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;

9. if this policy provides motor vehicle coverage, the suspension or revocation during the required policy period of the driver's license of any person who continues to operate a motor vehicle insured under this policy, except for suspensions issued pursuant to subdivision 1. of section 510-b of the Vehicle and Traffic Law or one or more administrative suspensions arising from the same incident which has or have been terminated prior to the effective date of cancellation;

10. if this policy provides professional liability insurance, revocation or suspension of the Insured’s license to practice his or her profession or, if the Insured is a hospital, revocation or suspension of a valid operating certificate under the Public Health Law, or

11. if this policy provides excess liability insurance, the cancellation of one or more of the underlying policies providing primary or intermediate coverage, where such cancellation is based upon any one or more of the reasons listed above and such policies are not replaced without lapse.

D. If the Company cancels this policy pursuant to subsection C. 8. above, the notice of cancellation shall be provided simultaneously to the Insurance Department. It shall inform the Named Insured that the Named Insured must act within ten (10) days of receipt of the notice if it desires that the Insurance Department review the reason for cancellation.

Upon written request of the Named Insured to the Department for such review, the Department shall undertake a review of the reason for cancellation to determine whether the Company has satisfied the criteria for cancellation. If, after such review, the Department finds no sufficient cause for cancellation for the reason, the notice of cancellation shall be deemed null and void.

E. Every notice of cancellation issued by the Company shall specify the grounds for cancellation and shall contain, where applicable, a reference to the pertinent paragraph or subparagraph of subsection C. above.

F. If the policy is cancelled by the Named Insured, the Company shall retain the customary short rate proportion of the premium. If the policy is cancelled by the Company, earned premium shall be computed pro rata. Premium adjustment may be made at the time cancellation is effected or as soon as practicable thereafter.

II. Premium Increase During The Policy Period

If this policy has been in effect for sixty (60) days or more or is a renewal, the Company may increase the premium for the term of the policy only:

A. if such increase is due to and commensurate with insured value added, subsequent to issuance or the last renewal date, pursuant to the policy or at the Named Insured’s request; or

B. if, in lieu of cancellation, such premium increase is based upon one or more of the reasons for cancellation set forth in subsections C. 4. or C. 5. above.

III. Nonrenewal

A. If the Company elects not to renew this policy, the Company shall mail or deliver to the first Named Insured, at the address shown in the policy, and to such Insured’s authorized agent or broker, written notice of nonrenewal at least sixty (60) days, but not more than one hundred twenty (120) days, in advance of the expiration date of the policy.

B. The notice of nonrenewal shall set forth or be accompanied by the reason or reasons for nonrenewal.

IV. Conditional Renewal

A. The Company may elect to condition its renewal of the policy upon: