D. The percentage assigned to you under A., B. or C shall not be increased by the insolvency of any other owner/members of the “joint venture” and shall not be subject to any rules of joint and/or several liability.

III. DEFINITIONS

The following definitions are added to the policy:

“Joint venture” means an association by contract in which you join together with one or more other entities with ownership interest in the venture (member/owners) to accomplish mutually a specific project or group of projects. A “joint venture” may take the form of a joint venture, limited liability company, or partnership.

“Joint venture retained limit” means your percentage ownership interest in the “joint venture”, multiplied by the applicable “retained limit”.

All other terms and conditions of this policy remain unchanged.