TURBO DATA SYSTEMS, INC. - Laserfiche WebLink

Home Browse Search

(5) Failure by you or your representative Commercial Property Coverage Part to implement reasonable loss control Farm Coverage Part— Farm Property— Farm requirements, agreed to by you as a condition of policy issuance, or which Dwellings, Appurtenant Structures And were conditions precedent to our use Household Personal Property Coverage Form of a particular rate or rating plan, if a. If such coverage has been in effect for 60 that failure materially increases any days or less, and is not a renewal of of the risks insured against. coverage we previously issued, we may (6) A determination by the Commissioner cancel this coverage for any reason, of Insurance that the: except as provided in b. and c. below. (a) Loss of, or changes in, our b. We may not cancel this policy solely reinsurance covering all or part of because the first Named Insured has: the risk would threaten our financial integrity or solvency; or (1) Accepted an offer of earthquake (b) Continuation of the policy coverage; or coverage would: (2) Cancelled or did not renew a policy (i) Place us in violation of issued by the California Earthquake California law or the laws of Authority (CEA) that included an the state where we are earthquake policy premium domiciled; or surcharge. (ii) Threaten our solvency. However, we shall cancel this policy if the (7) A change by you or your first Named Insured has accepted a new representative in the activities or or renewal policy issued by the CEA that property of the commercial or includes an earthquake policy premium industrial enterprise, which results in surcharge but fails to pay the earthquake a materially added, increased or policy premium surcharge authorized by changed risk, unless the added, the CEA. increased or changed risk is included in the policy. c. We may not cancel such coverage solely because corrosive soil conditions exist on b. We will mail or deliver advance written the premises. This restriction (c.) applies notice of cancellation, stating the reason only if coverage is subject to one of the for cancellation, to the first Named following, which exclude loss or damage Insured, at the mailing address shown in caused by or resulting from corrosive soil the policy, and to the producer of record, conditions: at least: (1) 10 days before the effective date of (1) Commercial Property Coverage Part cancellation if we cancel for — Causes Of Loss—Special Form; or nonpayment of premium or discovery (2) Farm Coverage Part — Causes Of of fraud; or Loss Form — Farm Property, (2) 30 days before the effective date of Paragraph D. Covered Causes Of cancellation if we cancel for any other Loss— Special. reason listed in Paragraph 3.a. d. If a state of emergency under California B. The following provision is added to the Law is declared and the residential Cancellation Common Policy Condition: property is located in any ZIP Code within 7. Residential Property or adjacent to the fire perimeter, as This provision applies to coverage on real determined by California Law, we may property which is used predominantly for not cancel this policy for one year, residential purposes and consisting of not beginning from the date the state of more than four dwelling units, and to emergency is declared, solely because coverage on tenants' household personal the dwelling or other structure is located property in a residential unit, if such coverage in an area in which a wildfire has is written under one of the following: occurred. However, we may cancel: Page 2 of 4 © Insurance Services Office, Inc., 2020 IL 02 70 07 20