# Document Content

**THIS ENDORSEMENT EFFECTIVE MAY 21, 1991**

**FORMS PART OF POLICY NUMBER 531-204473-7**

**ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP.**

**(AS PER UNDERLYING INSURANCE)**

**BY INTERNATIONAL INSURANCE COMPANY**

**(D) DISCOVERY OF AN ACT OR OMISSION OR A VIOLATION OF A POLICY CONDITION THAT, SUBSTANTIALLY, OR MATERIALLY, INCREASES THE HAZARDS INSURED AGAINST;**

**(E) MATERIAL PHYSICAL CHANGES IN THE PROPERTY, OR MATERIAL CHANGES IN THE NATURE AND EXTENT OF THE RISK, WHICH MAKES IT UNINSURABLE IN ACCORDANCE WITH OUR OBJECTIVE UNDERWRITING STANDARDS IN EFFECT WHEN WE:**

**(I) ISSUED THE POLICY; OR**

**(2) LAST VOLUNTARILY RENEWED THE POLICY.**

**(F) A DETERMINATION BY THE SUPERINTENDENT THAT CONTINUATION OF THE PRESENT PREMIUM VOLUME WOULD ENDANGER OUR SOLVENCY OR BE DETRIMENTAL TO THE INTERESTS OF THE PUBLIC, OUR POLICY HOLDERS OR OUR CREDITORS.**

**(G) A DETERMINATION BY THE SUPERINTENDENT THAT THE CONTINUATION OF THE POLICY WOULD PLACE US IN VIOLATION OF ANY LAW.**

**(H) WHEN THE INSURED WILL INTENTIONALLY DESCRIBE THE RISK IN THE INSURANCE PROPOSAL.**

**B. NON-RENEWAL/CONDITIONAL RENEWAL/ALTERNATE RENEWAL:**

1. **AFTER THE POLICY HAS BEEN IN EFFECT FOR SIXTY DAYS, IT WILL BECOME FULLY EFFECTIVE AT THE SAME TERMS, CONDITIONS AND RATES FOR AT LEAST 60 DAYS BUT NOT MORE THAN 180 DAYS FROM THE END OF THE POLICY PERIOD. MAIL, FAX, EMAIL, OR THROUGH YOUR AGENT OR BROKER, A NOTICE ADVISING YOU OF THIS WILL BE SENT.**

**(B) TO COMPLETELY RENEW THE POLICY UNDER DIFFERENT TERMS AND CONDITIONS, OR SUBJECT TO A RATE INCREASE IN EXCESS OF 10%.**

**(C) THAT THE POLICY WILL BE EITHER NON-RENEWED OR CONDITIONALLY RENEWED, AND THAT YOU WILL BE SENT A SECOND NOTICE IN THE FUTURE.**

**PAGE 3 OF 4**

**ENDORSEMENT NO. 5**

**658**

**(110-86)**

**Crum and Forster organizations**