)ti
MAINTENANCE AGREEMENT

This Agreement is made and entered into this ;7n. day ofUE;(E»IBE/l, , 2012 (the "Effective Date"), by and between:

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT, a  local  unit  of  special purpose government established pursuant to Chapter I90, Florida Statntes, being sitnated in the City of Fort Myers and Lee County, Florida, (the "District"); and

BRIDGETOWN AT THE PLANTATION COMMUNITY ASSOCIATION, INC., a Florida
non profit corporation, (the "Association").

RECITALS

WHEREAS, the District is a local government organized and existing in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statntes, as amended;

WHEREAS, the District, pursuant to the responsibilities and authorities vested in it by Chapter 190, Florida Statntes, desires to proceed with the discharge of its duties, including but not limited to, the management of District facilities, including the funding, the operation and the maintenance of certain surface water management system improvements within the District;

WHEREAS, the District shall employ, and fix the compensation of, a district manager. The district manager shall have charge and supervision of the works of the district and shall be responsible for preserving and maintaining any improvement or facility constructed or erected pursuant to the provisions of this act, for maintaining and operating the equipment owned by the district, and for performing such other duties as may be prescribed by the board;

WHEREAS, the surface water management system improvements include, without limitation, the wet detention lakes, dry detention areas, upland and wetland preserves, flowways, and the culverts and pipes that connect them; outfall control strnctnres and pipes; lake littoral zone plantings; and perimeter berms, owned by the District or which the District is responsible for maintaining and located within the geographic boundary of the lands that are subject to the Association (collectively, the "Improvements"). The improvements do not include secondary lot and roadway drainage collection systems.

WHEREAS, the District and the Association desire to provide for operation and maintenance of the hnprovements; and

WHEREAS, the Association on behalf of and for the benefit of its members has agreed to provide, pursuant to the terms of this Agreement, certain operation and maintenance services and materials;

NOW, THEREFORE, in consideration of the mutnal covenants herein contained, and for Ten and no/lOOths Dollars ($10.00) and other good and valuable consideration, receipt of which is hereby acknowledged, and subject to the terms and conditions hereof, the District and the Association agree as follows:

Recitals.
The above recitals are deemed true and correct to the best of the knowledge of the parties and are incorporated into this Agreement.

Performance.
The District and the Association hereby agree, as follows:
the Association shall provide, and be solely responsible for all costs and liabilities that are associated with or arise out of, the operation and maintenance of the Improvements (the "Maintenance Services");
the Maintenance Services shall be provided by the Association in a competent and professional manner using qualified and experienced employees or contractors with such frequency as is necessary and reasonable in the industry and under the circumstances in order to ensure that the Improvements are properly maintained and continue to function with their intended purpose. In addition, since each of the Improvements may require different types of maintenance and materials, the maintenance intervals and the time periods within which maintenance tasks must be performed and the materials to be used by the Association shall be flexible and adjusted periodically depending on the condition of each of the Improvements and particular maintenance needs;
the Maintenance Services shall be provided by the Association in strict compliance with all governmental entities' and agencies', permits, requirements, rules, acts, statutes, ordinances, orders, regulations and restrictions, including but not limited to the following entities, if applicable, (a) the District; (b) South Florida Water Management District; (c) Florida Department of Environmental Protection; (d) Lee County, Florida; and (e) any municipality with jurisdiction, either now or in the future;
the Maintenance Services shall be provided by the Association without interfering in any way with or encumbering the use, access, ingress, egress, easement, right-of-way, dedication, ownership or other right or interest of the District in the Improvements or in the real property where each Improvement is located; and
the Association shall timely pay all invoices, or other manner of billing, for all persons or entities with whom the Association may have contracted or arranged to provide services or materials in fulfillment of its obligations under this Agreement, including the District as provided for in Sections 4 and 5 herein.
the Association shall report periodically to the District Manager on the Association's provision of Maintenance Services so that the District Manager may report to the District Board on the management, including preservation and maintenance, of the Maintenance Services.

The Association's Responsibility for Acts of Force Majeure.
The District and the Association agree that the Maintenance Services herein assumed by the Association shall not include by way of example, but not limitation, the repair or replacement of the Improvements that are damaged as a result of a hurricane, tornado, windstorm, freeze damage, fire, drought or flooding.

Emergency Intervention by the District.
In the event of an emergency, as determined by the District in its reasonable sole discretion, and regardless of any language in this Agreement to the contrary or any language in any contract or arrangement that the Association may have with third parties concerning the Maintenance Services for the Improvements, the District reserves the unilateral and exclusive right to implement or initiate, without advance notice, the following:

the provision of maintenance services or materials for any one or more of the Improvements; and
the removal, modification, relocation, or replacement, as the case may be and in the District s sole discretion, of one or more of the Improvements.
Further, in such event, the Association agrees that upon the District's commencement of a maintenance program or provision of maintenance services or materials for any one of the Improvements pursuant to this section, the District shall issue to the Association a written invoice for the costs incurred pursuant to this section, and the Association shall pay said invoice in full within thirty (30) calendar days following receipt of the invoice. A failure to timely pay the invoice in full shall be deemed a material breach of this Agreement.

Remedies, Default, & Specific Performance.
The District may elect any of one or more of the following remedies, as well as any other remedies available in law or equity, if the Association should default in carrying out the terms and conditions of this Agreement, namely:
Default by Association. If the Association should fail to comply with the terms of Section 2 of this Agreement, including the failure or refusal to furnish or perform any one or more of the required Maintenance Services, and such failure shall continue for thirty (30) days or more from the date of receipt of a written notice of default from the District, then, in that event, the District, at its sole discretion and without further notice, may elect to (i) initiate a maintenance program or provide such maintenance services and materials and thereby assume full maintenance responsibility as to some or all of the Improvements, or (ii) remove, modify, relocate or replace, as the case may be and in the District's reasonable sole discretion, one or more of the Improvements. Provided, however, should any failure of the Association to comply with Section 2 of this Agreement result in a permit violation, the District shall have the right to immediately take such action necessary to abate or remediate the violation and all such costs shall be reimbursed by the Association in the manner and time provided herein.
Discontinuation and Reimbursement by Association. At such time as the District should commence a maintenance program or provide maintenance services or supplies for one or more of the Improvements under this section, and upon receipt of the oral or written notice from the District, the Association shall promptly discontinue the provision of Maintenance Services as to same until such time as is otherwise agreed to in writing by and between the parties hereto, and regardless of any contracts or arrangements with third parties into which the Association may have entered to perform Maintenance Services. Further, in such event, the Association agrees that upon the District's commencement of a maintenance program or provision of maintenance services or materials for any one of the Improvements and every year thereafter on or about September 30th, the District shall issue to the Association a written invoice setting forth the estimated amount of money the District reasonably calculates it will need to have on hand, for the next twelve (12) months, in order to implement and carry out its maintenance program or provision of maintenance services or materials. The Association shall pay said invoice in full within thirty (30) calendar days following receipt of the invoice. A failure to timely pay the invoice in full shall be deemed a material breach of this Agreement.
Other Remedies and Opportunity to Cure. At the sole discretion of the District, a breach or material default by the Association under this Agreement, including a failure to timely pay an invoice, shall entitle the District to all remedies available in law or equity or in an administrative tribunal, which shall include but not be limited to the right of damages. However, except for emergency situations (as so reasonably determined by the District), before the District may initiate legal action for the Association's failure or default under this Agreement, the District shall provide advance written notice to the Association of the nature of the alleged failure or default and afford a thirty (30) calendar day cure

period, and the Association shall have thirty (30) calendar days following the date of receipt of said notice to cure the alleged failure or default through appropriate and substantive remedial action.

Indemnification.
The Association does hereby indemnify and hold the District harmless of and from any and all loss or liability that the District may sustain or incur by reason of the Association's assumption of the Maintenance Services for the Improvements, including any that may result from or arise out of the Association's misfeasance, malfeasance, non-feasance, negligence, gross negligence, willful misconduct, or material breach, with said indemnification and hold harmless to include but not be limited to: (i) direct costs and damages; and (ii) any and all injuries or damages sustained by persons or damage to property, including such reasonable attorney's fees and costs (including all appellate, arbitration, or mediation proceedings) that may be incurred by the District that relate thereto. Provided, however, it is understood that this section does not: 1) indemnify the District for the Association's misfeasance, malfeasance, non­ feasance, negligence, gross negligence, willful misconduct, or material breach if same is caused by or at the direction of the District; or 2) authorize the Association to select or provide legal counsel on behalf of the District.

Insurance.
The Association shall be required, on or before the date of the execution of this Agreement and without any interruption or lapse thereafter, to provide to the District certificates of insurance reflecting insurance coverage for the Association as follows:
The Association shall make the District an additional insured and certificate holder under the policies of insurance identified on Exhibit "A" attached hereto and made a part hereof; and
a statement that the insurance coverage represented by each certificate of insurance shall not be terminated, canceled or reduced unless thirty (30) days prior written notice of such termination, cancellation or reduction (or ten (10) days if terminated or canceled for non-payment) is mailed by first class U.S. Mail to the District.

Term of Agreement.
This Agreement shall take effect as of the Effective Date first written above. Unless terminated as otherwise permitted in this Agreement, the term of this Agreement shall expire on midnight of December 31st of the year that is five (5) years following the year of the Effective Date first written above. This Agreement shall automatically renew for additional five (5) year periods, commencing at 12:01 a.m. on January 1st of the following year, unless the Association provides written notice before 5:00 p.m. on April 1st of the year in which the then-current term will expire that the Association intends not to renew for an additional term.
In addition to the rights and methods of termination established pursuant to any other provision of this Agreement, the District may terminate this Agreement at any time for any reason in its sole discretion by providing at least ninety (90) days written notice to the Association of its intent to terminate this Agreement pursuant to this provision.

Miscellaneous Provisions.
Time of the Essence: Time is of the essence with respect to this Agreement.
Notices: All notices, requests, consents and other communications required or permitted under this Agreement shall be in writing (including facsimile) and shall be (as elected by the

person giving such notice) hand delivered by prepaid express overnight courier or messenger service, or mailed by certified (postage prepaid), return receipt requested, to the following addresses:

AS TO THE DISTRICT:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT
c/o	]) Ft:s-
lS7\ o	Ar,d:1.e r ½' '"DA
Su \'.\e..	11c;.
 A.	r.::.._     ?lo'-l'i
Attention: District Manager

AS TO THE ASSOCIATION:	BRIDGETOWN AT THE PLANTATION
COMMUNITY ASSOCIATION, INC.
c/o	J?'.ut.TE-
Z...4711 W"" I dR"'- u "'tt,... t::>n.
   >v -t"<Z.. ?O"D
'Bo..\,±,.. r,	"		F,,. 2#I 7,,L./
Attention: Poperty	anager

Entire Agreement: The parties agree that this instrument embodies the complete understanding of the parties with respect to the subject matter of this Agreement and supersedes all other agreements, verbal or otherwise. This Agreement contains the entire understanding between District and Association and each agrees that no representation was made by or on behalf of the other that is not contained in this Agreement, and that in entering into this Agreement neither party relied upon any representation not herein contained.
Amendment and Waiver: This Agreement may be amended only by a written instrument signed by both parties. If any party fails to enforce their respective rights under this Agreement, or fails to insist upon the performance of the other party's obligations hereunder, such failure shall not be construed as a permanent waiver of any rights as stated in this Agreement.
Severability: The parties agree that if any part, term or provision of this Agreement is held to be illegal or in conflict with any law of the State of Florida or with any federal law or regulation, such provision shall be severable, with all other provisions remaining valid and enforceable.
Controlling Law: This Agreement shall be construed under the laws of the State
of Florida.

Limitations on Governmental Liability. Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation oflaw.
Authority: The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this Agreement.
Costs and Fees: In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorney s fees and costs for trial, alternate dispute resolution or appellate proceedings.
Successors and Assignment: The rights and obligations created by this Agreement shall be binding upon and innre to the benefit of District and Association, and their respective successors and assigns. This Agreement may not be assigned without the written consent of all parties, and such written consent shall not be unreasonably withheld.
No Third-Party Beneficiaries: This Agreement is solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns.
Arm's Length Transaction: This Agreement has been negotiated fully between the parties in an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are deemed to have drafted, chosen and selected the language, and the disputed language will not be interpreted or construed against any party.
Execntion of Documents: Each party covenants and agrees that it will at any time and from time to time, do such acts, and execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such documents reasonably requested by the parties necessary to carry out fully and effectuate the transaction or performance herein contemplated.
Captions: The captions for each section of this Agreement are for convenience and reference only and in no way defme, describe, extend, or limit the scope of intent of this Agreement, or the intent of any provision hereof.
Counterparts: This Agreement may be executed in counterparts, each of which shall be and be taken to be an original, and all collectively deemed one instrument.

IN WITNESS WHEREOF, the parties hereto execute this Agreement and further agree that it shall take effect as of the Effective Date first above written.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

8:rs

'
By.'.£:.;;Ht,e,,,..,,,te,	, Chair
'

Address:

 	----===----=

c/o

STATE OF FLORIDA
coUNTY oF Le E

)
) SS:
)

The foregoing instrument was acknowledged before me this / ?1'1\Jay  of  IE:,L.. 2012, bylZICHll(l,)>/llcU){lml(JL.-as Chair of the Board of Supervisors for ARBORWOOD COMMUNITY DEVELOPMENT	DISTRICT,	who	is	personally	known wf	,-er	has	pmduced
---"'=========-aS-J·demificatioo, who being duly sworn, deposes and says that the aforementioned is true and correct to the best of his or her knowledge.
--z! _?x110	P,.e>v-e.	

+0''..'  ;   •,   .,	VALERIEJ. WOODS	Notary Public
My commission expires:	*•W,* MYCOMMISSIONIEE213988
•	EXPIRES: July 4, 2016
"'l't:OF fl.e<PQ BcndedThru Budget Notaiy Services

(../ ---

STATE OF FLORIDA	)
.....

) SS:

coUNTY oF   L e <::::::"	)

The foregoing instrument was acknowledged before me this )7""-aay of IE:/IL,.. 2012,	by .'Jhlf/11 l)fW(,.JIU>d: ,	as		Secretary		for	ARBORWOOD		COMMUNITY DEVELOPMENT	DISTRICT,	who	is	personally	known		at		bn	pro1U1Ged
-	as identifica.ti0e, who being duly sworn, deposes and says that the aforementioned is true and correct to the best of his or her knowledge.
_.,,:;.; •<;,	VALERIEJ.WOODS	J	
* •   .	* MYCOMMISSIONIEE21398'Jotary Public
My commission expires:	•	EXPIRES: July 4, 2016

0

'i'   F ,..,_r,.- -r    Bonded ThruSudgtt Nola!y StNien

WITNESSES:	BRIDGETOWN AT THE PLANTATION COMMUNITY ASSOCIATION, INC.,
a Florida non profit corporation

By:
 	,.,...	N=ec	&,;,,r -,,..a,f«;
Title:	Pre61&Q,IJ:-
:.:D,w-,:J \;.  W',"J J4';a "-1	(OOIU,:ORATE SEAL)

STATE OF FLORIDA	)
COUNTY OF  L E:.E:	)

) SS:

The foregoing instrument was acknowledged before me this  /2 'fl-,	dayo	/Elt_,.. 2012, by ,S:c.orr: ;ts Mot-5	as   Ptl,£:SID	of the BRIDGETOWN AT THE
PLANTATION COMMUNITY ASSOCIATION,  INC., who is personally knowni,v/	, or has, pt0du.;cd	as identifiG&t , who being duly sworn, deposes and says that the aforementioned is true and correct to the best of his or her knowledge.
-i/'	-,(W

My	commission
+O                .v.    8(,e.	VALERIE J.WOODS
" -   .	* MY COMMISSION I EE 213988

exp1res:

,<.;_.,,•,,

EXPIRES: July 4, 2016
Sondfdlhrll lolgltNllo lt!viatt

EXHIBIT "A"

Association Insnrance Policies

A	

A Message for Our Customers in New Jersey ...
New Jersey Property and Liability Insurance Guaranty Association Surcharge - (PLIGA) - 800001 10 06

The New Jersey Insurance Commissioner has instructed us to pay an assessment for the state Property and Liability Insurance Guaranty Association. The Guaranty  Association  is maintained  to  make  funds  available  should  an  in­ surance company  be unable  to meet  its financial  obligations  to all policyholders.  In such circumstances,  New  Jersey  law authorizes insurers to surcharge their customers to recoup these assessments.

Your  policy  premium  includes  this  surcharge.   The  amount   of this  surcharge  is shown   on  your  declarations   page as PLIGA SURCHARGE

As always, we encourage you to contact your Fireman's Fund Insurance Companies :II insurance representative if
you have any questions about this message, your policy, or your premium.

80000110-06 NJ

A	

Important Notice Regarding Terrorism Coverage - 380139 12 07

You  are  hereby   notified    that  this  policy    will   apply   with   respect    to  a "certified    act   of  terrorism", if   coverage    for  such   "certified	act  of terrorism"	is   provided    by all  scheduled	Primary Insur­
ance  or   Underlying	Insurance    that  are   subject	to  the   Terrorism	Risk   Insurance	Act, as amended.

As   used    in   this  message,    "certified	act   of  terrorism"	means    an   act   that is  certified	by the Secretary	of  the   Treasury,   in  concurrence	with  the  Secretary  of  State  and  the  Attorney  Gen­  eral   of  the   United    States,   to  be  an  act of terrorism	pursuant    to the  Terrorism	Risk Insurance Act,   as   amended	("The    Act").    The   criteria	contained		in   The    Act    for  a  "certified	act of terrorism"		includes the following:

The   act  resulted   in   insured    losses   in  excess   of  $5  million    in   the   aggregate    attributable to  all  types   of  insurance    subject    to  the  Terrorism	Risk Insurance Act, as amended; and
The act resulted in damage:

Within    the   United  States   (including	its  territories	and  possessions	and Puerto  Rico); or

Outside the United States in the case of:

An  air   carrier		(as  defined  in  Section  40102  of  title  49,   United   States   code)   or United   states    flag   vessel    (or  a  vessel  based   principally	in the United States, on which   United   States   income   tax  is  paid  and  whose   insurance    coverage    is  subject to  regulation	in  the   United   States)   regardless	of where the loss occurs; or
The  premises	of any United States mission; and

The   act   is   a  violent	act   or   an   act   that  is  dangerous	to  human	life,  property	or infrastructure	and  is committed	by an individual	or individuals	as part of an effort to co­ erce   the  civilian   population	of the United States or to influence the  policy  or  affect  the conduct   of  the  United  States  Government	by coercion.
If  aggregate  insured  losses  attributable  to   terrorist   acts   certified   under   the   Terrorism   Risk Insurance  Act,  as  amended,  exceed  $100   billion   in  a  Program   Year   (January   1  through   De­ cember   31)  and  we  have   met   our  insurer   deductible   under    the  Terrorism    Risk   Insurance    Act, as  amended,  then  we  shall  not  be  liable  for  the  payment  of any  portion  of  the  amount   of  such losses that exceeds $100 billion, and in such case insured losses up to that amount are
subject    to   pro   rata   allocation	in  accordance	with   procedures	established	by the Secretary of the Treasury.

If  you   have   any  questions,	please    contact    your   agent   or  broker   representing	the Fireman's Fund Insurance Companies.

38013912-07

A	
Fireman18	Excess Liability Policy
Fund'
Declarations	

SUO-000-4859-8155
Policy Number
SUO48598155-3012	
Certificate Number

Coverage is provided by:
Fireman's Fund Insurance Companies
Coverage is  provided in  the following company, a stock company	Renewal or Replacement of
07	National Surety Corporation

ITEM ONE
Named Insured and Mailing Address:
Bridgetown at Plantation Homeowner's Assn
C/o Community Associations Program, 200 E. Randolph St. Chicago, IL 60601.

In return for the payment of the premium, and subject to all the terms of this policy, we agree with you to provide the insurance as stated in this policy.

ITEM TWO

From 8/1/2012 to 8/1/2013 12:01 a.m. Standard Time at the Named lnsured's address stated above.

Limits of Insurance are:
Each Occurrence Limit:	$5,000,000
Aggregate Limit:	$5,000,000
ITEM FOUR
SCHEDULE OF UNDERLYING INSURANCE:
This schedule is described within Form No. 178300-06-92 which forms a

Premium:
Total Premium:	$ 740.00
Taxes:	$ 9.62
Policy/RPG Fee:	$148.00
Minimum Earned Premium:	25%
Includes Terrorism Risk Insurance Act - Certified Acts Coverage:	Included ITEM SIX
SCHEDULE OF ENDORSMENTS:
This schedule is described within Form No. 178250-04-04 which forms a part of this policy's declarations.

Producer Name and Address:
Trivedi - Capacity Assoc., LLC	c-;tfj??
1    International   Blvd.   3r  d  Floor
Mahwah, NJ 07495

Producer Number: 29-490-445
Countersigned by 		-- -- Date of Issue	August 8 2012
Authorized Representative

This declarations page is Issued in conjunction with and forms a part of Po!icy Form 5400 10-03	

A	
Firernans
Fund"

CERTIFICATE NO. SUO48598155-3012

Policy Period: Effective Date Insured
Policy Number Date Issued
Name of Company

8/1/2012 to 8/1/2013
8/1/2012
HARP Inc
SUO-000-4859-8155
August 8, 2012
National Surety Corporation

Who Is An Insured/Excess Follow-Form Coverage A And Umbrella Coverage B

The following is added as named insured:

Bridgetown at Plantation Homeowner's Assn, DBA: C/0 Community Associations Program 12950 Kentfield Lane, Ft. Meyers, FL 33913

The period of time for which this insured status applies: begins at 12:01 AM standard time on:	8/1/2012 and ends at 12:01 AM standard time on:	8/1/2013

at the location(s) of the insured shown below:.

The Limits oflnsurance applicable to the insured are:

Excess Coverage Other Aggregate Limit: Umbrella Coverages Aggregate Limit:
Products Completed Operations Aggregate Limit: Advertising Injury and Personal Injury Aggregate Limit: Each Occurrence Limit:

$5,000,000
$5,000,000
$5,000,000
$5,000,000
$5,000,000

Schedule Of Underlying Insurance

For the insured shown above, and subject to all the terms and conditions of Coverage/Excess Follow-Form Coverage A, this insurance follows form on to those coverages:

which are indicated below by an	[!land

for which policies of underlying insurance for at least the limits shown have been issued to and remain in force for such insured.

[!]

Commercial General Liability:
$1,000,000 Per Occurrence
$2,000,000 General Aggregate (per location if more than one location)
$1,000,000 Products/Completed Operations Aggregate
$1,000,000 Personal & Advertising Injury

Carrier: Westchester Surplus Lines Insurance Company Policy No: G2422063! 002

□

Policy Period: 08/01/2012 TO 08/01/2013.

Employee Benefits Liability:
$ I,000,000 Per Claim

Claims Made Retroactive Date:

$1,000,000 Aggregate

*Note retroactive date is the same as the policy inception date

□

[!]

Carrier:

□

Policy No:
Policy Period:

Liquor Liability:
$1,000,000 Each Common Cause
$1,000,000 Aggregate

Carrier:
Policy No:
Policy Period:

Commercial Automobile Liability:
$ I,000,000 Combined Single Limit

Occurrence	□

Carrier: Westchester Surplus Lines Insurance Company Policy No: 024220631 002

□

Policy Period: 08/01/2012 TO 08/01/2013.

Employers Liability:
$500,000 Each Accident
$500,000 Disease Policy Limit
$500,000 Disease Each Employee

Carrier: Policy No: Policy Period:

□

Garage Keeper Legal Liability:
$1,000,000 Each Occurrence
$1,000,000 Aggregate

Carrier: Policy No:
Policy Period:

Directors & Officers: (Condo/Co-Op)
$1,000,000 Each Claim
$1,000,000 Aggregate Per Association (Defense in addition to the limit)

Carrier: Continental Casualty Company Policy No: 251292547
Policy Period: 08/01/2012 TO 08/01/2013.

The following Condition is added.

Conditions

Continuation Of Coverage

In the event that the policy to which this endorsement attaches is cancelled midterm, coverage as provided under this endorsement will remain in effect:
for the benefit of the named insured shown above; and
for the term of insured status shown above (and will not be renewed);

as if the first named insured's policy had not been cancelled, unless such named insured requests earlier cancellation of this endorsement.

Coverages/Umbrella Coverage B
Bodily Injury And Property Damage Liability Coverage

Under Coverages/UmbrellaCoverage B Bodily Injury and Property Damage Liability Coverage, the following provision is added:

Coverage provided under this insurance only applies to loss arising out of the premises designated below and any premises you acquire during the policy period provided you notify us within 30 days after the acquisition.

Limitation To Designated Premises

Designated Premises:
12950 Kentfield Lane, Ft. Meyers, FL 33913

Coverage/Excess Follow-Form Coverage A

Under Coverage/ExcessFollow-Form Coverage A, the following provision is added:

Coverage provided under this insurance only applies to loss arising out of the premises designated below and any premises you acquire during the policy period provided you notify us within 30 days after the acquisition.

Limitation To Designated Premises

Designated Premises:
12950 Kentfield Lane, Ft. Meyers, FL 33913

All other terms and conditions remain unchanged.

c:--?-Pfb_·;:::----.,

'	-

Authorized Representative

A	
Fireman's.
Fund

178250 04 04	SCHEDULE OF ENDORSEMENTS

100002	POLICY TERM ENDORSEMENT

100003	NON-CUMULATION OF LIMITS ENDORSEMENT

100004	RISK PURCHASING GROUPS - PROGRAM MANAGER ENDORSEME

100005	OCCUPATIONAL OR ENVIRONMENTAL DISEASE EXCLUSION

100006	EMPLOYMENT PRACTICES EXCLUSION - COVERAGE A

100007	CLAIMS-MADE COVERAGE AMENDMENT AND EXCLUSION

178575

178587

05 04

12 07

SILICA PARTICLES EXCLUSION

DISCLOSURE OF PREMIUM AND ESTIMATED PREMIUM FOR CERTIFIED ACTS OF TERRORISM COVERAGE (PURSUANT TO TERRORISM RISK INSURANCE ACT OF 2002)

178751

178771

178789

178792
B

178794

178846

178862

178905

178909

178913

03 98S	EMPLOYEE BENEFIT PLAN EXCLUSION - COVERAGE B

03 98	LEAD EXCLUSION

01	POLLUTION - ABSOLUTE EXCLUSION - COVERAGE B

03 98R	PRODUCTS-COMPLETED OPERATIONS HAZARD EXCLUSION-COVERAGE

10 01	PROFESSIONAL SERVICES EXCLUSION

10 02 NJ NEW JERSEY AMENDATORY

10 03	LIQUOR LIABILITY EXCLUSION - COVERAGE B

10 01	DISCRIMINATION LIABILITY EXCLUSION - COVERAGE B

09 98R	PERSONAL AND ADVERTISING INJURY EXCLUSION - COVER AGE B

10 01	ABUSE, ASSAULT AND MOLESTATION EXCLUSION	- COVERAGE B

178250 04 04	SCHEDULE OF ENDORSEMENTS

178923	10	03	CARE, CUSTODY OR CONTROL OF REAL AND PERSONAL PROPERTY	
			EXCLUSION - COVERAGE B	
178944	10	01	INTELLECTUAL PROPERTY EXCLUSION	
178947	10	01	DESIGNATED OPERATIONS EXCLUSION	
178950	04	02R	FUNGI OR BACTERIA EXCLUSION	
178993	12	07	COVERAGE FOR CERTIFIED ACTS OF TERRORISM	
179020	12	07	ADDITIONAL POLICY PROVISIONS	
179032	11	04	DIRECTORS AND OFFICERS EXCLUSION - COVERAGE B	
179033	05	09	VIOLATION OF STATUTES EXCLUSION (EMAILS, FAX, PHONE CALLS OR	
			OTHER METHODS OF RECORDING OR DISTRIBUTION OF MATERIAL OR INFORMATION)	

UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100002
Endorsement Title:	POLICY TERM ENDORSEMENT

PAGE01 OF 01

The master policy term will be 04/01/2012 to 04/01/2014 (24 months). Those Participants who are a Lead Named Insured will be provided twelve months coverage from their
respective effective date, unless otherwise approved, not to exceed beyond the 04/01/2014 expiration
date of the master policy.

All additions and deletions made by an existing Participant will be subject to the expiration date designated for the Lead Named Insured.

For the purpose of this endorsement, Lead Named Insured shall be defined as the First Named Insured for each Participant covered under HARP Inc.

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This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fundlnsurance Companlesas named in the policy
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UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100003
Endorsement Title:	NON-CUMULATIONOF LIMITS ENDORSEMENT

PAGE01 OF 01

If an occurrence, claim or suit covered under this policy is also covered under another Commercial Excess and Umbrella Insurance policy or Commercial Excess Insurance policy or other similar policy issued by us of any other member insurer of the Fireman's Fund Insurance Companies, the combined maximum amount paid for such occurrence, claim or suit under all applicable policies will not exceed the amount stated in the Declarations of the policy with the highest Each Occurrence Limit Of Insurance.

Payments made for such occurrence, claim or suit will be treated as paid under each of the applicable policies for purposes to determine the Limits Of Insurance available under the aggregate limits as respects any subsequent occurrence, claim or suit.

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This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman"s Fundlnsurance Companlesas named in the policy

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UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100004

Endorsement Title:	RISK PURCHASING GROUPS- PROGRAM MANAGER ENDORSEME NT

PAGE01 OF 01

It is hereby agreed that those entities or group of related entities designated as members of the risk purchasing group that is the first named insured in this policy on the individual member's Certificate of Coverage are included as named insured's under	this policy.

Coverage only apply to liability arising out of the operation(s) at the specified locations scheduled on the individual member's Certificate of Coverage, but only as respects:

the specific named insured's listed in that Certificate of Coverage and designated as the owner(s), rnanager(s), or lessee(s) of those specified locations and

the coverages shown on that Certificate of Coverage, subject to the terms and conditions of this insurance.

It is agreed that those named insureds listed in an individual Certificate of Coverage issued by the risk purchasing group during this policy period are provided coverage for the time period specified in such Certificate of Coverage, not to exceed twelve months.

All additions and deletions made for a named insured will be subject to the expiration date designated in the Individual Certificate of Coverage for that named insured.

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This Form must be attached to Change Endorsement when issued after the policy is written.

One of the Fireman's Fundlnsurance Companlesas named in the policy

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UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100005
Endorsement Title:	OCCUPATIONALOR ENVIRONMENTALDISEASEEXCLUSION

PAGE01 OF 01

Regardless of whether or not such coverage is afforded by any :underlying insurance", this insurance does not apply:

To any liability or injury resulting from any occupational or environmental disease arising out of the operations or products of any "insured" and affecting:
Any employees of any "insured", or
Any other person.

