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(3) When this insurance is excess over other <br />insurance, we will pay only our share of the <br />amount of the loss, if any, that exceeds the <br />sum of: <br />(a) The total amount that all such other <br />insurance would pay for the loss in the <br />absence of this insurance; and <br />(b) The total of all deductible and self. <br />insured amounts under all that other in- <br />surance. <br />(4) We will share the remaining loss, if any, <br />with any other insurance that is not de- <br />scribed in this Excess Insurance provision <br />and was not bought specifically to apply in <br />excess of the Limits of Insurance shown in <br />the Declarations of this Coverage Part. <br />c. Method Of Sharing <br />If all of the other insurance permits contribution <br />by equal shares, we will follow this method <br />also. Under this approach each insurer con- <br />tributes equal amounts until 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 />contribution by equal shares, we will contribute <br />by limits. Under this method, each insurer's <br />share is based on the ratio of its applicable <br />limit of insurance to the total applicable limits of <br />insurance of all insurers. <br />5. Premium Audit <br />a. We will compute all premiums for this Cover- <br />age Part in accordance 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 />the close of each audit period we will compute <br />the earned premium for that period and send <br />notice to the first Named Insured. The due date <br />for audit and retrospective premiums is the <br />date shown as the due date on the bill. if the <br />sum of the advance and audit premiums paid <br />for the policy period is greater than the earned <br />premium, we will return the excess to the first <br />Named Insured. <br />c. The first Named Insured must keep records of <br />the information we need for premium computa- <br />tion, and send us copies at such times as we <br />may request. <br />6. Representations <br />By accepting this policy, you agree: <br />a. The statements in the Declarations are accu- <br />rate and complete; <br />b. Those statements are based upon representa- <br />tions you made to us; and <br />c. We have issued this policy in reliance upon <br />your representations. <br />7. Separation Of Insureds <br />Except with respect to the Limits of Insurance, and <br />any rights or duties specifically assigned in this <br />Coverage Part to the first Named Insured, this in- <br />surance applies: <br />a. As if each Named Insured were the only <br />Named Insured; and <br />b. Separately to each Insured against whom claim <br />is made or "suit" is brought. <br />8. Transfer Of Rights Of Recovery Against Others <br />To Us <br />If the nt®rred has rights to recover all or part of <br />any payment we have made under this Coverage <br />Part, those rights are transferred to us. The in- <br />sured must do nothing after loss to impair them. At <br />our request, the insured will bring "suit" or transfer <br />those rights to us and help us enforce them. <br />9. When We Do Not Renew <br />If we decide not to renew this Coverage Part, we <br />will mail or deliver to the first Named Insured <br />shown in the Declarations written notice of the <br />nonrenewal not less than 30 days before the expi- <br />ration date. <br />If notice is mailed, proof of mailing will be sufficient <br />proof of notice. <br />SECTION V — DEFINITIONS <br />"Advertisement" means a notice that is broadcast <br />or published to the general public or specific mar- <br />ket segments about your goods, products or ser- <br />vices for the purpose of attracting customers or <br />supporters. For the purposes of this definition <br />a. Notices that are published include material <br />placed on the Internet or on similar electronic <br />means of communication; and <br />b. Regarding web - sites, only that part of a web - <br />site that is about your goods, products or ser- <br />vices for the purposes of attracting customers <br />or supporters is considered an advertisement. <br />2. "Auto" means: <br />a. A land motor vehicle, trailer or semitrailer de- <br />signed for travel on public roads, including any <br />attached machinery or equipment; or <br />b. Any other land vehicle that is subject to a com- <br />pulsory or financial responsibility law or other <br />motor vehicle insurance law in the state where <br />it is licensed or principally garaged. <br />However, "auto" does not include "mobile equip- <br />ment". <br />Page 12 of 16 © ISO Properties, Inc., 2006 CG 00 01 12 07 ❑ <br />