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Policy Number: Named Insured: Endorsement Number: Endorsement Effective: P100.325.866.2 KFB Management Inc. 18 06/11/2022 Hiscox Insurance Company Inc. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NEW JERSEY CHANGES - CANCELLATION AND NONRENEWAL This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART A. Pursuant to New Jersey law, this policy cannot be (b) Existence of a moral hazard, as cancelled or nonrenewed for any underwriting rea- defined in N.J.A.C. 11:1-20.2(f) as son or guideline which is arbitrary, capricious or follows: unfairly discriminatory or without adequate prior (i) "The risk, danger or probability notice to the insured. The underwriting reasons or that the insured will destroy, or guidelines that an insurer can use to cancel or permit to be destroyed, the in- nonrenew this policy are maintained by the insurer sured property for the purpose of in writing and will be furnished to the insured collecting the insurance and/or the insured's lawful representative upon proceeds. Any change in the cir- written request. cumstances of an insured that This provision shall not apply to any policy which will increase the probability of has been in effect for less than 60 days at the time such a destruction may be consi- notice of cancellation is mailed or delivered, un- dered a'moral hazard"'; and less the policy is a renewal policy. (ii) "The substantial risk, danger or B. Paragraph 2. of the Cancellation Common Policy probability that the character, cir- Condition is replaced by the following: cumstances or personal habits of 2. If this policy has been in effect for less than 60 the insured may increase the days, we may cancel this policy for any reason possibility of loss or liability for subject to the following: which an insurer will be held re- sponsible. Any change in the a. We may cancel this policy by mailing or character or circumstances of an delivering to the first Named Insured and individual, corporate, partnership any person entitled to notice under this pol- or other insured that will increase icy written notice, of cancellation, at least: the probability of such a loss or (1) 10 days before the effective date of liability may be considered a cancellation if we cancel for: 'moral hazard"'. (a) Nonpayment of premium; or IL 02 08 09 07 © ISO Properties, Inc., 2006 ixMd.. �aRPMM&Ave IM. '�� 1Pxa�tann&t Risk MAltd9Cnmt IXnimiNae 1 PvJG 1 VI Y