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4. the risk of uncollectibility (in whole or in part) of the "Underlying Scheduled Insurance" limit as listed in the <br />"Schedule of Underlying Insurance," or replacements thereof, whether because of financial impairment or <br />insolvency of an "Underlying Insurer" orfor any other reason, is expressly retained by you and is not in any <br />way or under any circumstances insured or assumed by us; and <br />5. limits of "Underlying Insurance" will not change except for any reduction in the aggregate limit or Limits of <br />Insurance by payment of claims hereunder. <br />Your failure and/or the failure of the "Underlying Insurer" to comply with this condition will not invalidate this <br />policy, but in the event of such failure, we will only be liable to the same extent as if there had been <br />compliance with this condition. <br />H. Otherinsurance <br />If other insurance applies to a "claim" or "suit" covered by this policy, the insurance under this policy is excess <br />of such other insurance and we will not make any payments until the other insurance has been used up. This <br />condition shall not apply if the other insurance is specifically written to be excess over this policy. Except to the <br />extent stated in this policy, this insurance is not subject to the terms, conditions, or limitations of any other <br />insurance except for "Underlying Insurance." <br />Transfer of Rights of Recovery Against Others to us <br />If any insured has rights to recover all or part of any payment we have made under this policy, those rights are <br />transferred to us. Each insured must do nothing to impairthese rights orthe transferthereof to us. Each insured <br />must cooperate with us and, at our request, assist us in the pursuit and enforcement of those rights. If there is <br />any money recovered, we will disburse that money, as follows: <br />1. "first, we will be repaid to the extent of our actual payment; and <br />2. second, if any money remains, the insured or any "Underlying Insurer" will be repaid to the extent of their <br />actual payment. <br />If any expenses are incurred to recover money, we will share the expenses with the insured or any "Underlying <br />Insurer" in proportion to the amount that each is repaid. If our recovery attempt is not successful, we will bear <br />all of the recovery expenses. <br />J. Premium <br />The premium for this policy as stated in the Declarations is a flat premium and is subject to a minimum and <br />deposit premium, if applicable. The premium is not subject to adjustment unless: <br />1. a rate is shown in the Declarations; or <br />2. an endorsement or endorsements are attached to this policy changing the Limit of Liability, adding or <br />changing the "Underlying Insurance", changing the policy period, or because of an Extended Reporting <br />Period. <br />If a flat premium is charged, and a minimum premium is shown in the Declarations, then that minimum premium <br />is fully earned as of the inception of this policy. <br />K. Representations <br />By accepting this policy, you agree that: <br />1. the statements in the Application for this policy and Declarations to this policy are accurate and complete; <br />2. those statements are based upon representations you made to us; and <br />3. we have issued this policy In reliance upon your representations in the Application for this policy and its <br />Declarations. <br />UMB-100 05 21 Nonprofits Insurance AlllanceTm and NONPROFITS OWN® are brands of <br />Alliance Member ServicesTM (AMS). © AMS. All rights reserved, <br />+ RIeh,Mmv nenkl)IWSIM <br />REvitweo&APPROrtVPDBY. <br />2uk Man,igement SpeciVut <br />