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<br />APPROVED AS TO FORM
<br />M.fJ..J 2-
<br />, _ IHI .
<br />AS~ ~~krr Se~ces Office, Inc., 1997
<br />
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<br />When this insurance is exoess.'wewiil' have:ilo '
<br />duty under- eov,erages./t or' B to. defe~d:thQ.'in...
<br />sure9 against;'any, "'surt.. if any other ira~rer. has .
<br />a duty to defend the insured. agaInst that.~suit'~.
<br />If no other.- insur.9r defends, we- will. undertake
<br />to do so, bUt We wiD be entitled to the. iiisured's'
<br />rights.against'aII those other insurers..' , ;.; , . .
<br />
<br />\II(h~n., tnis, inSura~ is excess over ~ther in-
<br />surance. YJei'\A!lll pay' only' our shar:e,:of the
<br />. . 8n:toL!flt of .th~. .Ioss~ If any,' that ex~& lhe-,
<br />,~~. of: _ .~:~. ::~:':'. ,,',i. . >.:_ ' ..:~~~~,;~:.::i.. ~.;. ,:.
<br />. ti)- Th'~ ,toti!iti ~o~nt that aU" such ou,ei:."lhSur':'
<br />. .. ~. w~uld.pay 'for the loss in th8!'absenC$ .
<br />'ofthi$lnsurance;and. ,,:~:,:,,:<":.
<br />. .. ':':,. . ..;, . '. . ,1:.., . .
<br />.(2) .The tOtal' 'o,f all deductibre and se'lf-insureci
<br />, amounts urider all th~ other insurance.
<br />. VYe'~!1I sl1a~. ~ ~ernai~jng, : loss, it 'any; vvith'
<br />any 'other' instlrance .that Is 'not deSCribed in this
<br />Excess' . Insurance prov.ision 'and was n9t.
<br />." ',bOUght .~Iy to apply in excess o~ the
<br />Umits of Insurance shown in the Declarations
<br />:~f tI?is ,(?~erage. Part. . " . . '
<br />c. Method Of ~aring'. " . '. .
<br />, If 'aK';''Of the Other Insi.iran~ .permits contnbu-
<br />'. \i<?":. by equ~ ~I:laras, we'wUl follow this method
<br />also; 'Under 1hls approach each insurer con-
<br />tribUtes equal amounts untD it has paid its ap-
<br />plicable limit of insurance or. none of the loss
<br />remains, whichever comes first.
<br />If. any' of the .other insurance does not permit
<br />col'lvibtltion 'by. equal shares. we will COntribute
<br />. by.. limits., . Under- this 'method, each insurer's
<br />share' is ba$~ on the ratio of its applicable
<br />limit of insurance to the total applicable limits
<br />of insurance 01 all insurers. .
<br />5. Premium Audit
<br />a. We will compute all premiums for this' Cover-
<br />age Part in 8ccordance with our rules and
<br />rates.
<br />b. Premium. shown in this Coverage Part as ad--
<br />vance premium Is a deposit premium only. At
<br />~e close of each audit period we. will compute ...
<br />the earned premium for that period.' Audit
<br />,premiums are due and payable on notice to
<br />the first Named Insured. If the sum of the ad-
<br />vance aJ'\d audit premir.ms paid for the policy
<br />period is greater than the earned premium, w~
<br />will return the excess to the first Named, .In-
<br />sured.
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<br />c. The first Named Insured mus~ keep records of
<br />the infonnation we need for premium. compu-
<br />tation, and send us copies at such times as we
<br />may request .
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<br />Page 10 of 13
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<br />6. RepreS~'~ti~ns- " :. .
<br />. .... .' . ..-.
<br />BY accepIihii:ihis policy.'; you agree:. .,,>::."~ ;".
<br />~ The st'at~ents In' the Qecla.ratia~i":are accu~
<br />rate aricr.'c.omplele; I:: :::.... '
<br />... .' . ." .,.:....-.;Jo
<br />b. Those' 'statements are based upon r~ipresenta-
<br />tions. y'~:ma~ to us; a~ .71-\" . ~ '
<br />C;. We haVe. i$sued this policY in r.alitdJcie upon
<br />your rePresentatiOns- . . "~~~"/";
<br />;;:.~ ...... I' . ...~~.'; '..~.. .
<br />7. Separaticu-l,Otlnsureds '. ;.~, .,..... .' d"
<br />. . J.....w.....,,'. ,Jo'. .... ".: . . ','l;". ::f.i'::: .
<br />ExCept '\Vitti..,~~ to tJie. limits: Ofi'":Insurance. '
<br />and any rigtrts or duties specifically,., ~Qned in
<br />this Co~~Ijl~~H~~ ~: the ~~t N~~.~tl'~~e9; this
<br />Insuran~;~p~es: .: ..;"~:';<;' ':, '
<br />a. As rf each Named Insured were the only
<br />Nari:ted Insui-ed; and '., .
<br />b. Separately to each' insured ag~ whom
<br />claim is made or "suit. Is brought
<br />8. ' Transfer 'of 'F:Ughts Of R~~iy'Ag~in~
<br />Others:ro Us ,.' .
<br />, ifttie insured has rightsollU, recover aU'or":part Of
<br />any payment we have made under this Coverage
<br />. Part, those rights are tranSferred to us.' The in~'"
<br />sure(f must do nothing after loss to jmpair them.
<br />At our request. the insured will bring .suit" or
<br />transf~r those rights to us and help us enforce'
<br />tMm. .
<br />9. 'W.hen We Do Not Renew "
<br />It we decide not to renew this Coverage Part. we
<br />will mail or deliver to the first Named Insured
<br />. sl:1own . in the Declarations written notice', of the' .
<br />. . t .
<br />nonrenewal n~ less than 30 days bef~ the expi-
<br />ration date. ~
<br />
<br />If notice is mailed, proof of mailing w.iII be suffi-
<br />cient proof of notice.
<br />
<br />SECTION V - DEFINITIONS
<br />
<br />1. · AdVertiSement. means a notice that is broadcast
<br />or pubUshed to the general publi~ or specific mar-
<br />k,et segments about.your goods, products 'or serv-
<br />ices for the- purpose of a~ractil1Q customers or
<br />. suPPoE!.e"!3.
<br />
<br />2. · Auto. means a land motor vehicle, trailer or
<br />semitrailer designed for travel on public roads. in-
<br />cluding any attached machinery or eqUipment. BUt
<br />-auto. does. not include .mobile equipment".
<br />
<br />3. -Bodily injuryN means bodiJy injury, sickness- or
<br />disease sustained by a person. including death re-
<br />sulting from any of these at any time.
<br />
<br />4. "Covera~e territory- means: .
<br />
<br />a. The United States of America (inclumng Its
<br />territories and possessions), Puerto' RiCo and
<br />Canada;
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<br />CG 00 01 07 98
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