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Conditions <br /> Nonrenewai B. This provision applies to coverage on real property which is used predominantly for <br /> (continued) residential purposes and consisting of not more than four dwelling units,and to coverage on <br /> tenants'household personal property in a residential unit,if such coverage is written under <br /> this policy: <br /> 1. We may elect not to renew such coverage for any reason,except as provided in 2. <br /> through 4.below. <br /> 2. We will not refuse to renew such coverage solely because the first named insured has <br /> accepted an offer of earthquake coverage. <br /> However,the following applies only to insurers who are associate participating <br /> insurers as established by Cal.Ins.Code Section 10089.16.We may elect not to renew <br /> such coverage after the first named insured has accepted an offer of earthquake <br /> coverage,if one or more of the following reasons applies: <br /> a. the nonrenewal is based on sound underwriting principles that relate to the <br /> coverages provided by this policy and that are consistent with the approved <br /> rating plan and related documents filed with the Department of Insurance as <br /> required by existing law; <br /> b. the Commissioner of Insurance finds that the exposure to potentional losses will <br /> threaten our solvency or place us in a hazardous condition.A hazardous <br /> condition includes,but is not limited to,a condition in which we make claims <br /> payments for losses resulting from an earthquake that occurred within the <br /> preceding two years and that required a reduction in policyholder surplus of at <br /> least 25%for payment of those claims;or <br /> C. we have: <br /> (1) lost or experienced a substantial reduction in the availability or scope of <br /> reinsurance coverage;or <br /> (2) experienced a substantial increase in the premium charged for reinsurance <br /> coverage of our residential property insurance policies;and <br /> the Commissioner has approved a plan for the nonrenewals that is fair and <br /> equitable,and that is responsive to the changes in our reinsurance position. <br /> 3. We will not refuse to renew such coverage solely because the first named insured has <br /> cancelled or did not renew a policy,issued by the California Earthquake Authority that <br /> included an earthquake policy premium surcharge. <br /> 4. We will not refuse to renew such coverage solely because corrosive soil conditions <br /> exist on the premises.This restriction(4.)applies only if the coverage provided under <br /> this policy excludes loss or damage caused by or resulting from corrosive soil <br /> conditions. <br /> C. We are not required to send notice of nonrenewal in the following situations: <br /> 1. If the transfer or renewal of a policy,without any changes in terms,conditions,or <br /> rates,is between us and a member of our insurance group. <br /> 2. If the policy has been extended for 90 days or less,provided that notice has been given <br /> in accordance with paragraph A. <br /> APPROVED <br /> By Cynthia Mora at 7:47 am, Oct 30, 2024 <br /> Policy Conditions California Mandatory-Cancellation And Nonrenewal continued <br /> Form 80-02-9717(Rev.9-15) Endorsement Page 4 <br />