What is the notice period for cancellation due to material misrepresentation within the first 60 days of coverage?

In Kentucky, when a policy is canceled within the first 60 days of coverage due to material misrepresentation, insurers are required to provide a notice period of 10 days. This regulation is designed to ensure that policyholders have adequate time to understand the reasons for cancellation and seek alternative coverage if necessary. Material misrepresentation refers to false information provided by the policyholder that affects the insurer’s decision to issue the policy or the terms under which it was issued. By mandating a notice period, the law balances the insurer's need to maintain underwriting integrity with the policyholder’s right to fair treatment. This context emphasizes the importance of transparent communication between insurers and insureds at the beginning of the policy term.