How many days of written notice must an insurer provide to the policy owner if the policy is going to lapse?

In New Jersey, insurers are required to provide a minimum of 30 days of written notice to the policy owner if there is a potential lapse of the policy. This regulation is intended to give policyholders sufficient time to address any missed premium payments or to take necessary actions to prevent the policy from lapsing. By having this 30-day notice period, the insurer ensures that the policy owner is adequately informed and has the opportunity to rectify the situation before coverage is forfeited. This requirement is part of consumer protection regulations aimed at preventing abrupt loss of insurance coverage, which could have significant consequences for the policyholder.