Laserfiche WebLink
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 may elect to use an earned <br /> premium computed by an audit or pro rata or less than pro rata calculation of the advanced premium or minimum <br /> premium. Paragraph 5. of A. Cancellation of the Common Policy Conditions is amended accordingly. <br /> c.The first Named Insured must keep records of the information we need for premium computation, and send us <br /> 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 Holder on a Certificate of <br /> Insurance issued evidencing the"Insured Member's"coverage 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 Insured under this <br /> Master Policy. <br /> 2."Event Information"means the event and the area or location where the event is being conducted provided the event <br /> is designated on the Certificate of Insurance issued to that"Insured Member"and Policyholder's Bordereaux filed <br /> with the company. <br /> 3."Certificate policy period"means the period of time coverage under this Master Policy will apply for the"Insured <br /> Member"indicated on the Certificate of Insurance issued to that"Insured Member". <br /> 4."Reporting period"means the period of time shown below that you must record and file with us a Policyholder's <br /> Bordereaux on all changes to the issued Certificates of Insurance,including copies of the Certificates of Insurance <br /> issued evidencing the"Insured Member's"coverage under this 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 cancelled prior to policy <br /> expiration. <br /> Each monthly Policyholder's Bordereaux shall include Certificates of Insurance issued within the previous three(3) <br /> 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 PART is attached <br /> to this policy. <br /> ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. <br /> T1523-0111 Page 3 of 3 <br />