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withrespecttodutiesassuch.That AdditionalInsuredsWhenRequiredqByy <br />5.AdditionalInsuredsWhenRequiredBy <br />WrittenContract,WrittenAgreementOr <br />representativewillhaveallyourrightsand WrittenContract,WrittenAgreementOr <br />dutiesunderthisCoveragePart.PermitPermit <br />e.UnnamedSubsidiary <br />Thefollowingperson(s)ororganization(s)arean <br />additionalinsuredwhenyouhaveagreed,ina <br />Anysubsidiary,andsubsidiarythereof,of <br />writtencontract,writtenagreementorbecauseof <br />yourswhichisalegallyincorporatedentityof <br />apermitissuedbyastateorpoliticalsubdivision, <br />whichyouownafinancialinterestofmore <br />thatsuchpersonororganizationbeaddedasan <br />than50%ofthevotingstockontheeffective <br />additionalinsuredonyourpolicy,providedthe <br />dateoftheCoveragePart. <br />injuryordamageoccurssubsequenttothe <br />Theinsuranceaffordedhereinforany <br />executionofthecontractoragreement. <br />subsidiarynotnamedinthisCoveragePart <br />Apersonororganizationisanadditionalinsured <br />asanamedinsureddoesnotapplytoinjury <br />underthisprovisiononlyforthatperiodoftime <br />ordamagewithrespecttowhichsuchinsured <br />requiredbythecontractoragreement. <br />isalsoanamedinsuredunderanotherpolicy <br />orwouldbeanamedinsuredundersuch <br />However,nosuchpersonororganizationisan <br />policybutforitsterminationortheexhaustion <br />insuredunderthisprovisionifsuchpersonor <br />ofitslimitsofinsurance. <br />organizationisincludedasaninsuredbyan <br />endorsementissuedbyusandmadeapartof <br />3.NewlyAcquiredOrFormedOrganization <br />thisCoveragePart. <br />Anyorganizationyounewlyacquireorform, <br />a.Vendors <br />otherthanapartnership,jointventureorlimited <br />liabilitycompany,andoverwhichyoumaintainAnyperson(s)ororganization(s)(referredto <br />financialinterestofmorethan50%ofthevotingbelowasvendor),butonlywithrespectto <br />stock,willqualifyasaNamedInsuredifthereis"bodilyinjury"or"propertydamage"arising <br />noothersimilarinsuranceavailabletothatoutof"yourproducts"whicharedistributedor <br />organization.However:soldintheregularcourseofthevendor's <br />businessandonlyifthisCoveragePart <br />a.Coverageunderthisprovisionisaffordedonly <br />providescoveragefor"bodilyinjury"or <br />untilthe180thdayafteryouacquireorform <br />"propertydamage"includedwithinthe <br />theorganizationortheendofthepolicy <br />"products-completedoperationshazard". <br />period,whicheverisearlier; <br />(1)Theinsuranceaffordedthevendoris <br />b.Coverage A doesnotapplyto"bodilyinjury" <br />subjecttothefollowingadditional <br />or"propertydamage"thatoccurredbefore <br />exclusions: <br />youacquiredorformedtheorganization;and <br />Thisinsurancedoesnotapplyto: <br />c.Coverage B doesnotapplyto"personaland <br />advertisinginjury"arisingoutofanoffense(a)"Bodilyinjury"or"propertydamage"for <br />committedbeforeyouacquiredorformedthe <br />whichthevendorisobligatedtopay <br />organization. <br />damagesbyreasonoftheassumption <br />ofliabilityinacontractoragreement. <br />4.NonownedWatercraft <br />Thisexclusiondoesnotapplyto <br />Withrespecttowatercraftyoudonotownthatis <br />liabilityfordamagesthatthevendor <br />lessthan51feetlongandisnotbeingusedto <br />wouldhaveintheabsenceofthe <br />carrypersonsforacharge,anypersonisan <br />contractoragreement; <br />insuredwhileoperatingsuchwatercraftwithyour <br />(b)Anyexpresswarrantyunauthorizedby <br />permission.Anyotherpersonororganization <br />you; <br />responsiblefortheconductofsuchpersonis <br />alsoaninsured,butonlywithrespecttoliability(c)Anyphysicalorchemicalchangeinthe <br />arisingoutoftheoperationofthewatercraft,and <br />productmadeintentionallybythe <br />onlyifnootherinsuranceofanykindisavailable <br />vendor; <br />tothatpersonororganizationforthisliability. <br />(d)Repackaging,exceptwhenunpacked <br />However,nopersonororganizationisaninsured <br />solelyforthepurposeofinspection, <br />withrespectto:demonstration,testing,orthe <br />substitutionofpartsunderinstructions <br />a."Bodilyinjury"toaco-"employee"ofthe <br />fromthemanufacturer,andthen <br />personoperatingthewatercraft;or <br />repackagedintheoriginalcontainer; <br />b."Propertydamage"topropertyownedby, <br />(e)Anyfailuretomakesuchinspections, <br />rentedto,inthechargeoforoccupiedbyyou <br />adjustments,testsorservicingasthe <br />ortheemployerofanypersonwhoisan <br />vendorhasagreedtomakeornormally <br />insuredunderthisprovision. <br /> <br />Page12of21HG00010916 <br /> <br />