§ 27-7-12-4 — Notice of nonrenewal

Indiana § 27-7-12-4

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 7: SPECIAL TYPES OF INSURANCE
• Ch. 12: Termination of Residential Policies

Text

(a) Notice of nonrenewal by an insurer must:
(1) be in writing;
(2) be mailed to the named insured at the last known address of
the named insured;
(3) state the insurer's intention not to renew the policy upon
expiration of the current policy period;
(4) upon request of the named insured, be accompanied by a
written explanation of the specific reasons for the nonrenewal;
and
(5) be mailed to the named insured at least twenty (20) days
before the expiration of the current policy period.
(b) If the policy was procured by an independent insurance producer
licensed in Indiana, the insurer shall mail notice of nonrenewal to the
insurance producer not less than ten (10) days before the insurer mails
the notice to the named insured under subsection (a), unless the
obligation to notify the insurance producer is waived in writing by the
insurance producer.
(c) Notice of nonrenewal under this section is not required if:
(1) the named insured is transferred from an insurer to an affiliate
of the insurer for future coverage; and
(2) the transfer results in the same or broader coverage.
(d) If an insurer mails to an insured a renewal notice, bill,
certificate, or policy indicating the insurer's willingness to renew a
policy and the insured does not respond, the insurer is not required to
mail to the insured notice of intention not to renew.

Legislative History

As added by P.L.203-2001, SEC.10. Amended by P.L.178-2003, SEC.56; P.L.148-2017, SEC.17; P.L.196-2021, SEC.38.