State Farm Payment Plan and Auto bills: Locate your current bill's 10-digit key code in the bottom portion of page 1, in the "Please fold and tear here" section, and under "Call your Agent. Small businesses also can purchase a similar amendatory endorsement to their businessowners insurance policy. 3d 875 (Mo. If your covered vehicle is a motorcycle, the endorsement will extend the medical payments coverage to motor vehicles with fewer than four wheels. State Farm Mutual Automobile Insurance Co. GENERAL CONDITIONS A. The State. CLASS E: Any non-commercial motor vehicles with Gross Vehicle Weight Rating (GVWR) less than 26,001 pounds, including passenger cars, 15 passenger vans including the driver, trucks or recreational vehicles and two or three wheel motor vehicles 50 cc or less, such as mopeds or small scooters. Homeowners insurance is a type of insurance that will provide coverage for your home and other personal property in the case of a covered loss. Why you need insurance for your personal articles. and . TEXAS PERSONAL AUTOMOBILE POLICY -- AMENDATORY ENDORSEMENT INCIDENTAL BUSINESS USE In consideration of the premium received for this endorsement, your Texas Personal Automobile Policy is modified in accordance with this Endorsement. Any auto or “trailer” you do not own while used as a temporary substitute for any other vehicle described in this definition which isAmendatory definition: . Estes is explicitly excluded from the definition of resident relative because he was one of the named insureds in the policies. The policy forms and endorsements displayed on this page are the most current available to the Missouri Department of Insurance, Financial Institutions & Professional Registration (DIFP). HO-2249 Amendatory Endorsement. So, aim to purchase an amount of coverage at least equal to the. 2 The "Free Trade Zone" filing exemption exempts an insurer from rate and form filing requirements with respect to certain risks that are of an unusual nature, that have a high loss hazard or that are difficult to place or. You can have an endorsement/rider. 189 823. Amendatory Endorsement for Employees. State Farm is introducing a new coverage endorsement in several states to help fill insurance gaps for its policyholders who use their personal cars to provide rides for a Transportation Network Company (TNC), like Uber and Lyft. Farm") upholding. The following steps are typically taken when filing a claim for depreciation on a homeowner's insurance policy: Consider enlisting a highly skilled property damage insurance attorney to assist you with your case. Usually, this type of backup comes from sewage lines, sump pumps, or drain lines getting clogged and the only way water can flow is “back up the direction it came from. endorsements by their Manual and State requirements. HO 06 48 Residence Premises Definition Endorsement View HO 06 48 MH 04 26 Residence Premises Definition Endorsement - Mobilehome. State Farm Companies, subject to their applicable eligibility rules; or . 56-5270: Special Form Home Owners’ Package Policy. It’s important to have enough coverage to account for unforeseen circumstances. Locate the Driver’s License and ID section and select the link “More Driver Services”. How to use amendatory in a sentence. and that 15 – OPINION AND ORDER Exclusion 2. For example, let's say you own two rings — each valued at $2,000 — and both need to be insured. State Farm Compa-nies. The term is also used to describe the. The revised endorsements amend Part E – Duties After An Accident Or Loss – Filing A Claim and Part F – General Provisions. Water backup is an endorsement on your homeowners insurance policy that covers damages caused by water backing up into your home. 2 Coverage varies by state. 1 Amendatory Endorsement-Ca CMP-4261 Amendatory Endorsement Coverages: Business Liability $3,000,000 Medical Payments $5,000. Incidental Motorized Vehicle Coverage Amendatory Endorsement. This includes, but is not limited to, any drug or controlled substance statute or regulation. Edit: In addition you have Option ID which adds additional replacement cost on your dwelling structure (often referred to as Guaranteed Replacement Cost by many carriers). is deleted and. Plus, in addition to upping your coverage limits, riders can protect you for events that aren’t covered by basic insurance policies, like earthquakes, damage from pets, or identity theft. Most flood insurance is written through the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA). Go to the Documents tab to access merging, splitting, locking, or unlocking functions. The following definitions are added: 1. Item 3. definition. It also has a nationwide agent network that