# IOWA CHANGES – CANCELLATION AND NONRENEWAL

This endorsement modifies insurance provided under the following:

- CAPITAL ASSETS PROGRAM (OUTPUT POLICY) COVERAGE PART
- COMMERCIAL AUTOMOBILE COVERAGE PART
- COMMERCIAL GENERAL LIABILITY COVERAGE PART
- COMMERCIAL INLAND MARINE COVERAGE PART
- COMMERCIAL PROPERTY COVERAGE PART
- CRIME AND FIDELITY COVERAGE PART
- EMPLOYMENT-RELATED PRACTICES LIABILITY COVERAGE PART
- EQUIPMENT BREAKDOWN COVERAGE PART
- FARM COVERAGE PART
- MEDICAL PROFESSIONAL LIABILITY COVERAGE PART
- POLLUTION LIABILITY COVERAGE PART
- PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

## A. The Cancellation Common Policy Condition is replaced by the following: CANCELLATION

1. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation.
2. **Cancellation Requirements**
   - We may cancel this policy, by mailing or delivering to the first Named Insured and any loss payee written notice of cancellation at least:
     1. 30 days before the effective date of cancellation if we cancel due to loss of reinsurance coverage;
     2. 10 days before the effective date of cancellation if we cancel for any other reason.
   - If this policy is a new policy and has been in effect for less than 60 days, we may cancel for:
     1. Loss of reinsurance, subject to d. below; or
     2. Any other reason.

## c. If this policy has been in effect for 60 days or more, or is a renewal of a policy we issued, we may cancel only for one or more of the following reasons:
1. Nonpayment of premium;
2. Misrepresentation or fraud made by or with your knowledge in obtaining the policy, when renewing the policy, or in presenting a claim under the policy;
3. Acts or omissions by you that substantially change or increase the risk insured;
4. Determination by the Commissioner that the continuation of the policy would jeopardize our solvency or would place us in violation of the insurance laws of this or any other state;
5. You have acted in a manner which you knew or should have known was in violation or breach of a policy term or condition; or
6. Loss of reinsurance, subject to d. below.
d. We may cancel due to loss of reinsurance which provides coverage to us for a significant portion of the underlying risk insured, but only if the Commissioner determines that such cancellation is justified.