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.