**POLICY NO.: 60703940**

the Named Insured after such Credit Rating Downgrade, the Company shall retain the pro rata proportion of the premium herein.

Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of cancellation but such payment shall be made as soon as practicable.

### 4. NOTICE OF OCCURRENCE, CLAIM OR LOSS

Whenever the Insured has information from which they may reasonably conclude that an Occurrence, Claim or Loss covered hereunder involves injuries or damages which, in the event that the Insured should be held liable, is likely to involve this Policy, notice shall be sent to the Company stated in Item 7.a) of the Declarations as soon as practicable.

### 5. NON FOLLOW FORM

Notwithstanding the terms, conditions and exclusions or limitation of this Policy, in no event shall this Policy follow the terms, conditions, exclusions or limitations in the Followed Policy or provide coverage under this Policy with respect to or as a result of any of the following clauses or similar clauses in the Followed Policy:

- a. Liberalization Clause;
- b. Cancellation, non-renewal or change in terms notice provisions;
- c. State specific “No fault”, Uninsured Motorist or Underinsured Motorist law, or any similar law, or any other State specific Amendatory Endorsement;
- d. Crisis Management or Crisis Response provisions;
- e. Sublimit of liability, unless coverage for such sublimit is specifically endorsed to this Policy; or,
- f. Service of Suit Clause or endorsement.

### 6. RESTRICTIVE AS UNDERLYING AND QUOTA SHARE

Notwithstanding the terms, conditions and exclusions or limitations of this Policy, if either:

A) any Underlying Policy(ies) with limits of liability in excess of the Followed Policy but underlying to this Policy (the Intervening Policy(ies) as set forth in Section I B) of Endorsement No. 1 ‘Schedule of Excess Policy(ies)’ to this Policy and hereinafter referred to as “Intervening Policy(ies)”; or

B) any Quota Share Policy(ies) (as set forth in Section II of Endorsement No. 1 ‘Schedule of Excess Policy(ies)’ to this Policy and hereinafter referred to as “Quota Share Policy(ies)’);

contain any warranties, terms, conditions, exclusions or limitations added by Endorsement or other written agreement that are more restrictive than this Policy or the Followed Policy, whether on the effective date of this Policy or at any time during the Policy Period of this Policy, then this Policy shall be deemed to follow those most restrictive warranties, terms, conditions, exclusions or limitations added by Endorsement or other written agreement in such Intervening Policy(ies) and Quota Share Policy(ies).

**©AIG, Inc. All rights reserved.**