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<br />.; ,,' ~R. 6.200<1 <br /> <br />3: 30PM <br /> <br />1heSrRnd <br /> <br />shares. we'll sh~re the damages equally. But <br />we won't pay more than the limits of <br />coverage that apply under this agreement. <br />If any policy reaches its limit before the <br />entire amount of damages is paid. the <br />remaining policies will share the balance <br />equally until their limits have been used up <br />or the ~mount of the damages is paid in <br />full. For example: <br /> <br />You are required ÓJI a court to pay <br />damages of $1,000,000. Besides this, <br />agreement, two other policies apply to the <br />judgment. The Jlmit uncler this agreement <br />Is $500,000. Policy B has a $100,000 <br />limit and Policy C's limit is $300,000. <br /> <br />First, $100,000 is subtractBd from each <br />policys limit because that is the IUllifest <br />limit provided ÓJI any of the three policies. <br />The result is Policy 8's limit is used up. <br />the balance due on the judgment is <br />$700,000, $400,000 remains of this <br />agreement's limit, and the unused portion <br />of Policy C's limit equals $200.000. <br /> <br />Next, $200,000 Is subtractBd from the <br />limit under this agreement and Policy C <br />because that amount equals the smallest <br />amount of limIt remaining on either policy <br />after the initial $100,000 payment. The <br />result Is Policy C's limit is used up, the <br />balance due on the judgment is now <br /> <br />NO.293 <br /> <br />P.31/31 <br /> <br />$300,000, and this agreement has <br />5200.000 of its limit remaining. <br /> <br />Finally, the rest of the limit under this <br />agreement is paid. The result is this <br />agreement's limit is used up and the <br />balance due on the judgment is now <br />$100.000, which yOU must pay. The total <br />paid under each policy is $500,000 this <br />agreement, $100,000 Policy B. and <br />5300,000 Policy C, <br /> <br />ContribCJtion by limits. If any of the other <br />Insurance doesn't permit contribution by <br />equal shares. we'll p~y the portion of the <br />damages that is equal to our percentage of <br />the total of all limits that apply. But we <br />won't pay more than the limits of coverage <br />that apply under this agreement. For <br />example: <br /> <br />You are required by a court to pay <br />damages of $600,000. Besides this <br />agreement, another policy applies to the <br />judgment. The limit under thIs agreement <br />is $300,000. Policy B has a 5100.000 <br />limit. The total limit of all insurance is <br />5400.000. <br /> <br />Our limit is 75% ($300.0001$400.000) of <br />the total limit. But we worN pay 75% of <br />the judgment because that $450,000 share <br />is more than our limit. We'll pay only our <br />limit. which is $300,000. <br /> <br />~ .1() /)0 <br /> <br />47150 Rev. 7-0' Printed In U.S.A. <br />"6~6 "" ~. "" ",1::+ 1'1,,111 FI'.. An'" Marin.. Im,uranc" Co. 2001 All Riahts Reserved <br />