{"id":42291,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/excess-liability-policy-declaration-columbia-casualty-co-and.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"excess-liability-policy-declaration-columbia-casualty-co-and","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/excess-liability-policy-declaration-columbia-casualty-co-and.html","title":{"rendered":"Excess Liability Policy Declaration – Columbia Casualty Co. and General Dynamics Corp."},"content":{"rendered":"
EXCESS LIABILITY POLICY \nDECLARATION<\/i><\/b>\n\n\n<\/p>
\n\n\n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        
 <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n\n
Policy<\/td>\n         <\/td>\n        \nCOLUMBIA CASUALTY COMPANY\n<\/td>\n         <\/td>\n        Symbol\n<\/td>\n         <\/td>\n        Policy Number<\/td>\n<\/tr>\n\n
Issued by<\/td>\n         <\/td>\n        CNA Insurance Companies<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        CNA Plaza<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \nChicago, IL 60685\n<\/td>\n         <\/td>\n        GPE\n<\/td>\n         <\/td>\n        167040836<\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Producer\u0092s Name<\/td>\n         <\/td>\n        \nStewart Smith East, Inc.\n<\/td>\n         <\/td>\n        Producer Code<\/td>\n         <\/td>\n<\/tr>\n\n
and Address<\/td>\n         <\/td>\n        \nWall Street Plaza\n<\/td>\n         <\/td>\n        975-948607<\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \n88 Pine Street<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \nNew York, NY 10005<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Named Insured<\/td>\n         <\/td>\n        \nCurrent & Retired Executives of General Dynamics Corporation and \nas per<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \nEndorsement No. 1<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Sponsoring<\/td>\n         <\/td>\n        General Dynamics Corporation<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
Organization<\/td>\n         <\/td>\n        3190 Fairview Park Drive<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
and Address<\/td>\n         <\/td>\n        Falls Church, VA 22042<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Policy Period<\/td>\n         <\/td>\n        \nFrom       June 5, \n2001       through       June 6, 2002<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \n12:01 a.m. Standard Time at the Address of the sponsoring organization \nas stated herein<\/i><\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Limit of Liability<\/td>\n         <\/td>\n        \n$5,000,000                   Each Occurrence<\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n\n
<\/td>\n<\/tr>\n\n
\nIf exposure exists, the Named Insured agrees to maintain during the term of the policy at least the following underlying coverages and minimum\nrequired underlying limits. Overseas residents must obtain the \nmaximum limits and coverages available within the country of \nresidency.<\/i>\n        <\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/table>\n<\/center>\n\n\n
\n\n\n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        \n        
 <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n
 <\/td>\n         <\/td>\n        \nExposures\n<\/td>\n         <\/td>\n        Coverages\n<\/td>\n         <\/td>\n        Minimum Required Underlying Limit<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n
 <\/td>\n         <\/td>\n        \nAutomobile
\nLiability\n<\/td>\n        		 <\/td>\n        Bodily Injury
\nProperty Damage\n<\/td>\n        		 <\/td>\n        $250,000 Per Person, $500,000 Per\nOccurrence,
 $50,000 Per Occurrence<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n\n
Schedule of\nRequired\nUnderlying\nInsurance<\/td>\n         <\/td>\n        
\nPersonal
\nLiability\n<\/td>\n        		<\/td>\n        -or-
\nCombined Single Limit

\nCombined Single Limit
\n(Required for all property owned or\nrented)\n<\/td>\n        		<\/td>\n        $300,000 Per Occurrence
\n($325,000 in Texas)

\n$100,000 Per Occurrence<\/td>\n<\/tr>\n\n\n\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n
 <\/td>\n         <\/td>\n        \nWatercraft
\nLiability\n<\/td>\n        		 <\/td>\n        Bodily Injury\/Property
\nDamage or Combined
 Single Limit\n<\/td>\n        		 <\/td>\n        $100,000 Per Occurrence<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n
 <\/td>\n         <\/td>\n        \nEmployers Liability\n<\/td>\n         <\/td>\n        Combined Single Limit\n<\/td>\n         <\/td>\n        $100,000 Per Occurrence<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n        \nUM\/UIM (only when
coverage is
\nprovided under
this policy)\n<\/td>\n        		 <\/td>\n        Bodily Injury
\nProperty Damage\n<\/td>\n        		 <\/td>\n        $250,000 Per Person, $500,000 Per\nOccurrence
 $50,000 Per Occurrence<\/td>\n<\/tr>\n\n
 <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n        
<\/td>\n<\/tr>\n
 <\/td>\n         <\/td>\n         <\/td>\n         <\/td>\n        -or-
\nCombined Single Limit\n<\/td>\n        		 <\/td>\n        $300,000 Per Occurrence
\n($325,000 in Texas)<\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Premium<\/td>\n         <\/td>\n        \n$22,425.00\n<\/td>\n         <\/td>\n        Advance Premium payable at inception<\/td>\n<\/tr>\n\n
<\/td>\n<\/tr>\n
Endorsements<\/td>\n         <\/td>\n        \nForming a part of this policy inception. Endorsement No. 1-4<\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n\n
<\/td>\n<\/tr>\n\n<\/table>\n<\/center>\n\n\n
Issued this 30th day of May 2001\n\n\n<\/p>
\n\n\n        \n        \n        
 <\/td>\n         <\/td>\n         <\/td>\n<\/tr>\n\n
<\/td>\n         <\/td>\n        <\/td>\n\n<\/tr>\n
 <\/td>\n         <\/td>\n        \nAuthorized Representative:<\/b><\/td>\n<\/tr>\n\n<\/table>\n<\/center>\n\n\n
\n\n\n\n\n\n<\/p>
<\/p>
\n<\/p>
 <\/h5>
\n<\/p>
\n<\/p>
EXCESS LIABILITY POLICY<\/b>\n\n\n<\/p>
<\/p>
INTRODUCTION<\/b>\n
\n\n
Various provisions in this policy restrict coverage. Read the entire\npolicy carefully to determine rights, duties and what is and is not\ncovered.<\/i>\n\n<\/p>
Throughout this policy the words, \u0093you\u0094 and \u0093your\u0094 mean the individual who\nis a member of the Defined Group shown as the Named Insured in the\nDeclaration. \u0093We\u0094, \u0093us\u0094 and \u0093our\u0094 refer to the Company providing this\ninsurance.<\/i>\n\n\n<\/p>
<\/p>
 INSURING AGREEMENT<\/b>\n
 \n\n
We agree to provide insurance described in this policy in return for the\npremium paid by the Sponsoring Organization and your compliance with the\nterms and conditions of this policy.\n\n<\/p>
We will pay all sums up to the amounts of our limits of liability shown on\nthe policy Declaration, more fully defined by the term Net Loss, that the\nInsured becomes legally obligated to pay for Personal Liability in excess\nof all required underlying insurance covering those damages, even if the\nunderlying limit is more than the Required Underlying Limit.\n\n<\/p>
