How many days does an insurer have to advise an insured of her right to request the reasons for a premium increase after the policy expiration?

An insurer is required to notify an insured of her right to request the reasons for a premium increase within 30 days following the expiration of the policy. This requirement is in place to ensure transparency and to protect consumers by allowing them to understand the rationale behind any changes in their premium, which can significantly affect their financial planning and decision-making. The 30-day timeframe is established in regulations to give insureds a reasonable period to act upon this information after their coverage has lapsed, enabling them to ask questions or negotiate their premiums based on the insurer's explanations. This framework reflects the balance between the rights of the policyholders and the operational needs of insurers in the industry.