# Quota Share Participation Endorsement

**Policy Number:** NY23AXSZ056H1IV  
**Policy Effective:** 5/21/2023 12:01:00 AM  

## TRUE EXCESS LIABILITY POLICY

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

### QUOTA SHARE PARTICIPATION ENDORSEMENT

This endorsement modifies insurance provided under this policy:

**TRUE EXCESS LIABILITY POLICY**

Words and phrases that appear in quotation marks have special meaning. Refer to definition(s) found below.

A. The following is added to section 2. LIMITS OF LIABILITY:

The obligations of this policy are several, and not joint, and are limited solely to the extent of the Company's individual percentage (%) share of the "quota share layer limit of liability."

The Company shall pay the lessor of:
1. the Limits of Liability shown in Item 4. of the Declarations; or
2. the Company's percentage (%) share of the "quota share layer limit of liability" of those sums to which this policy applies.

The Company is not responsible for the percentage (%) share of the "quota share layer limit of liability" of any other Quota Share Policy(ies) that for any reason, including but not limited to insolvency or failure of the Insured to maintain the Quota Share Policy(ies), does not satisfy all or part of its obligation.

"Quota share layer limit of liability" is the sum of the Limits of Liability of all Quota Share Policy(ies), as listed in SECTION I of the SCHEDULE OF EXCESS POLICY(IES), plus the Company's Limits of Liability shown in Item 4. of the Declarations.

All other terms of the policy remain unchanged.

**Class 2-13000 Risk**

**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK INSURANCE LAW AND REGULATIONS. HOWEVER, THE FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.