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This Forni must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fundlnsurance Companiesas named in the policy

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UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100006
Endorsement Title:	EMPLOYMENTPRACTICESEXCLUSION- COVERAGEA

PAGE01 OF01

Section I. Excess Liability - Coverage A, C. Coverage A - Exclusions, 5. Employment Practices is deleted in its entirety and replaced by the following:

EMPLOYMENT PRACTICES - To any liability arising out of any employment-related or personnel
practices, policies, acts or omissions. This includes, but is not limited to:
Refusal to employ;
Termination of employment;
Coercion, criticism, demotion, failure to promote, evaluation, reassignment, discipline,
defamation, self-defamation, harassment, humiliation, discrimination, libel, slander,
false arrest and imprisonment, or violation of a person's right of privacy;
or
Any consequential injury or damages as a result of a., b, or c. above. This exclusion applies:
To all claims, demands, charges, complaints or Suits by any person(s) or organization(s) for damages because of such injury or liability, including damages for
care and loss of services;
Whether any Insured may be held liable as an employer or in any other capacity either
directly or indirectly related to employment; and
To any obligation to share damages with or repay someone else who must pay damages

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because of such injury or liability.

This exclusion applies:
-whether the insured may be liable as an employer or in any other capacity;
and
to any obligation to share damages with or repay someone else who must pay damages because of any of the foregoing.

This exclusion does not apply to Excess Liability - Coverage A to the extent that insurance is provided under a Directors & Officers Liability policy shown in the Schedule of Underlying Insurance.

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fundlnsurance Companiesas named in the policy

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UMBRELLA AND EXCESS LIABILITY POLICY AMENDMENT
Endorsement Number: 100007

Endorsement Title:	CLAIMS-MADE COVERAGEAMENDMENTAND EXCLUSION

PAGE01 OF 03

COVERAGE PROVIDED BY THIS ENDORSEMENT APPLIES ON A CLAIMS-MADE BASIS. PLEASE READ THE ENTIRE ENDORSEMENT CAREFULLY.

1.	Claims-Made Coverage - Coverage A

Solely with respect to Coverage A of this policy in excess of Primary Insurance which applies on
the basis of Claims-Made, we adopt the terms of	Primary Insurance with respect to what must
occur after the Primary Insurance Retroactive Date, if any, in
order for coverage to apply.
However, we do not adopt terms of any:

Primary Insurance Retroactive Date, if any; and

Primary Insurance inception and termination dates.

2.	All of the following apply with respect to the above:

INSURING

SECTION I.	EXCESS LIABILITY - COVERAGE A, A. COVERAGE A -

AGREEMENT, subsection 1.b. does not apply with respect

to coverage in excess
of Claims-Made basis Primary Insurance; and

Our Coverage A Retroactive Date for Claims-Made coverage provided by this endorsement is:

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Various; and	Per the Scheduled Underlying Insurance retroactive date (if any).

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c. during our Policy

For Coverage A to apply, the claim must be first made Period as well as during
the Primary Insurance policy period.

As used in 2.b. above, the term "Retroactive Date" means the date that is the earliest date on which the
wrongful act, error or omission may first take place for coverage to
apply.

Limits of Insurance Amendment - Coverage A

Subject to our Limits of Insurance, the most we will pay under

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman"s FundInsurance Companiesas named in the policy

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Endorsement Number: 100007 PAGE02OF03
Coverage A of this policy for coverage under A. above is:

"SEE CERTIFICATE"	Each Claim or Wrongful Act of the term that is used to determine the exhaustion of the
limit of insurance in Primary Insurance

"SEE CERTIFICATE" Aggregate

These Limits of Insurance are included within, and are not in addition to, the Each Occurrence Limit of
Insurance and the Aggregate Limit of Insurance shown in our Declarations.

Notice of Claim - Coverage A

Notwithstanding anything to the contrary contained in this policy, notice of an Occurrence is not notice
of a claim under that part of Coverage A which provides coverage on the basis of Claims-Made
pursuant to this endorsement. All conditions of such Primary Insurance that require you to provide
Primary Insurers with notice of claims or Suits also apply separately and distinctly to us with respect
to any claim or Suit which may reasonably be expected to result in a claim against this policy. You must
give such notice to us on the same basis that you are to give notice to such Primary Insurer.

Extended Reporting Period - Coverage A

If a Primary Policy provides coverage for claims made under an Extended Reporting Period then

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Coverage A of this policy will provide an Extended Reporting Period in the same manner, subject to
all of the following:
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UJ		1.	Our Extended Reporting Period under Coverage A of this policy will not reinstate or increase
the Limits of Insurance of this policy or extend our Policy
Period.

Our Extended Reporting Period will not be longer than twelve (12) months unless we expressly agree
in writing at the time the Extended Reporting Period becomes
effective.

If the Primary Policy requires you to make a written request in order for its Extended Reporting
Period to apply to their policy, then:

All   other    terms   and  conditions	of  the  supplement	remain unchanged.

One of the Fireman's Fundlnsurance Companlesas named in the policy

Endorsement Number: 100007 PAGE03 OF03

We must also receive a written request from you for an Extended Reporting	Period for our policy
no later than sixty (60) days after the termination date of
this policy.

If our Extended Reporting Period is for a period of more than sixty {60) days, you must	promptly
pay us any additional premium we require. The premium for our Extended Reporting Period will
not exceed 200% of the annual premium of this policy if the Extended Reporting Period is for no
more than a twelve (12) month period, and will be deemed fully earned at the inception of the
Extended Reporting Period.

Wrongful Acts Policy Exclusion

This policy does not apply to any liability arising out of any criminal, malicious, fraudulent, intentional,
knowingly wrongful, or dishonest, act or omission by any person or organization whether or not an
Insured. This exclusion applies even if the claim or Suit alleges negligence or other wrongdoing in
the supervision, hiring, employment, training or monitoring of others by any Insured.

This exclusion does not apply to Excess Liability -	Coverage A - to the extent that Primary Insurance is
provided under a Directors and Officers	liability policy shown in the Primary Schedule of Underlying
Insurance.

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Contractual Liability Limitation

This policy does not apply to any liability arising out of:

Any Insured's obligation to pay damages by reason of any Insured's assumption of the liability
of another person or organization in any contract or agreement for the	rendering of or failure
to render any professional service; or

Any breach of any contract, agreement, warranty, guarantee or representation.

All  other   terms   and conditions	of the supplement	remain unchanged.

One of the Fireman's Fundlnsurance Companiesas named in the policy

Silica Particles Exclusion - 178575 05 04
Policy  Amendment	- Umbrella Policy - Excess Liability Policy

The  policy   does   not  apply   to  any  claim or liability	arising, in whole or in part, directly or in­ directly out of, or which is in any way related to, "Silica".

As  used  in  this  exclusion,  the  term  "Silica"  includes,  but  is  not   limited   to,  silicon   dioxide, silica,  silica  products,  silica  fibers,  silica   dust,   any   other   silica   byproducts,   and   silica, whether alone or in combination with any substance, product or material.
Without   limiting  the  foregoing,	this  exclusion	applies to every injury, damage, loss, cost or expense  otherwise	covered by this policy, if any.

All other terms and conditions of the policy remain unchanged.

President·

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This Form must be attached to Change Endorsement when issued after the policy is written.

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One of the Fireman's Fund Insurance Companiesas named in the policy

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1785755-04

of Premium and Estimated Premium for Certified Acts of Disclo ure Coverage; Cap on Insurer Participation in Payment of
Terror sm Losses (Pursuant to Terrorism Risk Insurance Act)
Terrorism 07
ii!Jp8lmaiament - Umbrella Policy - Excess Liability Policy

This Endorsement is attached to and made part of your policy in response to the disclosure requirements   of the  Terrorism	Risk Insurance Act.
Disclosure of Premium

In  accordance  with  the  federal  Terrorism  Risk  Insurance  Act,   as  amended,   we  are  re­ quired to provide you  with  a  notice  disclosing  the  portion  of  your  premium,  if  any,  at­ tributable  to  coverage  for  terrorist  acts  certified   under   the  Terrorism   Risk   Insurance   Act, as  amended.  The  portion  of  your  premium  attributable  to  such  coverage  is shown  in the policy Declarations. This premium is based on the rates in effect at the time of policy
issuance    or  policy    anniversary	and was calculated for  the  full  term  of  the  current  policy period.

Disclosure  of Federal  Participation	in  Payment of Terrorism	Losses

The  United   States   Government,	Department		of the Treasury, will pay a share  of  terrorism losses    insured    under   the federal   program.	The  federal  share   equals   85%   of  that  portion of   the   amount    of   such   insured		losses    that    exceeds   the   applicable	insurer		retention. However,	if   aggregate	insured	losses   attributable	to   terrorist	acts   certified	under the Terrorism	Risk  Insurance  Act,  as  amended,   exceed   $100  billion   in  a  Program   Year   (Jan­ uary   1  through   December   31),  the   Treasury   shall   not  make   any   payment    for   any   portion of the amount of such losses that exceed $100 billion.
Cap  on Insurer	Participation in Payment of Terrorism Losses

If  aggregate	insured    losses    attributable	to   terrorist	acts   certified	under the  Terrorism Risk    Insurance	Act,   as  amended,	exceed   $100  billion	in a Program Year (January 1 through    December    31)  and   we  have   met   our insurer   deductible	under   the  Terrorism	Risk Insurance		Act,   as  amended,   then   we  shall   not   be  liable   for   the   payment   of   any   portion of   the  amount   of  such   losses   that   exceeds   $100  billion,   and  in  such   case   insured   losses up   to  that   amount    are   subject    to   pro   rata   allocation  in  accordance		with   procedures		es­ tablished	by the Secretary of the Treasury.

This Form must be attached to Change Endorsement when issued after the policy is written.

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One of the Fireman's Fund Insurance Companiesas named in the policy
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17858712-07
© 2007 Fireman's Fund Insurance Company, Novato, CA. All rights reserved.
Includes copyrighted material of Insurance  Services Office, Inc., with its permission.	Page 1 of 2

Possibility of Additional or Return Premium

The  premium		for  certified	acts   of  terrorism		coverage    is  calculated		based in part on the federal   participation		in   payment   of  terrorism				losses    as   set   forth    in the  Terrorism		Risk Insurance	Act,   as  amended.		If   the  federal   program		terminates	or  if  the  level   or  terms of federal   participation		change, the premium charge for acts of terrorism as shown in the Declarations			of  this   policy    may  also   change.				If  this   policy    contains   a  Conditional	Exclu­ sion,   continuation	of   coverage    for   certified    acts of terrorism,	or  termination	of such cov­ erage,   will   be  determined	upon   disposition	of  the  federal   program,		subject to the  terms and  conditions		of  the  Conditional	Exclusion.			If this policy does not contain a Conditional Exclusion,	coverage	for   certified     acts   of  terrorism	will   continue.		In either case, when disposition		of   the   federal		program	is   determined,		we  will  recalculate  the   premium charge   made   for   those   acts   of  terrorism    covered    by  the   Terrorism    Risk   Insurance    Act, as  amended,  that  remain  covered   by  this   policy   after   the   disposition   of  the   federal   pro­ gram. We will calculate the premium charge as follows:

We  will   calculate	the	pro-rated terrorism	from the  effective  date of the federal program.

premium	shown    in  the  Declarations	for acts  of of  your   policy   to  the   date of expiration		or change

We  will   calculate	the   pro-rated	premium covered  for  the  policy  period   that   remains the   federal   Program    to the  anniversary	or

charge    for   acts   of  terrorism		that  remain in  effect   from   the  expiration	or change of expiration	date of your policy.

We  will  add  the  amount  determined  in  D.1.  above   to  the   amount   determined   in  D.2. above.    Such   premium    will   be   your   revised    annual    premium    for   coverage    for   acts of terrorism.

If  the  revised  annual  premium	determined	above   is  an additional   premium,	this additional	premium	may  be  waived   by  us  for the  remainder	of the policy term.
If  the   revised  annual  premium	determined	above   is  a return  premium,	we will refund this amount to you.
All   other   terms   and  conditions	of the policy remain unchanged.

17858712-07
© 2007 Fireman's Fund Insurance Company, Novato, CA All rights reserved.
Includes copyrighted material of Insurance Services Office, Inc., with  its permission.	Page 2 of 2

Employee Benefit Program Exclusion - Coverage B - 178751 03 98S
Policy   Amendment	- Umbrella Policy

Coverage   B  of  the  policy   does  not  apply   to  any  liability   arising    out  of  the  "Administration" of  any  "Employee   Benefit	Program."

As  used   in  this   endorsement,	the  following	terms have the following meanings:
"Employee	Benefit	Program"		includes	but   is   not   limited	to group life insurance, group   accident		or  health  insurance,	profit    sharing    plans,   pension	plans and stock subscription		plans,		unemployment	insurance,	social	security	benefits,	workers' compensation			and  disability	benefits insurance.

"Administration"		includes   but  is  not  limited   to  performing	or failure  to  perform  any of the  following	functions with respect to an "Employee Benefit Program":
Application	of rules  determining	eligibility	for or participation	in benefits;

Calculation	of   service  and   compensation	credit for benefits;

Preparation	of  Employee communications	material;

Maintenance	of participants'	service  and  employment	records;

Preparation	of  reports   required  by  government	agencies;

Calculation	of benefits;

Orientation	of  new  participants	and  advising	participants	of their rights and options under the plan;

Collection	of  contributions	and   application	of   contributions	as  provided	in the plan;

Preparation	of reports  concerning	participants'	benefits;

Processing	of claims; or

Rendering	or providing advice, other than legal advice.

All   other   terms   and  conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.

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1787513-98S

Lead Exclusion - 178771 03 98
Policy   Amendment	- Umbrella Policy - Excess Liability Policy

The  policy  does  not  apply   to  any  liability   arising   in  whole   or  in  part,   out  of  or  in  any  way  re­ lated to "Lead".

As  used   in this   exclusion,	the  term  "Lead"  includes  but  is  not  limited  to,  lead,   lead   products, lead contained in paint, and lead contained in any products or materials.

All   other   terms   and  conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.
One of the Fireman's Fund Insurance Companiesas named in the policy
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1787713-98

Pollution - Absolute Exclusion - Coverage B - 178789 10 01
Policy   Amendment	- Umbrella Policy

A.    SECTION   II.  UMBRELLA	LIABILITY	- COVERAGE B, C. COVERAGE B - EXCLUSIONS, subsection	12. POLLUTION is replaced by the following:
POLLUTION

To any liability arising:

Directly;

Indirectly;	or

In  concurrence,	or   in any  sequence,	with  a  cause  for   which   coverage   may be afforded by this policy;

out  of the  actual,   alleged   or  threatened   existence, discharge,   dispersal,	seepage, migration,	release or escape of Pollutants.

To any loss, cost, or expense arising out of any:

Request,    demand,    order,    or   statutory  or  regulatory	requirement	that any In­ sured or others  test  for,  monitor,  clean  up,  remove,  contain,  treat,  detoxify, neutralize,	or in any way respond to or assess the effects of Pollutants; or

Claim    or   suit   by  or   on  behalf    of a governmental	authority	for damages be­ cause    of  testing   for,  monitoring,	cleaning    up,  removing,    containing,	treating, detoxifying	or   neutralizing,	or   in   any  way   responding	to,  or  assessing	the effects of, Pollutants.

It  is  the  intent  and  effect   of  this   exclusion   to  exclude   any  or  all  coverage   afforded by Coverage  B  of  this  policy  for  any  claim,  action,  judgment,  liability,  settlement, defense,		or   expense    in   any   way    arising    out    of the   existence,	discharge,	dis­ persal,    seepage,   migration,	release  or  escape  of  Pollutants.   It   applies   whether such    results    from   any  lnsured's  activities	or  the  activities	of  others.		It applies whether	such    is   sudden,   gradual,    accidental,	intended,	foreseeable,	expected, fortuitous,			or  inevitable.	And   it applies   wherever	or however such occurs.

All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companiesas named in the policy
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Products-Completed Operations Hazard Exclusion - Coverage B 178792 03 98R
Policy   Amendment	- Umbrella Policy

COVERAGE B of  the  policy  does  not  apply  to  any  liability  arising  out  of  the  Products­ Completed Operations Hazard ; nor to any liability assumed  under  that  part  of  an  Insured  Contract that indemnifies a person or organization for any liability arising out of the Products-Completed Operations Hazard.

All other terms and conditions of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.

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Professional Services Exclusion - 178794 10 01
Policy Amendment - Umbrella Policy - Excess liability Policy

The policy does not apply to any liability arising out of the rendering of or failure to render
any "professional" services.

As  used  in  this  endorsement,  a  "professional"   service   is  one  arising   out  of  a vocation,   call­ ing,   occupation,   or   employment   involving   specialized   knowledge,   labor,   or  skill.   It  also means  relating  to  or  characteristic  of  a  learned  profession  that   often   requires   special   li­ censing by an agency or society with such authority.

All   other   terms   and  conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companiesas named in the policy

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New Jersey Amendatory - 178846 10 02 NJ
Policy   Amendment	- Umbrella - Excess Liability Policy

Pursuant	to    New    Jersey    law,    this   policy    cannot be   cancelled		or   nonrenewed		for any underwriting	reason    or   guideline    which    is arbitrary,   capricious	or   unfairly   discriminatory or  without    adequate    prior    notice   to  the    First  Named   Insured . The  underwriting	reasons
or  guidelines	that  we  can  use  to  cancel    or  nonrenew    this    policy    are  maintained	by us in writing  and  will   be  furnished   to  the   First  Named   Insured   and/or   his  lawful   representative upon written request.

This  provision	shall not apply to any policy which has been in effect for less than sixty
(60)  days   at  the  time   notice   of cancellation	is  mailed   or  delivered,	unless the policy is a renewal policy.

The  policy	CONDITIONS,   CANCELLATION,   subsection	2.a. is replaced by the following:
a.	Ten  (10)  days   before    the   effective    date of  cancellation	if we cancel for:
Nonpayment	of premium; or
Existence of a moral hazard, as defined in N.J.A.C. 11:1-20.2(1) as follows:
The  risk,   danger   or  probability   that   the   Insured  will   destroy,   or  permit   to be  destroyed,  the  insured  property  for  the  purpose   of  collecting   the   in­ surance   proceeds.   Any   change    in  the   circumstances    of  an  Insured   that will  increase  the  probability   of  such   a  destruction   may   be  considered   a 'moral hazard'; and
The   substantial	risk,    danger   or   probability	that   the   character,		circum­ stances   or   personal	habits   of   the   Insured   may   increase    the   possibility of   loss  or  liability	for   which    an   insurer    will    be held   responsible.		Any change    in  the   character	or   circumstances	of  an  individual,	corporate, partnership	or   other   Insured   that   will   increase  the  probability		of such a loss   or  liability    may  be  considered	a 'moral hazard'.
The  following    is  added   to  the  policy CONDITIONS,  subsection	2.:
If  this  policy  has  been  in  effect  for  sixty   (60)  days  or  more,   or  is  a renewal   of  a  policy we issued, we may cancel this policy only for one or more of the following reasons:
Nonpayment	of premium;
Existence of a moral hazard, as defined in N.J.A.C. 11:1-20.2(1);

Material	misrepresentation acceptance of the risk;

or  nondisclosure	to us of a material fact at the time of

Increased	hazard or material change in the risk assumed which we could not  have reasonably		contemplated	at  the  time of assumption	of the risk;

This Form must be attached to Change Endorsement when issued after the policy is written.
One of the Fireman's Fund Insurance Companiesas named in the policy

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Substantial	breaches	of contractual affect the nature and/or insurability

duties, conditions of the risk;

or  warranties	that materially

Lack   of  cooperation	from   the   Insured   on   loss control   matters	materially	affecting insurability	of the risk;
Fraudulent	acts   against    us  by  the   Insured  or  its  representative	that   materially	affect the nature of the risk insured;
Loss   of  or  reduction   in available   insurance	capacity;
Material    increase    in   exposure    arising    out   of   changes   in  statutory	or case law sub­ sequent    to  the   issuance    of  the   insurance    contract    or any  subsequent	renewal;
Loss   of  or  substantial	changes   in  applicable	reinsurance;
Failure  by  the  Insured  to  comply  with  any  Federal,   State  or  local   fire,  health,   safety or  building  or  construction   regulation,   law   or  ordinance   with   respect   to  an  insured risk  which  substantially   increases   any  hazard   insured   against   within  sixty  (60) days   or written notification of a violation of any such law, regulation or ordinance;
Failure    by   the   Insured   to provide    reasonable	and   necessary	underwriting	informa­ tion   to  us  upon   written    request    therefor    and a reasonable	opportunity	to respond;
Agency	termination,	provided:
We   document   that   replacement   coverage   at   comparable    rates   and   terms    has been  provided  to  the  First   Named   Insured,   and   we   have   informed   the   First Named Insured , in writing, of the right to continue coverage with us; or
We  have   informed	the First Named Insured , in writing, of  the  right  to  continue coverage	with us and the First  Named  Insured  has  agreed,  in  writing,  to  the cancellation		or   nonrenewal	based    on  the   termination	of the First Named ln­ sured's appointed agent; or
Any   other    reasons   in  accordance	with   our  underwriting	guidelines	for cancellation of  commercial	lines coverage.

However,    we  need   not   send  notice of  cancellation	if you have replaced coverage else­ where  or  specifically	requested	termination.
The following is added to the policy CONDITIONS: NONRENEWAL BY US
We  may  elect  not  to  renew  this   policy   for   any   reason   permitted   to   cancel   it.   If   we elect  not  to  renew  this  policy,  we  will  mail  by  first  class  or  certified  mail  to  the   First Named   Insured   and   to   the   agent   or  broker   of   record,   at  their   addresses   known   to us,  written  notice  stating  the  reason   for  nonrenewal,   at  least   thirty   (30)  days   but   not more than one hundred twenty (120) days before the effective date of nonrenewal.
Notice   of  nonrenewal	will   state   the   effective    date  of  nonrenewal.	The Policy Period will end on the date of nonrenewal.

A  post   office   certificate	of  mailing   or  a  certified   mail   receipt   will    be  sufficient    proof of mailing of notice.
We need not mail or deliver this notice if you have:
Replaced   coverage    elsewhere;	or
Specifically	requested termination.
All  other   terms  and conditions	of the policy remain unchanged.

Liquor Liability Exclusion - Coverage B - 178862 10 03
Policy   Amendment	- Umbrella Policy

Coverage B of the policy does not apply to any liability arising out of:

Causing	or  contributing	to  the  intoxication	of any person;

The  furnishing	of  alcoholic    beverages	to  a person  under  the  legal   drinking   age   or  under the influence of alcohol;

Any  statute,  ordinance	or  regulation	relating   to  the  sale,  gift,  distribution	or use of alco­ holic  beverages;	or

Owning    or  leasing   premises	used   for   selling    or serving   alcoholic	beverages.

All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.

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One of the Fireman's Fund Insurance Companiesas named in lhe policy
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Discrimination Liability Limitation - Coverage B - 178905 10 01
Policy   Amendment	- Umbrella Policy

SECTION  VI. DEFINITIONS,	N.  PERSONAL   AND  ADVERTISING	INJURY,   subsection	7. is deleted.

Coverage    B  of  the   policy    does   not   apply    to any  liability	arising out of or alleging "dis­ crimination"	against any person or organization.

"Discrimination"   includes,   but   is  not   limited   to,   discrimination   because    of  race,   color, ethnic  or  national  origin,   religion,   age,   gender,   marital   status,   physical   disability   or impairment, or any employment practices related to the foregoing.

All   other   terms   and  conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companiesas named in the policy

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Personal and Advertising Injury Exclusion - Coverage B
178909 09 98R
Policy   Amendment	- Umbrella Policy

COVERAGE B of the policy  does  not  apply  to  any  liability  arising  out  of  Personal  and  Adver­ tising Injury .

All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.
One of the Fireman's Fund Insurance Companiesas named in the policy
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Abuse, Assault and Molestation Exclusion - Coverage B
178913 10 01
Policy   Amendment	- Umbrella Policy

Coverage B of the policy does not apply to any:

Liability	arising    directly   or  indirectly	out of any actual, alleged or threatened:

Sexual    abuse,    sexual	assault,	sexual    molestation,	sexual	harassment	or sexual misconduct;

Physical abuse, physical assault, physical battery;

Mental    abuse;   or

Child    molestation;

Injury to any person who is so abused, assaulted, battered, molested or harassed; or
Liability for:

Failing to prevent or deter any of the above; or

Negligently	hiring   or supervising	any persons who cause or contribute to any of  the above.

All   other   terms and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.
One of the Fireman's Fund Insurance Companiesas named in the policy	* t

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Care, Custody or Control of Real and Personal Property Exclusion Coverage B - 178923 10 03
Policy   Amendment	-  Umbrella   Policy

Coverage  8  of  the  policy  does  not  apply   to  any  liability   arising   out  of  Property   Damage   to real and personal property of others in the care, custody or control of any Insured .
All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.
One of the Fireman's Fund Insurance Companiesas named in the policy

Pre5iuem

sf!::ft		 GI	lJ. 	e/41

Intellectual Property Exclusion - 178944 10 01
Policy   Amendment	- Umbrella Policy - Excess Liability Policy

The policy does not apply to any liability ans,ng out disparagement, defamation, violation, misappropriation, lectual property, including but not limited to:

Copyright, slogan or title;

Patent;

of  any   actual   or   alleged   infringement, or unfair usage of any form of intel-

Trademark,		service    mark,    collective	mark,   or  certification	mark,    including	without limi­ tation    any   word,  name,   symbol,	device    or  any   combination		thereof used to identify or distinguish	the origin of a good, product or service;
Trade secret;

Trade   dress   including	without    limitation,	any   shape,    color,   design   or  appearance	used to  distinguish	the origin of a good, product or service;

False   designation	of the origin of a good, product or service;

Advertising	ideas,   concepts,    campaigns,	or style of doing business; or

Any  other   intellectual	property   rights    recognized	or implied by law.

All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund insurance Companiesas named in the policy

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     President

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Designated Operations Exclusion - 178947 10 01
Policy   Amendment	- Umbrella Policy - Excess Liability Policy

The   policy    does   not   apply   to  any   liability    arising    out   of any  operations	performed	by or on behalf  of  any  Insured,  nor  to  any  liability  assumed   under   that   part   of  any   contract   or   agree­ ment   that   indemnifies	a  person   or   organization	for  liability	arising    out  of  operations	listed below:

Any construction and/or development with the exception of alteration or renovation operations and/or maintenance or repair operations.

This exception does not apply to any structural alteration that involves changing the size of, or any demolishing or moving of any building or other structure.

All   other   terms   and  conditions	of the policy remain unchanged.

d	±i t

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companlesas named in the policy
IJ.
President

17894710-01

Fungi or Bacteria Exclusion - 178950 04 02R
Policy   Amendment	- Umbrella Policy - Excess Liability Policy

The policy does not apply to:

Any  claims  or   liability   arising,   in  whole   or  in  part,   out  of,  resulting   from,   caused   by,  or  in any way related to "fungi" or bacteria; or

The  cost  to  test  for,  monitor,  abate,  mitigate,  remove,  dispose  of  or  remediate  "fungi"   or bacteria.

This  exclusion	applies   regardless	of  any   other cause,  event,	material,	product or building component		that  contributed	concurrently	or  in  any  sequence   to such  liability.	However, this exclusion	does   not   apply   to  bacteria   that   is,   is  on, or  contained	in, a good or product in­ tended for human ingestion.

"Fungi"  is  defined  to  include  but  is  not  limited  to  fungus,  mildew, and  byproducts,	including	mycotoxins	or  allergens.	However, "fungi" intended for human ingestion.

All   other   terms   and  conditions	of the policy remain unchanged.

mold or resulting spores "fungi"	does not include

This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companiesas named in the policy

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prff;lid;e!nt!+ fJ.  	-t

17895O4-02R

Coverage for Certified Acts of Terrorism - 178993 12 07
Policy   Amendment	- Umbrella Policy

Coverage   A of  this  policy   will  apply   with   respect   to a "certified	act of terrorism".

Coverage    B  of  this   policy    does   not  apply   to  any  liability    arising,    directly or  indirectly,	out of any  "certified	act of terrorism".

As   used    in this   endorsement,	"certified	act   of  terrorism"	means  an  act  that  is   certified by  the   Secretary    of  the   Treasury,  in  concurrence	with the Secretary of State  and  the  At­ torney   General    of  the   United    States,   to   be  an  act of  terrorism	pursuant to the  Terrorism Risk   Insurance    Act,  as amended.	The   criteria    contained    in the  Terrorism	Risk Insurance Act,   as  amended,    for   a  "certified    act of  terrorism"		include the following:
The  act  resulted   in   insured   losses   in  excess   of  $5  million   in   the   aggregate   attribut­ able    to    all   types  of   insurance	subject	to   the   Terrorism	Risk   Insurance	Act, as amended; and

The act resulted in damage:

Within    the   United   States    (including	its   territories	and   possessions	and Puerto Rico); or

Outside the United States in the case of:

An  air  carrier  (as  defined  in  Section  40102  of  title  49,  United  States  code)  or United   States   flag   vessel    (or   a  vessel based   principally	in the United  States, on   which   United    States    income    tax   is  paid   and whose   insurance	coverage is   subject   to   regulation	in   the  United   States)	regardless		of where the loss
occurs; or

The  premises	of any United States mission; and

The act is a violent act  or  an  act  that  is  dangerous  to  human  life,  property  or infrastructure and is  committed  by  an  individual  or  individuals  as part  of an  effort  to  coerce  the  civilian  population  of the  United  States   or  to influence   the  policy   or  affect the conduct of the United States Government by coercion.

If  aggregate	insured    losses    attributable	to  terrorist	acts   certified	under the  Terrorism Risk    Insurance	Act,   as  amended,	exceed	$100  billion	in  a  Program	Year (January 1 through	December    31)  and   we  have   met   our insurer   deductible	under   the  Terrorism	Risk Insurance			Act,   as  amended,   then   we   shall   not   be  liable   for   the   payment   of  any   portion of   the  amount   of  such   losses   that   exceeds   $100  billion,   and  in  such   case   insured   losses up   to  that   amount   are   subject    to  pro  rata  allocation	in  accordance		with   procedures		es­ tablished		by the Secretary of the Treasury.

All   other   terms  and conditions	of the policy remain unchanged.
This Form must be attached to Change Endorsement when issued after the policy is written.

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One of the Fireman's Fund Insurance Companiesas named in the policy

pPresident·
17899312-07
© 2007 Fireman's Fund Insurance Company, Novato, CA. AU rights reserved. Includes copyrighted material of Insurance Services Office, Inc., with its permission.

Additional Policy Provisions - 179020 12 07
Policy  Amendment	- Umbrella  Policy

Unless  otherwise	amended	by  any  other  endorsement	to this policy issued on  or  after  the date this  endorsement	is added, this policy is amended as follows:

SECTION  II. UMBRELLA  LIABILITY	- COVERAGE B, C. COVERAGE B - EXCLUSIONS, 2. PERSONAL  AND  ADVERTISING  INJURY,  subsection	h is replaced by the following:
h.	Arising   out  of the infringement		of copyright,		patent,  trademark,	trade secret or other intellectual		property	rights.	Under  this  exclusion,	such  other  intellectual	property rights   do  not   include   the  use  of another's	advertising	idea in your Advertisement . However,	this  exclusion	does   not  apply  to infringement,		in  your	Advertisement, of copyright,	trade  dress    or slogan.

