(215 ILCS 5/143.21.1) (from Ch. 73, par. 755.21.1)
Sec. 143.21.1. After a policy of fire and extended coverage, as defined in Section 143.13, has been effective or renewed for 5 or more years, the company shall not exercise its right of non-renewal unless:
1. The policy was obtained by misrepresentation or fraud; or
2. The risk originally accepted has measurably increased; or
3. The insured has received 60 days notice of the intention of the company not to renew as provided in Section 143.17.
(Source: P.A. 80-1126.)
Sections: Previous 143.19.1 143.19.2 143.19a 143.19b 143.20 143.20a 143.21 143.21.1 143.21a 143.21b 143.21c 143.22 143.23 143.23a 143.24 Next
Last modified: February 18, 2015