215 ILCS 5/143.21

Current through Public Act 103-1052

Section 215 ILCS 5/143.21 - Cancellation of Fire and Extended Coverage Policy - Grounds

After a policy of fire and extended coverage insurance, as defined in paragraph (b) of Section 143.13, has been effective for 60 days, or if such policy is a renewal policy, the company shall not exercise its right to cancel except for one or more of the following reasons:

a.For nonpayment of premium;

b.When a policy was obtained by misrepresentation or fraud; or

c.For any act which measurably increases the risk originally accepted.

215 ILCS 5/143.21

P.A. 86-437.