(f) Required pursuant to a determination by the Superintendent that continuation of our present premium volume would jeopardize our solvency or be hazardous to the interest of our policyholders, our creditors or the public; or

(g) A determination by the Superintendent that the continuation of the policy would violate, or would place us in violation of, any provision of the Insurance Code.

b. 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 we issued, we may cancel this policy only for any of the reasons listed in paragraph a. (2) above provided we mail the insured first named in Item 1 of the Declarations Page a notice of cancellation at least 15 days before the effective date of cancellation.

We will mail or deliver our notice including the reason to the insured first named in Item 1 of the Declarations Page at the address shown in the policy and the authorized agent or broker.

2. The following Provisions are added to the policy:

a. NONRENEWAL AND CONDITIONAL RENEWAL

(1) Nonrenewal

If we decide not to renew this policy we will send notice as provided in paragraph c. below along with the reason for nonrenewal.

(2) Conditional Renewal

If we condition renewal of this policy upon:

(a) Change of limits;

(b) Change in type of coverage;

(c) Reduction of coverage;

(d) Increased deductible;

(e) Addition of exclusion;

(f) Increased premiums in excess of 10%, exclusive of any premium increased due to and commensurate with insured value added or increased exposure units; or as a result of experience rating, loss rating, retrospective rating or audit;

CG T9 38 04 90
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