(1) If the policyholder has not informed the insurer of a change of address, the dispatch of a letter sent recorded delivery to the policyholder’s last known address suffices in respect of a declaration of intention to be made to the policyholder. The declaration is deemed to have been received three days after the letter was dispatched. Sentences 1 and 2 apply accordingly in respect of a change of the policyholder’s name.
(2) If the policyholder has taken out the insurance in his or her business enterprise, subsection (1) sentences 1 and 2 apply accordingly in the event of his or her business establishment relocating.