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UMBRELLA provide insurance in such country or 1.This insurance will apply before any "other jurisdiction; or insurance" that is available to such additional insured which covers that person or b. The furnishing of certificates or other organization as a named insured, and we will evidence of insurance in any country or not share with that "other insurance", provided jurisdiction in which we are not licensed to that the injury or damage for which coverage is provide insurance. sought is caused by an "event" that takes place Q.PROHIBITED COVERAGE - TRADE OR or is committed subsequent to the signing of ECONOMIC SANCTIONS that contract or agreement by you. We will provide coverage for any loss, or 2.This insurance is still excess over any valid and otherwise will provide any benefit, only to the collectible "other insurance", whether primary, extent that providing such coverage or benefit excess, contingent or otherwise, which covers does not expose us or any of our affiliated or that person or organization as an additional parent companies to: insured or as any other insured that does not 1. Any trade or economic sanction under any law qualify as a named insured. or regulation of the United States of America; N. PREMIUM or 1.The first Named Insured shown in the 2.Any other applicable trade or economic Declarations is responsible for the payment of sanction, prohibition or restriction. all premiums and will be the payee for any R. REPRESENTATIONS return premiums. By accepting this insurance, you agree: 2. If the premium is a flat charge, it is not subject 1.The statements in the Declarations and any to adjustment except as provided in Paragraph subsequent notice relating to "underlying 4. below. insurance" are accurate and complete; 3.If the premium is other than a flat charge, it is 2.Those statements are based upon an advance premium only. The earned representations you made to us; and premium will be computed at the end of the policy period, or at the end of each year of the 3. We have issued this insurance in reliance upon your representations. policy period if the policy period is two years or longer, at the rate shown in the Declarations, S. SEPARATION OF INSUREDS subject to the Minimum Premium. Except with respect to the Limits of Insurance, 4.Additional premium may become payable when and any rights or duties specifically assigned in coverage is provided for additional insureds this policy to the first Named Insured shown in the under the provisions of SECTION II - WHO IS Declarations, this insurance applies: AN INSURED. 1. As if each Named Insured were the only 0. PREMIUM AUDIT Named Insured; and The premium for this policy is the amount stated in 2. Separately to each insured against whom Item 5. of the Declarations. The premium is a flat claim is made or "suit" is brought. charge unless it is specified in the Declarations as T. WAIVER OR TRANSFER OF RIGHTS OF adjustable. RECOVERY AGAINST OTHERS TO US P. PROHIBITED COVERAGE UNLICENSED 1.If the insured has rights to recover all or part INSURANCE of any payment we have made under this insurance, those rights are transferred to us 1.With respect to loss sustained by any insured in and the insured must do nothing after loss to a country or jurisdiction in which we are not impair them. At our request, the insured will licensed to provide this insurance, this bring suit or transfer those rights to us and insurance does not apply to the extent that A, the help us, and with respect to Coverage insuring such loss would violate the laws or "underlying insurer", enforce them. regulations of such country or jurisdiction. If the insured has agreed in a contract or 2. We do not assume responsibility for: agreement to waive that insured's right of a. The payment of any fine, fee, penalty or recovery against any person or organization, other charge that may be imposed on any we waive our right of recovery against that person or organization in any country or person or organization, but only for payments jurisdiction because we are not licensed to we make because of an "event" that takes oris committed subsequentto the place EU 00 010716© 2016 TheTravelers Indemnity Company. Allrights reserved. Page 15 of 22