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(3) When this insurance is excess over other c. We have issued this policy in reliance upon insurance, we will pay only our share of the your representations. amount of the loss, if any, that exceeds the 7, Separation Of Insureds sum of: Except with respect to the Limits of Insurance, and (a) The total amount that all such other any rights or duties specifically assigned in this insurance would pay for the loss in the Coverage Part to the first Named Insured, this in- absence of this insurance; and surance applies: (b) The total of all deductible and self- a. As if each Named Insured were the only Named insured amounts under all that other in- Insured; and surance. b. Separately to each insured against whom claim (4) We will share the remaining loss, if any,with is made or "suit"is brought. any other insurance that is not described in this Excess Insurance provision and was 8. Transfer Of Rights Of Recovery Against Others To not bought specifically to apply in excess of Us the Limits of Insurance shown in the Decla- If the insured has rights to recover all or part of rations of this Coverage Part. any payment we have made under this Coverage c. Method Of Sharing Part, those rights are transferred to us. The in- sured must do nothing after loss to impair them. At If all of the other insurance permits contribution our request, the insured will bring "suit" or transfer by equal shares, we will follow this method those rights to us and help us enforce them. also. Under this approach each insurer con- tributes equal amounts until it has paid its ap- 9. When We Do Not Renew plicable limit of insurance or none of the loss If we decide not to renew this Coverage Part, we remains, whichever comes first. will mail or deliver to the first Named Insured If any of the other insurance does not permit shown in the Declarations written notice of the contribution by equal shares,we will contribute nonrenewal not less than 30 days before the expi- by limits. Under this method, each insurer's ration date. share is based on the ratio of its applicable limit If notice is mailed, proof of mailing will be sufficient of insurance to the total applicable limits of in- proof of notice. surance of all insurers. SECTION V—DEFINITIONS 5. Premium Audit 1. "Advertisement" means a notice that is broadcast a. We will compute all premiums for this Coverage or published to the general public or specific mar- Part in accordance with our rules and rates. ket segments about your goods, products or ser- b. Premium shown in this Coverage Part as ad- vices for the purpose of attracting customers or vance premium is a deposit premium only. At supporters. For the purposes of this definition: the close of each audit period we will compute a. Notices that are published include material the earned premium for that period and send placed on the Internet or on similar electronic notice to the first Named Insured. The due date means of communication; and for audit and retrospective premiums is the b. Regarding web-sites, only that part of a web- date shown as the due date on the bill. If the site that is about your goods, products or ser- sum of the advance and audit premiums paid vices for the purposes of attracting customers for the policy period is greater than the earned or supporters is considered an advertisement. premium, we will return the excess to the first Named Insured. 2. "Auto"means: c. The first Named Insured must keep records of a. A land motor vehicle, trailer or semitrailer de- the information we need for premium computa- signed for travel on public roads, including any tion, and send us copies at such times as we attached machinery or equipment; or may request. b. Any other land vehicle that is subject to a corn- 6. Representations pulsory or financial responsibility law or other By accepting this policy, you agree: motor vehicle insurance law in the state where it is licensed or principally garaged. a. The statements in the Declarations are accurate However, "auto" does not include "mobile equip- and complete; ment". b. Those statements are based upon representa- tions you made to us; and Page 12 of 16 © ISO Properties, Inc., 2006 CG 00 01 12 07 0 AGENT/BROKER COPY