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DocuSign Envelope ID:4BD3AF05-8D53-4AE5-83F5-70D042544F7F <br /> CNA Real Estate Professionals <br /> Errors and Omissions Policy <br /> INSURED: Shackelford &Associates, LLC <br /> Policy: RFB-592288154-18 Effective: 08/31/2018 Endorsement Number: 1 <br /> CANCELLATION/NON-RENEWAL ENDORSEMENT— NORTH CAROLINA <br /> Wherever used in this endorsement: 1) Insurer means "we", "us", "our" or the "Company" as those terms are defined <br /> in the policy; and 2) Named Insured means the first person or entity named on the declarations page; and 3) <br /> "Insured(s)" means all persons or entities afforded coverage under the policy. <br /> Any cancellation, non-renewal or termination provision(s) in the policy are deleted in their entirety and replaced with <br /> the following: <br /> CANCELLATION AND NON-RENEWAL <br /> A. CANCELLATION <br /> 1. The Named Insured may cancel the policy at any time. To do so, the Named Insured must return the policy to <br /> the Insurer or any of its authorized representatives, indicating the effective date of cancellation; or provide a <br /> written notice to the Insurer, stating at what future date cancellation is to be effective. <br /> 2. The Insurer may cancel the policy at any time and for any reason within the first sixty(60) days. The Insurer <br /> will mail or deliver written notice of cancellation at least fifteen (15) days prior to the effective date of such <br /> cancellation if cancellation is for non-payment of premium. The Insurer will mail or deliver written notice of <br /> cancellation at least thirty (30)days prior to the effective date of such cancellation for any other reason. <br /> 3. If the policy has been in effect for sixty (60) days or more, it may be canceled only for one of the following <br /> reasons: <br /> a. Non-payment of premium; <br /> b. Material misrepresentation in obtaining the policy, in pursuing a claim, or in renewing the policy; <br /> c. Substantial breaches of contractual duties, conditions or warranties; <br /> d. Increased hazard or material change in the risk; <br /> e. A fraudulent acts by the Insured or the Insured's representatives that materially affects the nature of the <br /> risk; <br /> f. Failure by the Insured to implement reasonable loss control requirements; <br /> g. If the Insurer loses its reinsurance for the risk; <br /> h. Conviction of the Insureds of a crime that increases any hazard insured against; <br /> i. Determination by Commissioner that continuation of the policy would violate North Carolina law; <br /> j. Insured fails to meet requirements of Insurer's charter <br /> The Insurer will mail or deliver written notice of cancellation to the Named Insured at the last address known <br /> to the Insurer, at least thirty(30)days prior to the effective date of such cancellation. If the Insurer cancels for <br /> non-payment of premium, notice of cancellation must be mailed at least fifteen (15)days prior to the effective <br /> date of cancellation. <br /> 4. All notices of cancellation will state the reason for cancellation. <br /> CNA68180NC (6-12) <br /> - 1 - <br /> 1198408-B51095 <br />