**fraud or material misrepresentation on the part of the Insured is discovered in obtaining the policy or in presenting a claim;**

**an act, omission or violation of a policy condition on the part of the Insured, taking place after policy issuance or renewal, is discovered that substantially and materially increases the hazards insured against;**

**material physical changes in the property or material changes in the nature and extent of the risk, within the Insured's control, take place after policy issuance or renewal and result in uninsurability;**

**the Superintendent of Insurance determines that continuation of the present premium volume would jeopardize the insurer's solvency or injure the interests of policyholders or the public, or continuing the policy itself would violate the Insurance Law;**

**there is reasonable basis to believe that the Insured intends to destroy the insured property in order to collect the insurance proceeds, provided that the Insured is notified of the right to seek a ruling on this basis from the superintendent.**

c. We will mail or deliver our notice to the Insured's last mailing address known to us.

d. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date.

e. If this policy is cancelled we will send the Insured any premium refund due. If we cancel, the refund will be pro rata. If the Insured cancels, the refund will be based upon the customary short rate table. The cancellation will be effective even if we have not made or offered a refund.

f. If notice is mailed, proof of mailing will be sufficient proof of notice.

11. Nonrenewal

We may nonrenew this policy by mailing or delivering to the first named Insured and to its authorized agent or broker written notice of our intention:

1. to not renew the policy, or
2. to condition the renewal upon stated material changes in terms or conditions.

Such notice shall be given no more than 120 days and not less than 60 days in advance of expiration date.

If, because of lack of underwriting information we are unable to quote renewal, we may issue an Alternative Notice explaining our position, and indicating that a second notice will follow. Coverage will continue until 60 days after the issuance of second notice.