(I) If this is a professional liability insurance policy, then additionally based on revocation or suspension of the “insured’s” license to practice their profession or, if the “insured” is a hospital, if it no longer possesses a valid operating certificate under applicable public health law for the State of New York;

(J) If this is an “excess liability policy”, then additionally based on cancellation of one or more of the underlying policies providing primary or intermediate coverage, where: such cancellation is based on one or more reason in Subparagraphs (A) – (I); and such policies are not replaced without lapse.

3. We will mail to the first named insured, and to their authorized insurance agent or broker, written notice indicating our intention:

(A) Not to renew this policy;

(B) To condition renewal of the policy upon change of limits, change in type of coverage, reduction of coverage, increased deductible or addition of exclusions or upon increased premiums in excess of ten percent (exclusive of any premium increase generated as a result of increased exposure units or as a result of experience rating, loss rating, or audit);

(C) That the policy will not be renewed or will not be renewed upon the same terms, conditions or rates; such alternative renewal notice must be mailed or delivered on a timely basis and advise the first named insured that a second notice shall be mailed at a later date indicating our intention as specified in Subparagraph (A) or (B) of this Paragraph 3. and that coverage shall continue on the same terms, conditions and rates as expiring, until the later of the expiration date or sixty days after the second notice is mailed or delivered; such alternative renewal notice also shall advise the first named insured of the availability of loss information and that, upon written request, we will furnish such loss information within ten days to the first named insured.

4. Any required notice of nonrenewal or conditional renewal notice (or, in the case of an alternative renewal notice, the second notice) as required by Paragraph 3. shall: contain the specific reason or reasons for nonrenewal or conditional renewal; set forth the amount of any premium increase or, where such amount cannot reasonably be determined as of the time the notice is provided, a reasonable estimate of the premium increase based upon the information available to us at that time; and describe in plain and concise terms the nature of any other proposed changes. The notice shall be mailed or delivered at least sixty, but not more than one hundred twenty, days in advance of the expiration date of the policy, except that for an “excess liability policy” or a policy issued to a “jumbo risk”, the notice shall be mailed or delivered at least thirty, but not more than one hundred twenty, days in advance of the expiration date of the policy. Notice required herein shall be sent by registered, certified or other first class mail. Delivery of written notice shall be equivalent to mailing. Proof of mailing of such notice as aforesaid shall be sufficient proof of notice. The policy period shall terminate at the effective date and hour of cancellation or nonrenewal specified in such notice. No additional notice shall be required, however, in the event that we have provided notice as required, and thereafter the policy is extended for ninety days or less. In addition, no notice shall be required when the named insured, an agent or broker authorized by the named insured, or another insurer of the named insured has mailed or delivered written notice that the policy has been replaced or is no longer desired.

5. In the event that a late conditional renewal notice or a late nonrenewal notice is provided by us prior to the expiration date of the policy, coverage shall remain in effect, at the same terms and conditions of the expiring policy and at the lower of the current rates or the prior period’s rates, until sixty days after such notice is mailed or delivered, except to the extent that, prior thereto, the “insured” has replaced the coverage or elects to cancel, in which event such cancellation shall be on a pro rata premium basis; provided, however, that if the “insured” elects to renew on the basis of the conditional renewal notice, then such terms, conditions and rates shall govern the policy upon expiration of such sixty day period unless such notice was provided at least thirty days prior to the

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