# New Mexico Changes – Cancellation and Nonrenewal

This endorsement changes the policy. Please read it carefully.

## New Mexico Changes – Cancellation and Nonrenewal

This endorsement modifies insurance provided under the following:

- Capital Assets Program (Output Policy) 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
- Liquor Liability Coverage Part
- Medical Professional Liability Coverage Part
- Pollution Liability Coverage Part
- Products/Completed Operations Liability Coverage Part

### Permissible Reasons And Notice Period

1. If this policy is in effect less than 60 days, we may cancel for any reason by mailing or delivering to the first Named Insured written notice of cancellation at least 10 days before the effective date of cancellation.
2. If this policy is in effect 60 days or more, we may cancel only for one or more of the following reasons:
   - (1) Nonpayment of premium.
   - (2) There has been a substantial change in the risk assumed by us since the policy was issued.
   - (3) The policy was obtained through material misrepresentation, fraudulent statements, omissions or concealment of fact material to the acceptance of the risk or to the hazard assumed by us.
   - (4) Wilful and negligent acts or omission by the insured have substantially increased the hazards insured against.
   - (5) You presented a claim based on fraud or material misrepresentation.

The written notice will state the reason for cancellation, except that such statement may be omitted from a notice mailed to an additional insured or lienholder under this policy.

### Nonrenewal

If we decide not to renew this policy, we will mail or deliver to the first Named Insured written notice of nonrenewal not less than 30 days before the expiration date of the policy.