HARDY & HARPER, INC. (MCFADDEN AVENUE REHABILITATION)

Home Browse Search

(2) The Commissioner of Insurance finds that However, we may nonrenew. the exposure to potential losses will (1) If willful or grossly negligent acts or threaten our solvency or place us in a omissions by the Named Insured, or his or hazardous condition. A hazardous her representatives, are discovered that condition includes, but is not lirnited to, a materially increase any of the risks insured condition in which we make claims against; payments for losses resulting from an earthquake that occurred within the ( )2 If losses unrelated to the postdisaster loss preceding two years and that required a condition of the property have occurred reduction in policyholder surplus of at least that would collectively render the risk 251!°for payment of those claims; or ineligible for renewal; or (3) We have: (3) If there are physical changes in the (a) Lost or experienced a substantial property insured against, beyond thecatastrophe-damaged condition of the reduction in the availability or scope of structures and surface landscape, which reinsurance coverage; or result in the property becoming (b) Experienced a substantial increase in uninsurable, the premium charged for reinsurance 3, We are not required to send notice of nonrenewal coverage of our residential property in the following situations: insurance policies; and the Commissioner has approved a plan for a If the transfer or renewal of a policy, without any charges in terms, conditions or rates, is the nonrenewals that is fair and equitable, and that is responsive to the changes in group. n us and a member of our insurance our reinsurance position. group. b. If the policy has been extended for 90 days or d. We will not refuse to renew such coverage lam, provided that notice has been given in solely because the first Named Insured has accordance with Paragraph C.1. cancelled or did not renew a policy, issued by the California Earthquake Authority, that c. If you have obtained replacement coverage, included an earthquake policy premium or if the first Named Insured has agreed, in surcharge. writing, within 60 days of the termination of a We will not refuse to renew such coverage the policy,to obtain that coverage. solely because corrosive soil conditions exist d. If the policy is for a period of no more than 60 on the premises. This restriction (e.) applies days and you are notified at the time of only if coverage is subject to one of the issuance that it will not be renewed. following, which exclude loss or damage e. If the first Named Insured requests a change caused by or resulting from corrosive soil in the terms or conditions or risks covered by conditions: the policy within 60 days of the end of the (1) Commercial Property Coverage Part — policy period. Causes Of Loss—Sped a] Form; or f. If we have made a written offer to the first (2) Farm Coverage Part — Causes Of Loss Named Insured, in accordance with the Form — Farm Property, Paragraph D. timefrarres shown in Paragraph CA., to Covered Causes Of Loss—Special. renew the policy under changed terms or f. If a state of emergency under Califomia Law conditions or at an increased premium rate, when the increase exceeds 25°/a is declared and the residential property is located in any ZIP Code within or adjacent to the fire perimeter, as determined by Califomia Law, we may not nonrenew this policy for one year, beginning from the date the state of emergency is declared, solely because the dwelling or other structure is located in an area in which a wildfire has occurred. Page 4 of 4 ®Insurance Services Office, Inc., 2020 IL 02 70 07 20