8. Notification of Claims. The insured upon knowledge of any accident or occurrence likely to give rise to a claim hereunder shall give immediate written advice to the Company.

9. Definitions.

a. Loss. The word "loss" shall be understood to means the sum paid in settlement of losses for which the Insured is liable after making deductions for all recoveries, salvages, and other insurances (other than recoveries under the policies of the underlying insurers), whether recoverable or not, and shall exclude all expenses and "costs".

b. Costs. The word "costs" shall be understood to mean interest on judgments, investigation, adjustment and legal expenses (excluding, however, all expenses to salaried employees and retained counsel, and all office expenses of the Insured).

10. Cancellation. This policy may be canceled by the named insured by mailing to the Company written notice stating when thereafter the cancellation shall be effective. This policy may be canceled by the Company by mailing to the named insured at the address shown in this policy written notice stating when not less than thirty days thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice. The effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by such insured or by the company shall be equivalent to mailing.

If the named insured cancels, earned premium shall be computed in accordance with the customary short rate table and procedure. If the company cancels, earned premium shall be computed pro rata. Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

In witness whereof, The Travelers Indemnity Company has caused this policy to be signed by a Second Vice President and a Secretary at Hartford, Connecticut, and countersigned on the Declarations page by a duly authorized agent of the Company.

**Secretary**

**Richard N. Butler**

Second Vice President

Policy No. EX-3006262
Date of Issue: 6-13-67