# THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

## NEW YORK CHANGES - CANCELLATION AND NONRENEWAL

**Section VI - Condition D. Cancellation, Paragraphs 1., 2., 3., and 5. are deleted and the following conditions are added to Section VI - Conditions:**

### CANCELLATION

1. The first Named Insured shown in the Declarations may cancel this entire policy by mailing or delivering to us advance written notice of cancellation.
2. **a. CANCELLATION FOR POLICIES IN EFFECT 60 DAYS OR LESS**
   We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least:
   (1) 30 days before the effective date of cancellation if we cancel for any reason not included in Paragraph (2) below.
   (2) 15 days before the effective date of cancellation if we can for any of the following reasons:
      (a) Non-payment of premium;
      (b) Conviction of a crime arising out of acts increasing the hazard insured against;
      (c) Discovery of fraud or material misrepresentation in the obtaining of the policy or in the presentation of a claim;
      (d) 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 that occurred subsequent to inception of the current policy period;
      (e) Material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the policy, that causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the policy was issued or last renewed;
      (f) Required pursuant to a determination by the Superintendent that continuation of our present premium volume would jeopardize our solvency or be hazardous to the interest of our policyholders, our creditors or the public; or
      (g) A determination by the Superintendent that the continuation of the policy would violate, or would place us in violation of, any provision of the Insurance Code.
3. **b. CANCELLATION OF POLICIES IN EFFECT FOR MORE THAN 60 DAYS**
   If this policy has been in effect for more than 60 days, or if this policy is a renewal or continuation of a policy we issued, we may cancel only for any of the reasons listed in Paragraph 2.a.(2) above, provided:
   (1) We mail the first Named Insured written notice at least 15 days before the effective date of cancellation; and
   (2) If we cancel for nonpayment of premium, our notice of cancellation informs the first Named Insured of the amount due.
4. We will mail or deliver our notice, including the reason for cancellation, to the first Named Insured at the address shown in the policy and to the authorized agent or broker.
5. If this policy is cancelled, we will send the first Named Insured any premium refund due. If we cancel, the refund will be pro rata. If the first Named Insured cancels, the refund may be less than pro rata.
   However, when the premium is advanced under a premium finance agreement, the cancellation refund will be pro rata. Under such financed policies, we will be entitled to retain a minimum earned premium of 10% of the total policy premium or $60, whichever is greater. The cancellation will be effective even if we have not made or offered a refund.
The following CONDITIONS are added and supersede any provisions to the contrary;
If one of the reasons for cancellation in Paragraph 2.a.(2) exists, we may cancel this entire policy, even if the reason for cancellation pertains only to a new coverage or endorsement initially effective subsequent to the original issuance of this policy.

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