Laserfiche WebLink
Attachment Code: D604007 Master ID: 1514460, Certificate ID: 18906150 <br />ENDORSEMENT NO, <br />AMEND SUBROGATION CLAUSE; WAIVER OF SUBROGATION <br />FOR CLIENTS AND THIRD PARTIES <br />This Endorsement, effective at 12:01 a.m. on November 9, 2024, forms part of <br />Policy No. 0313-5950 <br />Issued to Wilidan Group, Inc. <br />Issued by Allied World Surplus Lines Insurance Company <br />In consideration of the premium charged, 9 is hereby agreed that Section VIII. CONDITIONS, <br />Subsection N. Is deleted in its entirety and replaced as follows: <br />N. SUBROGATION <br />In the event of any payment under this Policy, the Company shall be subrogated to all the <br />Insured's rights of recovery against any person or organization and the Insured shall execute and <br />deliver instruments and papers and do whatever else is necessary to secure such rights. The <br />Insured shall do nothing to prejudice such rights. The Company agrees to waive its right of <br />subrogation against any client of the Insured or any other person or entity for a Claim which is <br />covered by this Policy where the Insured agreed to waive any such rights in writing prior to the <br />date the Wrongful Act giving rise to such Claim first occurred. Any recoveries shall be applied <br />first to subrogation expenses, second to Damages and Defense Expenses paid by the Company, <br />and third in satisfaction of the Policy Deductible shown in Item 4. of the Declarations. Any <br />additional amounts recovered shall be paid to the First Named Insured. <br />All other terms, conditions and limitations of this Policy shall remain unchanged. <br />AE 00062 (08/21) <br />IT <br />Authorized Representative <br />APPROVED <br />By Cynthia Mora at 5:30 pm, Nov 19, 2024 <br />