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Commercial General Liability Coverage Form <br /> <br />a.We will compute all premiums for this Coverage Part in accordance with our rules and <br />rates. <br />b.Premium shown in this Coverage Part as advance premium is a deposit premium only. At <br />the close of eachaudit period we will compute the earned premium for <br />that period and send notice to the first Named Insured. The due date for audit and <br />retrospective premiums is the date shown as the due date on the bill. If the sum of the <br />advance and audit premiums paidfor the policy period is greater than the earned <br />premium, we will return the excess to the first Named Insured. <br />c.The first Named Insured must keep records of the information we need for premium <br />computation, and send us copies at such times as we may request. <br />6.Representations <br />By accepting this policy, you agree: <br />a.The statements in the Declarations are accurate and complete; <br />b.Those statements are based upon representations you made to us; and <br />c.We have issued this policy in reliance upon your representations. <br />7.Separation of Insureds <br />Except with respect to the Limits of Insurance, and any rights or duties specifically assigned <br />in this Coverage Part to the first Named Insured, this insurance applies: <br />a.As if each Named Insured were the only Named Insured; and <br />b.Separately to each insured against whom claim is made or "suit" is brought. <br />8.Transfer of Rights of Recovery Against Others to Us <br />If the insured has rights to recover all or part of any payment we have made under this <br />Coverage Part, those rights are transferred to us. The insured must do nothing after loss to <br />impair them. At our request, the insured will bring "suit" or transfer those rights to us and help <br />us enforce them. <br />9.When We Do Not Renew <br />If we decide not to renew this Coverage Part, we will mail or deliver to the first Named <br />Insured shown in the Declarations written notice of the nonrenewal not less than 30 days <br />before the expiration date. <br />If notice is mailed, proof of mailing will be sufficient proof of notice. <br />SECTION V DEFINITIONS <br />1."Advertisement" means a notice that is broadcast or published to the general public or <br />specific market segments about your goods, products or services for the purpose of attracting <br />customers or supporters. For the purposes of this definition: <br />a.Notices that are published include material placed on the Internet or on similar electronic <br />means of communication; and <br />b.Regarding web-sites, only that part of a web-site that is about your goods, products or <br />services for the purposes of attracting customers or supporters is considered an <br />advertisement. <br />2."Auto" means: <br />a.A land motor vehicle, trailer or semi-trailer designed for travel on public roads, including <br />any attached machinery or equipment; or <br />© ISO Properties Inc, 2003CG 00 01 12 04 <br /> <br />All rights reserved. <br /> <br />