Cancellation & Non-Renewal

Cancellation and Non-Renewal. This Policy may be cancelled by the Named Insured at any time by providing written notice to the Insurer stating when thereafter the cancellation shall be effective. The Insurer may cancel this Policy by mailing written notice to the Named Insured at the address shown in the Declarations: (a) at least ten (10) days before the effective date of cancellation if the cancellation is for nonpayment of premium; or (b) at least thirty (30) days before the effective date of cancellation for any other reason permitted by applicable law, including but not limited to material misrepresentation in the application, substantial change in the risk assumed, or failure to comply with policy conditions. If this Policy is cancelled by the Insurer, the earned premium shall be computed pro rata. If cancelled by the Named Insured, the earned premium shall be computed in accordance with the short-rate table. Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective. If the Insurer elects not to renew this Policy, written notice of non-renewal shall be provided at least sixty (60) days prior to the expiration date, or as otherwise required by applicable state law.