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15 <br /> _ _ AAIS - - - - - - - - - <br /> CL 0103 03 10 <br /> Page 2 of 3 <br /> The notice to "you" will be delivered or If "we" cancel this policy, "your' return <br /> mailed by certified mail, return receipt re- premium, if any, will be refunded: <br /> quested, and by first class mail. A copy of 1) no more than 30 days after the date <br /> the notice will also be mailed to the insur- of "our" notice of cancellation to <br /> ance commissioner. Coverage will re- - "you" if"we" cancel for two or more <br /> main in force solely for the benefit of of the conditions described in d.1) <br /> each mortgagee, pledgee, or other per- through di); and <br /> son shown by the policy to have an inter- <br /> est in any covered loss until 20 days after 2) as soon as possible if"we" cancel for <br /> "we" notify such mortgagee, pledgee, or any other reason. <br /> other person of cancellation. Any return premium will be computed on <br /> e. If "we" decide not to renew this policy, a pro rata basis. Payment or tender of the <br /> "we" will give notice at least 45 days be- unearned premium is not a condition of <br /> • <br /> fore the policy expiration or anniversary cancellation. <br /> date. However, a nonrenewal notice is 3. <br /> not required if: <br /> Change, Modification, or Waiver of Policy <br /> 1) "you" have procured equivalent coy- Terms - - A change or waiver of "terms" of <br /> erage prior to the expiration of the this policy must be issued by "us" in writing <br /> policy period; or to be valid. <br /> 2) at least 20 days prior to the expira- 4 <br /> tion of the policy period: <br /> - <br /> a) "we" have expressed to "you" in Inspections <br /> writing, either directly or through a. "We" have the right, but are not obligat- <br /> "our agent, "our" willingness ed, to inspect "your" property and oper- <br /> to renew the policy; ations. This inspection may be made by <br /> b) "we" have included with "our" "us" or may be made on "our' behalf. <br /> written offer of renewal a state- b. An inspection or its resulting advice or re- <br /> • ment of the amount of the pre- port does not warrant that "your' prop- <br /> mium, or portion thereof, which erty or operations are safe, healthful, or <br /> "you" are required to pay in or- in compliance with laws, rules, or regula- <br /> der to renew the policy; and tions. Inspections or reports are for "our" - - <br /> c) "you" have failed to pay that benefit only. <br /> re- <br /> quired premium when due. However, this does not apply to an in- <br /> spection, or its resulting advice or report, <br /> Fi In the event of 1) or 2)above, the policy that "we" make relating to the certifica- <br /> will terminate on its expiration date with- lion, under state or local statutes, ordi- <br /> out further notice. nances, or regulations, of boilers, pres- <br /> f. If "you" cancel this policy, "we" will re- sure vessels, or elevators. <br /> s fund "your" return premium, if any, as <br /> 5. Examination of Books and Records "We" <br /> soon as possible after receiving "your" <br /> policy or "your" written notice of cancel- may examine and audit your, books and <br /> records that relate to this policy during the <br /> lotion. policy period and within three years after the <br /> policy has expired. <br /> • <br /> - - CL 0103 03 10 Copyright,American Association of Insurance Services,Inc-,2010 - - - - - <br /> 88 <br />