Lynn Shatz 12/3/2019 - Laserfiche WebLink

., Liberty folk lnternationai [laderwriten, Healthcare Professional Liability Policy b. surrender of the policy or binder to the Company or its authorized representative;or c. verbal notice to the Company or its authorized representative. The Company shall accept such notice and promptly cancel the policy effective on the later of the date the notice is received or the date the Named Insured requests the cancellation to be effective.If the Named Insured provides verbal notice of cancellation to the Company or its authorized representative, the Named Insured may require written confirmation of such request,but no waiting period will be imposed if such confirmation is required. If this policy is cancelled by the Named Insured, 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). This insurance may also be cancelled by the Company by mailing written notice to the Named Insured at least ninety(90)days before the effective date of cancellation.In such case,the Company will calculate the unearned premium on a pro-rata basis and shall refund the paid premium less the earned portion thereof within ten (10) business days after the effective date of cancellation. In case of nonpayment of premium only thirty(30)days written notice of cancellation must be given by the Company. Cancellation by the Company shall only be effective is based on one or more of the following reasons: a. nonpayment of premium; b. the policy was obtained through material misrepresentation; c. violation of any of the terms and conditions of the policy; d. the risk originally accepted has measurably increased;or e loss by the Company of reinsurance which provided coverage for all or a substantial part of the risk insured. 2. NONRENEWAL The Company will renew this policy unless written notice of the Company's intent not to renew is mailed to the Named Insured not less than ninety(90)days before the policy expires. Any notice of cancellation or nonrenewal will be mailed by first-class registered or certified mail to the Named Insured at the last mailing address known to the Company. Such notice shall state the specific reason(s) for cancellation or nonrenewal, the significant risk factors that led to the Company's action and when the cancellation or nonrenewal shall be effective.Proof of mailing will be sufficient proof of notice. III. Part VIII.J.,CONDITIONS is deleted in its entirety and replaced by the following: J. SUBROGATION In the event of any payment under this policy,the Company shall be subrogated to all the Insured's rights of recovery therefore against any person, organization or entity to the extent of such payment and the Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights.The Insured shall do nothing after any loss to prejudice such rights. However,and notwithstanding the foregoing, the Company shall only be entitled to recover after the Insured has been fully compensated for any Damages sustained as a result of a Suit. IV. Part VIII.K.,CONDITIONS is deleted in its entirety. V. Part VIII.M.,CONDITIONS is deleted in its entirety and replaced by the following: 2 3 HCPL-2037-9000-WA(Ed.04/14)