65A.38 POLICY CANCELLATION.
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65A.38 POLICY CANCELLATION.
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Subdivision 1. Reasons.
The Minnesota FAIR plan shall not cancel a policy issued under sections 65A.31 to 65A.42 except:
(1)for cause which would have been grounds for nonacceptance of the risk under the program had the cause been known to the plan at the time of acceptance;
(2)for nonpayment of premium; or
(3)with the approval of the governing board.
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Subd. 2. Notice and statement of reasons.
Except as otherwise required under subdivision 4 or 5, at least 15 days' notice of cancellation together with a statement of the reason therefor shall be sent to the insured with a copy sent to the commissioner.
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Subd. 3. Statement of appeal rights.
Any cancellation notice or notice of refusal to renew to the insured shall be accompanied by a statement that the insured has a right of appeal as hereinafter provided.
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Subd. 4. Homeowner's insurance.
Cancellation of homeowner's insurance, as defined in sections 65A.27 to 65A.29 , is subject to the provisions of those sections.
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Subd. 5. Commercial property insurance.
Cancellation of a commercial property insurance policy issued by the Minnesota FAIR plan must comply with sections 60A.35 to 60A.38 .