can. Limit or delete coverage of a policy. The owner of the contract is called "you". b. Editorial changes that do not change the coverage and benefits currently provided are not described. Amendatory Endorsement Minnesota: View ML-451 WFL 0085: Amendatory Endorsement Wisconsin (Farm Fire) View WFL 0085: GL 0035. The amount is an affordable addition depending on your coverage needs, and if you ever face the unexpected, it’ll be worth the cost compared to what you could pay for damages or replacement costs. Paragraphs (a) and (b) of subsection (1) of. The endorsement said that the definition of a "non-owned car" was changed to read "a car not owned by or registered or leased inState Farm Compa-nies. It's a form that becomes part of your insurance policy, altering your policy coverage. Get Auto Insurance in Alabama. Pesquisar . Part A – Definitions is amended by adding the following Definition 30–. 1. o. ENDORSEMENT Issued to: Policy Number: Endorsement number: (applicable when the endorsement is not issued with the Policy or takes effect after the. The Amendatory Endorsement changes the UM coverage section's additional definition of "uninsured motor vehicle" by eliminating the second exclusion, but it retains the "designed for use primarily off public roads except while on public roads" exclusion identified above. So, just like you protect your own home with the right insurance coverage, you want to do the same for your rental. Except for the changes it makes, all other terms of the policy remain the same and apply to this endorsement. `The State Farm Companies `do not warrant `the mer-`chantability, `fitness, `or `quality of any product or `service otfered or provided `bythat organization; or `(3) an agreement, concerning `the insurance provided by `this policy, `thal `the State `Farm Companies has with `an organization of which `you are a member, em-Section 3, Coverage H-Scheduled Farm Equipment and Section 3, Coverage K-Borrowed, Rented or Leased Farm Equipment insured under Peril Code 01. «Amendatory» Meaning of amendatory in the English dictionary with examples of use. RULE §5. Appraisal is deleted and replaced by the following: 6. All other terms, conditions, and exclusions remain unchanged. you, including noninsurance pro- d-ucts or services, to vary. Meaning of amendatory. you, including noninsurance pro- d. Summary. 1. INSURING AGREEMENTS AND EXCLUSIONS, C. 5. d/b/a Get Ready Medical Supply, Apex Medical P. State Farm AAA Mercury 21st century liberty mutual and finally for the last 8 years been with USAA. Eleven years. Important State Amendatory Endorsements can be found by clicking the button at the top of the page. INSURING AGREEMENTS AND EXCLUSIONS, D. Longshoremen's and Harbor Workers' Compensation Act Coverage. 1 Our endorsement is called Transportation Network Company Driver Coverage except in D. Clause V. HO 32 48, Home-sharing Host Activities Amendatory Endorsement ± North Carolina (For Use With HO 00 05 ) 5. 05 amendatory endorsement - oregon or ml452 aais 2. Filing a home insurance claim. Schedule: $1,600 to $12,000. You can file and manage your claim from the convenience of your mobile device. Under Definitions, if applicable, the definition of “ pollutants” is deleted and replaced by the. 6. An Endorsement is ubiquitous in the auto insurance policy. This endorsement modifies insurance provided under the following: 1. CL 0160 02 16. AMENDATORY ENDORSEMENT PERSONAL AUTO The policy is amended only as described below. farm land (without buildings), rented or held forWhat Is an Insurance Endorsement? An insurance endorsement is essentially any change made to your existing auto insurance policy. Except for the changes this endorsement makes, all other provisions of the policy remain the same and apply to this endorsement. A motorcycle. 1:08-cv-129264). , Civil No. Marie Williams, Advanced Comprehensive Laboratory Llc, Affinity Rx Inc, Altai Corporation d/b/a Get Ready Medical Supply, Altai Corp. The definitions added in this endorsement are in bold print. This Endorsement is attached to and forms a part of Policy Number: <Policy Number> <Insurer> Referred to in this endorsement as either the “Insurer” or the “Unde rwriters” GEORGIA AMENDATORY ENDORSEMENT TO POLICY TERMS AND CONDITIONS . Not all vehicles or drivers are eligible for discounts. On my old policy I had endorsement 6015J which was actually only about $6. November 15, 2021 at 12:26 PM. "Typically, insurance policies will state a maximum limit of between $1,000 and $10,000 for mold remediation. The CA 01 - Amendatory Endorsements are as follows:. Yes, 2022. This mandatory endorsement must be attached to all Texas policies. FP-7955: Homeowners’ Policy FE-3503: