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C. The following is added and supersedes any provisions to (2) The Commissioner of Insurance finds that the the contrary: exposure to potential losses will threaten our Nonrenewal solvency or place us in a hazardous condition. A hazardous condition includes, but is not 1. Subject to the provisions of Paragraphs C.2. and C.3. limited to, a condition in which we make below, if we elect not to renew this policy, we will claims payments for losses resulting from an mail or deliver written notice, stating the reason for earthquake that occurred within the preceding nonrenewal, to the first Named Insured shown in the two years and that required a reduction in Declarations, and to the producer of record, at least 60 policyholder surplus of at least 25% for days, but not more than 120 days, before the payment of those claims; or expiration or anniversary date. (3) We have: We will mail or deliver our notice to the first Named Insured, and to the producer of record, at the mailing (a) Lost or experienced a substantial reduction address shown in the policy. in the availability or scope of reinsurance coverage; or 2. Residential Property (b) Experienced a substantial increase in the This provision applies to coverage on real property premium charged for reinsurance coverage used predominantly for residential purposes and of our residential property insurance consisting of not more than four dwelling units, and policies; and to coverage on tenants' household property contained in a residential unit, if such coverage is written under the Commissioner has approved a plan for the one of the following: nonrenewals that is fair and equitable, and that Commercial Property Coverage Part is responsive to the changes in our reinsurance position. Farm Coverage Part — Farm Property — Farm Dwellings, Appurtenant Structures And Household c. We will not refuse to renew such coverage solely Personal Property Coverage Form because the first Named Insured has cancelled or did not renew a policy, issued by the California a. We may elect not to renew such coverage for any Earthquake Authority, that included an earthquake reason, except as provided in b., c. and d. below. policy premium surcharge. b. We will not refuse to renew such coverage solely d. We will not refuse to renew such coverage solely because the first Named Insured has accepted an because corrosive soil conditions exist on the offer of earthquake coverage. premises. This restriction (d.) applies only if However, the following applies only to insurers coverage is subject to one of the following, which who are associate participating insurers as exclude loss or damage caused by or resulting from established by Cal. Ins. Code Section 10089.16. corrosive soil conditions: We may elect not to renew such coverage after the (1) Commercial Property Coverage Part — Causes first Named Insured has accepted an offer of Of Loss — Special Form; or earthquake coverage, if one or more of the following reasons applies: (2) Farm Coverage Part — Causes Of Loss Form — Farm Property, Paragraph D. Covered Causes (1) The nonrenewal is based on sound Of Loss — Special. underwriting principles that relate to the coverages provided by this policy and that are 3• We are not required to send notice of nonrenewal in consistent with the approved rating plan and the following situations: related documents filed with the Department of a. If the transfer or renewal of a policy, without any Insurance as required by existing law; changes in terms, conditions or rates, is between us and a member of our insurance group. IL 02 70 08 11 © Insurance Services Office,Inc.,2010 Page 3 of 4