WORK PLANS - Laserfiche WebLink

Home Browse Search

At our request, the first Named Insured will furnish Such exhaustion or reduction is not a failure to us, as soon as practicable, with a complete copy maintain "controlling underlying insurance". Failure of any "controlling underlying insurance" and any to maintain "controlling underlying insurance" will subsequently issued endorsements or policies not invalidate insurance provided under this which may in any way affect the insurance Coverage Part, but insurance provided under this provided under this Coverage Part. Coverage Part will apply as if the "controlling 5. Cancellation underlying insurance"were in full effect. a. The first Named Insured shown in the The first Named Insured must notify us in writing, Declarations may cancel this policy by mailing as soon as practicable, if any "controlling or delivering to us advance written notice of underlying insurance" is cancelled, not renewed, cancellation. replaced or otherwise terminated, or if the limits or scope of coverage of any "controlling underlying b. We may cancel this policy by mailing or insurance" is changed. delivering to the first Named Insured written 6 Other Insurance notice of cancellation at least: (1) 10 days before the effective date of a. This insurance is excess over, and shall not cancellation if we cancel for nonpayment of contribute with any of the other insurance, premium; or whether primary, excess, contingent or on any other basis. This condition will not apply to (2) 30 days before the effective date of insurance specifically written as excess over cancellation if we cancel for any other this Coverage Part. reason. When this insurance is excess, if no other c. We will mail or deliver our notice to the first insurer defends, we may undertake to do so, Named Insureds lastma" 'mailing address known o g t but we will be entitled to the insureds rights us. against all those other insurers. d. Notice of cancellation will state the effective b. When this insurance is excess over other date of cancellation. The policy period will end insurance, we will pay only our share of the on that date. "ultimate net loss"that exceeds the sum of: e. if this policy is cancelled, we will send the first (1) The total amount that all such other Named Insured any premium refund due. If we insurance would pay for the loss in the cancel, the refund will be pro rata. If the first absence of the insurance provided under Named insured cancels, the refund may be this Coverage Part; and less than pro rata. The cancellation will be effective even i we have (2) The total of all deductible and self-insured f a not made or offered a refund. amounts under all that other insurance. f. If notice is mailed, proof of mailing will be 9. Premium Audit sufficient proof of notice. a. We will compute all premiums for this 6. Changes Coverage Part in accordance with our rules and rates. This Coverage Part contains all the agreements between you and us concerning the insurance b. If this policy is auditable, the premium shown in afforded. The first Named Insured is authorized by this Coverage Part as advance premium is a all other insureds to make changes in the terms of deposit premium only. At the close of each this Coverage Part with our consent. This audit period, we will compute the earned Coverage Part's terms can be amended or waived premium for that period and send notice to the only by endorsement. first Named Insured. The due date for audit premium is the date shown as the due date on 7. Maintenance Of/Changes To Controlling the bill. If the sum of the advance and audit Underlying Insurance premiums paid for the policy period is greater Any "controlling underlying insurance" must be than the earned premium, we will return the maintained in full effect without reduction of excess to the first Named Insured. coverage or limits except for the reduction of aggregate limits in accordance with the provisions c. The first Named Insured must keep records of of such "controlling underlying insurance" that the information we need for premium computation, and send us copies at such times results from "injury or damage" to which this as we may request. insurance applies. i I i Page 4 of 5 ©insurance Services Office, Inc., 2012 CX 00 01 04 13 i