|
Obnfe!Jotvsfe;!Ivjuu.\[pmmbst-!Jod/
<br />insuredretention"andarepayableinadditionto
<br />organizationotherthanapartnership,joint
<br />anyapplicablelimitofinsurance.
<br />ventureorlimitedliabilitycompany)oryour
<br />managers(ifyouarealimitedliability
<br />The"Insured"agreestoreimburseuspromptly
<br />company),butonlyforacts:
<br />foramountspaidinsettlementofclaimsor
<br />"suits"totheextentthatsuchamountsarewithin a.Withinthescopeoftheiremploymentby
<br />the"self-insuredretention".
<br />youorwhileperformingdutiesrelatedto
<br />theconductofyourbusiness;and
<br />B.Youagreetoarrangefortheinvestigation,
<br />defenseorsettlementofanyclaimor"suit"in
<br />b.Onlyifsuch"volunteerworkers"or
<br />anycountrywherewemaybepreventedbylaw
<br />"employees"areinsuredsunder
<br />fromcarryingoutthisagreement.Wewillpay
<br />"underlyinginsurance"withlimitsof
<br />defenseexpensesincurredwithourwritten
<br />liabilitynolessthanstatedinthe
<br />consentinconnectionwithanysuchclaimor
<br />ScheduleofUnderlyingInsurance
<br />"suit"inadditiontoanyapplicablelimitof
<br />Policies,subjecttoallthecoverage,
<br />insurance.Wewillalsopromptlyreimburseyou
<br />terms,conditionsandlimitationsofsuch
<br />forourpropershare,butsubjecttothe
<br />"underlyinginsurance".
<br />applicablelimitofinsurance,ofanysettlement
<br />Anypersonororganizationwithwhomyouypgy
<br />2.Anypersonororganizationwithwhomyou
<br />abovethe"self-insuredretention"madewithour
<br />aggreed,becauseofawrittencontract,
<br />agreed,becauseofawrittencontract,
<br />writtenconsent.
<br />writtenaggpreementorbecauseofapermit
<br />writtenagreementorbecauseofapermit
<br />C.Wewillhavetherighttoassociateatour
<br />issuedbyypastateorpoliticalsubdivision,to
<br />issuedbyastateorpoliticalsubdivision,to
<br />provideinsurancesuchasisaffordedunderp
<br />expensewiththe"insured"oranyunderlying
<br />provideinsurancesuchasisaffordedunder
<br />thispolicy,butonlywithrespecttoyourpy,ypy
<br />insurerintheinvestigation,defenseor
<br />thispolicy,butonlywithrespecttoyour
<br />operations,"yourwork"orfacilitiesownedorpy
<br />settlementofanyclaimor"suit"whichinour
<br />operations,"yourwork"orfacilitiesownedor
<br />usedbyyou.
<br />opinionmayrequirepaymenthereunder.Inno
<br />usedbyyou.
<br />event,however,willwecontributetothecost
<br />Thisprovisiondoesnotapply:
<br />andexpensesincurredbyanyunderlying
<br />a.Unlessthewrittencontractorwritten
<br />insurer.
<br />agreementhasbeenexecuted,orthe
<br />SECTIONIII-WHOISANINSURED
<br />SECTIONIII-WHOISANINSURED
<br />permithasbeenissuedpriortothe
<br />A.Ifyouaredoingbusinessas:
<br />"bodilyinjury,""propertydamage,"or
<br />"personalandadvertisinginjury";and
<br />1.Anindividual,youandyourspouseare
<br />"insureds",butonlywithrespecttothe b.Unlesslimitsofliabilityspecifiedinsuch
<br />conductofabusinessofwhichyouarethe
<br />writtencontract,writtenagreementor
<br />soleowner.
<br />permitisgreaterthanthelimitsshown
<br />for"underlyinginsurance";or
<br />2.Apartnershiporjointventure,youarean
<br />"insured".Yourmembers,yourpartners,and c.Beyondtheperiodoftimerequiredby
<br />theirspousesarealso"insureds",butonly
<br />thewrittencontractorwritten
<br />withrespecttotheconductofyourbusiness.
<br />agreement.
<br />3.Alimitedliabilitycompany,youarean
<br />3.Anypersonororganizationhavingproper
<br />"insured".Yourmembersarealso
<br />temporarycustodyofyourpropertyifyou
<br />"insureds",butonlywithrespecttothe
<br />die,butonly:
<br />conductofyourbusiness.Yourmanagers
<br />a.Withrespecttoliabilityarisingoutofthe
<br />are"insureds",butonlywithrespecttotheir
<br />maintenanceoruseofthatproperty;
<br />dutiesasyourmanagers.
<br />and
<br />4.Anorganizationotherthanapartnership,
<br />b.Untilyourlegalrepresentativehasbeen
<br />jointventureorlimitedliabilitycompany,you
<br />appointed.
<br />arean"insured".Your"executiveofficers"
<br />4.Yourlegalrepresentativeifyoudie,butonly
<br />anddirectorsare"insureds",butonlywith
<br />withrespecttohisorherdutiesassuch.
<br />respecttotheirdutiesasyourofficersor
<br />Thatrepresentativewillhaveallyourrights
<br />directors.Yourstockholdersarealso
<br />anddutiesunderthispolicy.
<br />"insureds",butonlywithrespecttotheir
<br />C.Withrespectto"auto",any"insured"inthe
<br />liabilityasstockholders.
<br />"underlyinginsurance"isan"insured"underthis
<br />5.Atrust,youareanÐinsuredÑ.Yourtrustees
<br />insurancepolicy,subjecttoallthelimitationsof
<br />arealsoÐinsuredsÑ,butonlywithrespectto
<br />such"underlyinginsurance".
<br />theirdutiesastrustees.
<br />D.Anyorganizationyounewlyacquireorform,
<br />B.Eachofthefollowingisalsoan"insured":
<br />otherthanapartnership,jointventureorlimited
<br />1.Your"volunteerworkers"onlywhile
<br />liabilitycompany,andoverwhichyoumaintain
<br />performingdutiesrelatedtotheconductof
<br />financialinterestofmorethan50%ofthevoting
<br />yourbusiness,oryour"employees,"other
<br />stock,willqualifyasan"insured"ifthereisno
<br />thanyour"executiveofficers"(ifyouarean
<br />FormXL00030916Page7of14
<br />
<br />
|