Common use of Alternate Renewal Notice Procedure Clause in Contracts

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) . The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) . The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) . The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) . The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) . The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) . The SECOND NOTICE sent to the insured must advise the insured: (a1) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b2) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) . The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) 8. If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a1) for an additional required policy period; (b2) at the same terms and conditions as the existing policy; and (c3) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required requited by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) . No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. . a. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The the notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at differentdifferent terms, conditions, or rates; (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for For an additional required policy period; (b) at At the same terms and conditions as the existing policy; and (c) at At the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements requirements, and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, ; or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, ; or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at differentdifferent terms, conditions or rates; (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, ; or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, ; or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, ; or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required requited by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) . The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) . The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) . The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) . The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) . The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) . The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) . The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) 8. If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms term s and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required requited by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) . No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) The notice must advise the insured that a SECOND NOTICE second notice will be sent at a later date; (5) The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE second notice is delivered or mailed. (6) The SECOND NOTICE second notice sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) The SECOND NOTICE second notice must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) If a substantially complete SECOND NOTICE second notice is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.

Alternate Renewal Notice Procedure. During the period of time the insurer is assessing its option(s) as to whether to nonrenew or conditionally renew a policy, the insurer must notify the insured and his/her authorized agent or broker. This notice must contain the following: (1) . The notice must be delivered or mailed at least sixty days prior to the expiration date of the policy; (2) . The notice must be delivered or mailed to the named insured at the address in the policy and to an authorized agent or broker of the insured; (3) . The notice must advise the insured that the policy will be either nonrenewed or renewed at different (4) . The notice must advise the insured that a SECOND NOTICE will be sent at a later date; (5) . The notice must advise the insured that coverage will continue at the same terms, conditions and rates until the later of: (a) the expiration date, or (b) 60 days after the SECOND NOTICE is delivered or mailed. (6) . The SECOND NOTICE sent to the insured must advise the insured: (a) of the specific reason or reasons for nonrenewal or conditional renewal; , and (b) of the amount of any premium increase if the increase is in excess of 10% and the nature of any other proposed changes. (7) . The SECOND NOTICE must advise the first-first named insured that he/she is entitled to loss information upon written request. (8) 8. If a substantially complete SECOND NOTICE is not delivered or mailed until after the expiration date of the policy, the insured is entitled to coverage under the policy: (a) for an additional required policy period; (b) at the same terms and conditions as the existing policy; and (c) at the lower of the current rates or the rates of the previous period. However, if the insurer has established the standards and procedures required requited by law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insured’s current rates at the terms and conditions of the expiring policy. (9) . No notice is necessary if the insurer receives a written notice from the insured, his/her authorized agent or broker, or another insurer that the policy is no longer desired or has been replaced.