Source: https://vacode.org/38.2-2114/
Timestamp: 2019-07-20 23:55:04
Document Index: 789739411

Matched Legal Cases: ['§ 38', '§ 38', '§ 38', '§ 38', '§ 38', '§ 1681', '§ 38', '§ 38', '§ 38']

Grounds and procedure for termination of policy; contents of notice; review by Commissioner; exceptions; immunity from liability (§ 38.2-2114)—Virginia Decoded - Virginia Decoded
← Previous38.2-2113 Mailing or electronic delivery of notice of cancellation or refusal to renew
Next →38.2-2114.1 Powers of Commission; replacement policies
§ 38.2-2114 Grounds and procedure for termination of policy; . . .
§ 38.2-2114
Grounds and procedure for termination of policy; contents of notice; review by Commissioner; exceptions; immunity from liability
B. No policy or contract written to insure owner-occupied dwellings shall be terminated by an insurer by refusal to renew except at the expiration of the stated policy period or term and unless the insurer or its agent acting on behalf of the insurer mails or delivers to the named insured, at the address stated in the policy, or delivers electronically to the address provided by the named insured, written notice of the insurer’s refusal to renew the policy or contract.
D. Within 10 days of receipt of the notice of termination any insured or his attorney shall be entitled to request in writing to the Commissioner that he review the action of the insurer in terminating a policy or contract written to insure owner-occupied dwellings. Upon receipt of the request, the Commissioner shall promptly initiate a review to determine whether the insurer’s cancellation or refusal to renew complies with the requirements of this section and of § 38.2-2113, if sent by mail or delivered electronically. The policy shall remain in full force and effect during the pendency of the review by the Commissioner except where the cancellation or refusal to renew is for reason of nonpayment of premium, in which case the policy shall terminate as of the date stated in the notice. Where the Commissioner finds from the review that the cancellation or refusal to renew has not complied with the requirements of this section or of § 38.2-2113, if sent by mail or delivered electronically, he shall immediately notify the insurer, the insured, and any other person to whom notice of cancellation or refusal to renew was required to be given by the terms of the policy that the cancellation or refusal to renew is not effective. Nothing in this section authorizes the Commissioner to substitute his judgment as to underwriting for that of the insurer.
10. Lawful occupation, including the military service; however, nothing in this subsection shall require any insurer to renew a policy for an insured where the insured’s occupation has changed so as to increase materially the risk;
11. Credit information contained in a “consumer report,” as defined in the federal Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., bearing on a natural person’s creditworthiness, credit standing or credit capacity. If credit information is used, in part, as the basis for the nonrenewal, such credit information shall be based on a consumer report procured within 120 days from the effective date of the nonrenewal;
14. Any inquiry from an insured about his insurance coverage or policy provisions. For purposes of this subdivision, “inquiry” means a written or oral communication by an insured seeking information regarding coverage or policy provisions that does not notify the insurer of a loss, incident or accident, and that does not provide information indicating an increase in the hazard insured against. An insurer shall not report any inquiry as a claim to a loss history database maintained by a consumer reporting agency or insurance support organization.Nothing in this section prohibits any insurer from setting rates in accordance with relevant actuarial data.
1972, c. 110, § 38.1-371.2; 1975, c. 350; 1978, c. 441; 1983, c. 371; 1986, c. 562; 1990, c. 293; 1995, c. 3; 1996, c. 237; 1998, c. 142; 2003, cc. 543, 553; 2004, c. 300; 2005, c. 872; 2008, cc. 58, 221; 2009, cc. 215, 442; 2013, c. 257.
If you’re reading this for anything important, you should double-check its accuracy—read § 38.2-2114 on the official Code of Virginia website.
§ 38.2-2114.1 Powers of Commission; replacement policies