New Short Rate Cancellation Table Endorsement (U.S.A)

Notwithstanding anything to the contrary contained herein and in consideration of the premium for which this Insurance is written it is agreed that in the event of cancellation thereof by the Assured the Earned Premium shall be computed as follows:

1. For insurance written for one year:

   Days In Force		%	Days In Force		%	Days In Force		%	Days In Force		%
   1		5	66-69		29	154-156		53	256-260		77
   2		6	70-73		30	157-160		54	261-264		78
   3-4		7	74-76		31	161-164		55	265-269		79
   5-6		8	77-80		32	165-167		56	270-273	(9 months)	80
   7-8		9	81-83		33	168-171		57	274-278		81
   9-10		10	84-87		34	172-175		58	279-282		82
   11-12		11	88-91	(3 months)	35	176-178		59	283-287		83
   13-14		12	92-94		36	179-182	(6 months)	60	288-291		84
   15-16		13	95-98		37	183-187		61	292-296		85
   17-18		14	99-102		38	188-191		62	297-301		86
   19-20		15	103-105		39	192-196		63	302-305	(10 months)	87
   21-22		16	106-109		40	197-200		64	306-310		88
   23-25		17	110-113		41	201-205		65	311-314		89
   26-29		18	114-116		42	206-209		66	315-319		90
   30-32	(1 month)	19	117-120		43	210-214	(7 months)	67	320-323		91
   33-36		20	121-124	(4 months)	44	215-218		68	324-328		92
   37-40		21	125-127		45	219-223		69	329-332		93
   41-43		22	128-131		46	224-228		70	333-337	(11 months)	94
   44-47		23	132-135		47	229-232		71	338-342		95
   48-51		24	136-138		48	233-237		72	343-346		96
   52-54		25	139-142		49	238-241		73	347-351		97
   55-58		26	143-146		50	242-246	(8 months)	74	352-355		98
   59-62	(2 months)	27	147-149		51	247-250		75	356-360		99
   63-65		28	150-153	(5 months)	52	251-255		76	361-365	(12 months)	100
   % = Percentage of annual premium deemed earned

2. For insurances written for more or less than one year:
1. If insurance has been in force for 12 months or less, apply the standard short rate table for annual insurances to the full annual premium determined as for an insurance written for a term of one year.
2. If insurance has been in force for more than 12 months:
1. Determine full annual premium as for an insurance written for a term of one year.
2. Deduct such premium from the full insurance premium, and on the remainder calculate the pro rata Earned Premium on the basis of the ratio of the length of time beyond one year the insurance has been in force to the length of time beyond one year for which the insurance was originally written.
3. Add premium produced in accordance with items a and b to obtain Earned Premium during full period insurance has been in force.