Laserfiche WebLink
laws orregulations establishing safety standards, bythe Named Certificate Holder orhis <br />or her representative, which materially increase any of the risks insured against; <br />(5) Failure by the Named Certificate Holder or his or her representative to implement <br />reasonable loss control requirements which were agreed by the insured as o condition of <br />policy issuance or which were conditions precedent to the use by us of a particular rate or <br />rating p|mn, if the failure materially increases any of the risks insured againnt <br />(6) A determination by the commissioner that the loss of, or changes in, our reinsurance <br />covering: all or part of the risk would thnmeh*n our fimanc�a| integrity or solvency. A <br />certification made under penalty of perjury to the commissioner by one ofour officers of <br />the loss of, or change in, reinsurance and that the |men or change will threaten our <br />f|nemoim| integrity or solvency if the cancellation of the Certificate of |muunsnue is not <br />permitted shall constitute such m determination unless disapproved bythe commissioner <br />within 3Odays ofthe filing. There shall bemoextension tothis 3Oday period; <br />(7) A determination by the commissioner that the continuation of the Certificate of Insurance <br />would place us in violation of the laws of this state or the state of its domicile or that the <br />continuation cfcoverage would threaten our solvency; mr <br />(B)}\change bythe Named Certificate Holder urhis orher representative in the activities or <br />property of the commercial or industrial enterprise which results in a material added risk, a <br />materially increased risk or a materially changed huk, on|eom the added, [nuneuaed, or <br />changed risk isincluded inthe Certificate ofInsurance. <br />|fwecancel subjects tnParagraphs c.(1)through o.(B)above, weehaIlmail bycertified mail <br />to the first Named Certificate Holder atthe address shown in the Certificate of Insurance, <br />and mail to the producer of record, if any. <br />Written notice of cancellation shall take effect: <br />(i) 1Qdays from the date ofmailing for the reasons set forth inParagraph c.(1)and c.(2); <br />and ([i) 30 days from the date cfmailing for the meeaomm set forth in Paragraph c.(3) <br />through c.(8). <br />d.If the Certificate of Insurance is canceled by us, the earned premium shall becomputed pm-rato. <br />Premium adjustment maybe made atthe bnne cancellation is effected ores 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 of cancellation. <br />3^ NonremoxwmU of the Master Policy <br />a. If we elect not to renew this Master Poicy, we will mail or deliver written notice stating the reason <br />for nmnnenewa| to the Members of the Fitness and Wm|nomm Group at the maiOng address shown in <br />the UNamhar Policy Declarations, and to the producer ofrecord, at [east 00 doys, but not more than <br />128daya. before the expiration date. <br />If we fail to provide timely written notice required by the paragraph above' the coverage provided to <br />the Members of the Fitness and VVe||neoa Group shall remain in effect with no change in its toono <br />and conditions, for aperiod of6Odays. <br />lb. VVeare not required hosend notice ofnonrenewalinthe following situations: <br />(1)|fthe transfer orrenewal ofaMaster Policy, without any changes in terms, conditions or <br />rates, is between us and a member of our insurance group. <br />(2)|fthe Master Policy has been extended for 90days or less, provided that notice has been <br />given bnaccordance with Paragraph 3.m.above �����' <br />�� <br />