(a) An insurer may not exercise its right to cancel a policy of personal automobile insurance except for the following reasons:
(1) nonpayment of premium; or
(2) the driver's license or motor vehicle registration of either the named insured or of an operator who resides in the same household as the named insured or who customarily operates a motor vehicle insured under the policy has been under suspension or revocation during the policy period or, if the policy is a renewal, during its policy period or the 180 days immediately preceding its effective date; this paragraph does not apply to revocation as described under AS 21.89.027
.
(b) During the policy period, a modification of automobile physical damage coverage, except coverage for loss caused by collision, whereby provision is made for the application of a deductible amount not exceeding $100 is not a cancellation of the coverage or of the policy.
(c) [Repealed, Sec. 47 ch 29 SLA 1987].
(d) This section does not apply to
(1) the failure to renew a policy, except as to coverage in force for less than 12 months;
(2) a policy that 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.
(e) [Repealed, Sec. 47 ch 29 SLA 1987].
(f) An insurer may not exercise its right to cancel a policy of personal insurance other than personal automobile insurance, except for the following reasons:
(1) nonpayment of premiums, including nonpayment of additional premiums, calculated in accordance with the current rating manual of the insurer, justified by a physical change in the insured property or a change in its occupancy or use;
(2) conviction of the insured of a crime having as one of its necessary elements an act increasing a hazard insured against;
(3) discovery of fraud or material misrepresentation made by the insured or a representative of the insured in obtaining the insurance or by the insured in pursuing a claim under the policy;
(4) discovery of a grossly negligent act or omission by the insured that substantially increases the hazards insured against; or
(5) physical changes in the insured property that result in the property becoming uninsurable.
(a) An insurer may not exercise its right to cancel a policy of personal automobile insurance except for the following reasons:
(1) nonpayment of premium; or
(2) the driver's license or motor vehicle registration of either the named insured or of an operator who resides in the same household as the named insured or who customarily operates a motor vehicle insured under the policy has been under suspension or revocation during the policy period or, if the policy is a renewal, during its policy period or the 180 days immediately preceding its effective date; this paragraph does not apply to revocation as described under AS 21.89.027
.
(b) During the policy period, a modification of automobile physical damage coverage, except coverage for loss caused by collision, whereby provision is made for the application of a deductible amount not exceeding $100 is not a cancellation of the coverage or of the policy.
(c) [Repealed, Sec. 47 ch 29 SLA 1987].
(d) This section does not apply to
(1) the failure to renew a policy, except as to coverage in force for less than 12 months;
(2) a policy that 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.
(e) [Repealed, Sec. 47 ch 29 SLA 1987].
(f) An insurer may not exercise its right to cancel a policy of personal insurance other than personal automobile insurance, except for the following reasons:
(1) nonpayment of premiums, including nonpayment of additional premiums, calculated in accordance with the current rating manual of the insurer, justified by a physical change in the insured property or a change in its occupancy or use;
(2) conviction of the insured of a crime having as one of its necessary elements an act increasing a hazard insured against;
(3) discovery of fraud or material misrepresentation made by the insured or a representative of the insured in obtaining the insurance or by the insured in pursuing a claim under the policy;
(4) discovery of a grossly negligent act or omission by the insured that substantially increases the hazards insured against; or
(5) physical changes in the insured property that result in the property becoming uninsurable.
(a) An insurer may not exercise its right to cancel a policy of personal automobile insurance except for the following reasons:
(1) nonpayment of premium; or
(2) the driver's license or motor vehicle registration of either the named insured or of an operator who resides in the same household as the named insured or who customarily operates a motor vehicle insured under the policy has been under suspension or revocation during the policy period or, if the policy is a renewal, during its policy period or the 180 days immediately preceding its effective date; this paragraph does not apply to revocation as described under AS 21.89.027
.
(b) During the policy period, a modification of automobile physical damage coverage, except coverage for loss caused by collision, whereby provision is made for the application of a deductible amount not exceeding $100 is not a cancellation of the coverage or of the policy.
(c) [Repealed, Sec. 47 ch 29 SLA 1987].
(d) This section does not apply to
(1) the failure to renew a policy, except as to coverage in force for less than 12 months;
(2) a policy that 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.
(e) [Repealed, Sec. 47 ch 29 SLA 1987].
(f) An insurer may not exercise its right to cancel a policy of personal insurance other than personal automobile insurance, except for the following reasons:
(1) nonpayment of premiums, including nonpayment of additional premiums, calculated in accordance with the current rating manual of the insurer, justified by a physical change in the insured property or a change in its occupancy or use;
(2) conviction of the insured of a crime having as one of its necessary elements an act increasing a hazard insured against;
(3) discovery of fraud or material misrepresentation made by the insured or a representative of the insured in obtaining the insurance or by the insured in pursuing a claim under the policy;
(4) discovery of a grossly negligent act or omission by the insured that substantially increases the hazards insured against; or
(5) physical changes in the insured property that result in the property becoming uninsurable.
