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rr��C, .i ,� ..w.. c.�,�.c �� :.��...o.,, .. ✓c�� .>� .u.... iV July w •�cr on, F.V���� .v .�C�C.i� ..ply ,,,ail ii �( <br /> - 7 � '- � Jt111 iilat <br /> any other insurer or self-insurer has a any to defend, If such other insurer or self-insurer refuses to defend such 9 <br /> claim•or suit, the company shall be entitled to the nsured's rights against all such other insurers or self-insurers for <br /> any defense costs incurred by the company. <br /> When both this insurance and other insurance or self- insurance apply to the loss on the same basis, whether <br /> primary,-excess or contingent, the company shall not be liable under this policy for a greater proportion of the loss <br /> or defense costs than the applicable limit of liability under this policy for such loss bears to the total applicable limit <br /> of liability of all valid and collectible insurance against such loss. <br /> 7. SUBROGATION. In the event of any payment under this policy the company shall be subrogated to all the <br /> insured's right of recovery therefor and the insured shall execute all papers required and shall do everything that <br /> may be necessary to secure such rights. <br /> 8. CHANGES. No notice to any agent, or knowledge possessed by any agent or by any other person shall be held to <br /> effect a waiver or change in any part of this policy nor estop the company from asserting any right under the terms <br /> of this policy; nor shall the terms of this policy be waived or changed, except by endorsement issued to form a part <br /> thereof, signed by an executive officer of the company or its authorized representative. <br /> 9. ASSIGNMENT. No assignment of interest under this policy shall bind the company until its consent is endorsed <br /> hereon; if, however, the named insured shall die or be adjudged bankrupt or insolvent within the policy period, this <br /> policy, unless cancelled, shall, if written notice by given to the company within sixty days after the date of such <br /> death or adjudication, cover the named insured's legal representative as the named insured. <br /> 10. CANCELLATION. This insurance may be cancelled on the customary short rate basis by the insured at any time <br /> by written notice or by surrender of this insurance to the company or its authorized representative. This insurance <br /> may also be cancelled, with or without the return or tender of the unearned premium, by the company, or by its <br /> authorized representative on its behalf, by delivering to the insured or by sending to the insured by mail, registered <br /> or unregistered, at his address last known to the company or its authorized agent, not less than thirty days written <br /> notice, or as required by statute, whichever is greater, stating when the cancellation shall be effective, and in such <br /> case the company shall refund the paid premium less the earned portion thereof on demand, subject always to the <br /> retention by the company of any minimum premium stipulated herein (or proportion thereof previously agreed upon) <br /> in the event of cancellation either by the company or the insured. In case of non-payment of premium only ten <br /> days written notice of cancellation must be given by the company. <br /> 11. POLICY TERRITORY. This insurance applies only to incidents within the United States of America, its territories <br /> or possessions. <br /> In Witness Whereof, the company has caused this policy to be executed and attested, but this policy shall not be valid <br /> unless, if necessary, it is countersigned by a duly authorized representative of the company. <br /> * 01010%•>1°.. p... Lei( / <br /> Secretary President <br /> POP-2004(4/88) Page 4 of 4 <br />