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Policy No. EF4CA00561-251 IL 00 17 11 98 COMMON POLICY CONDITIONS All Coverage Parts included in this policy are subject to the following conditions. A. Cancellation b. Give you reports on the conditions we find; 1. The first Named Insured shown in the Declara- and tions may cancel this policy by mailing or deliv- c. Recommend changes. ering to us advance written notice of cancella- 2. We are not obligated to make any inspections, tion. surveys, reports or recommendations and any 2. We may cancel this policy by mailing or deliver- such actions we do undertake relate only to fin- ing to the first Named Insured written notice of surability and the premiums to be charged. We cancellation at least: do not make safety inspections. We do not un- a. 10 days before the effective date of cancella- dertake to perform the duty of any person or tion if we cancel for nonpayment of pre- organization to provide for the health or safety mium; or of workers or the public. And we do not war- rant that conditions: b. 30 days before the effective date of cancella- tion if we cancel for any other reason. a. Are safe or healthful; or 3. We will mail or deliver our notice to the first b. Comply with laws, regulations, codes or Named Insured's last mailing address known to standards. us. 3. Paragraphs 1. and 2. of this condition apply 4. Notice of cancellation will state the effective not only to us, but also to any rating, advisory, date of cancellation. The policy period will end rate service or similar organization which on that date. makes insurance inspections, surveys, reports or recommendations. 5. If this policy is cancelled, we will send the first Named Insured any premium refund due. If we 4. Paragraph 2. of this condition does not apply cancel, the refund will be pro rats. If the first to any inspections, surveys, reports or recom- mendationsNamed Insured cancels, the refund may be less we may make relative to certifica- than pro rats. The cancellation will be effective tion, under state or municipal statutes, ordi- even if we have not made or offered a refund. nances or regulations, of boilers, pressure ves- sels or elevators. 6. If notice is mailed, proof of mailing will be suffi- cient proof of notice. E. Premiums B. Changes The first Named Insured shown in the Declara- tions: This policy contains all the agreements between you and us concerning the insurance afforded. 1. Is responsible for the payment of all premiums; The first Named Insured shown in the Declarations and is authorized to make changes in the terms of this 2. Will be the payee for any return premiums we policy with our consent. This policy's terms can be pay. amended or waived only by endorsement issued F. Transfer Of Your Rights And Duties Under This by us and made a part of this policy. Policy C. Examination Of Your Books And Records Your rights and duties under this policy may not We may examine and audit your books and re- be transferred without our written consent except cords as they relate to this policy at any time dur- in the case of death of an individual named fin- ing the policy period and up to three years after- sured. ward. If you die, your rights and duties will be trans- D. Inspections And Surveys ferred to your legal representative but only while 1. We have the right to: acting within the scope of duties as your legal rep- resentative. Until your legal representative is ap- a. Make inspections and surveys at any time; pointed, anyone having proper temporary custody of your property will have your rights and duties but only with respect to that property. IL 00 17 1198 Copyright, Insurance Services Office, Inc., 1998 Page 1 of 1 ❑ INSURED COPY