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insured retention" and are payable in addition to
<br />organization other than a partnership, joint
<br />any applicable limit of insurance.
<br />venture or limited liability company) or your
<br />The "Insured" agrees to reimburse us promptly
<br />managers (if you are a limited liability
<br />for amounts paid in settlement of claims or
<br />company), but only for acts:
<br />"suits" to the extent that such amounts are within
<br />a. Within the scope of their employment by
<br />the "self -insured retention".
<br />you or while performing duties related to
<br />B. You agree to arrange for the investigation,
<br />the conduct of your business; and
<br />defense or settlement of any claim or "suit" in
<br />b. Only if such "volunteer workers" or
<br />any country where we may be prevented by law
<br />"employees" are insureds under
<br />from carrying out this agreement. We will pay
<br />"underlying insurance" with limits of
<br />defense expenses incurred with our written
<br />liability no less than stated in the
<br />consent in connection with any such claim or
<br />Schedule of Underlying Insurance
<br />"suit" in addition to any applicable limit of
<br />Policies, subject to all the coverage,
<br />insurance. We will also promptly reimburse you
<br />terms, conditions and limitations of such
<br />for our proper share, but subject to the
<br />"underlying insurance".
<br />applicable limit of insurance, of any settlement
<br />2. Any person or organization with whom you
<br />above the "self -insured retention" made with our
<br />agreed, because of a written contract,
<br />written consent.
<br />written agreement or because of a permit
<br />C. We will have the right to associate at our
<br />issued by a state or political subdivision, to
<br />expense with the "insured" or any underlying
<br />provide insurance such as is afforded under
<br />insurer in the investigation, defense or
<br />this policy, but only with respect to your
<br />settlement of any claim or "suit" which in our
<br />operations, "your work" or facilities owned or
<br />opinion may require payment hereunder. In no
<br />used by you.
<br />event, however, will we contribute to the cost
<br />This provision does not apply:
<br />and expenses incurred by any underlying
<br />a. Unless the written contract or written
<br />insurer.
<br />agreement has been executed, or the
<br />SECTION III -WHO IS AN INSURED
<br />permit has been issued prior to the
<br />A. If you are doing business as:
<br />"bodily injury," "property damage," or
<br />1. An individual, you and your spouse are
<br />"personal and advertising injury"; and
<br />"insureds", but only with respect to the
<br />b. Unless limits of liability specified in such
<br />conduct of a business of which you are the
<br />written contract, written agreement or
<br />sole owner.
<br />permit is greater than the limits shown
<br />2. A partnership or joint venture, you are an
<br />for "underlying insurance"; or
<br />"insured". Your members, your partners, and
<br />c. Beyond the period of time required by
<br />their spouses are also "insureds", but only
<br />the written contract or written
<br />with respect to the conduct of your business.
<br />agreement.
<br />3. A limited liability company, you are an
<br />3. Any person or organization having proper
<br />"insured". Your members are also
<br />temporary custody of your property if you
<br />"insureds", but only with respect to the
<br />die, but only:
<br />conduct of your business. Your managers
<br />a. With respect to liability arising out of the
<br />are "insureds", but only with respect to their
<br />maintenance or use of that property;
<br />duties as your managers.
<br />and
<br />4. An organization other than a partnership,
<br />b. Until your legal representative has been
<br />joint venture or limited liability company, you
<br />appointed.
<br />pp
<br />are an "insured". Your "executive officers"
<br />and directors are "insureds", but only with
<br />4. Your legal representative if you die, but only
<br />respect to their duties as your officers or
<br />with respect to his or her duties as such.
<br />directors. Your stockholders are also
<br />That representative will have all your rights
<br />"insureds", but only with respect to their
<br />and duties under this policy.
<br />liability as stockholders.
<br />C. With respect to "auto", any "insured" in the
<br />5. A trust, you are an "insured". Your trustees
<br />"underlying insurance" is an "insured" under this
<br />are also "insureds", but only with respect to
<br />insurance policy, subject to all the limitations of
<br />their duties as trustees.
<br />such "underlying insurance".
<br />B. Each of the following is also an "insured":
<br />D. Any organization you newly acquire or form,
<br />other than a partnership, ;^;n+ . +„r r Y;m;+o +
<br />1. Your "volunteer workers" only while
<br />liability company, and oN
<br />performing duties related to the conduct of
<br />business, or "employees," other
<br />+
<br />financial interest of more �r' ;< 7, "OF,��.
<br />����,:�
<br />your your
<br />stock, will qualify as an
<br />q y
<br />than your "executive officers" (if you are an
<br />r
<br />Risli Managernent CY'erir:.al'Aicfle
<br />Form XL 00 03 09 16
<br />rage I or -i 4
<br />
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