SECTION I. EXCESS LIABILITY - COVERAGE A, C. COVERAGE A - EXCLUSIONS, 4. POL­ LUTION,  subsection	(6) is replaced by the following:

(6)   BUILDING  HEATING  EQUIPMENT-	Subsection	a.(1) above does not apply to bodily injury   if  sustained	within   a  building		and caused by smoke, fumes, vapor or soot produced	by  or  originating	from  equipment	that is used to  heat,  cool  or  dehumidify the  building,	or  equipment		that   is   used   to   heat   water for   personal	use, by the building's	occupants   or  their  guests.

SECTION I. EXCESS LIABILITY - COVERAGE A, C. COVERAGE A - EXCLUSIONS 5. EM­ PLOYMENT	PRACTICES   and   SECTION  II.  UMBRELLA	LIABILITY	- COVERAGE B, C.
COVERAGE B - EXCLUSIONS, 7. EMPLOYMENT PRACTICES,  are  replaced  by  the  follow­ ing:

EMPLOYMENT	PRACTICES

To  any  liability   arising   out   of any  employment-related	or  personnel	practices,	poli- cies,   acts or omissions.	This includes, but is not limited to:
Refusal to employ;

Termination	of employment;

Coercion,  criticism,  demotion,  failure  to promote,  evaluation,  reassignment,  dis- cipline,   defamation,   self-defamation,   harassment,   humiliation,   discrimination,    li- bel,  slander,  false  arrest  or  imprisonment,  violation   of  a person's   right   of privacy, or malicious prosecution; or

Any consequential	injury or damages as a result of (1), (2) or (3) above.

This Form must be attached to Change Endorsement when issued after the policy is written.

   U4,d	iJ.

One of the Fireman's Fund Insurance Companiesas named in the policy

s-p	President
17902012-07
Copyright 2007, Fireman's Fund Insurance Company, Novato, CA. All rights reserved.	Page 1 of 3

This  exclusion	applies:

To all claims, demands, charges, complaints or Suits  by  any  person(s)  or organization(s)  for  damages  because  of  such  injury   or  liability,   including   dam­ ages  for  care  and  loss  of  services,  whether  such  injury-causing   event   occurs before employment, during employment or after employment;

Whether   any   Insured  may  be held  liable   as an employer	or in any other capacity either   directly  or indirectly	related  to employment;	and

To any obligation	to share damages with or repay someone else who must  pay damages because of such injury or liability.

The  following	is  added   to  SECTION  II. UMBRELLA   LIABILITY	- COVERAGE B, C. COV­ ERAGE B - EXCLUSIONS:

ELECTRONIC DATA - To damages arising out of the loss of, loss of  use  of,  damage  to, corruption	of, inability	to  access,   or  inability to manipulate	electronic	data.

As  used  in  this  exclusion,   electronic   data  means   information,   facts   or  programs   stored as or  on,  created  or  used  on,  or  transmitted  to  or  from  computer  software,  including systems  and  applications  software,  hard  or  floppy  disks,  CD-ROMS,   tapes,  drives,  cells, data  processing  devices  or  any  other  media  which  are   used   with   electronically   con­ trolled equipment.

SECTION Ill. SUPPLEMENTARY	PAYMENTS,  subsection	1. is replaced by the following:

1.	Costs   taxed   against   any   Insured  in  the  Suit.   However,	these	payments	do not in­ clude  attorneys'	fees  or attorneys'	expenses taxed against the Insured .

SECTION VI. DEFINITIONS, C. AUTO is replaced by the following:

AUTO under Coverage B, means:

A  land   motor   vehicle,   trailer, or  semitrailer	designed for travel on public roads, including	any  attached  machinery	or equipment;	or

Any  other   land  vehicle   that  is  subject   to a compulsory	or financial responsibility law   or  other   motor  vehicle   insurance	law in the state where it is licensed or principally	garaged.

However, Auto does not include Mobile Equipment.

SECTION  VI. DEFINITIONS,	I. INSURED  CONTRACT,	subsection	6. is  replaced	by the following:

That  part  of  any  contract  or  agreement	pertaining	to your business (including an in­ demnification	of a municipality	in connection	with work performed for a municipality) under   which	you  assume	the  tort  liability	of  another	to pay for Bodily Injury, Personal  and  Advertising  Injury  or  Property  Damage  to  a  third  person   or  organiza­ tion, provided injury  or  damage  is  caused,  in  whole  or  in  part,  by  you  or  by  those acting   on your  behalf.	"Tort  liability"	means  a liability  that  would   be imposed   by law in the absence of any contract or agreement.

This  subsection	6. does not include that part of any contract or agreement:

That   indemnifies	a  railroad    for   liability    ans,ng    out  of  construction	or demolition operations,	within    50   feet    of  any   railroad		property	and   affecting		any railroad bridge    or  trestle,    tracks,   roadbeds,   tunnel,	underpass		or crossing;
That  indemnifies	an  architect,  engineer  or  surveyor  for  injury  or  damage  arising out of:

Preparing,  approving,	or  failing   to prepare  or approve,	maps, shop drawings, op,rnons,	reports surveys, field orders, change orders or drawings and spe­ cifications;		or
Giving   directions	or  instructions,	or failing to give them, if that  is  the  primary cause of the injury or damage; or

Under   which   the   Insured ,  if  an  architect,   engineer   or   surveyor,   assumes    liability for an injury or damage arising out of the lnsured's rendering  or  failure  to  render professional	services,		including	those    listed    in   b.   above  and   supervisory,	in­ spection,    architectural	or  engineering	activities.
The following is added to SECTION VI. DEFINITIONS, J. MOBILE EQUIPMENT:

However,	Mobile   Equipment   does   not   include    any land  vehicles	that are subject to a compulsory		or  financial   responsibility	law   or   other   motor vehicle   insurance	law in the state  where   it  is  licensed  or  principally		garaged.		Land  vehicles   subject	to a compulsory or  financial	responsibility	law   or  other  motor	vehicle	insurance		law are considered Autos.

All  other   terms  and  conditions	of the policy remain unchanged.

Directors and Officers Exclusion - Coverage B - 179032 11 04
Policy   Amendment	- Umbrella Policy

Coverage   B of the  policy   does   not  apply   to  any  liability   arising   out  of any "wrongful	act."

As   used   in this   endorsement,	"wrongful	act"  means  any  actual  or  alleged  error  or  misstate­ ment   or misleading	statement or act or  omission  or  neglect  or  breach  of  duty  by  any  director, officer,   trustee,   governor,	regent,    commissioner,	committee	member, managing member or member    of  any   board    of  managers    or  any   board of directors,		or  any  similar   governing	body, of any  organization	of  any   Insured  in  the  discharge    of  their duties,   individually	or collectively, or  any  matter    claimed   against    them   solely    by  reason   of  being   directors	or officers.
All  other   terms  and conditions	of the policy remain unchanged.

This Form must be attached to Change Endorsement when issued after the policy is written.

d1		tJ.1n: t

One of the Fireman's Fund Insurance Companlesas named in the policy s?:#6 'P		President 179032 11-04

Violation of Statutes Exclusion (E-Mails, Fax, Phone Calls or Other Methods  of  Recording   or  Distribution of Material	or Information) 179033 05 09
Policy   Amendment	- Umbrella Policy - Excess Liability Policy

The   policy   does   not   apply   to any  liability	arising  directly	or  indirectly	out of any action or omission that violates or is alleged to violate:

The  Telephone	Consumer	Protection	Act  (TCPA),   including	any   amendment	of or addi­ tion to such law; or

The  CAN-SPAM   Act  of  2003,  including any  amendment	of or addition to such law; or

The  Fair   Credit    Reporting    Act   (FCRA),   and  any  amendment	of our addition to such law, including	the  Fair   and   Accurate   Credit    Transaction	Act (FACTA); or

Any  federal,  state  or  local  statute,  ordinance  or  regulation,  other  than  the   TCPA, CAN-SPAM Act of 2003 or FCRA and  their  amendments  and  additions,  that  addresses, prohibits or limits the printing,  dissemination,  disposal,  collecting,  recording,  sending, transmitting, communicating or distribution of material or information.
All   other   terms   and  conditions	of the policy remain unchanged.

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This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companiesas named in the policy

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President

fJ. 'jf¼U4i

1790335-09
@2009 Fireman's Fund Insurance Company, Novato, CA. All rights reserved. Includes copyrighted material of Insurance Services Office, Inc., with its permission.

QUICK  REFERENCE THE FUND UMBRELLA®
This  insurance  is  provided  by  one  of THE FIREMAN'S  FUND  INSURANCE  COMPANIES  as  shown  on the Declarations	Page. Our mailing address is: P.O. Box 777, Novato, California 94998.

At  inception,	The  Fund  Umbrella	policy   consists	of:  the  Declarations,	The  Fund  Umbrella	policy form,   and the endorsements	listed on the Declarations.

DECLARATIONS	PAGE
Policy   Period;  Named   Insured;	Limits  of Insurance;	Premium;	Schedule	of Primary Insurance; Listing of Endorsements

SECTION I. EXCESS LIABILITY - COVERAGE A

BEGINNING ON PAGE

A.	Insuring  Agreement	.....................................................................................................................	1
B.	When  We Will  Have  a Duty  to Defend  ........................................................................................	1
C.	Exclusions	....................................................................................................................................	2
D.	Who  Is An Insured  .......................................................................................................................	6
E.	Limits   of Insurance  ......................................................................................................................	6
SECTION II. UMBRELLA	LIABILITY - COVERAGE B
A.	Insuring  Agreement	.....................................................................................................................	7
B.	When We Will  Have a Duty  to Defend ........................................................................................	8
C.	Exclusions	....................................................................................................................................	9
D.	Who Is An Insured .....................................................................................................................	13
E.	Limits  of Insurance	....................................................................................................................	15
SECTION Ill. SUPPLEMENTARY	PAYMENTS   .........................................................................................	16
SECTION IV. CONDITIONS
A.	Appeals  .......................................................................................................................................	16
B.	Bankruptcy	.................................................................................................................................	16
C.	Cancellation	...............................................................................................................................	16
D.	Changes   ... ..................................................................................................................................	17
E.	Conformity	with  Laws  ................................................................................................................	17
F.	Duties   of  Insureds   in  the  Event of Occurrence,	Claim  or Suit	17
G.	Maintenance	of Primary  Insurance	..........................................................................................	18
H.	Payment  of Loss  Under  this Policy ..........................................................................................	18
I.	Premium	.....................................................................................................................................	18
J.	Titles  or Captions	......................................................................................................................	18
K.	Transfer   of Your  Rights   and  Duties   Under this  Policy	18
L.	Subrogation	................................................................................................................................	19
M.	Other  Insurance	.........................................................................................................................	19
N.	Separation	of Insureds	..............................................................................................................	19
0.	Inspection	and  Audit   .................................................................................................................	19
P.	Unintentional	Failure  to Disclose	.............................................................................................	20
Q.	Waiver  of Subrogation	Same as Primary .................................................................................	20
SECTION  V. NUCLEAR  ENERGY LIABILITY EXCLUSION ......................................................................	20
SECTION   VI. DEFINITIONS   ......................................................................................................................	22
540010-03

Read   the  entire    policy    carefully   to  determine	rights, duties and what is and is not covered.

The  words  "you"  and  "your"   refer   to  the   Named  Insured  shown   in  the  Declarations.   The  words   "we", "us"  and  "our"  refer  to  the  company  providing   this   insurance.   Other   words   and   phrases   that   are boldfaced have special meaning. Refer to the DEFINITIONS and WHO IS AN INSURED sections.
By accepting this policy, you agree that:

The statements in the Declarations and Application are your agreements and representations;
Those statements are accurate and complete;

This policy is issued and continued in reliance upon the truth of those representations; and

This policy contains all agreements existing between you, us, and our agents, relating to this
insurance.

SECTION I. EXCESS LIABILITY - COVERAGE A

COVERAGE A - INSURING AGREEMENT
We will pay  on  behalf  of  any  Insured  those  sums  in  excess  of  Primary  Insurance  that  any Insured  becomes  legally  obligated  to  pay  as  damages  or  a  Covered  Pollution  Cost  or  Ex­ pense provided that such damages and Covered Pollution Cost or Expense:
Are covered by Primary Insurance ;

Arise   from   injury	or    damage    that    occurs,    or   from   an offense   committed,	during our Policy Period; and

Take place anywhere in the world.

The  terms  and  conditions  of  Primary  Insurance  apply  to  Coverage  A,  unless  they  are  in­ consistent with any provision of this policy.

The  amount    we   will   pay   is  limited  as  described	in Limits of Insurance.

a.		Subject   to   Section    I.B.  and   Section   I.E.5.,  we   will    only   pay defense   expenses	we incur in  addition    to the  applicable	Limits of Insurance.

b.  If  we  are  prevented  by  law  from   investigating   or   settling   any   claim   or   defending   any  Insured  against  any  Suit,  we  will  pay  any  expense  incurred  by  any  Insured  with   our consent.
COVERAGE A - WHEN WE WILL HAVE A DUTY TO DEFEND
We   will   have   the  right    and   duty   to  defend   any   Insured   against    any Suit seeking	damages or a Covered Pollution Cost or Expense to which Coverage A applies but only:

After   the   applicable	limits	of   insurance	of Primary Insurance and Other  Insurance cease   to  apply    because    of   exhaustion    by  the   payment  of  judgments	or   settlements,	or because   of  exhaustion		by  the   payment   of defense	expenses by the  terms  of  that  policy; and

If  no   Other   Insurance   affording a  defense   or  indemnity	against such  a  Suit is  available to any Insured .

We will pay only those defense expenses we incur.

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We have the right  but  not  the  duty,  to  associate  with  Primary  Insurers  in  the  defense  and control of any Occurrence, claim or Suit to which we think Coverage A may apply.
At our  discretion	we may:
Investigate	any Occurrence, claim or Suit; or
Settle any claim or Suit.
We  have   no  duty   to  defend   any   Insured   against   any  Suit seeking   damages	or a Covered Pollution Cost or Expense:
To which Coverage A does not apply;

After our applicable  Limits  of  Insurance  have  been  exhausted  by  the  payment  of  judg­ ments or settlements, or  exhausted  by  the  payment  of  defense  expenses  or  re­ imbursements  in  the  same  manner  as  the  terms  of  Primary   Insurance   or   Other Insurance; or

To which Primary Insurance or  Other  Insurance,  by  its  terms,  has  no  duty  to  defend provided that  such  Primary  Insurance  or  Other  Insurance  does  not  defend  for  reasons other than the exhaustion of its limits of insurance.
COVERAGE A - EXCLUSIONS
Coverage A of this policy does not apply:

ASBESTOS  -   To any   liability	arising, in whole or in part, out of or in any way related to
Asbestos.

E.R.I.S.A. - To any liability of any Insured under, or any claim based upon:
The  Employees'	Retirement	Income  Securities	Act (E.R.I.S.A.) of 1974 and any amend­ ment thereto; or

Similar  provisions	of any federal, state, or local statutory law or common law.

WORKERS  COMPENSATION	AND   SIMILAR    LAWS - To  any  obligation	of any Insured  under a Law of:
Workers compensation;
Disability	benefits;
Unemployment	compensation;	or
Any similar law.

POLLUTION

To any  liability	ansmg   out  of  the  actual,   alleged   or  threatened,	discharge,	dispersal, seepage,  migration,	release or escape of Pollutants:

At or from any premises, site or location which is or was at any time:
Owned or occupied by; or
Rented or loaned to; any Insured ;
At or from any premises, site or location which is or was at any time used by or for:

Any Insured ; or

Others;

for  the  handling,   storage,   disposal,  processing	or treatment of waste;

Which    are   or   were    at  any time   transported,	handled,	stored,  treated,   disposed   of, or processed as waste by or for:
Any Insured ; or

Any   person  or  organization	for whom you may be legally responsible;

At  or  from   any  premises,	site  or  location   on  which   any   Insured ,  or   any   contractors or    subcontractors	working		directly	or  indirectly	on any lnsured's behalf are per­ forming operations:

If  the   Pollutants   are   brought    on  or  to   such   premises,	site   or  location,	in con­ nection    with  such   operations	by  such   Insured , contractor	or   subcontractor;	or

If the operations are detoxify or neutralize, Pollutants;

to   test  for,   monitor,	clean    up,   remove,	contain,	treat, or   in   any   way   respond	to, or assess the effects of,

That are, or that are contained in, any property that is:

Being    transported	or  towed  by,  handled  or  handled  for  movement  into,   onto   or from; any auto covered by Primary Insurance ;
Otherwise	in the course of transit by or on behalf of any Insured; or

Being	stored,  disposed	of,  treated  or  processed,	in or upon any  auto  covered by Primary Insurance; or

(a)    Before    the    Pollutants,   or any   property	in  which  the  Pollutants  are   contained, are  moved  from  the  place  where  they   are   accepted   by  any   Insured   for   move­ ment into or onto any auto covered by Primary Insurance ; or
(b)  After  the  Pollutants,  or  any  property  in  which  the  Pollutants  are  contained,   are  moved  from  any   auto   covered   by   Primary   Insurance   to  the   place   where   they  are finally delivered, disposed of or abandoned by any Insured .
To any loss, cost or expense arising out of any:

Request,    demand,    order    or   statutory or  regulatory	requirement	that any Insured or others:

Test   for,  monitor,    clean    up,  remove,   contain,    treat,    detoxify  or  neutralize;	or

In any way respond to, or assess the effects of;
Pollutants; or

Claim   or   suit   by  or  on  behalf   of a governmental	authority for damages because of:

Testing   for, monitoring,	cleaning   up,  removing,	containing,	treating, detoxifying or neutralizing;	or

In   any way  responding	to, or assessing the effects of;
Pollutants.

This   subsection	4.b. does not apply to:

A Covered Pollution Cost or Expense to which Coverage A applies; or

Liability	for  damages   because   of  property   damage   that   the   Insured   would   have   in the   absence    of   such   request,    demand    or   order  or   statutory	or  regulatory	require­ ment,   or  such   claim    or   Suit  by  or  on  behalf    of a governmental		authority.

(1)  HOSTILE   FIRE  -   Subsections·   a.(1)   and   a.(4)(a)   above   do  not   apply   to  bodily   injury or  property   damage	arising out of heat, smoke or fumes from a Hostile Fire .

MOBILE  EQUIPMENT  FUELS  -  Subsection  a.(4)(a)   above   does   not   apply   to   bodily injury  or  property  damage  arising  out  of  the   escape   of  fuels,   lubricants,   or   other operating  fluids,  which  are  needed  to  perform  the  normal  electrical,   hydraulic,   or mechanical    functions    necessary     for   the  operation    of   Mobile   Equipment  or  its  parts, if  such  fuels,   lubricants   or   other   operating   fluids   escape   from   a  vehicle   part   de­ signed to hold, store or receive thern.

This exception does not apply if:

The  fuels,  lubricants  or  other   operating   fluids   are   intentionally   discharged,   dis­ persed or released; or

Such  fuels,  lubricants  or  other  operating  fluids  are  brought   on  or  to  the  prem­ ises,  site  or  location  with  the  intent  that  they  be  discharged   or  released   as  part of the operations being performed by such Insured , contractor or subcontractor.
AUTO   FUELS -  Subsection	a.(5)  above   does   not   apply   to fuels,  lubricants,	fluids, exhaust gasses or  other  similar  Pollutants,  that  are  needed  for  or  result  from  the normal  electrical,	hydraulic	or  mechanical	functioning	of any auto or its parts, cov­ ered by Primary Insurance if:

The  Pollutants  escape,  seep,  migrate,  or  are  discharged,  dispersed  or  released directly   from   an  auto   part   designed   by   its   manufacturer    to  hold,   store,    receive or dispose of such Pollutants; and

The  bodily   injury,   property   damage   or   Covered   Pollution  Cost  or  Expense does not arise out of the operation of any equipment listed in subsections 6.(b) and
of  definition	J. of Mobile Equipment, under SECTION VI. DEFINITIONS.

	AUTO UPSET/OVERTURN/DAMAGE - Subsection  a.(6)  above  does  not  apply  to Occurrences  that   occur   away   from   premises   owned   by   or   rented   to  any   Insured  with respect to Pollutants not in or upon any auto covered by Primary Insurance if:

The Pollutants or any property in which the  Pollutants  are  contained  are  upset, overturned  or  damaged  as  a  result   of  the   maintenance   or  use  of  any  auto   cov­  ered by Primary Insurance ; and

The  discharge,	dispersal,	seepage,	migration,	release	or   escape	of the
Pollutants is caused directly by such upset, overturn or damage.

	PRODUCTS/COMPLETED  OPERATIONS  -  Subsection  a.  above   does   not   apply   to  bodily   mJury   or   property   damage    included    within    the    products-completed    oper- ations hazard provided that your product or your work has not at any time been:
Discarded,   dumped,   abandoned,	thrown away; or

Treated or handled as waste;

540010-03	Page 4 of 28

by anyone.

	BUILDING  HEATING  EQUIPMENT  -  Subsection  a.(1)  above  does  not  apply   to  bodily  injury  if   sustained   within   a   building   and   caused   by   smoke,   fumes,   vapor   or   soot from equipment used to heat that building.

PESTICIDE    OR   HERBICIDE    APPLICATOR    -  With   respect  to   pesticide	or herbicide application	by   any   Insured,  subsection	a.(4)(a) above does  not  apply  if  the  oper­ ations    meet    all   standards    of   any statute,   ordinance,	regulation	or license require­ ment   of  any   federal,    state   or local   government	which apply to those operations.

	CONTRACTORS   - subsection	a.(1) above does not apply to bodily injury  or  property damage for which you may be held liable if:

You  are  a contractor;	and

The  owner  or  lessee  of  such  premises,  site  or  location   has   been   added   to  this policy  as  an   additional   Insured   with   respect   to  your   ongoing   operations   per­ formed for that additional Insured at that premises, site or location; and

Such  premises,  site  or  location  is  not  and  never  was  owned  or  occupied   by,  or  rented  or  loaned  to,  any  Insured ,  other   than   the   owner   or  lessee   of  that  prem­ ises who has been added to the policy as an additional Insured .

MATERIALS  -  Subsection  a.(4)(a)  above  does  not  apply  to  bodily  injury   or  property damage	sustained  within  a building  and  caused  by  the  release   of  gasses   fumes   or vapors from  materials  brought  into  that  building  in  connection  with  operations  being performed		by  you   or   on  your   behalf    by a contractor	or subcontractor.
EMPLOYMENT  PRACTICES  -  To  any   liability    arising    out   of any  employment-related	or per- sonnel   practices,   policies,	acts  or  omissions.	This includes, but is not limited to:
Refusal to employ;

Termination	of employment;

Coercion,    criticism,	demotion, defamation,	self-defamation, false arrest and imprisonment,

failure  to promote,	evaluation,	reassignment,	discipline, harassment,	humiliation,	discrimination,	libel,	slander,
or violation of a person's right of privacy; or

d.	Any   consequential	injury or damages as a result of a., b. or c. above.

This exclusion applies:

To   all	claims,		demands, organization(s)	for damages care and loss of services;

charges,	complaints	or	Suits    by	any	person(s)	or because    of   such   injury    or liability,    including		damages for

Whether  any  Insured  may  be  held  liable  as  an  employer  or  in  any  other  capacity  either directly   or  indirectly	related   to  employment;	and

To  any   obligation	to  share  damages  with  or  repay  someone  else   who   must   pay  dam­   ages because of such injury or liability.

WAR - To  any  liability   arising,   directly  or indirectly,	out of:

War, including   undeclared	or civil war;

540010-03	Page 5 of 28

Warlike  action  by  a  military  force,  including  action  in  hindering  or  defending  against  an actual  or  expected  attack,  by  any  government,   sovereign   or  other   authority   using   mili­ tary personnel or other agents; or

Insurrection,	rebellion,	revolution,	usurped	power,	or action taken by governmental authority in hindering or defending against any of these.
COVERAGE A - WHO IS AN INSURED
Each of the following is an Insured under Coverage A:

NAMED   INSURED   -  Any   person  or  organization	shown in the Named Insured section of our Declarations.

NEWLY   ACQUIRED    OR FORMED   ORGANIZATIONS	- Any  organization	you newly acquire or form   during    our Policy   Period.	However,   Coverage   A  does   not   apply   to  any  injury,   damage or    Occurrence,  which    took   place   or was  committed		before you acquired or formed the or­ ganization.

PERSONS  OR  ORGANIZATIONS  INSURED  IN  PRIMARY  POLICIES  -   Any   person   or   organ­ ization  that  is  an  insured  in  Primary   Policies.   However,   any   person   or   organization   that becomes  an  insured  in  Primary  Policies  after  the  inception   date  of  our   policy   is  an   Insured under  Coverage  A  of  our  policy  only  if,  prior  to  the  lime  of  an   Occurrence,  you  agreed   in  a written contract to provide such insurance as is afforded by Coverage A of this policy.
COVERAGE A - LIMITS OF INSURANCE
The   Limits   of  Insurance    shown    in the  Declarations	and the terms  below  fix  the  most  we  will  pay  regardless	of the number of:

Coverages provided by this policy;
Insureds;
Claims made or Suits brought; or

Persons   or  organizations	making claims or bringing Suits.
OCCURRENCE LIMIT

The  "each    occurrence"	limit shown in our Declarations Coverages	A  and   B  combined,	for the sum of damages Expense arising out of any one Occurrence.

is  the  most  we  will  pay  under and Covered Pollution Cost or

Any  amount  we  pay  for  damages  or  a  Covered   Pollution  Cost  or  Expense  arising   out of  an  Occurrence  will  reduce  or  exhaust   the  amount   of  our  applicable   aggregate   Limit of  Insurance  available  for  payment  of  damages  or  a  Covered   Pollution   Cost   or Expense arising out of any other Occurrence.

Coverage A applies only in excess  of  the  Limit  of  Insurance  shown  in  our  Schedule  of Primary  Insurance.	But if a Primary Policy has a limit of insurance:

Greater   than   the   amount   shown,   our   policy   applies   excess   of  the   greater   amount; or

Less than the amount shown, our  policy  applies  excess  of  the  amount  shown  in  our Schedule.

If the limit of insurance of a Primary Policy is:

540010-03	Page 6 of 28

Reduced; or

Exhausted;

by   payment   of   judgments	or   settlements	arising out of  Occurrences,  Coverage  A  will  apply in excess of such reduced or exhausted limit of insurance.
SAME  BASIS  AGGREGATE  LIMIT  -  The  Limit  of  Insurance  shown  in  our  Declarations  as "aggregate"  is   the   most   we   will   pay   under   Coverage   A   for   the   sum   of   damages   and Covered   Pollution   Cost   or   Expense.   Our   aggregate   limit   will   apply   only   when   a   Primary Policy applies an aggregate limit, and will apply on the same basis as a Primary Policy.
POLICY  PERIOD  EXTENSIONS  -  The   Limits   of   Insurance   of  this   policy   apply   separately   to each   consecutive   annual   period   and   to   any   remaining   period   of   less   than   twelve    (12) months,   starting   with   the   beginning   of  the   Policy   Period   shown    in  the   Declarations.    How­ ever,  if  we  extend  our  Policy   Period   after   this   policy   is   issued,   we   will   consider   the   addi­ tional  period   as   part   of  the   last   preceding   annual   period   for   purposes   of   determining   the Limits of Insurance.

SAME  BASIS   DEFENSE  EXPENSES   If   the   limits   of   insurance   of   any   Primary   Policy   or Other  Insurance  are  reduced  by  defense  expenses   by   the   terms   of  that   policy   then   any defense    expense    payments    we   make   to  defend    any   Insured   or   reimbursements    we   make to  any  Insured  for  defense   expenses   will   reduce   our   applicable   Limits   of   Insurance   in  the same manner.

SECTION 11. UMBRELLA LIABILITY - COVERAGE B

COVERAGE B - INSURING AGREEMENT
We will pay on behalf of any Insured those sums that any Insured :

Becomes	legally	obligated	to   pay   as  damages    because	of Bodily Injury or Property Damage , but only if:

The Bodily Injury or Property Damage occurs during our Policy Period;

The Bodily Injury or Property Damage is caused by an Occurrence; and

Prior   to  the   Policy   Period,   no   Insured ,  and  no   Employee  authorized    by  you  to  give or  receive  notice  of  an   Occurrence   or   claim,   knew   that   the   Bodily   Injury   or  Property  Damage  had   occurred,   in  whole   or  in  part.   If  such   an  Insured   or   author­ ized Employee  knew,  prior  to  the  Policy  Period,  that  the  Bodily  Injury  or  Property Damage   occurred,   then   any   continuation,   change   or   resumption    of   such   Bodily Injury  or  Property  Damage  during  or  after  the  Policy  Period  will   be  deemed   to  have been known prior to the Policy Period.
However,    under   this  subsection	A.1.a.:

Bodily  Injury  or  Property  Damage   which   occurs   during   the  Policy   Period   and   was not, prior  to  the  Policy  Period  known  to  have  occurred  by  any  Insured  or  by  any Employee  authorized  by  you  to  give  or  receive  notice  of  an  Occurrence  or   claim, includes  any  continuation,  change  or  resumption  of  that  Bodily  Injury  or   Property Damage after the end of the Policy Period.

Bodily Injury or  Property  Damage  will  be  deemed  to  have  been  known  to  have  oc­  curred   at  the   earliest   time   when   any   Insured ,  or  any   Employee  authorized    by   you to give or receive notice of an Occurrence or claim:

540010-03	Page 7 of 28

Reports all, or  any  part,  of  the  Bodily  Injury  or  Property  Damage  to  us  or  any other insurer;

Receives	a  written	or   verbal   demand    or   claim   for damages   because	of the
Bodily Injury or Property Damage ; or

Becomes aware by any other means that Bodily Injury or Property  Damage  has occurred or has begun to occur.

Becomes  legally  obligated  to  pay  as  damages  because  of   Personal   and   Advertising Injury but only if:

Caused by an offense arising out of your business; and

The  offense  was committed	during our Policy Period.

The  Policy   Period   for  this  policy   may  be  comprised	of  more   than one  consecutive	an­ nual  period.		However, whether or not this policy of insurance applies to more than one consecutive	annual period the most we will pay for  all  damages  for  Personal  and  Ad­ vertising  Injury   arising	out   of  an offense  committed		during one annual period is  the Limits   of  Insurance   available   under   that  one annual  period.	This  provision  applies   even if  the   Personal   and  Advertising  Injury   which   arises   from   an offense   committed		during one   annual  period   continues	or  progressively	deteriorates		into  a subsequent	annual period(s).

Coverage B does not apply to any claim or Suit:

Which is covered by Primary Insurance or Coverage A of this policy; or

Which  would  have  been  covered  by  Primary  Insurance  or  Coverage  A  of  this   policy except for the exhaustion of the limits of such insurance.

Damages  because  of  Bodily Injury  include  damages  claimed   by  any  person   or  organization for care, loss of services or death resulting at any time from the Bodily Injury .

Coverage   B applies  anywhere	in the world.

The  amount   we  will   pay  is  limited as described	in Limits of Insurance.

a.		Subject to Section  11.B.  and Section  11.E.5.,  we  will  only  pay  defense  expenses  we incur  in  addition   to the applicable	Limits of Insurance.

b.  If  we  are  prevented  by  law  from  investigating  or  settling  any  claim  or  defending   any Insured against any Suit,  we  will  pay  any  expense  incurred  by  any  Insured  with  our consent.
COVERAGE B - WHEN WE WILL HAVE A DUTY TO DEFEND
We  will  have  the  right  and  duty  to  defend   any  Insured  against   any  Suit,  seeking   damages  to which Coverage B applies, but only:

If  Coverage  A  or  Primary  Insurance  does  not  apply  or  owe  a  duty  of  defense  against such a Suit; and

If  no  Other  Insurance  affording  a  defense   or  indemnity   against   such  a Suit is  available to any Insured .

