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 expiration date of the policy, in which event the terms, conditions and rates set forth in the conditional renewal notice shall apply as of the renewal date.

6. Upon written request by the first named insured or their authorized agent or broker, we will mail or deliver the following loss information covering a period as specified by the Superintendent or the period of time that we have provided coverage, whichever is less, within ten days of receiving such request:

(A) Information on closed claims, including date and description of “occurrence”, and any payments;

(B) Information on open claims, including date and description of “occurrence”, and amounts of any payments; and

(C) Information on notice of any “occurrences”, including date and description of “occurrence”.

7. If we cancel this policy, we shall retain the pro rata proportion of the premium hereon.

II. Nothing herein shall be construed to limit the grounds for which we may lawfully rescind this policy or decline to pay a claim under this policy.

III. As used in this endorsement:

“Excess liability policy” means a policy of commercial risk, public entity or professional liability insurance, including a commercial umbrella policy, when written over one or more underlying liability policies that provide with respect to the same risk coverage of at least five hundred thousand dollars in the aggregate.

“Jumbo risk” means a business entity that generates gross revenues exceeding one hundred million dollars annually and that develops an annual liability premium for the policy of at least five hundred thousand dollars, but shall not include any public entity or not-for-profit corporation.

If “insured” is not defined in Section V. DEFINITIONS of this policy, then “insured” shall have the same meaning as provided in the WHO IS AN INSURED Section, including any amendments to that section by endorsement.

All other terms and conditions of this policy remain unchanged.