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4. Other Insurance (3) When this insurance is excess over other If other valid and collectible insurance is insurance, we will pay only our share of available to the insured for a loss we cover under the amount of the loss, if any, that Coverages A or B of this Coverage Part, our exceeds the sum of: obligations are limited as follows: (a) The total amount that all such other a. Primary Insurance insurance would pay for the loss in the absence of this insurance; and This insurance is primary except when Paragraph b. below applies. If this insurance (b) The total of all deductible and self - is primary, our obligations are not affected insured amounts under all that other unless any of the other insurance is also insurance. primary. Then, we will share with all that other (4) We will share the remaining loss, if any, insurance by the method described in with any other insurance that is not Paragraph c. below. described in this Excess Insurance b. Excess Insurance provision and was not bought specifically to apply in excess of the Limits of (1) This insurance is excess over: Insurance shown in the Declarations of (a) Any of the other insurance, whether this Coverage Part. primary, excess, contingent or on any c. Method Of Sharing other basis: If all of the other insurance permits (i) That is Fire, Extended Coverage, contribution by equal shares, we will follow Builder's Risk, Installation Risk or this method also. Under this approach each similar coverage for "your work"; insurer contributes equal amounts until it has (ii) That is Fire insurance for premises paid its applicable limit of insurance or none rented to you or temporarily of the loss remains, whichever comes first. occupied by you with permission of If any of the other insurance does not permit the owner; contribution by equal shares, we will (iii) That is insurance purchased by you contribute by limits. Under this method, each to cover your liability as a tenant for insurer's share is based on the ratio of its "property damage" to premises applicable limit of insurance to the total rented to you or temporarily applicable limits of insurance of all insurers. occupied by you with permission of 5. Premium Audit the owner; or a. We will compute all premiums for this (iv) If the loss arises out of the Coverage Part in accordance with our rules maintenance or use of aircraft, and rates. "autos" or watercraft to the extent c not subject to Exclusion g. of b. Premium shown in this Coverage Part as Section I Coverage A —Bodily advance premium is a deposit premium only. Injury And Property Damage At the close of each audit period we will Liability. compute the earned premium for that period and send notice to the first Named Insured. (b) Any other primary insurance available The due date for audit and retrospective to you covering liability for damages premiums is the date shown as the due date arising out of the premises or on the bill. If the sum of the advance and operations, or the products and audit premiums paid for the policy period is completed operations, for which you greater than the earned premium, we will have been added as an additional return the excess to the first Named Insured. insured. c. The first Named Insured must keep records of (2) When this insurance is excess, we will the information we need for premium have no duty under Coverages A or B to computation, and send us copies at such P p defend the insured against any "suit" if any times as we may request. other insurer has a duty to defend the insured against that "suit". If no other 6. Representations insurer defends, we will undertake to do By accepting this policy, you agree: so, but we will be entitled to the insured's a. The statements in the Declarations are rights against all those other insurers. accurate and comple` }µ ognN Risk M817aganad DlMsIOR e REVIEWED & APPROVED BY. Risk Management Specialist Page 12 of 16 © Insurance Services Office, Inc., 2012 CG 00 01 04 13