West Virginia § 33-20C-2 Cancellation prohibited except for specified reasons; notice

West Virginia Statutes

§ 33-20C-2 — Cancellation prohibited except for specified reasons; notice

West Virginia·Ch. 33 Â INSURANCE·Art. 20C CANCELLATION OR NONRENEWAL OF MALPRACTICE INSURANCE POLICIES

No insurer once having issued or delivered a policy providing malpractice insurance in this state may cancel the policy, except for one or more of the following reasons:

(a)The named insured fails to discharge any of his or her obligations to pay premiums for the policy or any installment of the policy within a reasonable time of the due date;

(b)The policy was obtained through material misrepresentation;

(c)The insured violates any of the material terms and conditions of the policy; or

(d)Reinsurance is unavailable. The insurer shall supply sufficient proof of the unavailability to the commissioner.

(e)Any purported cancellation of a policy providing malpractice insurance attempted in contravention of this section is void.

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No insurer once having issued or delivered a policy providing malpractice insurance in this state may cancel the policy, except for one or more of the following reasons:

(a) The named insured fails to discharge any of his or her obligations to pay premiums for the policy or any installment of the policy within a reasonable time of the due date;

(b) The policy was obtained through material misrepresentation;

(c) The insured violates any of the material terms and conditions of the policy; or

(d) Reinsurance is unavailable. The insurer shall supply sufficient proof of the unavailability to the commissioner.

(e) Any purported cancellation of a policy providing malpractice insurance attempted in contravention of this section is void.

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