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CNA CNA PARAMOUNT Employee Benefits Liability Coverage Part - Occurrence Other Insurance If other valid and collectible insurance is available to the Insured for loss insured under this coverage part, the Insurer's obligations are limited as follows: A. Primary Insurance This insurance is primary. The Insurer's obligations are not affected unless any of the other insurance is also primary. Then, the Insurer will share with all that other insurance by the method described in Paragraph b. below. B. Method of Sharing If all of the other insurance permits contribution by equal shares, the Insurer will follow this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable limit of insurance or none of the loss remains, whichever comes first. If any of the other insurance does not permit contribution by equal shares, the Insurer will contribute by limits. Under this method, each insurer's share is based on the ratio of its applicable limit of insurance to the total applicable limits of insurance of all insurers. Premium Audit A. The Insurer will compute all premiums for this coverage part in accordance with the Insurer rules and rates. B. Premium shown in this coverage part as advance premium is a deposit premium only. At the close of each audit period the Insurer will compute the earned premium for that period and send notice to the First Named Insured. The due date for audit and retrospective premiums is the date shown as the due date on the bill. If the sum of the advance and audit premiums paid for the policy term is greater than the earned premium, the Insurer will return the excess to the First Named Insured. C. The First Named Insured must keep records of the information the Insurer need for premium computation, and send the Insurer copies at such times as the Insurer may request. Separation of Insureds Except with respect to the Limits of Insurance, and any rights or duties specifically assigned in this policy to the First Named Insured, this insurance applies: A. as if each Named Insured were the only Named Insured; and B. separately to each Insured against whom a claim is made. Transfer of Rights of Recovery If any Insured for whom payment is made by the Insurer under this policy has rights to recover amounts from another, those rights are transferred to the Insurer to the extent of its payment. The Insured must do everything necessary after loss to secure the Insurer's rights and must do nothing to prejudice such rights. VI. DEFINITIONS Administration means: A. providing information to employees, including their dependents and beneficiaries, with respect to eligibility for or scope of employee benefit programs; B. handling records in connection with the employee benefit program; or C. effecting, continuing or terminating any employee's participation in any benefit included in the employee benefit program. However, administration does not include handling payroll deductions. CNA74721XX 01-15 Copyright CNA All Rights Reserved. �ortaN } r of RiskMmRgemerttDivisfan REVIEWED & APPROVED BY.- AA .e p PZ. Y1, +.cx�1.4a Risk Management Analyst