If a policy is scheduled to be assumed by a takeout company, can the Citizens policyholder reject the coverage and remain with Citizens?
Yes. A Citizens policyholder may reject an offer of coverage and remain with Citizens until the end of the assumption period and be eligible for renewal with Citizens assuming all eligibility requirements continue to be met. For more details, please click here to review the Depopulation/Policy Take out FAQs.
Related Questions
- Under that policy, can the policyholder collect damages for defects of which s/he was aware but the title insurance company was not aware?
- If a policy is scheduled to be assumed by a takeout company, can the Citizens policyholder reject the coverage and remain with Citizens?
- Can a Life Insurance Company cancel existing policy if policyholder develops a serious illness after he/she is already insured?
