Orange County NC Website
Browse       Search
Lawyers Professional Liability <br />Policy Endorsement <br />Form No: G118039A32 (06-2008)Policy No: 5096501940 <br />Endorsement Effective Date:Endorsement Expiration Date:Policy Effective Date: 09/19/2024 <br />Endorsement No: 4 ; Page: 2 of 3 Policy Page: 24 of 28 <br />Underwriting Company:Continental Casualty Company, 151 N Franklin St, Chicago, IL 60606 <br />© Copyright CNA All Rights Reserved. <br /> <br /> <br />The Company may cancel this Policy by mailing, or by delivery of a written notice of cancellation to <br />the Named Insured at the address last known to the Company. The Company will provide written <br />notice at least: <br />(1) 15 days prior to the effective date of cancellation if the Company cancels this Policy because <br />the Insured has failed to pay a premium; or <br />(2) 30 days prior to the effective date of cancellation if the Company cancels this Policy for any <br />other reason. <br />The time of surrender or the effective date and hour of cancellation stated in the notice shall <br />become the end of the policy period. Delivery of such written notice either by the Named Insured or <br />by the Company shall be equivalent to mailing. <br />Copies of the required notices shall also be sent to the agent or broker of record; however, failure <br />to send copies of the notice to such persons s hall not invalidate the cancellation. <br />d. If the Company cancels for nonpayment of premium, the cancellation will not become effective if <br />the Named Insured pays the premium amount due prior to the effective date of cancellation. <br />e. If the Company cancels this Policy, the earned premium shall be computed pro rata. If the Named <br />Insured cancels this Policy, the Company shall retain the customary short rate proportion of the <br />premium. Premium adjustment may be made either at the time cancellation is effected or as soon as <br />practicable after cancellation becomes effective, but payment or tender of unearned premium is not <br />a condition of cancellation. <br />f. If notice is mailed, proof of mailing will be sufficient proof of notice. <br />2. Nonrenewal <br />a. If the Company elects to nonrenew this Policy, the Company will mail or deliver written notice of <br />nonrenewal to the Named Insured at the address last known to the Company at least 45 days prior <br />to: <br />(1) the expiration of this Policy; or <br />(2) the anniversary date of this Policy if this Policy is written for a term of more than one year or <br />for an indefinite term. <br />Notice will state the effective date of and reasons for nonrenewal. Delivery of such written notice <br />by the Company shall be the equivalent of mailing. <br />b. The Company is not required to provide notice if: <br />(1) the Named Insured has accepted replacement coverage; <br />(2) the Named Insured has requested or agreed not to renew this Policy; or <br />(3) the risk covered under this Policy is insured under any other insurance policy. <br />c. If the Company elects to lower coverage limits or raise deductible or premium rates other than at <br />the request of the Named Insured, the Company shall provide the Named Insured with written <br />notice of such change at least 30 days in advance of the effective date of the ch ange. <br />The written notice of cancellation or nonrenewal will: <br />a. be mailed or delivered to the Named Insured and any designated mortgagee or loss payee at their <br />addresses shown in the Policy or, if not indicated in the Policy, at the Named Insured’s and <br />designated mortgagee’s last known addresses; and <br />b. state the reason or reasons for cancellation or nonrenewal. If notice is mailed, proof of mailing will <br />be sufficient proof of notice. <br />Docusign Envelope ID: D93C5068-8EF6-4BC9-8D5A-4D4FF1A6FBEF