§ 4712. Notice of cancellation
(a) No notice of cancellation of a policy to which section 4711 of this title applies shall be effective unless mailed or delivered by the insurer to the named insured at least 45 days prior to the effective date of cancellation, provided, that where cancellation is for nonpayment of premium, at least 15 days’ notice of cancellation shall be given.
(b) In all instances, the reason or reasons for cancellation shall accompany or be included in the notice of cancellation. An insurer shall not be held liable in any claim or suit for damages arising solely from the insurer’s compliance with the requirement that the reason for cancellation be specified.
(c) The Commissioner shall have the authority to waive any provision of subsection (a) or (b) of this section upon the written request of an insurer specifying the reasons therefor.
(d) This section shall not apply to nonrenewal. (Added 1985, No. 265 (Adj. Sess.), § 3.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 128 - Property and Casualty Insurance Rate Regulation
§ 4686. Rating methods or criteria
§ 4688. Filing of rates and other rating information
§ 4689. Approval or disapproval of rates
§ 4690. Licensing, operation, services, and activities of advisory or service organizations
§ 4691. Filing of records and reports; exchange of information
§ 4692. Joint underwriting; pool and residual market activities
§ 4694. Residual market mechanism status
§ 4696. Mandatory market participation
§ 4702. Monitoring competition
§ 4703. Information and monitoring costs
§ 4704. Information to be furnished insureds; aggrieved persons
§ 4704a. Rerating after use of erroneous credit information
§ 4711. Cancellation of commercial risk insurance