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BA9K1066861814 63OK104459TIL18 Commercial Property Coverage Part to the changes in our reinsurance po- Farm Coverage Part — Farm Property — Farm sition. Dwellings, Appurtenant Structures And c. We will not refuse to renew such cover - Household Personal Property Coverage Form age solely because the first Named In- a. We may elect not to renew such cover- sured has cancelled or did not renew a policy, Issued by the California Earth- age for any reason, except as provided In quake Authority, that included an earth- b., c. and d. below. quake policy premium surcharge. b. We will not refuse to renew such cover- d. We will not refuse to renew such cover- age solely because the first Named In- age solely because corrosive soil condi- sured has accepted an offer of earth- tions exist on the premises. This restric- quake coverage. tion (d.) applies only if coverage is sub - However, the following applies only to in- ject to one of the following, which exclude surers who are associate participating in- loss or damage caused by or resulting surers as established by Cal. Ins. Code from corrosive soil conditions: Section 10089.16. We may elect not to after the first {1) Commercial Properly Coverage Part renew such coverage Named Insured has accepted an offer of Causes Of Loss Special Form; or earthquake coverage, if one or more of (2) Farm Coverage Part — Causes Of the following reasons applies: Loss Form -- Farm Property, Para- (1) The nonrenewal is based on sound graph D. Covered Causes Of Loss — underwriting principles that relate to Special, the coverages provided by this policy 3. We are not required to send notice of nonre- and that are consistent with the ap- newal in the following situations: proved rating plan and related docu- ments filed with the Department of a. If the transfer or renewal of a policy, with - Insurance as required by existing law; out any changes in terms, conditions or rates, is between us and a member of our (2) The Commissioner of Insurance finds insurance group. that the exposure to potential losses will threaten our solvency or place us b. If the policy has been extended for 90 in a hazardous condition. A hazard- days or less, provided that notice has ous condition includes, but is not lim- been given in accordance with Paragraph ited to, a condition in which we make C.1. claims payments for losses resulting c. If you have obtained replacement cover - from an earthquake that occurred age, or if the first Named Insured has within the preceding two years and agreed, in writing, within 60 days of the that required a reduction In policy- termination of the policy, to obtain that holder surplus of at least 25% for coverage. payment of those claims; or d. if the policy is for a period of no more (3) We have: than 60 days and you are notified at the (a) Lost or experienced a substantial time of issuance that it will not be re - reduction in the availability or newed. scope of reinsurance coverage; e. If the first Named Insured requests a or change in the terms or conditions or risks (b) Experienced a substantial in- covered by the policy within 60 days of crease in the premium charged the end of the policy period. for reinsurance coverage of our f. If we have made a written offer to the first residential property insurance Named Insured, in accordance with the policies; and timeframes shown in Paragraph CA., to the Commissioner has approved a renew the policy under changed terms or plan for the nonrenewals that is fair conditions or at an increased premium and equitable, and that is responsive rate, when the increase exceeds 25%. iL 02 70 0912 © Insurance Services Office, Inc., 2012 Page 3 of 3 REVIEWED BY: EUNICE HEREDIA (PG100 )