Nonrenewal of Homeowners Insurance (Department of Commerce)

What this document is

Minnesota Rules Chapter 2880 - Nonrenewal of Homeowners Insurance (Department of Commerce) is a regulation published by Minnesota Office of the Revisor of Statutes (revisor.mn.gov). It is one of the Minnesota documents that insurance license exam questions are written from, including minnesota property & casualty, minnesota personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Minn. R. 2880.0200, item G (Grounds for Nonrenewal; Two or More Losses)

  “If the insured has two or more losses during the experience period, but not to include: (1) losses caused by natural causes including but not limited to lightning, wind, or hail; or (2) losses for which no payment was made by the insurer; or (3) losses for which the insurer recovers 80 percent or...”

• Minn. R. 2880.0200, item C (Grounds for Nonrenewal; Termination of Agency Contract)

  “The termination of an agency contract, except as provided under Minnesota Statutes, section 60A.171, unless the insurer assigns the terminated agent's book of business to another agent. The insurer must transfer the policy to another agent if the insured makes a written request prior to the...”

• Minn. R. 2880.0100, subp. 5, item D (Definitions; Nonrenewal; Transfer of Rating Plans)

  “transfer a named insured from one rating plan to another within the same company, or from one company to another within a group of insurance companies, if the transfer results in a higher premium. A surcharge applied to a premium for a condition which increases the potential for loss, or the...”

• Minn. R. 2880.0200, item E (Grounds for Nonrenewal; Refusal to Eliminate Known Conditions)

  “Refusal of the insured to eliminate known conditions which increase the potential for loss after notification by the insurer that the condition must be removed. Before a nonrenewal notice can be issued under this item, two written requests stating the condition to remove and the reason why the...”

• Minn. R. 2880.0200, item K (Grounds for Nonrenewal; Insured No Longer Owns or Resides at the Property; Spouse Exception)

  “The named insured no longer owns the property or resides at the insured location, unless the spouse resides at the insured location and retains ownership, in which event the spouse will be endorsed onto the policy as the named insured.”

• Minn. R. ch. 2880 (Nonrenewal of Homeowners Insurance), Part 2880.0100, subpart 5 (Nonrenewal)

  “"Nonrenewal" means an action taken by an insurer on an existing policy, at the end of the policy period, to: A. terminate the policy; B. reduce the policy's coverage, unless all the existing policies and those policies to be accepted as new business by the insurer in this state will have the same...”

• Minn. R. ch. 2880 (Nonrenewal of Homeowners Insurance), Part 2880.0200.G (Grounds for nonrenewal)

  “If the insured has two or more losses during the experience period, but not to include: (1) losses caused by natural causes including but not limited to lightning, wind, or hail; or (2) losses for which no payment was made by the insurer; or (3) losses for which the insurer recovers 80 percent or...”

• Minn. R. ch. 2880 (Nonrenewal of Homeowners Insurance), Part 2880.0400 (Nonrenewal notices)

  “A nonrenewal notice must be on a form approved by the Department of Commerce and the following information must be furnished to the insured on the front of the notice: A. The specific reasons for the termination, which if based on loss experience must include the date of the loss, the type of loss,...”

Practice this material

Questions about this source

More Minnesota sources

• Minn. Stat. s. 72A.20: Methods, acts, and practices which are unfair or deceptiveState statute
• Minn. Stat. s. 60K.43: Producer license denial, suspension, revocation, or refusalState statute
• Minn. Stat. s. 60K.31 et seq.: Insurance producer licensingState statute
• Minn. Stat. ss. 61A.03 et seq.: Life insurance policy provisionsState statute
• Minn. Stat. s. 62A.04: Accident and health policy required and optional provisionsState statute
• Minnesota Statutes Chapter 176 - Workers' Compensation (the Minnesota Workers' Compensation Act: coverage, benefits, procedure, rehabilitation, insurance)State statute
• Minnesota Statutes Chapter 45 - Department of Commerce (the commissioner's powers, enforcement, licensing administration and the 45.027 enforcement section)State statute
• Minnesota Statutes Chapter 60A - Insurance in General, first third (Secs. 60A.01 through 60A.11)State statute