# ADDITIONAL ASSURED

6. If more than one Assured is named in Declaration 1, such additional Assured(s) shall not have the effect of increasing the Company's limit of liability for each accident or occurrence as shown in Declaration 6. Such additional assureds shall be included only with respect to such activities insured by this policy as would exist in the absence of the naming of additional assureds or loss payees and coverage hereunder shall in no way be considered extended by the inclusion of additional assureds.

# OTHER INSURANCE

7. If other valid and collectible insurance with any other insurer is available to the Assured covering a loss also covered by this policy, other than insurance that is specifically stated to be in excess of the insurance afforded by this policy, then the insurance afforded by this policy shall be in excess of and shall not contribute with such other insurance.

# TERM AND CANCELLATION

8. This policy applies only to accidents or occurrences happening during the Policy Term as shown in Declaration 4.

9. This policy may be cancelled at any time at the written notice of the Assured or may be cancelled by or on behalf of the Company provided thirty (30) days written notice is given to the Assured at the address shown in Declaration 2.

10. If the Assured cancels, earned premium shall be computed on a short rate basis, and if cancelled by the Company, adjustment shall be pro rata.

11. In the event of cancellation of the immediately preceding underlying insurance, this policy terminates as of the same date without additional notice to the Assured.

12. Notice by the Company to the first named Assured, if more than one, shall be deemed notice to any other interests included as an Assured.

# PREMIUM

13. Premium as shown in Declaration 5 shall be due and payable upon delivery of this policy.

# NOTICE OF LOSS

14. The Assured shall immediately advise the Company of any accident or occurrence which appears reasonably likely to result in liability under this policy and of subsequent developments likely to affect the Company's liability hereunder.