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f. We may, at our option, make an additional premium charge for any organization that you acquire or form during the policy period. 3. Bankruptcy or Insolvency Your or any underlying insurer's bankruptcy, insolvency or inability to pay shall neither relieve nor increase our obligations under this policy. However, under no circumstances will such bankruptcy, insolvency or inability to pay require us to drop down, replace or assume any obligation of underlying insurance. This insurance will apply as if the underlying insurance were in full effect. 4. Cancellation and Nonrenewal a. The first named insured may cancel this policy by mailing or delivering advance written notice to us stating when cancellation is to take effect. b. We may cancel this policy by mailing or delivering to the first named insured written notice of cancellation at least: (1) 10 days before the effective date of cancellation if we cancel for nonpayment of premium; or (2) 30 days before the effective date of cancellation if we cancel for any other reason. We will mail or deliver our notice to the first named insured's last mailing address known to us. c. The policy period will end on the day and hour stated in the cancellation notice. d. If we cancel, final premium will be calculated pro rata based on the time the policy was actually in effect. e. If the first named insured cancels, the premium refund may be less than pro rata and will be subject to the Minimum Retained Premium, if any, shown in the Declarations. f. Premium adjustment will be made at the time of cancellation or as soon as practicable thereafter, but cancellation will be effective even if we have not made or offered any refund of unearned premium. Our check or our representative's check, mailed or delivered, shall be sufficient tender of any refund due. g. If we decide not to renew this policy, we will mail or deliver our written notice of nonrenewal to the first named insured's last mailing address known to us not less than 30 days before the policy expiration date. h. If notice is mailed, proof of mailing will be sufficient proof of notice. 5. Changes This policy may be amended only by a written endorsement to this policy issued by us. 6. Duties in the Event of Occurrence, Claim or Suit a. You must promptly notify us of any occurrence which may result in a claim or suit seeking damages under this policy. To the extent possible, notice should include: (1) How, when and where the occurrence took place; (2) The names and addresses of any injured persons and witnesses; and (3) The nature and location of any injury or damage arising out of the occurrence. Notice of an occurrence is not notice of a claim. LCU 00 01 01 18 ©2017 Liberty Mutual Insurance Page 15 of 24 Includes copyrighted material of Insurance Services Office, Inc., with its permission.