# RISK DETAILS - WORDING

## CO-INSURANCE CLAUSE

In consideration of the payment of premium, and in reliance upon all statements made and information furnished to the Company (as stated in the Security Details), and subject to the terms and conditions of the Controlling Policy identified in the Risk Details and to the terms and conditions as are set forth in this Policy, the Company agrees to pay those sums which the Insured shall be obligated to pay as damages by reason of the liability arising out of the hazards covered by and as more fully defined in the Controlling Policy.

Provided that:

(1) the liability of the Company shall not exceed the limit(s) of liability expressed in the Risk Details or such other limit(s) as may be substituted therefor by endorsement hereon or attached hereto signed by or on behalf of the Company.

(2) this Policy shall be subject to the same terms, provisions and limitations as are contained in the Controlling Policy, except as amended hereon.