We will pay only those defense expenses we incur.

540010-03	Page 8 of 28

We  have   the  right   but   not  the  duty,   to  associate   with   Other Insurance  insurers	in the de­ fense and control of any Occurrence, claim or Suit to which we think Coverage B may apply.
At our  discretion	we may:

Investigate	any Occurrence, claim or Suit; and
Settle any claim or Suit.

We have no duty to defend any Insured against any Suit seeking damages:
To which Coverage B does not apply;

After  our  applicable  Limits   of  Insurance   have   been   exhausted   by  the   payment   of  judg­ ments  or  settlements,  or  exhausted  by  the   payment   of  defense   expenses   in  the   same manner as the terms of Other Insurance ; or

To  which  any  Other  Insurance ,  by  its  terms,  has  no  duty   to  defend   provided   that   such other Insurance does  not  defend  for  reasons  other  than  the  exhaustion  of  its  limits  of  insurance.
COVERAGE B - EXCLUSIONS
Coverage B of this policy does not apply:

AIRCRAFT    -   To  any   liability	arising	out    of  the   ownership,	maintenance,	operation,	use, entrustment	to others, loading or unloading of any aircraft:
Owned,    leased,    hired,    rented  or  borrowed	by or on behalf of you; or

Chartered  without  crew  by  or  on  behalf  of  you. This exclusion:

Applies   even   if  the   claims   against   any   Insured   allege    negligence in   the   supervision,	hiring,	employment,	training	or monitoring
Insured; and

or  other   wrongdoing of   others	by that

Does not apply to liability assumed under an Insured Contract.

PERSONAL AND ADVERTISING INJURY - To Personal and Advertising Injury:

Caused    by  or  at  the   direction    of  the   Insured   with the  knowledge	that the act would  vio­ late   the  rights    of  another    and would   inflict	Personal and Advertising Injury .

Arising   out  of  oral  or written  publication	of material, if done by or at the direction of the
Insured  with   knowledge	of its falsity.

Arising    out   of   oral   or written   publication	of   material    whose  first   publication	took place before the beginning of the Policy Period.

Arising    out   of a criminal	act  committed	by or at the direction of the Insured .

Arising  out   of  a breach   of  contract,   except   an  implied   contract   to  use   another's   adver­ tising idea in your Advertisement .

Arising  out  of  the  failure  of  goods,  products   or  services   to  conform   with  any  statement of  quality  or  performance	made in your Advertisement.
Arising    out   of  the wrong   description	of  the  price   of  goods,   products   or   services   stated in your Advertisement .

Arising out of the infringement  of  copyright,  patent,  trademark,  trade  secret  or  other  intellectual  property  rights.  However,  this   exclusion   does   not  apply   to  infringement,   in your Advertisement, of copyright, trade dress or slogan.
Committed	by an Insured whose business is:
Advertising,	broadcasting,	publishing	or telecasting;
Designing  or determining	content  of web-sites	for others; or
An internet  search,	access, content or service provider.

However,	this exclusion Personal and Advertising

does   not   apply  to subsections	1.,  2.  and  3. of  definition	N. Injury, under SECTION VI. DEFINITIONS.

For the purposes  of  this  exclusion  i.,  the  placing  of  frames,  borders  or  links,  or  adver­ tising,  for  you  or  others  anywhere  on  the  Internet  is  not  by  itself,  considered  the  busi­ ness of advertising, broadcasting, publishing or telecasting.

Arising out of an electronic  chatroom  or  bulletin  board  the  Insured  hosts,  owns,  or  over which   the  Insured  exercises	control.

Arising  out  of  the  unauthorized  use  of  another's  name  or  product  in  your   e-mail   ad­ dress,  domain  name  or  metatag,  or  any  other  similar  tactics  to  mislead  another's   po­ tential customers.

ASBESTOS  -  To  any  liability	arising, in whole or in part, out of or in any way related to
Asbestos.

CONTRACTUAL LIABILITY -  To  any  liability  for  which  any  Insured  is  obligated  to  pay  dam­  ages  by  reason   of the assumption	of  liability   in  any  contract  or  agreement.	This exclusion does not apply to liability for damages:

Assumed	in  a contract	or  agreement	that is an Insured Contract, provided  the  Bodily Injury ,  Personal  and  Advertising  Injury  or  Property   Damage   occurs   after   the  execution of  the  contract  or  agreement;	or

That the Insured would have in the absence of the contract or agreement.

DAMAGE   TO   INSURED'S	PROPERTY  -  To   Property    Damage to  property	of one Insured in the care, custody or control of another Insured.

DAMAGE TO YOUR PRODUCT OR WORK - To Property Damage to:
Your Product arising out of it or any part of it; or

Your Work arising out of it or any part of it and included in the Products-Completed Operations Hazard. This  exclusion does  not  apply  if the  damaged  work  or the work  out of which the damage arises was performed on your behalf by a subcontractor.

EMPLOYMENT  PRACTICES  -  To  any   liability    arising   out   of any  employment-related	or per- sonnel   practices,   policies,   acts  or omissions.	This includes, but is not limited to:
Refusal to employ;

Termination	of employment;

Coercion,	criticism,	demotion, defamation,		self-defamation, false arrest or imprisonment,

failure   to promote,   evaluation,	reassignment,	discipline, harassment,	humiliation,	discrimination,	libel,		slander, and violation of a person's right of privacy; or

d.	Any   consequential	injury or damages  as  a  result  of  a.,  b. or  c.  above. This  exclusion	applies:

To	all	claims,		demands, organization(s)	for damages care and loss of services;

charges,	complaints	or	Suits   by	any because   of  such   injury  or  liability,	including

person(s)	or damages for

Whether    any   Insured  may   be  held   liable    as an employer	or in any other capacity either directly   or  indirectly	related   to  employment;	and
To  any   obligation	to  share  damages  with  or  repay   someone   else   who   must   pay  dam­ ages because of such injury or liability.
E.R.I.S.A. - To any liability of any Insured under, or any claim based upon:
The  Employees'	Retirement	Income  Securities	Act (E.R.I.S.A.) of 1974 and any amend­ ment thereto; or

Similar   provisions	of any federal, state, or local statutory law or common law.

EXPECTEDOR  INTENDED  -  To  Bodily  Injury  or  Property   Damage  expected   or   intended   from the  standpoint  of  the  Insured.  This  exclusion  does  not  apply  to  Bodily  Injury   or   Property Damage which results from the use of reasonable force to protect persons or property.
IMPAIRED PROPERTY - To Property Damage to  Impaired  Property  or  property  that  has  not been  physically	injured arising out of:

A   defect,   deficiency,	inadequacy	or   dangerous	condition	in Your Product or Your Work; or

A  delay   or  failure   by   any   Insured   or  anyone   acting   on  any   lnsured's   behalf   to  perform a  contract   or  agreement	in accordance with its terms.

This exclusion does not apply to the loss of use of other property  arising  out  of  sudden  and accidental	physical injury to Your Product or  Your  Work after  it  has  been  put  to  its  intended use.

WAR  -  To  any   liability  arising,   directly	or  indirectly,	out of:
War,  including   undeclared	or civil war;

Warlike  action  by  a  military  force,   including   action   in  hindering   or   defending   against   an actual   or  expected   attack,   by  any   government,   sovereign   or  other    authority    using   mili­ tary personnel or other agents; or

Insurrection,	rebellion,		revolution,	usurped	power, or action taken by governmental authority   in hindering	or defending against any of these.
POLLUTION

To  any   liability	arising    out   of   the  actual,   alleged	or   threatened,	discharge,	dispersal seepage,    migration,	release or escape of Pollutants:

At or from any premises, site or location which is or was at any time:
Owned or occupied by; or

Rented or loaned to;
any Insured;

At  or  from any premises,	site or location which is or was at any time used by or for:
Any Insured ; or

Others;

for  the  handling,   storage,   disposal,   processing	or treatment of waste;

Which    are   or   were    at  any time   transported,	handled,   stored,   treated,   disposed    of, or  processed	as waste by or for:

Any Insured ; or

Any   person  or  organization	for   whom    you  may   be legally   responsible;	or

At  or  from any premises,	site  or  location  on  which  any   Insured ,  or  any  contractors or  subcontractors	working		directly	or  indirectly	on any lnsured's behalf are per­ forming operations:

If  the   Pollutants   are   brought   on  or  to such  premises,	site  or  location,	in con­ nection   with  such  operations	by  such   Insured , contractor	or  subcontractor;	or

If the operations are detoxify  or  neutralize, Po II uta nts ;

to   test  for,   monitor,	clean   up,   remove,   contain,	treat, or   in   any  way   respond	to,   or   assess   the  effects	of

That are, or that are contained in, any property that is:
Being  transported	or  towed   by,  handled,   or   handled  for  movement	into, onto, or from, any Auto covered by Coverage B;

Otherwise	in the course of transit by or on behalf of any Insured ; or
Being    stored,   disposed	of,  treated   or  processed	in  or  upon  any  Auto  covered by Coverage B;

(a) Before the Pollutants  or  any  property  in which  the  Pollutants  are  contained  are moved  from  the  place  where  they  are   accepted   by  any  Insured  for   movement into or onto any Auto covered by Coverage B; or

(b) After  the  Pollutants  or  any  property  in  which  the  Pollutants  are  contained  are moved  from  any  Auto  covered  by  Coverage  B  to  the   place   where   they   are finally delivered, disposed of or abandoned by any Insured .
To any loss, cost or expense arising out of any:

Request,	demand,   order   or  statutory  or  regulatory	requirement	that any Insured or others:

Test   for,   monitor,    clean    up,  remove,    contain,    treat,   detoxify or  neutralize;	or

In any way respond to, or assess the effects of;
Pollutants; or

Claim   or  suit   by  or  on  behalf   of  a governmental	authority	for damages because of:

Testing   for,  monitoring,	cleaning   up,  removing,	containing,	treating, detoxifying
or  neutralizing;	or

In  any  way  responding	to, or assessing the effects of;

Pollutants.

This  subsection   12.b.   does   not   apply   to   liability   for   damages   because   of   Property Damage   that   the   Insured   would   have   in   the   absence   of   such   request,   demand,    order or  statutory  or  regulatory  requirement,  or  such  claim  or  Suit  by  or  on  behalf  of  a  gov­ ernmental authority.
HOSTILE   FIRE  -  Subsections	a.(1) and a.(4)(a) above do not apply to Bodily Injury or
Property Damage arising out of heat, smoke or fumes from a Hostile Fire .

RECALL  OF   PRODUCTS   -  To  damages    claimed    for   any   loss,    cost   or  expense   incurred	by any   Insured  or  others    for  the  loss   of use,  withdrawal,	recall,   inspection,    repair,	replacement, adjustment,	removal or disposal of:
Your Product;
Your  Work; or
Impaired Property;
if  such   product,    work    or  property  is  withdrawn	or recalled:
From the market; or

From use;

by  any   person   or  organization	because    of  a  known   or  suspected    defect,	deficiency,	inade­ quacy   or  dangerous	condition in ii.

WORKERS  COMPENSATION   AND  SIMILAR   LAWS - To any  obligation	of any Insured under a law of:

Workers compensation;

Disability	benefits;

Unemployment	compensation;	or

Any similar laws.
COVERAGE B - WHO IS AN INSURED
Each of the following is an Insured under Coverage B:

NAMED   INSURED   -  Any   person  or  organization	shown  in  the  Named  Insured   section   of our  Declarations	and:

If  you  are  an  individual,  you  and  your  spouse  are   Insureds,  but  only   with   respect   to  the conduct of a business of which you are the sole owner.

If you are a  partnership  or  joint  venture,  you,  your  members,  your  partners  and  their spouses are Insureds, but only with respect to the conduct of your business.
If  you  are  a  limited  liability  company,   your   members   are   Insureds ,  but   only   with respect to  the  conduct  of  your  business.  Your  managers  are  Insureds , but  only  with respect to their duties as your managers.

If  you   are an  organization	other than a partnership, company,	your    executive    officers  and  directors		are to   their    duties   as   your    officers or  directors.	Your only with respect to their liability as stockholders.

joint venture or limited liability Insureds, but only with respect stockholders are Insureds, but

If  you  are  a trust,  your  trustees  are  Insureds,  but  only   with   respect   to  their   duties as trustees.

NEWLY   ACQUIRED	OR  FORMED   ORGANIZATIONS	-  Any   organization	you acquire or form   during    our   Policy    Period    other   than a partnership,	joint venture or limited liability company.	But Coverage B applies only:

If  you  maintain   majority	ownership	or   majority    interest    in such   organization;	and

To  an  injury,   damage   or   Occurrence,  that   took   place   or was  committed	after you acquired or formed the organization.

SUBSIDIARIES	- Any   subsidiary	you   wholly    own,  either   directly	or  indirectly,	at the in­ ception of our policy.

REAL   ESTATE  MANAGERS    -  Any   person    or  any  organization	while acting as your real estate manager.

CUSTODIANS    -  Any   person   or   organization	having   proper   temporary	custody	of your property	if you die, but only:

With  respect   to  liability   arising   out  of the  maintenance	or use of that property; and

Until   your   legal   representative	has been appointed.

LEGAL   REPRESENTATIVES-    Your   legal    representative	if  you  die,  but  only  with   respect to their duties as such.

Your    Volunteer   Workers   but  only while   performing	duties related to the conduct of your business,	or your Employees, other than:

Your    Executive  Officers   (if   you   are an  organization	other   than   a  partnership,	joint venture or limited liability company); or

Your managers (if you are a limited liability company);

are   Insureds ,  but   only   for   acts   within   the   scope    of their   employment	by you or while performing	duties related to the conduct of your business.

However, none of these Employees or Volunteer Workers are Insureds for injury:

To you;

To  your   partners    or   members    (if  you   are a partnership	or joint venture);

To your members (if you are a limited liability company);

To  a  co- Employee   while   in  the   course   of  his   or her   employment	or  performing	du­ ties related to the conduct of your business;

To  your   other    Volunteer   Workers  while   performing	duties related to  the  conduct  of your business;

To  the  spouse,  child,  parent,  brother  or  sister   of  that   co- Employee   or   Volunteer Worker    as a consequence	of  subsections	(a) through (e) above;

For   which   there   is   any   obligation	to  share  damages  with   or  repay   someone   else who   must   pay   damages   because    of  the injury   described	in  subsections	(a) through
(f) above; or

Arising	out   of  his   or her  providing	or   failing  to  provide	professional	health care services.
The following	persons  and  organizations	are not Insureds under Coverage B:

No  person or  organization	is an Insured with respect to  the  conduct  of any  current,  past  or newly acquired or formed:
Partnership;
Joint venture; or
Limited liability company;
that is not shown as a Named Insured in our Declarations.
COVERAGE B - LIMITS OF INSURANCE
The  Limits  of  Insurance  shown  in the  Declarations  and  the terms  below   fix the  most  we will   pay regardless of the number of:

Coverages  provided	by this policy;
Insureds;
Claims made or Suits brought; or

Persons  or organizations	making claims or bringing Suits.

OCCURRENCE  LIMIT  - The  "each  occurrence"   limit  shown   in  our   Declarations   is  the  most we will pay under  Coverages  A  and  B  combined,  for  the  sum  of  damages  and  Covered Pollution Cost or Expense arising out of any one Occurrence.

Any amount we pay for damages or Covered Pollution Cost of Expense arising  out  of  an  Occurrence    will   reduce   or  exhaust   the  amount   of our  applicable	aggregate	Limit of Insur­ ance  available  for  payment   of  damages   or   Covered   Pollution  Cost  or   Expense  arising   out of any other Occurrence.

AGGREGATE LIMIT - The Limit  of Insurance  shown  in  our  Declarations  as  "aggregate"  is the most we will pay under Coverage B, and applies separately for each of the following:
GENERAL   AGGREGATE   - Our  aggregate	limit is the most we will pay for the sum of  damages   except   for damages  under	subsections	b. and c. below.

PRODUCTS AND COMPLETED OPERATIONS  AGGREGATE  - Our  aggregate  limit  is  the most	we   will	pay   for   damages	included	in the Products-Completed Operations Hazard.

OCCUPATIONAL DISEASE AGGREGATE - Our aggregate limit is the most we will pay for damages arising out of injury by disease to your officers or Employees.

POLICY PERIOD EXTENSIONS - The Limits of Insurance each consecutive annual period and to  any  remaining  months, starting with the  beginning  of  the  Policy  Period ever, if we extend our Policy  Period  after  this  policy additional  period  as part  of the  last  preceding   period   for  of Insurance.

of  this   policy apply   separately	to period	of   less  than  twelve	(12) shown   in the Declarations.	How­ is  issued,	we  will  consider		the purposes  of determining	the Limits

SAME BASIS DEFENSE EXPENSES - If the limits of Insurance of any Primary Insurance or
Other   Insurance	are   reduced   by defense  expenses	by the terms of that policy then any

defense	expense	payments	we   make   to   defend    any   Insured   will   reduce	our applicable Limits of Insurance in the same manner.

SECTION 111. SUPPLEMENTARY PAYMENTS

When  we  have  the  duty  under  this  policy  to  defend  any  Insured  against  any   Suit,  we   will   pay  the following  expenses  in  addition  to  our  Limit  of  Insurance  to  the  extent  that   they   are   not   covered   by Primary Insurance or Other Insurance by the terms of that insurance:

Costs taxed against any Insured in the Suit.

Up  to  $2000  for   cost   of  bail bonds   required.	We do not have to furnish these bonds.

The  cost   of  bonds   to  release   attachments,	but  only  for  bond   amounts   within   our  applicable   Limit of  Insurance.	We do not have to furnish these bonds.

Reasonable expenses incurred by any Insured when we request the Insured to assist us in  the investigation  of the  claim   or  defense   of the  Suit.  This  includes   actual  loss  of earnings   up  to  $500 a day, because of time off from work.

Prejudgment	interest  awarded  against  any  Insured  on  that   part   of  the   judgment   we  pay.   If  we make   an  offer   to  pay  the  applicable    Limit    of  Insurance    we  will   not  pay  any  prejudgment	interest based on that period of time after the offer.

All  interest  on  the  full  amount  of  any  judgment  that  accrues  after   entry   of  the  judgment   and before we  have  paid,  offered  to  pay,  or  deposited  in  court  the  part  of the  judgment  that  is  within our applicable Limit of Insurance.

SECTION IV. CONDITIONS

APPEALS - If  any   Primary   Insurer   elects   not  to  appeal   a  judgment   in  excess   of  the  amount   of the  Primary  Insurance   or   Other   Insurance ,  we  may   elect   to  appeal.   If  we   appeal,   we   will   pay the expenses of such appeal. Such payments will not reduce our Limits of Insurance.
BANKRUPTCY

Bankruptcy or insolvency of any Insured or  lnsured's  estate  does  not  relieve  us  of our  ob­ ligations under this policy.

If  any   Primary    Insurer   becomes    bankrupt  or  insolvent,	this policy:

Does   not  replace   such   Primary	Insurance ; and

Applies as though such Primary Insurance were available and collectible.
CANCELLATION

The  First  Named  Insured  may  cancel   this   policy   by   mailing   or   delivering   advance   written notice  to  us,  or  the  agent   or  broker   of  record.   The   Policy   Period   will   end   on  the   effective date requested.

We  may  cancel  this  policy  by  mailing  by  first  class   or   certified   mail   to  the   First  Named   In­ sured  and  to  the  agent   or  broker   of  record,   at  their   last   addresses   known   to  us,  written   no­ tice of cancellation stating the reason for cancellation, at least:

Ten   (10)  days    before    the   effective    date of  cancellation	if   we   cancel  for   nonpayment	of premium; or

Ninety    (90)   days    before  the   effective	date   of  cancellation	if we cancel for any other
reason.

Notice   of cancellation	will   state   the  effective    date  of cancellation.	The Policy  Period  will  end on the date of cancellation.

If  this   policy   is  cancelled,	we   will    send   the   First   Named   Insured any   premium	refund due.

If we cancel, the refund will be pro rata unearned premium.

If the First Named Insured cancels, the refund may be less than pro rata.

The  cancellation	will be effective even if we have not made or offered a refund.

A post  office  certificate  of mailing  or  a certified   mail  receipt   will  be  sufficient   proof  of mailing  of notice.
CHANGES - The  First  Named  Insured  is  authorized  to  make  changes  in  the  terms   of this  policy with  our  consent.  This  policy's  terms   can  be  amended   or  waived   only   by  a written   endorsement issued by us and made a part of this policy.
CONFORMITY  WITH LAWS - Any  terms  of  this  policy  which  are  in  conflict  with  the  laws  of the state or Canadian province where this policy is issued are amended to conform to such laws.
DUTIES OF INSUREDS IN THE EVENT OF OCCURRENCE, CLAIM OR SUIT
You must see to ii that:

We are notified as soon as practicable:

Of  any  Occurrence  which  may  result  in  a claim   under   this  policy,   when   the   Occurrence is known to:

You, if you are an individual;

Your partner, if you are a partnership;

Your member, if you are a joint venture;

Your member or manager, if you are a limited liability company; or

Your   officer    or  insurance    manager,    if  you   are an  organization	other than a partner­ ship or joint venture; and

If a claim is made or Suit is brought against any Insured .

Insureds:

Cooperate	with    us   in the  investigation	or   settlement	of any claim, or defense of any
Insured against any Suit;

Enforce    any  right,    upon   our   request,    against    any   person or  organization	which may be liable to any Insured because of injury or damage to which this policy applies; and

Make   no  admission	of  liability,	incur no expense other than first aid, and  assume  no  obligation,	without our consent.

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In jurisdictions		in  which    we  are  prevented		from   investigating,	defending		or settling  a  claim, or  defending		any Insured against any Suit, you must  make  or  cause  to  be  made  such  in- vestigation,	defense    or  settlement	as  may   be  reasonably	necessary.	However, settlement requires	our   prior   written   authorization.	Also, you must see to  ii  that  Insureds  continue  to comply with their duty to cooperate in the defense.
MAINTENANCE OF PRIMARY INSURANCE
While this policy is in effect you agree:

To  maintain   Primary   Insurance   in  full  force,   except   for  the  reduction   of  limits   of  insurance   due   to  the   payment  of  judgments	or settlements;

The  terms  and conditions	of  Primary   Insurance  will  not materially	change; and

Renewals    or  replacements	of  Primary    Insurance   will   not  materially	change from the  expir­ ing Primary Insurance.

If  you   fail   to  comply   with   the  above   this   policy    shall   apply   as if  Primary	Insurance had been so maintained.

PAYMENT OF LOSS UNDER THIS POLICY - This policy will not apply until the Insured or  the Primary  Insurer  is  obligated  to  pay   the   full   amount   of  the   Primary   Insurance  limits   of  insurance. When   the   amount    of  judgment   or  settlement	has   finally   been   determined,	we  will  promptly  pay on behalf of the Insured the amount of damages which falls within the terms of this policy.
PREMIUM

The First Named Insured :

ls  responsible	for  the   payment    of all  premiums;	and

Will be the payee for any return premiums.
The Advance Premium for this policy is  shown  in  the  Declarations. justment	unless	the   Basis  of  Premium	shown	in the Declarations charge".

It  is  not  subject  to  ad- is   other   than:	"flat

If   the   Advance    Premium    is   subject  to  adjustment,	the  earned   premium	will be determined at  the   end   of  our Policy   Period.	If the earned premium is:

More  than   the   Advance   Premium,   the   First   Named   Insured   will   pay   the   excess   to  us; or

Less  than  the  Advance  Premium,  we  will  return  to  the   First   Named   Insured   the   un­   earned  portion.  However,   the   earned   premium   is  subject   to   the   Annual   Minimum   Pre­ mium shown in our Declarations for each twelve (12) months of our Policy Period.
TITLES OR CAPTIONS  - The  titles   or   captions   used   in  this   policy   are  solely   for   convenience or   reference.	They   do  not   affect  the  provisions	to which they relate.
TRANSFER OF YOUR RIGHTS AND DUTIES UNDER THIS POLICY - Your rights and duties under   this  policy   may  not  be transferred	without   our  written  consent.	If you die, your rights and duties	are  transferred	to  your   legal  representative	but only while they  are  acting  within  the scope  of  their  duties  as  such.   Until   one  is  appointed,   anyone   having   proper   temporary   custody of your property will have your rights and duties with respect to that property.

540010-03	Page 18 of 28

SUBROGATION
If  any  Insured  has  rights  to  recover  all  or   part   of  any  payment   we  make   under   this   policy, those   rights   are   transferred    to  us.   The   Insured  must   do  nothing    after   loss   to  impair   them. At  our  request,  the  Insured  will  bring  Suit or  transfer  those   rights   to  us  and  help   us  enforce them.
Any  recoveries	shall   be  distributed	as follows:

First, we shall be entitled to recover to the extent of our payment; and

Next,   any  remaining	amounts  shall   be  paid   to  the   Primary   Insurers   or  any   other   party to the extent of their payment.

The  expenses	of  the  recovery	will  be  distributed	in  proportion		to the share of each party's  recovery.	But,  if  we  conduct   the recovery   proceedings	by ourselves:
We will pay all expenses; and

If  we   make   a  recovery,    we   will   be  reimbursed	in full from the recovery for our  ex­ penses before the recovery is distributed.
OTHER INSURANCE.- If there is any  Other  Insurance  available  to  any  Insured, this  policy  ap­ plies   excess   of  and  does not contribute	with such Other Insurance . However:

At  your  option,  our  policy  will  apply  before  Other  Insurance  applies  when   you  agree   in  a written  Insured  Contract  prior  to  the  time  of  an  Occurrence  that  such  insurance   as  is   af­ forded by this policy will apply in that manner.

This  does  not  apply  if  the   Other   Insurance   is   specifically   written   to   be   excess   over   this policy.

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:

As if each Named Insured were the only Named Insured ; and
Separately	to each Insured against whom claim is made or Suit is brought.
INSPECTION AND AUDIT
We have the right but not the duty to:

Make   inspections	and surveys at any time;

Give   you   reports    on the  conditions	we find; and

Recommend	changes.

Any  inspections,	surveys, premiums	to be charged.

reports or  recommendations We do not:

relate   only  to insurability	and the

Make safety inspections;

Undertake	to   perform    the   duty   of  any   person  or  organization	to  provide  for  the   health or safety of workers or the public; or

Warrant	that  conditions	are:

Safe or healthful; or

540010-03

Page 19 of 28

Comply    with  laws,   regulations,	codes or standards.
This  condition	applies:

To us; and

To  any  rating,   advisory,	rate   service   or  similar	organization,	which makes insurance inspections,	surveys, reports or recommendations.

We may examine and audit your books and records as they relate to this policy:

At any time during our Policy Period; and

Up to one hundred eighty (180) days afterward.
UNINTENTIONAL FAILURE TO DISCLOSE - If you unintentionally	fail to disclose to us all of:
Your Products;

Your Work; or
Property owned or used by you;

which    exist   at the  inception	date  of  this  policy,  we  will  not  deny  coverage  under  this  policy   be­ cause of such failure.

WAIVER OF SUBROGATION SAME AS PRIMARY - If you  and  the  Primary  Insurer, prior  to the  time  of  an  Occurrence, waive  any  right  of  recovery  against   a specific   person   or  organization for injury or damage, we will  also  waive  any  rights  we  may  have  against  such  person  or  or­ ganization.

SECTION V. NUCLEAR ENERGY LIABILITY EXCLUSION

The policy does not apply:

Under    any   coverage,    to injury,   sickness,	disease, death or destruction:

With respect to which any Insured  under  this  policy  is  also  an  insured  under  a nuclear energy liability policy issued by:

Nuclear   Energy   Liability   Insurance	Association;

Mutual    Atomic    Energy  Liability   Underwriters;	or

Nuclear   Insurance   Association	of Canada;

or  would    be  insured   under   any  such   policy    but  for its  termination	upon exhaustion of its limit of liability; or

Resulting	from   the  "Hazardous	Properties"	of  "Nuclear	Material"	and with respect to which:

Any   person   or  organization	is   required    to   maintain  financial   protection	pursuant to the   Atomic   Energy   Act   of  1954,  or  any law  amendatory	thereof; or
Any  Insured  is,  or  had  this  policy  not   been   issued   would   be,   entitled   to   indemnity from  the  United  States  of  America,  or   any   agency   thereof,   under   any   agreement entered  into  by  the   United   States   of  America,   or  any  agency   thereof,   with   any   per­ son or organization.

540010-03	Page 20 of 28

Under  any  liability	coverage,	to mJury,	sickness,	disease,   death  or  destruction	resulting from the "Hazardous		Properties"	of "Nuclear  Material",	if:
The "Nuclear Material":

Is  at  any "Nuclear   Facility"	owned by, or operated by or on behalf of, any Insured,
or
Has been  discharged	or dispersed therefrom;
The  "Nuclear  Material"	is contained in "Spent Fuel" or "Waste" at any time  possessed, handled,   used,   processed,	stored,  transported	or  disposed	of, by or on behalf of any Insured; or

The  injury,  sickness,	disease,   death  or destruction	arises   out  of the  furnishing	by any Insured   of  services,	materials,	parts  or  equipment		in  connection	with the planning, construction,	maintenance,	operation	or  use  of  any "Nuclear  Facility".		But if such facil­ ity  is  located   within   the  United   States   of  America, its  territories	or  possessions		or Ca­ nada,  subsection	c. applies   only  to  injury   to or destruction	of property at such "Nuclear Facility".
As used in this exclusion:
"Hazardous	Properties"	includes  radioactive,	toxic  or explosive	properties.
"Nuclear	Material"	means   "Source	Material",	"Special	Nuclear	Material"	or "By-Product Material".

"Source  Material",	"Special  Nuclear	Material",	and "By-Product	Material"		have the meaning given  them   in  the  Atomic   Energy   Act  of 1954 or  in  any law  amendatory	thereof.
"Spent   Fuel"   means   any  fuel   element   or fuel  component,	solid or liquid, which has been  used or exposed to radiation in a "Nuclear Reactor".
"Waste" means any material which:
Contains "By-Product  Material"  other  than  the  tailings  or  wastes  produced  by  the  ex­ traction   or  concentration   of  uranium   or  thorium,   from   any  ore  processed   primarily    for its Source Material content; and

Results   from  the  operation	by  any  person  or  organization	of any "Nuclear Facility" in­ cluded under a. and b. of the definition of "Nuclear Facility".
"Nuclear  Facility"	means:
Any "Nuclear Reactor";
Any  equipment	or device designed or used for:
Separating the isotopes of uranium or plutonium;

;

Processing	or  utilizing   "Spent   Fuel11        or
Handling,  processing	or packaging "Waste";
Any  equipment  or  device  used  for   processing,   fabricating   or  alloying   of  "Special   Nu­ clear Material" if, at any time,  the  total  amount  of  such  material  in  the  custody  of  any Insured  at  the  premises  where  such  equipment  or  device  is  located   consists   of  or contains more than 25 grams of:
Plutonium;	or

540010-03	Page 21 of 28

Uranium 233; or

any   combination	thereof, or more than 250 grams of uranium 235;

d.	Any   structure,	basin,    excavation,	premises	or  place,  prepared   or  used   for   the   storage or disposal of 'Waste";

and includes:

The site on which any of the foregoing is located;

All  operations	conducted	on such site; and

All premises used for such operations.

