SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

  • | print version

HB 1772 Homeowners insurance; policy nonrenewals for claims from other than natural causes.

Introduced by: James H. Dillard-resigned 9/1 | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Homeowners insurance; grounds for nonrenewals. Prohibits an insurer or agent from refusing to renew a homeowner's insurance policy after the homeowner is insured with such insurer for seven years or longer, solely because of a claim resulting primarily from other than natural causes, unless the claim is the result of a substantial increase, subsequent to the date the policy was issued or renewed, in the risk of loss that the insurer assumed under the policy. A substantial increase in risk of loss includes physical changes that result in the property becoming uninsurable, criminal conduct that increases the probability that an insured peril will occur, and reckless acts or omissions that increase the probability that a peril insured against will occur.


FULL TEXT

HISTORY