375.004. Refusal to renew, when authorized.

MISSOURI STATUTES AND CODES

375.004. Refusal to renew, when authorized.

Refusal to renew, when authorized.

375.004. 1. No insurer shall refuse to renew a policyunless the insurer or its agent mails or delivers to the namedinsured, at the address shown in the policy, at least thirtydays' advance notice of its intention not to renew. The noticeshall state the insurer's actual reason for proposing the action,the statement of reason to be sufficiently clear and specific sothat a person of average intelligence can identify the basis forthe insurer's decision without further inquiry. Generalizedterms such as "personal habits", "living conditions", or "poormorals" shall not suffice to meet the requirements of thissubsection. The notice shall also state that the insured may beeligible for insurance through the Missouri basic propertyinsurance inspection and placement program. This section shallnot apply:

(1) If the insurer has manifested its willingness to renew;or

(2) In case of nonpayment of premium; or

(3) If the named insured has indicated he does not wish tohave the policy renewed; or

(4) If the insured fails to pay any advance premium requiredby the insurer for renewal.

2. Renewal of a policy shall not constitute a waiver orestoppel with respect to grounds for cancellation which existedbefore the effective date of the renewal.