"Nuclear Reactor" means any apparatus designed or used to:

Sustain   nuclear   fission   in  a self-supporting	chain reaction; or

Contain   a  critical   mass  of fissionable	material.

With   respect    to   injury    to or   destruction	of   property,    the  words   "injury"	or  "destruction"	in­ clude    all  forms   of radioactive	contamination	of property.

SECTION VI. DEFINITIONS

ADVERTISEMENT  under  Coverage  B,  means  a  notice  that  is  broadcast   or   published   to  the general  public  or   specific   market   segments   about   your   goods,   products   or   services   for   the  purpose of attracting customers and supporters. For the purposes of this definition:

Notices that are broadcast  or  published  include  material  placed  on  the  Internet  or  on  similar electronic	means    of  communication;	and

Regarding  web-sites,  only  that  part  of  a  web-site  that  relates  to  your  goods,  products  or services for the  purposes  of  attracting  customers  or  supporters  is  considered  an  Adver­ tisement.
ASBESTOS under  Coverages  A  and  B,  includes  but  is  not  limited   to:   asbestos,   asbestos   pro­ ducts, asbestos fibers, asbestos dust, and asbestos contained in products or materials.
AUTO under   Coverage   B,  means   a land   motor   vehicle,   trailer,   or  semitrailer   designed    for  travel  on  public  roads,   including   any   attached   machinery   or   equipment.   But   Auto  does   not   include Mobile Equipment.
BODILY INJURY  under  Coverage  B,  means  bodily  injury,  sickness   or  disease   sustained   by  a  person  including   death   or  mental   anguish   resulting   from   any   of  these   at  any   time.   Mental   an­ guish means any type of mental or emotional illness or disease.
COVERED POLLUTION COST OR EXPENSE under Coverage A, means any cost or  expense arising out of any:

Request,	demand,    order    or  statutory  or  regulatory	requirement;	or

Claim   or   Suit  by  or  on  behalf    of a governmental	authority;

demanding	that  the  Insured  or others  test  for, monitor,  clean  up, remove,  contain,   treat,  detoxify  or  neutralize,	or in any way respond to, or assess the effects of Pollutants.

Covered Pollution Cost or Expense  does  not  include  any  cost  or  expense  arising  out  of  the  ac­ tual,  alleged  or  threatened  discharge,  dispersal,  seepage,  migration,  release  or  escape   of Pollutants:

That are, or that are contained in any property that is:

Being	transported	or  towed    by,   handled,    or   handled   for   movement	into, onto or from, any Auto covered by this policy;

Otherwise	in the course of transit by or on behalf of any Insured ;

Being   stored,   disposed	of,   treated   or  processed	in or upon any Auto covered  by  this policy;

Before    the    Pollutants,  or   any   property    in   which    the    Pollutants are   contained,	are moved from    the   place   where    they  are   accepted	by   any   Insured  for   movement	into or onto any Auto covered by this policy; or

After  the  Pollutants,  or  any   property   in  which   the   Pollutants  are   contained,   are  moved   from  any   Auto  covered   by  this   policy   to  the  place    where    they   are   finally   delivered,    disposed    of or abandoned by any Insured.

Subsection 1. above does not apply to fuels, lubricants,  fluids,  exhaust  gases  or  other  similar Pollutants, that are needed for or  result  from  the  normal  electrical,  hydraulic  or  mechanical  functioning of any Auto covered by this policy, or its parts, if:

The    Pollutants   escape,    seep,    migrate,    or  are   discharged,	dispersed	or   released	directly from   an   Auto part   designed	by  its  manufacturer	to hold, store, receive or dispose of such Pollutants; and

The  Bodily  Injury ,  Property  Damage  or   Covered   Pollution  Cost  or   Expense  does   not   arise out  of  the  operation  of  any   equipment   listed   in   subsections   6.b.   or   c.  of  the   definition   of Mobile Equipment.

Subsections  2. and  3. above  do  not  apply  to  Occurrences  that  occur  away  from  premises   owned by or rented to any  Insured  with  respect  to  Pollutants  not  in  or  upon  any  Auto covered  by  this policy if:

The   Pollutants  or   any   property   in  which   the   Pollutants  are   contained   are  upset,    overturned or   damaged    as  a  result    of the  maintenance	or use of any Auto covered by this policy; and
The   discharge,    dispersal,	seepage,   migration,	release or escape of the Pollutants is caused directly by such upset, overturn or damage.
FIRST  NAMED INSURED under    Coverages    A  and  B,  means   the  person  or  organization	shown first in the Named Insured section of our Declarations.

HOSTILE FIRE under   Coverages   A and  B, means   one  which becomes  uncontrollable	or breaks out from where it was intended to be.

IMPAIRED  PROPERTY under    Coverage    B,  means  tangible   property,	other than Your Product
or Your Work, that cannot be used or is less useful because:

It   incorporates	Your  Product  or  Your  Work  that  is  known  or  thought  to  be   defective,   defi­ cient,    inadequate	or  dangerous;	or

You  have   failed   to  fulfill   the  terms   of  a contract   or   agreement;  if such property can be restored to use by:

The  repair,    replacement,	adjustment	or removal of Your Product or Your Work; or

Your fulfilling the terms of the contract or agreement.
INSURED CONTRACT under Coverage B, means:
A  contract  for  a  lease  of  premises.  However,   that   portion   of   the   contract   for   a  lease   of premises  that   indemnifies   any   person   or  organization   for  damage   by  fire   to  premises   while rented  to   you   or   temporarily   occupied   by   you   with   permission   of   the   owner   is   not   an Insured Contract;

A sidetrack	agreement;

Any   easement    or   license   agreement,	except   in  connection	with   construction	or demolition operations	on or within 50 feet of a railroad;

An  obligation,	as  required   by  ordinance,	to  indemnify	a municipality,	except in connection with work for a municipality;

An  elevator  maintenance	agreement;

That   part   of  any   contract  or  agreement		pertaining	to  your   business   (including	an indemnifi­ cation    of a municipality	in  connection	with   work   performed	for  a municipality)		under which you    assume    the  tort  liability	of another to  pay  for  Bodily  Injury,  Personal  and  Advertising Injury   or   Property   Damage   to  a third   person or organization.		"Tort  liability"  means  a  liability that would be imposed by law in the absence of any contract or agreement.

This   subsection	6. does not include that part of any contract or agreement:

That  indemnifies   a  railroad   for   liability   arising   out   of   construction   or   demolition   oper­ ations,  within  50 feet  of  any  railroad  property  and  affecting  any  railroad   bridge   or  trestle, tracks, roadbeds, tunnel, underpass or crossing;

That   indemnifies	an  architect,   engineer	or surveyor for injury or damage arising out of:

Preparing,	approving,	or failing to prepare  or  approve,  maps,  shop  drawings,  opin­ ions,   reports   surveys,   field   orders,   change   orders   or  drawings	and specifications; or

Giving   directions	or  instructions,	or  failing  to  give  them,  if  that  is  the  primary   cause  of the injury or damage; or

Under  which  the  Insured ,  if  an  architect,   engineer   or   surveyor,   assumes   liability   for  an injury    or  damage    arising    out  of  the lnsured's  rendering	or failure to render professional services,	including	those    listed   in   b.  above   and   supervisory,	inspection,	architectural or  engineering	activities.
MOBILE EQUIPMENT under  Coverages  A  and  B,  means  any  of  the  following  types  of  land  ve­ hicles,    including	any   attached   machinery	or equipment:

Bulldozers,	farm   machinery,	forklifts	and   other   vehicles	designed	for   use   principally	off public roads;

Vehicles   maintained	for  use  solely   on  or  next to premises	you own or rent;
Vehicles that travel on crawler treads;

Vehicles,   whether   self-propelled	or not,  maintained	primarily	to  provide  mobility	to perma- nently mounted;

540010-03	Page 24 of 28

Power cranes, shovels, loaders, diggers or drills; or

Road    construction.   or  resurfacing	equipment	such as graders, scrapers or rollers;

Vehicles   not   described   in   subsections   1.,  2.,  3. or  4.  above    that   are   not   self-propelled    and are  maintained   primarily   to   provide   mobility   to   permanently   attached   equipment   of  the  fol­ lowing types:

Air compressors,
ing, geophysical

pumps  and  generators,	including	spraying,	welding,	building clean­ exploration,	lighting   and  well  servicing	equipment;	or

Cherry pickers and similar devices used to raise or lower workers.
Vehicles	not  described	in  subsections	1., 2.,  3.  or  4. above  maintained	primarily		for pur­ poses   other   than the  transportation	of  persons  or cargo.	However,   self-propelled	vehicles with   the  following   types  of permanently		attached  equipment	are not Mobile Equipment  but will  be considered	Autos:

Equipment	designed	primarily	for:

Snow removal;

Road  maintenance,	but  not  construction	or  resurfacing;	or

Street cleaning;

Cherry    pickers    and   similar   devices   mounted	on  automobile	or  truck  chassis  and  used to raise or lower workers; and

C. Air compressors,
ing, geophysical

pumps  and  generators,	including	spraying,	welding, exploration,	lighting   or well  servicing	equipment.

building clean-

NAMED INSURED under    Coverages    A  and   8,  means    any   person  or  organization	shown in the Named Insured section of our Declarations.
OCCURRENCE:

Under  Coverage  A,  has  the  same  meaning  as  has   the   term   "occurrence"  Primary  Insurance.   But   with   respect   to   personal   and   advertising   injury Primary Policies, the term means a personal and advertising injury offense.

contained	in
as   defined  in

Under Coverage B, means an accident, including stantially	the same general harmful conditions. Injury, the term means an offense which causes

continuous  or  repeated  exposure   to  sub­ With respect to  Personal  and  Advertising such injury.

OTHER  INSURANCE under   Coverages	A   and   8,  means   insurance	that   is   available	to any
Insured and covers damage to which this policy applies, other than:
Primary Insurance; or

Insurance	that   is  specifically	purchased	by   you   to  be   excess   of the  insurance	afforded by this policy.

PERSONAL  AND ADVERTISING INJURY under    Coverage   B,  means   injury,   including	conse­ quential    Bodily  Injury,  arising    out  of  one   or   more    of the  following	offenses:
False arrest, detention or imprisonment;
Malicious	prosecution	or abuse of process;

540010-03	Page 25 of 28

The wrongful  eviction of a room, dwelling landlord or lessor;

from,   wrongful   entry   into,   or  invasion   of the  right   of  private   occupancy or   premises	that   the   person   occupies	by or on behalf of its owner,

Oral  or written  publication,	in any manner, of material that:
Slanders    or  libels    a  person    or organization;

Disparages	a  person's  or  organization's	goods,   products   or  services;  or

Violates a person's right of privacy;

The  use of another's	advertising	idea in your Advertisement;

Infringing	upon  another's	copyright,	trade dress or slogan in your Advertisement; or

"Discrimination" when based solely on  either  disparate  impact  or  vicarious  liability  (unless insurance  thereof  is  prohibited  by  law).  As  used  in  this   definition   N,  the  term   "discrimi­ nation"  means  the  unlawful  treatment  of  individuals  based   on  race,  color,   religion,   gender, age, or national origin.
POLLUTANTS under   Coverages   A  and  B,  means   any  solid,   liquid,   gaseous    or   thermal    irritant or   contaminant,   including   smoke,   vapor,   soot,   fumes,    acids,    alkalis,    chemicals,    and    waste. Waste includes materials to be recycled, reconditioned or reclaimed.
PRIMARY INSURER under	Coverages	A and B, means the insurer of the Primary Insurance
or Other Insurance policies.
PRIMARY  POLICY, PRIMARY POLICIES or PRIMARY INSURANCE under  Coverage  A  and B, means the policy or policies of insurance shown in our Schedule of Primary Insurance.
PRODUCTS-COMPLETED OPERATIONS HAZARD  under  Coverage  B,  includes  all  Bodily Injury  and  Property  Damage   occurring   away   from   premises   you  own   or  rent   and  arising   out  of Your Product or Your Work except:

Products   that  are  still   in  your physical  possession;	or
Work   that   has   not   yet been   completed	or abandoned.
Your   Work  will    be deemed   completed	at the earliest of the following times:

When all of the work called for in your contract has been completed;

When   all   of  the   work    to  be   done   at  the   site   has been   completed	if your contract calls  for work at more than one site; or

When  that  part  of  the  work  done   at  a job   site  has  been   put  to  its  intended   use  by  any  person  or   organization	other    than   another    contractor  or  subcontractor	working on the same project.

Work   that   may   need   service,   maintenance,	correction,	repair	or  replacement,	but which is oth­ erwise    complete,	will be treated as completed.
PROPERTY DAMAGE under Coverage B, means:
Physical   injury   to tangible   property,	including   all  resulting    loss   of  use  of that  property.	All such  loss  of  use  shall  be  deemed  to  occur   at  the  time  of the  physical   injury   that  caused   it; or

Loss   of  use   of  tangible    property    that   is not  physically	injured.	All such loss of use shall be deemed to occur at the time of the Occurrence that caused it.

5400 10-03	Page 26 of 28

For   the  purposes    of  this  insurance,   "electronic	data" is not tangible property.

As  used  in  this  definition,  "electronic   data"   means   information,   facts   or  programs   stored   as  or on, created or used on,  or  transmitted  to  or  from  computer  software,  including  systems  and applications  software,  hard  or  floppy  disks,  CD-ROMS,  tapes,  drives,  cells,   data  processing   de­ vices or any other media which are used with electronically controlled equipment.
SUIT under	Coverages    A  and   B,   means    a civil   proceeding	in which damages  insured  by  this policy   are  alleged.	The term includes:

An  arbitration	proceeding	in which such damages are claimed and to which any Insured
must submit or does submit with our consent; or

Any  other  alternative	dispute   resolution	proceeding	in which such  damages  are  claimed and to which any Insured submits with our consent.
YOUR PRODUCT under Coverage B, means:

Any   goods   or  products,	other    than  real  property,	manufactured,	sold,  handled,  distributed or disposed of by:

You;

Others trading under your name; or

A  person   or  organization	whose	business or assets you have acquired; and

Containers	(other    than  vehicles),   materials,	parts   or equipment	furnished   in  connection	with such goods or products.
Your Product includes:

Warranties	or  representations	made at any time as respects the fitness, quality, durability, performance		or use of Your Product; and

The  providing   of  or  failure   to provide   warnings	or instructions.

Your   Product   does   not   include  vending   machines	or  any  other  property  rented  to  or  located   for the use of others but not sold.
YOUR WORK under Coverage B means:

Work   or  operations	performed	by you or on your behalf; and

Materials,	parts   or  equipment	furnished	in  connection	with such work or operations.

Your Work includes:

Warranties	or   representations	made at any time as respects the fitness, quality, durability, performance		or use of Your Work; and

The   providing    of  or  failure    to  provide    warnings    or instructions.

W_  EMPLOYEE under   Coverage	B,  includes	a   Leased   Worker.	Employee    does   not   include	a
Temporary Worker.

X. EXECUTIVE OFFICER under  Coverage  B,  means  a  person  holding  any  of  the  officer  positions created    by   your  charter,   constitution,	by-laws    or  any   other  similar   governing	document.

540010-03	Page 27 of 28

LEASED WORKER under  Coverage  B,  means  a  person   leased   to  you   by  a  labor   leasing firm

the

under  an agreement	between you and the labor leasing firm, to perform duties related to

conduct    of your   business.	Leased   Worker   does   not   include  a Temporary	Worker.

TEMPORARY WORKER under	Coverage    B,  means    a  person   who   is  furnished	to you to sub-
stitute   for  a permanent	Employee  on   leave    or   to  meet    seasonal  or  short-term	workload condi-
tions.
AA. VOLUNTEER WORKER under Coverage B, means a person who is not your Employee,
and
who   donates    his  or  her   work   and   acts   at the  direction	of and within the scope of  duties deter-
mined   by   you,   and   is   not   paid   a  fee,   salary    or other   compensation	by you or anyone else
for
their   work   performed	for you.

To  show  that  we  agree  with  the  terms   of  this   policy,   we   have   had   it   signed   by   our   President and
Secretary.	But  where  countersignature	is  required	by law, it shall not bind  us  unless  it  has been
countersigned	on the  Declarations	Page by one of our authorized agents.

 	'P
Secretary

d0= 1J. 1n: t
President

540010-03	Page 28 of 28

0000267808
8/01/2012
CNF

J. Bryant Steele
AON RISK SERVICES - CENTEX
3000 Town Center, Suite 3000 Attn: Lynn Forkey/Bryant Steele Southfield, MI 48075

Fax Number:	248-359-6066
Phone Number:  248-936-5226

CNF Standard Policy Letter Kit

MGONl

We've Got Community
Associations Coveretl

15303 Ventura Blvd. 12th Floor, Sherman Oaks, CA 91403 (8()0)621-2324 fax (866)229-3754 / www.ihginsurance.com

5/03/2012

J. Bryant Steele
AON RISK SERVICES - CENTEX
3000 Town Center, Suite 3000 Attn: Lynn Forkey/Bryant Steele Southfield, MI 48075

RE: BRIDGETOWN AT PLANTATION
Continental Insurance Company Fidelity and Crime Policy PolicyNo.:	0251241940
Policy Period: 8/01/2012 to 8/01/2013

Dear J. Bryant Steele:
Thank you for your interest in the Ian H. Graha m Insurance Non Profit Community Association Insurance Program. We at Ian H. Graham Insurance look forward to serving you.

We are pleased to enclose the Fidelity and Crime Policy you requested on behalf of the above captioned Community Association. Please review the policy carefully to confirm that it accurately reflects the coverages, limits and effective dates requested.

We also enclose an invoice for the premium due. The premium is due immediatelyupon receipt of the policy and invoice. Please remit payment in full. Failure to remit payment may result in cancellation pursuant to the terms and conditions of the policy.

If you have any questions or comments, or ifwe can be of further assistance with respect to this or any other matters, please feel free to contact us.

Very truly yours,
Ian H. Graha m Insurance

-m ¥
Martha Gonzales Underwriter

Community Association Policy
NOTICE:

Declarations

WITH RESPECT TO ASSOCIATION LIABILITY COVERAGE PART, THIS IS A CLAIMS MADE POLICY AND, SUBJECT TO ITS PROVISIONS, APPLIES ONLY TO ANY CLAIM FIRST MADE AGAINST THE NAMED ENTITY INSUREDS DURING THE POLICY PERIOD, NO COVERAGE EXISTS FOR CLAIMS FIRST MADE AFTER THE END OF THE POLICY PERIOD UNLESS, AND TO THE EXTENT THAT, THE EXTENDED REPORTING PERIOD APPLIES.
THE CRIME COVERAGE PART APPLIES TO A COVERED LOSS SUSTAINED RESULTING FROM ACTS OR EVENTS OCCURRING DURING THE POLICY PERIOD UNLESS CERTAIN CONDITIONS CONCERNING PRIOR INSURANCE ARE MET.
DEFENSE COSTS INCURRED UNDER COVERAGE PARTS A REDUCE THE LIMIT OF LIABILITY AND ARE SUBJECT TO THE RETENTION, PLEASE REVIEW THE POLICY CAREFULLY AND DISCUSS THE COVERAGE WITH YOUR INSURANCE AGENT OR BROKER.

BRIDGETOWN AT PLANTATION HOMEOWNERS ASSN.
c/o Landarc
2391 PONTIAC ROAD
A\,lburn Hills, Ml 4832_6

BRIDGETOWN AT PLANTATION HOMEOWNERS ASSN.
12950 KENTFIELD LANE
Ft Myers, Fl 33913

Continental Casualty Company CNA Plaza, Chicago, IL 60685

Item 2.

Policy Period:	8/01/2012	to	8/01/2013 12:01 a.m. local time at the address stated in Item 1.

Item 3.

Policy Premium:     	

$_53_8_.o_o		_

$6.99	FL Hurricane Surcharge

     $544.99		Total Item 4.	Notices to Insurer:
Claims: Claim Manager CNA Global Specialty Lines 40 Wall Street, 8th Floor New York, New York 10005

Item 5.	Coverage:

All other notices:
Ian H. Graham Insurance, a division of Affinity Insurance Services, Inc.
Managing General Underwriter 15303 Ventura Blvd, 12th Floor Sherman Oaks, CA 91403

This Policy is issued with the Limits of Liability and Retentions set forth, subject to the Prior or Pending Date, if applicable all as set forth in the schedule below.
Defense Costs are included within the applicable limit of liability for Association Liability Coverage Part. Defense costs are neither covered nor included within the applicable limits(s) of liability for the Crime Coverage Part .
This Policy includes only those coverages designated with a "Yes" as "Included" in column 1 of the Coverage Schedule set forth below. If neither "Yes" or "No" is designated for a Coverage Part or a speciflc Crime Coverage Part Insuring Agreement, such Coverage Part  or  specific  Crime  Coverage Part insuring agreemetn is not included

C'IIA

Page 1
G-145174-A (Ed.6/03)
Continental Casualty Company

Community Association Policy	Declarations

I	$100,000	I	$1,000	
I	
$100,000	I	
$0	

Association Liability

I	N

I

n/a
Aggregate Limit of Liability for all Loss paid on behalf of all Named Entity Insureds for all Claims first made during each

I

n/a

I

n/a

 	Policy Period.	
Crime:	I	I $ per loss

I

I Not Applicable

Insuring Agreement 1: Employee Theft

I

y

I

$100,000

I

$1,000

Insuring Agreement 2: Forgery or Alteration
Insuring Agreement 3:	Theft, Disappearance and
 	Destruction	 Insuring Agreement
4: Computer Fraud
and Wire Transfer
 	Fraud	

I

y

I

y

I

y

I

$100,000

I

$1,000

Item 6.	Any natural person or entity property manager hired by the Named Entity to provide Property Management Services.

Item 7.	Endorsements forming a part of this Policy at issuance:
G-145127-A09	06	- Cancellation and Non-renewal end!.	
G-145128-A09	06	- Amendatory Endorsement	
G-145129-A09	04	- Amendatory Changes	
G-145172-A		- Policy Form	
G-147098-A09	04	- Amends CCC for state compliance	
GSL8400XX (2-09)	- Amend Commercial Crime Coverage Part GTC G-145170-A	- General Terms & Conditions

C:NA

Page 2
G-145174-A (Ed. 6/03)
CNA Insurance Companies

Community Association Policy	Declarations

These Declarations, along with the completed and signed Application, the Policy, and any written endorsements attached shall constitute the contract between the Named Entity Insureds and the Insurer.

,,.,,,.. "" '"'''"'	fb.-,,.11
Date:	5/03/2012

Page 3

C"NA

G-145174-A  (Ed. 6/03)
CNA Insurance companies

Community Association Policy	Commercial Crime Coverage Patt

-BJlliW¾liWiliiii!lffl¥MiF--iMiiNiM:i.,U;;1
Employee Theft
The Insurer will pay the Named Entity, any Subsidiary and any Plan for loss of, and loss from damage to, Covered Property resulting directly from a Covered Cause of Loss.
Covered Property: Money, Securities, and Property Other Than Money and Securities.
Covered Cause of Loss: Employee Theft.

The Insurer will provide the following coverages to the Named Entity and any Subsidiary:.
Foraerv or Alteration
The Insurer will pay for loss involving Covered Instruments resulting directly from a Covered Cause of Loss.
Covered Instruments: Checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum certain in Money that are actually or purportedly:
made or drawn by or drawn upon the Named Entity and any Subsidiary;
made or drawn by one acting as an agent for the Named Entity and any
Subsidiary
Covered Cause of Loss: Forgery or Alteration of, on or in any Covered Instrument.
Coverage Extension: If the Named Entity and any Subsidiary are sued for refusing to pay any Covered Instrument on the basis that it has been forged or altered, and the Named Entity and any Subsidiary have the lnsure s prior written consent to defend against the suit, the Insurer will pay for any reasonable legal expenses that the Named Entity and any Subsidiary incur and pay in that defense. The amount the Insurer will pay under this extension is in addition to the Limit of Insurance applicable to this Insuring Agreement and is not subject to the Retention.
Mechanically reproduced facsimile signatures shall be deemed handwritten signatures.
Theft Pisanoearance and Destruction
The Insurer will pay for loss of Covered Property resulting directly from a Covered Cause of Loss.
Section 1--lnside the Premises
Covered Property: Money and Securities inside the Premises or a Banking Premises.
Covered Causes of Loss:
Theft
Disappearance
Destruction

Community Association Policy	Commercial Crime Coverage Patt

Coverage Extensions:
Containers of Covered Property: The Insurer will pay for loss of, and loss from damage to, a locked safe, vault, cash register, cash box or cash drawer located in the Premises resulting directly from an actual or attempted:
Theft of, or
unlawful entry into, those containers.
Premises Damage: The Insurer will pay for loss from damage to the Premises or its exterior resulting directly from an actual or attempted Theft of Covered Property if the Named Entity and any Subsidiary are the owner of the Premises or are liable for damage to it.
Section 2--0utside the Premises
Covered Property: Money and Securities outside the Premises in the care and custody of a Messenger.
Covered Causes of Loss:
Theft
Disappearance
Destruction
Coverage Extension:
The Insurer will pay for loss of Covered Property resulting directly from a Covered Cause of Loss while outside the Premises in the care and custody of an armored motor vehicle company. But the Insurer will pay only for the amount of loss that the Named Entity and any Subsidiary cannot recover:
Under the Named Entity and any Subsidiary's contract with the annored motor vehicle company; and
From any insurance or indemnity carried by, or for the benefit of customers of, the annored motor vehicle company.
Comouter Fraud and Wire Transfer communication Fraud
The Insurer will pay for loss of, and loss from damage to, Covered Property resulting directly from a Covered Cause of Loss.
Covered Property: Money, Securities and Property Other Than Money and Securities.
Covered Cause of Loss: Computer Fraud.

Page2

C'NA

G-145172-A(Ed. 6/03)

Community Association Policy	Commercial Crime Coverage Patt

It is a condition of coverage for loss from an account of the Named Entity and any Subsidiary at a banking institution that the Named Entity Insureds authorize,  pursuant to written agreements with such banking institutions, the electronic or wire transfer of Covered Property at the Named Entity and any Subsidiary 's request that:
Contains a listing of the Named Entity and any Subsidiary's Employees who are authorized to initiate wire transfers;
Requires that the banking institution verify by telephone conversation with the Named Entity and any Subsidiary's authorized Employees any electronic or wire transfer instructions communicated by the Named Entity and any Subsidiary other than:
Prearranged Transfers; or
transfers made through an automated teller machine, before transferring Covered Property;
Requires the banking institution to confirm completed transfers in writing to the
Named Entity and any Subsidiary within five working days; and
Does not impair the Named Entity and any Subsidiary's right of action against the banking institution for any loss of Covered Property resulting from failure to exercise reasonable care or to comply with the Named Entity and any Subsidiary's communication instructions.

 	•P%llll	J. 	;,&@JiliillB.i!Dilill/liifWJt!. tlLlll!I
For purposes of this Coverage Part:
Alteration means the material modification of an original document by a person acting without authority and with intent to deceive.
Banking Premises means the interior of that portion of any building occupied by a banking institution or similar safe depository.
Computer Fraud means:
Theft of Covered Property following and directly related to the use of any computer to fraudulently cause a transfer of that property from inside the Premises or Banking Premises to a person (other than a Messenger) outside those Premises or to a place outside those Premises; and
Theft of Money or Securities following and directly related to use of written or verbal instructions which are purported to have been made by the Named Entity Insureds, to fraudulently cause an electronic transfer of that property from the Banking Premises to:
another account, except an account controlled by the Named Entity Insureds, within the Banking Premises; or
a person (other than a Messenger) or place outside the Banking Premises.

C'#A

G-145172-A (Ed. 6/03)

Community Association Policy	Commercial Crime Coverage Part

Custodian means the Named Entity Insureds, any of their partners or any Employee while having care and custody of the property inside the Premises, excluding any person while acting as a Watchperson or janitor.
Employee means:
Any natural person while in Named Entity's or any Subsidiary"s service (and for 30 days after termination of service), if Named Entity's or any Subsidiary's (i) compensates such natural person directly by salary, wages or commissions, and
(ii) has the right to direct and control such natural person while performing services for the Named Entity or any Subsidiary ; or
Any natural person performing services for Named Entity or any Subsidiary on a leased, loaned, volunteer, non-compensated, temporary or part-time basis, but only while and to the extent such persons are subject to Named Entity or any Subsidiary direction and control and performing services for Named Entity or any Subsidiary , including but not limited to Property Manager; or
With respect to any Plan:
A natural person who is a trustee, officer, employee or a manager, except an administrator or a manager who is an independent contractor; and
A natural person who is a director or trustee of the Named Entity or any
Subsidiary, while handling funds or other property of the Plan.
However, Employee does not mean any sponsor, developer, or developer of the
Named Entity or any Subsidiary.
Employee Theft means the unlawful taking of Covered Property to the deplivation of the Insured, where such unlawful taking is committed by an Employee acting alone or in collusion with others.

Forgery means the signing of the name of another person or organization, including a facsimile signature, without autholity and with intent to deceive; but it does not include a signature consisting in whole or in part of one's own name, signed with or without authority, in any capacity, for any purpose.
Messenger means an Employee of the Named Entity Insureds , or any of Named Entity lnsured's partners while having care and custody of the property outside the Premises.

Money means:
Currency, coins and bank notes in current use and having a face value; and
Travelers checks, register checks and money orders held for sale to the public.

Plan means any of the Named Entity's or Subsidiaries' Employee Welfare or Pension Plan which is subject to the provisions of ERISA.

Prearranged Transfer means an electronic transfer which is part of a regular or scheduled series of electronic transfers, authorized by written agreement, to a designated banking institution specifying:
the amount of Covered Property to be transferred; and
account number to be credited.

f:NA

Page4
G-145172-A(Ed.  6103)

Community Association Policy	Commercial Crime Coverage Part

Premises means the interior of that portion of any building that the Named Entity Insureds occupy in conducting its business.

Property Other Than Money and Securities means any tangible property, other than Money or Securities, that has intrinsic value, but does not include any property listed in any Crime Coverage Part as property which is not covered.

Securities means negotiable and non-negotiable instruments or contracts representing either Money or other property and includes:
Tokens, tickets, revenue and other stamps (whether represented by actual stamps or unused value in a meter) in current use; and
Evidences of debt issued in connection with credit or charge cards, which cards are not issued by the Named Entity Insureds; but does not include Money.
Theft means any act of stealing.
Wire Transfer Communication Fraud means Theft of Covered Property following
and directly related to use of written or verbal instructions which are purported to have been made by you, to fraudulently cause an electronic transfer of that property from the Banking Premises to:
another account, except an account controlled by you, within the Banking Premises; or
a person (other than a messenger) or place outside the Banking Premises.

