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CNA Paramount Excess and Umbrella Liability <br />Policy <br />v. <br />vi. <br />3. <br />P. <br />Q. <br />a. <br />b. <br />c. <br />R. <br />S. <br />T. <br />1. <br />2. <br />U. <br />or organization which may be liable to the Insured because of injury or damage to which this <br />insurance may also apply; and <br />will not voluntarily make a payment, except at its own cost, assume any obligation, or incur <br />any expense, other than for first aid, without the Insurer’s prior consent. <br />Cooperation <br />With respect to both Coverage A - Excess Follow Form Liability and Coverage B – Umbrella Liability, <br />the Named Insured will cooperate with the Insurer in addressing all claims required to be reported to <br />the Insurer in accordance with this paragraph O. Notice of Claims/Crisis Management Event/Covered <br />Accident, and refuse, except solely at its own cost, to voluntarily, without the Insurer’s approval, <br />make any payment, admit liability, assume any obligation or incur any expense related thereto. <br />Notices <br />Any notices required to be given by an Insured shall be submitted in writing to the Insurer at the <br />address set forth in the Declarations of this Policy. <br />Other Insurance <br />If the Insured is entitled to be indemnified or otherwise insured in whole or in part for any damages or <br />defense costs by any valid and collectible other insurance for which the Insured otherwise would have <br />been indemnified or otherwise insured in whole or in part by this Policy, the limits of insurance specified <br />in the Declarations of this Policy shall apply in excess of, and shall not contribute to a claim, incident or <br />such event covered by such other insurance. <br />With respect to Coverage A – Excess Follow Form Liability only, if: <br />the Named Insured has agreed in writing in a contract or agreement with a person or entity that <br />this insurance would be primary and would not seek contribution from any other insurance <br />available; <br />Underlying Insurance includes that person or entity as an additional insured; and <br />Underlying Insurance provides coverage on a primary and noncontributory basis as respects that <br />person or entity; <br />then this insurance is primary to and will not seek contribution from any insurance policy where that <br />person or entity is a named insured. <br />Premium <br />All premium charges under this Policy will be computed according to the Insurer’s rules and rating plans <br />that apply at the inception of the current policy period. Premium charges may be paid to the Insurer or <br />its authorized representative. <br />In Rem Actions <br />A quasi in rem action against any vessel owned or operated by or for a Named Insured, or chartered by <br />or for a Named Insured, will be treated in the same manner as though the action were in personam <br />against the Named Insured. <br />Separation of Insureds <br />Except with respect to the limits of insurance, and any rights or duties specifically assigned in this <br />Policy to the First Named Insured, this insurance applies: <br />as if each Named Insured were the only Named Insured; and <br />separately to each Insured against whom a claim is made. <br />Transfer of Interest <br />Form No:Policy No: <br />Policy Effective Date: <br />Underwriting Company: <br />CUE 7011944645 <br />Policy Page: 21 of 32 <br />The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 <br />CNA75504XX (03-2015) <br />Policy Page: 32 of 49 <br />© Copyright CNA All Rights Reserved. <br />Q.Other Insurance <br />If the Insured is entitled to be indemnified or otherwise insured in whole or in part for any damages or <br />defense costs by any valid and collectible other insurance for which the Insured otherwise would have <br />been indemnified or otherwise insured in whole or in part by this Policy, the limits of insurance specified <br />in the Declarations of this Policy shall apply in excess of, and shall not contribute to a claim, incident or <br />such event covered by such other insurance. <br />a. <br />b. <br />c. <br />With respect to Coverage A – Excess Follow Form Liability only, if: <br />the Named Insured has agreed in writing in a contract or agreement with a person or entity that <br />this insurance would be primary and would not seek contribution from any other insurance <br />available; <br />Underlying Insurance includes that person or entity as an additional insured; and <br />Underlying Insurance provides coverage on a primary and noncontributory basis as respects that <br />person or entity; <br />then this insurance is primary to and will not seek contribution from any insurance policy where that <br />person or entity is a named insured. <br />12/31/21