Impacts of the hard insurance market continue to reverberate throughout the industry, triggering — among other things — policy non-renewals and cancellations. As an IA&B member, you have access to our state-specific white papers on the topic.
Review the white papers to brush up on carriers’ and insureds’ rights and obligations regarding policy non-renewals and cancellations. The resources also highlight laws and regulations, answer frequently asked questions, and offer E&O considerations.
Keep in mind that if an insured needs to file a complaint to challenge a non-renewal, the laws generally provide for a limited timeframe to do so — sometimes as short as 10 days from receipt of the non-renewal letter.
Questions?
Contact IA&B VP-Advocacy Claire Pantaloni at ClaireP@IABforME.com or 717-918-9202 or IA&B Legal & Corporate Affairs Director Don Bankus at DonB@IABforME.com or 717-918-9204.