The Insurer shall not be liable to pay the following loss under this Crtme Coverage Part:
Acts committed by any sponsor, builder, or developer of the Named Entity Insureds,
while acting in their capacity as a sponsor, builder or developer.
Loss caused by any Employee by acts committed after the Named Entity Insureds
or any of its directors or officers not in collusion with the Employee first learn of any dishonest act committed by the Employee, whether before  or  after  becoming employed by the Named Entity Insureds.
Loss resulting from seizure or destruction of property by order of governmental authority.
Loss that is an indirect result of any Covered Cause pf I PSS including, but not limited
to, loss resulting from:
The Named Entity Insureds' inability to realize income that Named Entity Insureds would have realized had there been no loss of, or loss from damage to, Covered Property.
Payment of damages of any type for which the Named Entity Insureds are legally liable. However, the Insurer will pay compensatory damages arising directly from a loss covered under this insurance.
Payment of costs, fees or other expenses that the Named Entity  Insureds incur in establishing either the existence or the amount of loss under this insurance.
Loss which is potential income, including but not limited to interest and dividends, not realized by the Named Entity Insureds .
Fees and expenses related to any legal action, except as may be provided under Subsection c of Insuring Agreement 2.

C:NA	Page5

Community Association Policy	Commercial Crime Coverage Part

Loss resulting from any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants; any request, direction or order that the Named Entity Insureds test for, monitor, clean up, remove, contain, treat, detoxify, neutralize or in any way respond  to or assess the effect of Pollutants or nuclear reaction,  radiation  or contamination, or any voluntary decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity Insureds, their security holders, or their creditors resulting from any of the aforementioned matters.
Loss resulting from actual, alleged or threatened inhalation of, ingestion of, contact with, exposure to, existence of, growth or presence of Fungi or Microbes; or the actual,	alleged or threatened failure to detect, report, test for, monitor, clean up, remove, contain, treat, detoxify, neutralize, remediate, dispose of or in any way respond to, assess the effects of or advise of the existence of any Fungi or Microbes.	This exclusion applies regardless of any other cause or event that contributes concurrently or in any sequence to the losses claimed.

Loss resulting from war, whether or not declared, warlike action, insurrection, rebellion or revolution, or any related act or incident.
Under Insuring Agreement 1, loss caused by any Employee of the Named Entity Insureds, or predecessor in interest of the Named Entity Insureds, for whom similar prior insurance has been canceled and not reinstated since the last such cancellation.
Under Insuring Agreements 1 and 4, loss, or that part of any loss, the proof of which as to its existence or amount is dependent upon:
an inventory computation; or
a profit and loss computation.
Loss resulting from any dishonest or criminal act committed by any Named Entity lnsureds's Employees, directors, trustees or authorized representatives:
acting alone or in collusion with other persons; or
while performing services for the Named Entity Insureds or otherwise However, this exclusion does not apply to Insuring Agreement 1.
Under Insuring Agreement 3, loss resulting from accounting or arithmetical errors or omissions.
Under Insuring Agreement 3, loss resulting from the giving or surrendering of property in any exchange or purchase.
Under Insuring Agreement 3, loss from damage to the Premises resulting from fire, however caused.
Under Insuring Agreement 3, loss of property contained in any money operated device unless the amount of Money deposited in ii is recorded by a continuous recording instrument in the device.
Under Insuring Agreement	3, loss of property after it has been transferred or surrendered to a person or place outside the Premises or Banking Premises:
On the basis of unauthorized instructions; or

Community Association Policy	Commercial Crime Coverage Part

As a result of a threat to do:
Bodily harm to any person; or
Damage to any property.
However, this exclusion does not apply under Section 2 of Insuring Agreement 3 , or Section 2 of ins to loss of Covered Property while outside the Premises or Banking Premises in the care and custody of a Messenger if the Named Entity Insureds:
Had no knowledge of any threat at the time the conveyance began; or
Had knowledge of a threat at the time the conveyance began, but the loss was not related to the threat.
Under Insuring Agreement 3, loss from damage to the Premises or its exterior, to property, or to containers of Covered Property by vandalism or malicious mischief.
Under Insuring Agreement 3, loss resulting from the Named Entity Insureds or anyone acting on its express or implied authority, being induced by any dishonest act to voluntarily part with title to or possession of any property.
 	-		■!:llliiilll lllll ll■III
The property covered under this Coverage Part is limited to property:
that the Named Entity Insureds own or hold; or
for which the Named Entity is legally liable.
However, this Coverage Part is for the Named Entity lnsured's benefit only. It provides no rights or benefits to any other person or organization.
Valuation -- Settlement:
Subject to the applicable Limit Of Insurance provision the Insurer will pay for:
Loss of Money but only up to and including its face value. The Insurer may, at its option, pay for loss of Money issued by any country other than the United States of America:
At face value in the Money issued by that country; or
In the United States of America dollar equivalent determined by the rate of exchange on the day the loss was discovered.
Loss of Securities but only up to and including their value at the close of business on the day the loss was discovered. The Insurer may, at the Insurer's option:
Pay the value of such Securities or replace them in kind, in which event the Named Entity must assign to the Insurer all of the Named Entity Insureds' rights, title and interest in and to those Securities;
Pay the cost of any lost securities bond required in connection with issuing duplicates of the Securities. However, the Insurer will be liable only for the payment of so much of the cost of the bond as would be charged for a bond having a penalty not exceeding the lesser of the:
value of the Securities at the close of business on the day the loss was discovered; or
Limit of insurance.

C'NA	Page 7

Community Association Policy	Commercial Crime Coverage Parl

Loss of, or loss from damage to, Property Other Than Money and Securities
or loss from damage to the Premises for not more than the:
actual cash value of the property on the day the loss was discovered;
cost of repairing the property or Premises; or
cost of replacing the property with property of like kind and quality.
The Insurer may, at the Insurer's option, pay the actual cash value of the property, or repair or replace it.
If the Insurer cannot agree with the Named Entity Insureds upon the actual cash value or the cost of repair or replacement, the value or cost will be determined by arbitration.
The Insurer may, at its option, pay for loss of, or loss from damage to, Property Other Than Money and Securities:
in the Money of the country in which the loss occurred; or
in the United States of America dollar equivalent of the Money of the country in which the loss occurred determined by the rate of exchange on the day the loss was discovered.
Any property that the Insurer pays for or replaces becomes the Insurer's property.

With respect to any Plan insured under this Coverage Part which is subject to the provisions of ERISA:
If any Plan is insured jointly with any other entity under this Coverage Part, the Named Entity or the Plan Administrator must select a Limit of Insurance for the Employee Dishonesty Insuring Agreement that is sufficient to provide an amount of insurance for each Plan that is at least equal to that required if each Plan were separately insured.
If the first Named Insured in the Declarations is an entity other than a Plan, any payment made to that first Named Insured for loss sustained by any Plan will be held by that first Named Insured for the use and benefit of the Plans sustaining the loss.
If two or more Plans are insured under this Coverage Part any payment made for loss:
Sustained by two or more Plans; or
Of commingled funds or other property of two or more Plans that arises out of one occurrence, is to be shared by each Plan sustaining loss, in the proportion that the amount of insurance required for each such Plan under ERISA provisions bears to the total of those amounts.
No Retention applies to loss that is covered under Insuring Agreement 1 sustained by a Plan.
If two or more Insuring Agreements of this Coverage Part apply to the same loss, the Insurer will pay the lesser of:
The actual amount of loss; or
The sum of the limits of insurance applicable to those Insuring Agreements.

C'NA	Page B

Community Association Policy	Commercial Crime Coverage Part

If Named Entity Insureds, or any predecessor in interest, sustained loss during the period of any prior policy that ii or the predecessor in interest could have recovered
under that policy except that the time within which to discover loss had expired, Insurer will pay for ii under this Policy, provided:

This Policy became effective at the time of cancellation or termination of the prior policy; and
The loss would have been covered by this Policy had ii been in effect when the acts or events causing the loss were committed or occurred.

The insurance under this condition is part of, not in addition to, the Limits of Insurance applying to this Policy and is limited to the lesser of the amount recoverable under:

This Policy as of its effective date; or
The prior policy had it remained in effect.

If any loss is covered:
Partly by this Policy; and
Partly by any prior cancelled or terminated policy that Insurer or any affiliate had issued to Named Entity Insureds or any predecessor in interest;
the most Insurer will pay is the larger of the amount recoverable under this Policy or the
prior policy.

Named Entity Insureds shall keep records of all Covered Property so Insurer can verify the amount of any Crime Loss.

C'.NA	Page9

Community Association Policy	General Terms & Conditions

In consideration of the payment of the premium and in reliance upon all statements made in the Application furnished to the Insurer designated in the Declarations, a stock insurance corporation, hereafter called the Insurer, the Insurer and the Named Entity Insureds agree as follows:

flllllllDMlll!iliP
The terms and conditions of each Coverage Part apply only to that Coverage  Part  and shall not apply to any other Coverage Part. If any provision in these General Terms & Conditions is inconsistent or in conflict with the terms and conditions of any Coverage Part, the terms and conditions of that Coverage Part shall control for purposes of that Coverage Part.

    Ft		:i
Words set forth in bold have the meaning set forth below. However, any  balded  word defined in these General Terms &  Conditions  that  is  defined  differently  in a Coverage Part shall, for purposes of coverage under that Coverage Part, have the meaning defined in that Coverage Part.
Application means all applications for this Policy and for any policy in an uninterrupted series of policies issued by the Insurer or any affiliate of the Insurer of which this Policy is a renewal or replacement. Application includes any materials submitted or  required to  be  submitted with the Application.	An "affiliate of the Insurer" means an insurer controlling, controlled by or under common control with the Insurer.
Coverage Part means only those coverage parts designated in the Declarations as "Included" in this Policy and attached hereto.
Crime Coverage Part means the Crime Coverage Part, if such Coverage Part is designated as "Included" in the Declarations and attached hereto.
Crime Loss means loss sustained under the Crime Coverage Part.
Defense Costs means all reasonable and necessary fees charged by attorneys designated by the Insurer, or by the Named Entity Insureds  with  the  Insurer's written consent.	Defense Costs also include all other reasonable and necessary fees, costs and expenses resulting from the investigation, adjustment, defense and appeal of a Liability Claim if incurred by the Insurer, or by the Named Entity Insureds with the written consent of the Insurer, including the costs of appeal, attachment or similar bonds. However, the Insurer has no obligation to provide such bonds. Defense Costs shall not include salaries, wages, fees, overhead or benefit expenses associated with the directors, officers, employees, trustees, committee members, or volunteers of Named Entity, any Subsidiary, or Property Manager.
ERISA or any Similar Act means the Employee Retirement Income Security Act of 1974, as amended, or any similar common or statutory law of the United States or its states, territories or possessions, or any other jurisdiction anywhere in the world.
Executive Officer means with respect to Named Entity, any  Subsidiary,  or Property Manager, its trustees, chairperson, chief executive officer, president, chief financial officer,	in-house general counsel, and the director of human resources or equivalent position.
Financial Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as "included" in the Declarations attached hereto:

Community Association Policy	General Terms & Conditions

the appointment by any state or federal official, agency or court of a receiver, conservator, liquidator, trustee, rehabilitator or similar official to take control of, supervise, manage or liquidate such Named Entity; or such Named Entity becoming a debtor in possession; and
except with respect to a Change in Status, the inability of such organization financially or under applicable law to advance Defense Costs or indemnify the Insureds for Liability Loss.
Fungi means any form of fungus, including but not limited to yeast, mold, mildew, rust, smut or mushroom, and any spores, mycotoxins, odors or any other substances, products, or by products produced by, released by, or arising out of the current or past presence of fungi.

Insured Person means any natural person covered under the Liability Coverage Part.

Interrelated Wrongful Acts means any Wrongful Acts which are logically or causally connected by reason of any common fact, circumstance, situation, transaction or event.
Liability Claim means any claim covered under the Liability Coverage Part.
Liability Coverage Part only means the Association Liability Coverage Part , if such Coverage Part is designated as "Included" in the Declarations attached to this policy.
Liability Loss means loss covered under the Liability Coverage Part.
Loss means all Liability Loss and all Crime Loss.
Microbe means any non-fungal microorganism or non-fungal colony-form organism that causes infection or disease including but not limited to any spores, mycotoxins, odors or any other substances, products, or by products produced by, released by, or arising out of the current or past presence of microbes.

Named Entity means the association named in Item 1 of the Declarations, including such association as a debtor in possession under Chapter 11 of the United States Bankruptcy Code or an equivalent status under the law of any other country.
Named Entity Insureds means the Named Entity,  Subsidiaries,  Property Manager and Insured Persons covered under under  any  Coverage  Part designated as "Included" in the Declarations.
Policy Period means the period from the effective date of this Policy to the Policy expiration date stated in Item 2 of the Declarations, or its earlier cancellation date.
Policy Premium means the original premium and the fully annualized amount of any additional premiums, other than the Extended Reporting Period premium, charged by the Insurer before or during the Policy Period.

Community Association Policy	General Terms & Conditions

Pollutants means any substance exhibiting hazardous characteristics as, is or may
be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state or local or foreign counterpart. Pollutants also means, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot,  fumes,  acids,  alkalis,  chemicals  or waste (including materials to be recycled, reconditioned or reclaimed), as well as anyair emission, odor, waste water, oil or oil products, infectious or medical waste, asbestos, or asbestos products.
Property Manager means the entity or natural person specified in Item 6 of the Declarations. If an entity is specified in Item 6, Property Manager shall also include Property Manager Employees employed by such entity to provide real estate Property Management Services to the Named Entity.
Property Manager Employee means any natural person in the regular service of a Property Manager in the ordinary course of such Property Manager's business, whom such Property Manager governs and directs in the performance of such service, including any part-time, seasonal, leased or temporary employee, or any duly elected or appointed director, officer, member of the board of managers or management committee member while performing Property Management Services within the usual scope of a Property Manager Employee.

lfl	--

Subsidiary means any entity which qualifies as a non-profit entity under Internal Revenue Code Section 501(c)(3) and any amendment thereto, during any time in which the Named Entity owns or controls, directly or through one or more Subsidiaries, the right to elect or appoint more than 50% of the entity's directors or trustees.
Change in Status means the consolidation or merger of the Named Entity into or with another entity, or Financial Insolvency:

:-	-	;;+
1Solely with respect to any Liability Coverage Part, if the Insurer non-renews this        Policy, the Named Entity shall be provided, at no additional charge, an extension of this Policy for a period of 30 days immediately following the end of the Policy Period, but only with respect to Claims made against  Named Entity Insureds  and reported to  the  Insurer during such extension	by reason of	any Wrongful Act committed before the earlier of the end of the Policy Period or the effective date of any Change in Status.
This period shall be referred to as the automatic Extended Reporting Period.
If the Insurer non-renews this Policy, the Named Entity shall have the right to purchase, upon payment of an additional premium equal to 100% of the annualized Policy Premium, an extension of this Policy for a period of 12 months immediately following the end of the Policy Period, but only with respect to;
under the Liability Coverage Part,. any Wrongful Act committed before the earlier of the end of the Policy Period or the effective date of any Change in Status;
under the Crime Coverage Part, loss sustained completely prior to the earlier
of the end of the Policy Period or the effective date of any Change in Status, which is discovered by the Named Entity no later than one year from the date of that termination or cancellation.

C'NA	GTCPage3

Community Association Policy	General Terms & Conditions

This period shall be referred to as the optional Extended Reporting Period.
As a condition precedent to the right to purchase the optional Extended Reporting Period, (i) the total premium for this Policy must have been paid; (ii) the Named Entity must request such Extended Reporting Period in writing, and such request must be received by the Insurer, at the address for notices set forth in Item 4 of the Declarations page, within 30 days of the end of the Policy Period or the effective date of any Change in Status, and (iii) the full payment of the premium for such Extended Reporting Period must be received by the Insurer within 30 days after the end of the Policy Period.
If the optional Extended Reporting Period is purchased, the entire premium shall be deemed fully earned at its commencement without any obligation by the Insurer to return any portion thereof.
There is no separate or additional limit of liability for the automatic or optional Extended Reporting Period.
No receiver, conservator, liquidator, trustee, rehabilitator, or similar official and no governmental agency, body or representative can exercise the right to: (i) purchase extended discovery with respect to the Crime Coverage Part; or (ii) report any claim under the Crime Coverage Part. In addition, the Extended Reporting Period terminates immediately with respect to the Crime Coverage Part  on the  effective date of any other insurance obtained by Named Entity Insureds or any other party which replaces, in whole or in part, the coverage afforded by the Crime Coverage Part, regardless of whether such insurance provides coverage for Loss  sustained prior to the effective date of this Policy.

 	-'MD
The estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners of Insured Persons shall be considered Named Entity Insureds under the Liability Coverage Part; provided, however, coverage is afforded to such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners only for a Claim arising solely out of their status as such and, in the case of a spouse, where such Claim seeks damages from marital community property, jointly held property or property transferred from the Insured Person to the spouse. No coverage is provided for any act, error or omission of an estate, heir, legal representative, assign, spouse or legally recognized domestic partners. All terms and conditions of this Policy, including without limitation the retention applicable to Liability Loss incurred by the Insured Perso!,, shall also apply to loss incurred by such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners.

Limit of Liability

The Scheduled Limits of Liability set forth in Item 6 of the Declarations as the Scheduled Limits of Liability for the Association Liability Coverage Part shall be the maximum aggregate Limits of Liability of the Insurer for all Liability Loss under such Coverage Part, regardless of the number of Claims made against the Named Entity Insureds;
The Scheduled Limit of Liability set forth in Item 6 of the Declarations as the Scheduled Limit of Liability for the Crime Coverage Part shall be the maximum

C'NA	GTCPage4

Community Association Policy	General Terms & Conditions

limit of liability of the Insurer for each Crime Loss under the Crime Coverage Part.
Such limit of liability shall not accumulate from Policy Period to Policy Period
If the Limit of Liability for any Coverage Part is exhausted by payment of Loss, the Insurer's obligations under such Coverage Part shall be deemed completely fulfilled and extinguished.

The Insurer shall pay Liability Loss on behalf of the Named Entity Insureds, and shall pay Crime Loss as incurred by the Named Entity Insureds, without consideration of other future obligations.

The liability of the Insurer for all Crime Loss sustained by more than one Named Entity Insured shall not exceed the amount that the Insurer would pay if all Crime Loss had been sustained by one Named Entity Insured.

In the event any loss is covered partly by the Crime Coverage Part and partly by any prior canceled or terminated insurance that the Insurer or any affiliate issued to the Named Entity Insureds, the most the Insurer will pay with respect to such loss is the larger of the amount recoverable under the Crime Coverage Part or the prior insurance.

If any loss is covered partly by the Crime Coverage Part and partly by any prior canceled or terminated insurance issued by any carrier other than the Insurer or any affiliate: (i) any retention amount applicable to the loss under the Crime Coverage Part will be reduced by any deductible or retention amount applicable under the prior insurance, and (ii) the limit applicable to the loss under the Crime Coverage Part will be reduced by any amount paid or payable to the Named Entity Insured under the prior insurance.

Retentions

Subject to paragraph c below, the Insurer is liable to pay only that amount of Loss in excess of any applicable retention. The Insurer will have no obligation to pay all or any portion of any applicable retention.
Separate Retentions as set forth in Item 6 of the Declarations as the Scheduled Retentions shall apply to each Loss under each Coverage Part.
No retention applies with respect to any Liability Loss in a Claim against any Insured Persons if the Named Entity, or any Subsidiary are not permitted to advance Defense Costs or to indemnify such Insured Persons for Liability Loss by reason of:
Financial Insolvency; or
a good faith determination by Named Entity, or any Subsidiary that such payment is not permitted under the broadest construction of applicable law.
Subject to Section XII below, if a Loss is covered under more than one Coverage Part and if more than one retention applies to such Loss, the maximum total retention amount applicable to such Loss shall be the amount of the largest applicable retention.

C'NA	GTCPage5

Community Association Policy	General Terms & Conditions

Defense of Claims

The Insurer has the right and duty to defend all Liability Claims, even if the allegations are groundless, false or fraudulent. The Insurer shall have the right to appoint counsel and to make such investigation and defense of a Liability Claim as it deems necessary. The Insurer's obligation to defend any Liability Claim or pay any Liability Loss, including Defense Costs, shall be completely fulfilled and extinguished if the limit of liability has been exhausted by payment of Liability Loss, or if the Named Entity has failed to pay its full retention for reasons other than Financial Insolvency.

Settlement

The Insurer shall not settle a Liability Claim  without  the  consent  of  the  Named Entity Insureds, other than any Property Manager, which shall not be unreasonably withheld. If the Named Entity Insureds, other than any Property Manager unreasonably refuse to consent to a settlement or compromise recommended by the Insurer, and acceptable to the claimant, then the applicable limit of liability under this Policy shall be reduced to the amount for which the Liability Claim could have been settled plus all Defense Costs incurred up to the time the Insurer made its recommendation.

Cooperation of Named Entity Insureds

The Named Entity Insureds shall not admit liability, consent to any judgment,  agree to any settlement or make any settlement offer without the Insurer's prior written consent, such consent not to be unreasonably withheld. The Insurer  shall  not  be liable for any Loss to which ii has not consented. The Named Entity Insureds agree that they shall not knowingly take any action which increases the Insurer's exposure  for Loss under this Policy. The Named Entity Insureds shall furnish the Insurer with copies of reports, investigations, pleadings, and all related papers, and such other information, assistance and cooperation as the Insurer may reasonably request.

If, during the Policy Period or any Extended Reporting Period, if applicable,  any Claim is first made against the Named Entity Insureds, the Named Entity Insureds shall, as a condition precedent to the obligations of the Insurer under this Policy, give a written notice to the Insurer as soon as reasonably possible.
If, during the Policy Period the Named Entity Insureds first become aware of a specific Wrongful Act which may reasonably give rise to a  future Liability  Claim  and during such period give written notice to the Insurer of:
the names of any potential claimants and a description of the Wrongful Act
which forms the basis of their potential Claim;

Community Association Policy	General Terms & Conditions

the identity of the specific Named Entity Insureds allegedly responsible for such specific Wrongful Act;
the consequences that have resulted or may result from such specific
Wrongful Act;
the nature of the potential monetary damages or non-monetary relief which may be sought in consequence of such specific Wrongful Act; and
the circumstances by which Named Entity Insureds first became aware of such specific Wrongful Act;
then any Liability Claim otherwise covered pursuant to the Liability Coverage Part which is subsequently made and which arises out of such Wrongful Act shall be deemed to have been first made and reported to the Insurer by the Named Entity Insureds at the time such written notice was received by the Insurer. No coverage is provided for fees and expenses incurred prior to the time such notice results in a Liability Claim.
Except as provided in subsection 2 above, a Liability Claim shall be deemed made:
in the case of a civil, criminal, administrative, regulatory proceeding  or arbitration, on the earliest of the date of service upon or other receipt by any Named Entity Insured of a complaint, indictment, notice of charge or similar document against the Named Entity Insured in such proceeding or arbitration;
in the case of a written demand for monetary damages or non-monetary relief, on the Named Entity Insureds' receipt of such written demand.
More than one Liability Claim involving the same Wrongful Act or Interrelated Wrongful Acts shall be considered as one Liability Claim which shall be deemed made on the earlier of:
the date on which the earliest such Liability Claim was first made, or
the first date valid notice was given by the Named Entity Insureds  to the Insurer under this Policy of any Wrongful Act or under any prior policy of any Wrongful Act, or any fact, circumstance, situation, event or transaction which underlies any such Liability Claim.

With respect to the Crime Coverage Part, within 90 days after discovery the Named Entity Insured sustained a loss, the Named Entity Insured shall provide a detailed sworn proof of loss. The Named Entity Insureds will, upon request of the Insurer, submit to an examination under oath. The Named Entity Insureds will also notify the police if they have reason to believe that any loss involves a violation of law.

The Named Entity Insureds shall give written notice to the Insurer under this Policy as specified in Item 4 of the Declarations, which shall be effective upon receipt.

IJJJIII
The Insurer may not cancel this Policy except for non-payment of any premium when due by providing to Named Entity written notice stating when, not less than 20 days thereafter, such cancellation shall be effective. This Policy is issued in consideration of the  payment  of the premium.	If there is non-payment of the premium due on inception of the Policy Period, this policy does not take effect, and the Named Insured will be so notified.

C"NA	GTCPage 7

Community Association Policy	General Terms & Conditions

-	

The Named Entity Insureds grant the exclusive authority to cancel this Policy to Named Entity. Named Entity may cancel this Policy by providing the Insurer written notice stating when thereafter such cancellation shall be effective. The mailing or delivery of such notice shall be sufficient. The unearned premium shall be computed pro rata and premium adjustment may be made at the time cancellation is effected or as soon as practicable.

Any notices required under Section VIII, CANCELLATION, shall be provided to Named Entity at the address set forth in Item 1 of the Declarations and to the Property Manager if and at the address, specified in Item of the Declarations for this Policy. The mailing of such notice shall be sufficient.
m·er:11
Ifany Loss resulting from any Claim is insured under any other policies, this Policy shall apply only to the extent the Loss exceeds the amount paid under such other insurance whether such other insurance is stated to be primary, contributory, excess, contingent or otherwise, unless such other insurance is written only as specific excess insurance over this Policy.
!l!!rf!fi'UliNJJIIII
The Named Entity Insureds represent and acknowledge that the statements contained in the Application are true, are the basis of this Policy and are to be considered as incorporated into and constituting a part of this Policy, and shall be deemed material to the acceptance of this risk or the hazard assumed by the Insurer under this Policy. This Policy is issued in reliance upon the truth of such representations.

Should two or more Coverage Parts apply to the same Loss, the Insurer will not pay more than the actual Loss incurred by the Named Entity Insureds.
llfBJ@l'#	-•e•m

If, after the effective date of this Policy, (i) Named Entity, or any Subsidiary creates
or acquires an entity, or (ii) Named Entity, or any Subsidiary merges with another entity such that Named Entity, or any Subsidiary is the surviving entity, then such entity, and any subsidiaries, directors, officers, trustees or employees of such entity who otherwise would thereby become a Named Entity Insured, shall be covered under this Policy, subject to its terms and conditions, only if the Insurer, at its sole option, upon submission of such information as the Insurer may require and payment of any additional premium and/or amendment  of the provisions of the Policy, agrees  to provide coverage for such entity, subsidiaries, directors, officers or employees.
There shall be no coverage under the Liability Coverage Part for any Wrongful Act
by such created, acquired or merged entity, or by any persons or entities considered to be Named Entity Insureds pursuant to Section Xll.1 above, where such Wrongful Act occurred in whole or in part before the effective date of such acquisition or merger or for any Wrongful Act occurring on or after such date which,

C'NA	GTCPage 8

Community  Association  Policy	General Terms & Conditions

together with any Wrongful Acts occurring before such date, would be considered Interrelated Wrongful Acts. There is no coverage under the Crime  Coverage  Part (if included) for any event discovered prior to the effective date of such  creation, merger or acquisition either by Named Entity Insured, or by the created, acquired or merged entity.

Change in Status of Named Entity
In the event of a Change in Status of Named Entity, coverage under this Policy shall continue until this Policy is otherwise terminated, but only with respect to Wrongful Acts occurring, or Loss under the Crime Coverage Part sustained, before the effective date of the Change in Status, unless (i) the Insurer is notified in writing of the Change in Status prior to the Change in Status effective date and agrees in writing to provide coverage for Wrongful Acts occurring, or Crime Loss sustained, on or after such effective date, and (ii) Named Entity accepts any special terms, conditions, exclusions or additional premium charge required by the Insurer.

Cessation of Subsidiary

If any organization ceases to be a Subsidiary:

there shall be no coverage under the Liability Coverage Part for any Wrongful Act by such organization or any Insured Person of such organization occurring after the date such organization ceased to be a Subsidiary; and

there shall be no coverage under the Crime Coverage Part (if included) for Crime Loss sustained by the Subsidiary after the date it ceased to be a Subsidiary.

Transfer of a Plan

If the sponsorship of a Plan is transferred so that Named Entity. or any Subsidiary is no longer the sole employer sponsor of such  Plan, there shall be no coverage under  the Crime Coverage Part (if included) for Crime Loss sustained by or with respect to such Plan after the date of such transfer.

To the extent it pays any Loss, the Insurer shall be subrogated to all the Named  Entity Insureds' rights of recovery therefor. The Named Entity Insureds shall execute all papers necessary to secure such rights, including executing  any documents necessary to enable the Insurer effectively to bring suit in their name, and shall not act or fail to act in any way that impairs the lnsure s rights of subrogation or recovery.
If a Loss is in part insured and in part uninsured under this Policy or is in an amount
in excess of the applicable limit of liability, the Named Entity Insureds and the
Insurer shall attempt to agree upon an equitable allocation of any recoveries made, whether before or after payment of the Loss by the Insurer, from any person or source responsible for causing the Loss. Reasonable expenses incurred in making a recovery shall always have priority of payment from all such recoveries. If, after exerting their best efforts, the Named Entity Insureds and the Insurer are unable to

&WA	GTCPage9

Community Association Policy	General Terms & Conditions

agree upon such an allocation after taking into account due consideration for the respective parties' willingness to pay the expenses of making any recovery, the Insurer, if requested by the Named Entity Insureds, shall submit  the  dispute  to binding arbitration. The rules of the American Arbitration Association shall apply with respect to the selection of the arbitration panel, which shall consist of one arbitrator selected by the Named Entity Insureds, one arbitrator selected by the Insurer, and a third independent arbitrator selected by the first two arbitrators.
In no event shall the Named Entity Insureds be entitled to recoup from recoveries
any amount to satisfy any retention until after all amounts which the Insurer is required to pay or pays under any applicable Coverage Part are reimbursed to the Insurer.

--

Any allocation of recoveries for purposes of this Section XV shall not change any
provisions dealing with calculation of insured Crime Loss under the Crime Coverage Part.

Notice to or knowledge possessed by any agent or other person acting on behalf of the
Insurer shall not effect a waiver or a change in any part of this Policy or stop the Insurer from asserting any right under the provisions of this Policy, nor shall the provisions be waived or changed except by written endorsement issued to form a part of this Policy.
1Dlll!Pl1fflffliiiPfli\PHfflffilffllJMi@4MI
The Named Entity Insureds agree that Named Entity  will  act  on  behalf  of the Named Entity Insureds with respect to giving of all notice to the Insurer  (except notices provided in Section Vll.1 or 2), the receipt of notices from the Insurer, the payment of the premiums, the receipt of any return premiums that may become due under this Policy, and the acceptance of endorsements.

Payment of Crime Loss covered under the Crime Coverage Part to Named Entity shall discharge the Insurer from all further obligations under the Crime Coverage Part with respect to such Crime Loss, regardless of which Named Entity Insured sustained the Crime Loss.

 	JflfflllJSl!llfBl:I
No action shall be taken against the Insurer unless, as a condition precedent, there shall have been full compliance with all the provisions of this Policy nor until the amount of the Named Entity Insureds' obligation to pay shall have been finally determined either by final and nonappealable judgment against the Named Entity Insureds after trial or by written agreement of the Named Entity  Insureds,  the claimant and the Insurer.
No person or organization shall have any right under this Policy to join the Insurer as
a party to any Liability Claim against the Named Entity Insureds to determine the Named Entity Insureds' liability, nor shall the Insurer be impleaded by  the Named Entity Insureds or their legal representatives in any such Liability Claim.
Legal proceedings for the recovery of any Loss claimed under the Crime Coverage Part shall not be brought prior to the expiration of 90 days after proof of loss was received by the Insurer nor more than two years after the loss was discovered.

