Notice of Cancellation Advisory We have received your request to provide Notice of Cancel- lation to a certificate holder. Provided below is information about what this means to your firm and how we manage these requests. • Notice of cancellation provisions are addressed in every insurance policy and modification of these provisions can be made only by endorsement to the policy. • Notice of cancellation is a policy right regulated by State insurance laws and regulations. Typically you have the right to cancel without notice. The insurance company can cancel within 10 days for non-payment of premium and otherwise the insurance company can cancel with 30 days notice to you, the insured. This varies somewhat by State. Note that it is very rare that an insurance company will cancel a policy for anything other than non-payment. • A certificate of insurance does not waive or create your policy rights, or amend them in any way. Every certificate states this at the very top of the ACORD form (https://www.acord.org/about/pages/default.aspx). Further, the ACORD form language regarding Notice of Cancellation refers to the policy provisions. As such, providing notice of cancellation to a certificate holder must be endorsed into the actual policy and cannot be accomplished by simply modifying the certificate of insurance in a way that is inconsistent with the corresponding insurance policy. • For professional liability insurance the request to endorse the policy to provide a certificate holder notice of cancella- tion varies from 1) relatively easy, 2) to expensive, 3) to outright impossible to obtain based on the actual notice requirements and the willingness of different insurance companies to provide such endorsements. o Some professional liability insurance companies will not endorse their policies to provide notice to certificate holders. Notice is provided only to the first named insured. o Other professional liability insurance companies will provide notice to certificate holders in the event the insurance company cancels for reasons other than non-payment. o Another option available from some professional liability insurance companies is to provide an endorsement to the policy for an additional premium to provide the certificate holder with 10 days notice of cancellation for non-payment of premium and otherwise 30 days notice for cancel- lation by the insurance company. However, even in this instance, cancellation by the insured is not notified to the certificate holder.