While the presumption against retroactive application of new statutes is strong, figuring out what constitutes retroactive application may be difficult.  Here, the statute required a grace period and notice before terminating a life insurance policy for nonpayment of the premium.  Though it changed the terms of the policy, it governed only the insurer’s actions after the effective date of the statute and did not change the consequences of actions taken earlier.  So applying the statute to insurance policies that commenced earlier but were still in effect on the statute’s effective date did not have a forbidden retroactive effect, particularly in a highly regulated industry such as insurance.