§ 27-5-3.4 - Cancellation or nonrenewal of standard fire insurance policy. - Rhode Island Statutes

SECTION 27-5-3.4

   § 27-5-3.4  Cancellation or nonrenewal ofstandard fire insurance policy. – (a) A company issuing any policy of insurance which is subject to cancellationor nonrenewal by the company shall effect cancellation or nonrenewal by servingthe notice of it provided by the policy. That notice shall be delivered in handto the named insured, or be left at his or her last address as shown by thecompany's records, or, if its records contain no last address, at his or herlast business, residence, or other address known to the company, or beforwarded to that address by first class mail and maintain proof of mailing ofthe notice to the insured by United States Postal Service certificate ofmailing in the ordinary course of the insurer's business, and this proof ofmailing shall be sufficient proof of notice.

   (b) If a policy is made payable to a mortgagee or any personother than the named insured, notice shall be given as provided in subsection(a) of this section to the payee and to the named insured.

   (c) Policies subject to cancellation by the named insuredupon giving notice to the company may be cancelled by serving notice in themanner provided in subsection (a) of this section upon the company or upon itsinsurance producer who issued the policy.