If you are a member of a residential property association, we will pay for\nyour share of any loss assessment for legal liability during the policy\nperiod charged against you by that association. However, we do not cover\nloss assessments resulting from a deductible in the policy of insurance\npurchased by a residential property association. This coverage applies\nonly to that portion of an assessment which is in excess of $50,000. This\ncoverage does not increase our limit of liability.\n\n<\/p>
We will pay the Sponsoring Organization up to a $1,000,000 aggregate limit\nfor all sums that the Sponsoring Organization becomes legally obligated to\npay as damages because of a Wrongful Act which occurs and is reported to us\nduring the policy period.\n\n<\/p>
Schedule of Required Underlying Insurance includes all liability coverages\nthat apply to the covered damages. Failure\nto comply with the required underlying Insurance as shown on the policy\nDeclaration will result in a gap in coverage.\n\n<\/p>
This insurance applies to Personal Liability only if:\n\n<\/p>
\n<\/p><\/pre>\n\n\n\n\n
1.<\/td>\n <\/td>\nThe Personal Liability is caused by an Occurrence that takes place in
\nthe Policy Territory; and<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
2.<\/td>\n <\/td>\nThe Personal Liability occurs during the Policy Period.<\/td>\n<\/tr>\n<\/table>\n
\n
WHAT WE DO NOT COVER<\/b><\/p>\n
\n
This insurance does not apply to:<\/p>\n<\/p>\n\n\n\n\n
1.<\/td>\n <\/td>\nPersonal Liability caused intentionally by any person.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nThis does not apply to:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n(a)<\/td>\n <\/td>\nany act by an Insured while trying to prevent or eliminate danger
\nin the use of Automobiles or watercraft; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n(b)<\/td>\n <\/td>\nwhile trying to protect persons or property;<\/td>\n<\/tr>\n<\/table>\n\n\n
2.<\/td>\n <\/td>\nPersonal Liability arising out of the ownership, maintenance or use of
\nany aircraft or hovercraft. This does not apply to:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\n(a)<\/td>\n <\/td>\nmodel airplanes of the hobby
\ntype which do not carry people or cargo.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(b)<\/td>\n <\/td>\nan aircraft chartered with crew by an Insured.<\/td>\n<\/tr>\n<\/table>\n
Page 1 of 10<\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n\n\n
3.<\/td>\n <\/td>\nPersonal Liability arising out of any watercraft you own, rent or
\nuse, or is, in your care custody or control if it is:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n(a)<\/td>\n <\/td>\npowered by an inboard or inboard-outboard motor of more
\nthan 50 horsepower;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(b)<\/td>\n <\/td>\na sailing vessel (with or without auxiliary power) 26 feet
\nor more in overall 1ength;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(c)<\/td>\n <\/td>\npowered by any outboard motor(s), singly or in combination,
\nof more than 25 total horsepower.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\nHowever, this exclusion does not apply if such liability is covered by
\nvalid and collectible underlying Insurance as listed in the Schedule of
\nRequired Underlying Insurance shown on the policy Declaration, for the
\nfull limit shown therein, and then only for such liability for which
\ncoverage is afforded under said underlying insurance.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
4.<\/td>\n <\/td>\nPersonal Liability arising out of the use of any Automobile or
\nwatercraft in any prearranged or organized race, speed contest, other
\ncompetition or practice. However, this exclusion does not apply to
\nsailboats.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
5.<\/td>\n <\/td>\nPersonal Liability resulting from any act or failure to act by
\nany Insured as a director or officer of any organization. This does
\nnot apply to positions in a non-profit organization for which the
\nInsured does not receive pay.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
6.<\/td>\n <\/td>\nWe do not cover assessments charged against you or a residential
\nproperty association by any
\ngovernmental body.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
7.<\/td>\n <\/td>\nPersonal Liability for
\nproviding or failing to provide
\nprofessional services by:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\n(a)<\/td>\n <\/td>\nthe Insured or;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(b)<\/td>\n <\/td>\nany person for whom the Insured is legally responsible.<\/td>\n<\/tr>\n<\/table>\n\n\n
8.<\/td>\n <\/td>\nPersonal Liability resulting from your Business Activity or
\nbusiness property. This exclusion does not apply to:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n(a)<\/td>\n <\/td>\nresidential property you rent out or are holding out for
\nrental for use as a place to live. But such property must be
\ncovered by Required Underlying Limit(s). By residential property,
\nwe mean, condominium, apartment, co-operative, a 1,2,3, or 4
\nfamily house, and any smaller detached structures on the property
\nsuch as a garage or storage shed, the grounds, and private roads on
\nthe property;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(b)<\/td>\n <\/td>\nactivities which are described in an endorsement attached
\nto this policy;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(c)<\/td>\n <\/td>\nthe use of any Automobile provided it is not used to carry
\npersons or property for a fee. This exclusion does not apply to a
\nshare-the-expense ride;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(d)<\/td>\n <\/td>\nvolunteer work for charity;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(e)<\/td>\n <\/td>\nincidental business activities which generate less than $10,000 in
\ngross annual revenues.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
9.<\/td>\n <\/td>\nPersonal Liability covered by a nuclear energy liability policy
\nor that would have been covered by any such policy if its limit had
\nnot been exceeded.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
10.<\/td>\n <\/td>\nPersonal Injury arising out of the transmission of, or threat of
\ntransmission of, a communicable sickness or disease by an Insured.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
11.<\/td>\n <\/td>\nAny obligation for which an Insured may be held liable under any
\nworkers compensation, non-occupational disability, unemployment
\ncompensation, or similar law.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
12.<\/td>\n <\/td>\nDiscrimination due to age, race, color, sex, creed, national
\norigin, or any other discrimination. However, coverage is provided on
\na Following Form basis if the coverage is provided under a required
\nprimary underlying insurance policy.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
13.<\/td>\n <\/td>\nMolestation, misconduct or
\nabuse arising out of any actual
\nalleged or threatened sexual molestation, sexual misconduct or sexual
\nharassment, or abuse. However, coverage is provided on a Following
\nForm basis if the coverage is provided under a required primary
\nunderlying insurance policy.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
14.<\/td>\n <\/td>\nProperty Damage to:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\n(a)<\/td>\n <\/td>\nproperty owned by an Insured.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n(b)<\/td>\n <\/td>\nany other property, which is rented to, used by, occupied
