# AMENDMENT OF CANCELLATION CONDITION

It is agreed that Condition 14 entitled "Cancellation" is amended to read as follows:

**14. Cancellation:** This policy may be cancelled by the 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. This policy may be cancelled by the company by mailing to the named insured at the address shown in this policy written notice stating when not less than 30 days thereafter such cancellation shall be effective; provided that, if the insured fails to discharge when due any of its obligation in connection with the payment of premium for this policy or any installment thereof whether payable directly to the company or its agent or indirectly under any premium finance plan or extension of credit this policy may be cancelled by the company by mailing to the named insured at the address shown on the policy, written notice stating when not less than ten days thereafter such cancellation shall be effective.

The mailing of notice as aforesaid shall be sufficient proof of notice. The time of 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 named insured or by the company shall be equivalent to mailing.

If the named insured cancels, earned premium shall be computed in accordance with the customary short rate table and procedure. If the company cancels, earned premium shall be computed pro rata. Premium adjustment may be made either at the time of 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.