HERNANDEZ, FELICE S. 2-2014 - Laserfiche WebLink

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Liberty Ieaternati<rttai Healthcare Professional Liability Underwriters. LIBERTY INSURANCE UNDERWRITERS, INC. (A Stock Insurance Company, hereinafter the "Compann THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CALIFORNIA AMENDATORY ENDORSEMENT I. In consideration of the premium paid, it is hereby agreed and understood that Paragraph 1. of Part VIII.E., CONDITIONS, of the above referenced policy is hereby deleted in its entirety and replaced with the following: 1. CANCELLATION This insurance may be canceled on the customary short -rate basis by the Named Insured at any time by written notice or by surrender of this policy to the Company or its authorized representative and the Company shall refund the paid premium less the earned portion thereof within thirty (30) days of the latter of the effective date of cancellation or the date of delivery of the Insured's notice of intent to cancel, subject always to the retention by the Company of any minimum premium stipulated herein (or proportion thereof previously agreed upon). The earned portion of the premium shall be computed on the customary short -rate basis unless any state law or regulation of the state shown in the mailing address of the Named Insured in the Declarations requires that return premium be computed on a pro -rata basis, even in the event of cancellation by the Named Insured. This insurance may also be canceled, by the Company or by its authorized representative on its behalf, by sending to the Named Insured, by first-class registered or certified mail, at the Named Insured's address last known to the Company or its authorized agent, not less than ninety (90) days written notice stating the specific reason for such cancellation and when the cancellation shall be effective. In such case, the Company shall refund the paid premium less the earned portion thereof within ten (10) business days after the effective date of cancellation, subject always to the retention by the Company of any minimum premium stipulated herein (or proportion thereof previously agreed upon) in the event of cancellation either by the Company or the Named Insured. In case of non-payment of premium, only thirty (30) days written notice of cancellation must be given by the Company. Minimum premium shall not apply to the return, of uneamed premium if cancellation is by the Company. A copy of such notice shall also be sent to the Named Insured's producer, if any (provided that the Named Insured's producer is not an employee of the Company). If the policy has been in effect for sixty (60) days or less, cancellation by the Company shall only be effective if based on one or more of the following reasons: a. non-payment of premium; b. this policy was obtained through material misrepresentation that was relied on by the Company, and such policy would not have been issued by the Company under the same terms and conditions if correct information had been disclosed; c. material failure to comply with any policy term, condition or contractual duty; d. the risk originally accepted ander this policy has measurably increased, or e. the Company's loss of the reinsurance that provided coverage for all or a substantial part of the risk insured wider this policy. If the policy has been in effect for more than sixty (60) days, cancellation by the Company shall only be effective if based on one or more of the following reasons: HCPI`2037-9000 CA (11/09)