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If this is an audit policy, then, subject to your full cooperation with us or our agent in securing the necessary data for audit, we will return any premium refund due within 90 days of the date cancellation takes effect. If our audit is not completed within this time limitation, then we shall accept your own audit, and any premium refund due shall be mailed within 10 working days of receipt of your audit. The cancellation will be effective even if we have not made or offered a refund. 3. The following is added to Paragraph A. Cancellation: 7. Cancellation For Policies In Effect For More Than 90 Days a. If this Policy has been in effect for more than 90 days, we may cancel this Policy only for one or more of the following reasons: (1) Nonpayment of premium; (2) The Policy was obtained by a material misstatement; (3) In the event of failure to comply, within 90 days after the effective date of coverage, with underwriting requirements established by us before the effective date of coverage; (4) There has been a substantial change in the risk covered by the Policy; (5) The cancellation is for all insureds under such policies for a given class of insureds; (6) On the basis of property insurance claims that are the result of an act of God, if we can demonstrate, by claims frequency or otherwise, that you have failed to take action reasonably necessary as requested by us to prevent recurrence of damage to the insured property; (7) On the basis of a single property insurance claim which is the result of water damage, if we can demonstrate that you have failed to take action reasonably requested by us to prevent a future similar occurrence of damage to the insured property; or (8) The cancellation of some or all of our policies is necessary to protect the best interests of the public or policyholders and such cancellation is approved by the Florida Office of Insurance Regulation. b. If we cancel this Policy for any of these reasons, we will mail or deliver to the first Named Insured written notice of cancellation, accompanied by the specific reasons for cancellation, at least: (1) 10 days before the effective date of cancellation if cancellation is for nonpayment of premium; or (2) 45 days before the effective date of cancellation if: (a) Cancellation is for one or more of the reasons stated in Paragraphs 7.a.(2) through 7.a.(7) above and this Policy does not cover a residential structure or its contents; or (b) Cancellation is based on the reason stated in Paragraph 7.a.(8) above. (3) 120 days before the effective date of cancellation if: (a) Cancellation is for one or more of the reasons stated in Paragraphs 7.a.(2) through 7.a.(7) above; and (b) This Policy covers a residential structure or its contents. c. If this Policy has been in effect for more than 90 days and covers a residential structure or its contents, we may not cancel this Policy based on credit information available in public records. 4. The following paragraphs are added: M. Nonrenewal 1. If we decide not to renew this Policy, we will mail or deliver to the first Named Insured written notice of nonrenewal, accompanied by the specific reason for nonrenewal, at least: a. 45 days prior to the expiration of the Policy if this Policy does not cover a residential structure or its contents, or if nonrene av a is for the reason stated in Paragl`i b. 120 days pri the Policy if residential stn s XWMVWVWWAuWWM y, ReAeiVE0&APmv®Br. Rkk 5A Management Sup ervism Page 4 of 6 © Insurance Services Office, Inc., 2015 BP 03 03 03 16