To date, the notice period for the cancellation of insurance was 2 months. The new Law 20/2015, of July 14, on organization, supervision and solvency of insurance and reinsurance entities (published in the BOE on July 15, 2015) incorporates this novelty that modifies the current Insurance Contract Law , regarding the deadlines for opposition to the renewal of the insurance contract:
What cancellation period do insurance contracting parties have after 01/01/2016?
As of January 1, 2016, policyholders may notify their insurance company of their opposition to the renewal of the insurance contract up to one month before the expiration date of the current period.
What cancellation period do insurance companies have to communicate the cancellation of a contract after 01/01/2016?
The term for insurance companies, to notify the policyholder of the non-renewal of the contract when appropriate, keeps for 2 months.
Is there any type of insurance that cannot be canceled by the insurer?
In the case of death insurance and dependency insurance, only the policyholder can oppose the extension of the contract