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D. Other Insurance <br /> This insurance does not apply to any portion of a loss for which the insured has available any other valid and <br /> collectible insurance, whether primary,excess,contingent,or on any other basis, unless such other insurance <br /> was specifically purchased by the insured to apply in excess of this policy. <br /> Item 12. Aircraft With Chartered Crew <br /> The following is added to Exclusion g. of Section I—Coverage A--Bodily Injury And Property Damage Liability: <br /> This exclusion does not apply to an aircraft that you do not own that is: <br /> (a) Chartered with a pilot by any insured;and <br /> (b) Not being used to carry any person or property for a charge collected or received by the insured. <br /> Item 13. Valet Parking Services <br /> Paragraph (3)of Exclusion g.of Section I—Coverage A— Bodily Injury And Property Damage Liability is replaced <br /> by the following: <br /> (3) Parking an "auto": <br /> (a) On, or on the ways next to, premises you own or rent, provided the"auto" is not owned by or rented or <br /> loaned to you; or <br /> (b) That is not owned by or rented to you as part of your"valet parking services". <br /> 'Valet parking services"means parking arrangements provided by you or those working on your behalf,where your <br /> customer's"auto"is parked and retrieved by an attendant whether or not this service is provided for a fee. <br /> Item 14. Newly Formed Or Acquired Entities <br /> A. Paragraph 3. of Section II—Who Is An Insured is replaced by the following: <br /> 3. Any organization you newly acquire or form,other than a partnership or joint venture, and over which you <br /> maintain majority ownership or majority interest, will qualify as a Named Insured if there is no other similar <br /> insurance available to that organization. However: <br /> a. Coverage under this provision is afforded only until: <br /> (1) The 180th day after you acquire or form the organization; <br /> (2) Separate coverage is purchased for the organization; or <br /> (3) The end of the policy period <br /> whichever is earlier; <br /> b. Section I—Coverage A—Bodily Injury And Property Damage Liability does not apply to "bodily injury" <br /> or"property damage"that occurred before you acquired or formed the organization;and <br /> c. Section I — Coverage B — Personal And Advertising Injury Liability does not apply to "personal and <br /> advertising injury"arising out of an offense committed before you acquired or formed the organization. <br /> B. The insurance afforded to any organization as a Named Insured under this Item 14. does not apply if a Broad <br /> Form Named Insured endorsement attached to this policy applies to that organization. <br /> LC 04 47 01 17 ©2016 Liberty Mutual insurance Page 5 of 6 <br /> Includes copyrighted material of Insurance Services Office,Inc.,with its permission. <br />