# New York
**Amendatory Endorsement (continued)**

(5) a material physical change in the property insured:
(a) occurring after issuance or last annual renewal anniversary date of the policy and;
(b) which results in the property becoming uninsurable in accordance with the Company's objective and uniformly applied underwriting standards in effect at the time the policy was issued or last renewed;

(6) a material change in the nature or extent of the risk:
(a) occurring after the issuance or last annual renewal anniversary date of the policy; and
(b) 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;

(7) a requirement pursuant to a determination by the Superintendent of Financial Services that continuation of the present premium volume of the Company would jeopardize the Company's solvency or be hazardous to the interest of the Company's policyholders, creditors or the public;

(8) a determination by the Superintendent of Financial Services that the continuation of the policy would violate, or would place the Company in violation of, any provision of the Insurance Code; or

(9) the Company has reason to believe, in good faith and with sufficient cause, that there is a probably risk or danger that the insured will destroy, or permit to be destroyed, the insured property for the purpose of collecting the insurance proceeds, provided, however, that:
(a) a notice of cancellation on this ground shall inform the insured in plain language that the insured must act within ten days if review by the Department of Financial Services of the ground for cancellation is desired pursuant to paragraph (c) of this subparagraph (9);
(b) notice of cancellation on this ground shall be provided simultaneously by the Company to the Department of Financial Services; and
(c) upon written request of the insured made to the Department of Financial Services within ten days from the insured's receipt of notice of cancellation on this ground, the Department of Financial Services shall undertake a review of the ground for cancellation to determine whether or not the Company has satisfied the criteria for cancellation specified in this subparagraph; if after such review the Department of Financial Services finds no sufficient cause for cancellation on this ground, the notice of cancellation on this ground shall be deemed null and void.

## Cancellation By The Company Of Policies In Effect For More Than 60 Days

If this policy:
a. has been in effect for more than 60 days; or

New York Amendatory
Form 07-02-1439 (Rev. 6/13) Endorsement
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