2006/05/24 Council Agenda Packet

04/13/2006 THU 9: 06 FAX 0006/006 6 • OTHER INSURANCE UNINTENTIONAL FAILURE TO DISCLOSE ALL HAZARDS The first paragraph of Other Insurance of SECTION IV -- COMMERCIAL GENERAL LIABILITY CON- The following Is added to Paragraph 6. Representa- DiTIONS Is replaced with the following; tions of SECTION IV — COMMERCIAL GENERAL LIABiLITY CONDITIONS: If other valid and collectible Insurance, or any self-In- sured retention, Is available to the Insured for a lass If you unintentionally fall to disclose any hazards ex- we cover under COVERAGE A or B of this Coverage !sting at the inception date of your policy, we will not Part, our obligations are limited as follows: deny coverage under this Coverage Form because of such our rightfailure. to collate additional this affect premiummor exercise our METHOD OF SHARING right of cancellation or nonrenewal. The second paragraph of Method of Sharing of SEC- LIBERALIZATION CLAUSE TION IV .-- COMMERCIAL GENERAL LIABILITY CONDITIONS Is replaced with the following: The following paragraph is added to SECTION iV — if any of the other Insurance does not permit contri- COMMERCIAL GENERAL LIABILITY CONDI- bution by equal shares or Is subject to a self-insured T10N5t retention, we will contribute by limits. Under this 10, if a revision to this Coverage Pert, which would method, each insurer's share Is based on the ratio of Provide more coverage with no additional its applicable limit of insurance or self-Insured re- premium, becomes the policy tention or both combined to the total applicable limits periodremiin the state shown effective the duringDeclarations,tpolicy self-Insured Insurance of all Ensurers and the amount of any your policy will automatically provide this addi- tional coverage on the effective date of the re- vision. 35