No insurer shall cancel a policy except for one (1) or the other of the of the following specified reasons: (a) Nonpayment of premium; or (b) The driver's license or motor vehicle registration of the named insured has been under suspension or revocation during the policy period; the applicability of this reason to one who either is a resident in the same household or who customarily operates an automobile
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insured under the policy shall be proper reason for the insurer thereafter excluding such individual from coverage under the policy, but not for cancelling the policy. SOURCE: GC § 43528; enacted by P.L. 9-246.