HERNANDEZ, FELICE S. 2-2014 - Laserfiche WebLink

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Healthcare Professional Liability The Insured and each of its employees shall cooperate with the Company and, upon the Company's request, assist in making settlements, in the conduct of Suits and enforcing any right of contribution or indemnity against any person or organization who may be liable to the Insured because of injury or Ramage with respect to which this insurance is afforded under this policy, and the Insured, and any of its members, partners, officers, directors, stockholders and employees that the Company deems necessary shall attend beatings and trials and assist in securing and giving evidence and obtaining the attendance of witnesses. The Insured shall not, except at the Insured's own cost, voluntarily make any payments, assume any obligations or incur any expense. D. BANKRUPTCY OR INSOLVENCY Bankruptcy or insolvency of the Insured or of the Insured's estate shall not relieve the Company of any of its obligations hereunder. E. CANCELLATION AND NONRENEWAL 1. CANCELLATION This insurance may be canceled on the customary short -rate basis by the Named Insured at any time by written notice or by surrender of this insurance to the Company or its authorized representative and the Company shall refund the paid premium less the earned portion thereof within thirty (30) days of the latter of the effective date of cancellation or the date of delivery of the Insured's notice of intent to cancel, subject always to the retention by the Company of any minimum premium stipulated herein (or proportion thereof previously agreed upon). The earned portion of the premium shall be computed on the customary short -rate basis unless any state law or regulation of the state shown in the mailing address of the Named Insured in the Declarations requires that return premium be computed on a pro -rata basis, even in the event of cancellation by the Named Insured. This insurance may also be canceled, with or without the return or tender of the unearned premium, by the Company or by its authorized representative on its behalf, by sending to the Named Insured, by first- class registered or testified mail, at the Named Insured's address last known to the Company or its authorized agent, not less than ninety (90) days written notice stating the specific reason for such cancellation and when the cancellation shall be effective. In such case, the Company shall refund the paid premium less the earned portion thereof within ten (10) business days after the effective date of cancellation, subject always to the retention by the Company of any minimum premium stipulated herein (or proportion thereof previously agreed upon) in the event of cancellation either by the Company or the Named Insured. In case of nonpayment of premium, only thirty (30) days written notice of cancellation must be given by the Company. Minimum premium shall not apply to the return of unearned premium if cancellation is by the Company. Cancellation by the Company shall only be effective if based on one or more of the following reasons: a. nonpayment of premium; b. the policy was obtained through material misrepresentation that was relied on by the Company, and such policy would not have been issued by the Company under the same terms and conditions if correct information had been disclosed; C. material failure to comply with any policy tern, condition or contractual duty; d. the risk originally accepted has measurably increased; or e. loss by the Company of reinsurance which provided coverage for all or a substantial part of the risk insured. 2. NONRENEWAL 14 HCPL-2037 (Ed. 11/09)