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POLICY NUMBER. GL03714-03 <br />4. Otherinsurance <br />Ifother valid and collectible Insurance isavailable <br />to the insured for o loss we cover under <br />Cmmnagaa A or B of this Coverage Ped, our <br />obligations are limited oofollows: <br />a. Primary Insurance <br />This insurance is primary except when <br />Paragraph h, below applies. If this insurance is <br />primory, our obligations are not affected un/wwm <br />any of the other insurance is also p/immry. <br />Thmn, we will share with all that other <br />insurance by the method described in <br />Paragraph c.below. <br />b. Excess Insurance <br />(1) This insurance is excess over: <br />(a) Any of the other insurance, whether <br />primary, . contingent or on any <br />other basis: <br />(U That is Fire. Extended Covemga, <br />Builder's Risk, Installation Risk or <br />similar coverage for "your mmrh"- <br />(0 That is Fire insurance for premises <br />rented to you or temporarily <br />occupied by you with permission of <br />the owner; <br />(M) That ioinsurance purchasedbyyou <br />hzcover your liability as a tenant for <br />"p^opsrty damage" to pmam|aou <br />rented to you or temporarily <br />occupied by you with permission of <br />the owner; or <br />(iv) If the |omm arises out of the <br />maintenance or use of aircraft, <br />"autom^ orwatercraft tothe extent not <br />subject to Exclusion g of Section | — <br />OmwnnmQe A — Bodily Injury And <br />Property Damage Liability, <br />(h) Any other primary Insurance available to <br />you covering |imbi|i\y for damages <br />arising out of the pm:nnisww or <br />operations, or the products and <br />completed operations, for which you <br />have been added as an additional <br />insured. <br />(2) When this insurance is excess, we will have <br />no duty under Coverages A or B to defend <br />the insured against any "Suit" if any other <br />insurer has a duty to defend the insured <br />against that "suit"If no other insurer <br />defends, we will undertake to do so, but we <br />will be entitled to the insured's rights <br />against all those other insurers. <br />(3) When this insurance is excess over other <br />|maunonoe we will pay only our share ofthe <br />amount of the |omo, if any, that exceeds the <br />sum of: <br />(u) The total amount that all such other <br />muunmnue would pay for the |oao in the <br />absence mfthis insurance; and <br />(b) The total of all deductible and self- <br />insured amounts under all that cdha, <br />inounonrw. <br />(4) We will uhmna the remaining |ono` if any, <br />with any other insurance that is not <br />described in this Excess Insurance <br />provision and was not bought specifically to <br />apply inexcess of the L|mKm of Insurance <br />shown in the Declarations pfthis Coverage <br />Part. <br />c. Method Of Sharing <br />hall ofthe other insurance permitscontribution <br />by equal shares, we wN| follow this method <br />also, Under this approach each insurer <br />contributes equal amounts until it has paid its <br />opp||cab}wlimit ofinsurance ornone ofthe loss <br />remains, whichever comes first. <br />If any of the other insurance does not permit <br />contribution by equal mhurem, we will contribute <br />by limits. Under this method, each insurer's <br />share is based on the oedo of its applicable <br />limit ofinsurance tothe total applicable limits cf <br />insurance ofall insurers. <br />S. Premium Audit <br />m. We will compute aN premiums for this <br />Coverage Pad in accordance with our rules <br />and rates, <br />b. Premium shown in this Coverage Part as <br />advance premium is m deposit premium only. <br />At the dose of each audit period we will <br />compute the earned premium for that period <br />and send nuVce to the first Named inounad. <br />The Jpe date for audit and retrospective <br />t b�ls is the �We shown as the due date <br />he f t ;urn of the advance and audit <br />premiums for the policy period is greater <br />(b than th premium, we will return the <br />11n\*C:4V,e f <br />_W1, Named Insured, <br />\ 1�1 . 1rV6t ed Insured must keep records of <br />Mnat <br />we need for premium <br />rmation <br />V00002 <br />,9Q�ion, and send us copies at such times <br />we may request, <br />2yaccepting this policy, you agree: <br />a. The statements in the Declarations are <br />accurate and connp|ebs� <br />Page 12 of 16 0Insurance Services Office, |nc.2012 CG 000i0413 <br />