20-1671. Scope of article This article applies to commercial property insurance policies, commercial liability policies and commercial multi-peril insurance policies other than automobile policies. This article does not apply to any of the following: 1. Life and disability insurance. 2. Annuities. 3. Workers’ compensation and employers’ liability insurance written in connection with workers’ compensation. 4. […]
20-1672. Definitions In this article, unless the context otherwise requires: 1. " Cancellation" means termination of a policy at a date other than its expiration date. 2. " Expiration date" means the date on which coverage under a policy ends as set forth in the policy. For a policy written for a term longer than […]
20-1673. Grounds for valid cancellation A. No insurer may cancel an insurance policy before the expiration of the agreed term or one year from the effective date of the policy or renewal, whichever is less, if one of the following is true: 1. The policy has been in effect for sixty days. 2. The policy […]
20-1674. Notice of cancellation; refund of unearned premium A. A cancellation under section 20-1673 is not effective unless the insurer sends a copy of the notice of cancellation to the insured’s agent and to the named insured at least forty-five days before the effective date of the cancellation, except that, if cancellation is for nonpayment […]
20-1675. Liability of insurer and representatives for statements in notice of cancellation, other communication or evidence given in court relating to cancellation There is no liability on the part of and no cause of action of any nature arises against any insurer or its authorized representatives, agents or employees, or any licensed insurance producer, for […]
20-1676. Notice of nonrenewal A. This article does not apply to the nonrenewal of insurance policies except as provided in subsection B of this section. B. A nonrenewal of any policy of insurance to which this article applies is not effective unless the insurer sends a copy of the notice of nonrenewal to the insured’s […]
20-1677. Notice of premium or coverage changes A. An insurer shall send to the named insured written notice of a premium increase, change in deductible or reduction in limits or substantial reduction in coverage at least thirty days before the expiration date of the policy. If the insurer fails to provide the thirty days’ notice, […]
20-1678. Proof of notice A. Proof of sending a notice of cancellation, or of nonrenewal or of premium or coverage changes, by mail to the named insured at the address shown in the policy is sufficient proof of notice. B. Any method of proof retained by the insurer for sending a notice of cancellation, or […]
20-1679. Application and effective date This article applies only to policies with coverage effective dates that are after the effective date of this article.
