# Endorsement New York Cancellation (continued)

6. a material change in the nature or extent of the risk:
   a. occurring after 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 Insurance that the 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 Insurance that the continuation of the policy would violate, or would place the company in violation of, any provision of the Insurance Code; or

9. where we have reason to believe, in good faith and with sufficient cause, that there is a probable risk or danger that you will destroy, or permit to be destroyed, the insured property for the purpose of collecting the insurance proceeds; or

10. with respect to an excess or umbrella policy, an insurer may cancel (in addition to reasons 1 through 9) when:
   a. one or more of the underlying policies has been cancelled for either reason 1, 2 or 3 listed above; and
   b. such policy or policies referenced in a. above have not been renewed without lapse.

**CANCELLATION BY US OF POLICIES IN EFFECT FOR MORE THAN 60 DAYS**

If this policy:
- has been in effect for more than 60 days; or
- is a renewal or continuation of a policy we issued;
we may cancel the policy only for any reasons listed in paragraph B. above provided a written notice stating the reason for cancellation is mailed or delivered to the first named insured at the address shown in the policy, and the authorized agent or broker, if any, at least 15 days before the effective date of cancellation.

**Endorsement New York Cancellation When We Do Not Renew**

If we decide not to renew this policy, we will send notice as provided in the NOTICE OF NONRENEWAL AND CONDITIONAL RENEWAL provision below, along with the reason for nonrenewal.

**CONDITIONAL RENEWAL**

If the company conditions renewal of this policy upon:
A. change of limits;
B. change in type of coverage;
C. reduction of coverage;
D. increased deductible;
E. addition of exclusion; or

**Reference Copy**
New York – Cancellation
Form 07-02-1305 (Rev. 11/04) Endorsement
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