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b. Excess Insurance <br />(1) This insurance is excess over: <br />(a) Any of the other insurance, whether <br />primary, excess, contingent or on any <br />other basis: <br />(1) That is Fire, Extended Coverage, <br />Builder's Risk, Installation Risk or <br />similar coverage for "your work"; <br />(ii) That is Fire insurance for premises <br />rented to you or temporarily occu- <br />pied by you with permission of the <br />owner; <br />(Ili) That is insurance purchased by you <br />to cover your liability as a tenant for <br />"property damage" to premises rent- <br />ed to you or temporarily occupied by <br />you with permission of the owner; or <br />(iv) If the loss arises out of the mainte- <br />nance or use of aircraft, "autos" or <br />watercraft. <br />(b) Any other primary insurance available to <br />you covering liability for damages aris- <br />ing out of the premises or operations, or <br />the products and completed operations, <br />for which you have been added as an <br />additional insured. <br />(2) When this insurance is excess, we will have <br />no duty under Coverages A or B to defend <br />the insured against any "suit" if any other <br />insurer has a duty to defend the insured <br />against that "suit". If no other insurer de- <br />fends, we will undertake to do so, but we <br />will be entitled to the insured's rights <br />against all those other insurers. <br />(3) When this insurance is excess over other <br />insurance, we will pay only our share of the <br />amount of the loss, if any, that exceeds the <br />sum of: <br />(a) The total amount that all such other <br />insurance would pay for the loss in the <br />absence of this insurance; and <br />(b) The total of all deductible and self - <br />insured amounts under all that other in- <br />surance. <br />(4) We will share the remaining loss, if any, <br />with any other insurance that is not de- <br />scribed in this Excess Insurance provision <br />and was not bought specifically to apply in <br />excess of the Limits of Insurance shown in <br />the Declarations of this Coverage Part. <br />c. Method Of Sharing <br />If all of the other insurance permits contribution <br />by equal shares, we will follow this method al- <br />so. Under this approach each insurer contrib- <br />utes equal amounts until it has paid its appli- <br />cable limit of insurance or none of the loss <br />remains, whichever comes first. <br />If any of the other insurance does not permit <br />contribution by equal shares, we will contribute <br />by limits. Under this method, each insurer's <br />share is based on the ratio of its applicable lim- <br />it of insurance to the total applicable limits of <br />insurance of all insurers. <br />5. Premium Audit <br />a. We will compute all premiums for this Cover- <br />age Part in accordance with our rules and <br />rates. <br />b. We may audit your books and records as they <br />relate to this insurance at any time during the <br />term of this policy and up to three years after- <br />wards. <br />c. The first Named Insured must keep records of <br />the information we need for premium computa- <br />tion, and send us copies at such times as we <br />may request. <br />6. Representations <br />By accepting this policy, you agree:, <br />a. The statements in the Declarations are accu- <br />rate and complete; <br />b. Those statements are based upon representa- <br />tions you made to us; and <br />c. We. have issued this .policy in reliance upon <br />your representations. <br />7. Separation Of insureds <br />Except with respect to the Limits of Insurance, and <br />any rights or duties specifically assigned in this <br />Coverage Part to the first Named Insured, this in- <br />surance applies: <br />a. As if each Named Insured were the only <br />Named Insured; and <br />b. Separately to each insured against whom <br />claim is made or "suit" is brought. <br />8. Transfer Or Waiver Of Rights Of Recovery <br />Against Others To Us <br />We will waive the right of recovery we would oth- <br />prwise have had against another person or organ- <br />ization, for loss to which this insurance applies, <br />provided the insured has waived their rights of re- <br />covery against such person or organization in a <br />contract or agreement that is executed before <br />such loss. <br />material of ISO Properties, Form 10- vhnsn.�o,-ma . <br />Page 12 of 16 Includes copyrighted` ui ?ate Pc ea« <br />Inc., with its permission <br />__— rsnmM,"aee,R„,on�Uiaae <br />