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B. General Conditions d. When this coverage form and any other 1. Bankruptcy coverage form or policy covers on the same basis, either excess or primary, we will pay Bankruptcy or insolvency of the"insured"or the only our share. Our share is the proportion "insured's" estate will not relieve us of any obli- that the Limit of Insurance of our coverage gations under this coverage form. form bears to the total of the limits of all the 2. Concealment. Misrepresentation Or Fraud coverage forms and policies covering on This coverage form is void in any case of fraud the same basis. by you at any time as it relates to this coverage 6. Premium Audit form. It is also void if you or any other "in- a. The estimated premium for this coverage sured", at any time, intentionally conceal or form is based on the exposures you told us misrepresent a material fact concerning: you would have when this policy began. We a. This coverage form; will compute the final premium due when b. The covered "auto"; we determine your actual exposures. The estimated total premium will be credited c. Your interest in the covered "auto"; or against the final premium due and the first d. A claim under this coverage form. Named Insured will be billed for the bal- 3. Liberalization bal- ance, if any. The due date for the final pre- mium or retrospective premium is the date If we revise this coverage form to provide more shown as the due date on the bill. If the es- coverage without additional premium charge, timated total premium exceeds the final your policy will automatically provide the addi- premium due, the first Named Insured will tional coverage as of the day the revision is ef- get a refund. fective in your state. b. If this policy is issued for more than one 4. No Benefit To Bailee— Physical Damage year, the premium for this coverage form Coverages will be computed annually based on our We will not recognize any assignment or grant rates or premiums in effect at the beginning any coverage for the benefit of any person or of each year of the policy. organization holding, storing or transporting 7. Policy Period. Coverage Territory property for a fee regardless of any other pro- Under this coverage form, we cover"accidents" vision of this coverage form. and "losses"occurring: 5. Other Insurance a. During the policy period shown in the Dec- a. For any covered "auto" you own, this coy- larations; and erage form provides primary insurance. For b. Within the coverage territory. any covered "auto" you don't own, the in- surance provided by this coverage form is The coverage territory is: excess over any other collectible insurance. (1) The United States of America; However, while a covered "auto" which is a "trailer" is connected to another vehicle, the (2) The territories and possessions of the Unit- Liability Coverage this coverage form ed States of America; pro- vides for the"trailer" is: (3) Puerto Rico; (1) Excess while it is connected to a motor (4) Canada; and vehicle you do not own. (5) Anywhere in the world if: (2) Primary while it is connected to a coy- (a) A covered "auto" of the private passen- ered "auto"you own. ger type is leased, hired, rented or bor- b. For Hired Auto Physical Damage Coverage, rowed without a driver for a period of 30 any covered "auto" you lease, hire, rent or days or less; and borrow is deemed to be a covered "auto" (b) The "insured's" responsibility to pay you own. However, any "auto" that is damages is determined in a "suit" on the leased, hired, rented or borrowed with a merits, in the United States of America, driver is not a covered "auto". the territories and possessions of the c. Regardless of the provisions of Paragraph United States of America, Puerto Rico a. above, this coverage form's Liability or Canada or in a settlement we agree Coverage is primary for any liability as- to. sumed under an "insured contract". CA 00 01 03 10 c) Insurance Services Office, Inc., 2009 Page 9 of 12