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Item 4. is replaced with: <br />4. Any subsidiaries, companies, corporations, firms, <br />or organizations you acquire or form during the <br />policy period over which you maintain a controlling <br />interest of greater than 50% of the stock or assets, <br />will qualify as a Named Insured if: <br />a) you have the responsibility of placing insurance <br />for such entity; and <br />b) coverage for the entity is not otherwise more <br />specifically provided; and <br />c) the entity is incorporated or organized under <br />the laws of the United States of America. <br />However; coverage under this provision does not <br />apply to "bodily injury" or "property damage' that <br />occurred before you acquired or formed the entity, <br />or "personal injury" or "advertising injury" arising <br />out <br />of an offense committed before you acquired or <br />formed the entity. <br />Coverage under this provision is afforded only <br />until the end of the policy period, or the twelve <br />(12) month anniversary of the policy inception <br />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 <br />separately to each 'location" owned by you, rented <br />to you, or occupied by you with the permission of <br />the owner. <br />Paragraph 6. is replaced with the following. <br />6. Subject to 5. above, the Fire Damage Limit is the <br />most we will pay under Coverage A for damages <br />because of "property damage' to premises while <br />rented to you, temporarily occupied by you with <br />permission of the owner, or managed by you under <br />a written agreement with the owner, arising out of <br />any one fire, explosion or sprinkler leakage incident. <br />COMMERCIAL LIABILITY EXTENSION ENDORSEMENT <br />SS 02 01 01 11 <br />SECTION IV - COMMERCIAL GENERAL LIABILITY <br />CONDITIONS <br />Item 2. a. is replaced with: <br />2, Duties in The Event of Occurrence, Offense, <br />Claim or Suit <br />a. You must promptly notify us. Your duty to <br />promptly notify us is effective when any of your <br />executive officers, partners, members, or legal <br />representatives is aware of the 'occurrence', <br />offense, claim, or "suit". Knowledge of an <br />"occurrence", offense, claim or "suit" by other <br />employee(s) does not imply you also have such <br />knowledge. To the extent possible, notice to us <br />should include: <br />1) How, when and where the 'occurrence' or <br />offense took place; <br />2) The names and addresses of any injured <br />persons and witnesses; and <br />3) The nature and location of any injury or <br />damage arising out of the "occurrence", offense, <br />claim or "suit'. <br />Item 4. b. 1) b) is replaced with: <br />b. Excess Insurance <br />1) b) That is Fire, Explosion or Sprinkler <br />Leakage insurance for premises while rented to <br />you, temporarily occupied by you with <br />permission of the owner, or managed by you <br />under a written agreement with the owner; or <br />Item 6. is amended to include: <br />6. Representations <br />d. If you unintentionally fail to disclose any <br />hazards existing at the inception date of your <br />policy, we will not deny coverage under this <br />Coverage Part because of such failure. However, <br />this provision does not affect our right to collect <br />additional premium or exercise our right of <br />cancellation or non -renewal. <br />The Fire Damage Limit provided by this policy shall Item 8. is replaced with: <br />be the greater of: <br />S. Transfer of Rights Of Recovery Against <br />a. $500,000. or d b�'. Others To Us <br />b. The amount shown in the De?Tions. If the insured has rights to recover all or part of <br />r <br />SS 02 01 Q1 11 Includes copy <br />righte yF +�f 0iltanQc Services Offices, Inc. with its permission Page 2 of 4 <br />�tRGa�Pf�dmtn• <br />P <br />