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All-star contributor Cincinnati Insurance... How long does a customer...

All-star contributor Cincinnati Insurance... How long does a customer have to pay before they get cancelled for non-payment? Policy was never paid or e-signed. 15 months later they accidently e-signed the original application instead of a cancellation for their in-force policies. The agent says they own 15 months of premium because of the e-signature. I can't imaging that Cincinnati would keep the policy in place that long without payment. The policy is written in Kentucky. All reactions:

Carriers Mentioned

Cincinnati

States

Kentucky Ohio

Risk Types

non-payment cancellation, policy administration

Agent Replies (4)

Agent Reply

View more comments Chad Sherrer All-star contributor That doesn’t make sense. How can they sign the original application 15 months later? Everything would have timed out. No one can backdate 15 months.

Agent Reply

View all 2 replies Gloria Thompson Top contributor If it is a commercial policy the first question is agency bill or direct bill? The cancellation time frame is different state to state for non-payment of premium but would only be applicable if on direct bill. The company sends notice when payment amount is approaching or less than the earned premium. If on agency bill the agency would have paid the premium via their monthly account current. Unless the agency advises the carrier that the insured sis not pay, no cancellation notice is sent. Yes, Cincinnati writes 3 year policies on annual installments.

Carriers mentioned: Cincinnati
Agent Reply

View all 3 replies Comment as Justin Ohio Real Estate Investors Real Estate USA

States: Ohio
Agent Reply

Comment Comment as Justin