Homeowners Policy Endorsement (Nevada) FE-2340: Amendatory Endorsement FE-3650: Actual Cash Value Endorsement Renters’ Policy Forms. l. C. This language, while not required by statute, was clear and unambiguous. Missouri amendatory endorsement; Fungi or bacteria exclusion endorsement; Missouri Property and Casualty Insurance Guaranty Association;Texas minimum insurance requirements are higher than some other states. The expanded eligibility standard for personal auto coverage for certain utility vehicles is 25,000 pounds or less. Amendatory Endorsement Earthquake Volcanic Eruption Building Ordinance or Law Cov Residential Community Assoc Hired Auto Liability Employee Dishonesty. State Farm General Ins. FLORIDA . 6128DV. This endorsement will not apply to your policy for any policy periods effective June 1, 2017 or after. AMENDATORY ENDORSEMENT . 5/10. So don't wait until a flood is imminent to buy a policy. HO-2609 Cyber/ID Restoration/Fraud Cv. Except for the changes this endorsement makes, all other provisions of the policy remain the same and apply to this endorsement. or by an organization that has entered into an agreement or con- ¶ 10 On October 20, 2017, State Farm filed a motion for summary judgment and a supporting memorandum. What does endorsement mean on an insurance policy? An endorsement, also known as a rider, adds, deletes, excludes. Careful review of the terms and conditions, especially when working with E&S markets, is critical to ensure proper coverage for insureds and no. Complete columns quantity, age, condition and notes, if applicable for each item. Loss to covered property caused directly by Windstorm and Hail is covered by State Farm Property Insurance Policies, but can be subject to a separate deductible endorsement. $500 01/01/2022 01/01/2023 $19,800. The deductible. The definitions added in this endorsement are in bold print. 2. Form RRG/PG PC1 required for all purchasing groups. 22 amendatory endorsement - oregon ml0138 aais 11. you have not previously received a credit or payment under the ClaimSatisfaction Guarantee Premium Credit provision in connection with that covered loss;Maine. 188 (a) “Farm” has the same meaning as provided in s. Download a Contents Inventory Aid in the form of your choice, either Excel or PDF. Open Split View. The first check will cover the actual cash value (ACV) or. All standard endorsements are additional pieces of an insurance policy that, once added, become as essential as any other clause in the policy form. If no definition of "fungus" is included in the coverage form, theState Farm General Insurance Company ADDITIONAL REMARKS AGENCY CUSTOMER ID: LOC g: ADDITIONAL REMARKS SCHEDULE NAVE o 08/17/2021. The large insurance companies may use a standard policy form in many states and then use an. Endorsement Number Policy Symbol Policy Number Policy Period to Effective Date of Endorsement Issued By (Name of Insurance Company) Insert the policy number. & Endorsement 6128S. 3. Personal articles coverage may offer broader coverage than your existing homeowners policy, helping ensure you can repair or replace those items you value (and even those you. Could be a roof schedule, could state what they take depreciation on. Effective date of this. Appearance Allowance : Cosmetic adjustment for the vehicle. WC 00 01 04A. State Farm Compa-nies. In the context of insurance, an endorsement is additional coverage for something that falls outside of the standard policy language. 2: Amendatory Endorsement – Nevada; 6128DR: Amendatory. S. 1 Windstorm or Hail Deductible Endorsement CO,NM,OK,WY AR,CO,KS,NM OK,WY RDP FARM RANCH FARM RANCH FE-5313 Hurricane Deductible Endorsement NY RDP FE-5314. a unambiguously excludes UIM coverage for Plaintiff's claim. AMENDATORY NAMED INSURED ENDORSEMENT You and We agree: The Named Insured shown in Item 1. The policy booklet states: THIS POLICY 1. (Doc. Under Exclusions, Exclusions That Apply To Bodily Injury And/Or Property Damage, item 12. SECTION I – COVERAGES COVERAGE B – PERSONAL PROPERTY Special Limits of Liability is replaced by the following:State Farm, 381 Md. You get personalized service from any one of our 19,000 agents nationwide. This endorsement changes the policy. Get a free quote now. Co. The Eight Circuit Court of Appeals in Noonan v. The large insurance companies may use a standard policy form in many states and then use an “amendatory endorsements” to bring it into compliance with Ohio law, or the law of a state where you reside. IF. R. b. 1. Environmental impairment liability (EIL) insurance on commercial buildings—including coverage for fungus and full spectrum bacteria contamination—has seen rate decreases of 80 percent. It can