\nby, or in the care, custody, or control of an Insured. However,
\nthis only applies to the extent that the Insured has agreed in
\nwriting to provide<\/td>\n<\/tr>\n<\/table>\n
Page 2 of 10<\/p>\n<\/p>\n
\n
 <\/h5>\n<\/p>\n\n\n
 <\/td>\n <\/td>\n <\/td>\ninsurance for this property.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
15.<\/td>\n <\/td>\nThe owner or lessee of an Automobile or watercraft loaned to or hired
\nby you.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
16.<\/td>\n <\/td>\nSums which an Insured is entitled to recover from the owner or operator
\nof an \u0093Uninsured Motor Vehicle.\u0094<\/td>\n<\/tr>\n<\/table>\n
DEFENSE RELATED DUTIES<\/b><\/p>\n
\n\n\n
1.<\/td>\n <\/td>\nIf a claim or suit alleges damages covered by underlying
\npolicies, and the obligation of all underlying policies either to:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\na.<\/td>\n <\/td>\ninvestigate and defend the Insured; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nb.<\/td>\n <\/td>\npay the cost of such investigation and defense<\/td>\n<\/tr>\n<\/table>\n\n\n
 <\/td>\n <\/td>\nceases solely through exhaustion of all underlying limits of liability
\nthrough payment of a combination of
\ncovered expenses, settlements or judgments for Occurrence taking place
\nduring our Policy Period, then we
\nshall assume the investigation and defense of the Insured against claims
\nor suits seeking damages. If we are not permitted, by law or otherwise,
\nto assume the investigation and defense in 1.a. above, we will
\nreimburse the Insured for reasonable defense costs and expenses incurred
\nwith our written consent. However, such reimbursements exclude:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\na.<\/td>\n <\/td>\noffice expenses of the Insured;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nb.<\/td>\n <\/td>\nsalaries and expenses of an Employee(s); and<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nc.<\/td>\n <\/td>\ngeneral retainer fees of
\ncounsel retained by the Insured.<\/td>\n<\/tr>\n<\/table>\n\n\n
2.<\/td>\n <\/td>\nWe will investigate and defend claims or suits brought against an
\nInsured for a claim or suit that alleges damages from an Occurrence
\nnot covered by:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\na.<\/td>\n <\/td>\nrequired underlying insurance: and or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nb.<\/td>\n <\/td>\nunscheduled underlying insurance;<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n <\/td>\nbut which seeks damages arising out of an Occurrence otherwise covered
\nunder this policy.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
3.<\/td>\n <\/td>\nWe will investigate and defend
\nan Insured or reimburse an
\nInsured for such costs of investigation and defense described in either
\n1. or 2 above, even if the allegations of a suit are:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\na.<\/td>\n <\/td>\ngroundless,<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nb.<\/td>\n <\/td>\nfalse, or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\nc.<\/td>\n <\/td>\nfraudulent,<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\nbut only until we make payment
\nor offer to pay or deposit in court that
\npart of the judgment(s) not exceeding our limit of liability.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
4.<\/td>\n <\/td>\nWith regard to claims or suits covered by unscheduled underlying
\ninsurance or covered by this policy, only we shall, with your consent,
\nhave the right to make settlement. However, if you refuse to consent
\nto any settlement mutually agreed upon by us and the plaintiff,
\nrecommended in writing by us, and you elect to contest or continue any
\nlegal proceedings, our liability shall not exceed the amount for which
\nthe claim suit could have been settled plus the cost and expenses
\nincurred up to the date of refusal.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
5.<\/td>\n <\/td>\nWhen the limit of insurance has been used up in the payment of
\njudgments or settlements:<\/td>\n<\/tr>\n<\/table>\n\n\n\n
 <\/td>\n <\/td>\na.<\/td>\n <\/td>\nWe will notify the Named Insured in writing, as
\nsoon as practicable, that:<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n<\/table>\n\n\n\n
 <\/td>\n <\/td>\n1.<\/td>\n <\/td>\nsuch limit has been used up; and<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n<\/table>\n\n\n\n
 <\/td>\n <\/td>\n2.<\/td>\n <\/td>\nour duty to defend claims or suits
\nseeking damages subject to that limit has ended.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n<\/table>\n\n\n
 <\/td>\n <\/td>\nb.<\/td>\n <\/td>\nWe shall initiate, and cooperate in, the transfer of control
\nto any appropriate Insured, of all claims and suits seeking
\ndamages, which are subject to that limit and which are reported to
\nus before that limit is used up. The Insured must cooperate in the
\ntransfer of control of said claims and suits.<\/td>\n<\/tr>\n<\/table>\n
Page 3 of 10<\/p>\n
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\n
 <\/h5>\n<\/p>\n
\n
SUPPLEMENTARY PAYMENTS<\/b><\/p>\n
\n
     In addition to our limit of liability, we will pay on behalf of an Insured:<\/b><\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nThe cost of bail bonds required because of an Occurrence<\/b>. This
\nincludes related traffic law violations, resulting in Personal Liability<\/b>
\ncovered under this policy.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nAll costs taxed against an Insured<\/b>.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nPremiums on appeal bonds and bonds to release attachments in any suit
\nwe defend.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\nInterest accruing after a judgment is entered in any suit we defend. Our duty to pay interest ends when we offer to pay that part of the judgment, which does not exceed our limit
\nof liability for this coverage.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n5.<\/td>\n <\/td>\nOther reasonable expenses incurred at our request. This includes
\nloss of earnings up to $100 per day or a maximum of $5,000.<\/td>\n<\/tr>\n<\/table>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nThe amounts we pay for defense, and the other supplementary payments described
\nabove, will not reduce the limits of insurance.<\/td>\n<\/tr>\n<\/table>\n
\n
LIMITS OF LIABILITY<\/b><\/p>\n
\n
The limit of liability shown in the Declaration is the amount you have selected
\nand is the maximum amount that we will pay for all damages for Personal
\nLiability<\/b> from any one Occurrence.<\/b> This amount is the most we will pay and will
\nnot be added to in any way, mulitpiled by any factor, or otherwise increased for
\nany reason, regardless of the number of:<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n\u0095<\/td>\n <\/td>\nInsureds<\/b><\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n\u0095<\/td>\n <\/td>\nsuits brought<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n\u0095<\/td>\n <\/td>\nclaims made<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n\u0095<\/td>\n <\/td>\npremiums charged or premiums shown, either separately or collectively
\nin the Declaration, or in any other document attached to or made part
