TRUE NORTH COMPLIANCE SERVICES (2)

Home Browse Search

ADP0000828 True North Compliance Services,Inc. `�`� WESTFIELD ,A SPECIALTY'" The Insurer is under no obligation to renew this Policy upon its expiration. If the Insurer decides to non-renew this Policy, the Insurer shall mail to the Named Insured written notice stating such intent at least sixty(60)days before the Policy Period expiration date set forth in Item 2 of the Declarations. Such notice shall state the reason for non-renewal. (g) Notice of Cancellation and Non-Renewal The Insurer shall mail or deliver any notice of cancellation or non-renewal in writing to the Named Insured and, if applicable, the Named Insured's agent or broker. Proof of mailing shall be sufficient proof of notice, and proof of delivery shall be treated the same as mailing. B. Alternation,Assignment and Headings No change in, modification of, or assignment of interest under this Policy shall be effective except when made by a written endorsement to this Policy that is issued by the Insurer. The titles and headings to the various Sections, Subsections, and endorsements of this Policy are included solely for ease of reference and do not in any way limit,expand,or otherwise affect the terms and conditions of coverage. C. Mergers and Acquisitions If during the Policy Period the Named Insured undergoes a merger, acquisition,or dissolution, then the Named Insured shall give the Insurer written notice of such change as soon as practicable, but in no event later than the earlier of: (i) sixty(60) days after the effective date of such merger, acquisition, or dissolution; or (2) the end of the Policy Period. In the event of such change,the Insurer shall have the right to adjust the premium or revise coverage,subject to all other terms and conditions of the Policy,and the Named Insured shall accept any premium adjustment or coverage revisions which the Insurer may require. D. Conflicting Statutes Any part of this Policy which is in conflict with the statutes of the state in which this Policy is issued is amended to conform to such statutes. Notwithstanding the foregoing,if there is an inconsistency between a state amendatory endorsement attached to this Policy and any other term or condition of this Policy,the Insurer shall apply,where permitted by law,those terms and conditions either of such state amendatory endorsement or the Policy which are more favorable to the Insured's coverage; provided that,with respect to any time period relating to notice of cancellation or non-renewal,the Insurer shall apply the applicable state law. E. Subrogation In the event of any payment under this Policy,the Insurer shall be subrogated to the extent of such payment to all the Insured's rights of recovery. The Insured shall execute all papers required and shall do everything necessary to secure and preserve such rights, including the execution of such documents necessary to enable the Insurer to effectively bring suit or otherwise pursue subrogation rights in the name of the Insured. Any recoveries by the Insurer of Damages paid under this Policy shall be the sole property of the Insurer. The Insurer hereby waives its rights against any person or entity to the extent that the Named Insured has,prior to a Wrongful Act or Pollution Incident, entered into a written agreement to waive such rights. F. Other Insurance This Policy shall be specifically excess of and shall not contribute with any other valid and collectible insurance (including any insurance under which there is a duty to defend or any project specific insurance),regardless of whether such other insurance is stated to be primary,contributory,excess, contingent or otherwise,unless such other insurance is specifically excess insurance over the limit of liability of this Policy. AEP 00001 O'724 Page 15 of 17 ©2024 Westfield Specialty®.All Rights Reserved. 88114468 25-26 GL-AL-UMB-WC-PL I Sherry Young 1 12/2/2025 6:00:03 AM (PST) I Page 15 of 15