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NE 00 31 01 19 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 7 of 10 <br />b. Bankruptcy Of Underlying Insurer <br />Bankruptcy or insolvency of the “underlying insurance” carrier(s) will not relieve us of our obligations under <br />this policy. <br />However, insurance provided under this policy will not replace any "underlying insurance" in the event of: <br />a. Bankruptcy or insolvency of the insured; or <br />b. Its “underlying insurance” carrier(s). <br />The insurance provided under this policy will apply as if the "underlying insurance" were in full effect and <br />recoverable. <br />3. Duties In The Event Of An Event, Claim Or Suit <br />a. You must see to it that we are notified as soon as practicable of an "event", regardless of the amount, which <br />may result in a claim under this insurance. To the extent possible, notice should include: <br />(1) How, when and where the "event" took place; <br />(2) The names and addresses of any injured persons and witnesses; and <br />(3) The nature and location of any "injury or damage" arising out of the "event". <br />b. If a claim is made or suit is brought against any insured, you must: <br />(1) Immediately record the specifics of the claim or suit and the date received; and <br />(2) Notify us as soon as practicable. <br />You must see to it that we receive written notice of the claim or suit as soon as practicable. <br />c. You and any other insured involved must: <br />(1) Immediately send us copies of any demands, notices, summonses or legal papers received in <br />connection with the claim or suit; <br />(2) Authorize us to obtain records and other information; <br />(3) Cooperate with us in the investigation or settlement of the claim or defense against the suit; and <br />(4) Assist us, upon our request, in the enforcement of any right against any per son or organization which <br />may be liable to the insured because of "injury or damage" to which this insurance may also ap ply. <br />d. No insured will, except at that insured's own cost: <br />(1) Voluntarily make a payment; <br />(2) Assume any obligation; or <br />(3) Incur any expense, other than for first aid; <br />without our consent. <br />4. First Named Insured Duties <br />The first Named Insured is the person or organization first named in the Declarations and is responsible for the <br />payment of all premiums. The first Named Insured will act on behalf of all other Named Insureds for: <br />a. Giving and receiving of notice of cancellation; or <br />b. The receipt of any return premium that may become payable. <br />At our request, the first Named Insured will furnish us, as soon as practicable, with : <br />a. A complete copy of any "underlying insurance"; and <br />b. Any subsequently issued endorsements or policies which may in any way affect the insurance provided <br />under this policy. <br />5. Cancellation <br />a. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us <br />advance written notice of cancellation. <br />DocuSign Envelope ID: C872947D-41CE-4639-8F1A-296D6CD20936