Laserfiche WebLink
brought, except with respect to the limit of our liability under LIMITS OF INSURANCE (SECTION IV). <br /> "Occurrence" means <br /> 1. With respect to "bodily injury" or "property damage": an accident, including continuous or repeated exposure to <br /> substantially the same general harmful conditions, and <br /> 2. With respect to "personal and advertising injury": an offense described in one of the numbered subdivisions of that <br /> definition in the "underlying insurance". <br /> "Policy period" means the period beginning with the inception date stated as such in the Declarations and ending with <br /> the earlier of: <br /> 1. The date of cancellation of this policy; or <br /> 2. The expiration date stated as such in the Declarations. <br /> "Self-insured retention" means the amount stated as such in the Declarations which is retained and payable by the <br /> "insured" with respect to each "occurrence". <br /> "Underlying insurance" means the insurance policies listed in the Schedule of Underlying Insurance Policies, including <br /> any renewals or replacements thereof, which provide the underlying coverages and limits stated in the Schedule of <br /> Underlying Insurance Policies. The limit of"underlying insurance" includes: <br /> 1. Any deductible amount; <br /> 2. Any participation of any"insured"; and <br /> 3. Any"self-insured retention" above or beneath any such policy; <br /> Less the amount, if any, by which the aggregate limit of such insurance has been reduced by any payment relating to any <br /> act, error, omission, injury, damage or offense for which insurance is provided by this policy, including Medical Payments <br /> Coverage as described in the "underlying insurance." The coverages and limits of such policies and any such deductible <br /> amount, participation or"self-insured retention" shall be deemed to be applicable regardless of: <br /> 1. Any defense which any underlying insurer may assert because of the "insured's" failure to comply with any condition <br /> of its policy; or <br /> 2. The actual or alleged insolvency or financial impairment of any underlying insurer or any "insured". <br /> The risk of insolvency or financial impairment of any underlying insurer or any"insured" is borne by you and not by us. <br /> Page 14 of 14 Form XL 00 03 09 16 <br />