Allianz

**issued or last renewed:**

f. Cancellation is required pursuant to a determination by the Superintendent that continuation of our present premium volume would jeopardize our solvency or be hazardous to the interest of our policyholders, our 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 the Insurance Code;

h. Suspension or revocation during the required policy period of the driver's license of any person who continues to operate a covered auto, other than a suspension 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 or cancellation;

i. Cancellation of one or more of the underlying policies providing primary or intermediate coverage where:

(1) Such cancellation is based upon Paragraphs a. through h. above; and

(2) Such policies are not replaced without lapse; or

j. Where we have reason to believe, in good faith and with sufficient cause, that there is a probable risk of danger that the insured will destroy, or permit to be destroyed, the insured property for the purpose of collecting the insurance proceeds. If we cancel for this reason, you may make a written request to the Department of Financial Services, within 10 days of receipt of this notice, to review our cancellation decision. Also, we will simultaneously send a copy of this cancellation notice to the Department of Financial Services.

4. The notice of cancellation will be mailed or delivered to the first named insured at the address shown in the policy and to the authorized agent or broker.

5. Notice of cancellation will state the effective date of cancellation, and if cancellation is for nonpayment of premium, the amount due. The Policy Period will end on the date of cancellation.

6. If this policy is cancelled, we will send the first named insured any premium refund due.

a. If we cancel this policy, the refund will be pro rata.

b. If the first named insured cancels, the refund may be less than pro rata.

c. However, when the premium is advanced under a premium finance agreement, the cancellation refund will be pro rata. Under such financed policies, we will be entitled to retain a minimum earned premium of 10% of the total policy premium or $60, whichever is greater. The cancellation will be effective even if we have not made or offered a refund.

7. Regardless of the number of days this policy has been in effect, if:

a. This policy covers auto subject to the provision of Section 370(a) and (b) of the New York Vehicle and Traffic Law; and

b. The Commissioner of the Department of Motor Vehicles deems this policy to be insufficient for any reason;

we may cancel this policy by giving you notice of such insufficiency forty-five (45) days before the effective date of cancellation to permit you to replace this policy. Notice will include the

AGRL IL NY01 08 19
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