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1. Broad Form Named Insured <br />a. The second paragraph of the preamble <br />of this Coverage Form is replaced by <br />the following: <br />Throughout this policy the words "you" <br />and "your" refer to the Named Insured <br />shown in the Declarations, any other <br />person or organization qualifying as a <br />Named Insured under this policy, and <br />any "controlled business entity The <br />words "we", "us" and "our" refer to the <br />company providing this insurance. <br />As used in this endorsement, the term <br />"controlled business entity" means any <br />business entity in which the Named <br />Insured awns an interest of more than <br />50 percent during the policy period and <br />for which similar coverage is not <br />otherwise more specifically provided. <br />However, we will not pay any sums such <br />a "controlled business entity" must pay <br />as damages because of "bodily injury" <br />or "property damage" to which this <br />insurance applies caused by an <br />"occurrence" that occurred before the <br />Named Insured acquired or formed the <br />"controlled business entity", or because <br />of "personal and advertising injury" to <br />which this insurance applies caused by <br />an offense committed before the Named <br />Insured acquired or formed the <br />"controlled business entity." <br />Notwithstanding the foregoing, we will <br />not pay any sums or perform any acts or <br />services on behalf of any person or <br />organization for which coverage is <br />specifically excluded by endorsement. <br />b. Paragraph 3. of Section II — Who Is An <br />Insured of the COMMERCIAL <br />GENERAL LIABILITY COVERAGE <br />FORM is deleted in its entirety. <br />2. Nonowned Watercraft <br />Paragraph g.(2) of 2. Exclusions of <br />Section I — Coverage A Bodily Injury And <br />Property Damage Liability of the <br />COMMERCIAL GENERAL LIABILITY <br />COVERAGE FORM is replaced by the <br />following: <br />(2) A watercraft you do not own that is: <br />(a) Less than 75 feet long; and <br />(b) Not being used to carry persons or <br />property for a charge; <br />3. Property Damage — Property Loaned To <br />You <br />Paragraph j.(3) of 2. Exclusions of Section <br />I — Coverage A Bodily.injury And <br />Property Damage Liability of the <br />COMMERCIAL GENERAL LIABILITY <br />COVERAGE FORM is amended by adding <br />the following: <br />This exclusion j.(3) does not apply to <br />property loaned to you, which is riot being <br />used by you to perform "your work". <br />Our obligation to pay for damages because <br />of such "property damage" is excess over <br />any valid and collectible insurance (including <br />any deductible), whether primary, excess, <br />contingent or on any other basis. <br />4. Property Damage Liability - Elevators <br />Exclusions j. and k. of Section I — <br />Coverage A Bodily Injury And Property <br />Damage Liability of the COMMERCIAL <br />GENERAL LIABILITY COVERAGE FORM <br />are amended as follows: <br />a. Exclusion j, is amended to add the <br />following: <br />Paragraphs (3), (4) and (6) of this <br />exclusion j. do not apply to "property <br />damage" arising out of the use of an <br />elevator at premises you own, rent or <br />occupy. <br />b. Exclusion k. is amended to add the <br />following: <br />This exclusion k. does no apply to: <br />(1) The use o.oVors; A0 <br />(2) <br />agreement. <br />Ourobligation t �L#tii f�9amages <br />because of pr�9 ffjpvamage" is <br />excess over any oth�rballd and collectible <br />MS 6401 05 15 Page 2 of 9 <br />(Includes copyrighted material of Insurance Services Offices, Inc. with its permission) <br />AGENTSCOPV <br />