# Reimbursement of Deductible Endorsement Allocated Loss Adjustment Expense ("ALAE") Borne Entirely by the Insured

## Named Insured
- **International Business Machines Corporation**
- **Endorsement Number** 31

## Policy Information
- **Policy Symbol** HDO
- **Policy Number** G71445653
- **Policy Period** 05/21/2020 to 05/21/2021
- **Effective Date of Endorsement**

## Issued By
- **Name of Insurance Company** ACE American Insurance Company

## Endorsement Details
- **THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**
- **This endorsement modifies all insurance provided under the following:**
  - COMMERCIAL GENERAL LIABILITY COVERAGE FORM

### I) Deductible Amount(s)
1. **Indemnity:** $15,000,000; plus,
2. All "ALAE".
3. The Indemnity Deductible Amount applies separately to:
   (a) The sum of:
      (i) damages per "occurrence" under Coverage A;
      (ii) medical expenses per accident under Coverage C.
   (b) Damages sustained by any one person or organization under Coverage B.

### II) Additional Provisions
1. "We" will pay all sums that "we" become legally obligated to pay up to the Limits of Insurance under this policy.
2. "You" must reimburse us up to the Deductible Amount(s) for any amounts we have paid under this policy.
3. The Deductible Amount(s) will apply as shown in Section I of this endorsement regardless of the number of claimants, insureds, claims made or "suits" brought, or persons or organizations making claims or bringing "suits".
4. If "you" fail to reimburse "us" for any amount due under this endorsement, or fail to provide "us" any collateral that "we" require, "you" will be in default of "your" obligations to "us", and "we" may take any steps "we" deem necessary to enforce our rights against "you", including but not limited to drawing on any amount of collateral "we" hold or canceling this policy, if permitted by law.
5. Each Named Insured is jointly and severally liable for all reimbursable amounts under this endorsement.

## References
- LD-19651e (09/09)
- Page 1 of 2
- Includes copyrighted material of Insurance Services Office, Inc. with its permission