Answer:
You must always send a new forty-five day notice, but when, depends on what type of policy was purchased. If the policy that is due to expire is a standard policy, you must wait for the policy to expire, notify them and then wait forty-five days before force placing again.
If the policy that is due to expire is a force place policy (a MPPP), you can notify the customer forty-five days prior to expiration. If a new policy has not been purchased at the time of expiration, you can force place with another MPPP at that time.
First published on BankersOnline.com 1/11/10
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