New Hampshire Revised Statutes 417-C:1 – Grounds for Cancellation
Current as of: 2023 | Check for updates
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I. A notice of cancellation of a policy, to which N.H. Rev. Stat. § 417-C:2 applies, shall be effective only if it is based on one or more of the following reasons:
(a) Nonpayment of a premium, including nonpayment of any additional premiums due from an audit conducted in accordance with law for the prior policy term; or
(b) Fraud or material misrepresentation affecting the policy or in the presentation of a claim thereunder, or violation of any of the terms or conditions of the policy; or
(c) A change in the risk that substantially increases a hazard insured against after insurance coverage has been issued or renewed.
II. An insurer shall cancel a policy at the specific request of the insured subject to contractual notice provisions not to exceed 10 days.
III. Paragraph I shall not apply to any policy or coverage which has been in effect less than 60 days at the time notice of cancellation is mailed or delivered by the insurer unless it is a renewal policy.
IV. This section shall not apply to nonrenewal.
(a) Nonpayment of a premium, including nonpayment of any additional premiums due from an audit conducted in accordance with law for the prior policy term; or
Terms Used In New Hampshire Revised Statutes 417-C:1
- 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.
(b) Fraud or material misrepresentation affecting the policy or in the presentation of a claim thereunder, or violation of any of the terms or conditions of the policy; or
(c) A change in the risk that substantially increases a hazard insured against after insurance coverage has been issued or renewed.
II. An insurer shall cancel a policy at the specific request of the insured subject to contractual notice provisions not to exceed 10 days.
III. Paragraph I shall not apply to any policy or coverage which has been in effect less than 60 days at the time notice of cancellation is mailed or delivered by the insurer unless it is a renewal policy.
IV. This section shall not apply to nonrenewal.