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2. For a 'leased auto" designated or described in <br />the Schedule, Who Is An Insured is changed <br />to include as an "insured" the lessor named in <br />the Schedule. However, the lessor is an "in- <br />sured" only for 'bodily injury" or "property <br />damage" resulting from the acts or omissions <br />by: <br />a. You; <br />b. Any of your "employees" or agents; or <br />c. Any person, except the lessor or any <br />"employee' or agent of the lessor, oper- <br />ating a 'leased auto" with the permission <br />of any of the above. <br />3. The coverages provided under this endorse- <br />ment apply to any 'leased auto" described in <br />the Schedule until the expiration date shown <br />in the Schedule, or when the lessor or his or <br />her agent takes possession of the 'leased <br />auto', whichever occurs first. <br />B. Loss Payable Clause <br />1. We will pay, as interest may appear, you and <br />the lessor named in this endorsement for <br />"loss" to a 'leased auto'. <br />2. The insurance covers the interest of the les- <br />sor unless the 'loss" results from fraudulent <br />acts or omissions on your part. <br />3. If we make any payment to the lessor, we will <br />obtain his or her rights against any other <br />party. <br />C. Cancellation <br />1. If we cancel the policy, we will mail notice to <br />the lessor in accordance with the Cancellation <br />Common Policy Condition. <br />2. If you cancel the policy, we will mail notice to <br />the lessor. <br />3. Cancellation ends this agreement. <br />D. The lessor is not liable for payment of your premi- <br />ums. <br />E. Additional Definition <br />As used in this endorsement: <br />"Leased auto" means an "auto leased or rented <br />to you, including any substitute, replacement or <br />extra "auto' needed to meet seasonal or other <br />needs, under a leasing or rental agreement that <br />requires you to provide direct primary insurance <br />for the lessor. <br />Page 2 of 2 Copyright, ISO Properties, Inc., 2005 CA 20 0103 06 <br />