(2) The notice described in subsection (1) of this section shall be in writing and mailed by first class mail to the last-known address of the policyholder at least:
(a) Ten days prior to the end of the grace period specified in ORS 743.417 (1)(a) and 743B.320; or
(b) Fifteen days prior to the end of the grace period specified in ORS 743.417 (1)(b).
(3) The Department of Consumer and Business Services may prescribe by rule the information that must be contained in the notice required by subsection (1) of this section. [Formerly 743.565; 2021 c.205 §11]