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K any of the other insurance does not permit <br />contribution by equal ahoreo, we will contribute by <br />limits. Under this medhod, each insurer's ahopa is <br />based on the ratio of its applicable limit of <br />insurance tothe total applicable limits of insurance <br />ofall insurers. <br />5. Premium Audit <br />a. We will compute all premiums for this Coverage <br />Part inaccordance with our rules and rates. <br />b. Premium shown in this Coverage Part as advance <br />premium is a deposit premium only. At the o|ooa of <br />each audit period we will compute the earned <br />premium for that period and send nndoo to the first <br />Named Insured. The due doha for audit and <br />retrospective premiums is the date shown as the <br />due date on the bill. If the sum of the advance and <br />audit premiums paid for the policy period is greater <br />than the earned premium, we will return the excess <br />tothe first Named Insured. <br />c. The first Named Insured must keep records of the <br />information we need for premium oomputahnn, and <br />send uscopies atsuch times aswemay request. <br />6. Representations <br />a. When You Accept This Policy <br />Byaccepting this policy, you agree: <br />(1) The statements inthe Declarations are accurate <br />and complete; <br />(2) Those statements are based upon <br />representations you made hous; and <br />(3) VVehave issued this policy inreliance upon your <br />representations. <br />b. Unintentional Failure To Disclose Hazards <br />If unintentionally you should fail todisclose all <br />hazards relating to the conduct of your business <br />that exist at the inception date of this Coverage <br />Port, we shall not deny oov*nsg* under this <br />Coverage Part because ofsuch failure. <br />7. Separation Of Insureds <br />Except with respect to the Limits of |nounanoe, and any <br />rights or duties specifically assigned in this Coverage <br />Port tothe first Named Insured, this insurance applies: <br />a. As if each Named Insured were the only Named <br />Insured; and <br />b. Separately to each insured against whom claim is <br />made or''euit''iabrought. <br />8. Transfer Of Rights Of Recovery Against Others To <br />Us <br />Ifthe insured has rights torecover all orpart of any <br />payment, including Supplementary Peymants, we <br />have made under this Coverage Part, those rights <br />are transferred to us. The insured must do nothing <br />after loss to impair them. At our request, the/ <br />PARAGONPARTNERS A-2011-058-01 REVIEVVEDBY��~� <br />HGODO1UGQ5 <br />insured will bring "suit" or transfer those rights to us <br />W and help uoenforce them. <br />b. Waiver Of Rights Of Recovery (Waiver Of <br />Subrogation) <br />If the insured has waived any rights of recovery <br />against any person ororganization for all orpart of <br />any payment, including Supplementary Payments, <br />wehave made under this Coverage Part, we also <br />waive that right, provided the insured waived their <br />rights of recovery against such person or <br />organization in e contract agreement orpermit that <br />was executed prior tothe injury ordamage. <br />S. When We OoNot Renew <br />If we decide not to renew this Coverage Part, we will <br />mail ordeliver to the first Named Insured shown in the <br />Declarations written notice of the nonrenewal not less <br />than 30 days before the expiration date. <br />If notice is mai|ed, proof of mailing will be sufficient <br />proof ofnotice. <br />SECTION Y/—DEFINITIONS <br />1. "Advertisement" means the widespread public <br />dissemination of information or images that has the <br />purpose of inducing the oo|e of Qoodu, products or <br />services through: <br />e. (1) Radio; <br />(2) Television; <br />(3) Billboard; <br />NQ Magazine; <br />(5) Newspaper; or <br />b. Any other publication that in given widespread <br />public distribution. <br />However, "adverdaement^does not include: <br />o. The design, printed material, information or images <br />contained in, on or upon the packaging or labeling <br />ofany goods nrproducts; or <br />b. An interactive conversation between or among <br />persons through ecomputer network. <br />2. "Advertising idea" means any idea for an <br />3. ^Aabeahze hazard" means on exposure or threat of <br />exposure to the actual or alleged properties of <br />asbestos and includes the mere presence of asbestos <br />inany form. <br />4. "Auto" means a land motor vehicle, trailer orsemitrailer <br />designed for travel on public rueda, including any <br />attached machinery orequipment. But "auto" does not <br />include "mobile equipment" <br />5. "Bodily injury" means physical: <br />a. Injury; <br />b. Sickness; or <br />c. Disease <br />sustained by o person and, if arising out ofthe above, <br />Ix}anguiahorde�haienyhme. <br />� EUN|CEHERED|A (PG1Sof23) <br />�_� <br />Page 15of18 <br />