Orange County NC Website
DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC172lF9 <br /> If any of the other insurance does not permit contribution by equal shares, we will contribute by limits. Under <br /> this method, each insurer's share is based on the ratio of its applicable limit of insurance to the total applicable <br /> limits of insurance of all insurers. <br /> 17. Automatic Insurance for Newly Acquired Aircraft. <br /> (a) The coverages that shall automatically apply to the newly acquired aircraft are the same as those applicable to <br /> the first scheduled aircraft of the same make and model shown in the Aircraft Schedule(s). <br /> (b) Refer to SECTION IV - LIMITS OF INSURANCE for the limits of insurance applicable to newly acquired <br /> aircraft. <br /> 18. Failure to Give Notice. <br /> Inadvertent failure to give notice or other information to the Policy Issuing Office shown in the Declarations,as required <br /> by this policy will not relieve us of our obligations set forth in this policy,provided that any such inadvertent failure is <br /> corrected as soon as possible after coming to the attention of the you or your Insurance Department,if any. <br /> 19. Financial Responsibility Laws. <br /> When this policy is certified as proof of financial responsibility for the future under the provisions of any financial <br /> responsibility law applicable to aircraft, such insurance as is afforded by this policy for bodily injury liability and <br /> property damage liability shall comply with the provisions of such law to the extent of the coverage and limits of <br /> insurance required by such law,but in no event in excess of the Limits of Insurance shown in the Declarations of this <br /> policy. The insured agrees to reimburse us for any payment made by us which we would not have been obligated to <br /> make under the terms of this policy except for the agreement contained in this paragraph. <br /> 20. Two or More Scheduled Aircraft. <br /> When the insurance afforded by this policy applies to two or more scheduled aircraft, the terms of this policy shall <br /> apply separately to each. <br /> UAS (June 15,2018) Page 16 of 20 <br /> Includes copyrighted material of Insurance Services Office,Inc.,with its permission. <br />