Text: HF00462 Text: HF00464 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 515D.4, subsections 1 and 2, Code 1997, 1 2 are amended to read as follows: 1 3 1. A policy shall not be canceled except by notice to the 1 4 insured as provided in this chapter. Notice of cancellation 1 5 of a policy is not effective unless it is based on one or more 1 6 of the following reasons: 1 7 a. Nonpayment of premium. 1 8 b. Nonpayment of dues to an association or organization 1 9 other than an insurance association or organization, where 1 10 payment of dues is a prerequisite to obtaining or continuing 1 11 insurance in force and the dues payment requirement was in 1 12 effect prior to January 1, 1969. 1 13 c. Fraud or material misrepresentation affecting the 1 14 policy or the presentation of a claim. 1 15 d. Violation of terms or conditions of the policy. 1 16 e. Suspension or revocation of the driver's license of the 1 17 named insured or spouse of the named insured during the policy 1 18 term, or if the policy is a renewal, during the policy's term 1 19 or the one hundred eighty days immediately preceding the 1 20 effective date of the renewal. 1 21 2. Coverage under a policy for a person other than the 1 22 named insured or spouse of the named insured shall not be 1 23canceledexcluded except by notice to the insured as provided 1 24 in this chapter.Notice of cancellationExclusion of coverage 1 25 under a policy is not effective unless it is based on one or 1 26 more of the following reasons: 1 27 a.TheAn operator other than the named insured orany1 28operatorspouse of the named insured who either resides in the 1 29 same household or customarily operates an automobile insured 1 30 under the policy has that person's driver's license suspended 1 31 or revoked during the policy term or, if the policy is a 1 32 renewal, during its term or the one hundred eighty days 1 33 immediately preceding its effective date. 1 34 b.TheAn operator other than the named insured orany1 35operatorspouse of the named insured who either resides in the 2 1 same household or customarily operates an automobile insured 2 2 under the policy has during the term of the policy engaged in 2 3 a competitive speed contest while operating an automobile 2 4 insured under the policy. 2 5 c.TheAn operator other than the named insured orany2 6operatorspouse of the named insured who either resides in the 2 7 same household or customarily operates an automobile insured 2 8 under the policy, during the thirty-six months immediately 2 9 preceding the notice of cancellation or nonrenewal, has been 2 10 convicted of or forfeited bail for any of the following: 2 11 (1) Criminal negligence resulting in death, homicide, or 2 12 assault and arising out of the operation of a motor vehicle. 2 13 (2) Operating a motor vehicle while intoxicated or while 2 14 under the influence of a drug. 2 15 (3) A violation of section 321.261. 2 16 EXPLANATION 2 17 This bill amends section 515D.4, relating to the reasons 2 18 for which an automobile insurance policy, or coverage under 2 19 such policy, may be cancelled. 2 20 The bill provides that in addition to the existing reasons, 2 21 a policy may be cancelled if the driver's license of the named 2 22 insured or the spouse of the named insured is suspended or 2 23 revoked during the term of the policy, or if the policy is a 2 24 renewal, during such policy's term or within 180 days 2 25 immediately preceding the effective date of the renewal. 2 26 The bill provides that coverage under a policy may be 2 27 excluded for a person other than the named insured or spouse 2 28 of the named insured for the reasons provided under section 2 29 515D.4, subsection 2. Currently, the section provides that 2 30 coverage under a policy may be cancelled for the named insured 2 31 or any operator residing in the same household or who 2 32 customarily operates an automobile insured under the policy of 2 33 the named insured for the reasons provided under that 2 34 subsection. 2 35 LSB 2283YH 77 3 1 mj/sc/14
Text: HF00462 Text: HF00464 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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