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interest of more than 50% of the voting stock, will 6. Additional Insureds When Required By Written qualify as a Named Insured if there is no other Contract, Written Agreement Or Permit similar insurance available to that organization. The following person(s) or organization(s) are an However: additional insured when you have agreed, in a a. Coverage under this provision is afforded only written contract, written agreement or because of until the 90th day after you acquire or form the a permit issued by a state or political subdivision, organization or the end of the "policy period", that such person or organization be added as an whichever is earlier; additional insured on your policy, provided the b. Coverage A does not apply to "bodily injury" or injury or damage occurs subsequent to the "property damage" that occurred before execution of the contract agreement. you acquired or formed the organization; and A person or organization is an additional insured c. Coverage B does not apply to "personal and under this provision only for that period of time advertising injury" arising out of an offense required by the contract or agreement. committed before you acquired or formed the However, no such person or organization is an organization. insured under this provision if such person or 4. Mobile Equipment organization is included as an insured by an With respect to "mobile equipment" registered in endorsement issued by us and made part of this your name under any motor vehicle registration Coverage Part. law, any person is an insured while driving such a. Vendors equipment along a public highway with your Any person(s) or organization(s) (referred to permission. Any other person or organization below as vendor), but only with respect to responsible for the conduct of such person is also "bodily injury" or"property damage" arising out an insured, but only with respect to liability arising of"your products"which are distributed or sold out of the operation of the equipment, and only if in the regular course of the vendor's business; no other insurance of any kind is available to that and only if this Coverage Part provides person or organization for this liability. However, coverage for "bodily injury" or "property no person or organization is an insured with damage" included within the "products- respect to: completed operations hazard". a. "Bodily injury" to a co-"employee" of the (1)The insurance afforded the vendor is person driving the equipment; or subject to the following additional b. "Property damage"to property owned by, exclusions: rented to, in the charge of or occupied by you This insurance does not apply to: or the employer of any person who is an (a) "Bodily injury" or "property damage" insured under this provision. for which the vendor is obligated to 5. Nonowned Watercraft pay damages by reason of the With respect to watercraft you do not own that is assumption of liability in a contract or less than 51 feet long and is not being used to agreement. This exclusion does not carry persons for a charge, any person is an apply to liability for damages that the insured while operating such watercraft with your vendor would have in the absence of permission. Any other person or organization the contract or agreement; responsible for the conduct of such person is also (b)Any express warranty unauthorized an insured, but only with respect to liability arising by you; out of the operation of the watercraft, and only if (c) Any physical or chemical change in no other insurance of any kind is available to that the product made intentionally by the person or organization for this liability. vendor; However, no person or organization is an insured with respect to: (d) Repackaging except when unpacked solely for the purpose of inspection, a. "Bodily injury" to a co-"employee" of the demonstration, testing, or the person operating the watercraft; or substitution of parts under instructions b. "Property damage"to property owned by, from the manufacturer, and then rented to, in the charge of or occupied by you repackaged in the original container; or the employer of any person who is an (e)Any failure to make such inspections, insured under this provision. adjustments, tests or servicing as the vendor has agreed to make or Form EH 00 02 06 05 Page 13 of 23