§ 4223. Cancellation of automobile insurance
(a) A notice of cancellation of a policy shall be effective only if it is based on one or more of the following reasons:
(1) nonpayment of premium;
(2) fraud or material misrepresentation affecting the policy or in the presentation of a claim under the policy, or violation of any of the terms or conditions of the policy; or
(3) the driver’s license of the named insured or of any operator either resident in the same household or who customarily operates an automobile insured under the policy has been suspended or revoked pursuant to law during the policy period, or, if the policy is a renewal, during its policy period or the 180 days immediately preceding its effective date.
(b) This section 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.
(c) This section shall not apply to nonrenewal. (Added 1971, No. 195 (Adj. Sess.), § 2; amended 2021, No. 105 (Adj. Sess.), § 173, eff. July 1, 2022.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 113 - Liability Insurance and Service Contract Companies
§ 4201. Filing and approval of policies; review
§ 4202. Form and contents of policy
§ 4205. Effect of false statement in application
§ 4206. Acts not constituting waivers
§ 4207. Penalty for unauthorized alterations
§ 4208. Construction of illegal policies
§ 4223. Cancellation of automobile insurance
§ 4224. Notice of cancellation
§ 4228. Required renewals; continuation of agents’ contracts and brokers’ accounts
§ 4241. Vermont Automobile Insurance Plan
§ 4242. General provisions of Plan
§ 4243. Submission and approval of Plan
§ 4244. Commissioner to formulate Plan
§ 4245. Insurers to participate in plan
§ 4246. Insurer or rating organization; conduct of
§ 4249. Proof of financial stability
§ 4251. Consumer disclosure requirements
§ 4252. Obligations of providers and insurers
§ 4255. Penalties; enforcement
§ 4256. Exemption for certain delivery service maintenance and repair contracts