§ 26.1-40-05 — Nonrenewal - Notice - Statement of reasons - Nonrenewal not to be based on certain facts

fixed expiration date must be considered as if written for successive policy periods or
terms of one year and any termination by an insurer effective on an anniversary date
of the policy is deemed a failure to renew.

5. "Termination" means cancellation or nonrenewal of automobile insurance coverage in
whole or in part. Cancellation occurs during the policy term. Nonrenewal occurs at the
end of the policy term. An insurer's substitution of insurance upon renewal which
results in substantially equivalent coverage is not a termination. The transfer of a
policy between companies within the same insurance holding company system is not a
termination. A renewal with altered terms as provided in subsection 4 is not a
termination.