2019-258-E Visitors Bureau - Wil Weldon aerial photography

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DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC1721 F9 14. Examination of Your Books and Records. We may examine and audit your books and records as they relate to this policy at any time during the policy period and up to three years afterward. 15. Premium Audit. (a) We will compute all premiums for this policy in accordance with our rules and rates. (b) Premium shown in this policy as advance premium is a deposit premium only. At the close of each audit period we will compute the earned premium for that period and send notice to the first Named Insured. The due date for audit and retrospective premiums is the date shown as the due date on the bill. If the sum of the advance and audit premiums paid for the policy period is greater than the earned premium, we will return the excess to the first Named Insured. (c) The first Named Insured must keep records of the information we need for premium computation and send us copies of those records at such times as we may request. 16. Other Insurance. If other valid and collectible insurance is available to the insured for a loss covered by this policy, our obligations are limited as follows: (a) Primary Insurance This insurance is primary except when Paragraph (b)below applies. If this insurance is primary, our obligations are not affected unless any of the other insurance is also primary.Then,we will share with all that other insurance by the method described in Paragraph(c)below. (b) Excess Insurance This insurance is excess over any other primary insurance available to you,covering liability for damages to which this policy applies,for which you have been added as an insured. When this insurance is excess, we will have no duty arising from any coverage afforded by this policy to defend the insured against any suit if any other insurer has a duty to defend the insured against that suit.If no other insurer defends,we will undertake to do so,but we will be entitled to the insured's rights against all those other insurers. When this insurance is excess over other insurance, we will pay only our share of the amount of the loss, if any, that exceeds the sum of- (1) The total amount that all such other insurance would pay for the loss in the absence of this insurance; and (2) The total of all deductible and self-insured amounts set forth in all that other insurance. When the insurance afforded by this policy is excess over any other insurance,then the limits of insurance shown in this policy shall be reduced by the applicable limits of such other insurance if such other insurance shall have been written through Global Aerospace Underwriting Managers Limited or any of its subsidiaries or subsidiaries thereof. Using the method described in(c)below,we will share the remaining loss,if any,with any other insurance that is not described in this Excess Insurance provision and was not bought specifically to apply in excess of the limits of insurance shown in this policy. (c) Method of Sharing If all of the other insurance permits contribution by equal shares, we will follow this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable limit of insurance or none of the loss remains,whichever comes first. UAS (June 15,2018) Page 15 of 20 Includes copyrighted material of Insurance Services Office,Inc.,with its permission.