Orange County NC Website
Browse       Search
<br /> IL 02 69 09 08 <br /> <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> <br />IL 02 69 09 08 © ISO Properties, Inc., 2007 Page 1 of 2  <br /> <br />NORTH CAROLINA CHANGES – CANCELLATION <br />AND NONRENEWAL <br /> <br />This endorsement modifies insurance provided under the following: <br /> <br />CAPITAL ASSETS PROGRAM (OUTPUT POLICY) COVERAGE PART <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br />COMMERCIAL INLAND MARINE COVERAGE PART <br />COMMERCIAL LIABILITY UMBRELLA COVERAGE PART <br />COMMERCIAL PROPERTY COVERAGE PART <br />CRIME AND FIDELITY COVERAGE PART <br />EMPLOYMENT-RELATED PRACTICES LIABILITY COVERAGE PART <br />EQUIPMENT BREAKDOWN COVERAGE PART <br />FARM COVERAGE PART <br />FARM UMBRELLA LIABILITY POLICY <br />LIQUOR LIABILITY COVERAGE PART <br />MEDICAL PROFESSIONAL LIABILITY COVERAGE PART <br />POLLUTION LIABILITY COVERAGE PART <br />PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART <br /> <br />A. Paragraph 2. of the Cancellation Common Policy <br />Condition is replaced by the following: <br /> 2. Cancellation Requirements <br /> a. Policies In Effect Less Than 60 Days <br />If this policy has been in effect for less than <br />60 days, we may cancel this policy by mail- <br />ing or delivering to the first Named Insured <br />written notice of cancellation at least: <br /> (1) 15 days before the effective date of <br />cancellation if we cancel for nonpay- <br />ment of premium; or <br /> (2) 30 days before the effective date of <br />cancellation if we cancel for any other <br />reason. <br /> b. Policies In Effect More Than 60 Days <br />If this policy has been in effect for 60 days <br />or more, or is a renewal of a policy we is- <br />sued, we may cancel this policy prior to the: <br /> (1) Expiration of the policy term; or <br /> (2) Anniversary date, <br />stated in the policy only for one or more of <br />the following reasons: <br /> (a) Nonpayment of premium; <br /> (b) An act or omission by the insured or <br />his or her representative that consti- <br />tutes material misrepresentation or <br />nondisclosure of a material fact in <br />obtaining this policy, continuing this <br />policy or presenting a claim under <br />this policy; <br /> (c) Increased hazard or material change <br />in the risk assumed that could not <br />have been reasonably contemplated <br />by the parties at the time of assump- <br />tion of the risk; <br /> (d) Substantial breach of contractual <br />duties, conditions or warranties that <br />materially affects the insurability of <br />the risk; <br /> (e) A fraudulent act against us by the <br />insured or his or her representative <br />that materially affects the insurability <br />of the risk; <br /> (f) Willful failure by the insured or his or <br />her representative to institute rea- <br />sonable loss control measures that <br />materially affect the insurability of the <br />risk after written notice by us; <br />DocuSign Envelope ID: 81A61471-345A-47F9-8A2D-36F7929A6637