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(2) The Cc)mrnissioner of Insurance finds that However,we may nonrenew. the exposure to potential losses will threaten our solvency or place us in a (1) If willful or grossly negligent acts or hazardous condition. A hazardous omissions by the Named Insured, or his or her representatives, are discovered that condition includes, but is not limited to, a materially increase any of the risks insured oondition 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 25%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 the reduction in the availability or scope of catastrophe-damaged condition of the � 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. VIA are not required to send notice of nonrenewal coverage of our residential property in the following situations: insurance policies;and a. If the transfer or renewal of a policy, without the Commissioner has approved a plan for any changes in terms, conditions or rates, is the nonrenewals that is fair and equitable, between us and a member of our insurance and that is responsive to the changes in group our reinsurance position. b If the policy has been extended for 90 days or d. We will not refuse to renew such coverage less, provided that notice has been given in solely because the first Named Insured has accordance with Paragraph C1. 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 e. 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—Special 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. tirnefran-es shown in Paragraph C.1., to Covered Causes Of Loss--Special. renew the policy under changed terms or conofitions or at an increased premium rate, f. If a state of emergency under California Law is declared and the residential property is when the increase exceeds 25% located in any ZIP Cade within or adjacent to the fire perimeter, as determined by California 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 SaMoes Office, Inc.,2020 IL 02 70 07 20