either: Expand coverage. Some homeowners insurance policies have specific deductibles for damage caused by windstorms and hail, or by tropical cyclones or hurricanes. This endorsement is a part of the Policy and takes effect on the effective date indicated below. COUNTRY Financial can help you with the proper protection. Cancellation is deleted and replaced by. GL-727 1-82 Employers Liability - Farm Employees GL-728 1-82 Fire Legal Liability - Farms GL-729 1-82 Fruit or Vegetable Picking - By Public GL-730 1-82 Medical Payments for Business Visitors GL-732 1-82 Personal Injury Endorsement SPECIAL STATE ENDORSEMENTS Locate your key code. 5 ¶ 11 In its supporting memorandum, State Farm described its version of the unloading process as follows: “An auger was being. A. CREDITOR – STATE FARM BANK, PO BOX 5961, MADISON WI 53705-0961. App. As a reminder, your choice will only apply to the browser and device. (2) Mutual exchange of services; of the “residence premises”, in. and must be attached to the corresponding base policy form. R. IRA Distribution Request. Unless you’re Nostradamus, it’s impossible to predict what the exact cost will be to replace your home in the future. State Farm Mutual Auto Insurance Company. Between the late 1990s and early 2000s, the insurance industry changed the wording of home insurance policies to exclude mold coverage in response to increased mold damage claims associated with homeowners insurance water damage claims. You may not live there, but the rental property you own is a big investment. McFadden. It may also pose a health risk to you and your family. This policy consists of: a. Edit state farm 6128 amendatory endorsement. ”. An Endorsement is ubiquitous in the auto insurance policy. Key Takeaways. , Referred to in this endorsement as either the “Insurer” or the “Underwriters” MISSISSIPPI AMENDATORY ENDORSEMENT TO FIDUCIARY LIABILITY CLAUSE . FLORIDA AMENDATORY ENDORSEMENT In compliance with the insurance regulations of the State of Florida, the Policy is amended as follows. #1. An insurance endorsement, also called a , is a change to your insurance policy that adjusts your coverage. You get your claim handled promptly and reliably. Tradutor . No two homes (or homeowners) are alike. The following Credits section is added to your Contract after the Purchase Payments section: Credits A credit of 6% will be applied to. 2. The average cost of home insurance with State Farm is $1,887 per year for a policy with $300,000 in dwelling coverage. do not warrant the merchantability, fitness, or quality of any product or service offered or provided by that organization; or (3) an agreement, concerning the insurance provided by this policy, that the . 2. Exemplos . "Amendatory Endorsement - New Jersey" [id. State Farm Mut. These amendatory endorsements are . Companies: State Farm Fire and Casualty Company – Open to New Business; State Farm Mutual Automobile Insurance Company – Open to New Business; Forms: 9828A: State Farm Car Policy Booklet – Nevada; 6928A. Check with your insurer to find out how much it would cost to add this rider to your policy. Additionally, it also has life, health. DEFINITIONSA homeowners insurance policy endorsement expands on the standard homeowners coverage by adding to or modifying the insurance policy. 6925RA AMENDATORY ENDORSEMENT (Recreational Vehicle) This endorsement is a part of the policy. Also called a homeowners policy special form, an HO-3 policy is the most common type of home insurance form on the market. 12. or b. Adding an endorsement to your existing insurance contract usually means adding or modifying coverage. Once you begin operating your home as an Airbnb, this coverage suite may leave gaps. Ct. 1 of 6128AC Amendatory. Policyholders and Injured Parties. PLEASE READ IT CAREFULLY. Ins. or a state licensed and regulated surgical center; or (2) To the emergency use of General Anesthesiaor Deep Sedation in order to save a life or avoid a permanent injury. Tendências . AMENDATORY ENDORSEMENT NC 00 13 06 21 This endorsement is a part of your policy. These proposed changes are to be effective 3/1/2022, and are being filed in all. Well . State Farm Companies. Loss to covered property caused directly by Windstorm and Hail is covered by State Farm Property Insurance Policies, but can be subject to a separate deductible endorsement. The purpose of this revision is to better protect insureds and insurers regarding assignment of benefits practices in North Carolina. W. at 232-35. Along with standard coverage options like comprehensive , collision, and uninsured/underinsured motorist coverage, most insurance companies offer coverage endorsements that allow you. Earth Movement Exclusion