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Nov 28 07 12: 56p Dasie Hope Center 1 -772-589-4688 p . 5 <br /> err cvi cvvr a4. . 41 rnn Arc .rvG w'vu nM rJA • WlV =An n WJVVD <br /> mo8 ,s [OwrFroxv" ❑ s7niur0eY arms SNIA <br /> MID L4GMACCrDEW b <br /> EYWLDYERT LL4mTv ULSE0.5E-POLICY UMn <br /> OlSEJSF- EACr aMPLOYEE 'S <br /> olaracronssortcEasufarur ism SNIA <br /> DEDUCT Q S <br /> SpECiRL CO 90MMa1OTi COVERKM <br /> THIS INSURANCE IS ISSUED PURSUANT TO THE FLORIDA SURPLUS LINES LAW. PERSONS INSUR® BY <br /> SURPLUS LINES CARRIERS DO NOT HAVE THE PROTECTION OF THE FLORIDA INSURANCE GUARANTY ACT <br /> TO THE EXTENT OF ANY RIGHT OF RECOVERY FOR THE OBLIGATION OF AN INSOLVENT UNLICENSED <br /> INSURER. <br /> E) MORTGAGEE ❑ ADDITIONA_ INSURED <br /> ❑ LOSS PAYEE ❑ O'RIER _ <br /> LUAM r <br /> American Inlemabonal Group, Inc. <br /> CONDITIONS <br /> This Company binds the Mnd(s) of insurance stipulated on this document. The insurance is subjectto the terms, conditions and <br /> fire Utiorns of the policy(ies) in currenl use by the Company. <br /> This binder may be cancelled by the Insured by surrender of this binder or by written notice to the Company slating when cancellation <br /> will be effective. This binder may be cancelled by the Company by notkv to the Insured in accordance with the po'14 conditions. This <br /> Under may be rance)ted when replaced by a policy. if this binder is not replaced by a policy, the Company Is entitled to charge a <br /> premium for the binder according to the Rules and fetes in use by the Company. <br /> Applicable in California <br /> When this form is used to provide insurance in the amount of one mllllon dollars ($1 ,000,000) or more . the tide of this lore is changed <br /> from 'Insurance Hinder" to "Cover Note <br /> Applicable in Delaware <br /> The mortgagee cr Obligee of any mortgage or other instrument given for the purpose of creating a lien on real property shall accept as <br /> evidence of insurance awriten binder issued by an aufhoraed insureror Its agent lithe tender includes a is accompanied by. the <br /> name and address of the borrower: the name and address of the lender as foss payee; a description of the insured real property: a <br /> provision that the tinder may not be canceled within the term Of the binder unless the lender and the insured borrower receive written <br /> notice of ft cancelladon at leasttah (10) days prior 10 the Ganoerlatim ; except in the case of a renewal of a policy subsequent 10 the <br /> closing of the loan, a paid receipt of the full amount of the applicable premium, and the amount of insurance m erage. <br /> Chapter 21 Titla 25 Paragraph 2119 <br /> Applicable in Florida <br /> Except ler Auto insurance coverage, no notice of cancellation or nonrenewal of a binder is required unless the duration of the binder <br /> exceeds 60 days. For auto insu encs, the insurer must give 5 days prior notice, unless the binder is replaced by a policy or another <br /> yinder in the Some company. <br /> Applimble in Nevada <br /> Any persarh who refuses to accept a binder which provides coverage of less than $1 ,000,000.00 when proof is required (A) Shall be <br /> fined not more than 5500 .00, and (B) is Fable to the party presenting the binder as proof of insurance foractual damages sustained <br /> therefrom. <br /> Page 2 of 2 <br />