Non-Renewal of Coverage Clause Samples

Non-Renewal of Coverage. The Insurer is under no obligation to renew the policy upon its expiration. If the Insurer elects to non-renew the policy, the Insurer will deliver or mail to the Named Insured written notice stating such at least 90 days prior to the policy’s expiration date, as stated in Item 3. of the Declarations. The offering of terms and conditions different from the expiring terms and conditions, including limits of liability, retention or premium, will not constitute a refusal to renew or a cancellation of the policy. EXTENDED REPORTING PERIOD A. Automatic Extended Reporting Period Effective upon the date of expiration or cancellation of the policy for any reason other than nonpayment of premium, the Named Insured will automatically be provided a period of 60 days in which to give written notice to the Insurer of Claims or First Party Incidents first made against the Insured during the Policy Period or the Automatic Extended Reporting Period for an act, error, omission, incident or event that takes place prior to the end of the Policy Period.

Non-Renewal of Coverage. The Insurer is under no obligation to renew the policy upon its expiration. If the Insurer elects to non-renew the policy, the Insurer will deliver or mail to the Named Insured written notice stating such at least ninety (90) days prior to the policy’s expiration date, as stated in Item 3. of the Declarations. The offering of terms and conditions different from the expiring terms and conditions, including limits of liability, retention or premium, will not constitute a refusal to renew or a cancellation of the policy. CONDITIONS A. Change in Control If, during the Policy Period, the Named Insured consolidates with, merges into, or sells all or substantially all of its assets to another entity, or if any entity acquires the Named Insured, then the policy will remain in full force but only with respect to any Occurrence that takes place prior to the date of the consolidation, merger, sale or acquisition of the Named Insured. The above provision may be waived in writing by the Insurer. B. Action Against the Insurer No action may be brought against the Insurer unless, as a condition precedent thereto, (1) the Insured has fully complied with all of the terms, conditions and other provisions of the policy, and (2) the amount of the Insured’s obligation to pay has been finally determined, either by judgment against the Insured after a trial and appeal or by written agreement by the claimant, Insured and Insurer. No person or entity will have the right under the policy to (1) join the Insurer or its agents and representatives as a defendant, co-defendant or other party in any action against the Insured to determine the Insured’s liability or