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9. Transfer Of Rights Of Recovery Against Others To Us If the insured has rights to recover all or part of any payment we have made under this policy, those rights are transferred to us. The insured must do nothing after loss to impair them. At our request, the insured will bring “suit” or transfer those rights to us and help us enforce them. Any recoveries will be distributed as follows: a.First, we will be entitled to recover to the extent of our payment; and b.Next, any remaining amounts will be paid to the “underlying insurers” or any other party to the extent of their payment. The expenses of the recovery will be distributed in proportion to the share of each party’s recovery. But, if we conduct the recovery proceedings by ourselves: i.We will pay all expenses; and ii.If we make a recovery, we will be reimbursed in full from the recovery for our expenses before the recovery is distributed. 10. When We Do Not Renew If we decide not to renew this policy, we will mail or deliver to the first Named Insured shown in the Declarations written notice of the nonrenewal not less than 30 days before the expiration date. If notice is mailed, proof of mailing will be sufficient proof of notice. 11.Unintentional Errors or Omissions Your failure to disclose all hazards existing as of the inception date of this policy will not prejudice you with respect to the coverage afforded by this policy provided such failure or any omission is not intentional. However, you must report such failure or any omission to us as soon as practicable after its discovery. 12. Maintenance of Underlying Insurance a.You will maintain all of the “underlying insurance” listed in the schedule of “underlying insurance” in the Declarations in full force and effect throughout this policy period, except for reduction of aggregate limits due to payment of claims, settlements or judgments. b. Failure to maintain “underlying insurance” will not invalidate this insurance. However, this insurance will apply as if the “underlying insurance” were in full effect. c. You will notify us as soon as practicable when any “underlying insurance” is changed or no longer in effect. d. The first Named Insured will furnish us, a complete copy of the "underlying insurance" and any subsequently issued endorsements. 13. Endorsements To This Policy Reference to Commercial Liability Umbrella or Commercial Excess Liability Coverage Part in any endorsement that is attached to or made a part of this policy will mean this policy. 14. Minimum Premium And Minimum Earned Premium Earned premium will be subject to the Minimum Premium and the Minimum Earned Premium as stated in the Declarations. In the event of cancellation by you, there will be no return of any portion of the Minimum Earned Premium. 15. Office of Foreign Assets Control Payments of loss under this insurance will only be made in full compliance with all United States of America economic or trade sanction laws or regulations, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”). EUM 00 522 02 07© Everest Reinsurance Company, 2006Page 6 of 8 Includes copyrighted material of ISO Properties, Inc., used with its permission INSURED COPY