Reb Yosef: Thanks for the clarification. Hopefully, other states will follow the NYS policy but my point was a more global concern. Insurance companies have substantial discretion to cancel policies for non-payment of premiums as long as they strictly adhere to the rules of the insured’s state. In most cases, that requires only one or two warning letters to the address on record, which sometimes may be an insurance broker or agent. Treat your insurance premiums like your home mortgage payment and don’t “assume” you have forbearance for a late payment unless you have confirmation in writing. A mistake can be very costly.
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