2022-077-E-IT Dept-PUBLIC LIBRARY ASSOCIATION, a divison of the American Library Association-Digital learning

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DocuSign Envelope ID:24BBAFA9-CD81-4144-ACEF-E9036E703739 The Automatic Extension Period and the purchase of the Optional Extension Period shall not in any way increase the Limit of Liability of the Underwriters. 5. The title of the Cancellation provision in the GENERAL CONDITIONS section is changed to Cancel lation/Nonrenewal. 6. The second paragraph of the Cancellation/Nonrenewal provision in the GENERAL CONDITIONS section is deleted in its entirety and replaced by the following: If this Policy has been in effect for sixty(60) days or less and is not a renewal Policy, the Underwriters may cancel this Policy for any reason. If this Policy has been in effect for more than sixty (60) days, the Underwriters may only cancel this Policy for any of the following reasons: 1. fraud in obtaining coverage; 2. failure to pay premiums when due; 3. increase in hazard within the control of the Insured that would produce a rate increase; 4. loss of the Underwriters' reinsurance covering all or part of the risk covered by the Policy; or 5. the Underwriters are placed in supervision, conservatorship, or receivership and the cancellation is approved or directed by the supervisor, conservator, or receiver. The Underwriters may cancel this Policy by mailing or delivering to the Named Insured written notice stating when, not less than ten (10) days thereafter, such cancellation shall be effective. The notice of cancellation shall state the reason for cancellation. The mailing of such notice shall be sufficient notice and the effective date of cancellation stated in the notice shall become the end of the Policy Period. Delivery of such written notice by the Underwriters shall be equivalent to mailing. The Underwriters shall not cancel this Policy based solely on the fact that the Insured is an elected official. 7. The phrase "; but the premium will be deemed fully earned if any Claim, or any circumstance that could reasonably be the basis for a Claim or Loss, is reported to the Underwriters on or before the date of cancellation" in the third paragraph of the Cancel lation/Nonrenewal provision in the GENERAL CONDITIONS section is deleted. 8. The following is added to the Cancellation/Nonrenewal provision in the GENERAL CONDITIONS section: If the Underwriters decide not to renew this Policy, the Underwriters shall mail or deliver written notice to the Named Insured at the address shown in the Declarations at least sixty (60) days before the end of the Policy Period. The notice of nonrenewal shall state the reason for nonrenewal. If notice of nonrenewal is delivered or mailed later than the 60th day before the date the Policy expires, the Policy's coverage shall remain in effect until the 61st day after the date on which the notice is delivered or mailed. Earned premium for any period of coverage that extends beyond the Policy's expiration date shall be computed pro rata based on the Policy's current rate. If this Policy is so extended, such period of extended coverage shall be part of and not in addition to the Policy Period. The Underwriters shall not refuse to renew this Policy based solely on the fact that the Insured is an elected official. The regulatory requirements set forth in this Amendatory Endorsement shall supersede and take precedence over any provisions of this Policy or any endorsement to this Policy, whenever added, that A01801 TX Page 2 of 3 092019 ed.