Community Association Policy	General Terms & Conditions

hJ#ii	fl!ll
Assignment of interest under this Policy shall not bind the Insurer unless its consent is endorsed to this Policy.
'ffl!ftf"!l'WPP

-

Coverage shall apply solely to Claims brought and maintained entirety within and subject to
the laws of the United States of America or any territory, possession, state, province or subdivision thereof.

The Named Entity Insureds agree that this Policy, consisting of the Application, the
Coverage Parts, and all endorsements listed in the Declarations, constitute the entire contract existing between them and the Insurer or any of its agents relating to this insurance.

In accordance with laws and regulations of the United States concerning economic and
trade embargoes, this policy is void from its inception with respect to any term or condition of this policy that violates any laws or regulations of the United States concerning economic and trade embargoes including, but not limited to the following:
Any Named Entity Insured, or any person or entity claiming the benefits of a Named Entity Insured, who is or becomes a Specially Designated National or Blocked Person or who is otherwise subject to U.S. economic or trade sanctions;
Any Claim that is brought in a Sanctioned Country or by a Sanctioned Country Government, where any action in connection with such Claim is prohibited by U.S. economic or trade sanctions;
Any Claim that is brought by any Specially Designated National or Blocked Person or any person or entity who is otherwise subject to U.S. economic or trade sanctions;
Property that is located in a Sanctioned Country or that is owned by, rented to or in the care, custody or control of a Sanctioned Country Government, where any activities related to such property are prohibited by U.S. economic or trade sanctions; or
6. Property that is owned by, rented to or in the care, custody or control of a Specially Designated National or Blocked Person, or any person or entity who is otherwise subject to U.S. economic or trade sanctions.
As used in this Policy, a Specially Designated National or Blocked Person is any person or entity that is on the list of Specially Designated Nationals and Blocked Persons issued by the
U.S. Treasury Department's Office of Foreign Asset Control (O.F.A.C.) as it may be from  lime to lime amended.

As used in this Policy, a Sanctioned Country is any country that is the subject of trade or economic embargoes imposed by the laws or regulations of the United States of America.

IN WITNESS WHEREOF, the Insurer has caused this Policy to be signed by its Chairman and Secretary at Chicago, Illinois, but the same shall not be binding upon the Insurer unless countersigned by a duly authorized representative of the Insurer.

Community Association Policy	General Terms & Conditions

	 ffi,4'
Chairman	Secretary

Community Association Policy

Endorsement

CANCELLATION AND NONRENEWAL ENDORSEMENT • FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the General Terms & Conditions are amended as follows:
Section VIII., CANCELLATION is deleted in its entirety and replaced with the following:
Cancellation/Nonrenewal
Cancellation by the Named Entity
The Named Entity has the right to cancel this Policy at any time by giving notice to the Insurer stating when thereafter the cancellation shall be effective.
Cancellation by the Insurer
The Insurer has the right to cancel the Named Entity's Policy at any time and for any reason within the first ninety (90) days. The Insurer must mail notice of cancellation at least twenty (20) days prior to the effective date of such cancellation. If the Insurer cancels for non-payment of premium, the Insurer must mail notice of cancellation at least ten (10) days prior to the effective date of such cancellation. However, the Insurer may cancel immediately for material misrepresentation or failure to comply with underwriting requirements.
After the Named Entity's Policy has been in effect for ninety-one (91) days or more, it may be canceled only for one of the following reasons:
Nonpayment;
Policy obtained through material misrepresentation;
The Named Entity Insured violated the terms and conditions of the policy;
The risk originally accepted has measurably increased;
The cancellation is for all insureds under such policies for a given class of insureds.
The Insurer must mail notice of cancellation at least forty-five (45) days prior to the effective date of such cancellation. If the Insurer cancels for non-payment of premium, the Insurer must mail notice of cancellation at least ten (10) days prior to the effective date of such cancellation.

All notices shall be mailed to the Named Entity at the last mailing address known to the Insurer and shall state the reason for cancellation.
Non-Renewal by the Insurer
The Insurer has the right to non-renew the Named Entity's Policy effective  on any Policy anniversary date. All notices of non-renewal must be mailed to the Named Entity at the last mailing address known to the Insurer, at least forty-five (45) days prior to the effective date of non-renewal and shall provide a specific explanation of the reason(s) for non-renewal.

All other provisions of the Policy remain unchanged.

C'NA
This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement

01	Must be Completed	
ENDT.NO.
G-145127-A09 06/03	POLICY NO.
0251241940	

	Complete Only When This Endorsementls Not Prepared with the Policy
m: is Not to be Effectivewith the Pol	
ISSUED TO	EFFECTIVE DATE OF
THIS ENDORSEMENT	

expires concurrently with said policy.

I127FL

Community Association  Policy	Endorsement

AMENDATORY ENDORSEMENT• FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the General Terms & Conditions are amended as follows:

The following item is added to the policy:

If a Named Entity Insured has any questions regarding this policy please call 1-800-621-2324 for assistance.

Section II., DEFINITIONS, paragraph 21 is deleted in its entirety and replaced with the following:

21.      Pollutants  means any substance exhibiting  hazardous  characteristics as, is or may  be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state or local or foreign counterpart. Pollutants also means, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals or waste (including materials to be recycled, reconditioned or reclaimed), as well as anyair emission, odor, waste water, oil or oil products, infectious or medical waste.

Section II., DEFINITIONS is amended by the addition of the following new definition:

Asbestos means the mineral in any form, whether or not the Asbestos was at any time:
airborne as a fiber, particle or dust;
contained in or formed a part of a product, structure, or other real or personal property;
carried on clothing;
inhaled or ingested; or
transmitted by any other means.

All other provisions of the Policy remain unchanged.

C1NA

02	Must be Completed	
ENDT.NO.
G-145128-A09 06/03	POLICY NO.
0251241940	

EFFECTIVE DATE OF THIS ENDORSEMENT

ISSUED TO

CompleteOnly When This Endorsementls Not Prepared with the Policy
m: is Not to be Effectivewith the Policv

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

I128FL

Community Association Policy	Endorsement

AMENDATORY  CHANGES• FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the Association Liability Coverage Part  is amended as follows:

Section 11., DEFINITIONS, paragraph 4 is deleted in its entirety and replaced with the following:

Loss means damages, settlements, judgments (including any award of pre-judgment and post­ judgment interest) and Defense Costs for which the Named Entity Insureds are legally obligated to pay on account of a covered Claim. Loss shall not include:
criminal or civil fines or penalties imposed by law;
taxes;
any amounts for which there is no legal recourse against the Named Entity Insureds; or
matters which are uninsurable under the law pursuant to which this Policy is construed.

Section Ill., EXCLUSIONS, paragraph 1. Exclusions Applicable to all Loss, sub-item d is deleted in its entirety and replaced with the following:

d.	based upon, directly or indirectly arising out of, or in any way involving: any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants or  Asbestos;  any request, direction  or order that any of the Named Entity Insureds test for, monitor, clean  up,  remove,  contain,  treat,  detoxify, neutralize or in any way respond to or assess the effect of Pollutants or Asbestos or nuclear reaction, radiation or contamination, or any voluntary decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity or any Subsidiary, their security holders, or their  creditors  resulting  from  any of the  aforementioned matters;  provided  however,  this exclusion shall not apply to any Claim	for retaliatory treatment of the claimant by the Named Entity Insureds on account of the claimant s actual or threatened disclosure of the matters described in this exclusion;

All other provisions of the Policy remain unchanged.

CWNA

03	Must be Completed	
ENDT.NO.
G-145129-A09 04/04	POLJCYNO.
0251241940	

EFFECTIVE DATE OF THIS ENDORSEMENT

ISSUED TO

CompleteOnly WhenThis Endorsementls Not Prepared with the Policy
m: is Not to be Effectivewith the Policv

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

I129FL

Aut	ized Representative

Community Association Policy	Endorsement

AMENDATORY • FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the Commercial Crime Coverage Part is amended as follows:

Section Ill., EXCLUSIONS, paragraph 7 is deleted in its entirety and replaced with the following:

7. Loss resulting from any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants or Asbestos; any request, direction or order that the Named Entity Insureds test for, monitor, clean up, remove, contain, treat, detoxify, neutralize or in any way respond to or assess the effect of Pollutants or Asbestos or nuclear reaction, radiation or contamination, or any  voluntary decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity Insureds, their security holders, or their creditors resulting from any of the aforementioned matters.

All other provisions of the Policy remain unchanged.

C'NA

04	Must be Completed	
ENDT.NO.
G-!47098-A09 04/04	POLICYNO.
0251241940	

EFFECTIVEDATEOF THIS ENDORSEMENT

ISSUED TO

CompleteOnly When This Endorsementls Not Prepared with the Policy
Qf is Not to be Effectivewith the Policy

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

1098FL

CNA

AMEND COMMERCIAL CRIME COVERAGE PART

In consideration of addltional premium paid, it is agreed the Commercial Crime Coverage Part is amended as follows:

Section I. INSURING AGREEMENTS, Insuring Agreement 2 Forgery or Alteration paragraph a. is deleted in its entirety and replaced as follows:

Forgery or Alteration

The Insurer will pay for loss involving Covered Instruments resulting directly from a Covered Cause of Loss.

Covered Instruments: Checks, drafts, promissory notes, credit card or similar written promises, orders or directions to pay a sum certain in Money that are actually or purportedly:
made or drawn by or drawn upon the Named Entity and any Subsidiary;
made or drawn by one acting as an agent for the Named Entity and any Subsidiary
Section II. DEFINITIONS, is amended as follows:

Definition 3 Computer Fraud is deleted in its entirety and replaced as follows:
Computer Fraud means:

Theft of Covered Property following and directly related to the use of any computer to fraudulently cause a transfer ofthat property to a person (other than a Messenger); and

Theft of Money or Securities following and directly related to use of written or verbal instructions which are purported to have been made by the Named Entity Insureds, to fraudulently cause an electronic transfer of that property from the banking institution to:

another account, except an account controlled by the Named Entity Insureds,;
or

person (other than a Messenger).

Definition 6. Employee Theft is deleted in Its entirety and replaced as follows:

6. Employee Theft means the unlawful taking of Covered Property to the deprivation of the Named Entity, any Subsidiary or Plan where such unlawful taking is committed by an Employee acting alone or in collusion with others.

Definition 15. Theft is deleted in its entirety and replaced as follows:

15. Theft means the unlawful taking of Money, Securities and Other Property to the deprivation of the Named Entity or any Subsidiary.

EFFECTIVE DATE OF
THIS ENDORSEMENT

ISSUED TO

Complete Only When This Endorsement Is Not Prepared with the Policy
Q£ is Not to be Effective with the Pollcv

Must be Completed	
ENDT. NO.	POLICY NO.
0251241940	

I

§SL 40

NA
Section Ill. EXCLUSIONS, Exclusion 11. is amended to add the following new language:

However, where It is established wholly apart from such computations that the Named Entity Insureds have sustained a loss covered under a covered loss, then the Named Entity Insureds may offer inventory records and an actual physical count of inventory in support of other evidences as to the amount of loss claimed.

Section IV. OTHER CONDITIONS, is amended as follows:

A	Paragraph 3. is deleted in	entirety and replaced as follows:
Wrth respect to any Plan insured under this Coverage Part which is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as long as the Named Entity is not a Plan:

Any payment the Insurer makes to the Named Entity, Subsidiary or Plan for loss sustained by any Plan will be held by the Named Entity, Subsidiary or Plan for the use and benefrt of the Plan sustaining the loss.

If two or more Plans are insured under this insurance, any payment the Insurer makes for loss:

sustained by two or more Plans or
of commingled funds or other property of two or more Plans

is to be shared by each Plan sustaining loss in the proportion that the amount of insurance required for each such Plan under ERISA provisions bears to the total of those amounts.

The retention applicable to Insuring Agreement 1 does not apply.

The Limit of Insurance applicable to Insuring Agreement 1 must be at least equal to the minimum amount required by ERISA for any covered Employee Benefrt Plans. If plans are insured jointly with any other entity under this Policy the Limit of Insurance must be at least equal to the minimum amount required by ERISA if each Plan were insured independently.

If, during the Policy Period, the Plan assets increase, resulting in a Limit of Insurance applicable to Insuring Agreement 1 that is less than the amount required under ERISA, then that Limit of Insurance will be automatically increased to a Limit of Insurance equal to 10% of the total assets for that Plan.

EFFECTIVE DATE OF
THIS ENDORSEMENT

ISSUED TO

Complete Only When This Endorsement Is Not Prepared with the Policy
Qf Is Not to be Effective with the Policy

Must be Completed	
ENDT. NO.	POLICY NO.
0251241940	

I

_GStB4j

CNA
The following new section is added

Termination of Coverage as Respects Acts of Any Employee

Coverage as respects any Employee is terminated:

immediately upon discovery by Named Entity Insureds or any partners, not in collusion with the Employee, of any dishonest act committed by that Employee:

while employed by the Named Entity, any Subsidiary or Plan; or
prior to becoming employed by the Named Entity, any Subsidiary or Plan, provided dishonest acts committed prior to becoming employed by the Named Entity, any Subsidiary or Plan, resulted in a loss equal to or exceeding $10,000.

on the date specified in the notice mailed to the Named Entity. That date will be at least 60 days after the date of mailing.

All other terms and conditions of the Policy remain unchanged.

This endorsement, which forms a part of and is for attachment to the Policy issued by the designated Insurers, takes effect on the effective date of said Policy at the hour stated in said Policy and expires concurrently with said Policy unless another effective date is shown below.

By Authorized Representative  	 (No signature is required if issued with the Policy or if It is effective on the Policy Effective Date2

Must be Completed	
ENDT. NO.	I	POLICY NO.
0251241940	

	Complete Only When This Endorsement Is Not Prepared with the Policy
Qr Is Not to be Effective with the Policy	
ISSUED TO	EFFECTIVE DATE OF
THIS ENDORSEMENT	

G_§L84i

IMPORTANT INFORMATION

FOR OUR FLORIDA COMMERCIAL LINES POLICYHOLDERS

Your policy premium includes a Florida Hurricane Catastrophe Fund surcharge.
Hurricanes Dennis, Katrina, Rita and Wilma, caused substantial property damage in Florida during the 2005 hurricane season. Certain of the hurricanes causing property damage in the 2005 hurricane season caused insured losses covered by the Fund. The State Board of Administration (BOARD) has determined that the amount of revenue produced under Section 215.555(5), Florida Statutes is insufficient to fund the obligations, costs, and expenses of the Florida Hurricane Catastrophe Fund (FUND) and the Florida Hurricane Catastrophe Fund Corporation (CORPORATION), including repayment of revenue bonds and that portion of the debt seivice coverage not met by reimbursement.
Pursuant to the provisions of S.215.555(6)(b), Florida Statutes, the Board has directed the Office of Insurance Regulation (OFFICE) to levy, by order, an emergency assessment on direct premiums for all property and casualty lines of business in this state, excluding policy premiums for workers compensation, accident and health, medical malpractice and the National Flood Insurance Program. This Order was released as Case No. 86203-06.
This assessment shall be collected from each property and casualty policyholder with a policy that is issued or renewed during an assessment period. An assessment period begins on January 1 and continues for twelve-months. The emergency assessment shall be assessed in each successive assessment period until further Order of the Office.

The Florida Hurricane Catastrophe Fund surcharge has been set at 1% of your premium.
If you have questions about this surcharge, please contact either your CNA agent or the Florida Office of Insurance Regulation.

G300331A (Ed. 07/06)

Page 1 of 1

m

Westchester Specialty Insurance Services, Inc.

466 Market Street
17th Floor
Sen Francisco, CA 94105

415-547-4400 main
415-547-458,2 ••
www.acelimited.com

08/28/2012

AIS AFFINITY INSURANCE AGENCY INC 15303 VENTURA BLVD
12TH FLOOR
SHERMAN OAKS, CA 91403
ATTN: JULIE GRUNENWALD
RE: Insured Name: Community Associations Program

Policy No.:
Company:

G24220631002
Westchester Surplus Lines Insurance Co

.1L Enclosed please find the original and copies of the captioned policy. Please check to see that everything is in order, and let us know if there are any discrepancies or if you have any questions.
.1L Attached to this policy is the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") Advisory Notice to Policyholder,
Enclosed please find the original and copies of Endorsement(s)  for the captioned policy: Endorsement  No.(s) In order to complete our file, please forward :
A copy of the underlying  Liability policy, including  all subsequent endorsements  and/or  policy  changes, A copy of the Lead Umbrella policy,
Copies of the Declarations Pages for the underlying Liability policies Other:
Attached to this policy is the State Surplus Lines Notice.
.1L Please note that you are responsible for obtaining/supplying surplus lines information as shown on Form No.
SLPD (03/08).
Other:

Thank you for working with us on the placement of this risk. We appreciate your support and look forward to working with you in the future.

Regards,
'	/Y/-
Diane M. Anzore
Assistant Vice President - Casualty Division

Please be advised that we do not review Cenificates of Insurance Issued by you, or by any party, relating to this policy of Insurance either for content or accuracy. Accordingly, we request that you do not provide copies of cenificates to  us for review  or for  our  records.  Authority  is  granted to you for the limited purpose of issuing unmodified ACORD Cenlficatea (ACORD 25-S for Casualty and ACORD 24 for Property and
Inland Marlnel only. It is your responsibility to see that any Certificate provides an accurate representation of the coverage form and endorsements applicable to this policy at the time the Certificate is issued. &!:t modification of the approved ACORD forms spec:lfically set forth above, or the Issuance of a non-approved Certificate of Insurance ACORD or other Is prohibited. Certificates of Insurance are never recognized as endorsements or policy change requests. You must submit a separate written request If an endorsement or pol!cy change (including but not
limited to adding additional Insureds, loss payees and mortgagees and/or alteration of notice requirements for cancellation) is requested. In the event a policy change is requested, the underwriter will adv1se if the request is acceptable to the Company,
One of the ACE Group of Insurance & Reinsurance Companies

Westchester Surplus Lines
INSURANCE COMPANY

1i 57!5 Great Oaks Way, Suite 200
Alpharetta, GA 30022

NOTICE

POLICY NO:	G24220631002
NAME OF INSURED:	CommunitV Associations Program

ADDRESS:	200 East Randolph Street Chicago, IL 60601

We are pleased to enclose your policy for this account.

Please be advised that by binding this risk with the above referenced Surplus Lines insurance Company, you agree that as the Surplus Lines Broker responsible for the placement of this insurance policy, it is your obligation to comply with ail States Surplus Lines Laws including completion of any declarations/affidavits that must be filed as well as payment of any and ail Surplus Lines taxes that must be remitted to the State(s). We will look to you for Indemnification if controlling Surplus Lines Laws are violated by you as the Surplus Lines Broker responsible for the placement.

You further confirm that any applicable  state requirement  concerning  a diligent  search  for  coverage by admitted carriers has been fulfilled in accordance with state law.

Thank you for this placement and your regulatory compliance,

Date: 08/28/2012

WSG-084 105/111

m
ACE Producer Compensation Practices & Policies
ACE believes that policyholders should have access to information about ACE's practices and policies related to the payment of compensation to brokers and independent agents, You can obtain that information by accessing our website at http://www.aceproducercompensation.com or by calling the following toll-free telephone number: 1-866-512-2862.

ALL-20887 (10/06)

Page 1 of 1

m
QUESTIONS ABOUT YOUR INSURANCE?

Answers to questions about your insurance, coverage information, or assistance in resolving complaints can be ob• tained by contacting:

ACE Customer Support Services Department: 436 Walnut Street
Philadelphia,  Pennsylvania 19106-3703
Telephone  Number: 1·800-352-4462

The Illinois Division of Insurance may also be contacted for assistance. insurance analysts are available to answer general questions by phone at our toil-free Consumer Assistance Hotline (866) 445-5364. However, complaints must be submitted in writing.

How to file a complaint with the Insurance Department: Complaints may be submitted in the following ways:
On-line at www.lns.state.il.us and by following the instructions posted.
By fax: (217) 558-2083
By mail: 320 W. Washington St. Springfield, IL 62767

ALL-18653b 106/08)

m
Claims Directory
Primary General Liability and Auto
Claims or Loss Notices related to this policy should be reported to the following:

Claim Office	Email and Fax	Location	

ACE
Westchester Claims	
First Notices Email: WSGCASCLAIMS@ACEGROUP.COM	
P.O. Box 5119 Scranton, PA 18505-0549	
	First Notices Fax:
215.640.5041 or
1.877.746.4686
General Correspondence Fax: 1-866-635-5688		

MA-608266g 108/09)

Page 1 of 1

COMMERCIAL  GENERAL LIABILITY
CG P 011  05 09

RECORDING AND DISTRIBUTION OF MATERIAL OR INFORMATION IN VIOLATION OF LAW EXCLUSION ENDORSEMENT ADVISORY NOTICE TO POLICYHOLDERS

This Notice does not form a part of your insurance contract. No coverage is provided by this Notice, nor can it be construed to replace any provisions of your policy (including its endorsements). If there is any conflict between this Notice and the policy (including its endorsements), the provisions of the policy (Including Its endorsements) shall pr­ evail.

Carefully read your policy, including the endorsements attached to your policy.

This Notice provides information concerning the following new endorsement, which applies to your renewal policy being issued by us:

Recording And Distribution Of Material Or Information In Violation Of Law Exclusion Endorsement CG 00 680509

This endorsement replaces the current Distribution Of Material In Violation Of Statutes Exclusion in your policy with a revised exclusion, newly titled Recording And Distribution Of Material Or Information In Violation Of Law Exclusi­ on. The revised exclusion contains language that elaborates on the intent of the Distribution of Material In Violation Of Statutes Exclusion to reflect that, in addition to the TCPA and CAN-SPAM Act of 2003, the exclusion will more explicitly exclude liability coverage for bodily injury, property damage or personal and advertising injury arising out of any action or omission that violates, or is alleged to violate, the Fair Credit Reporting Act (FCRA), and any ame­ ndment of or addition to such law, including the Fair and Accurate Credit Transactions Act (FACTA) and any other
similar federal, state or local statute, ordinance or regulation concerning disposal and dissemination of personal in­ formation.

CG P 011 05 09

®   Insurance  Services Office, Inc..  2008	Page 1 of 1

IL N 175 11 11
ILLINOIS NOTICE TO POLICYHOLDERS REGARDING THE RELIGIOUS FREEDOM PROTECTION AND CIVIL UNION ACT

Dear Policyholder:

This is to provide notice that, pursuant to Illinois  Department  of  Insurance  Company  Bulletin  2011-06  (CB 2011-06), this policy Is in compliance with the Illinois Religious Freedom Protection and Civil Union Act ("the Act•, 750 ILL. COMP. STAT. 75/1), The Act, which became effective on June  1,  2011,  creates  a  legal  relationship between two persons of either the same or opposite sex who establish a civil union.

The Act provides that parties to a civil union are  entitled  to  the  same legal obligations,  responsibilities, protections and benefits that are afforded or recognized by  the  law  of  Illinois  to  spouses,  whether  they  are  derived  from statute, administrative rule, policy, common law or any source of civil or criminal law. In addition, this law requires recognition of a same-sex civil  union,  marriage,  or  other  substantially  similar  legal  relationship,  except  for common law marriage, legally entered into in other jurisdictions, The Act  further  provides  that  "party  to  a  civil union• shall be included in any definition or use of the terms "spouse", "family", "immediate  family",  "dependent•, "next of kin" and other terms descriptive of spousal relationships as those terms are used  throughout  the  law.  According to CB 2011-06, this includes the terms "marriage" or "married" or any variations thereof. CB 2011-06
also states that if policies of insurance provide coverage for children, the children of civil unions must also be provided coverage.

IL N  176 11 11	®   Insurance Services  Office, Inc,. 2011	Page 1 of 1

IL P 001 01 04

U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC")
ADVISORY NOTICE TO POLICYHOLDERS

No coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of your policy, You should read your policy and review your Declarations page for complete information on the coverages you are provided.
This Notice provides information concerning possible impact on your insurance coverage due to directives Issued by OFAC. Please read this Notice carefully.
The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on Presiden­ tial declarations of •national emergency•, OFAC has identified and listed numerous:
Foreign agents;
Front organizations;
Terrorists;
Terrorist organizations; and
Narcotics traffickers;
as 'Specially Designated Nationals and Blocked Persons•, This list can be located on the United States Treasury's web site - http//www.treas.gov/ofac.
In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or entity claiming the benefits of this insurance has violated U.S. sanctions law or Is a Specially Designated National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen contract and all provisions of this insurance are immediately subject to OFAC. When an insurance policy is considered to be such a blocked or frozen contract, no payments nor premium refunds may be made without authorization from OFAC. Other limitations on the premiums and payments also apply,

IL P 001 01 04

., ISO  Properties, Inc., 2004	Page 1 of 1

m	Policy Declarations
Policy No:	G24220631002	jRenewal of:	G24220631001

NAMED INSURED & MAILING ADDRESS

Community Associations Program
200 East Randolph Street Chicago, IL 60601

POLICY PERIOD	
When	Coverage	Begins:	08/01/2012	12:01	A.M. Local Time At	Named lnsured's	Address	
When	Coverage	Ends:	08/01/2013	12:01	A.M. Local Time At	Named lnsured's	Address	

INSURING COMPANY

Westchester Surplus Lines Insurance Co

Producer's Name & Address:
AIS AFFINITY INSURANCE AGENCY INC
15303 VENTURA BLVD
12TH FLOOR
SHERMAN OAKS CA 91403

Producer No.278375

This contract is issued,  pursuant  to Section  445 of the Illinois Insurance Code, by a company not authorized and licensed to transact business in Illinois and as such is not covered by the Illinois Insurance Guaranty Fund.

ATTACHED FORMS

This policy is completed by the following: WSG 054 (01/10) and forms and endorsements attached thereto.

m	Commercial General Liability Policy Declarations
l Policy No:	G24220631002	I Renewal of:	G24220631001

Item 1.	j NAMED INSURED & MAILING ADDRESS		
	Community Associations Program
200 East Randolph Street Chicago, IL 60601		

Item 2.	I POLICY PERIOD
When Coverage Begins: When Coverage Ends:	

08/01/2012

08/01/2013	

12:01

12:01	

A.M. Local Time At Named lnsured's

A.M. Local Time At Named lnsured's	
Address Address	

Item 3.	INSURING COMPANY
Westchester Surplus Lines Insurance Co

Producer's Name & Address:
AIS AFFINITY INSURANCE AGENCY INC
15303 VENTURA BLVD
12TH FLOOR
SHERMAN OAKS CA 91403

Producer No. 278375

Item 4.	LIMITS OF INSURANCE	
	EACH OCCURRENCE LIMIT
DAMAGE TO PREMISES RENTED TO YOU MEDICAL EXPENSE LIMIT
PERSONAL & ADVERTISING INJURY LIMIT
GENERAL AGGREGATE LIMIT (OTHER THAN PRODUCTS/COMPLETED OPERATIONS)
PRODUCTS/COMPLETED OPERATIONS AGGREGATE LIMIT	$	1,000,000	
		$	100,000	Any One Premises	
		$	6,000	AnJl One Person	
		Any One Person
     $		1,000,000	Or Organization
$	2,000,000	
		
$	2,000,000	

Item 5.

I ATTACHED FORMS
Endorsements as Listed on Schedule of Endorsements No. CPFS2

m	Commercial General Liability Policy Declarations
Policy No:	G24220631002	Renewal of:	G24220631001

Item 6,	PREMIUM DFLAT (except for acquisitions)
[xi ADJUSTABLE
Minumum Premium Applies	00 Yes	ONo	
	Advance Premium:	$322,868.00

Total Amount Due:	$322,868.00	Rate:
See Rates Schedule Endorsement • GLE 0033 (01/99)

Estimated  Exposure: 18,025 Single Family Units
3, 144 Multi Family Units
64 Pools
102 Associations	

Item 7.	I Authorization Information
Countersigned by:	

Forms Schedule

Company:	Westchester Surplus lines Insurance Co

SYM:  GLW	Polley ID: G24220631002

Policy Period	When Coverage Begins:	08/01/2012
When Coverage Ends:	08/01/2013

12:01 A.M. Standard Time At Named lnsured's Address 12:01 A.M, Standard Time At Named lnsured's Address

CPFS2
5

Form Number

SLPD (03/081 WSG 054 (01/101 LD-5S23i (12/11) CG 00  01 (12/07)
IL 00 17 (11/98) ALL-21101 (11/06) CG 20 04 (11/851
CG 20  26 (07/041
CG  21  70 (01/08)
CG 25 04 (05/09) GLE0027 (08/98) GLE0033 (01/991 GLE0037 (06/99) GLE0052 (02/07) IL 01 47 (09/111
IL 09  85 (01/08)
CG 00  68 (05/091

CG  21  16 (07/98)
CG  21  34 (01/87)
CG  21  41 (11/86)
CG 21  44 (07/98)
CG 21  46 (07/98)
CG 21  47 112/07)
CG 21  64 (01/96)

CG 21  65 (12/04)

CG 21  67 (12/04)
CG  21  96 (03/06)

Form Title

Policy Declarations
Commercial General Liability Policy Declarations Signature Endorsement
Commercial General Liability Coverage Form Common Policy Conditions
Trade Or Economic Sanctions Endorsement Additional Insured - Condominium Unit Owners
Additional Insured - Designated Person Or Organization Cap On Losses From Certified Acts Of Terrorism Designated Location(s) General Aggregate Limit Employee Benefits Liability Endorsement
Rates Schedule Endorsement
Hired And Non-Owned Auto Liability Coverage Minimum Earned Premium Provision
ILLINOIS CIVIL UNION
Disclosure Pursuant To Terrorism Risk Insurance Act
Recording And Distribution of Material or Information In Violation of Law Exclusion
Exclusion - Designated Professional Services Exclusion - Designated Work
Exclusion - lntercompany Products Suits
Limitation Of Coverage To Designated Premises Or Project Abuse Or Molestation Exclusion
Employment-Related Practices Exclusion
Exclusion - Designated Operations Covered By A Consolidated (Wrap-Up) Insurance Program
Total Pollution Exclusion With A Building Heating Equipment Exception And A Hostile Fire Exception
Fungi Or Bacteria Exclusion
Silica Or Silica Related Dust Exclusion

Paga 1 of 2

Forms Schedule

Company:	Westchester Surplus Lines Insurance Co

SYM:  GLW	Policy ID: G24220631002

Policy Period	When Coverage Begins:	08/01/2012
When Coverage Ends:	08/01/2013

12:01 A.M. Standard Time At Named lnsured's Address 12:01 A.M. Standard Time At Named lnsured's Address

Form Number

CG 22  34 (0 7/98)
CG 22 43 (07  /98)
CG  22  94 (10/01)

GLX0001 (01/96) GLXOO11 (06/99)
IL 00 21 (09/08)
MANA 0087 (06/02) ULX0006 (01/97) ULX0006 (04/98) XS-2X36c (11/11)
MS 2728 (07/11)
MS 3367 (08/11)

Form Title

Exclusion • Construction Management Errors And Omissions Exclusion - Engineers, Architects Or Surveyors Professional Liability
Exclusion - Damage To Work Performed By Subcontractors On Your Behalf
Discrimination Exclusion Exclusion - Designated Entity
Nuclear Energy Liability Exclusion Endorsement (Broad Form) Exterior Insulation And Finish System Exclusion (EFIS)
Lead Exclusion
Absolute  Asbestos  Exclusion Service of Suit Endorsement - Illinois
Exclusion - Animals
Imported Building Materials Exclusion

CPFSZ
6	Page 2 of 2

Named Insured Community Associations Program
I	Endorsement	Number	
Policy Symbol
GLW	Policy N-Llmber
G24220631002	Polley Period
08/01/2012	
to	
08/01/2013	Effective Date of Endorsement'
08/01/2012	
Insured By (Nenie of Insurance Campany)
Westchester Sur_e_lus Lines Insurance Co	
SIGNATURE ENDORSEMENT
THE ONLY SIGNATURES APPLICABLE TO THIS  POLICY  ARE  THOSE  REPRESENTING  THE  COMPANY NAMED ON THE FIRST PAGE OF THE DECLARATIONS.

