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DocuSign Envelope ID: COE7277A -DF52- 4508- 985D- E6BEFF540E10 <br />2. NONRENEWAL <br />a. If the Company elects not to renew this policy, the Company shall mail by certified mail to the Named Certificate Holder at <br />the address shown in the Certificate of Insurance, and mail to the producer of record, if any, written notice of nonrenewal. <br />The Company may refuse to renew a policy that has been written for a Policy Period of one (1) year or less at the policy's <br />expiration date by mailing written notice of nonrenewal to the Named Certificate Holder at the address shown in the <br />Certificate of Insurance at least forty-five (45) days prior to the expiration date of the policy. The Company may refuse to <br />renew a policy that has been written for a Policy Period of more than one (1) year at the policy anniversary date by mailing <br />written notice of nonrenewal to the Named Certificate Holder at the address shown in the Certificate of Insurance at least <br />forty-five (45) days prior to the anniversary date of the policy. <br />b. The Company must file a plan with the commissioner at least fifteen (15) days before the issuance of a nonrenewal because <br />of loss or reduction of reinsurance. <br />c. If notice is mailed, proof of mailing will be sufficient proof of notice, <br />d. if either one of the following occurs, the company is not required to provide written notice of nonrenewal: <br />(1) The Named Certificate Holder has insurance elsewhere; <br />(2) The Named Certificate Holder has obtained replacement coverage or agreed in writing to do so; or <br />(3) The Named Certificate Holder has requested or agreed to nonrenewal. <br />e. The policy may not be extended to meet nonrenewal notice requirements in a. above. <br />d. The transfer of a policy between companies within the same insurance group or changes in premium, Limit of Liability or <br />coverage are not refusals to renew. <br />3. CONDITIONAL RENEWAL <br />a. If the Company elects to renew this policy and the renewal is subject to the following: <br />(1) reduction in coverage; <br />(2) impose any kind of surcharge; or <br />(3) increase premium rate. <br />b. If the policy being conditionally renewed was written for a Policy Period of one (1) year or less, the renewal terms and <br />statement of premium due must be mailed at least forty -five (45) days before the expiration date of the policy. If the policy <br />being conditionally renewed was written for a Policy Period of more than one (1) year, the renewal terms and statement of <br />premium due must be mailed at least forty-five (45) days before the anniversary date of that policy. The Company shall mail <br />or deliver by certified mail written notice of the changes to the Named Certificate Holder at the address shown in the <br />Certificate of Insurance, and mailed to the producer of record, if any. <br />c. If the Company fails to furnish the conditional renewal terms and statement of premium due in the manner required in b <br />above, the Named Certificate Holder may cancel the renewal policy within the thirty (30) day period following receipt of <br />the conditional renewal terms and statement of premium due. For refund purposes, earned premium for any period of <br />coverage shall be calculated pro -rata upon the premium applicable to the policy being renewed instead of the renewal policy. <br />d. If the Company fails to comply with the forty-five (45) day written notice requirement in b, above, the Named Certificate <br />Holder is entitled to the option of coverage under the policy being renewed and at the same cost of that policy until forty -five <br />(45) days have elapsed after the Company has provided the Named Certificate Holder with the notice. <br />e. if a policy has been issued for a Policy Period longer than one (1) year, and for additional consideration a premium has been <br />guaranteed for the entire Policy Period, it is unlawful for the Company to increase that premium or other policy or coverage <br />provisions less favorable to the Named Certificate Holder during the term of the policy. <br />All other terms, conditions and exclusions of this policy remain unchanged. <br />Signed by: <br />Authorized Representative <br />10/9/2017 <br />Date <br />U -VPI. -128 -A NC (09 / 04) <br />Page 2 of 2 <br />