Clarification. NF-1A Cover Letter. If your roof is over 15 years old, the reduction might be as high as 75% for a five-year-old roof. ISO is filing changes and updates to many of the homeowners forms, as well as withdrawing and introducing new endorsements. SECTION I – PERILS INSURED AGAINST Coverage A – Dwelling and Coverage B – Other Structures Paragraph 2. C. (a) For purposes of this section, "insurer" means an insurance company, reciprocal or interinsurance exchange, mutual insurance company, capital stock company, county mutual insurance company, Lloyd's plan, or other legal entity authorized to write personal automobile. When I look at a State Farm policy, there is a page that has Forms, Options, and Endorsements and right below it, it shows. Richardson, TX. (see below). the Farm Liability Coverage Form as Coverage M, as described and limited in 1. NF-AOB Assignment of Benefits Form. against clients of Yours by the Internal Revenue Service or by any state or municipal tax authority. " Homeowner, Fire, Life and Health bills: Locate your current bill's 10-digit key code at the top-right corner of the bill, directly. In Johnson v. means: 1. is changed to read: 3. is deleted in its entirety and replaced by the following: e. k. INSURING AGREEMENTS AND EXCLUSIONS, C. Except for the changes this endorsement makes, all other. number date title state ml474 aais 2. Water backup can usually be endorsed for. 6128cp amendatory endorsement. Insurance companies may also have optional amendatory endorsements which the policyholder may select to broaden, narrow, or otherwise alter the coverage provided. For instance, if you choose to purchase an optional coverage to broaden your insurance protection, it may be called an endorsement. 2) giving "us" written notice and. AMENDATORY ENDORSEMENT -TEXAS . Tim Johnson ("Johnson") appeals the trial court's grant of summary. While both types of coverage help with the costs of rebuilding your home or replacing damaged items after a covered loss, actual cash value policies are based on the items' depreciated value while. How much it costs. 1989) (finding that, where an insurance policy broadly defined motor vehicle, a moped was a motor vehicle despite that the state's “financial responsibility law” excluded mopeds from its definition of motor vehicle, reasoning that an insurer may offer “broader coverage. For Condo Unit-Owners (HO-6), limit usually the declared value by insured. State Farm Indemnity Company. 2 Windstorm or Hail Deductible Endorsement KS RDP FE -5269. , 604 S. The WC 00 03 13 endorsement is an endorsement developed by the National Council onAnnual Agent Report for Risk Retention and Purchasing Groups - Form PG3. Coverage amount shown is Per Occurrence. c. “State Farm Companies” means one or more of the following: a. Castillo, 829 So. The following is added: Actual Cash Value means the least of the: a. you. Ct. at 68-69]; (d) "Special Provisions. Allstate Fire and Casualty Insurance Company X Texas Farm Bureau Mutual Insurance Company X 1 This peril does not include loss caused by constant or repeated seepage or leakage of water or steam or the presence or. Get a free quote now. While the majority of insurance endorsements are voluntary, meaning either you or your insurer opted. Because the goal of "minimum compensation" in the uninsured coverage context is met, State Farm's exclusion is valid under Iowa law. mandatory. The following is added to Newly Owned or Newly Leased Car: If a resident relative wants to insure a car newly. A State Farm ® Rental Dwelling policy can help pay for property damage, injury and liability claims made against you, even loss of rental income if your. Trying to get a copy of your complete insurance policy form book and or. if a premium is shown under the corresponding “Coverage Symbol” in the “POLICY PREMIUM” schedules on the Declarations; b. The Doan is a class-action lawsuit against State Farm General Insurance Company alleging that the company’s practice for determining actual-cash-value for personal-property losses violates California law. For example, any changes made to the basic policy the insurance carrier files with the state regulators is done by using endorsements. h. NF-5 Hospital Facility Form. Endorsement No. The following new definitions are added:An insurance endorsement/rider is an amendment to an existing insurance contract that changes the original policy’s terms. 50 per month in addition to the rest of the normal coverage. Business day , when used in this endorsement, means a day other than Saturday, Sunday, or a holiday recognized by the state of Texas. 22582 - RECORD OF OFFICIAL ACTION of the STATE BOARD OF INSURANCE. 