Section 431:10C-110.5 - Replacing motor vehicle insurance policy through an insurer's affiliate or subsidiaryAn insurer shall be exempt from provisions governing policy cancellations or nonrenewals in sections 431:10C-111, 431:10C-111.5, and 431:10C-112 if:
(1) The insurer offers to replace the insured's policy through the insurer's affiliate or subsidiary;(2) The replacement policy is effective upon the expiration of the existing policy;(3) The replacement policy provides the same or better coverage, terms, and conditions as the existing policy at a lower premium than the existing policy;(4) The insurer provides at least thirty days written notice of the prospective replacement to the insured; provided that the insured may waive notice pursuant to this paragraph; and(5) The insured accepts the replacement policy.Added by L 2011, c 11, § 1, eff. 4/25/2011.