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b. separately to each"Insured Member"against whom claim is made or"suit' is brought. The Limits of Insurance shown in the Certificate of Insurance issued to the"Insured Member"will apply separately to each"Insured Member"to which this insurance applies. All terms and conditions of this Master Policy are the terms and conditions applicable to the"Insured Member"during the"Certificate policy period". If the expiration date of the"Certificate policy period"shown on the Certificate of Insurance issued to the"Insured Member"is after to the expiration date of the Master Policy,coverage will cease upon the expiration date of the "Certificate policy period."In no event will coverage for the"Insured Member"extend beyond twelve (12)months after the expiration of the Master Policy. If the expiration date of the"Certificate policy period"shown on the Certificate of Insurance issued to the"Insured Member"is prior to the expiration,termination or cancellation date of the Master Policy,coverage will cease upon the expiration date of the"Certificate policy period." If this Master Policy is terminated or cancelled prior to the expiration date of the"Certificate policy period"shown on the Certificate of Insurance issued to the"Insured Member",coverage for the"Insured Member"will continue under the terms and conditions of the Master Policy until the expiration of the"Certificate policy period."In no event will coverage for the"Insured Member"extend beyond twelve(12)months after the termination or cancellation of the Master Policy. E. SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS and SECTION IV - LIQUOR LIABILITY CONDITIONS are amended and the following added: Reporting Provisions a. The premium charged at the inception of each policy year is an advance premium. Upon our receipt of your complete Policyholder's Bordereaux at the end of each"reporting period", an endorsement will be issued by us for any adjustment in premium because of"Insured Member(s)"you added or deleted in the Policyholder's Bordereaux. b. Premium Reporting: (1)You must file a Policyholder's Bordereaux with us each"reporting period"and at Expiration,in accordance with this Reporting Provision, showing separately each"Insured Member"to be covered. In addition to the information required by the Policyholders Bordereaux,you must include a copy of the Certificate of Insurance issued evidencing the "Insured Members"coverage provided by this Master Policy. (2)You may not correct an inaccurate Policyholder's Bordereaux after a claim or"suit"has occurred. c. Failure to Submit a Policyholder's Bordereaux: Coverage only applies to: (1)"Insured Member(s)"shown in the Policyholder's Bordereaux you filed with us prior to the "bodily injury","property damage","personal and advertising injury"or"injury"that resulted in a claim or "suit",or, (2)"Insured Member(s)"shown on reports or Certificates of Insurance that were on file with HUB International Insurance Services,Inc. prior to the"bodily injury","property damage"or"personal and advertising injury"or"injury"that resulted in a claim or"suit". However,paragraph c. does not apply in the event of an unintentional error or omission in not reporting an"Insured Member"in the Policyholder's Bordereaux except if such"Insured Member"received a Certificate of Insurance and paid the premium prior to the"bodily injury","property damage","personal and advertising injury"or"injury"that resulted in a claim or"suit". T1523-0111 Page 2 of 3