2024 Cancellation & Nonrenewal Handbook

This title presents the updated rules and guidelines for the cancellation and nonrenewal of various kinds of insurance policies. Provisions are laid out by type of business and feature new charts that show when and how a policy may be canceled and the manner in which a carrier must provide notice of cancellation/nonrenewal to the policyholder. Details Section: 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 New in the 2024 Edition: Access to online ';Updates Page' where we list updates to cancellation and nonrenewal statutes that were made after publication of the books State-specific ISO forms listed by Line of Business for both commercial and personal lines Improved organization of in-text statutory citations Key Topics Providing notice 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 unfair claims settlement practices Cancellation & Nonrenewalcomes to you from the editors ofFC&S Expert Coverage Interpretation, which is committed to keeping you up-to-date on the latest insurance coverage interpretations and analyses. It is the authoritative reference tool for agents and underwriters who need to know how a policy may be legally terminated by an insurer.