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Policy Number: QC1202675 <br />SECURITY DETAILS <br />INSURER'S <br />LIABILITY: LMA3333 <br />(Re)insurer's liability several not joint <br />Acw <br />The liability of a (re)insurer under this contract is several and not joint with <br />other (re)insurers party to this contract. A (re)insurer is liable only for the <br />proportion of liability it has underwritten. A (re)insurer is not jointly liable for <br />the proportion of liability underwritten by any other (re)insurer. Nor is a <br />(re)insurer otherwise responsible for any liability of any other (re)insurer <br />that may underwrite this contract. <br />The proportion of liability under this contract underwritten by a (re)insurer <br />(or, in the case of a Lloyd's syndicate, the total of the proportions <br />underwritten by all the members of the syndicate taken together) is shown <br />next to its stamp. This is subject always to the provision concerning <br />"signing" below. <br />In the case of a Lloyd's syndicate, each member of the syndicate (rather <br />than the syndicate itself) is a (re)insurer. Each member has underwritten a <br />proportion of the total shown for the syndicate (that total itself being the <br />total of the proportions underwritten by all the members of the syndicate <br />taken together). The liability of each member of the syndicate is several <br />and not joint with other members. A member is liable only for that <br />member's proportion. A member is not jointly liable for any other member's <br />proportion. Nor is any member otherwise responsible for any liability of <br />any other (re)insurer that may underwrite this contract. The business <br />address of each member is Lloyd's, One Lime Street, London EC3M 7HA. <br />The identity of each member of a Lloyd's syndicate and their respective <br />proportion may be obtained by writing to Market Services, Lloyd's, at the <br />above address. <br />Proportion of liability <br />Unless there is "signing" (see below), the proportion of liability under this <br />contract underwritten by each (re)insurer (or, in the case of a Lloyd's <br />syndicate, the total of the proportions underwritten by all the members of <br />the syndicate taken together) is shown next to its stamp and is referred to <br />as its "written line". <br />Where this contract permits, written lines, or certain written lines, may be <br />adjusted ("signed"). In that case a schedule is to be appended to this <br />contract to show the definitive proportion of liability under this contract <br />underwritten by each (re)insurer (or, in the case of a Lloyd's syndicate, the <br />total of the proportions underwritten by all the members of the syndicate <br />taken together). A definitive proportion (or, in the case of a Lloyd's <br />syndicate, the total of the proportions underwritten by all the members of a <br />Lloyd's syndicate taken together) is referred to as a "signed line". The <br />signed lines shown in the schedule will prevail over the written lines unless <br />a proven error in calculation has occurred. <br />Market Submission - Security Details Page 43 of 44 <br />MB 29/06/12 01 <br />