# THE CHUBB COMMERCIAL EXCESS - NEW YORK

## Conditions (continued)

### Audit of Books and Records
We may audit the insured's books and records at any time during the term of this insurance or within 180 days after expiration or termination.

### Bankruptcy or Insolvency
Bankruptcy or insolvency of the insured or the insured's estate will not relieve us of our obligations under this policy.

### Cancellation
1. The first named insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation.
2. a. CANCELLATION OF POLICIES IN EFFECT 60 DAYS OR LESS
   We may cancel this policy by mailing or delivering to the first named insured written notice of cancellation at least:
   (1) 30 days before the effective date of cancellation if we cancel for any reason not included in paragraph 2.a.(2) below.
   (2) 15 days before the effective date of cancellation if we cancel for any of the following reasons:
      (a) Nonpayment of premium;
      (b) Conviction of a crime arising out of acts increasing the hazard insured against;
      (c) Discovery of fraud or material misrepresentation in the obtaining of the policy or in the presentation of a claim;
      (d) After issuance of the policy or after the last renewal date, discovery of any policy condition that substantially and materially increases the hazard insured against, and that occurred subsequent to inception of the current policy period;
      (e) Material physical change in the property insured, occurring after issuance or last annual renewal anniversary date of the policy, that results in the property becoming uninsurable in accordance with our objective, uniformly applied underwriting standards in effect at the time the policy was issued or last renewed; or material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the policy, that causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the policy was issued or last renewed;

Form 07-02-1022 (Ed. 5/94)
Contract
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