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The Insurance 30 Day Notice Of Cancellation is a crucial document used when either an insurer or policyholder needs to terminate an insurance policy in Singapore. This notice is mandated by Singapore's insurance regulations and must be issued at least 30 days before the intended cancellation date. The document ensures compliance with the Insurance Act 1966 and MAS guidelines, protecting both parties' interests during the cancellation process. It includes essential information such as policy details, cancellation reasons, premium refund calculations, and ongoing claims handling procedures. This formal notice helps maintain transparency and provides adequate time for both parties to address any outstanding matters before the policy termination takes effect.
