No insurer, after a policy has been in effect for 90 days, or if a policy is a renewal, effective immediately, shall cancel a policy except for one or more of the following reasons:

1. I. Nonpayment of premium, including nonpayment of any additional premiums, calculated in accordance with the current rating manual of the insurer, justified by a physical change in the insured property or a change in its occupancy or use.
2. II. Conviction of the named insured of a crime having as one of its necessary elements an act increasing any hazard insured against.
3. III. Discovery of fraud or material misrepresentation by the named insured in pursuing a claim under the policy.
4. IV. Discovery of grossly negligent acts or omissions by the insured substantially increasing any of the hazards insured against.
5. V. Physical changes in the insured property which result in the property becoming uninsurable.
6. VI. Specific request of the insured.

Source. 1971, 453:1. 1983, 396:2. 2006, 196:16, eff. July 30, 2006.