Under Georgia law, an insurance company must notify the policyholder of a lapse for nonpayment at least how many days before coverage ends?

Under Georgia law, an insurance company is required to notify the policyholder of a lapse for nonpayment at least 30 days before the coverage ends. This regulation is in place to ensure that policyholders receive ample notice and an opportunity to address any outstanding payment issues before their coverage is terminated.

The 30-day notification period allows individuals sufficient time to make the necessary payments or to seek alternative coverage if needed. It also serves to protect consumers by reducing the amount of sudden lapses in coverage, which could leave them vulnerable without insurance protection. Understanding this time frame is crucial for both insurance agents and policyholders to maintain compliance and awareness of their rights and obligations under the law.