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PI-SAM-008 (05/19) <br />2. Premium shown in this Coverage Part as advance premium is a deposit premium only. At the <br />close of each audit period we will compute the earned premium for that period. Audit premiums <br />are due and payable on notice to the first Named Insured. If the sum of the advance and audit <br />premiums paid for the policy term is greater than the earned premium, we will return the excess <br />to the first Named Insured; and <br />3. The first Named Insured must keep records of the information we need for premium computation, <br />and send us copies at such times as we may request. <br />F. Representations <br />By accepting this policy, the insured agrees: <br />1. The statements in the Declarations, and in the application for insurance are accurate and <br />complete; <br />2. Those statements are based upon representations made by the insureds; and <br />3. We have issued this policy in reliance upon those representations. <br />G. Transfer of Rights of Recovery Against Others To Us <br />If the insured has rights to recover all or part of any payment we have made under this Coverage <br />Part, those rights are transferred to us. The insured must do nothing after loss to impair them. At our <br />request, the insured will bring "suit" or transfer those rights to us and help us enforce them. <br />H. Two Or More Coverage Parts Or Policies Issued By Us <br />It is our stated intention that the various coverage parts or policies issued to you by us, or any <br />company affiliated with us, do not provide any duplication or overlap of coverage for the same "claim" <br />or "suit" We have exercised diligence to draft our coverage parts and policies to reflect this intention, <br />but should the circumstances of any "claim" or "suit' give rise to such duplication or overlap of <br />coverage, then, notwithstanding any other provision of this or any other policy, if this policy and any <br />other coverage part or policy issued to you by us, or any company affiliated with us, apply to the <br />same "abusive conduct," professional incident, occurrence, offense, wrongful act, accident or loss, <br />"claim" or "suit," the maximum limit of insurance under all such coverage parts or policies combined <br />shall not exceed the highest applicable limit of insurance under any one coverage part or policy. <br />This condition does not apply to any Excess or Umbrella policy issued by us specifically to apply as <br />excess insurance over this policy. <br />I. When We Do Not Renew <br />If we decide not to renew this Coverage Part, we will mail or deliver to the first Named Insured shown <br />in the Declarations written notice of the nonrenewal not less than 30 days before the expiration date. <br />PI-SAM-008 (05/19) <br />Page 8 of 10 <br />©2019 Philadelphia Consolidated Holding Corp. <br />Includes copyrighted material of Insurance Services Office, Inc., with pei <br />yam. Ridv.ALrugemala. <br />�" IhinEWEDfi ArrowRovm®ar. <br />Risk Management Specialist <br />