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If any of the other insurance does not permit <br />contribution by o4uo| shorem, we will contribute by <br />||m|ts. Under this method. each insurer's share is <br />based on the ratio of its applicable limit of <br />insurance tothe total applicable limits of insurance <br />o[all insurers, <br />S. Premium Audit <br />a. We will compute all premiums for this Coverage <br />Part in accordance with our rules and rates, <br />b, Premium shown in this Coverage Part as advance <br />premium is a deposit premium only, At the doaa of <br />eooh audit period we will compute the earned <br />premium for that period and send notice to the first <br />Named ioxnmd. The due data for audit and <br />retrospective premiums is the date shown as the <br />duo dote on the bill. If the sum of the advance and <br />audit premiums paid for the policyhod is greater <br />than the earned premium, we will period <br />ex000a <br />to the first Named Insured, <br />u. The first Named Insured must keep records of the <br />information we nand for premium oomPutadon, and <br />send uycopies atsuch times ou' <br />*mmay request, <br />8. Representations <br />t <br />a. When You Accept This Policy <br />By accepting this policy, you agree: <br />(11 The statements inthe Declarations are accurate <br />and complete; <br />(2) Those statements are based upon <br />representations you made to us; and <br />(3) VVehave issued this policy |nreliance upon your <br />representations. <br />b. Unintentional Failure To Disclose Hazards <br />If unintentionally you should fail to disclose all <br />hazards relating to the conduct o(your business <br />that exist at the inception date of this Coverage <br />Pmrt, we shall not deny coverage under this <br />Coverage Part because cUsuch failure. <br />Separation of insureds <br />Except with respect tothe Limits ofInsurance, endony <br />rights or duties specifically assigned In this Coverage <br />Part tothe first Named Insured, this insurance applies: <br />a. As if each Named Insured were the only Named <br />Insured; and <br />b. Separately to each insured against whom claim is <br />made ur"aui["iobrought, <br />Transfer Of Rights Of Recovery Against Others To <br />Us <br />a. Transfer oYRights Of Recovery <br />Kthe insured has rights hurecover all orpart ofany <br />payment, including Supplementary Payments, we <br />have made under this Coverage Part, those hObto <br />are transferred to LIS. The insured must do nothing <br />after loss to impair them. At our roquod, the <br />insured will bring "mxd"urtransfer those rights h)us <br />and help ouenforce them, <br />b, Waiver Of Rights Of Recovery (Waiver Of <br />Subrogation) <br />/f the insured has waived any rights of recovery <br />against any person or organization for all or part of <br />any payment, including Supplementary Payments, <br />onta. <br />we have made under this Coverage <br />waive that right, provided the insured waived their <br />rights of recovery against such Person or <br />organization in m contract, agreement urpermit that <br />was executed pdortnthe injury nrdamage. <br />9. When VVeDoNot Renew <br />If we decide not to renew this Coverage Pari, we wiU <br />mail ordeliver to the fiod Named Insured shown in the <br />Declarations written notice of the nonrenewal not less <br />than 3Odays before the expiration date. <br />If notice is mailed, proof of mailing will be sufficient <br />proof ofnotice. <br />SECTION V—DEFINITIONS <br />1. "Advertisement" means the widespread puh|i, <br />dissemination of information or images that has the <br />Purpose of inducing the aa|o of goods, products or <br />services through: <br />a(1) Radio; <br />{2) Television; <br />(3) Billboard; <br />(4) Magazine; <br />(5) Newspaper; or <br />b. Any other publication that is given widespread <br />Public distribution. <br />However, "advertbement.'does not include: <br />a. The design, printed material, information or images <br />contained in, on or upon the packaging or labeling <br />o/any goods orproducts; or <br />b. An interactive conversation between or among <br />persons through oComputer network, <br />2. "Advertising idea" means any Idea for an <br />"advertisement". <br />3. "Asbestos hazard" roouns an exposure or threat of <br />exposure to the aotoe| or alleged properties of <br />osbnatuo and Includes the mere presence of asbestos <br />|nany fonn, <br />4. "Auto"means oland mntorvohide.trailer orsemitrailer <br />designed for trwwn| on public noada, including any <br />attached machinery or equipment. But ''wuto"does not <br />include "mobile equipment". <br />6. "Bodily injury" means physical: <br />a. Injury; <br />b. Sickness; or <br />c. Disease <br />sustained by a person and, if arising out of the above, <br />mental anguish or death at any time. <br />HG8081 0605 Page 15 of 18 <br />REVIEWED RMCE HEREMA (PG <br />