1. Notice. Cancellation or nonrenewal by an insurer of surplus lines coverage subject to this chapter is not effective unless received by the named insured on or before the date specified in this subsection. A postal service certificate of mailing to the named insured at the insured's last known address is conclusive proof of receipt on the 5th calendar day after mailing. The notice must be received: A. No later than the 30th day before policy expiration for any nonrenewal; [PL 2025, c. 348, §23 (NEW).] B. No later than the 10th day before the effective date of cancellation if the cancellation is for nonpayment of premium; or [PL 2025, c. 348, §23 (NEW).] C. No later than the 14th day before the effective date of any cancellation other than a cancellation for nonpayment of premium, or no later than the 20th day if required by section 3050. [PL 2025, c. 348, §23 (NEW).] [PL 2025, c. 348, §23 (AMD).] 2. Exemption. Cancellation or nonrenewal by an insurer of surplus lines coverage subject to this chapter is not subject to sections 2908 and 3007. Cancellation or nonrenewal by an insurer of surplus lines coverage for risks identified in section 3048 is subject to chapter 41, subchapter 5, except those provisions of chapter 41, subchapter 5 that, by their terms, apply to authorized insurers or the admitted market. [PL 2025, c. 348, §23 (AMD).]
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