**Page 3 of 6**

**New York Amendatory Endorsement**

**Excess Liability Policy continued**

4) After issuance of the policy or after the last renewal date discovery of an act or omission, or a violation of any policy condition that substantially and materially increases the hazard insured against, and which occurred subsequent to inception of the current policy period;

5) Material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the policy, which causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the policy was issued or last renewed;

6) Required pursuant to a determination by the Superintendent that continuation of the present premium volume of the company would jeopardize the company's solvency or be hazardous to the interest of the company's policyholders, creditors or the public;

7) A determination by the Superintendent that the continuation of the policy would violate, or would place the company in violation of, any provision of the Insurance Code; or

8) if the policy provides professional liability insurance coverage, revocation or suspension of the insured's license to practice his profession or, if the insured is a hospital, it no longer possesses a valid operating certificate under section twenty-eight hundred one - a of the public health law.

2. Cancellation of Policies In Effect For More Than 60 Days

If this policy has been in effect for more than 60 days, or if this policy is a renewal or continuation of a policy issued by us, the policy may be cancelled by us only for reasons listed in paragraph 1.b. above provided a written notice stating the reason for cancellation is mailed or delivered to you at your address shown in this policy, and your authorized agent or broker at least 15 days before the effective date of cancellation.

3. Non-Renewal of This Policy

a.) NONRENEWAL

If we elect not to renew this policy, we shall send notice as provide in paragraph 4. below along with the reason for nonrenewal.