# AMENDMENT - LIMITS OF INSURANCE (QUOTA SHARE)

## 5. QUOTA SHARE BASIS
The proportion our limits of insurance bears to the total quota share insurance, whether the other quota share insurance is collectible or not.

## E. Sections (A) and (C) of Condition 1., MAINTENANCE OF UNDERLYING INSURANCE, replaced by the following:
(A) You agree to maintain all underlying insurance and other quota share insurance in full force and effect during our policy period, except for reduction of aggregate limits of insurance from payment of losses. If any underlying insurance or other quota share insurance is not maintained in full effect, or if there is any material change in the scope of coverage provided by them, the insurance afforded by this policy shall apply in the same manner as though these policies had been in full effect, so maintained and unchanged.
(C) You agree to promptly notify us if any underlying insurance or other quota share insurance is cancelled, terminated, or modified.

## F. Condition 3., BANKRUPTCY OF UNDERLYING INSURER, is replaced by the following:
3. BANKRUPTCY OF UNDERLYING OR QUOTA SHARE INSURER. In the event of the bankruptcy or insolvency of the insurer of insurers of any underlying insurance or other quota share insurance, the insurance provided by this policy shall not replace such underlying insurance or other quota share insurance, but shall apply in the same manner as though such underlying insurance or other quota share insurance were available and collectible.

## G. SCHEDULE OF OTHER QUOTA SHARE INSURANCE
| Company: | Policy No.: |
| --- | --- |
| Expiration Date | Claims Made |
| (SEE THE ATTACHED) | Retroactive Date: |

LIMITS OF INSURANCE
- Each Occurrence
- Aggregate

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ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED

This endorsement must be attached to Change Endorsement when issued after the Policy is written.

GULF INSURANCE COMPANY
COUNTERSIGNATURE OF AUTHORIZED AGENT