GroundRules
33-15-1104: Anniversary cancellation -- anniversary rate increases.
Where this section sits in the code
- TITLE 33. INSURANCE AND INSURANCE COMPANIES
- CHAPTER 15. THE INSURANCE CONTRACT
- Part 11. Property or Casualty Insurance -- Premium Changes, Cancellation, and Claim Information
(1) An insurer may issue a policy for a term longer than 1 year or for an indefinite term if the policy contains a clause that allows cancellation by the insurer if the insurer gives notice 45 days prior to an anniversary date.
(2) If a policy has been issued for a term longer than 1 year and for additional premium consideration an annual premium has been guaranteed, the insurer may not increase the annual premium for the term of that policy.
Collected 2026-09-14T04:52:31Z. Source file · JSON