# Quota Share Participation Endorsement

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

| Policy No. AXF 0953286 00 | Effective Date: 05/21/2020 |

This endorsement modifies insurance provided under the:

- **U.S. Short Excess Form**

Items 4.a. and 4.b. of the Declarations apply as follows:

| Item 4. Limit of Liability: |
| --- |
| a. USD $5,000,000 Part of USD $100,000,000 Each Occurrence (Insuring Agreement 2): |
| b. USD $5,000,000 Part of USD $100,000,000 Aggregate, where applicable |

Each Quota Share Layer Participant shown in the Schedule Of Quota Share Participants below shall be liable only for such proportion of any covered loss as specified in such Schedule.

In the event any policy issued by any of the Quota Share Layer Participants listed below restricts coverage, this Policy will be subject to the most restrictive coverage. In no event shall this Policy grant broader coverage than would be provided by any of the Quota Share Layer Participants listed below.

The Company's liability and that of the other Quota Share Layer Participants shall be several and not joint. The Company shall be liable under this Policy for any covered amounts on a pro rata basis in the same proportion as the Company's Aggregate Limit of Participation bears in relation to the total Aggregate Limits of Participation for all Quota Share Layer Participants, as shown in in the Schedule below.

The Company shall not be liable under this Policy for any amount in excess of the Limit of Insurance for this Policy stated in Item 4.b. of the Declarations of this Policy, or in excess of the Company's Aggregate Limit of Participation, whichever is less, regardless of any changes in circumstances, including, but not limited to, changes in the terms and conditions of the policy issued by any Quota Share Layer Participant, the cancellation of such policy, or the removal or bankruptcy of any Quota Share Layer Participant.

## Schedule Of Quota Share Participants

| Participating Carriers | Policy Number | Limit of Participation |
| --- | --- | --- |
| Lloyd's Underwriter Syndicate | CSUSA2004914 | $25,000,000 part of $100,000,000 |
| Navigators | NY20AXSZ056H1IV | $25,000,000 part of $100,000,000 |
| Sompo Bermuda | EXC10000024511 | $15,000,000 part of $100,000,000 |
| Great Lakes Insurance SE | CSUSA2004915 | $15,000,000 part of $100,000,000 |
| Everest Insurance (Ireland) DAC | CSUSA2004917 | $15,000,000 part of $100,000,000 |
| Zurich-American Insurance Co | AXF-0953286 00 | $ 5,000,000 part of $100,000,000 |

**U-AXF-150-A CW (11/17)**  
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