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        Notice of Non Renewal Letter

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        Notice of Non Renewal Letter

        ABSTRACT

        Insurance companies base their decisions on whom to insure on the law of averages and the law of large numbers. This means that when a certain number of claims have been filed within a particular area or age group, the company may classify that area or group as high-risk. The company generally terminates insurance for everyone in that area or group, regardless of their individual records. Policyholders are informed through written notices that their insurance will not be renewed. If such a termination happens to you, you can appeal the decision either directly to the company president or to the state regulatory agency. Be prepared to show evidence of your good record and the number of claims you ha ....read more

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        DOCUMENT INFO

        • TypeSample
        • PriceFree
        • FormatDOCX
        • Size85.2 KB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 5 years ago
        • Authored-
        • Added byHashdoc Content Review
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