2. After the policy has been in effect for sixty days, or on or after the effective date if this policy is a renewal, no notice of cancellation shall become effective until fifteen days after written notice is mailed or delivered to the first named insured at the mailing address shown for them in the Declarations, and to their authorized agent or broker, provided such cancellation is based on one or more of the following:

(A) Nonpayment of premium provided, however, that a notice of cancellation on this ground shall inform the insured of the amount due;

(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 thereunder;

(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 which occurred subsequent to inception of the current policy period;

(E) Material physical change in the property insured, occurring after issuance or last annual renewal anniversary date of the policy, which results in the property becoming uninsurable in accordance with our objective, uniformly applied underwriting standards in effect at the time the policy was issued or last renewed; or material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the policy, 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;

(F) A determination by the Superintendent that continuation of the present premium volume for us would jeopardize our solvency or be hazardous to the interests of our policyholders, creditors or the public;

(G) A determination by the Superintendent that the continuation of the policy would violate, or would place us in violation of, any provision of New York law regarding cancellation, nonrenewal or conditional renewal; or

(H) Where we have reason to believe, in good faith and with sufficient cause, that there is a probable 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:

(i) 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 the ground for