Cancellation of Fire and Extended Coverage Policy - Grounds
215 ILCS 5/143.21
in effect(215 ILCS 5/143.21) (from Ch. 73, par. 755.21) Sec. 143.21. Cancellation of Fire and Extended Coverage Policy - Grounds. After a policy of fire and extended coverage insurance, as defined in paragraph (b) of Section 143.13, has been effective for 60 days, or if such policy is a renewal policy, the company shall not exercise its right to cancel except for one or more of the following reasons: a. For nonpayment of premium; b. When a policy was obtained by misrepresentation or fraud; or c. For any act which measurably increases the risk originally accepted. (Source: P.A. 86-437.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026