If a company plans to renew with different deductibles or coverage, how many days must the renewal be mailed to the insured prior to the renewal date?

The correct answer reflects the requirement for insurers to provide timely notification to the insured regarding any changes to their coverage or deductible upon renewal. In Illinois, a company must mail the renewal notice to the insured at least 60 days prior to the renewal date if there are differences in deductibles or coverage. This regulation provides the insured sufficient time to assess the changes and consider their options, which is a vital consumer protection measure within the insurance industry.

The other durations mentioned do not fulfill the statutory requirement for renewal notifications when adjustments are made. A notice period of 30, 45, or 90 days does not align with Illinois regulations, ensuring that the insured has clear expectations for the renewal process and enough time to make informed decisions regarding their insurance policies.