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Allianz 0 <br />b. Will be the payee for any return premiums. <br />2. The Advance Premium for this policy is shown in the Declarations. It is not subject to adjustment unless the <br />Basis of Premium shown in the Declarations is other than: "flat charge". <br />3. If the Advance Premium is subject to adjustment, the earned premium will be determined at the end of our <br />Policy Period. If the earned premium is: <br />a. More than the Advance Premium, the First Named Insured will pay the excess to us; or <br />b. Less than the Advance Premium, we will return to the First Named Insured the unearned portion. <br />However, the earned premium is subject to the Annual Minimum Premium shown in our Declarations <br />for each twelve (12) months of our Policy Period. <br />J. TITLES OR CAPTIONS - The titles or captions used in this policy are solely for convenience or reference. They <br />do not affect the provisions to which they relate. <br />K. TRANSFER OF YOUR RIGHTS AND DUTIES UNDER THIS POLICY - Your rights and duties under this policy <br />may not be transferred without our written consent. If you die, your rights and duties are transferred to your legal <br />representative but only while they are acting within the scope of their duties as such. Until one is appointed, <br />anyone having proper temporary custody of your property will have your rights and duties with respect to that <br />property. <br />L. SUBROGATION <br />1. If any Insured has rights to recover all or part of any payment we make under this policy, those rights are <br />transferred to us. The Insured must do nothing after loss to impair them. At our request, the Insured will <br />bring Suit or transfer those rights to us and help us enforce them. <br />2. Any recoveries shall be distributed as follows: <br />a. First, we shall, be entitled to recover to the extent of our payment; and <br />b. Next, any remaining amounts shall be paid to the Primary Insurers or any other party to the extent <br />of their payment. <br />c. The expenses of the recovery will be distributed in proportion to the share of each party's recovery. But, <br />if we conduct the recovery proceedings by ourselves: <br />(1) We will pay all expenses; and <br />(2) If we make a recovery, we will be reimbursed in full from the recovery for our expenses before the <br />recovery is distributed. <br />M. OTHER INSURANCE - If there is any Other Insurance available to any Insured, this policy applies excess of <br />and does not contribute with such Other Insurance. However, this does not apply if the Other Insurance is <br />specifically written to be excess over this policy. <br />530206 19 <br />Copyright © 2002 Allianz Global Risks US Insurance Company. All rights reserved. <br />�, WekManagernentDlWalon <br />REVIEWED&APPROVED BY. <br />sari <br />01 <br />�� Risk @Innagement Analyst <br />