2. the Named Insured replaces the coverage; or

3. the Named Insured elects to cancel the policy, in which case such cancellation shall be on a pro rata basis.

B. If the Company provides a late notice of conditional renewal prior to the expiration date of the policy, the coverage shall remain in effect at the same terms and conditions, and at the lower of the current rates or the prior policy period's rates, for a period of sixty (60) days from the date such late notice is mailed or delivered, subject to the following:

1. if such notice is less than sixty (60) days, but at least thirty (30) days, prior to the expiration date of the policy, and the Named Insured elects to renew the policy, the terms, conditions and rates of the renewal policy shall apply at the renewal date. If the Named Insured elects to replace the coverage or cancel the policy prior to the expiration of the required sixty (60) day notice period, the policy shall be cancelled on a pro rata basis;

2. if such notice is mailed or delivered less than thirty (30) days prior to the expiration date of the policy and the Named Insured elects to renew the policy, the terms and conditions of the expiring policy, and the lower of the current rates or those of the expiring policy, shall continue to apply until the expiration of the required sixty (60) day notice period. At that time, the terms, conditions and rates of the renewal policy shall take effect. If the Named Insured elects to replace the coverage or cancel the policy prior to the expiration of the required sixty (60) day notice period, such policy shall be cancelled on a pro rata basis.

C. If the Company provides a late notice of nonrenewal or a late notice of conditional renewal on or after the expiration date of the policy, coverage shall remain in effect on the same terms and conditions of the expiring policy for another required policy period and at the lower of the current rates or the prior policy period's rates, unless the Named Insured either replaces the coverage or cancels during the sixty (60) day notice period, in which case such cancellation shall be on a pro rata basis.

**VII. Notices of Cancellation, Nonrenewal, Conditional Renewal and Alternative Renewal**

A. Every notice of cancellation, nonrenewal, conditional renewal or alternative renewal mailed or delivered by the Company shall advise the first Named Insured and such Insured's authorized agent or broker of the availability of the following loss information:

1. information on closed claims, including date and description of occurrence, and any payments;
2. information on open claims, including date and description of occurrence, and amounts of any payments; and
3. information on notice of any occurrences, including date and description of occurrence.

B. Within twenty (20) days of receipt of a request from the first Named Insured or the Insured's authorized agent or broker for the above-described information, the Company shall mail or deliver the above-described loss information covering a period of years specified by the Superintendent by regulation or the period of time coverage has been provided by the Company, whichever is less.

C. Every notice of nonrenewal, conditional renewal or alternative renewal shall advise the Named Insured of its rights to coverage and the duration thereof.

D. If notice of cancellation, nonrenewal, conditional renewal or alternative renewal is mailed, proof of mailing shall be sufficient proof of notice. Delivery of such written notice shall be equivalent to mailing.