RSA 417-B:3 · Cancellation Grounds

417-B:3 Cancellation Grounds. – No insurer, after a policy has been in effect for 90 days, or if a policy is a renewal, effective immediately, shall cancel a policy except for one or more of the following reasons:

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I.

Nonpayment of premium, including nonpayment of any additional premiums, calculated in accordance with the current rating manual of the insurer, justified by a physical change in the insured property or a change in its occupancy or use.

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II.

Conviction of the named insured of a crime having as one of its necessary elements an act increasing any hazard insured against.

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III.

Discovery of fraud or material misrepresentation by the named insured in pursuing a claim under the policy.

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IV.

Discovery of grossly negligent acts or omissions by the insured substantially increasing any of the hazards insured against.

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V.

Physical changes in the insured property which result in the property becoming uninsurable.

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VI.

Specific request of the insured. Source. 1971, 453:1. 1983, 396:2. 2006, 196:16, eff. July 30, 2006.

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