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DocuSign Envelope ID: F5511177-C872-4A51-857D-ODBA876A68E9 <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: 10/16/2019 <br /> Date <br /> Authorized Representative <br /> U-VPL-128-A-NC(09/04) <br /> Page 2 of 2 <br />