# Financial Responsibility Law

Such insurance as is afforded by this policy for bodily injury liability or for property damage liability shall comply with the provisions of such law to the extent of the coverage and limits of liability required by such law.

## Other Evidence of Coverage

Other evidence of coverage, such insurance as is afforded by this policy, shall comply with the evidence furnished subject to the limits of liability of this policy.

The insured agrees to reimburse us for any payment made by us which it would not have been obligated to make under the terms of this policy except for the agreements contained in Sections a. and b. above.

## Other Insurance

If other valid and collectible insurance is available to the insured for loss covered hereunder, this policy shall be excess of such other insurance. This condition does not apply to insurance purchased specifically to be either quota share with this policy or excess of this policy.

## Extended Reporting Period Option

This section applies only if you elect to purchase an extended reporting period in any "controlling underlying policy".

Then we will issue an extended reporting period endorsement to form a part of this policy if:

1. A written request for the endorsement is made by the insured first named on the Declarations and received by us within 60 days after the end of this policy period; and

2. Such insured pays promptly when due an additional premium. We will determine the actual premium after the request for the endorsement is made. This is not subject to any limitation of additional premium contained in any "controlling underlying policy". If this policy has been cancelled for non-payment of premiums, any payments received will first reduce any outstanding premiums due and then apply to the extended reporting period.

Any extended reporting period will not restate or increase the Limits of Liability or extend the policy period.

All other provisions of any extended reporting period option granted to you under any "controlling underlying policy" apply to this policy.

## Bankruptcy or Insolvency of "Underlying Policy" Insurer

In the event of the bankruptcy or insolvency of any "underlying policy" insurance company, this policy shall not apply as a replacement of such bankrupt or insolvent insurance company's "underlying policy". This policy shall not drop down if limits of liability of "underlying policies" are reduced or exhausted or are not available or applicable because of the bankruptcy or insolvency of any "underlying policy" insurance company.

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