I'm not sure the 45 day notice would be required as the policy that was to last a year, will last a year, the vendor providing the coverage changed in the middle, however. I'm a little surprised the policies didn't just run their course with the new vendor picking up new policies.
I share Randy's concerns if the premiums increased and this cost was passed on to the borrower. Switching in the middle to a more expensive premium doesn't make sense.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell