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J. Separation Of Insureds <br />Except with respect to the Limits of Liability, and <br />any rights or duties specifically assigned in this <br />policy to the Named Insured first shown in the <br />declarations, this insurance applies: <br />a. As if each Named Insured were the only <br />Named Insured: and <br />b. Separately to each insured against whom <br />claim is made or "suit" is brought- <br />K. Maintenance Of Underlying Insurance <br />Policies affording in total the coverage and limits <br />stated in the Schedule of Underlying Insurance <br />Policies shall be maintained in full effect during <br />the currency of this policy. Your failure to <br />comply with the foregoing shall not invalidate <br />this policy, but in the event of such failure, we <br />shall be liable only to the extent that we would <br />have been liable had you complied herewith. <br />The Named Insured first shown in the <br />Declarations shall give us written notice as soon <br />as practicable of any of the following: <br />1. Any change in the coverage or in the limits <br />of any "underlying insurance", including but <br />not limited to a change from occurrence <br />coverage to claims made coverage; <br />2. Termination of part or all of one or more of <br />the policies of "underlying insurance" <br />3. Reduction or exhaustion of an aggregate <br />limit of liability of any "underlying insurance <br />The "self -insured retention" shall not apply <br />should the "underlying insurance" be exhausted <br />by the payment of claims or "suits" which are <br />also covered by this policy- <br />L. Cancellation <br />Insured first shown in the Declarations or by <br />us will be equivalent to mailing. <br />4. If the Named Insured first shown in the <br />Declarations cancels, the refund may be <br />less than pro rata, but we will retain any <br />minimum premium stated as such in the <br />Declarations. If we cancel, the refund will be <br />pro rata. The cancellation will be effective <br />even if we have not made or offered a <br />refund- <br />M. Non -Renewal <br />1. If we decide not to renew, we will mail or <br />deliver to the Named Insured first shown in <br />the Declarations, at the address shown in <br />this policy, written notice of non -renewal at <br />least 30 days before the end of the "policy <br />period <br />2. If notice is mailed, proof of mailing will be <br />sufficient proof of notice. <br />3. If we offer to renew but such Named Insured <br />does not accept, this policy will not be <br />renewed at the end of the current "policy <br />period"- <br />N. Workers' Compensation Agreement <br />With respect to "bodily injury" to any officer or <br />other employee arising out of and in the course <br />of employment by you, you represent and agree <br />that you have not abrogated and will not <br />abrogate your common-law defenses under any <br />Workers' Compensation Law by rejection of <br />such law or otherwise. If at any time during the <br />"policy period" you abrogate such defenses, the <br />insurance for "bodily injury" to such officer or <br />other employee automatically terminates at the <br />same time- <br />1 . The Named Insured first shown in the O. Bankruptcy Or Insolvency <br />Declarations may cancel this policy by In the event of the bankruptcy or insolvency of <br />mailing or delivering to us or to any of our the "insured" or any entity comprising the <br />authorized agents advance written notice of "insured", we shall not be relieved of any of our <br />cancellation. obligations under this policy. <br />2. We may cancel this policy by mailing or <br />delivering to the Named Insured first shown <br />in the Declarations at the address shown in <br />this policy, written notice of cancellation at <br />least: <br />a. 10 days before the effective date of <br />cancellation if such Named Insured fails <br />to pay the premium or any installment <br />when due; or <br />b. 30 days before the effective date of <br />cancellation if we cancel for any other <br />reason. <br />3. If notice is mailed, proof of mailing will be <br />sufficient proof of notice. Notice will state <br />the effective date of cancellation. The <br />"policy period" will end on that date. <br />Delivery of such notice by the Named <br />Page 12 of 14 <br />P. Representations <br />By accepting this policy, you agree: <br />a. The statements in the Declarations are <br />accurate and complete; <br />b. The statements in the Schedule Of <br />Underlying Insurance Policies are accurate <br />and complete; <br />c. The statements in a. and b. are based upon <br />representations you made to us: <br />d. We have issued this policy in reliance upon <br />your representations -,and <br />e. If unintentionally you should fail to disclose <br />all hazards at the inception of this policy, we <br />shall not deny covers a under this policy <br />because of such fail <br />Rime Management DMsian <br />REVIEWED&APPRDVEDBy., <br />Risk Management Analyst <br />