379.845. Cancellation or nonrenewal. - Missouri Statutes

Cancellation or nonrenewal.

379.845. 1. The facility shall not cancel a policy orbinder issued under the program without approval of the governingcommittee except in case of:

(1) Evidence of incendiarism (meaning arson by or at thedirection of the insured); or

(2) For nonpayment of premium; or

(3) Fraud or material misrepresentation; or

(4) A finding by the facility on the basis of satisfactoryevidence that changes in the physical condition of the propertyor other changed conditions make the risk uninsurable.

2. Any notice of cancellation or notice of nonrenewal of apolicy or binder issued under the program, together with astatement of the reason therefor, shall be sent to the insuredand a copy retained by the facility. Any such notice shall besent not less than thirty days prior to the cancellation ornonrenewal of any risk under the program to allow ample time foran application for new coverage to be made and a new policy to bewritten under the program.

3. Any cancellation or nonrenewal notice to the insuredrelating to a policy or binder issued under the program shallcontain the procedures for obtaining an inspection under theprogram and shall be accompanied by a statement that the insuredhas a right of appeal as hereinafter provided.

(L. 1969 H.B. 772 § 379.131, A.L. 1986 S.B. 701)