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HOUSTON & HARRIS PCS, INC-2017
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Last modified
4/23/2021 3:40:59 PM
Creation date
3/12/2018 1:12:02 PM
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Contracts
Company Name
HOUSTON & HARRIS PCS, INC
Contract #
A-2017-364
Agency
PUBLIC WORKS
Council Approval Date
12/19/2017
Expiration Date
12/19/2020
Insurance Exp Date
6/24/2021
Destruction Year
2025
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C. The following is added and supersedes any <br />provisions to the contrary: <br />Nonrenewal <br />1. Subject to the provisions of Paragraphs C.2. <br />and C.3. below, if we elect not to renew this <br />policy, we will mail or deliver written notice, <br />stating the reason for nonrenewal, to the first <br />Named Insured shown in the Declarations, and <br />to the producer of record, at least 60 days, but <br />not more than 120 days, before the expiration <br />or anniversary date. <br />We will mail or deliver our notice to the first <br />Named Insured, and to the producer of record, <br />at the mailing address shown in the policy. <br />2. Residential Property <br />This provision applies to coverage on real <br />property used predominantly for residential <br />purposes and consisting of not more than four <br />dwelling units, and to coverage on tenants' <br />household property contained in a residential <br />unit, if such coverage is written under one of <br />the following: <br />Commercial Property Coverage Part <br />Farm Coverage Part — Farm Property — Farm <br />Dwellings, Appurtenant Structures And <br />Household Personal Property Coverage Form <br />a. We may elect not to renew such coverage <br />for any reason, except as provided in b., c. <br />and d. below. <br />b. We will not refuse to renew such coverage <br />solely because the first Named Insured has <br />accepted an offer of earthquake coverage. <br />However, the following applies only to <br />insurers who are associate participating <br />insurers as established by Cal. Ins. Code <br />Section 10089.16. We may elect not to <br />renew such coverage after the first Named <br />Insured has accepted an offer of <br />earthquake coverage, if one or more of the <br />following reasons applies: <br />(1) The nonrenewal is based on sound <br />underwriting principles that relate to the <br />coverages provided by this policy and <br />that are consistent with the approved <br />rating plan and related documents filed <br />with the Department of Insurance as <br />required by existing law; <br />IL 02 70 09 12 © Insurance Services <br />IL 02 70 0912 <br />(2) The Commissioner of Insurance finds <br />that the exposure to potential losses will <br />threaten our solvency or place us in a <br />hazardous condition. A hazardous <br />condition includes, but is not limited to, a <br />condition in which we make claims <br />payments for losses resulting from an <br />earthquake that occurred within the <br />preceding two years and that required a <br />reduction in policyholder surplus of at <br />least 25% for payment of those claims; <br />or <br />(3) We have: <br />(a) Lost or experienced a substantial <br />reduction in the availability or scope <br />of reinsurance coverage; or <br />(b) Experienced a substantial increase <br />in the premium charged for <br />reinsurance coverage of our <br />residential property insurance <br />policies; and <br />the Commissioner has approved a plan <br />for the nonrenewals that is fair and <br />equitable, and that is responsive to the <br />changes in our reinsurance position. <br />c. We will not refuse to renew such coverage <br />solely because the first Named Insured has <br />cancelled or did not renew a policy, issued <br />by the California Earthquake Authority, that <br />included an earthquake policy premium <br />surcharge. <br />d. We will not refuse to renew such coverage <br />solely because corrosive soil conditions <br />exist on the premises. This restriction (d.) <br />applies only if coverage is subject to one of <br />the following, which exclude loss or <br />damage caused by or resulting from <br />corrosive soil conditions: <br />(1) Commercial Property Coverage Part — <br />Causes Of Loss — Special Form; or <br />(2) Farm Coverage Part — Causes Of Loss <br />Form — Farm Property, Paragraph D. <br />Covered Causes Of Loss — Special. <br />3. We are not required to send notice of <br />nonrenewal in the following situations: <br />a. If the transfer or renewal of a policy, without <br />any changes in terms, conditions or rates, <br />is between us and a member of our <br />insurance group. <br />ffREI I_EN &APPROVED 9 <br />Ole It AGEM@NT DiVISiON Page 3 of 4 <br />JU� <br />O& .212020L <br />hKA l;lly t. V�I LA,QI26EALL <br />
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