West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-74 - Nonrenewal Of Property Insurance Policies
Section 114-74-2 - Notice of Cancellation or Nonrenewal

Universal Citation: 114 WV Code of State Rules 114-74-2

Current through Register Vol. XLI, No. 38, September 20, 2024

2.1. All nonrenewal notices issued by insurers pursuant to W. Va. Code § 33-17A-4 a (2005) shall state the specific reason or reasons for refusal to renew and shall advise the insured that nonrenewal of the policy for any reason is subject to a hearing and review by the Insurance Commissioner as provided in W. Va. Code § 33-17A-7 (2005). The notice shall also advise the insured of possible eligibility for coverage through the West Virginia Essential Property Insurance Association or "Fair Plan." The written reason or reasons in a notice of nonrenewal must be sufficiently clear to be understood by a reasonable person; statements such as "underwriting reasons," "claims" or "increase in risk" will not be considered sufficiently clear. Nothing in this rule will prevent the insurer from providing more information in the notice relating to the reason or reasons for nonrenewal than is required by this section.

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