Otak, Inc. 2/23/2017 - Laserfiche WebLink

b. Will be the payee for any return premi- b. Other coverage acceptable to the insured urns we pay. has been procured prior to the expiration 2. We compute all premiums for this policy in date of the policy; or accordance with our rules, rates, rating plans, c. The policy clearly states that it is not re- premiums and minimum premiums. The newable, and is for a specific line, sub- premium shown in the Declarations was corn- classification, or type of coverage that is puted based on rates and rules in effect at not offered on a renewable basis. the time the policy was issued. On each re- 3. If: newel, continuation or anniversary of the ef- fective date of this policy, we will compute a. You are an individual; the premium in accordance with our rates b. A covered "auto" you own is of the "pri- and rules then in effect. vete passenger type"; and F. TRANSFER OF YOUR RIGHTS AND DUTIES c. The policy does not cover garage, auto- UNDER THIS POLICY mobile sales agency, repair shop, service Your rights and duties under this policy may not station or public parking place operations be transferred without our written consent except hazards, in the case of death of an individual named in- the following applies to the nonrenewal of the sured. If you die, your rights and duties will be Commercial Auto Coverage Part in place of transferred to your legal representative but only G.1.: while acting within the scope of duties as your legal representative. Until your legal representa- a. We may elect not to renew or continue tive is appointed, anyone having proper tempo- this policy by mailing or delivering to the rary custody of your property will have your rights first Named Insured and the first Named and duties but only with respect to that property. Insured's agent or broker written notice at least 20 days before the end of the policy G. NONRENEWAL period including the actual reason for 1. We may elect not to renew this policy by nonrenewal. If the policy period is more mailing or delivering written notice of nonre- than one year, we will have the right not newal, stating the reasons for nonrenewal, to to renew or continue it only at an anni- •= the first Named Insured and the first Named versary of its original effective date. If we <— Insured's agent or broker at their respective offer to renew or continue and you do not „= last mailing addresses known to us. We will accept, this policy will terminate at the also mail to any mortgage holder, pledgee or end of the current policy period. Failure other person shown in this policy to have an to pay the required renewal or continua- interest in any loss which may occur under tion premium when due shall mean that this policy, at their last mailing address you have not accepted our offer. known to us, written notice of nonrenewal. b. We will not refuse to renew Liability Coy- We will mail or deliver these notices at least erage or Collision Coverage solely be- 45 days before the: cause an "insured" has submitted claims — a. Expiration of the policy; or under Comprehensive Coverage or Tow- = ing and Labor Coverage. b. Anniversary date of this policy if this pol- icy has been written for a term of more c. If we fail to mail or deliver proper notice h- than one year. of nonrenewal and you obtain other in- 2. Otherwise we will renew this policy unless: surance, this policy will end on the effec- tive date of that insurance. a. The first Named Insured fails to pay the H. BUSINESSOWNERS COVERAGE PART REF- renewal premium after we have ex- ERENCES TO FORMS AND ENDORSEMENTS pressed our willingness to renew, includ- ing a statement of the renewal premium, In some instances the Common Policy Declara- to the first Named Insured and the first tions may list endorsements included in the Busi- . Named Insured's agent or broker at least nessowners Coverage Part that reference: 20 days before the expiration date; 1. The Commercial Property Coverage Part; 2. The Commercial General Liability or Liquor Liability Coverage Part; or IL T3 16 09 07(Rev.09-08) Includes the copyrighted material of Insurance Services Office,Inc.with its permission. Page 3 of 4 007394