Laserfiche WebLink
Item 8. is replaced with: <br />8. Transfer of Rights Of Recovery Against Others To Us <br />a. If the insured has rights to recover all or part of any payment we have made under this Coverage Part, <br />those rights are transferred to us. The insured must do nothing after loss to impair them. At our request, <br />the insured will bring suit or transfer those rights to us and help us enforce them. <br />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 ongoing <br />operations or "your work" done under that written "insured contract" for that person or organization and <br />included in the "products-completed operations hazard". <br />Item 10. and Item 11. 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 written notice <br />of cancellation to the first Named Insured at least 60 days prior to the effective date of cancellation. <br />11. Liberalization <br />If we adopt a change in our forms or rules which would broaden your coverage without an extra charge, the <br />broader coverage will apply to this policy. This extension is effective upon the approval of such broader <br />coverage in your state. <br />SECTION V -DEFINITIONS <br />The following 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 premises <br />while rented to you, or temporarily occupied by you with permission of the owner, or managed by you <br />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 limited to, <br />cost of correspondence, newspaper and magazine advertising, radio or television announcements and <br />transportation cost), necessarily incurred in arranging for the return of products, but excluding costs of the <br />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 />7. 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 performed for that person or organization; or <br />b. Premises or facilities owned or used by you. <br />With respect to provision 1.a. above, a person's or organization's status as an insured under this <br />endorsement ends when your operations for that person or organization are completed. <br />With respect to provision 1.b. above, a person's or organization's status as an insured under this <br />endorsement ends when their contract or agreement with you for such premises or facilities ends. <br />Includes copyrighted material of Insurance Services Offices Inc., with its permission. <br />GECG 602 (0'1/7'1) Page 3 of4 <br />INSURED COPY <br />04/t 7/2012 84'1'1963 NEUSXAFS2703 PGDM060D J29734 GC3FPPN 00000407 Page 47