In all instances in which an insurance carrier is to cease providing workers' compensation insurance to an employer, whether by reason of cancellation or otherwise, such insurance carrier shall file a written termination notice with the commissioner and shall send a copy of the notice to the employer. Terminations shall take effect no sooner than the earliest of the following: I. In case of termination for nonpayment of premium, 30 days after the date the termination notice is filed. II. In case of termination for reasons other than nonpayment of premium, 45 days after the date the termination notice is filed. III. In any case, the date on which the employer has obtained new coverage from another insurance carrier or on which the employer has qualified as a self-insurer under RSA 281-A:5, III.
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