# CONDITIONS

1. It is agreed that this policy, except as herein stated, is subject to all conditions, agreements and limitations of and shall follow insurance in all respects, including changes by endorsement, and the Insured shall furnish the Company with copies of such is further agreed should any alteration be made in the premium for the policies of the Primary Insurers during the period then the premium hereon other than the Minimum Premium shall be adjusted accordingly.

2. Notice of any accident which appears likely to involve this policy, shall be given to the Company, which at its own option is not required to participate in the defense or settlement thereof, of any claim thereon. In the event expense and section with any claim or suit is incurred contrary to mutual consent of the Company and of the Insured or Primary Insurer, in addition to its limits of liability as expressed in Item 6, Section I of the Declarations, shall be liable for no greater expense and/or costs than the amount payable by the Company under this Policy bears to the total loss payment.

3. With respect to each coverage in Item 6, Section I of the Declarations, the Bodily Injury limit applicable to each accident is limit specified as applicable to each person. There is no limit to the number of accidents for which claims may be brought provided such accidents occur during the period of this policy) except as provided by aggregate limits which, with respect to Section I, thereof, therein apply to accidents happening during each twelve month's term of the Policy.

4. All salvages, recoveries or payments received or received subsequent to loss settlement under the Policy shall be open covered or received prior to such settlement and all necessary adjustments shall then be made between the Insured and provided always that nothing in this Policy shall be construed to mean that losses under this Policy are not recoverable until ultimate net loss has been finally ascertained.

5. This Policy may be cancelled at any time at the written notice of the Insured or may be cancelled by or on behalf of provided ten (10) days written notice is given to the Insured at the address shown in the Declarations. The mailing of said shall be sufficient proof of notice. The effective date of cancellation stated in the notice shall become the end of the In the event of the cancellation or termination of the Primary Insurance or of a renewal thereof, this policy, to the extent cellator's terms thereof, shall cease to apply at the same without notice to the Insured. The earned insured premium or minimum premium, whichever is greater, shall be computed in accordance with the customary short rate table. If the Company cancels, earned premium or minimum premium, whichever is greater, shall be computed pro rata.

IN WITNESS WHEREOF, this Company has executed and attested these presents; but this shall not be valid unless countersigned by the duly authorized representative of this Company.