\nof your policy.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n\u0095<\/td>\n <\/td>\nAutomobiles<\/b> or watercrafts owned or involved in the Occurrence.<\/b><\/td>\n<\/tr>\n<\/table>\n
Subject to our limit of liability we will be liable only for the Net Loss<\/b>
\nresulting from any one Occurrence<\/b>:<\/p>\n<\/p>\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nin excess of Required Underlying Limit(s)<\/b> or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nin excess of valid and collectible insurance, if the Occurrence<\/b> arises
\nfrom the use of an Automobile<\/b> which is hired by you or loaned to you
\nfor a period of sixty (60) days or less. Any Automobile<\/b> hired by you or
\nloaned to you for a period of more than sixty (60) days will be subject
\nto the Required Underlying Limit<\/b> for Automobile Liability on the policy
\nDeclaration.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nin excess of valid and collectible insurance, if the Occurrence<\/b>
\narises from the use of a watercraft which is hired by you or loaned to
\nyou for a period of thirty (30) days or less. Any watercraft hired by
\nyou or loaned to you for a period of more than thirty (30) days will be
\nsubject to the Required Underlying Limit<\/b> for watercraft liability on
\nthe policy Declaration.<\/td>\n<\/tr>\n<\/table>\n
\n
GENERAL CONDITIONS<\/b><\/p>\n
\n
DUTIES AFTER AN OCCURRENCE<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nAs soon after an injury or Occurrence<\/b> takes place that is likely to
\ninvolve coverage under this policy, we must be notified or soon as reasonably
\npossible. You or the Sponsoring Organization<\/b> should tell us how, when and<\/td>\n<\/tr>\n<\/table>\n
Page 4 of 10<\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nwhere the Occurrence<\/b> happens. You or the Sponsoring Organization<\/b> should also
\ninclude the names and address of any injured persons and of any witnesses.
\nNotice to a licensed agent of the Insurer shall be deemed notice to the
\nInsurer.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\nAny Insured<\/b> seeking any coverage must:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\ncooperate with the underlying insurers, as required by their
\npolicies, and with us in the investigation, settlement or defense on
\nany claim or suit.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nas soon as reasonably possible tell us if a claim is made or a
\nsuit is brought. That person must also send to us or the underlying
\ninsurer copies of any notices of legal papers received concerning the
\nOccurrence<\/b>.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nattend hearings and trials.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\ncooperate in securing and giving evidence.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n5.<\/td>\n <\/td>\ncooperate in having witnesses attend any deposition, hearing or
\ntrial.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n6.<\/td>\n <\/td>\nat our request, enforce any right of contribution or indemnity
\nagainst any person or organization who may be liable to the Insured,<\/b>
\nbecause of a loss covered under this policy.<\/td>\n<\/tr>\n<\/table>\n
APPEALS<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nIf the Insured<\/b> or any underlying insurer elects not to appeal a judgment,
\nwhich exceeds the underlying limit, we may elect to do so. We shall be
\nresponsible for all costs, taxes, expenses and interests on judgments
\nincidental to the appeal.<\/td>\n<\/tr>\n<\/table>\n
WHEN LOSS PAYABLE<\/b><\/p>\n<\/p>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nThe Insured<\/b> may make claim for payment after the Net Loss<\/b> has been
\ndetermined in excess of the Required Underlying Limit(s)<\/b> or underlying
\ninsurance limit if greater.<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n\nThis will be determined after a trial or by written agreement of the Insured<\/b>, the claimant and us.\n<\/td>\n<\/tr>\n<\/table>\n
LEGAL ACTION AGAINST US<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nNo legal action will be brought against us unless the Insured<\/b> has fully
\ncomplied with all the terms of this policy; and the amount of the
\nInsured\u0092s<\/b> obligation to pay has been finally determined by:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nJudgment against the Insured<\/b>;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nWritten agreement between us, the Insured<\/b> and the claimant; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nJudgment against the Insured<\/b> remains unsatisfied at the
\nexpiration of 30 days from the serving of notice of the entry of
\njudgment upon the Insured,<\/b> its attorney or us.<\/td>\n<\/tr>\n<\/table>\n
OTHER INSURANCE<\/b><\/p>\n
Our coverage is excess over any other valid and collectible insurance. This
\nmeans all insurance which covers you or any Insured,<\/b> whether it is shown in the
\nschedule or not. Only when all such insurance has been exhausted will this
\npolicy apply.<\/p>\n
<\/p>\n
OUR RIGHT TO RECOVER PAYMENT<\/b><\/p>\n
\n\n\n
1.<\/td>\n <\/td>\nIf we make a payment under this policy, we will share recovery rights
\nwith the Insured<\/b> and any underlying insurer. If the person to or for whom
\npayment was made has a right to recover damages from another we will be
\nsubrogated to that right. That person will:<\/td>\n<\/tr>\n<\/table>\n
<\/p>\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
(a)<\/td>\n <\/td>\n\ndo whatever is necessary to enable us to exercise our right and<\/td>\n<\/tr>\n
(b)<\/td>\n <\/td>\n\ndo nothing after the loss to prejudice them.<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n\n\n
2.<\/td>\n <\/td>\nIf we make a payment under this policy and the person to or for whom
\npayment is made recovers damages from another, that person will hold in
\ntrust for us the proceeds of the recovery. That person will reimburse us
\nto the extent of our payment.<\/td>\n<\/tr>\n<\/table>\n
Page 5 of 10<\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n\n\n
3.<\/td>\n <\/td>\nRecoveries will be applied:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n(a)<\/td>\n <\/td>\nfirst to reimburse any party (including the Insured<\/b>) that
\nmay have been paid any amount in excess of our limit of liability;<\/td>\n<\/tr>\n
 <\/td>\n(b)<\/td>\n <\/td>\nthen to reimburse us up to the amount paid;<\/td>\n<\/tr>\n
 <\/td>\n(c)<\/td>\n <\/td>\nlast, to reimburse any interest (including the Insured<\/b>) that
\nmay have been paid any amount either under underlying policies or
\notherwise.<\/td>\n<\/tr>\n<\/table>\n
A different sharing may be made by a written agreement signed by all interested
\nparties. Any expenses incurred in making recoveries will be shared by
\ninterested parties in the ratio of their respective losses.<\/p>\n
CHANGES<\/b><\/p>\n
This policy contains all the agreements between you and us. Its terms may not
\nbe changed or waived except by endorsement issued by us. If a change requires a
\npremium adjustment, we will adjust the premium as of the effective date change.<\/p>\n
TRANSFER OF YOUR INTEREST IN THIS POLICY<\/b><\/p>\n<\/p>\n\n\n
 <\/td>\n <\/td>\nYour rights and duties under this policy except as provided for the Sponsoring
\nOrganization<\/b> in this policy may not be assigned without written consent.
