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Illinois Statutes Chapter 215. Insurance §.1 5/143.21.1. Right of non-renewal of fire and extended coverage insurance policy

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 143.21.1. After a policy of fire and extended coverage, as defined in Section 143.13, has been effective or renewed for 5 or more years, the company shall not exercise its right of non-renewal unless:

1. The policy was obtained by misrepresentation or fraud; or

2. The risk originally accepted has measurably increased; or

3. The insured has received 60 days notice of the intention of the company not to renew as provided in Section 143.17.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 215. Insurance §.1 5/143.21.1. Right of non-renewal of fire and extended coverage insurance policy - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-215-insurance/il-st-sect-215-5-143-21-1/

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