# Bankruptcy

Your bankruptcy, insolvency, refusal or inability to pay will not relieve us of our obligations under this policy. In the event of bankruptcy, insolvency, refusal or inability to pay of any underlying insurer, the insurance afforded by this policy will not drop down or replace “underlying insurance”, but will apply as if the limits of such “underlying insurance” are fully available and collectible and we will not assume any obligation under “underlying insurance”.

## Cancellation

1. You may cancel this policy. You must mail or deliver to us advance written notice stating when cancellation is to take effect.
2. We may cancel this policy. If we cancel because of non-payment of premium, we must mail or deliver to you not less than ten (10) days advance written notice stating when the cancellation is to take effect. If we cancel for any other reason, we must mail or deliver to you not less than sixty (60) days advance written notice stating when the cancellation is to take effect. Mailing that notice to you at your mailing address shown in the Declarations will be sufficient to prove notice.
3. The “policy period” will end on the day and hour stated in the cancellation notice.
4. If we cancel, final premium will be calculated pro rata based upon the time this policy was in force. Final premium will not be less than the pro rata share of the Minimum Premium as shown in the Declarations.
5. If you cancel, final premium will be more than pro rata; it will be based on the time this policy was in force and increased by our short rate cancellation table and procedure. Final premium will not be less than the short rate share of the Minimum Premium as shown in the Declarations.
6. Premium adjustment may be made at the time of cancellation or as soon as practicable thereafter, but the cancellation will be effective even if we have not made or offered any refund due you. Our check or our representative’s check, mailed or delivered, will be sufficient tender of any refund due you.
7. The first Named Insured shown in the Declarations will act on behalf of all other “insureds” with respect to the giving and receiving of notice of cancellation and the receipt of any refund that may become payable under this policy.

## Changes

This policy may be changed only by a written endorsement to this policy issued by us.

## Duties in the Event of “Occurrence”, Claim or “Suit”

1. You must see to it that we are notified as soon as practicable of an “occurrence” which may result in a claim for damages under this policy. To the extent possible, notice should include:
   - How, when and where the “occurrence” took place;
   - The names and addresses of any injured persons and witnesses; and
   - The nature and location of any injury or damage arising out of the “occurrence”.
2. If a claim is made or “suit” is brought against any “insured” that is reasonably likely to involve this policy, you must:
   - Immediately record the specifics of the claim or “suit” and the date received; and
   - Notify us in writing as soon as practicable.
3. You and any other involved “insured” must:
   - Immediately send us copies of any demands, notices, summonses or legal papers received in connection with the claim or “suit”;
   - Authorize us to obtain records and other information;
   - Cooperate with us in the investigation or settlement of the claim or defense against the “suit”; and