# Zurich Insurance Company

IF THE NAMED INSURED CANCELS, EARNED PREMIUM OR MINIMUM PREMIUM, WHICHEVER IS GREATER, SHALL BE COMPUTED IN ACCORDANCE WITH THE CUSTOMARY SHORT RATE TABLE AND PROCEDURE. IF THE COMPANY CANCELS, EARNED PREMIUM OR MINIMUM PREMIUM, WHICHEVER IS GREATER, 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.

10. DECLARATIONS

BY ACCEPTANCE OF THIS POLICY, THE NAMED INSURED AGREES THAT THE STATEMENTS IN THE DECLARATIONS ARE HIS AGREEMENTS AND REPRESENTATIONS, THAT THIS POLICY IS ISSUED IN RELIANCE UPON THE TRUTH OF SUCH REPRESENTATIONS AND THAT THIS POLICY EMBODIES ALL AGREEMENTS EXISTING BETWEEN HIMSELF AND THE COMPANY OR ANY OF ITS AGENTS RELATING TO THIS INSURANCE.

11. FIRST NAMED INSURED

THE INSURED FIRST NAMED IN ITEM 1 IN THE DECLARATIONS IS AUTHORIZED TO ACT ON BEHALF OF ALL NAMED INSURED AND OTHER INSUREDS WITH RESPECT TO THE GIVING AND RECEIVING OF NOTICE OF CANCELLATION AND TO RECEIVING ANY RETURN PREMIUM THAT MAY BECOME PAYABLE UNDER THIS POLICY. THE INSURED FIRST NAMED IN ITEM 1 IN THE DECLARATIONS IS RESPONSIBLE FOR THE PAYMENT OF ALL PREMIUMS BUT THE OTHER NAMED INSURED JOINTLY AND SEVERALLY AGREE TO MAKE SUCH PREMIUM PAYMENTS IN FULL IF THE INSURED FIRST NAMED IN ITEM 1 FAILS TO PAY THE AMOUNT DUE WITHIN THIRTY DAYS AFTER THE COMPANY GIVES A WRITTEN DEMAND FOR PAYMENT TO THE INSURED FIRST NAMED IN ITEM 1.

IN WITNESS WHEREOF, THE ZURICH INSURANCE COMPANY HAS CAUSED THIS POLICY TO BE SIGNED BY ITS UNITED STATES MANAGER AT SCHAUMBURG, ILLINOIS, BUT THE SAME SHALL NOT BE BINDING UPON THE COMPANY UNLESS COUNTERSIGNED ON THE DECLARATIONS PAGE BY A DULY AUTHORIZED AGENT OF THE COMPANY.