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UMBRELLA <br />Page 14 of 22 © 2016 The Travelers Indemnity Company. All rights reserved.EU 00 01 07 16 <br />d.That Extended Reporting Period <br />endorsement is issued by us and made a <br />part of this policy. <br />3.Any Extended Reporting Period endorsement <br />for this insurance will not reinstate or increase <br />the Limits of Insurance or extend the policy <br />period. <br />4.Except with respect to any provisions to the <br />contrary contained in Paragraphs 1., 2. or 3. <br />above, all provisions of any option to purchase <br />an "extended reporting period" granted to you in <br />the "underlying insurance" apply to this <br />insurance. <br />J. INSPECTIONS AND SURVEYS <br />1.We have the right but are not obligated to: <br />a.Make inspections and surveys at any time; <br />b.Give you reports on the conditions we find; <br />and <br />c.Recommend changes. <br />2.Any inspections, surveys, reports or <br />recommendations relate only to insurability and <br />the premiums to be charged. We do not make <br />safety inspections. We do not undertake to <br />perform the duty of any person or organization <br />to provide for the health or safety of workers or <br />the public. We do not warrant that conditions: <br />a.Are safe or healthful; or <br />b.Comply with laws, regulations, codes or <br />standards. <br />K. LEGAL ACTION AGAINST US <br />1.No person or organization has a right under this <br />insurance: <br />a.To join us as a party or otherwise bring us <br />into a "suit" asking for damages from an <br />insured; or <br />b.To sue us on this insurance unless all of its <br />terms have been fully complied with. <br />2.A person or organization may sue us to recover <br />on an agreed settlement or on a final judgment <br />against an insured. We will not be liable for <br />damages that: <br />a.Are not payable under the terms of this <br />insurance; or <br />b.Are in excess of the applicable limit of <br />insurance. <br />An agreed settlement means a settlement and <br />release of liability signed by us, the insured and <br />the claimant or the claimant's legal <br />representative. <br />L. MAINTENANCE OF UNDERLYING INSURANCE <br />1.The insurance afforded by each policy of <br />"underlying insurance" will be maintained for <br />2.The first Named Insured shown in the <br />Declarations must give us written notice of <br />any change in the "underlying insurance" as <br />respects: <br />a.Coverage; <br />b.Limits of insurance; <br />c.Termination of any coverage; or <br />d.Exhaustion of aggregate limits. <br />3.If you are unable to recover from any <br />"underlying insurer" because you fail to <br />comply with any term or condition of the <br />"underlying insurance", Coverage A is not <br />invalidated. However, we will pay for any loss <br />only to the extent that we would have paid had <br />you complied with that term or condition in <br />that "underlying insurance". <br />M. OTHER INSURANCE <br />This insurance is excess over any valid and <br />collectible "other insurance" whether such "other <br />insurance" is stated to be primary, contributing, <br />excess, contingent or otherwise. This provision <br />does not apply to a policy bought specifically to <br />apply as excess of this insurance. <br />However, if you specifically agree in a written <br />contract or agreement that the insurance provided <br />to any person or organization that qualifies as an <br />insured under this insurance must apply on a <br />primary basis, or a primary and non-contributory <br />basis, then insurance provided under Coverage A <br />is subject to the following provisions: <br />POLICY NUMBER: CUP-3T402591-25-14 <br />the full policy period of this Excess Follow- <br />Form And Umbrella Liability Insurance. This <br />provision does not apply to the reduction or <br />exhaustion of the aggregate limit or limits of <br />such "underlying insurance" solely by <br />payments as permitted in Paragraphs 4.a.(1), <br />(2) and (3) of COVERAGE A – EXCESS <br />FOLLOW-FORM LIABILITY of SECTION I – <br />COVERAGES. As such policies expire, you <br />will renew them at limits and with coverage at <br />least equal to the expiring limits of insurance. <br />If you fail to comply with the above <br />requirements, Coverage A is not invalidated. <br />However, in the event of a loss, we will pay <br />only to the extent that we would have paid had <br />you complied with the above requirements. <br />Docusign Envelope ID: 03EC0D15-D674-4D12-9ED3-8A2C214EE218