Cancellation of insurance.

(a) No debtor’s insurance shall be cancelled without due written notice by the insurer to the debtor unless the cancellation is at the request of the debtor. A request for cancellation by the insurer shall be inoperative when made by a creditor or assigns until or unless the insurer shall have given the debtor notice in writing of such request for cancellation.

(b) In the event of a termination of a master policy of insurance by the insurer there shall be at least 30 days written notice given to the creditor and the debtor and during such 30-day period existing policies shall remain in effect.