# Policy Endorsement

**POLICY NUMBER:** CCU3967489  
**Effective Date of Endorsement:** May 21, 2012  
**XS 70 35 09 11**  
**Endorsement No.: 001**

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

## EQUAL TERMS FOR QUOTA SHARE

The Named Insured has represented to the Insurer that this insurance is subject to the same warranties, terms, conditions, exclusions and limitations (except as regards the limits of the liability) as are contained or as may be added to the respective policies of any insurers who participate in the same quota share layer (insurers contributing to a combined limit of insurance known as a layer) of coverage as the Insurer, hereinafter referred to as Quota Share Participant Policies.

In the event that the warranties, terms, conditions, exclusions or limitations of the Quota Share Participant Policies further limit or restrict coverage, this insurance will be subject to such further limiting or restricting warranties, terms, conditions, exclusions and limitations.

In no event shall this insurance grant broader coverage for any type of coverage than would be provided by any of the Quota Share Participant Policies.

All other terms and conditions of the policy remain unchanged.