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UMBRELLA <br />excess, contingent or otherwise. This provision <br />does not apply to a policy bought specifically to <br />apply as excess of this insurance. <br />However, if you specifically agree in a written <br />contract or agreement that the insurance provided <br />to any person or organization that qualifies as an <br />insured under this insurance must apply on a <br />primary basis, or a primary and non-contributory <br />basis, then insurance provided under Coverage A <br />is subject to the following provisions: <br />1. This insurance will apply before any 'other <br />insurance" that is available to such additional <br />insured which covers that person or <br />organization as a named insured, and we will <br />not share with that "other insurance", provided <br />that the injury or damage for which coverage <br />is sought is caused by an "event" that takes <br />place or is committed subsequent to the <br />signing of that contract or agreement by you. <br />2. This insurance is still excess over any valid <br />and collectible "other insurance", whether <br />primary, excess, contingent or otherwise, <br />which covers that person or organization as <br />an additional insured or as any other insured <br />that does not qualify as a named insured. <br />N. PREMIUM <br />1. The first Named Insured shown in the <br />Declarations is responsible for the payment of <br />all premiums and will be the payee for any <br />return premiums. <br />2. If the premium is a flat charge, it is not subject <br />to adjustment except as provided in <br />Paragraph 4. below. <br />3. If the premium is other than a flat charge, it is <br />an advance premium only. The earned <br />premium will be computed at the end of the <br />policy period, or at the end of each year of the <br />policy period if the policy period is two years <br />or longer, at the rate shown in the <br />Declarations, subject to the Minimum <br />Premium, <br />4. Additional premium may become payable <br />when coverage is provided for additional <br />insureds under the provisions of SECTION II <br />—WHO IS AN INSURED. <br />O. PREMIUM AUDIT <br />The premium for this policy is the amount stated <br />in Item S. of the Declarations. The premium is a <br />flat charge unless it is specified in the <br />Declarations as adjustable. <br />P. PROHIBITED COVERAGE — UNLICENSED <br />INSURANCE <br />1. With respect to loss sustained by any insured <br />in a country or jurisdiction in which we are not <br />licensed to provide this insurance, this <br />insurance does not apply to the extent that <br />insuring such loss would violate the laws or <br />regulations of such country or jurisdiction. <br />2. We do not assume responsibility for: <br />a. The payment of any fine, fee, penalty or <br />other charge that may be imposed on any <br />person or organization in any country or <br />jurisdiction because we are not licensed <br />to provide insurance in such country or <br />jurisdiction; or <br />b. The furnishing of certificates or other <br />evidence of insurance in any country or <br />jurisdiction in which we are not licensed to <br />provide insurance. <br />Q. PROHIBITED COVERAGE — TRADE OR <br />ECONOMIC SANCTIONS <br />We will provide coverage for any loss, or <br />otherwise will provide any benefit, only to the <br />extent that providing such coverage or benefit <br />does not expose us or any of our affiliated or <br />parent companies to: <br />1. Any trade or economic sanction under any law <br />or regulation of the United States of America; <br />or <br />2. Any other applicable trade or economic <br />sanction, prohibition or restriction. <br />R. REPRESENTATIONS <br />By accepting this insurance, you agree: <br />1. The statements in the Declarations and any <br />subsequent notice relating to "underlying <br />insurance" are accurate and complete; <br />2. Those statements are based upon <br />representations you made to us; and <br />3. We have issued this insurance in reliance upon <br />your representations. <br />S. SEPARATION OF INSUREDS <br />Except with respect to the Limits of Insurance, <br />and any rights or duties specifically assigned in <br />this policy to the first Named Insured shown in the <br />Declarations, this insurance applies: <br />1. As if each Named Insured were the only <br />Named Insured; and <br />2. Separately to each insured against whom <br />claim is made or "suit" is brought. <br />EU 00 01 07 16 © 2016 The Travelers Indemnity Company. All rights reserved. <br />s.� .Risk MwagmdDIvIsbnREVWED&APP <br />Rik Management <br />