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Allianz oli <br />Watercraft Exclusion <br />178819 10 01 <br />Policy Amendment - Umbrella Policy - Excess Liability Policy <br />The policy does not apply to any liability arising out of the ownership, maintenance, operation, use, entrustment to <br />others, loading or unloading of any watercraft. <br />This exclusion applies even if the claims against any Insured allege negligence or other wrongdoing in the <br />supervision, hiring, employment, training, or monitoring of others by that Insured. <br />All other terms and conditions of the policy remain unchanged. <br />17881g 10 01 <br />Copyright © 2001 Alllanz Global Risks US Insurance Company. NI rights reserved. <br />a S Risk Maro MDADMilun <br />f REVIEWED&❑AP'PIRovED By. <br />i`; F-11 rYNQ Y�iek�2�FG <br />��- Risk Management Analyst <br />