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CNA CNA Paramount Excess and Umbrella Liability <br />Policy <br />The Cancel lation/Nonrenewal provisions are as set forth in the Cancellation/Nonrenewal Endorsement <br />attached to this Policy. <br />C. Changes to the Policy <br />Notice to any of the Insurer's agents or knowledge possessed by any such agent or any other person <br />shall not act as a waiver or change in any part of this Policy, nor will such notice prevent the Insurer <br />from asserting any rights under the provisions of this Policy. None of the provisions of this Policy will <br />be waived, changed or modified except by written endorsement issued by the Insurer to form a part of <br />this Policy. <br />D. Concealment, Misrepresentation and Fraud <br />No concealment, misrepresentation or fraud shall avoid or defeat recovery under this Policy unless such <br />concealment, misrepresentation or fraud was material. Concealment, misrepresentation or fraud in the <br />procurement of this Policy which if known by the Insurer would have led to refusal by the Insurer to make this <br />contract or provide coverage, or to make this contract or provide coverage on different terms or conditions, will <br />be deemed material. <br />E. Duties of the First Named Insured on the Declarations of this Policy <br />The First Named Insured, on behalf of all others, will be: <br />1. authorized to make changes in the terms of this Policy with the consent of the Insurer; <br />2. the payee of any premiums the Insurer refunds; <br />3. responsible for: <br />a. remitting the payment of all premiums due, but all Named Insureds jointly and severally agree to <br />make such payments in full if the First Named Insured fails to pay the amount due within 10 <br />days after the Insurer give written notice or demand; <br />b. keeping records of the information the Insurer requires for premium computation, and sending <br />copies of such records at such times as requested by the Insurer; <br />c. notifying the Insurer that the First Named Insured on behalf of all others wants to cancel this <br />Policy; and <br />d. providing any notice required under this Policy. <br />F. Economic and Trade Sanctions <br />This Policy does not provide coverage for an Insured, transaction or that part of loss that is uninsurable <br />under the laws or regulations of the United States concerning trade or economic sanctions. <br />G. Entire Contract <br />By acceptance of this Policy, the Insureds agree that this Policy, including all endorsements to this <br />Policy, constitute the entire contract existing between the parties relating to this insurance. <br />H. Estates, Legal Representatives and Spouses <br />The estates, heirs, legal representatives and spouses of any natural person Insured shall also be insured <br />under this Policy; provided, however, coverage is afforded to such estates, heirs, legal representatives, <br />and spouses only for claims arising solely out of their capacity or status as such and, in the case of a <br />spouse, where such claim seeks damages from marital community property, jointly held property or <br />property transferred from such natural person Insured to such spouse. No coverage is provided for any <br />act, error or omission of an estate, heir, legal representative, or spouse outside the scope of such <br />person's capacity or status as such provided however that this sentence does not apply to the spouse <br />of: <br />1. a sole proprietorship Named Insured; or <br />Form No: CNA75504XX (03-2015) Pc <br />Policy Page: 18 of 32 P( <br />Underwriting Company: The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 Pc <br />Copyright CNA All Rights Reserved. <br />�oRaN <br />Risk Mwag mendDiAsian <br />REVIEWED & APPROVED BY. - <br />Risk Management Analyst <br />