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Commercial Property Coverage Part to the changes in our reinsurance po- Farm Coverage Part — Farm Property — Farm sition. Dwellings, Appurtenant Structures And C. We will not refuse to renew such cover - Household Personal Property Coverage Form age solely because the first Named In- a. We may elect not to renew such cover- sured has cancelled or did not renew a age for any reason, except as provided in policy, issued by the California Earth- b., c. and d, below. quake Authority, that included an earth- b. We will not refuse to renew such cover- quake policy premium surcharge. age solely because the first Named In- d. We will not refuse to renew such cover- sured has accepted an offer of earth- age solely because corrosive soil condi- quake coverage. tions exist on the premises. This restric- However, the following applies only to in- tion (d.) applies only if coverage is sub - surers who are associate participating in- ject to one of the following, which exclude surers as established by Cal. Ins. Code loss or damage caused by or resulting from corrosive soil conditions: Section 10089.16. We may elect not to renew such coverage after the first (1) Commercial Property Coverage Part Named Insured has accepted an offer of — Causes Of Loss — Special Form; or earthquake coverage, if one or more of (2) Farm Coverage Part — Causes Of the following reasons applies: Loss Form — Farm Property, Para- (1) The nonrenewal is based on sound graph D. Covered Causes Of Loss — underwriting principles that relate to Special. the coverages provided by this policy 3. We are not required to send notice of nonre- and that are consistent with the ap- news[ in the following situations: proved rating plan and related docu- a. If the transfer or renewal of a policy, with- ments filed with the Department of Insurance as required by existing law; out any changes in terms, conditions or rates, is between us and a member of our (2) The Commissioner of Insurance finds insurance group. that the exposure to potential losses b. If the policy has been extended for 90 will threaten our solvency or place us days or less, provided that notice has in a hazardous condition. A hazard- been given in accordance with Paragraph ous condition includes, but is not lim- C.1. ited to, a condition in which we make claims payments for losses resulting c. If you have obtained replacement cover - from an earthquake that occurred age, or if the first Named Insured has within the preceding two years and agreed, in writing, within 60 days of the that required a reduction in policy- termination of the policy, to obtain that holder surplus of at least 25% for coverage. payment of those claims; or d. If the policy is for a period of no more (3) We have: than 60 days and you are notified at the (a) Lost or experienced a substantial time of issuance that it will not be re - reduction in the availability or newed. scope of reinsurance coverage; e. If the first Named Insured requests a or change in the terms or conditions or risks (b) Experienced a substantial in- covered by the policy within 60 days of crease in the premium charged the end of the policy period. for reinsurance coverage of our f. If we have made a written offer to the first residential property insurance Named Insured, in accordance with the policies; and timeframes shown in Paragraph CA., to the Commissioner has approved a renew the policy under changed terms or plan for the nonrenewals that is fair conditions or at an increased premium rate, when the increase exceeds 25%. and equitable, and that is responsive IL 02 70 09 12 © Insurance Services Office, Inc., 2012 y RiskManogenentMbim s} REVIEWED&APPROVMBY. RUManagement Analyst 59169903 1 KMLENTE-Cl 1 20-21 Master Certificate I Victor Morales 16/21/2020 3:59A1 PM (POT) I Page 7 of 9