1 A state amendatory typically is an endorsement that conforms the policy to minimum requirements set forth in state law. A. The following is added to Newly Owned or Newly Leased Car: If a resident relative wants to insure a car newly owned by the resident relative with the State Farm Com-panies after that car ceases to be a newly acquired car, then the resi-dent relative must apply to the State See full list on ibtimes. PART 5. And ambiguous insurance provisions—those susceptible to more than one meaning, one providing coverage and the other denying it—must be construed against the insurer and in favor of coverage. DEFINITIONS . 8:2013cv00986 - Document 32 (M. 1. 3. PART 7. State amendatory endorsements are government-required endorsements added to policies. Anything that isn’t permanently attached to your home or your property is most likely considered personal property. S. 666 926 633 880 666 926 25143 State Farm. has with an organization of which . Their dec page has an endorsement FE-5715, does anyone know what this endorsement is? I've been trying to figure out whether their umbrella extends their UM/UIM coverage at all. Except for the changes it makes, all other terms of the policy remain the same and apply to this endorsement. State Farm Fire and Casualty Company is a subsidiary of State Farm Mutual Automobile Insurance Company. Insuring Agreement a. Mailing the notice will be proof that you were notified. Coverage for buildings and property involved in commercial agriculture was previously limited to wineries but has now been expanded to include commercial farming and ranching. DEFINITIONS A. Paul Place, Baltimore. the premium or price for other products or services purchased by . The . The meaning of AMENDATORY is corrective. First, State Farm satisfied section 627. state the effective date of cancellation. FP. the regular or frequent use of: you. The following notice. This endorsement is a part of your policy. Contact Bel Air State Farm Agent Shirley Brunkhorst at (410) 420-6384 for life, home, car insurance and more. The Court concludes on this record that the Amendatory Endorsement relates only to Exclusion 2. * The definition of workers compensation law includes the Federal. Our concurrence with any reasons you state for your. Endorsement MT FARM RANCH FE-5259. Simply put, the purpose of an insurance endorsement is to make a policy change. ENDORSEMENT Issued to: Policy Number: Endorsement number: (applicable when the endorsement is not issued with the Policy or takes effect after the effective date of the Policy) TEXAS AMENDATORY ENDORSEMENT You and We agree: 1. Seized, impounded or confiscated by state, local or federal authorities pursuant to any state or federal criminal statute or regulation. State Farm Companies. 6087c statutory notice. When it comes to car insurance, you’ve got plenty of coverage options. 15Amendatory Endorsement Minnesota (Farm Fire) View FO 0709: ML-451. (2) of coverage H of FL 00 20—rental of premises—as it pertains to the residences scheduled on the endorsement. State Farm. change in value of damaged property directly due to the loss; c. NF-AOB Assignment of Benefits Form. FE-2341 AMENDATORY ENDORSEMENT — RENTERS POLICY DECLARATIONS CONTINUED The following is added: When you request changes to this policy, or the infor-mation or factors used to calculate the premium for this policy changes during the policy period, we may adjust the premium in accordance with the change during theThis type of endorsement increases your premium to add protection for your golf cart. 56-5536: Next Generation Home Owners’ Policy. Today, a hotel can purchase a high quality EIL policy with a $1 million policy limit for $3,500. The Policy also contained two endorsements. 1. Santa Clara County, April 20, 2016, No. Such other products or services must be pro-vided by the . 1. Further, State Farm asserted that its policy was not ambiguous and that the public policy underlying HRS § 577-3 did not mandate insurance coverage in this case. the ClaimSatisfaction Guarantee Amendatory Endorsement applied to your policy on the date of that covered loss; 4. Consider insuring your home for at least 100% of estimated replacement cost. For more information, visit State Farm Fire and Casualty Company's website or call 800-782-8332. 6087C STATUTORY NOTICE. Commercial insurance endorsements is a common phrase used by insurance service providers, brokers, and lawyers but is vastly unknown to business owners. Under Definitions, "bodily injury" is deleted and replaced by: "Bodily injury" means bodily harm to a person and includes sickness, disease, or death. An endorsement/rider can be issued at the time of purchase, mid-term or at renewal time.