13 .0318 - NOTICE OF CANCELLATION

13 .0318. NOTICE OF CANCELLATION

The notice of cancellation as described in G.S. 58-35-85(2) shall be signed by the owner or an officer of the premium finance company (the owner or officer's facsimile signature may be used), shall have in bold print at its top the wording "Notice of Cancellation" and shall include the name and address of the insured; the name and address of the insurance company; the name and address of the premium finance company; the insurance company policy number; a certification that the ten-days notice of intent to cancel has been furnished to the insured; the authority under which the policy is to be canceled; the date the notice of cancellation is delivered or sent to the insured and to the insurance company; the effective date of cancellation; and a notice stating, "If automobile liability insurance is included, you are cautioned that financial responsibility is required to be maintained continuously throughout the registration period and that operation of a motor vehicle without maintaining such financial responsibility is a misdemeanor, the penalty for which is loss of registration plate, and fine or imprisonment, in accordance with the motor vehicle laws of the State of North Carolina as they may be amended from time to time".

(Authority G.S. 58-2-40; 58-35-85(2); Eff. February 1, 1976; Readopted Eff. January 1, 1978; Amended Eff. December 1, 1993; September 1, 1991; May 1, 1989; July 1, 1986; Temporary Amendment Eff. December 1, 1999; Amended Eff. July 1, 2000.)

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