§ 515.129B — Nonrenewal of personal lines policies or contracts

Iowa § 515.129B

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 515: INSURANCE OTHER THAN LIFE

Text

1. An insurer shall not refuse to renew a personal lines policy or contract of insurance
unless at least sixty days before the end of the policy or contract period the insurer delivers,
mails, or electronically transmits to the first named insured, at the last known address of
the first named insured, written notice of the insurer’s intention not to renew the policy
or contract upon expiration of the current policy or contract period as provided in section
§515.129B, INSURANCE OTHER THAN LIFE 44
515.129C. Proof of such mailing, electronic transmission, or delivery to the first named
insured’s last known address shall be maintained by the insurer.
2. The notice of intention not to renew shall include or be accompanied by a written
explanation of the insurer’s specific reason or reasons for the nonrenewal.
3. The transfer of a policy between affiliates of an insurance company shall not be
considered a nonrenewal.

Legislative History

[C97, §1729; C24, 27, 31, 35, 39, §8961; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.82]