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F. <br />SECTIONIV-COMMERCIALGENERALLIABILITY and SECTIONIV-LIQUORLIABILITY <br />CONDITIONS, 5. Premium Audit, are deleted and replaced with the following: <br />5. Premium Audit <br />a. We will compute all premiums for this Coverage Part in accordance with our rules and rates. <br />b. Premium shown in this Coverage Part as advance premium is a deposit premium only. <br />If the policy is cancelled, to determine any premium refund or additional premium due, we may elect to use an earned <br />premium computed by an audit or pro rata or less than pro rata calculation of the advanced premium or minimum <br />premium. Paragraph 5. of A. Cancellation of the Common Policy Conditions is amended accordingly. <br />c. The first Named Insured must keep records of the information we need for premium computation, and send us <br /> copies at such times as we may request. <br />G. <br />SECTION V - DEFINITIONS is amended and the following added: <br />1. ÐInsured MemberÑ means: <br />a. a member of the First Named Insured shown in the Declarations and named as the Event Holder on a Certificate of <br /> Insurance issued evidencing the ÐInsured MemberÓsÑ coverage under this Master Policy; and <br />b. evidenced on the PolicyholderÓs Bordereaux filed with the company. <br />Throughout this policy the words ÐyouÑ and ÐyourÑ refer to the ÐInsured MemberÑ as a Named Insured under this <br />Master Policy. <br />2. ÐEvent InformationÑ means the event and the area or location where the event is being conducted provided the event <br /> is designated on the Certificate of Insurance issued to that ÐInsured MemberÑ and PolicyholderÓs Bordereaux filed <br />with the company. <br />3. ÐCertificate policy periodÑ means the period of time coverage under this Master Policy will apply for the ÐInsured <br /> MemberÑ indicated on the Certificate of Insurance issued to that ÐInsured MemberÑ. <br />4. ÐReporting periodÑ means the period of time shown below that you must record and file with us a PolicyholderÓs <br /> Bordereaux on all changes to the issued Certificates of Insurance, including copies of the Certificates of Insurance <br /> issued evidencing the ÐInsured MemberÓsÑ coverage under this Master Policy. <br /> The Ðreporting periodÑ is: <br />a. each calendar month starting at policy inception, and then each consequential month, and <br />b. ninety (90) days from the date of non-renewal or the date of cancellation if this policy is cancelled prior to policy <br /> expiration. <br />Each monthly PolicyholderÓs Bordereaux shall include Certificates of Insurance issued within the previous three (3) <br />calendar months that were not previously reported to us. <br />All references to LIQUOR LIABILITY in this endorsement only apply if a LIQUOR LIABILITY COVERAGE PART is attached <br />to this policy. <br />ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. <br />T1523-0111Page 3 of 3 <br /> <br />