(b) On or after the expiration date of this policy, coverage will remain in effect at the same terms and conditions of this policy for another policy period, at the lower of the current rates or the prior period's rates, unless the first Named Insured, during this additional policy period, has replaced the coverage or elects to cancel.

(5) If you elect to renew on the basis of a late conditional renewal notice, the terms, conditions and rates set forth in such notice shall apply:

(a) Upon expiration of the 60-day period; or

(b) Notwithstanding the provisions in Paragraphs (4)(a) and (b) above, as of the renewal date of the policy if we send the first Named Insured the conditional renewal notice at least 30 days prior to the expiration or anniversary date of the policy.

(6) We will not send you notice of non-renewal or conditional renewal if you, your authorized agent or broker or another insurer of yours mails or delivers notice that the policy has been replaced or is no longer desired.

3. The aggregate limits of this policy as shown in the Declarations will be increased in proportion to any policy extension provided in accordance with Section 2., Paragraph d.(4) above.

4. Paragraph G. of Section IV. Limits of Insurance does not apply when the "policy period" is extended because we sent the first Named Insured an incomplete or late conditional renewal notice or a late non-renewal notice.

E. Changes

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

F. 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" or an offense, regardless of amount, which may result in a claim for damages under this policy. To the extent possible, notice should include:

a. How, when and where the "occurrence" or offense took place;

b. The names and addresses of any injured persons and witnesses; and

c. The nature and location of any injury or damage arising out of the "occurrence" or offense.

2. If a claim is made or "suit" is brought against any "insured" that is reasonably likely to involve this policy, you must:

a. Immediately record the specifics of the claim or "suit" and the date received; and

b. Notify us in writing as soon as practicable.

3. You and any other involved "insured" must:

a. Immediately send us copies of any demands, notices, summonses or legal papers received in connection with the claim or "suit";

b. Authorize us to obtain records and other information;

c. Cooperate with us in the investigation or settlement of the claim or defense against the "suit"; and

d. Assist us, upon our request, in the enforcement of any right against any person or organization which may be liable to the "insured" because of injury or damage to which this insurance may also apply.

4. Notice given by or on behalf of the "insured", or written notice by or on behalf of the injured person or any other claimant, to any agent of ours in New York State, with particulars sufficient to identify the "insured", shall be considered to be notice to us.

5. No "insured" will, except at that "insured's" own cost, voluntarily make a payment, assume any

XS-29461 (04/10)

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