Orange County NC Website
Browse       Search
EpdvTjho!Fo4 rpgf!,E;!B63G1C35.9141.51 EG9:37.4G1 4323BDl 35 <br /> POLICYNUMBER: B2K8262X COMMERCIAL AUTOMOBILE <br /> THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> COMMERCIAL AUTOMOBILE ELITE ENDORSEMENT <br /> This endorsement modifies insurance provided under the following: <br /> BUSINESS AUTO COVERAGE FORM <br /> With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless modi- <br /> fied by this endorsement. <br /> 1. BROAD FORM INSURED B. Employees as Insureds <br /> A. Subsidiaries and Newly Acquired or Formed Paragraph A.1. -WHO IS AN INSURED —of <br /> Organizations SECTION II - LIABILITY COVERAGE is <br /> The Named Insured shown in the Declara- amended to add: <br /> tions is amended to include: Any "employee" of yours while using a cov- <br /> (1) Any legally incorporated subsidiary in ered "auto" you don't own, hire or borrow in <br /> which you own more than 50% of the your business or your personal affairs. <br /> voting stock on the effective date of the C. Lessors as Insureds <br /> Coverage Form. However, the Named <br /> Insured does not include any subsidi- Paragraph A.1 - WHO IS AN INSURED of <br /> ay: Section II - LIABILITY COVERAGE is <br /> (a) That is an 'Insured" under any other amended to add: <br /> automobile policy or e. The lessor of a covered "auto"while the <br /> (b) That would be an "insured" under "auto" is leased to you under a written <br /> such a policy but for (i) its termina- agreement if: <br /> tion or (ii) the exhaustion of its Limit (1) The agreement requires you to pro- <br /> of Insurance. vide direct primary insurance for the <br /> (2) Any organization that is acquired or lessor and <br /> formed by you and over which you (2) The "auto"is leased without a driver. <br /> maintain majority ownership. However, Such a leased "auto" will be consid- <br /> the Named Insured does not include ered a covered "auto"you own and <br /> any newly formed or acquired organiza- not a covered "auto"you hire. <br /> tion: <br /> (a) That is a partnership, joint venture 2. ADDITIONAL INSURED BY CONTRACT, <br /> or limited liability company, PERMIT OR AGREEMENT <br /> (b) That is an 'Insured" under any other The following is added to A.1 WHO IS AN <br /> policy, INSURED of SECTION II - LIABILITY <br /> (c) That has exhausted its Limit of In- COVERAGE: <br /> surance under any other policy, or Any person or organization for whom you are <br /> (d) 180 days or more after its acquisition required to name as an additional insured in a <br /> or formation by you, unless you written contract or agreement that is executed or <br /> have given us notice of the acquisi- signed by you prior to a "bodily injury"or "prop- <br /> tion or formation. erty damage" occurrence is an 'Insured" for li- <br /> Coverage does not apply to "bodily injury" ability coverage, but only to the extent that per- <br /> or "property damage" that results from an son or organization qualifies as an 'Insured" <br /> "accident" that occurred before you formed under the WHO IS AN INSURED provision con- <br /> or acquired the organization. tained in SECTION 11 of the coverage form. <br /> If specifically required by the written contract or <br /> agreement referenced in the paragraph above, <br /> any coverage provided by this endorsement to <br /> an additional insured shall be primary and any <br /> 64 87221012 Includes Copyrighted materials by ©ISO Properties, Inc. Page 1 of 3 <br /> INSURED COPY <br />