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SECTION 4. EXCLUSIONS OR SUBLIMITS A. Each and every exclusion within the "Underlying Insurance" is incorporated by reference to this policy, with the same force and effect as though expressly set forth within this policy. As an example only, if the "Underlying Insurance" includes an exclusion for improper sexual misconduct and physical abuse, that exclusion in its entirety is incorporated within this policy as though fully set forth herein. B. Notwithstanding Provision A within Section 1, the coverage identified in the Declarations to this policy is the only coverage extended by this policy. If an "Underlying Insurance" includes exclusions with exceptions and specified sub -limits, this policy will not provide coverage in excess of the specified sub -limit, unless a separate sub -limit is identified specifically within the Declarations to this policy. If an "Underlying Insurance" includes Additional Coverages with specified limits, this policy will not provide coverage in excess of the specified Additional Coverage, unless a limit forthat Additional Coverage is specifically identified within the Declarations to this policy. If an "Underlying Insurance" includes an extension of a specified coverage with a limit specific to that coverage, this policy will not provide coverage excess to that specified coverage unless a separate limit is specifically identified within the Declarations to this policy. SECTION 5. CONDITIONS A. Appeals We can appeal a judgment against any insured under this policy if: 1. the judgment is for more than the remaining Limits of Liability under the "Underlying Insurance"; and 2. the insured or the "Underlying Insurer" do not appeal it. If we appeal the judgment, we will pay the costs of that appeal and any interest on those costs. Those payments will be in addition to the Limits of Liability of this policy, unless the "Underlying Insurance" includes payment of expenses incurred in an appeal as part of its Limit of Liability, in which case the costs of the appeal and any interest on those costs will decrease the applicable Limit of Liability. B. Audit of Books and Records We may audit your books and records at any time during the term of this insurance or within three years after its expiration or termination. C. Financial Impairment Bankruptcy, insolvency, rehabilitation, receivership, liquidation, or other financial impairment of any insured or any insurer providing "Underlying Insurance" as stated in the "Schedule of Underlying Insurance," shall neither relieve nor Increase any of our obligations under this policy. In the event there is a diminished recovery or no recovery available to any insured as a result of such financial impairment of any insurer providing "Underlying Insurance," the coverage under this policy shall apply only in excess of the Limits of Liability stated in the "Schedule of Underlying Insurance." Under no circumstances will we be required to drop down and replace the underlying Limits of Liability or assume any other obligations of a financially impaired insurer or an insured. D. Cancellation You may cancel this policy at any time by sending us a written request or by returning the policy stating the date of cancellation. 1. We may cancel this policy at anytime by sending to you a notice of cancellation 30 days (10 days in the event of non-payment of premium) in advance of the cancellation date. Our notice of cancellation will be mailed to your last known address shown in the Declarations to this policy and will indicate the date on which coverage is terminated. 2. If cancellation is at your request, return premium will be computed at 90% of pro rats, premium will be computed pro rats. If this policy insures more than one Named be affected by the first Named Insured in the Declarations to this policy for tl UMB-100 05 21 Nonprofits Insurance AllianceT� and NONPROFITS OWN® are brands of Alliance Member ServicesTM (AMS). CAMS. All rights reserved. If we cancel, return tilekMansg,adDM0Im REVIEWED&APPRov®BY: AAau Risk Mana gemcnrSpedalisr