\nHowever, if a Named Insured<\/b> shown in the policy Declaration dies, coverage
\nwill be provided until the annual anniversary date of the policy for:<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nthe surviving spouse if resident in the same household at the time of
\ndeath; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nany member of your household who is covered under this policy at the
\ntime of your death, but only while a resident of the premises insured by
\nthis policy;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nthe liability of your property and premises, your legal
\nrepresentatives; or until a legal representative is appointed and
\nqualified, the person who has proper temporary custody of your property
\nand premises.<\/td>\n<\/tr>\n<\/table>\n
IF YOU BECOME BANKRUPT OR INSOLVENT<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nWe will meet all our obligations under this policy regardless of whether
\nthe Insured<\/b> or the Insured\u0092s<\/b> estate becomes
\nbankrupt or insolvent.<\/td>\n<\/tr>\n<\/table>\n
LIBERALIZATION<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nWe may extend or broaden the insurance provided under this policy, without
\npremium charge, by amendment or substitution of form. If we do this during the
\nperiod that this policy is in the force or within 60 days prior to its
\neffective date, the extended or broadened insurance will apply to your policy.<\/td>\n<\/tr>\n<\/table>\n
CONFORMITY<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nIf any provision of this policy is in conflict with the laws of the state
\nor country in which you reside, this policy is amended to conform to the
\nrequirements of those laws.<\/td>\n<\/tr>\n<\/table>\n
KEEPING REQUIRED UNDERLYING INSURANCE IN FORCE<\/b><\/p>\n
If you fail to keep required underlying policies in force for the full amount
\nof the Required Underlying Limit(s)<\/b>, we will not provide coverage unless and
\nuntil the amount of all claims resulting from a single Occurrence<\/b> exceed the
\nRequired Underlying Limit(s)<\/b>. If any underlying policy has an
\naggregate limit, which is not reinstated after a loss, you must try, within reason, to have
\ncoverage reinstated promptly.<\/p>\n
CONCEALMENT OR FALSE INFORMATION<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nWe may void this policy or deny coverage
\nif you, or any Insured<\/b>, has
\nintentionally concealed, given false information or misrepresented any material
\nfact:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nin the application;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nin any other notice regarding underlying insurance; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nrelated to an Occurrence<\/b>.<\/td>\n<\/tr>\n<\/table>\n
Page 6 of 10<\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
PREMIUM<\/b><\/p>\n<\/p>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nThe Sponsoring Organization<\/b> is responsible for the payment of all premiums to
\nus. All return premiums, if any, will be sent to the Sponsoring
\nOrganization<\/b>.<\/td>\n<\/tr>\n<\/table>\n
SPECIAL CONDITIONS<\/b><\/p>\n<\/p>\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nWe retain the right to review, modify, or amend writing
\ncommunications sent to employees or members of the Defined
\nGroup<\/b> regarding this excess liability coverage prior to distribution.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nAn employee or member of a
\nDefined Group<\/b> shall have the right to
\nrefuse this excess liability coverage offered by the Sponsoring
\nOrganization<\/b>.<\/td>\n<\/tr>\n<\/table>\n
NOTICE OF NONRENEWAL AND CANCELLATION<\/b><\/p>\n
     Cancellation:<\/b><\/p>\n<\/p>\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nThe Sponsoring
\nOrganization<\/b> may cancel the coverage afforded by this
\npolicy for any reason upon 30 days written notice to us and each
\naffected member of the Defined Group<\/b>.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nWe may cancel this policy at any time by giving the Sponsoring
\nOrganization at the address shown on the policy Declaration written
\nnotice:<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n
 <\/td>\n(a)<\/td>\n <\/td>\nat least 20 days in advance of the date cancellation is to
\ntake effect, if cancellation is for non-payment of premium, or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n(b)<\/td>\n <\/td>\nat least 60 days in advance of the date cancellation is to
\ntake effect for any reason other than non-payment of premium.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
 <\/td>\n3.<\/td>\n <\/td>\nThe Sponsoring
\nOrganization<\/b> shall mail or deliver written notice of
\nsuch cancellation to each affected member of the Defined Group<\/b> within 10
\ndays of receiving a cancellation from the Insurer<\/b>.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\nWe may deliver any notice of cancellation to the address shown on the
\npolicy Declaration instead of mailing it. Proof of mailing or delivery
\nof any notice will be sufficient proof of notice.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n5.<\/td>\n <\/td>\nIf the policy is cancelled, a return premium may be due. This refund
\nwill be promptly forwarded to the Sponsoring Organization<\/b>. No refunds
\nwill be made by us to individual Named Insureds<\/b>. Should the policy be
\ncancelled, at the request of the Sponsoring Organization<\/b>, the amount to
\nbe refunded will be computed at 90% of pro-rata. However, making or
\noffering to make the refund is not a condition of cancellation.<\/td>\n<\/tr>\n<\/table>\n
Nonrenewal:<\/b><\/p>\n
If we decide not to renew this policy, notice will be sent as provided in
\nCancellation Items 2, 3, and 4.<\/p>\n
Conditional Renewal:<\/b><\/p>\n
If we conditionally renew this policy subject to a:<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nChange of limits;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nChange in type of coverage;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nReduction or elimination of coverage;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\nAddition of exclusion; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n5.<\/td>\n <\/td>\nIncrease in premiums in excess of 10% exclusive of any premium
\nincrease due to and commensurate with inside value added or increased
\nexposure units; or as a result of experience rating, loss rating,
\nretrospective rating or audit;<\/td>\n<\/tr>\n<\/table>\n\n\n\n
<\/td>\n<\/td>\n<\/tr>\n
 <\/td>\nIf we decide to conditionally renew this policy, notice will be sent as
\nprovided in Cancellation Items 2, 3, and 4.<\/td>\n<\/tr>\n<\/table>\n
Termination:<\/b><\/p>\n
Should an individual for any reason no longer
\nqualify as a Named Insured<\/b>
\ncoverage will cease at the annual anniversary date or policy cancellation date,
\nwhichever comes first. However, the Sponsoring Organization<\/b> has the option of
\ncanceling the Named Insured\u0092s<\/b> coverage upon termination of employment. No
\nrefunds will be made by us to individual Named Insureds<\/b>.<\/p>\n
Page 7 of 10<\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
\n
DEFINITIONS<\/b><\/p>\n
\n
Automobile means a private passenger car and any other motorized land vehicle
\ndesigned for travel on public roads and subject to motor vehicle registration.
