# EXCESS OVERLAYER INDEMNITY POLICY

## FOLLOW FORM AGGREGATE

It is agreed that Section 4. Conditions relating to "Limits Of Liability" is amended to read as follows:

### LIMITS OF LIABILITY

(1) Aetna Casualty shall not be liable for more than the amount of the limits stated in Section 1 as "each accident or occurrence" with respect to EXCESS NET LOSS resulting from any one accident or occurrence, provided:
(a) If limits of liability are separately stated as applicable to certain kinds of loss, certain limits shall apply separately to that part of each loss which is in excess of the total of the limits of liability of the underlying insurance policies applicable to the same kind of loss;
(b) If any single limit of liability is stated, such limit shall apply to that part of all loss which is in excess of the total of the applicable limits of liability of the underlying insurance policies; and;
(c) If any limit of liability stated is expressed as a quota share percentage of a stated amount of excess loss, Aetna Casualty shall not be liable for more than that percentage of loss, to which this policy applies.

(2) Subject to above provisions respecting 'each accident or occurrence', the total liability of Aetna Casualty for all EXCESS NET LOSS shall not exceed the Limit of Liability stated in Section 1 as 'Aggregate' for any coverage for which an Aggregate Limit of Liability applies in the Controlling Insurance.

(3) If this policy is in effect for a period of more than one year, the Limit of Liability applies separately to each consecutive annual period, and to any remaining period of less than 12 months, starting with the beginning of the policy period shown in the Declarations. But if the policy period is extended for less than 12 months, the extended period will be deemed to be part of the last preceding period for purposes of determining the Limits of Liability.

This endorsement, issued by one of the below named companies, forms a part of the policy to which attached, effective on the inception date of the policy unless otherwise stated herein.

(The information below is required only when this endorsement is issued subsequent to preparation of policy.)

| Endorsement Effective | Policy No. | Endorsement No. |
|-----------------------|------------|-----------------|
| Insured                |            |                 |
| Additional Premium $   | Return Premium $ | BI PD |
|                        | In Advance $ | $ |
|                        | 1st Anniv. $ | $ |
|                        | 2nd Anniv. $ | $ |

The Aetna Casualty and Surety Company<br> Hartford, Connecticut

Countersigned by <br>Authorized Representative

XN13183 (11-91)