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Obnfe!Jotvsfe;!Ivjuu.\[pmmbst-!Jod/ <br />J.SeparationOfInsureds <br />InsuredfirstshownintheDeclarationsorby <br />uswillbeequivalenttomailing. <br />ExceptwithrespecttotheLimitsofLiability,and <br />anyrightsordutiesspecificallyassignedinthis 4.IftheNamedInsuredfirstshowninthe <br />policytotheNamedInsuredfirstshowninthe <br />Declarationscancels,therefundmaybe <br />declarations,thisinsuranceapplies: <br />lessthanprorata,butwewillretainany <br />minimumpremiumstatedassuchinthe <br />a.AsifeachNamedInsuredweretheonly <br />Declarations.Ifwecancel,therefundwillbe <br />NamedInsured:and <br />prorata.Thecancellationwillbeeffective <br />b.Separatelytoeachinsuredagainstwhom <br />evenifwehavenotmadeoroffereda <br />claimismadeor"suit"isbrought. <br />refund. <br />K.MaintenanceOfUnderlyingInsurance <br />M.Non-Renewal <br />Policiesaffordingintotalthecoverageandlimits <br />1.Ifwedecidenottorenew,wewillmailor <br />statedintheScheduleofUnderlyingInsurance <br />delivertotheNamedInsuredfirstshownin <br />Policiesshallbemaintainedinfulleffectduring <br />theDeclarations,attheaddressshownin <br />thecurrencyofthispolicy.Yourfailureto <br />thispolicy,writtennoticeofnon-renewalat <br />complywiththeforegoingshallnotinvalidate <br />least30daysbeforetheendofthe"policy <br />thispolicy,butintheeventofsuchfailure,we <br />period". <br />shallbeliableonlytotheextentthatwewould <br />2.Ifnoticeismailed,proofofmailingwillbe <br />havebeenliablehadyoucompliedherewith. <br />sufficientproofofnotice. <br />TheNamedInsuredfirstshowninthe <br />3.IfweoffertorenewbutsuchNamedInsured <br />Declarationsshallgiveuswrittennoticeassoon <br />doesnotaccept,thispolicywillnotbe <br />aspracticableofanyofthefollowing: <br />renewedattheendofthecurrent"policy <br />1.Anychangeinthecoverageorinthelimits <br />period". <br />ofany"underlyinginsurance",includingbut <br />N.Workers'CompensationAgreement <br />notlimitedtoachangefromoccurrence <br />coveragetoclaimsmadecoverage; <br />Withrespectto"bodilyinjury"toanyofficeror <br />otheremployeearisingoutofandinthecourse <br />2.Terminationofpartorallofoneormoreof <br />ofemploymentbyyou,yourepresentandagree <br />thepoliciesof"underlyinginsurance"; <br />thatyouhavenotabrogatedandwillnot <br />3.Reductionorexhaustionofanaggregate <br />abrogateyourcommon-lawdefensesunderany <br />limitofliabilityofany"underlyinginsurance". <br />Workers'CompensationLawbyrejectionof <br />The"self-insuredretention"shallnotapply <br />suchlaworotherwise.Ifatanytimeduringthe <br />shouldthe"underlyinginsurance"beexhausted <br />"policyperiod"youabrogatesuchdefenses,the <br />bythepaymentofclaimsor"suits"whichare <br />insurancefor"bodilyinjury"tosuchofficeror <br />alsocoveredbythispolicy. <br />otheremployeeautomaticallyterminatesatthe <br />sametime. <br />L.Cancellation <br />O.BankruptcyOrInsolvency <br />1.TheNamedInsuredfirstshowninthe <br />Declarationsmaycancelthispolicyby <br />Intheeventofthebankruptcyorinsolvencyof <br />mailingordeliveringtousortoanyofour <br />the"insured"oranyentitycomprisingthe <br />authorizedagentsadvancewrittennoticeof <br />"insured",weshallnotberelievedofanyofour <br />cancellation. <br />obligationsunderthispolicy. <br />2.Wemaycancelthispolicybymailingor <br />P.Representations <br />deliveringtotheNamedInsuredfirstshown <br />Byacceptingthispolicy,youagree: <br />intheDeclarationsattheaddressshownin <br />a.ThestatementsintheDeclarationsare <br />thispolicy,writtennoticeofcancellationat <br />accurateandcomplete; <br />least: <br />b.ThestatementsintheScheduleOf <br />a.10daysbeforetheeffectivedateof <br />UnderlyingInsurancePoliciesareaccurate <br />cancellationifsuchNamedInsuredfails <br />andcomplete; <br />topaythepremiumoranyinstallment <br />whendue;or c.Thestatementsina.andb.arebasedupon <br />representationsyoumadetous: <br />b.30daysbeforetheeffectivedateof <br />cancellationifwecancelforanyother d.Wehaveissuedthispolicyinrelianceupon <br />reason. <br />yourrepresentations;and <br />3.Ifnoticeismailed,proofofmailingwillbe <br />e.Ifunintentionallyyoushouldfailtodisclose <br />sufficientproofofnotice.Noticewillstate <br />allhazardsattheinceptionofthispolicy,we <br />theeffectivedateofcancellation.The <br />shallnotdenycoverageunderthispolicy <br />"policyperiod"willendonthatdate. <br />becauseofsuchfailure. <br />DeliveryofsuchnoticebytheNamed <br />Page12of14FormXL00030916 <br /> <br />