# Amendatory Cancellation and Nonrenewal Endorsement

## Commercial Umbrella/Excess Liability
New York

In consideration of the premium charged, it is hereby understood and agreed that the section, subsection or provision in the policy entitled "Cancellation" is deleted in its entirety and replaced by the following:

### I. Cancellation

A. This policy may be cancelled by the first Named Insured by surrender thereof to the Company or by mailing to the Company written notice stating when thereafter such cancellation shall be effective.

B. If this policy has been in effect for less than sixty (60) days and is not a renewal, the Company may cancel this policy by mailing or delivering to the first Named Insured, at the address shown in the policy, and to such Insured's authorized agent or broker, written notice of cancellation at least twenty (20) days before the effective date of cancellation, if cancellation is for any reason other than one listed in subsection C. below.

C. If this policy has been in effect for sixty (60) days or more or is a renewal, the Company may cancel this policy by mailing or delivering to the first Named Insured, at the address shown in the policy, and to such Insured's authorized agent or broker, written notice at least fifteen (15) days before the effective date of cancellation only for one or more of the following reasons:

1. nonpayment of premium;
2. conviction of a crime arising out of acts increasing the hazard insured against;
3. discovery of fraud or material misrepresentation in the obtaining of the policy or in the presentation of a claim thereunder;
4. after issuance of the policy or after the last renewal date, discovery of an act or omission, or a violation of any policy condition, that substantially and materially increases the hazard insured against, and which occurred subsequent to inception of the current policy period;

5. material physical change in the property insured, occurring after the issuance or last annual renewal anniversary date of the policy, which results in the property becoming uninsurable in accordance with the Company's objective, uniformly applied underwriting standards in effect at the time the policy was issued or last renewed; or material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the policy, which causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the policy was issued or last renewed;

6. a determination by the Superintendent that continuation of the present premium volume of the Company would jeopardize the Company's solvency or be hazardous to the interests of the policyholders of the Company, its creditors or the public;

7. a determination by the Superintendent that the continuation of the policy would violate, or would place the Company in violation of, any provision of the New York Insurance Laws;

8. where the Company has reason to believe, in good faith and with sufficient cause, that there is a