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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> COMMON POLICY CONDITIONS ENDORSEMENT <br /> All Coverage Parts included in this policy are subject to the following Conditions. The Conditions herein <br /> shall take precedence over any found elsewhere in the policy which has the same heading. <br /> 1. Bankruptcy <br /> Bankruptcy or insolvency of the insured or of the insured's estate will not relieve us of our <br /> obligations under this policy. <br /> 2. Legal Action Against Us <br /> No person or organization has a right under this policy: <br /> A. To join us as a party or otherwise bring us into a suit asking for damages from an Insured; or <br /> B. To sue us on this policy unless all of its terms have been fully complied with. <br /> A person or organization may sue us to recover on an agreed settlement or on a final judgment <br /> against an insured obtained after an actual trial, but we will not be liable for damages that are not <br /> payable under the terms of this policy or that are in excess of the applicable Limit of Insurance. An <br /> agreed settlement means a settlement and release of liability signed by us, the insured and the <br /> claimant or the claimant's legal representative. <br /> 3. Premium Audit <br /> A. We will compute all premiums for this policy in accordance with our rules, rates, rating plans, <br /> premiums, and minimum premium requirements. <br /> B. Premium shown in this policy as advance premium is a deposit premium only. At the close of <br /> each audit period, we will compute the earned premium for that period. Audit premiums are <br /> due and payable on notice to the first Named Insured. <br /> C. The Named Insured must keep records of the information we need for premium computation <br /> and send us copies at such times as we may request. <br /> D. We may examine and audit your books and records as they relate to this policy at any time <br /> during the policy period and for up to three (3) years after expiration of the policy. <br /> E. Premium adjustments affected as a result of premium audits may be done by us while the <br /> policy is in effect. <br /> F. Premium Audit adjustment calculations will be made to determine additional premium only. <br /> You have agreed with us that there will be no downward adjustments of the Premium. <br /> 4. Representations <br /> By accepting this policy, you agree: <br /> A. The statements in the Declarations and in the application for insurance and information <br /> submitted therewith are accurate and complete; <br /> B. Those statements are based upon representations you made to us,- <br /> CSI <br /> s;CSI EL 000 0006 Page 1 of 4 <br />