8. Cancellation

This policy may be cancelled by the first named insured by surrender thereof to the company or any of its authorized agents or by mailing to the company written notice stating when thereafter the cancellation shall be effective. The notice required to be filed by the company by mailing to the first named insured at the address shown on the declarations page written notice stating when thereafter, not less than the number of days stated in Item 2 of the declarations, such cancellation shall be effective. The manner of such as aforesaid shall be sufficient proof of cancellation. The time of the surrender or the effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the first named insured or by the company shall be equivalent to mailing.

If the first named insured cancels, earned premium shall be computed in accordance with the customary short rate tables, but the company shall nevertheless be entitled to retain as earned premium any minimum premium stated in Item 3 of the declarations. If the policy is cancelled, earned premium shall be computed per rate. Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

9. Declarations

By acceptance of this policy the first named insured agrees that the statements in the declarations are its agreements and representations, that this policy is issued in reliance upon the truth of such representations, and that it thereby repeals all agreements existing between the first named insured and the company or any of its agents relating to this insurance.