Authority of Producers / Q: If I have been cancelled by my insurance company do I have to go to the Iowa FAIR Plan Association for replacement coverage?

A.  Not necessarily.  It probably depends on the reason for the cancellation.  If you are being cancelled for nonpayment of premium you should be able to get the policy reinstated if you are able to make a premium payment within the grace period provided.  If you are being cancelled for another reason you may or may not be able to get the policy reinstated and/or you may not be able to find replacement coverage through another standard company.  Your best chance of finding similar replacement coverage will be to contact a licensed agent who represents a number of companies.  Your local phonebook and/or online searches are excellent resources for this.

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