Cancellation & Nonrenewal presents specific guidelines regarding the cancellation and nonrenewal of insurance policies, including cancellation by a premium finance company. Charts are included for each state, providing guidelines for how and when insurers must notify insureds in a quick, easy-to-read format. State-specific ISO forms are identified for commercial and personal lines, guiding readers to relevant resources for state-specific details.
Book Summary:
- Provides specific guidelines regarding the cancellation and nonrenewal of insurance policies for both commercial and personal lines of business, including cancellation by a premium finance company
- Gives permissible reasons for cancellation and nonrenewal
- Lists definitions of and penalties for insurance fraud
- Tells insurers whether or not a fraud warning is required on policies issued
- Defines unfair claims settlement practices and penalties for violation of those practices
- Enhanced clarity of commercial lines of business
- Includes access to the online "Updates Page" where we post updates to cancellation and nonrenewal statutes that were made after publication of this book
Key Topics include:
- Notification of cancellation and nonrenewal of commercial and personal lines insurance
- Cancellation of a policy by a premium finance company
- Definition of and penalties for insurance fraud
- Definition of and penalties for unfair claims settlement practices
Significant changes have been made in the following states:
- Maryland
- New Hampshire
- Texas
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Cancellation & Nonrenewal is brought to you by the editors of FC&S Expert Coverage Interpretation, dedicated to providing you with the most current insurance coverage interpretations and analyses since 1929.