Agmt07 Peninsula Traffic Congestion Relief Alliance - Redwood City Pilot Shuttle Program

Browse Search

COMMERCIAL GENERAL LiABILIT~ PCAM, LLC - ST PAUL/TRAVELERS POLICY#Y6305379C19TIL a. To join us as a party or otherwise bring us Audit premiums are due and payable on no- nto a "suit" asking for damages from an in- tice to the first Named Insured. If the sum of cured: or the advance and audit premiums paid for the b. To sue us on this Coverage Part unless all of policy term is greater than the earned pre- its terms have been fully complied with. mium, ~~ie will return the excess to the first Named Insured. A person or organization may sue us to recover on an agreed settlement or on a final judgmenf against an insured obtained after an actual trial; but we will not be liable for damages that are not payable under the terms of this Coverage Part or that are in excess of the applicable limit of insur- ance. An agreed settlement means a settlement and release of liability signed by us, the insured and the claimant or the claimant's legal repre- sentative. 4. Other Insurance. if other valid and collectible insurance is available to the insured for a loss we cover under this Cov- erage Part, our obligations are limited as follows: ~ a. Primary Insurance. .#` - -- This insurance is primary except when para- graph 4. of Section VI -Extended Reporting Periods applies. If this insurance is primary. our obligations are not affected unless any of the other insurance is also primary. Then, v~re will share with all that other insurance by the method described in b. below. b. Method of Sharing. If all of the other insurance permits contribu- tion by equal shares, we will follow this method also, Under this approach each in- surer contributes equal amounts until it has paid its applicable limit of insurance or none of the loss remains, whichever comes first. If any of the other insurance does not permit con- tribution by equal shares, we will contribute by limits. Under this method, each insurer's share is based on the ratio of its applicable limit of insur- ance to the total applicable limits of insurance of all insurers. 5. Premium Audit. a. We will compute all premiums for this Cover- age Part in accordance H,ith our rules and rates. b. Premium shown in this Coverage Part as ad- vance premium is a deposit premium only. At the close of each audit period we grill com- pute the earned premium for that period- c. The first Named Insured must keep records of the information we need for premium com- putation, and send us copies at such times as we may request. 6_ Representations. By accepting this policy, you agree: a. The statements in the Declarations are accu- rate and complete; b. Those statements are based upon represen- tations you made to us; and c. We have issued this policy in reliance upon your representations. i. Separation of Insureds. Except with respect to the Limits of Insurance, and any rights or duties specifically assigned to the first Named Insured, this insurance applies: a. As if each Named Insured were the only Named Insured: and b. Separately to each insured against who claim is made or "suit" is brought. 8. Transfer of Rights of Recovery Against Others To Us. tf the insured has rights to recover all or part of any payment we have made under this Coverage Part, those rights are transferred to us. The in- sured must do nothing after toss to impair them. At our request, the insured wiEl bring "suit" or transfer those rights to us and help us enforce them. 9. Cancellation, Non-renewal, Renewal and Reduction or Deletion of Coverage: The following conditions also apply to this Cover- age Part: Alf conditions relating to cancellation, non- renewal, renewal, and reduction or deletion of coverage which would apply to a Commercial General Liability Coverage Part attached to this policy. SECTION VI -EXTENDED REPORTING PERIODS 1. We will provide an automatic Extended Reporting Period as described in paragraph 3. or. if you Nage 4 of 6 CG T1 01 t)7 86