California Insurance Code 663.5 – (a) No insurer shall fail to renew a policy solely on the basis …
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(a) No insurer shall fail to renew a policy solely on the basis of the age of the insured.
(b) On and after January 1, 2000, no insurer shall fail to renew a policy solely on the grounds that a claim is pending under the policy. This subdivision shall not be construed to limit an insurer’s ability to nonrenew a policy based upon a directive from the commissioner for solvency or other financially related issues. This subdivision shall not be construed to limit an insurer’s right to cancel a policy pursuant to Section 676.
Terms Used In California Insurance Code 663.5
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Policy: means an automobile liability, automobile physical damage, or automobile collision policy, or any combination thereof, delivered or issued for delivery in this state, insuring a single individual or individuals residing in the same household, as named insured, and under which the insured vehicles therein designated are of the following types only:
California Insurance Code 660
- to renew: means to continue coverage with either the insurer which issued the policy or an affiliated insurer, as defined in Section 1215, for an additional policy period upon expiration of the current policy period of a policy, provided that if coverage is continued with an affiliated insurer, it shall be the same or broader coverage as provided by the present insurer, and the insured shall be notified in writing at least 20 days prior to expiration of the current policy period of all of the following:
California Insurance Code 660
(Amended by Stats. 1999, Ch. 313, Sec. 1. Effective January 1, 2000.)