Insurance 101 – Chapter 3 – Volume 20 – Policy Expiration by Its Terms

Policy Expiration by Its Terms

Most states, like California, limit the ability of an insurer to cancel a policy or to refuse to renew a policy of insurance by admitted insurers. For example, see California Insurance Code Section 678. Failure of an insurer to comply with statutes limiting cancellation or non-renewal may find the insurer providing coverage for a risk it did not know it took
nor a risk it intended to take. Without compliance with the statutory requirements a policy will not expire by its terms regardless of the wording of the policy.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.




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