BIBLIOLABS, LLC - Laserfiche WebLink

Home Browse Search

CNA CNA Paramount Excess and Umbrella Liability Policy Endorsement CANCELLATION / NONRENEWAL ENDORSEMENT - GEORGIA Wherever used in this endorsement: 1) Insurer means "we", "us", "our" or the "Company" as those terms may be defined in the policy; and 2) first Named Insured means the person or entity first named on the declarations page; and 3) "Insureds" means all persons or entities afforded coverage under the policy. Any cancellation, non -renewal or termination provisions in the policy are deleted in their entirety and replaced with the following: CANCELLATION AND NON -RENEWAL I. CANCELLATION, NON -RENEWAL AND CONDITIONAL RENEWAL The first Named Insured may request cancellation of this Policy by: A. Returning this Policy to the Insurer; or B. Giving the Insurer or the Insurer's authorized agent advance notice of cancellation in one or more of the following ways: 1. Orally; 2. Electronically; or 3. Mailing or delivering to the Insurer written notice stating a future date on which the policy is to be canceled. Such cancellation will be accomplished in the following manner: 1. If only the interest of the first Named Insured is affected, the policy shall be canceled effective on the later of the date: 1) the policy is returned to the Insurer; 2) The Insurer receives notice from the first Named Insured; or 3) specified in the notice; provided, however, that upon receipt of a notice of cancellation from the first Named Insured, the Insurer may waive the future date requirement by confirming the date and the time of cancellation to the first Named Insured. 2. If by statute, regulation, or contract the policy may not be canceled unless notice is given to a governmental agency, mortgagee, or other third party, the Insurer will mail or deliver such notice stating the date the cancellation will become effective, but such date will not be less than ten (10) days from the date of mailing or delivery of the notice. 3. In the event of oral cancellation, the Insurer shall within 10 days provide the first Named Insured, electronically or in writing, confirmation of such requested cancellation. 4. The Insurer may require that the first Named Insured provide written, electronic or other recorded verification of the request for cancellation prior to such cancellation taking effect. C. If the policy has been in effect for less than sixty (60) days and is not a renewal the Insurer may cancel the policy for any reason by mailing or delivering written notice to the first Named Insured, at the last mailing address known to the Insurer, at least ten (10) days before the effective date of cancellation. D. If the policy has been in effect for sixty (60) days or more or if it is a renewal, a notice of termination, including a notice of cancellation or non -renewal, by the Insurer, a notice of increase in premiums, other than an increase in premiums due to a change in risk or exposure, including a change in experience modification or resulting from an audit of auditable coverages, which exceeds fifteen percent (15%) of the current policy's premium, or a notice of change in any policy provision which limits or restricts coverage, the Insurer will mail or deliver written notice to the first Named Insured, at the last mailing address known to the Insurer, at least: Form No: CNA62814GA (12-2019) Endorsement Effective Date: Endorsement Expiration Date: Endorsement No: 1; Page: 1 of 2 Underwriting Company: The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 © Copyright CNA All Rights Reserved P P Risk Mwag mendDiAsian P o % o...A 'e'�'�i REVIEWED & APPROVED BY. - Risk Management Analyst