Sec. 143.21.1. After a policy of fire and extended coverage, as defined in Section 143.
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/il/chapter-215/act-5/143-21-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.