# IV. NOTICE OF CLAIM

Upon the happening of an occurrence which it is reasonable to believe will likely give rise to a claim under this policy, the Insured shall give immediate written notice thereof to the Company. Such notice shall contain particulars sufficient to identify the Insured and fullest information obtainable at the time. If legal proceedings are begun, the Insured shall forward to the Company each paper therein, or a copy thereof received by the Insured or the Insured's representative, together with copies of reports of investigations with respect to such claim proceedings.

# V. DEFENSE

The Company shall not be called upon to assume charge of the investigation, settlement, or defense of any claim made, or suits brought or proceedings instituted against the Insured but shall have the right and be given the opportunity to be associated in the defense and trial of any such claims, suits, or proceedings relative to any occurrence which, in the opinion of the Company, may create liability on the part of the Company under the terms of this policy. If the Company avails itself of such right and opportunity, the Company shall do so at its own expense. Court costs and interest, if incurred with the consent of the Company, shall be borne by the Company and other interested parties in the proportion that each party's share of Loss bears to the total amount of Loss sustained by all interested parties.

# VI. SUBROGATION

In the event of any payment under this policy, the insured will notify the Company of any of the insured's rights of recovery therefor against any person or organization. The Company shall be subrogated to all such rights of the insured and the insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The insured shall do nothing after loss to prejudice such rights.

Any amount recovered through subrogation or otherwise shall be apportioned in the inverse order of payment of the claim or claims involved to the extent of actual payment thereof by all interests and the expenses of all such recoveries and proceedings in connection therewith shall be apportioned in the ratio of respective recoveries. If there is no recovery in proceedings conducted solely by the Company, the Company shall bear the expense thereof.

# VII. CANCELLATION

This policy may be canceled by the Named Insured by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This policy may be canceled by the Company by