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1 1 <br />1. Claims or sulfa arising from the same occurrence, offense or medical Incident; or <br />2. Persons or organizations covered in those policies that are jointly and severally liable. <br />In such a case, we shall not be liable under this Policy for an amount greater than the proportion of the <br />loss that this Policy s applicable Limit of Insurance bears to the total applicable Limits of Insurance <br />under alt such policies. <br />In addition, the total amount payable under al! such policies is the highest, single applicable Limit of <br />Insurance among all such policies. <br />~)J. Separation of Insureds <br />Except with respect to the Limits of Insurance and deductive, and except with respect to any rights or <br />duties specifically assigned in this Policy to the Named Insured, this insurance applies: <br />1. As if each insured were the only Insured; and <br />2. Separately to each Insured against whom a claim is made ar suit is brought. <br />K. Banlcruptcy/lnsolvency <br />Your bankruptcy or insolvency will not relieve us of our obligations under this Policy. <br />L. Representations <br />By accepting this Policy, the First Named Insured agrees that: <br />1. The statements in the Declarations and/or Applications are accurate and complete; <br />2. Those statements are based upon representations made to us by you; and <br />3. We have issued this Policy in reliance upon your representations. <br />M. Subrogation <br />H an Insured has rights to recover alt or part of any payment we have made under this Policy, those <br />rights are transferred to us. An Insured shall do nothing to impair these rights after a loss. At our <br />request, an Insured will bring suit or transfer those rights ro us and fully cooperate with us with respect <br />to enforcing them. <br />Any recoveries will be applied in accordance with the following priorities: <br />t. Any person or organization, including the Insured, that have paid an amount in excess of our pay- <br />ment under this policy wilt be reimbursed first; <br />2. We then will be reimbursed up to the amount we have paid; and <br />3. Lastly, any interests, including the Insured, over which our insurance is excess. are entitled to the <br />residual. <br />N. Conformance To Statute <br />To the extent that this Policy conflicts with any law, statute, or regulation applicable tv this Policy, this <br />Policy shall conform to the minimum requirements of that law, statute, or regulation. <br />O. Transfer of Your Rights and Duties <br />79129 (01/05) 10 <br />HC0271 <br />