Illinois § 143.21 Cancellation of Fire and Extended Coverage Policy - Grounds

Illinois Statutes

§ 143.21 — Cancellation of Fire and Extended Coverage Policy - Grounds

Illinois § 143.21

JurisdictionIllinois

TopicREGULATION

Ch. 215INSURANCE

Act 215 ILCS 5/Illinois Insurance Code.

Art.Article IX - Provisions Applicable To All Companies

This text of Illinois § 143.21 (Cancellation of Fire and Extended Coverage Policy - Grounds) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

215 Ill. Comp. Stat. 143.21 (2026).

Text

After a policy of fire and extended coverage insurance, as defined in paragraph (b) of Section 143.13, has been effective for 60 days, or if such policy is a renewal policy, the company shall not exercise its right to cancel except for one or more of the following reasons: a. For nonpayment of premium; b. When a policy was obtained by misrepresentation or fraud; or c. For any act which measurably increases the risk originally accepted.

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After a policy of fire and extended coverage insurance, as defined in paragraph (b) of Section 143.13, has been effective for 60 days, or if such policy is a renewal policy, the company shall not exercise its right to cancel except for one or more of the following reasons: a. For nonpayment of premium; b. When a policy was obtained by misrepresentation or fraud; or c. For any act which measurably increases the risk originally accepted.