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M. Aggregate Deductible (3) An "executive officer" or director, if <br /> Paragraph D. Deductible under SECTION you are a corporation; <br /> III — PHYSICAL DAMAGE COVERAGE is (4) A manager or member, if you are a <br /> amended to add: limited liability company; <br /> Regardless of the number of covered (5) Your insurance manager; or <br /> "autos" involved in the same "loss", only (6) Your legal representative. <br /> one deductible will apply to that"loss". If <br /> the deductible amounts vary by"autos", P. Waiver Of Subrogation For Auto Liability <br /> then only the highest applicable deductible Losses Assumed Under Insured Contract <br /> will apply to that"loss". Item 5. Transfer Of Rights Of Recovery <br /> N. Diminishing Deductible Against Others To Us of Paragraph A. <br /> Loss Conditions under SECTION IV— <br /> Paragraph D. Deductible under SECTION BUSINESS AUTO CONDITIONS is <br /> III — PHYSICAL DAMAGE COVERAGE is amended to read <br /> amended to add: <br /> 5. Transfer of Rights of Recovery <br /> Any deductible will be reduced by the Against Others To Us <br /> percentage indicated below on the first <br /> "loss" reported during the corresponding If any person or organization to or for <br /> policy period: whom we make payments under this <br /> Coverage Form has rights to recover <br /> damages from another, those rights are <br /> Loss Free Policy Periods Deductible transferred to us. That person or <br /> With the Expansion Reduction on the organization must do everything <br /> Endorsement first"loss" necessary to secure our rights and must <br /> 0% do nothing after an "accident"or"loss" <br /> 2 25% to impair them. However, if the insured <br /> has waived those rights to recover <br /> 3 $a% through a written contract, we will waive <br /> 75% any right to recovery we may have <br /> 5 100% under this Coverage Form. <br /> If we pay a Physical Damage "loss" during Q. Insurance is Primary and <br /> the policy period under any BUSINESS Noncontributory <br /> AUTO COVERAGE FORM you have with Subpart a. of Item 5. Other Insurance of <br /> us, your deductible stated in the Paragraph B. General Conditions under <br /> Declarations page of each such SECTION IV— BUSINESS AUTO <br /> COVERAGE FORM will not be reduced on CONDITIONS is amended to read. <br /> any subsequent claims during the remainder <br /> of your policy period and your deductible a. This insurance is primary and <br /> reduction will revert back to Q% for each noncontributory, as respects any other <br /> such COVERAGE FORM if coverage is insurance, if required in a written <br /> contract with you. <br /> renewed. <br /> 0. Knowledge of Loss and Notice To Us R. Other Insurance—Hired Auto Physical <br /> Damage <br /> Subsection a, of Item 2. Duties In the Event Subpart b. of Item 5..0ther Insurance of <br /> of Accident, Claim, Suit or Loss of Paragraph B. General Conditions under <br /> Paragraph A. Loss Conditions under SECTION IV— BUSINESS AUTO <br /> SECTION IV --BUSINESS AUTO CONDITIONS is amended to read- <br /> CONDITIONS is amended to add: <br /> For Hired Auto Physical Damage <br /> However, prompt notice of the "accident", b. Coverage, the following are deemed <br /> claim, "suit" or"loss" to us or our to be covered "autos"you own' <br /> authorized representative only applies <br /> after the "accident", claim, "suit' or"loss" is (1) Any covered "auto" you lease, <br /> known to: hire, rent or borrow; and <br /> (1) You, if you are an individual; <br /> (2) A partner, if you are a partnership; <br /> CA990187 0715 Includes Copyrighted Material of Insurance Services Offices, Inc. Page 4 of 5 <br /> Used with permission <br />