# Allianz Excess Liability Following Form Coverage

## Section I. Coverage

A. Subject to the terms, definitions, exclusions and conditions contained in this policy, we shall pay those sums any Insured becomes legally obligated to pay as damages for liability covered by and as more fully defined in the First Underlying Policy shown in the attached Schedule of Underlying Insurance. However, this policy will apply only after the Insured, or the Insured's Underlying Insurers shown in the Schedule of Underlying Insurance, have paid or been held legally liable to pay the total amount of Underlying Limits shown in the Declarations for damages covered by the First Underlying Policy.

B. If any of the Underlying Insurers shown in the Schedule of Underlying Insurance exclude or limit any part of the coverage provided by the First Underlying Policy, this policy shall apply as though the Underlying Insurer or Insurers did not exclude or limit that part of the coverage, subject to the following:

1. This policy shall continue to apply in excess of the amount shown in the Schedule of Underlying Insurance; and
2. The Insured agrees that to the extent that any underlying insurance excludes or limits coverage for damages and no other insurance affords coverage for damages thereby excluded or limited, the Insured shall be considered a self-insurer for any deficit amount not otherwise paid.

C. Except with respect to the limits of liability, underlying limits, premium, renewal agreement or any terms or conditions included within this policy or endorsed onto this policy, the terms, definitions, exclusions and conditions of the First Underlying Policy in effect on the effective date of this policy apply to this policy. Changes to the First Underlying Policy made subsequent to the effective date of this policy that do not broaden the scope of coverage afforded, including changes that add coverage for any person or organization as an additional insured, shall also apply to this policy.

However, notwithstanding the foregoing the following types of changes shall not apply or be binding upon us unless we have agreed in writing to such changes:

1. Any change to terms, definitions, exclusions and conditions that broaden the scope of the coverage provided by the First Underlying Policy; or
2. Any change to terms, definitions, exclusions and conditions for which the First Underlying Policy charges an additional premium; or
3. The addition of a coverage extension endorsement; or
4. Any change obligating the First Underlying Policy to provide notice or advice of cancellation or change in coverage to a third party.

## Section II. Limit of Liability

A. The Limits of Insurance shown in the Declarations are the maximum amounts we shall pay for damages for the following:

1. The Limit of Liability shown in the Declarations as the Each Occurrence Limit with respect to all damages for a single occurrence to which this insurance applies;

AGRL-XS 2335 (02-16)
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