§ 27-7-12-6 — Grounds for cancellation of policies in effect for more than 60 days

Indiana § 27-7-12-6

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

Text

After coverage has been in effect for more than
sixty (60) days or after the effective date of a renewal policy, a notice
of cancellation shall not be issued unless cancellation is based on at
least one (1) of the following:
(1) Nonpayment of a premium.
(2) Discovery of fraud or material misrepresentation made by or
with the knowledge of the named insured in obtaining the policy,
continuing the policy, or in presenting a claim under the policy.
(3) Discovery of willful or reckless acts or omissions on the part
of the named insured that increase a hazard insured against.
(4) The occurrence of a change in the risk that substantially
increases a hazard insured against after insurance coverage has
been issued or renewed.
(5) A violation of any local fire, health, safety, building, or
construction regulation or ordinance with respect to an insured
property or the occupancy of the property that substantially
increases any hazard insured against.
(6) A determination by the insurance commissioner that the
continuation of the policy would place the insurer in violation of
the insurance laws of Indiana.
(7) Real property taxes owing on the insured property have been
delinquent for two (2) or more years and continue to be
delinquent at the time notice of cancellation is issued.

Legislative History

As added by P.L.203-2001, SEC.10.