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<br />) ) <br />1. Claims or suits arising from the same occurrence, offense or medical Incident; or <br /> <br />2. Persons or organizations covered in those policies that are jointly and severalty liable. <br /> <br />In such a case, we shall not be liable under this Policy for an amount greater than the proportion of the <br />loss that this Policy s applicable Limit of Insurance bears to the total applicable Limits of insurance <br />under atl such policies. <br /> <br />In addition, the total amount payable under all such policies is the highest, single applicable Limit of <br />Insurance among all such policies. <br /> <br />flj)J. Separation of Insureds <br /> <br />Except with respect to the Limits of Insurance and deductible, and except with respect to any rights or <br />duties specifically assigned in this Policy to the Named Insured, this insurance applies: <br /> <br />1. As if each Insured were the only Insured; and <br /> <br />2. Separately to each Insured against whom a claim is made or suit is brought. <br /> <br />K. Bankruptcyllnsolvency <br /> <br />Yout bankruptcy or insolvency will not relieve US of our obtigations under this Policy. <br /> <br />L. Representations <br />By accepting this Policy, the First Named Insured agrees that: <br />1. The statements in the Declarations andlor Applications are accurate and complete; <br />2. Those statements are based upon representations made to us by you; and <br /> <br />3. We have issued this Policy in reliance upon your representations. <br /> <br />M. Subrogation <br /> <br />If an Insured has rights to recover aU or part of any payment we have made under this Policy, those <br />rights are transferred to us. An Insured shall do nothing to impair these rights after a loss. At. our <br />request, an Insured wUl bring suit or transfer those rights to U8 and fully cooperate with us with respect <br />to enforcing them. <br /> <br />Any recoveries wm be applied in accordance with the following priorities: <br /> <br />1. Any person or organization, including the Insured, that have paid an amount in excess of our pay- <br />ment under this policy will be reimbursed first; <br /> <br />2. We then will be reimbursed up to the amount we have paid; and <br /> <br />3. Lastly, any interests, including the Insured, over which our insurance is excess, are entitled to the <br />residual. <br /> <br />N. Conformance To Statute <br /> <br />To the extent that this Po&cy conflicts with any law, statute, or regulation applicable to this policy, this <br />Policy shall conform to the minimum requirements of that Jaw, statute, or regulation. <br /> <br />O. Transfer of Your Rights and Duties <br /> <br />79229 (01/05) <br />HC0271 <br /> <br />10 <br />