What notice period must an insurer provide when terminating an automobile contract for non-payment of premium after 60 days?

The requirement for an insurer to provide a notice period when terminating an automobile contract for non-payment of premium after 60 days specifies that a 30-day notice must be given if the notice is sent by registered mail. Alternatively, if the notice is delivered by hand, the notice period is reduced to 10 days. This rule is established to ensure that policyholders are adequately informed of the impending termination of their insurance coverage, providing them a reasonable opportunity to address the non-payment issue and maintain their policy. It reflects a fair practice in the insurance industry to protect consumers from sudden loss of coverage.

The other options provided do not align with the established requirements for notifying policyholders in the event of contract termination due to non-payment. Each has either incorrect notice periods or fails to meet the necessary conditions set forth by the regulations regarding automobile insurance in Ontario.