515.129B Nonrenewal of personal lines policies or contracts. 1. An insurer shall not refuse to renew a personal lines policy or contract of insurance unless at least thirty days before the end of the policy or contract period the insurer delivers,mails, or electronically transmits to the first named insured, at the last known address ofthe first named insured, written notice of the insurer’s intention not to renew the policyor contract upon expiration of the current policy or contract period as provided in section515.129C. Proof of such mailing, electronic transmission, or delivery to the first namedinsured’s last known address shall be maintained by the insurer. 2. The notice of intention not to renew shall include or be accompanied by a written explanation of the insurer’s specific reason or reasons for the nonrenewal. 3. The transfer of a policy between affiliates of an insurance company shall not be considered a nonrenewal. 2010 Acts, ch 1121, §20Referred to in §515.125, 515.126, 515D.7, 515J.9See §515D.7 Sat Dec 23 00:47:41 2023 Iowa Code 2024, Section 515.129B (20, 0)
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