Insurance Company License Suspension

The vehicle s owner provided false proof of insurance to obtain the registration.

Insurance company license suspension. Your insurer will find out about a license suspension when it pulls your motor vehicle report near renewal time. It s also very likely that your current auto insurance company will cancel or decide not to renew your policy. Depending on the reason for your license suspension maintaining insurance coverage will probably be a requirement of lifting your license suspension and returning to the road. An insurance company can only rate for a lapse or suspension of a driver s license between 12 and 36 months if actuarial evidence and proposed rating rules are submitted to and accepted by fsco.

Reinstating your vehicle registration. The impact of a driver s license suspension on car insurance policy. If you are submitting proof of insurance in order to reinstate your registration first confirm that your insurance company participates in the voluntary online insurance verification process if not you are not eligible to reinstate your registration online. 1500 minimum fine within five years.

If there s ambiguity if there s a lawsuit it will be construed against the maker of the policy which is the insurance company in other words the insurance company would have to prove that whoever was driving a parent a neighbor a friend a roommate knew about the license suspension and still didn t contact the company within 60 days. There are a few different ways to send us your proof of insurance and 14 reinstatement fee in order to reinstate your vehicle registration. Drivers with license suspensions in their history are usually considered to be high risk. Note that a dmv office or call center can t clear a registration suspension.

Financial superintendent commission of ontario. Insurance companies might deny coverage due to the high risk record of the driver. Not all insurance companies are able to provide you with a quote. Either license suspension for one year or a required non refundable insurance policy in force for six months.

Either license suspension for three months or a required nonrefundable insurance policy in force for six months. It could cause policy cancellation non renewal a change in premiums. If the driver s policy is cancelled by the insurance company it may also become difficult to find a new insurer. An sr 22 can be required by your state for such infractions as a dwi a hit and run or.

But if your driver s license has been suspended you re not legally allowed to drive. Make sure to compare. You will also need your insurance documents and a payment method for the 14 reinstatement fee. License suspension until financial proof.