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USCO0873025U Allianz it i <br />G. MAINTENANCE OF PRIMARY INSURANCE <br />While this policy is in effect you agree: <br />1. To maintain Primary Insurance in full force, except forthe reduction of limits of insurance due to the payment <br />of judgments or settlements; <br />2. The terms and conditions of Primary Insurance will not materially change; and <br />3. Renewals or replacements of Primary Insurance will not materially change from the expiring Primary <br />Insurance. <br />If you fail to comply with the above this policy shall apply as if Primary Insurance had been so maintained. <br />H. PAYMENT OF LOSS UNDER THIS POLICY - This policy will not apply until the Insured or the Primary Insurer <br />is obligated to pay the full amount of the Primary Insurance limits of insurance. When the amount of judgment <br />or settlement has finally been determined, we will promptly pay on behalf of the Insured the amount of damages <br />which falls within the terms of this policy. <br />PREMIUM <br />1. The First Named Insured: <br />a. Is responsible for the payment of all premiums; and <br />b. Will be the payee for any return premiums. <br />2. The Advance Premium for this policy is shown in the Declarations. It is not subject to adjustment unless the <br />Basis of Premium shown in the Declarations is other than: "flat charge". <br />3. If the Advance Premium is subject to adjustment, the earned premium will be determined at the end of our <br />Policy Period. If the earned premium is: <br />a. More than the Advance Premium, the First Named Insured will pay the excess to us; or <br />b. Less than the Advance Premium, we will return to the First Named Insured the unearned portion. <br />However, the earned premium is subject to the Annual Minimum Premium shown in our Declarations <br />for each twelve (12) months of our Policy Period. <br />J. TITLES OR CAPTIONS - The titles or captions used in this policy are solely for convenience or reference. They <br />do not affect the provisions to which they relate. <br />K. TRANSFER OF YOUR RIGHTS AND DUTIES UNDER THIS POLICY - Your rights and duties under this policy <br />may not be transferred without our written consent. If you die, your rights and duties are transferred to your legal <br />representative but only while they are acting within the scope of their duties as such. Until one is appointed, <br />anyone having proper temporary custody of your property will have your rights and duties with respect to that <br />property. <br />L. SUBROGATION <br />1. If any Insured has rights to recover all or part of any payment we make under this policy, those rights are <br />transferred to us. The Insured must do nothing after loss to impair them. At our request, the Insured will <br />bring Suit or transfer those rights to us and help us enforce them. <br />2. Any recoveries shall be distributed as follows: <br />a. First, we shall be entitled to recover to the extent of our payment; and <br />b. Next, any remaining amounts shall be paid to the Primary Insurers or any other party to the extent <br />of their payment. <br />c. The expenses of the recovery will be distributed in proportion to the share of each party's recovery. But, <br />if we conduct the recovery proceedings by ourselves: <br />(1) We will pay all expenses; and <br />(2) If we make a recovery, we will be reimbursed in full from the recovery for our expenses before the <br />recovery is distributed. <br />5400 0619 <br />Copyright 0 2033 Allianz Global Risks US Insurance Company. All rights reserved. Page 16 of 24 <br />