Sec. 143.21.1

215 ILCS 5/143.21.1 — under Illinois Insurance Code.

215 ILCS 5/143.21.1

(215 ILCS 5/143.21.1) (from Ch. 73, par. 755.21.1)

Sec. 143.21.1.

After a policy of fire and extended coverage, as defined in Section 143.13, has been effective or renewed for 5 or more years, the company shall not exercise its right of non-renewal unless:

1. The policy was obtained by misrepresentation or fraud; or

2. The risk originally accepted has measurably increased; or

3. The insured has received 60 days notice of the intention of the company not to renew as provided in Section 143.17.

(Source: P.A. 80-1126.)