New Hampshire Revised Statutes 417-B:3 – Cancellation Grounds
Current as of: 2023 | Check for updates
|
Other versions
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:
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.
II. Conviction of the named insured of a crime having as one of its necessary elements an act increasing any hazard insured against.
III. Discovery of fraud or material misrepresentation by the named insured in pursuing a claim under the policy.
IV. Discovery of grossly negligent acts or omissions by the insured substantially increasing any of the hazards insured against.
V. Physical changes in the insured property which result in the property becoming uninsurable.
VI. Specific request of the insured.
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.
Terms Used In New Hampshire Revised Statutes 417-B:3
- Conviction: A judgement of guilt against a criminal defendant.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- Fraud: Intentional deception resulting in injury to another.
- insurer: means any insurance company, association, or exchange authorized to issue policies of insurance in the state of New Hampshire. See New Hampshire Revised Statutes 417-B:8
II. Conviction of the named insured of a crime having as one of its necessary elements an act increasing any hazard insured against.
III. Discovery of fraud or material misrepresentation by the named insured in pursuing a claim under the policy.
IV. Discovery of grossly negligent acts or omissions by the insured substantially increasing any of the hazards insured against.
V. Physical changes in the insured property which result in the property becoming uninsurable.
VI. Specific request of the insured.