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RAILPROS, INC.
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Last modified
8/6/2024 12:39:36 PM
Creation date
8/6/2024 12:37:37 PM
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Contracts
Company Name
RAILPROS, INC.
Contract #
N-2024-254
Agency
Public Works
Expiration Date
7/21/2027
Insurance Exp Date
2/1/2025
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Attachment Code: D634134 Certificate ID: 20057479 <br />CNA <br />CNA PARAMOUNT <br />Cancellation - Nonrenewal - Texas <br />Wherever used in this endorsement: 1) Insurer means "we", "us", "our" or the "Company" as those terms <br />may be defined in the policy; and 2) first Named Insured means the first person or entity named on the <br />declarations page; and 3) "Insureds" means all persons or entities afforded coverage under the policy. <br />Any cancellation, non -renewal or termination provisions in the policy are deleted in their entirety and <br />replaced with the following: <br />CANCELLATION AND NON -RENEWAL <br />A. CANCELLATION <br />1. The first Named Insured may cancel the policy at any time. To do so, the first Named Insured <br />must return the policy to the Insurer or any of its authorized representatives, indicating the <br />effective date of cancellation; or provide a written notice to the Insurer, stating when the <br />cancellation is to be effective. <br />2. Unless the policy is a renewal, and if Paragraph 5. below is not applicable, the Insurer has the <br />right to cancel this policy at any time and for any reason within the first sixty (60) days. Notice of <br />cancellation, stating the reason for cancellation, must be mailed at least ten (10) days prior to the <br />effective date of such cancellation to the first Named Insured at the address shown on the policy. <br />3. After this policy has been in effect for sixty (60) days or more, or if it is a renewal or <br />continuation of a policy issued by the Insurer (and if Paragraph 5. below is not applicable), it may <br />be canceled for one or more of the following reasons: <br />a. Non-payment of premium. <br />b. Fraud in obtaining coverage <br />c. Increase in hazard, within the insured's control, that produces a rate increase. <br />d. Loss of reinsurance, covering all or part of the risk covered by the policy; or <br />e. If the Insurer is placed in supervision, conservatorship, or receivership and the cancellation is <br />approved or directed by the supervisor, conservator or receiver. <br />Written notice of cancellation must be mailed or delivered to the first Named Insured at the last <br />mailing address known to the Insurer at least sixty (60) days prior to the effective date of such <br />cancellation. The grounds for such cancellation shall also be stated. If the Insurer cancels for <br />non-payment of premium, notice of cancellation will be mailed at least ten (10) days prior to the <br />effective date of such cancellation. <br />4. Notice of cancellation will state the date the cancellation is effective. The Policy will end on that <br />date. If notice is mailed, proof of mailing will be sufficient proof of notice. <br />5. In addition to the cancellation provisions described above, the following applies to Business <br />Property Coverage on a condominium association that contains at least one residence or if the <br />condominium declarations conform with the Texas Uniform Condominium Act: <br />If the Insurer cancels this policy, the Insurer must also mail or deliver written notice of cancellation at <br />least 60 days before the effective date of cancellation to each unit -owner to whom the Insurer issued <br />a certificate or memorandum of insurance and will, at the request of the first Named Insured, provide <br />CNA62814TX (01-20) <br />Policy No:7064083945 <br />Endorsement No: 37 <br />National Fire Insurance Co of Hartford <br />Effective Date: 2/1/2024 <br />Insured Name: RAILPROS FIELD SERVICES, INC. <br />copyright CNA All Rights Reserved. <br />Risk MuagementDisiston <br />et%; % REVIEWED&APPRWmay: <br />®'•. <br />® Risk Management specialist <br />
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