BRAINFUSE, LLC - Laserfiche WebLink

Home Browse Search

UHYJ251489 b. The terms and conditions of "underlying rating basis shown on the Declarations or insurance" will not materially change, as stated in an endorsement issued by us. unless we agree otherwise. The terms and Audit premiums are due and payable on conditions or renewals or replacements of notice to the first Named insured. If the sum "underlying insurance"will be materially the of the advance and audit premiums paid for same as prior coverage unless we agree the policy term is greater than the earned otherwise. premium, we will return the excess to the c. The total applicable limits of "underlying first Named Insured, but not if such audit insurance" shall not decrease, except for premium is less than the minimum any reduction or exhaustion of aggregate premium shown in the Declarations. limits by payment of loss. Reduction or c. The first Named Insured must keep records exhaustion of any aggregate limit of liability of the information we need for premium or limit of insurance in any "underlying computation and send us copies as we insurance" by payments for judgments, may request. settlements or expense will not be a failure 16. Representations to maintain "underlying insurance" in full - force and effect. By accepting this policy, you agree: d. No statement contained in this Condition a. The statements in the Declarations are limits our right to cancel or not renew this accurate and complete; policy. b. Those statements are based upon e. Your failure to comply will not invalidate this representations you made to us; and policy, but this policy will apply as if the c. We have issued this policy in reliance upon "underlying insurance"was so maintained. your representations. 13. Other Insurance If unintentionally you should fail to disclose all a. This insurance is excess over any "other hazards at the inception of this policy,we shall insurance", whether primary, excess, not deny coverage under this policy because of contingent or on any other basis. This such failure, condition will not apply to insurance 16. Separation of Insureds specifically purchased as excess over this Except with respect to the limits of Insurance policy, and any rights or duties specifically assigned to b. We have no duty to defend the insured the first Named Insured, this insurance applies: against any claim or "suit" if any other a. As if each Named Insured were the only insurer has a duty to defend such insured Named Insured; and against that claim or"suit". c. This insurance is not subject to the terms b. Separately to each insured against wham claim is made or"suit" brought. or conditions of any"other insurance". d. We will pay only our share of the amount of 17. Titles of Paragraphs loss, if any, that exceeds the sum of the The titles of paragraphs in this policy are total: inserted solely for convenience or reference. (1) Amount that all"other insurance"would Such titles do not limit, define or affect the pay for loss in the absence of this provisions to which they relate. insurance; and 18. Transfer of Rights of Recovery Against (2) Of all deductible and self-insurance Others to Us amounts under all "other insurance". If an insured has rights to recover all or part of any payment we have made under this policy, 14. Premium Audit those rights are transferred to us. An insured a. We will compute all premiums for this policy must do nothing after loss to impair such rights. in accordance with our rules, rates, rating At our request, an insured will bring "suit" or plans, premiums and minimum premiums transfer those rights to us and help us enforce applicable to this insurance. them. b. If the premium for this policy is stated in the Any recoveries will be apportioned in the Declarations as being subject to inverse order of payment of loss to the extent adjustment, at the close of each audit of actual payment. The expenses of all such period, we will compute the earned recovery proceedings shall be apportioned in premium for that period using the rates and the ratio of their respective recoveries. 475-0001 01 23 Includes copyrighted material of Insurance Services Office, Inc.with its permission. Page 14 of 19 Copyright 2023 The Hanover Insurance Company. All rights reserved.