framework surrounding notice periods helps policyholders know their rights and the obligations insurers have toward them.