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Conditions <br />doint Dutios in Nor?- I . make such invcstigation, defense or sottlernent as we deem reasonable; <br />Admitted Jurisdictions 2, obtain our approval for any payment; and <br />(continued) <br />3, effect approved payments to others, in accordance Mth the terms and conditions of <br />this insurance. <br />C. we will reimburso fluids to the insured for payments approved by us for: <br />I. loss; and <br />2. expenses anti other payments; to which this insurance applies. <br />Tx we will make those reintbursenlentw <br />I. in a jurisdiclimt that is mutually acceptable; and <br />2. mail wo have used up Ate applicable Limits Of'hisaranco. <br />LegatAction Against Us No person or organization has a right Under this insurance to: <br />join us as a pare or otherwise bring us into a stilt seeking damages from an insureds or <br />site to on this insurance Unless all of rho tenns and conditions orthis insurance, have been <br />fully compliM with. <br />A person or neganizntion may %tire its to recover on an agreedsettlement or on a final judgment. <br />against an insured obtaincd after an acttnd: <br />trial in a civil proceeding; or <br />• arbitration or other alternative dispute resolution proceeding; <br />but we will not be liable for daatn,ges that are tint payable under the terms and conditions orthis <br />insurance or that are in excess of flee applicable Limits Of Insurance - <br />Maintenance Of Underlying We have issued this insurance, in rdimree upon represu:ntatians matte by you about underlying <br />inSUrance And Underlying insurance and underlying limits. You must see to it that: <br />LlrrillS • underlying insurance Is and remains valid and in fall farce and effect. <br />underlying Insurance will not be cancelled, non -renewed or rescinded without <br />rcplacemcnt by coverage to which we agree. <br />• the terms and conditions or underlying insurance will not materially change, mils we <br />agree otherwise. <br />[lie turns and conditions of tenewt& or rephtcemcnis of underlying hisunauco, shown <br />In the Schedule Or llndortyinG Insurance, will be materially the same as theprlor <br />coverage, unless we agree othclwisc. <br />• the underlying limits arc and remain available, regardless of any bankruptcy, insolvency <br />or other hoarreiat I'n§pair ll0al o rany inituvr or Any otter person or organization. <br />• the underlying Ihulls� shown in the Schedule of Underlying tnsuraacc, will not be <br />reduced or exhausted, except ror die reduction or exhaustion by payment arjudgmems, <br />settlements or related costs or expenses (ifsuoh costa or expenses reduce such limits). <br />Chubs CommeroW Excosv And Unlbra9u arisoranca _ <br />form 01-02-0816 (Rev. 7-01) Cr)fraef <br />� w+e• ltaekMsagementDEWaloa ^� <br />pp�, rRi:mMED&APPROVEDRY <br />�� ri 1;� ['AtL6^InM1�4 �, V•.uN�3eFK }v <br />t <br />Risk Management Analyst <br />Xt <br />