Laserfiche WebLink
laws or reQulafinna establishing safety standards, by the Named Certificate Holder mrhis <br />or her representative, which materially increase any of the hsks insured against-, <br />(£) Fai�ure by the Named Certificate Holder or his or her representative to implement <br />neamnmublIe loss control requirements which were agreed bythe insured as a condition of <br />policy issuance or which were conditions precedent to the use by us of a parficular rate or <br />rating p|mn, ifthe failure materially increases any ofthe risks insured against; <br />(6) A detenm�nabon by the commissioner that the loss of, or changes in, our reinsurance <br />covering all or part of the risk would threaten our financial integrity or solvency. A <br />certification made under penalty ofperjury tothe commissioner by one of our officers of <br />the loss of, or change in, reinsurance and that the |oae or change will threaten our <br />financial integrity or solvency if the cancellation of the Certificate of Insurance is not <br />permitted shall constitute such e determination unless disapproved by the commissioner <br />within 3Odays cfthe filing. There shall bemoextension tmthis 3Oday pehod-, <br />(7) A determination by the commissioner that the continuation of the Certificate of Insurance <br />would place us in violation of the |avvm of this state or the state of its domicile or that the <br />continuation cfcoverage would threaten our ao|mency�or <br />(8)Achange bythe Nennod Certificate Holder or his orher representative imthe activities or <br />property of the commercial or industrial enterprise which results in a material added risk, a <br />materiaHy increased risk or a materially changed risk, unless the addmd, inuneaeed, or <br />changed dukisincluded inthe Certificate cfInsurance. <br />If we cancel subjects to Paragraphs c.(1) through c.(8) above, we shall mail by certified mafl <br />to the first Named Certificate Holder at the eddm*na shown in the Certificate of ]nmurance, <br />and mail tothe producer ofrecord, ifany. <br />Written notice of cancellation shall take effect: <br />(i)18days from the date ofmailing for the reasons set forth inParagraph c.(1)and c.(2)| <br />and (i|) 30 days from the date of meUfing for the reasons set forth in Paragraph o.(%) <br />d. If the Certificate of Insurance is canceled by um, the earned premium shall be computed pro -rata. <br />Premium adjustment may be made edthe time cancellation 6s effected oras soon as practicable <br />thereafter. Failure to pay any premium adjustment at, on, or around the time of the effective date of <br />cancellation shall not alter the effectiveness ofcancellation, <br />3. Nonrenewal of the Master Policy <br />sc If we elect not to renew this Master po|icy, we will moil or deliver written notice stating the reason <br />for nonrenewal bzthe Members ofthe Fitness and Wellness Group at the mailing address shown in <br />the R8mmba, Policy Deo|mnationm, and to the producer mfrecord, at least 60 daym, but not more than <br />120 days, before the expiration date. <br />If we fail to provide timely written notice required by the paragraph above, the coverage pro,�%Wd <br />theMembers of the Fitness and Wellness Group shall remain in effect with no change in(gd terms' <br />and conditions, for a period of 60 days. <br />lb. We are not required to send notice of nonrenewal in the following situations. r_�� <br />(1) If the transfer or renewal of a Master Policy, without any changes in terms, conditi <br />rates, iabetween umand emember ofour insurance group. <br />(2) If the Master Policy has been extended for 90 days or less, provided that noti has en <br />� <br />given inaccordance vvkhParagraph 3.u.above � <br />Page of <br />