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days, then the shall not at a later date be entitled to purchase an Optional Extended Reporting Period The premium for the Optional Extended Reporting Period shall be determined by charging (1) 100% of the annual premium for twelve (12) months, (2) 135% for twenty-four (24) months, or (3) 180% for thirty- six (36) months. The purchase of an Optional Extended Reporting Period shall be endorsed herein. The fact that the period during which Claims can be made against the Insured and reported to the Insurer is extended by virtue of the Optional Extended Reporting Period shall not in any way increase the Limits of Liability as shown in Item 3 of the Declarations of this policy. At the commencement of any Optional Extended Reporting Period, the entire premium therefore shall be deemed fully earned, and in the event the Insured terminates the Optional Extended Reporting Period before its term for any reason, we shall not be obligated to return to you any portion of the premium. The Insurer’s liability shall further be limited to cover only those Claims or Claim Expenses which arise out of the Insured providing or failing to provide Professional Services prior to the expiration date of the Policy Period or any earlier termination date, if applicable, and prior to the Optional Extended Reporting Period. Bringing of suits by more than one person or organization does not increase the Insured’s Limit of Liability. Two or more Claims arising out of a single negligent act, error or omission or a series of related negligent acts, errors or omissions shall be treated as a single Claim, and shall be subject to one Limit of Liability and only one Deductible. All such Claims, whenever made, shall be considered first made on the date on which the earliest Claim was first made. D.SUBROGATION In addition to any right of subrogation existing at law, in equity or otherwise, and in the event of any payment by the Insurer under this policy, the Insurer shall be subrogated to the extent of such payment to all of the Insured (s)’ rights of recovery. The Insured (s) shall execute all papers required (including those documents necessary for the Insurer to bring suit or other form of proceeding in their name) and do everything that may be necessary to pursue and secure such rights. Notwithstanding, the Insurer agrees to waive the right of Subrogation against the client of the Insured to the extent that the Insured had prior to a Claim, a written agreement to waive such rights. E.HOW OTHER INSURANCE APPLIES Where other insurance is available to the Insured for Damages covered under the terms and conditions of this policy, the Insurer's obligation to the Insured shall be as follows: 1.This policy shall apply as excess insurance over any other valid insurance, whether collectible or not, be it primary, excess or contributing. This excess insurance shall in no way be increased or expanded as a result of the receivership, insolvency, or inability to pay of any Insurer with respect to both the duty to indemnify and the duty to defend. This also applies to the Insured while acting as a self-Insured for any coverage. 2.Where, in accordance with paragraph 1, above, this policy is excess insurance, the Insurer will: a.pay only its share of the amount of Damages and Claim s Expenses, if any, that exceed the total amount of all such valid insurance, whether collectible or not; and b.pay only for such Damages and Claim s Expenses as are covered by the terms and conditions of this policy. The Insured shall promptly, upon request of the Insurer, provide the Insurer with copies of all policies potentially applicable, whether collectable or not, against the liability covered by this policy. F.ASSIGNMENT AND CHANGES TO THE POLICY This policy and any and all rights hereunder are not assignable without the prior written consent of the Insurer. Notice to any agent or knowledge possessed by any agent or person will not result in a waiver or change in any part of this policy or prevent the Insurer from asserting any right under the terms and conditions of this policy. The terms and conditions of this policy may only be waived or changed by written endorsement signed by the Insurer or its authorized agent. Starr Surplus Lines A&E Standard Deductible 01-10 9 SL 2005 01 10