\nIt also means a trailer, semi-trailer, farm tractor, or farm implements while
\nbeing towed by a covered vehicle.<\/p>\n
Bodily injury means physical bodily harm, including sickness or disease. This
\nincludes require care, loss of services and death resulting therefrom.<\/p>\n
Business Activity means any full or part time gainful employment, trade,
\nprofession, or occupation of the insured, other than Farming as defined in the
\npolicy. Business Activity does not mean part time jobs of insured who are
\nstudents under the age of 25 or activities which are ordinarily incidental to
\nnon-business pursuits.<\/p>\n
Business Property means property on which a business is conducted and property,
\nor any part of it, rented to others or held for rental.<\/p>\n
Certificate of insurance means any policy or other evidence of insurance issued
\nto a Defined Group member under this policy.<\/p>\n
Defined Group means those individuals meeting the criteria for qualifications
\nas a Named Insured as defined by the Sponsoring Organization.<\/p>\n
Employee means a person who receives, or has received, income, wages or
\nsalaries from the Sponsoring Organization.<\/p>\n
Employer means a person, partnership, corporation or other entity, which pays,
\nor has paid income, wages or salaries to a person or persons.<\/p>\n
Farming means agricultural operations or the raising of animals, which produced
\n$10,000 or less in gross annual revenues.<\/p>\n
Follow form means we cover damages to the extent they are both covered under
\nthe required primary underlying insurance and not excluded under this policy.
\nWhen no primary underlying coverage exists, the extent of coverage provided on
\na follow form basis will be determined as if the required underlying insurance has been
\nwritten on personal lines policy forms filed by the Insurance Services Office.<\/p>\n
Group Policy means group personal excess insurance written for the Defined
\nGroup of the Sponsoring Organization. A group policy shall have a common
\ninception and expiration date; however, a new employee within the Defined Group
\nmay be added during the policy period.<\/p>\n
Insured means:<\/p>\n
     1.     you or any Relative.<\/p>\n
     2.a.  any person:<\/p>\n
               (1)  using your Automobile or watercraft, or<\/p>\n
               (2)  having custody of any of your animals;<\/p>\n
        b.
\n such person must:<\/p>\n
               (1)  have your permission for such use of custody, and<\/p>\n
               (2)  limit the use of custody as you may require.<\/p>\n
     3.     Named
\nInsured(s).<\/p>\n
     4.     any other person organization, however coverage is only for the
\nlegal responsibility for acts or
 
\nomissions of those persons for whom coverage is afforded above.<\/p>\n
     5.     Sponsoring Organization as respects to a Wrongful Act.<\/p>\n
Named Insured(s) means individuals who are members of the Defined Group.<\/p>\n
Page 8 of 10<\/p>\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
Net Loss means the sum actually ____ or payable due to a claim for which the
\ninsured is liable either by a settlement we agreed to or a final judgment. Such
\nsums will include proper adjustment for recoveries and salvage.<\/p>\n
Occurrence means an accident including continuous or repeated exposure to
\nsubstantially the same conditions neither expected nor intended by the insured
\nexcept to protect persons or property.<\/p>\n
Occupying means in, upon, or getting in, out, on or off or loading or
\nunloading.<\/p>\n
Personal Liability means Personal Injury, Bodily Injury, or Property Damage.<\/p>\n
Personal Injury means:<\/p>\n<\/p>\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nbodily injury, shock, mental anguish, mental injury, sickness
\nor disease, including death resulting therefrom;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\ninjury because of false arrest, detention or imprisonment,
\nmalicious prosecution, wrongful entry or eviction, humiliation,
\nlibel, slander, defamation of
\ncharacter or invasion of privacy.<\/td>\n<\/tr>\n<\/table>\n
Policy Period means one year, or longer if agreed to in writing by the company
\nprior to the inception date of the policy.<\/p>\n
Policy Territory means anywhere in the world.<\/p>\n
Property Damage means physical injury to or destruction of tangible property.
