Laserfiche WebLink
b. If required by a written "insured contract ", we waive any right of recovery we may have against any <br />person or organization because of payments we make for injury or damage arising out of your <br />ongoing operations or "your work" done under that written "insured contract" for that person or <br />organization and included in the "products - completed operations hazard ". <br />/tem >O. and /tem ». are added: <br />10. Cancellation Condition <br />If we cancel this policy for any reason other than nonpayment of premium we will mail or deliver <br />written notice of cancellation to the first Named Insured at least 60 days prior to the effective date of <br />cancellation. <br />17. Liberalization <br />If we adopt a change in our forms or rules which would broaden your coverage without an extra <br />charge, the broader coverage will apply to this policy. This extension is effective upon the approval <br />of such broader coverage in your state_ <br />SECTION V- DEFINITIONS <br />The fo/ %wing definitions are added or changed: <br />9. "Insured contract" <br />a. is changed to: <br />a. A contract for a lease of premises. However, that portion of the contract for a lease of premises that <br />indemnifies any person or organization for damage by fire, explosion or sprinkler leakage to <br />premises while rented to you, or temporarily occupied by you with permission of the owner, or <br />managed by you under a written agreement with the owner is not an "insured contract ". <br />23 and 24 are added- <br />23. "Location" means premises involving the same or connecting lots, or premises whose connection is <br />interrupted only by a street, roadway, waterway or right -of -way of a railroad. <br />24. "Product recall notification expenses" means the reasonable additional expenses (including, but not <br />limited to, cost of correspondence, newspaper and magazine advertising, radio or television <br />announcements and transportation cost), necessarily incurred in arranging for the return of products, <br />but excluding costs of the replacement products and the cash value of the damaged products. <br />The following Provisions are also added to this Coverage Part: <br />A. ADDITIONAL INSUREDS - BY CONTRACT, AGREEMENT OR PERMIT <br />1. Paragraph 2. under SECTION II -WHO IS AN INSURED is amended to include as an insured any <br />person or organization when you and such person or organization have agreed in writing in a contract, <br />agreement or permit that such person or organization be added as an additional insured on your policy to <br />provide insurance such as is afforded under this Coverage Part. Such person or organization is not <br />entitled to any notices that we are required to send to the Named Insured and is an additional insured <br />only with respect to liability arising out of: <br />a. Your ongoing operations pertormed for that person or organization; or <br />b. Premises or facilities owned or used by you. <br />GECG 602 (09/04) Includes copyrighted material of Insurance Services Offices Inc. with its permission Page 4 of 4 <br />