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081 * 06/07/2021 * UMB 3952752 00 GREAT AMERICAN ALLIANCE INS CO <br />*D/B* 121126296 255044 <br />Declarations. At the beginning of the Policy Period, you must pay us the Advance Premium <br />shown in Item 3. of the Declarations. <br />When this Policy expires or if it is canceled, we will compute the earned premium for the time <br />this Policy was in force. If this Policy is subject to audit adjustment, the actual exposure basis <br />will be used to compute the earned premium. If the earned premium is greater than the Advance <br />Premium, you will promptly pay us the difference. If the earned premium is less than the <br />Advance Premium, we will return the difference to you. But in any event we will retain the <br />Minimum Premium as shown in Item 3. of the Declarations for each twelve months of our Policy <br />Period. <br />O. Separation of Insureds <br />Except with respect to our Limits of Insurance and any rights or duties specifically assigned to <br />the first Named Insured designated in Item 1. of the Declarations, this insurance applies: <br />1. as if each Named Insured were the only Named Insured; and <br />2. separately to each "Insured" against whom "claim" is made or "suit" brought. <br />P. Trade Sanctions <br />This Policy is void from its inception as respects any Policy term or condition that violates any <br />law or regulation of the United States of America (U.S.) concerning economic and trade <br />embargoes including, but not limited to, such laws or regulations respecting any of the <br />following: <br />1. any "Insured," or any person or entity claiming the benefits of an "Insured," who is or <br />becomes a "Specially Designated National" or "Blocked Person" who is otherwise subject to <br />the economic sanctions of the U.S.; <br />2. any "claim" or "suit" that is brought in a "Sanctioned Country" or by the government of a <br />"Sanctioned Country," where any action in connection with such "claim" or "suit" is <br />prohibited by U.S. economic or trade sanctions; <br />3. any "claim" or "suit" that is brought by any "Specially Designated National," "Blocked Person," <br />or any person or entity who is otherwise subject to U.S. economic or trade sanctions; <br />4. property that is located in a "Sanctioned Country" or that is owned by, rented to or in the <br />care, custody or control of a "Sanctioned Country" government, where any activities related <br />to such property are prohibited by U.S. economic or trade sanctions; <br />5. property that is owned by, rented to or in the care, custody, or control of a "Specially <br />Designated National," "Blocked Person," or any person or entity who is otherwise subject to <br />U.S. economic or trade sanctions. <br />As used in this Policy a "Specially Designated National" or "Blocked Person" is any person or <br />entity that is on the list of "Specially Designated Nationals" and "Blocked Persons" issued by the <br />United States Treasury Department's Office of Foreign Asset Control (O.F.A.C.) as it may be <br />amended from time to time. <br />As used in this Policy a "Sanctioned Country" is any country that is the subject of trade or <br />economic embargoes imposed by the laws of the U.S. <br />GAI 6002 (Ed. 04/10) XS (Page 24 of 26) <br />