MISSTATEMENT OF FACTS: If relevant facts about any Insured were misstated: (1) an adjustment of the premium will be made; and (2) the true facts will decide what amount of insurance is valid under this Policy. If any misstated fact impacts the amount of premium that should have been paid, any benefit payable shall be in the amount the paid premium would have purchased based on the correct fact(s). ASSIGNMENT: The benefits under this Policy may not be assigned, except as required by law. CONFORMITY WITH STATE LAWS: Any section of this Policy, which on its effective date, conflicts with the laws of the state in which this Policy is issued, and that is not otherwise pre-empted, is amended by this provision. This Policy is amended to meet the minimum requirements of those laws. CERTIFICATE OF INSURANCE: We will send to you a certificate of insurance for distribution to each Insured Person and you agree to distribute a certificate to each Insured Person. The certificate will outline the insurance coverage and to whom benefits are payable. POLICY TERMINATION: You may cancel this Policy at any time by providing us with written notice. This Policy will be cancelled on the date we receive your letter or, if later, the date requested in your letter. We may cancel this Policy: (1) if the premium is not paid at the end of the grace period; or (2) if the number of Insured Persons is less than the Minimum Participation Number on the Schedule of Benefits; or (3) on any Policy Anniversary after coverage has been in force for 12 months; or (4) if the Participation Percentage is less than the Minimum Participation Percentage on the Schedule of Benefits. If we cancel because of (1) above, this Policy will be cancelled at the end of the grace period. If we cancel because of (2), (3) or (4) we will give you 31 days written notice prior to the date of cancellation. You will still owe us any premium that is not paid up to the date this Policy is cancelled. We will return, pro-rata, any part of the premium paid beyond the date this Policy is cancelled. NOT IN LIEU OF WORKERS’ COMPENSATION: This Policy is not a Workers’ Compensation Policy. It does not provide Workers’ Compensation benefits. LRS-9537-5-0118 Page 5.1