Common use of Notice of Cancellation, Nonrenewal, or Material Reduction in Coverage Clause in Contracts

Notice of Cancellation, Nonrenewal, or Material Reduction in Coverage. In the event of cancellation, nonrenewal, or material reduction in coverage affecting the certificate holder, thirty (30) days prior written notice shall be given to the certificate holder by certified mail, return receipt requested, except in the event of cancellation for nonpayment, in which event fifteen (15) days prior written notice shall be given. If insurer will not include in its coverage such written notifications, it shall be incumbent upon Contractor to comply with such written notification requirements.

Appears in 4 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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