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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> NONRENEWAL, TERMINATION AND CANCELLATION ENDORSEMENT <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> This Endorsement is subject to the Declarations, Terms, Conditions And Other Provisions, except as <br /> modified in this Endorsement. <br /> ADDITIONAL CONDITIONS <br /> Nonrenewal <br /> If the "insurance organization" does not renew this Policy, the "insurance organization" shall mail or <br /> deliver to the "insured organization," and to the "insured organization's" agent, written notice of <br /> nonrenewal stating the effective date, and the reason for nonrenewal. The "insurance organization" shall <br /> mail or deliver this notice to the last mailing address known to the "insurance organization" at least 45 <br /> days prior to the end of the "policy period." If this notice is mailed, proof of mailing shall be sufficient <br /> proof of notice. <br /> Termination And Cancellation <br /> 1. This Policy terminates in its entirety upon the expiration of the "policy period." <br /> 2. The "insured organization" may cancel this Policy during the "policy period" by mailing or <br /> delivering written notice of cancellation to the "insurance organization." The unearned premium <br /> shall be refunded less than pro rata if this Policy is canceled as provided in this paragraph. The less <br /> than pro rata premium refund will equal 90% of the pro rata unearned premium. <br /> 3. The "insurance organization" may cancel this Policy during the "policy period" for nonpayment of <br /> premium. If the "insurance organization" cancels this Policy, the "insurance organization" shall mail <br /> or deliver to the "insured organization," and to the "insured organization's" agent,written notice of <br /> cancellation stating the effective date, and the reason for cancellation. The "insurance organization" <br /> shall mail or deliver this notice to the last mailing address known to the "insurance organization." If <br /> this notice is mailed, proof of mailing shall be sufficient proof of notice. Cancellation is effective 15 <br /> days after the "insurance organization" mails or delivers notice of cancellation. Provided, however, <br /> cancellation shall not become effective if the "insured organization" pays the premium amount due <br /> before the effective date of cancellation. <br /> MPL 0003 0713 NC CUMIS Insurance Society, Inc. Page 1 of 1 <br />