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SECTION 11—WHO IS AN INSURED <br />Item 4_ is replaced wiih. <br />4. Any subsidiaries, companies, corporations, firms, or organizations you acquire or form during the policy <br />period over which you maintain a controlling interest of greater than 50% of the stock or assets, will qualify as <br />a Named Insured if, <br />a) you have the responsibility of placing insurance for such entity: and <br />b) coverage for the entity is not otherwise more specifically provided, and <br />c) the entity is incorporated or organized under the laws of the United States of America. <br />However, coverage under this provision does not apply to "bodily injury" or "property damage" that occurred <br />before you acquired or formed the entity, or "personal injury" or "advertising injury" arising out of an offense <br />committed before you acquired or formed the entity. <br />Coverage under this provision is afforded only until the end of the policy period, or the twelve (12) month <br />anniversary of the policy inception date whichever is earlier. <br />SECTION III — LIMITS OF INSURANCE <br />Paragraph 2 is amended to include <br />The General Aggregate Limit of Insurance applies separately to each "location" owned by you, rented to you, or <br />occupied by you with the permission of the owner. <br />Paragraph 6. is replaced with the following. <br />6. Subject to 5. above, the Fire Damage Limit is the most we will pay under Coverage A for damages because of <br />"property damage" to premises while rented to you, temporarily occupied by you with permission of the owner, <br />or managed by you under a written agreement with the owner, arising out of any one fire, explosion or <br />sprinkler leakage incident <br />The Fire Damage Limit provided by this policy shall be the greater of <br />a. $500,000, or <br />b. The amount shown in the Declarations. <br />SECTION IV — COMMERCIAL GENERAL LIABILITY CONDITIONS <br />Item 2. a. is replaced with: <br />2. Dubes In The Event of Occurrence, Offense, Clain or Suit <br />a. You must promptly notify us. Your duty to promptly notify us is effective when any of your executive <br />officers, partners, members, or legal representatives is aware of the "occurrence offense, claim, or "suit". <br />Knowledge of an "occurrence", offense, claim or "suit" by other employee(s) does not imply you also have <br />such knowledge. To the extent possible, notice to us should include. <br />1) How. when and where the "occurrence" or offense took place, <br />2) The names and addresses of any injured persons and witnesses, and <br />3) The nature and location of any injury or damage arising out of the "occurrence", offense, claim or <br />"suit". <br />Item 4. b. 1) b) is replaced with. <br />b. Excess Insurance <br />1) b) That is Fire, Explosion or Sprinkler Leakage insurance for premises while rented to you, <br />temporarily occupied by you with permission of the owner, or managed by you under a written <br />agreement with the owner, or <br />Item 6. is amended to include: <br />6. Represerdations <br />d. If you unintentionally fail to disclose any hazards existing at the inception date of your policy, we will not <br />deny coverage under this Coverage Part because of such failure. However.. this provision does not affect <br />our right to collect additional premium or exercise our right of cancellation or non -renewal. <br />includes enpynghted material of In6Grenee SeMoes Of COS Inc., With its permission. <br />GECG 602 (01t11) APPROVED &960,V ORIA <br />LISA E. STORCK <br />Assistant City Attorney ?/�j <br />