Must I notify a carrier if I am terminating my policy?

A carrier is only required to honor prospective termination requests, not retroactive termination requests. If you make a prospective request to terminate the policy, the carrier will terminate the policy as of the date you specify. You are liable for payment of premiums for the period of time during which the contract remains in force, but the carrier will refund any premiums you have already paid for time period exceeding the date of termination. With respect to requests for retroactive termination, the carrier will terminate your policy on the date the carrier receives the notice, and the refund premium for any remaining days.

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