\nThis include loss of use of such property.<\/p>\n
Recreational Vehicle means any motorized land vehicle which is designed for
\nrecreational use off public roads and not subject to any motor vehicle
\nregistration act, or in dead storage on an insured location.<\/p>\n
Relative means a person related to you by blood, marriage or adoption who is a
\nresident of your household. This includes a ward, foster child or child held in
\njoint custody. For the purposes of this definition, to be considered a resident
\nof your household when evaluating coverage for a loss, a person must have been
\nactually residing in your household on the date the loss occurred. However,
\nyour son, daughter, ward, foster child, or child held in joint custody in the
\nUnited States military or away at school will be considered a resident of your
\nhousehold unless he or she has demonstrated an intent to reside elsewhere
\npermanently.<\/p>\n
Required Underlying Limit(s) mean the minimum limits you are required to
\nmaintain in force for the types of insurance and exposures described in the
\nSchedule of Required Underlying Insurance in the policy Declaration.<\/p>\n
Sponsoring Organization means a person, partnership, corporation, or other
\nentity, which sponsors and defines the criteria for qualification as a Named
\nInsured.<\/p>\n
Uninsured Motor Vehicle means an Automobile:<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nfor which no liability bond or policy applies at the time of
\nthe Occurrence;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nthat is an Underinsured Motor Vehicle. An Underinsured Motor
\nVehicle is a registered motor vehicle for which a Bodily Injury
\nliability bond or policy applies at the time of an Occurrence but the
\namount paid under that bond or policy to an Insured is not enough to
\npay the full amount the Insured is legally entitled to recover as
\ndamages caused by the Occurrence.<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n3.<\/td>\n <\/td>\nfor which an insuring or bonding company denies coverage or is
\nor becomes insolvent; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\nthat is a hit-and-run vehicle and neither the driver nor owner
\ncan be identified. The vehicle must:<\/td>\n<\/tr>\n<\/table>\n
\n\n\n\n\n
 <\/td>\n(a)<\/td>\n <\/td>\nhit you or any Relative, your registered motor vehicle,
\nyou or any Relative is occupying; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n(b)<\/td>\n <\/td>\ncause an Occurrence resulting in Bodily Injury to you or
\nany relative without hitting you, any Relative, your Automobile or an Automobile you
\nor any Relative is occupying.<\/td>\n<\/tr>\n<\/table>\n
If there is no physical contact with the hit-and-run vehicle, the facts of the
\nOccurrence must be proved. We will accept only competent evidence other that
\nthe testimony of a person making claims under this or any similar coverage.<\/p>\n
However, Uninsured Motor Vehicle does not include any vehicle:<\/p>\n<\/p>\n\n\n\n\n
 <\/td>\n1.<\/td>\n <\/td>\nowned or operated by a self-insurer under any applicable motor
\nvehicle law except a self-insurer who is or becomes insolvent and
\ncannot provide the amounts required by that motor vehicle law;<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n2.<\/td>\n <\/td>\nowned by a governmental unit or agency;<\/td>\n<\/tr>\n<\/table>\n
Page 9 of 10<\/p>\n<\/p>\n
\n
 <\/h5>\n<\/p>\n\n\n\n\n
 <\/td>\n3.<\/td>\n <\/td>\ndesigned for use mainly ???? public roads while not on public roads; or<\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n
 <\/td>\n4.<\/td>\n <\/td>\nowned by or furnished or available for the regular use of you
\nor any Relative.<\/td>\n<\/tr>\n<\/table>\n
Wrongful Act means any breach of duty, neglect, error, misstatement, misleading
\nstatement, omission or other act done relative to the administration of this
\npersonal excess liability coverage provided to the Named Insured.\n<\/p>\n<\/p>\n
In Witness Whereof, we have caused this policy to be executed and attested,
\nand, if required by state law, this policy will not be valid unless
\ncountersigned by our authorized representative.<\/p>\n
<\/p>\n<\/p>\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
[SIG]<\/td>\n <\/td>\n\n[SIG]<\/td>\n<\/tr>\n
Chairman of the Board<\/td>\n <\/td>\n\nSecretary<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
Page 10 of 10<\/p>\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
[CNA LOGO]<\/b><\/p>\n
<\/p>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Insured: Current & Retired Executives of General Dynamics Corporation and as
per
\nEndorsement No. 1<\/td>\n		 <\/td>\n\nEndorsement: 1<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Producer: Stewart Smith East, Inc.<\/td>\n <\/td>\n\nPolicy No: GPE 167040836<\/td>\n<\/tr>\n
\n
<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
NAMED INSURED ENDORESEMENT<\/b><\/p>\n
The following Current & Retired Executives of General Dynamics Corporation are
\nNamed Insureds under this policy for a limit of liability of $5,000,000:<\/p>\n
<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Anders, William<\/td>\n <\/td>\n\nToner, Michael W.<\/td>\n<\/tr>\n
Baler, David D.<\/td>\n <\/td>\n\nTurner Jr., James E.<\/td>\n<\/tr>\n
Bankus, Kent G.<\/td>\n <\/td>\n\nVeitch, Arthur J.<\/td>\n<\/tr>\n
Boisture Jr., W.W.<\/td>\n <\/td>\n\nVortmann, Richard H.<\/td>\n<\/tr>\n
Bruntrager, Edward C.<\/td>\n <\/td>\n\nWelch, John K.<\/td>\n<\/tr>\n
Cameron, Allan C.<\/td>\n <\/td>\n\nWylie, W. Peter<\/td>\n<\/tr>\n
Chabraja, Nicholas D.<\/td>\n <\/td>\n\nWynne, Michael W.<\/td>\n<\/tr>\n
Chandler, Michael E.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Chase, Alan C.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Dahlberg, Kenneth C.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
DeMuro, Gerard J.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Fogg, David H.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Hall, Asaph H.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Hall, Charles M.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Heebner, David K.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Hesse, Paul A.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Hill, Kenneth A.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Hudson, Linda P.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Kozen, Raymond E.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Mancuso, Michael J.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
McQueary, Charles E.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Mellor, James R.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Oliver, Walter M.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Pease, Kendell<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Rambeau, Arch H.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Savner, David A.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Schmieder, William O.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Schmutte, Daniel P.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Schwartz, John W.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Scott, David E.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Sechler, Henry J.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Stewart, John F.<\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
Nothing herein contained shall be held to vary, alter, waive, or extend any of
\nthe terms, conditions, or limitations of the policy to which this endorsement
\nis attached other than as above stated.<\/p>\n
\n
<\/p>\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\nCOLUMBIA CASUALTY COMPANY<\/td>\n<\/tr>\n
