# CHUBB Enhanced Commercial Umbrella Liability Policy

## VI. CONDITIONS

### Appeals
In the event an "insured" elects not to appeal a judgment in excess of the "retained limit", we may elect to appeal. If we elect to appeal, we will be liable for, in addition to the applicable Limits of Insurance of this policy, all "defense costs" on that amount of any judgment that does not exceed the applicable Limits of Insurance shown in the Declarations related to such an appeal, subject to the limitations set forth in Section III. DUTY TO DEFEND AND "DEFENSE COSTS".

### Assignment or Transfer of "Insured's" Rights and Duties
An "insured's" rights and duties under this policy may not be assigned or transferred, except by an endorsement to this policy issued by us. If an "insured" dies or is legally declared bankrupt, then the "insured's" rights and duties will be transferred to its legal representative, but only while acting within the scope of duties as its legal representative. Until its legal representative is appointed, anyone having temporary custody of such "insured's" property will have its rights and duties, but only with respect to that property.

### Bankruptcy of "Insured"
An "insured's" bankruptcy, insolvency, refusal or inability to pay will not relieve us of our obligations under this policy.

### Cancellation
1. 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.
2. The first "Named Insured" shown in the Declarations may cancel this policy. The first "Named Insured" shown in the Declarations must mail or deliver to us advance written notice stating when cancellation is to take effect.
3. We may cancel this policy. If we cancel because of non-payment of premium, we must mail or deliver to the first "Named Insured" shown in the Declarations 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 the first "Named Insured" shown in the Declarations not less than sixty (60) days advance written notice stating when the cancellation is to take effect. Mailing that notice to the first "Named Insured" at the mailing address shown in the Declarations will be sufficient to prove notice.
4. The "policy period" will end on the day and hour stated in the cancellation notice.
5. In the event of cancellation, 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 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 to the first

XSE- 50762(05/18)
Page 13 of 27