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4. Other Insurance (3) When this insurance is excess over other insurance, we will pay only our share of the If other valid and collectible insurance is available amount of the loss, if any, that exceeds the to the insured for a loss we cover under sum of: Coverages A or B of this Coverage Part, our obligations are limited as follows: (a) The total amount that all such other insurance would pay for the loss in the a. Primary Insurance absence of this insurance; and This insurance is primary except when (b) The total of all deductible and self- Paragraph b. below applies. If this insurance is insured amounts under all that other primary, our obligations are not affected unless insurance. any of the other insurance is also primary. Then, we will share with all that other (4) We will share the remaining loss, if any, insurance by the method described inwith any other insurance that is not Paragraph c. below. described in this Excess Insurance provision and was not bought specifically to b. Excess Insurance apply in excess of the Limits of Insurance (1) This insurance is excess over: shown in the Declarations of this Coverage Part. (a) Any of the other insurance, whether primary, excess, contingent or on any c. Method Of Sharing other basis: If all of the other insurance permits contribution (i) That is Fire, Extended Coverage, by equal shares, we will follow this method Builder's Risk, Installation Risk or also. Under this approach each insurer similar coverage for "your work"; contributes equal amounts until it has paid its applicable limit of insurance or none of the loss (ii) That is Fire insurance for premises remains, whichever comes first. rented to you or temporarily occupied by you with permission of If any of the other insurance does not permit the owner; contribution by equal shares, we will contribute by limits. Under this method, each insurer's (iii) That is insurance purchased by you share is based on the ratio of its applicable to cover your liability as a tenant for limit of insurance to the total applicable limits of "property damage" to premises insurance of all insurers. rented to you or temporarily occupied by you with permission of 5. Premium Audit the owner; or a. We will compute all premiums for this (iv) If the loss arises out of the Coverage Part in accordance with our rules maintenance or use of aircraft, and rates. "autos" or watercraft to the extent not b. Premium shown in this Coverage Part as subject to Exclusion g. of Section I – advance premium is a deposit premium only. Coverage A – Bodily Injury And At the close of each audit period we will Property Damage Liability. compute the earned premium for that period (b) Any other primary insurance available to and send notice to the first Named Insured. you covering liability for damages The due date for audit and retrospective arising out of the premises or premiums is the date shown as the due date operations, or the products and on the bill. If the sum of the advance and audit completed operations, for which you premiums paid for the policy period is greater have been added as an additional than the earned premium, we will return the insured. excess to the first Named Insured. (2) When this insurance is excess, we will have c. The first Named Insured must keep records of no duty under Coverages A or B to defend the information we need for premium the insured against any "suit" if any other computation, and send us copies at such times insurer has a duty to defend the insured as we may request. against that "suit". If no other insurer 6. Representations defends, we will undertake to do so, but we will be entitled to the insured's rights By accepting this policy, you agree: against all those other insurers. a. The statements in the Declarations are accurate and complete; Page 12 of 16 © Insurance Services Office, Inc.,2012 CG 00 01 04 13