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<br />Wt"n Ihis insurance Is excess, we wiil have no
<br />dut I under Coverages A or B to defend the in-
<br />aur'3d w9ainet any Ilsuit') jf any ntnAr insurer has
<br />ad Jty to defend the insured asainst that 'suit".
<br />If no other insurer defends, we will undertake
<br />to (10 501 but we will b'3 entitled to the inf;ured's
<br />rights against all those other insurers.
<br />Wl1en this insurance is excess over other in-
<br />surance, we WIll pay only our share of lhe
<br />amount of the loss, if IIny, that exceeds the
<br />sur~ of:
<br />(1) The lotal amounl that all such other insur-
<br />ance would pay for the loss in the absence
<br />of this Insurance: and
<br />(2) The total of all deductible and selHnsured
<br />amounts under ail that other insurance,
<br />We will share the remaining lOSS, If any, with
<br />ani other insurance that is not described in this
<br />Ex ::eSS Insuran"" provision and was not
<br />bo Jght specifically to applY in excess of the
<br />Units 01 insurance shOWn in the Declarations
<br />of ,his Coverage Part
<br />c. M"thod Of Sharins
<br />If "II of the other insurance permits contribution
<br />by equal shares, W~ will follow thi~ method
<br />al( o. Under this approach each insurer con.
<br />tributes equal amounts until it has paid ffs
<br />applicable limit of in.urance or none of the lOGS
<br />remains, whichever comes first.
<br />If 'ny of the other insurance does not permit
<br />contribution by equal shares, we will contribute
<br />by limits, Under this method, each insurer's
<br />"har.. is based on the ratio of its applicable
<br />limit of insurance to the total applicable limits of
<br />in,;urance of all insurers,
<br />5, Premium Audit
<br />
<br />a. We will compute <Ill premiums for this Cover-
<br />aele Part in accordance with our rules and
<br />rates,
<br />
<br />b. P, emium shown in this Coverage Part as ad-
<br />V;.noe premium is a deposit premium only. At
<br />th e close of each audit period we will compute
<br />the earned premium for that period and send
<br />notice to the first Named Insured. The due date
<br />fer audit and retrospective premiums is the
<br />date shown as the due date on the bill. If the
<br />.um of the advance :and audit premiums paid
<br />fc r the policy period is greater than the earned
<br />pl'emium, we will return the excess to the first
<br />Named Inoured.
<br />C. T le first Named Insured must keep records of
<br />tta information we need for premium computa.
<br />ti ,n, and send us caples at such lime. as we
<br />rr ,ay request.
<br />
<br />6. Representations
<br />
<br />By accepting this policy, you agree:
<br />
<br />s, The statements ill the Declaration. sre Qecu.
<br />rate and complete:
<br />
<br />b. Those statements are based upon representa-
<br />tions you made to us; and
<br />
<br />c. We have Issued this policy in reliance upon
<br />your reprecentations.
<br />
<br />7. Separation Of Insureds
<br />
<br />F"c:epl with respect to the l.imits of Insurance, and
<br />any rights or dutillS specifically assigned in \:,,~
<br />Coverage Part to the first Named Insured, this in-
<br />surance al'plias:
<br />
<br />a. As If each Named Insured were the ct.,)
<br />Named Insured: and
<br />
<br />b. Separately to each in.urea against wnom cilllm
<br />is made or "suit' Is brought.
<br />
<br />8. Transfer Of Right;! Of Recovery AgaInst Others
<br />To Us
<br />
<br />If the insured has rights to recover all or pa:'t -."
<br />any payment we have made uIlll"r tills Coverage
<br />Part, Ihose rights are trensferred to us. The in.
<br />sured must do nothing alter loss to Impair th6m. ,;:
<br />our request, lne Insured will bring "suit" or transf<:r
<br />those rights to uS and help us enforce them.
<br />
<br />9. When We 00 Not Renew
<br />
<br />If we decide not to renew this Coverage Part, we
<br />will mall or deliver to the ftr$! Named Insured
<br />shown in the Peclerations written notlee of the
<br />nonrenewal not less than 30 days before the exp~
<br />ration date.
<br />
<br />If notice is maJled, proal of mailing Will be suffici"..l
<br />proof of notice.
<br />
<br />SECTION V - DEFINITIONS
<br />
<br />1. "Advertisernenf' meal1$ a notice that is broadcast
<br />or publiShed to the general public 0: specit; j,L,
<br />kel segmentS SOOUI your guOOa, produeta or G<Zr-
<br />vices for the purpose of attracting customers or
<br />supporters. For the purposes of \his definitiO.l:
<br />
<br />a. Notices that are published include material
<br />placed on the Internet or on similar electronic
<br />means of communication; and
<br />
<br />b. Regarding web-sites, only that part of a web-
<br />site that is about your goods, products or I18r-
<br />vloea for th,. purpoae. of attracting customers
<br />or supporters is considered an advertiser.,,,.:..
<br />
<br />2. "Auto" mean.. a land motor vehicle, trailer or semi-
<br />trailer designed for U-<lvel on publIC roads, includ-
<br />ing any attached machinery or equipment. But
<br />"auto" does not include "mobile equipment".
<br />
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<br />@ ISO Properties, Inc., 2000
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<br />CG000110~1
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