California Insurance Code

§ 676.2

INS § 676.2 Effective Jan 1, 2023Div. 1 · Part 1 · Ch. 11

Statute text

(a)This section applies only to policies of commercial insurance that are subject to Section 675.5.

(b)After a policy has been in effect for more than 60 days, or if the policy is a renewal, effective immediately, no notice of cancellation shall be effective unless it complies with Section 677.2 and it is based on the occurrence, after the effective date of the policy, of one or more of the following:

(1)Nonpayment of premium, including payment due on a prior policy issued by the insurer and due during the current policy term covering the same risks.

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Legislative history

Amended by Stats. 2022, Ch. 424, Sec. 4. (SB 1242) Effective January 1, 2023.