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(2) 30 days before the effective date of cancellation if we cancel for any other reason. b. In the notice of cancellation which is sent to the first Named Insured, we will state the reason for cancellation. C. The following is added to the Cancellation Com- mon Policy Condition: 7. Cancellation Of Policies In Effect For 60 Days Or More a. If this policy has been in effect for 60 days or more, or is a renewal of a policy we is- sued, we may cancel this policy only for one or more of the following reasons: (1) Nonpayment of premium; (2) Existence of a moral hazard, as defined in K.I.A.C. 11:1-20.2(f); (3) Material misrepresentation or nondisclo- sure to us of a material fact at the time of acceptance of the risk; (4) Increased hazard or material change in the risk assumed which we could not have reasonably contemplated at the time of assumption of the risk; (5) Substantial breaches of contractual duties, conditions or warranties that ma- terially affect the nature and/or insurabil- ity of the risk; (6) Lack of cooperation from the insured on loss control matters materially affecting insurability of the risk; (7) Fraudulent acts against us by the in- sured or its representative that material- ly affect the nature of the risk insured; (8) Loss of or reduction in available insur- ance capacity; (9) Material increase in exposure arising out of changes in statutory or case law sub- sequent to the issuance of the insurance contract or any subsequent renewal; (10) Loss of or substantial changes in appli- cable reinsurance; (11) Failure by the insured to comply with any Federal, State or local fire, health, safety or building or construction regula- tion, law or ordinance with respect to an insured risk which substantially increas- es any hazard insured against within 60 days of written notification of a violation of any such law, regulation or ordinance; (12) Failure by the insured to provide rea- sonable and necessary underwriting in- formation to us upon written request therefore and a reasonable opportunity to respond. (13) Agency termination, provided: (a) We document that replacement coverage at comparable rates and terms has been provided to the first Named Insured, and we have in- formed the first Named Insured, in writing, of the right to continue cov- erage with us; or (b) We have informed the first Named Insured, in writing, of the right to con- tinue coverage with us and the first Named Insured has agreed, in writ- ing, to the cancellation or nonrenew- al based on the termination of the first Named Insured's appointed agent. (14) Any other reasons in accordance with our underwriting guidelines for cancella- tion of commercial lines coverage. b. If we cancel this policy based on Paragraph 7.a.(1) or (2) above, we will mail or deliver a written notice, to the first Named Insured and any person entitled to notice under this policy, at least 10 days before the effective date of cancellation. If we cancel this policy for any other reason listed above, we will mail or deliver a written notice to the first Named Insured and any person entitled to notice under this policy, not more than 120 days nor less than 30 days before the effec- tive date of such cancellation. c. In the notice of cancellation which is sent to the first Named Insured, we will state the reason for cancellation. For cancellation due to the nonpayment of premium, the no- tice will state the effect of nonpayment by the due date. Cancellation for nonpayment of premium will not be effective if payment of the amount due is made before the effec- tive date set forth in the notice. d. Notice will be sent to the last mailing ad- dresses known to us, by: (1) Certified mail; or (2) First class mail, if we have obtained from the post office a date stamped proof of mailing showing names and ad- dresses. Page 2 of 3 © ISO Properties, Inc., 2006 .