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F. SECTION IV — COMMERCIAL GENERAL LIABILITY and SECTION IV — LIQUOR LIABILITY <br /> CONDITIONS, 5. Premium Audit, are deleted and replaced with the following: <br /> 5. Premium Audit <br /> a. We will compute all premiums for this Coverage Part in accordance with our rules and rates. <br /> b. Premium shown in this Coverage Part as advance premium is a deposit premium only. <br /> If the policy is cancelled, to determine any premium refund or additional premium due, we <br /> may elect to use an earned premium computed by an audit or pro rata or less than pro rata <br /> calculation of the advanced premium or minimum premium. Paragraph 5. of A. Cancellation <br /> of the Common Policy Conditions is amended accordingly. <br /> c. The first Named Insured must keep records of the information we need for premium <br /> computation, and send us copies at such times as we may request. <br /> G. SECTION V— DEFINITIONS is amended and the following added: <br /> 1. "Insured Member" means: <br /> a. a member of the First Named Insured shown in the Declarations and named as the Event <br /> Holder on a Certificate of Insurance issued evidencing the "Insured Member's" coverage <br /> under this Master Policy; and <br /> b. evidenced on the Policyholder's Bordereaux filed with the company. <br /> Throughout this policy the words "you" and "your" refer to the "Insured Member" as a Named <br /> Insured under this Master Policy. <br /> 2. "Event Information" means the event and the area or location where the event is being conducted <br /> provided the event is designated on the Certificate of Insurance issued to that "Insured Member" <br /> and Policyholder's Bordereaux filed with the company. <br /> 3. "Certificate policy period" means the period of time coverage under this Master Policy will apply <br /> for the "Insured Member" indicated on the Certificate of Insurance issued to that "Insured <br /> Member". <br /> 4. "Reporting period" means the period of time shown below that you must record and file with us a <br /> Policyholder's Bordereaux on all changes to the issued Certificates of Insurance, including copies <br /> of the Certificates of Insurance issued evidencing the "Insured Member's" coverage under this <br /> Master Policy. <br /> The "reporting period" is: <br /> a. each calendar month starting at policy inception, and then each consequential month, and <br /> b. ninety (90) days from the date of non-renewal or the date of cancellation if this policy is <br /> cancelled prior to policy expiration. <br /> Each monthly Policyholder's Bordereaux shall include Certificates of Insurance issued within the <br /> previous three (3) calendar months that were not previously reported to us. <br /> All references to LIQUOR LIABILITY in this endorsement only apply if a LIQUOR LIABILITY COVERAGE <br /> PART is attached to this policy. <br /> ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. <br /> APPROVED <br /> T1523-0111 By Cynthia Mora at 12:00 pm, Oct 30, 2024 <br />