Laserfiche WebLink
N. UNINTENTIONAL FAILURE TO DISCLOSE HAZARDS <br />In Section III —Common Policy Conditions, Paragraph C. Concealment, Misrepresentation or Fraud <br />is amended to include the following additional paragraph: <br />Unintentional failure of an "employee" of the insured to disclose a hazard or other material information will <br />not violate this condition, unless an "executive officer" (whether or not an "employee") of any insured <br />knows about such hazard or other material information. <br />O. OTHER INSURANCE, INCLUDING PRIMARY PROVISION <br />In Section III —Common Policy Conditions, Paragraph H. Other Insurance, subparagraphs 2. and 3, <br />are replaced by the following: <br />H. Other Insurance <br />If other valid and collectible insurance is available to the insured for a loss we cover under this insurance, <br />our obligations are limited as follows: <br />1. Primary Insurance <br />This insurance is primary except when Paragraph 2 below applies. If this insurance is primary, our <br />obligations are not affected unless any of the other insurance is also primary. Then, we will share with <br />all that other insurance by the method described in Paragraph 3 below. <br />2. Excess Insurance <br />a. This insurance is excess over: <br />(1) Any of the other insurance, whether primary, excess, contingent or on any other basis: <br />(a)That is Fire, Extended Coverage, Builder's Risk, Installation Risk or similar coverage for <br />"your work"; <br />(b)That is insurance that applies to "property damage" to premises rented to you or <br />temporarily occupied by you with permission of the owner; or <br />(c) If the loss arises out of aircraft, "autos" or watercraft to the extent not subject to Exclusion <br />g. of Section II.B. Exclusions, 1. Applicable to Business Liability Coverage; or <br />(2) Any other primary insurance available to you covering liability for damages arising out of the <br />premises or operations for which you have been added as an additional insured. <br />b. When this insurance is excess, we will have no duty to defend the insured against any "suit" if any <br />other insurer has a duty to defend the insured against that "suit." If no other insurer defends, we <br />will undertake to do so, but we will be entitled to the insured's rights against all those other <br />insurers. <br />c. When this insurance is excess over other insurance, we will pay only our share of the amount of <br />the loss, if any, that exceeds the sum of: <br />(1) The total amount that all such other insurance would pay for the loss in the absence of this <br />insurance; <br />BOP-47675 (03/16) Includes copyrighted material of Insurance Services Office, Inc., with its perrr <br />. <br />t{ <br />Risk M"g dvmd R <br />REVIEWED&APPROVE) BY <br />k <br />it !.3 <br />4p&WEt�4 <br />Risk Mnuayement Speualisr <br />