Issued On:<\/td>\n <\/td>\n\nMay 30, 2001<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Effective Date:<\/td>\n <\/td>\n\nJune 5, 2001\n<\/td>\n <\/td>\n[SIG]<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n\n
<\/td>\n<\/tr>\n
CES12451 (3\/99)<\/td>\n <\/td>\n <\/td>\n <\/td>\nAuthorized Representative<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
[CNA LOGO]<\/b><\/p>\n
<\/p>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Insured: Current & Retired Executives of General Dynamics Corporation and as
per
\nEndorsement No. 1<\/td>\n		 <\/td>\n\nEndorsement: 2<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Producer: Stewart Smith East, Inc.<\/td>\n <\/td>\n\nPolicy No: GPE 167040836<\/td>\n<\/tr>\n
\n
<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
Rate and Premium Schedule<\/b><\/p>\n
<\/p>\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Rate per Participant<\/b><\/td>\nPolicy Limit<\/b><\/td>\nNo. of Participants<\/b><\/td>\nTotal Premium<\/b><\/td>\n<\/tr>\n
\n
<\/td>\n		\n
<\/td>\n		\n
<\/td>\n		\n
<\/td>\n<\/tr>\n
\n
$575.00<\/div>\n<\/td>\n
 <\/td>\n <\/td>\n <\/td>\n$<\/td>\n5,000,000<\/td>\n <\/td>\n <\/td>\n39<\/td>\n <\/td>\n$<\/td>\n22,425.00<\/td>\n <\/td>\n<\/tr>\n
\n
 <\/div>\n<\/td>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n\n
<\/td>\n		 <\/td>\n<\/tr>\n
\n
 <\/div>\n<\/td>\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\nThe total premium for this policy is:<\/td>\n <\/td>\n$<\/td>\n22,425.00<\/td>\n <\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
The premium for this policy shall be adjusted upon renewal based on an updated
\nlisting of participants to be furnished to us at that time.<\/p>\n<\/p>\n
\nNothing herein contained shall be held to vary, alter, waive, or extend any of
\nthe terms, conditions, or limitations of the policy to which this endorsement
\nis attached other than as above stated.<\/p>\n
\n
<\/p>\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Issued On:<\/td>\n <\/td>\n\nMay 30, 2001\n<\/td>\n <\/td>\nCOLUMBIA CASUALTY COMPANY<\/td>\n<\/tr>\n
Effective Date:<\/td>\n <\/td>\n\nJune 5, 2001\n<\/td>\n <\/td>\n[SIG]<\/p>\n
\nAuthorized Representative<\/td>\n<\/tr>\n
G136618A (Ed: 10\/99)<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
<\/p>\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
[CNA LOGO]<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Insured: Current & Retired Executives of General Dynamics Corporation and as per
\nEndorsement No. 1<\/td>\n		 <\/td>\n\nEndorsement: 3<\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Producer: Stewart Smith East, Inc.<\/td>\n <\/td>\n\nPolicy No: GPE 167040836<\/td>\n<\/tr>\n
\n
<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
SERVICE OF SUIT CLAUSE<\/b><\/p>\n
It is agreed that in the event of the failure of the Insurer to pay any amount
\nclaimed to be due here under, the Insurer, at the request of the insured, will
\nsubmit to the jurisdiction of any court of competent jurisdiction within the
\nUnited States and will comply with all requirements necessary to give such
\ncourt jurisdiction and all matters arising here under shall be determined in
\naccordance with the law and practice of such court.<\/p>\n
It is further agreed that service of process in such suit may be made upon the
\nGeneral Counsel, Columbia Casualty, CNA Plaza, Chicago, IL and that in any suit
\ninstituted against such person upon this policy, the Insurer will abide by the
\nfinal decision of such court or of any appellate court in the event of an appeal.<\/p>\n
The above-named is authorized and directed to accept service of process on
\nbehalf of the Insurer in any such suit and, upon the request of the Insured, to
\ngive a written undertaking to the Insured that he will enter a general
\nappearance upon the Insurer\u0092s behalf in the event such suit shall be
\ninstituted.<\/p>\n
Further, pursuant to any statute of any state, territory or district of the
\nUnited States which makes provision therefor, the Insurer hereby designates the
\nSuperintendent, Commissioner or Director of Insurance or other officer
\nspecified for that purpose in the statute, or his successor or successors in
\noffice, as its true and lawful attorney upon whom may be served any lawful
\nprocess in any action, suit or proceeding instituted by or on behalf of the
\ninsured or any beneficiary here under arising out of this contract of
\ninsurance, and hereby designates the above-named as the person to whom the said
\nofficer is authorized to mail such process or true copy thereof.<\/p>\n
All other provisions of the policy remain unchanged.<\/p>\n<\/p>\n
\nNothing herein contained shall be held to vary, alter, waive, or extend any of
\nthe terms, conditions, or limitation of the policy to which this endorsement is
\nattached other than as above stated.<\/p>\n
\n
<\/p>\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Issued On:<\/td>\nMay 30, 2001<\/td>\n\nCOLUMBIA CASUALTY COMPANY<\/td>\n<\/tr>\n
Effective Date:<\/td>\nJune 6, 2001<\/td>\n\n[SIG]<\/p>\n
\nAuthorized Representative<\/td>\n<\/tr>\n
CES SUIT (3\/99)<\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
\n<\/p>\n
\n
 <\/h5>\n<\/p>\n
<\/p>\n\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
[CNA LOGO]<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Insured: Current & Retired Executives of General Dynamics Corporation and as per
\nEndorsement No. 1<\/td>\n		 <\/td>\n\nEndorsement: 4<\/td>\n<\/tr>\n
Producer: Stewart Smith East, Inc.<\/td>\n <\/td>\n\nPolicy No: GPE 167040836<\/td>\n<\/tr>\n
\n
<\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.<\/b><\/p>\n
Supplementary Uninsured\/Underinsured Motorists Coverage Extension<\/b><\/p>\n
WHAT WE DO NOT COVER, Item No. 16, is deleted and replaced with the following:<\/p>\n
     This Insurance does not apply to:<\/p>\n<\/p>\n\n\n
16.<\/td>\n <\/td>\nSums which an insured is entitled to recover from the owner or operator
\nof an \u0093Uninsured Motor Vehicle\u0094.<\/td>\n<\/tr>\n<\/table>\n
However, this exclusion does not apply if such liability is covered by valid
\nand collectible underlying insurance as listed in the Schedule of Required
\nUnderlying Insurance shown on the policy Declaration, for the full limit shown
\ntherein, and then only for such liability for which coverage is afforded under
\nsaid underlying insurance.<\/p>\n<\/p>\n
\nNothing herein contained shall be held to vary, alter, waive, or extend any of
\nthe terms, conditions, or limitations of the policy to which this endorsement
\nis attached other than as above stated.<\/p>\n
\n
<\/p>\n\n\n\n\n\n
 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Issued On:<\/td>\n <\/td>\n\nMay 30, 2001\n<\/td>\n <\/td>\nCOLUMBIA CASUALTY COMPANY<\/td>\n<\/tr>\n
Effective Date:<\/td>\n <\/td>\n\nJune 5, 2001\n<\/td>\n <\/td>\n[SIG]<\/p>\n
\nAuthorized Representative<\/td>\n<\/tr>\n
G-129402A (Ed. 3\/99)<\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/table>\n
<\/center><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7130,7614],"corporate_contracts_industries":[9446,9475],"corporate_contracts_types":[9613,9620],"class_list":["post-42291","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-cna-financial-corp","corporate_contracts_companies-general-dynamics-corp","corporate_contracts_industries-insurance__property","corporate_contracts_industries-aerospace__ships","corporate_contracts_types-operations","corporate_contracts_types-operations__services"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42291"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42291"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42291"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}