By signing and delivering the policy to you, we state that It is a valid contract when countersigned by  our authorized representative.

ILLINOIS UNION INSURANCE COMPANY (A stock company)
525 W. Monroe Street, Suite 400, Chicago, Illinois 60661

WESTCHESTER SURPLUS LINES INSURANCE COMPANY (A stock company)
Royal Centre Two, 11575 Great Oaks Way, Suite 200, Alpharetta, GA 30022

L	:,r=/.?1;
CARMINE A. GIGANTI, Secretary

Authorized Representative

LD-6S231 {12/111

COMMERCIAL GENERAL LIABILITY
CG00011207
COMMERCIAL GENERAL LIABILITY COVERAGE FORM

Various provisions in this policy restrict coverage, Read the entire policy carefully to  determine  rights,  duties and what is and is not covered.
Throughout this policy the words "you• and "your• re­ fer to the Named Insured shown in the Declarations, and any other person or organization qualifying as a Named Insured under this policy, The words "we", "us• and "our• refer to the company providing this in­ surance,
The word "insured" means any person or organization qualifying as such under Section II - Who Is An In­  sured.
Other words and phrases that appear in quotation marks have special meaning. Refer to Section V - Defi­ nitions.
SECTION I - COVERAGES
COVERAGE A BODILY INJURY AND PROPERTY DAM­ AGE LIABILITY
1 , Insuring Agreement
We will pay those sums that the  insured  be­ comes legally obligated to pay as damages be­ cause of "bodily injury• or "property damage" to which this insurance applies. We will have the right and duty to defend the insured against any "suit" seeking those damages, However, we will have no duty to defend the insured against any "suit" seeking damages for "bodily injury• or "property damage" to which this Insurance does not apply.  We may,  at  our  discretion, investigate
any  "occurrence"  and  settle  any claim or "suit"
that may result, But:
111 The amount we will pay for damages is lim­ ited as described in Section Ill - Limits Of In­ surance; and
121 Our right and duty to defend ends when we have used up the applicable limit of  insur­ ance in the payment of judgments or settle­ ments under Coverages A or B or medical expenses under Coverage C.
No other obligation or liability to pay sums or perform acts or services is covered unless expli­ citly provided for under Supplementary Payments
- Coverages A and B.

This insurance applies to "bodily injury• and "property damage" only if:
111 The "bodily injury• or "property damage• is caused by an •occurrence• that takes  place in the "coverage territory";
121 The "bodily injury• or "property damage" oc­ curs during the policy period; and
131 Prior to the policy period, no insured listed under Paragraph 1. of Section II - Who Is An Insured and no  "employee•  authorized  by you to give or receive notice of an "occur•
rence" or claim, knew that the "bodily  inju­ ry" or "property damage" had occurred, in whole or in part, If such a listed insured or authorized "employee" knew, prior to the policy period, that the "bodily Injury• or "property damage• occurred, then any con­ tinuation, change or resumption of  such "bodily injury• or "property  damage•  during or after the policy period will be deemed to have been known prior to the policy period,
"Bodily injury• or "property damage• which oc­ curs during the policy period and  was  not,  prior to the policy period, known to have occurred by any insured listed under  Paragraph  1.  of Section II - Who Is An Insured or any "employee• au­ thorized by you to give or receive notice of an "occurrence" or claim, includes any continuation, change or resumption of that "bodily injury" or
property damage• after the end of the policy period.
"Bodily injury• or "property damage• will be deemed to have been known to have occurred at the earliest time when any insured listed under Paragraph 1. of Section  II  -  Who Is An  Insured or any "employee• authorized by you to give or receive notice of an •occurrence" or claim:
111 Reports all, or any part, of the "bodily injury" or "property damage" to us or any other in• surer;
121 Receives a written or verbal demand or claim for damages because of  the  "bodily  injury•  or "property damage"; or
131 Becomes aware by any other means that "bodily injury• or "property damage" has oc­ curred or has begun to occur.

CG   000112 07	e  ISO Properties, Inc., 2006	Page 1 of 16

Damages because of "bodily injury" include dam­ ages claimed by any person or organization for care, loss of services or death resulting  at  any time from the "bodily injury".
Exclusions
This insurance does not apply to:
Expected Or Intended Injury
'Bodily injury" or 'property damage" expected or intended from the standpoint of the insured. This exclusion does not apply to "bodily injury' re­ sulting from the use of reasonable force to pro­  tect persons or property.
Contractual Llablllty
"Bodlly injury" or 'property damage'  for  which the insured is obligated to pay damages by  rea­ son of the assumption of liability in a contract or agreement. This exclusion does not apply to li­ ability for damages:
11I That the insured would have in the absence of the contract or agreement; or
121 Assumed in a contract  or agreement  that is  an "Insured contract", provided the "bodily injury• or 'property damage" occurs subse­ quent to the execution of the contract or agreement. Solely for the purposes of liability assumed in an "insured contract", reason able attorney fees and necessary litigation expenses incurred by or  for  a  party  other than an insured are deemed to be damages because of "bodily injury" or "property dam­ age", provided:
la) Liability to such party for, or for the  cost of, that party's defense has also been as­ sumed in the same "insured contracta; and
lb) Such attorney fees and litigation expenses are for defense of that  party against a civ­  il or alternative dispute resolution pro­ ceeding in which damages to which this insurance applies are alleged.

Liquor Liability
"Bodily injury" or "property damage" for which any insured may be held liable by reason of:
(1I Causing or contributing to the intoxication of any person;
(21 The furnishing of alcoholic beverages to a person under the legal drinking age or under the influence of alcohol; or
Any statute, ordinance or regulation  relating to the sale, gift, distribution or use of alco­ holic beverages.
This exclusion applies only if you are in the busi­ ness of manufacturing, distributing, selling, serv­ ing or furnishing alcoholic beverages.
Workers' Compensation And Similar Laws
Any obligation of the insured under a workers' compensation, disability benefits or unemploy­ ment compensation law or any similar law.
Employer's Liability
"Bodily injury" to:
11I An "employee" of the insured arising out of and in the course of:
la) Employment by the insured; or
(bl Performing duties related to the conduct of the insured'• business; or
121 The spouse, child, parent,  brother  or  sister  of that "employee" as a consequence of Paragraph (11 above.
This exclusion applies whether the  insured  may be liable as an employer or in any other capacity and to any obligation to share damages with or repay someone else who must pay damages be­ cause of the injury.
This exclusion does not apply to liability as­ sumed by the insured under an "insured con­ tract".

Page 2 of 16	., ISO  Properties, Inc., 2006	CG 00 01 12 07

f, Pollution
"Bodily injury" or "property damage" arising out of the actual, alleged or threatened dis­ charge, dispersal, seepage, migration,  re­ lease or escape of 'pollutants":
la) At or from any premises, site or location which is or was at any time owned or oc­ cupied by, or rented or loaned to, any in­ sured, However, this subparagraph does not apply to:
"Bodily Injury" If sustained within a building and caused by smoke, fumes, vapor or soot produced by or  originat­ ing from equipment  that  is  used  to heat, cool or  dehumidify  the  building, or equipment that is used to heat water for personal use, by the building's oc­ cupants or their guests;
(ii) 'Bodily injury" or  "property  damage" for which you may be held liable, if you are a contractor and the owner  or  les­ see of such premises, site  or  location has been added to your policy as an ad­ ditional insured with respect to your ongoing operations performed for that additional insured at that premises,  site or location and such premises, site or location is not and never was owned or occupied by, or  rented  or  loaned  to, any insured, other than that additional insured; or
(ili)"Bodily injury• or "property damage" arising out of heat, smoke  or  fumes from a • hostile fire•;
At or from any premises, site or location which is or was at any time used by or  for any insured or others for the handling, storage, disposal, processing or treatment of waste;
Which are or were at any time trans­ ported, handled, stored, treated, disposed of, or processed as waste by or for:
Any insured; or
Any person or organization for whom you may be legally responsible; or

At or from any premises, site or location on which any insured or any contractors or subcontractors working directly or indi­ rectly on any insured's behalf are per­ forming operations if the "pollutants" are brought on or to the premises, site or lo­ cation in connection with such operations by such insured, contractor or subcon­ tractor. However, this subparagraph does not apply to:
"Bodily injury• or "property damage" arising out of the escape of fuels, lubri­ cants or other operating fluids which are needed to perform the normal elec­ trical, hydraulic or mechanical functions necessary for the operation of "mobile equipment" or its parts, if such fuels, lubricants or other operating fluids es­ cape from a vehicle part designed to hold, store or receive them. This excep­ tion does not apply if the "bodily in­ jury" or • property damage• arises out  of the intentional discharge,  dispersal or release of the fuels, lubricants or other operating fluids, or if such fuels, lubricants or other operating fluids are brought on or to the premises, site or location with the intent that they be discharged, dispersed or released  as part of the operations being performed by such insured, contractor or subcon­ tractor;
"Bodily injury" or "property damage" sustained within a building and  caused by the release of gases, fumes  or  va­ pors from materials brought into that building in connection with operations being performed by you or on your be­ half by  a  contractor  or  subcontractor; or
"Bodily injury" or "property damage" arising out of heat, smoke  or  fumes  from a "hostile fire'.
At or from any premises, site or location on which any insured or any contractors or subcontractors working directly or indi­ rectly on any insured's behalf are per­ forming operations if the operations are to test for, monitor, clean up, remove, con­ tain, treat, detoxify or neutralize, or  in any way respond to, or assess the effects of, "pollutants".

CG 000112 07	©  ISO Properties, Inc., 2006	Page 3 of 16

(21 Any loss, cost or expense arising out of any:
(al Request, demand, order or statutory or regulatory requirement that any insured or others test for, monitor, clean up, re­ move, contain, treat, detoxify or neutral­ ize, or in any way respond to, or assess the effects of, "pollutants"; or
(bl Claim or "suit" by or on behalf of a gov­ ernnmental authority for damages be­ cause of testing for, monitoring, cleaning up, removing, containing, treating, detoxi• fying or neutralizing, or in any way re­ sponding to, or assessing the effects of, "pollutants".
However, this paragraph does not apply to li­ ability for damages because of "property damage" that the insured would have in the absence of such request, demand, order or statutory or regulatory requirement, or such claim or •suit" by or on behalf of a govern­ mental authority.
Aircraft, Auto Or Watercraft
"Bodily injury" or "property damage" arising out of the ownership, maintenance, use or entrust­ ment to others of any aircraft, "auto" or water­ craft owned or operated by or rented  or loaned to any insured. Use includes operation and "load­ ing or unloading".
This exclusion applies even if the claims against any insured allege negligence or other wrong­ doing in the supervision, hiring, employment, training or  monitoring  of  others  by that insured, if the "occurrence" which caused the "bodily in• jury" or "property damage" involved the owner­ ship, maintenance, use or entrustment  to others of any aircraft,  "auto"  or  watercraft  that  is owned or operated by or rented or loaned to any insured.
This exclusion does not apply to:
(1 I A watercraft while ashore on premises you
own or rent;
(21 A watercraft you do not own that is:
(al Less than 26 feet long; and
(b) Not being used to carry persons or prop­ erty for a charge;
(3) Parking an "auto•  on,  or  on  the  ways  next to, premises you own or rent, provided the
•auto" is not owned  by  or  rented  or  loaned to you or the insured;
(41 Liability assumed under any "insured con• tract" for the ownership, maintenance  or  use of aircraft or watercraft; or

(5) "Bodily injury" or "property damage" arising out of:
(al The operation of machinery or equipment that is attached to, or part of, a land ve­ hicle that would qualify under the defini­ tion of "mobile equipment" if it were not subject to a compulsory or financial re­ sponsibility law or other motor vehicle In­ surance law in the state where it Is Ii• censed or principally garaged; or
(b) the operation of any of the machinery or equipment listed in Paragraph f.(21 or f.(31 of the definition of "mobile equipment".
Mobile Equipment
"Bodily injury" or "property damage" arising out of:
The transportation of "mobile equipment" by an "auto• owned or operated by or rented or loaned to any insured; or
The use of "mobile  equipment"  in, or  while in practice for, or while being prepared for, any prearranged racing, speed, demolition, or stunting activity.
War
"Bodily injury' or "property damage", however caused, arising, directly or indirectly, out of:
War, including undeclared or civil war;
Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any  govern­ ment, sovereign or other authority using mili• tary personnel or other agents; or
Insurrection, rebellion, revolution, usurped power, or action taken by governmental au­ thority in hindering or defending  against any of these.
Damage To Property
"Property damage" to:
Property you own, rent, or occupy, including any costs or expenses incurred  by  you,  or any other person, organization or entity, for repair, replacement, enhancement, restora­ tion or maintenance of such property for any reason, including prevention of injury to a person or damage to another's property;
Premises you sell, give away or abandon, if  the "property damage" arises out of  any part of those premises;
Property loaned to you;
(41 Personal property in the care, custody or control of the insured;

Page 4 of 16	© ISO Properties, Inc., 2006	CG000112O7

151 That particular part of real property on which you or any contractors or subcontractors working directly or indirectly on your behalf are performing operations, if the "property damage" arises out of those operations; or
161 That particular part  of  any  property  that must be restored, repaired or replaced  be cause "your work" was  incorrectly  per­ formed on it.
Paragraphs (1), (31 and (41 of this exclusion do not apply to "property damage" (other than dam­ age by fire) to premises,  including  the  contents of such premises, rented to you for a period of  7  or fewer consecutive days, A separate limit of insurance applies to Damage To Premises Rented To You as described in Section Ill - Limits Of In• surance,
Paragraph (2) of this exclusion does not apply  if the premises are "your work" and were never occupied, rented or held for rental by you.
Paragraphs (3), (4), (5) and (61 of this exclusion do not apply to liability assumed under a side track agreement.
Paragraph 16) of this exclusion does not apply to "property damage• included in the "products-completed operations hazard".
Damage To Your Product
"Property damage" to 'your  product" arising  out of it or any part of it.
I. Damage To Your Work
"Property damage" to "your work" arising out of it or any part of it and included in the "products-completed operations hazard".
This exclusion does not apply if the damaged work or the work out of which the  damage arises was performed on your behalf by a sub­ contractor,
Damage To Impaired Property Or Property Not Physically Injured
"Property damage" to "impaired property" or property that has not been physically injured, arising out of:
11l A defect, deficiency, inadequacy or danger­ ous condition in "your product" or "your work"; or
121 A delay or failure by you or anyone acting on your behalf to perform a contract or agree­ ment in accordance with its terms.

This exclusion does not apply to  the  loss of  use of other property arising out of sudden and acci­ dental physical injury to "your product" or "your work" after It has been put to its Intended use.
Recall Of Products, Work Or Impaired Property
Damages claimed for any loss, cost or expense incurred by you or others for the loss of use, withdrawal, recall, inspection, repair, replace­ ment, adjustment, removal or disposal of:
111 "Your product"; 121 "Your work"; or
(3) "Impaired property";
If such product, work, or  property  is withdrawn or recalled from the market or from use by any person or organization because of a known or suspected defect, deficiency, inadequacy or dan­ gerous condition in it.
Personal And Advertising Injury
"Bodily injury" arising out of "personal and ad­ vertising injury•.
Electronic Data
Damages arising out of the loss  of,  loss  of  use of, damage to, corruption of, inability to  access,  or inability to manipulate electronic data.
As used in this exclusion, electronic data means information, facts or programs stored as or on, created or used on, or transmitted to or from computer software, including systems and appli­ cations software, hard  or  floppy  disks, CD-ROMS, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment.
Distribution Of Material In Violation Of Statutes
"Bodily injury" or "property damage" arising di· rectly or indirectly out of any action or omission that violates or is alleged to violate:
111 The Telephone Consumer Protection Act (TCPA), including any amendment of or addi­ tion to such law; or
(21 The CAN-SPAM Act of 2003, including any amendment of or addition to such law; or
13) Any statute, ordinance or regulation,  other than the TCPA or CAN-SPAM Act of 2003, that prohibits or limits the sending, transmit· ting, communicating or distribution of materi· al or information.

CG00011207	©  ISO Properties, Inc., 2006	Page 5 of 16

Exclusions c. through n. do not apply to damage by fire to premises while rented to you or temporarily occupied by you with permission of the owner. A separate limit of insurance applies  to  this  coverage as described in Section Ill - Limits Of Insurance.
COVERAGE B PERSONAL AND ADVERTISING INJURY LIABILITY
Insuring Agreement
We will pay those sums that the insured  be­  comes legally obligated to pay as damages be­ cause of "personal and advertising  injury•  to which this insurance applies. We will have the right and duty to defend the insured against any 'suit" seeking those damages. However, we will have no duty to defend the insured against any "suit" seeking damages for 'personal and adver­ tising injury' to which this insurance does not apply. We may, at our discretion, investigate any offense and settle any claim or •suit" that may result. But:
(1I The amount we will pay for damages is lim­ ited as described in Section Ill - Limits Of In• surance; and
(2) Our right and duty to defend end  when  we have used up the applicable limit of  insur­ ance in the payment of judgments or settle­ ments under Coverages A or B or medical expenses under Coverage C.
No other obligation or liability to pay sums or perform acts or services is covered unless explic­ itly provided for under Supplementary Payments
- Coverages A and B.
This insurance applies to "personal and advertis­ ing injury• caused by an offense arising out  of your business but only if the offense was com­ mitted in the •coverage territory• during the poli­ cy period.
Exclusions
This insurance does not apply to:
Knowing Violation Of Rights Of Another
"Personal and advertising injury• caused by or at the direction of the insured with the  knowledge that the act would violate the rights of another
and would inflict "personal and advertising in­ jury",
Material Published With Knowledge Of Falsity
"Personal and advertising injury' arising out  of oral or written publication of material, if done by or at the direction of the insured with knowledge  of Its falsity.

Material Published Prior To Policy Period
"Personal and advertising injury' arising out  of oral or written publication of material whose first publication took place before  the  beginning  of the policy period.
Criminal Acts
'Personal and advertising injury• arising out of a criminal act committed by or at the direction  of the insured,
Contractual Liability
"Personal and advertising injury• for which the insured has assumed liability in a contract or agreement. This exclusion does not apply to li­ ability for damages that  the insured  would  have in the absence of the contract or agreement.
Breach Of Contract
Personal and advertising injury• arising out of a breach of contract, except an implied contract to us.e another's advertising idea in your 'advertise­ ment",
Quality Or Performance Of Goods - Failure To Conform To Statements
"Personal and advertising injury" arising out of the failure of goods, products or services to con­ form with any statement of quality or perform­ ance made in your "advertisementn.
Wrong Description Of Prices
"Personal and advertising injury• arising  out  of the wrong description of the price of goods, products or services stated in your "advertise­ ment".
Infringement Of Copyright, Patent, Trademark Or
Trade Secret
"Personal and advertising injury• arising out of the infringement of copyright, patent, trademark, trade secret or other intellectual property rights. Under this exclusion, such other intellectual property rights do not include the use of anoth• er's advertising idea in your "advertisement•.
However, this exclusion does not apply to in­ fringement, in your "advertisement•, of copy­ right, trade dress or slogan.
Insureds In Madie And Internet Type Businesses
"Personal and advertising injury•  committed  by an insured whose business is:
Advertising, broadcasting, publishing or tele­
casting;
Designing	or	determining	content	of web-sites for others; or

Page 6 of 16

e> ISO Properties, Inc., 2006	CG 00 0112 07

(31 An Internet search, access,  content  or  serv- ice provider,
However, this exclusion does not apply to Para­ graphs 14.a., b. and c, of "personal and adver­ tising injury• under the Definitions Section.
For the purposes of this exclusion, the placing of frames, borders or links, or  advertising,  for  you or others anywhere on the Internet, is not by it­ self, considered the business of advertising, broadcasting, publishing or telecasting.
k, Electronic Chatrooms Or Bulletin Boards
'Personal and advertising  injury'  arising  out  of an electronic chatroom or bulletin board the in­ sured hosts, owns, or over which the insured ex­ ercises control,
Unauthorized Use Of Another's Name Or Product
"Personal and advertising injury'  arising  out  of the unauthorized use of another's name or  prod­ uct in your e-mail address, domain name or metatag, or any other similar tactics to mislead another's potential customers.
Pollution
Personal and advertising injury' arising  out  of the actual, alleged or threatened discharge, dis­ persal, seepage, migration, release or escape of
pollutants" at any time.
Pollution-Related
Any loss, cost or expense arising out of any:
(1l Request, demand, order or statutory or regu­ latory requirement that any insured or others test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of, 'pollu­ tants"; or
(21 Claim or suit by or on behalf of a govern­ mental authority for damages because of testing for, monitoring, cleaning up, remov­ ing, containing, treating, detoxifying or neu­ tralizing, or in any way responding to, or as­ sessing the effects of, 'pollutants•.
War
'Personal and  advertising  injury',  however caused, arising, directly or indirectly, out of:
(11 War, including undeclared or civil war;
(21 Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any govern­  ment, sovereign or other authority using mili­ tary personnel or other agents; or

(31 Insurrection, rebellion, revolution, usurped power, or action taken by governmental au­ thority in hindering or defending  against any of these.
Distribution Of Material In Violation Of Statutes
'Personal and advertising Injury'  arising  directly or indirectly out of any action or omission that violates or is alleged to violate:
(11 The Telephone Consumer Protection Act (TCPA), including any amendment of or addi­ tion to such law; or
(21 The CAN-SPAM Act of 2003, including any amendment of or addition to such law; or
(31 Any statute, ordinance or regulation,  other than the TCPA or CAN-SPAM Act of 2003, that prohibits or limits the sending, transmit­ ting, communicating or distribution of materi­ al or information.
COVERAGE C MEDICAL PAYMENTS
. Insuring Agreement
We will pay medical expenses as described be­
low for "bodily injury" caused by an accident:
(1l On premises you own or rent;
(21 On ways next to premises you own or rent; or
(31 Because of your operations; provided that:
(al The accident takes place in the "coverage territory' and during the policy period;
(bl The expenses are incurred and reported  to us within one year of the date of the acci­ dent; and
(cl The injured person submits to examina­  tion, at our expense, by physicians of our choice as often as we reasonably require.
We will make these payments regardless of fault. These payments will not exceed the appli­ cable limit of insurance, We will pay reasonable expenses for:
(11 First aid administered at the time of an acci­ dent;
(21 Necessary medical, surgical, x-ray and dental services, including prosthetic devices; and
(31 Necessary ambulance, hospital, professional nursing and funeral services.

CG  00 0112 07	© ISO Properties, Inc., 2006	Page 7 of 16

2, Exclusions
We will not pay expenses for "bodily injury":
Any Insured
To any insured, except "volunteer workers",
Hired Person
To a person hired to do work for or on behalf of any insured or a tenant of any Insured.
c, Injury On Normally Occupied Premises
To a person injured on that part of premises you own or rent that the person normally occupies.
d. Workers Compensation And Similar Laws
To a parson, whether or not  an  "employee"  of any insured, if benefits for the "bodily injury" are payable or must be provided under a workers' compensation or disability benefits law or a simi­ lar law.
a. Athletics Activities
To a person injured while practicing,  instructing or participating in any physical exercises  or games, sports, or athletic contests,
Products-Completed Operations Hazard
Included within the "products-completed opera­ tions hazard•.
Coverage A Exclusions
Excluded under Coverage A.
SUPPLEMENTARY PAYMENTS - COVERAGES A AND
B
We will pay, with respect to any claim we investi­ gate or settle, or any "suit" against an insured we defend:
All expenses we incur.
Up to $250 for cost of bail bonds required be­ cause of accidents or traffic law violations  aris­ ing out of the use of any vehicle to which the Bodily Injury Liability Coverage applies. We do not have to furnish these bonds.
The cost of bonds to release attachments, but only for bond amounts within the applicable limit of insurance, We do not have to furnish these bonds.
All reasonable expenses  incurred  by the  insured at our request to assist us in the Investigation or defense of the claim or "suit",  including  actual loss of earnings up to $250  a  day  because  of time off from work.
All court costs taxed against the insured in the "suit". However, these payments do not include attorneys' fees or attorneys' expenses taxed against the insured.

Prejudgment interest awarded against  the  in­ sured on that part of the judgment we pay. If we make an offer to pay the applicable limit of insur­ ance, we will not pay any prejudgment interest based on that period of time after the offer,
All interest on the full amount of any judgment that accrues after entry of the judgment and be­ fore we have  paid,  offered  to  pay, or  deposited in court the part of the  judgment  that  is within  the applicable limit of insurance.
These payments will not reduce the limits of insur­
ance,
If we defend an insured against a "suit" and an in­ demnitee of the insured Is also named as a party  to the "suit", we will defend that indemnitee  if  all  of the following conditions are met:
The "suit" against the indemnitee seeks damages for which the insured has assumed the liability of the indemnitee in a contract or agreement that  is an "insured contract";
This insurance applies to such liability assumed  by the insured;
The obligation to defend, or the cost of the de­ fense of, that indemnitee, has  also  been  as­ sumed by the insured in the same "insured con­ tract11;
The allegations in the "suit" and the information we know about the "occurrence• are such  that no conflict appears to exist between the inter­ ests of the insured and the interests of the in­ demnitee;
The indemnitee and the insured ask us to  con­ duct and control the defense of that indemnitee against such "suit" and agree that we can  assign the same counsel to defend the insured and the indemnitee; and
The indemnitee:
Agrees in writing to:
Cooperate with us in the investigation, settlement or defense of the "suit";
lb) Immediately send us copies of any de­ mands, notices, summonses or legal pa­ pers received in connection  with  the "suit";
(cl Notify any other  insurer  whose  coverage is available to the indemnitee: and
(d) Cooperate with us with respect to coordi­ nating other applicable insurance available to the indemnitee; and
Provides us with written authorization to:
(al Obtain records and other information re­ lated to the "suit": and

Paga 8 of 16

@  ISO Properties, Inc., 2006	CG00011207

(b) Conduct and control the defense of the
indemnitee in such "'suit".
So long as the above conditions are met, attorneys' fees incurred by us in the defense of that  indemnit­ ee, necessary litigation expenses incurred by us and necessary litigation expenses incurred by the indem­ nitee at our request will be paid as Supplementary
Payments, Notwithstanding the provisions of Para­ graph 2.b.(2) of Section I - Coverage A - Bodily In­ jury And Property Damage Liability, such payments will not be deemed to be damages for "bodily in­ jury" and "property damage" and will  not  reduce the limits of insurance.
Our obligation to  defend  an  insured's  indemnitee and to pay for attorneys' fees  and necessary  litiga­ tion expenses as Supplementary Payments  ends when we have used up the applicable limit of insur­ ance in the payment of judgments or settlements  or the conditions set forth above, or the terms of the agreement described in Paragraph f. above, are no longer met,
SECTION II - WHO IS AN INSURED
If you are designated in the Declarations as:
a, An individual, you and your spouse are insureds, but only with respect to the conduct of a busi­ ness of which you are the sole owner.
A partnership or joint venture, you are an in­ sured. Your members, your partners, and their spouses are also insureds, but only with respect to the conduct of your business.
A limited liability company, you are an insured. Your members are also insureds, but only with respect to the conduct of your business. Your managers are insureds, but only with respect to their duties as your managers.
An organization other than a partnership, joint venture or limited liability company, you are an insured. Your "executive officers" and directors are insureds, but only with respect to their du­ ties as your officers or directors. Your stockhold­ ers are also insureds, but only with respect to their liability as stockholders.
e, A trust, you are an insured. Your trustees are al­ so insureds, but only with respect to their duties as trustees.

Each of the following is also an insured:
Your "volunteer workers" only while performing duties related to the conduct of your  business, or your "employees", other than either your "ex­ ecutive officers" (if you are an organization other than a partnership, joint venture or limited liabil­ ity company) or your managers (If you are a lim­ ited liability company), but only for acts  within the scope of their employment by you or while performing duties related to the conduct of your business. However, none of these "employees" or "volunteer workers" are insureds for:
"Bodily injury" or "personal and advertising injury":
To you, to your partners or members (If you are a partnership or joint venture), to your members (if you are a limited liability company), to a co-"employee" while in the course of his or her employment or performing duties related to the conduct of your business, or to your other "volun­ teer workers" while performing duties re­ lated to the conduct of your business;
(bl To the spouse, child, parent, brother or sister of that co-"employee" or "volunteer worker" as a consequence of Paragraph (11(a) above;
For which there is any obligation to share damages with or repay someone else who must pay damages because of the injury described in Paragraphs (11(a)  or  (b) above; or
Arising out of his or her providing or fail­ ing to provide professional health care services.
• Property damage" to property:
Owned, occupied or used by,
(bl Rented to, in the care, custody or control of, or over which physical control is being exercised for any purpose by
you, any of your "employees", "volunteer workers•, any partner or member (if you are a partnership or joint venture), or any member (if you are a limited liability company).

CG00011207	e> ISO Properties, Inc., 2006	Page 9 of 16

Any person (other than your "employee" or "vol­ unteer worker"), or any organization while  acting as your real estate manager.
Any person or organization having proper tempo­ rary custody of your property if you die, but on­ ly:
(1I With respect to liability arising out of the maintenance or use of that property; and
(2) Until your legal representative has been ap­
pointed.
Your legal representative if you die, but only with respect to duties as such. That representa­ tive will have all your rights and duties under this Coverage Part.
Any organization you newly acquire or form, other than a partnership, joint venture or limited liability company, and over  which  you  maintain  ownership or majority  interest,  will qualify  as  a Named Insured if there is no  other  similar  insurance  available  to that organization. However:
Coverage under this provision is afforded only until the goth day after you acquire or form the organization or the end of the policy period, whichever is earlier;
Coverage A does not apply to "bodily injury" or
property damage" that occurred before you ac­ quired or formed the organization; and
Coverage B does not apply to "personal and ad­ vertising injury" arising out of an offense com­ mitted before you acquired or formed the organi­ zation.
No person or organization is an insured with respect to the conduct of any current or past partnership, joint venture or limited liability company that is not  shown as a Named Insured in the Declarations.
SECTION Ill - LIMITS OF INSURANCE
The Limits of Insurance shown in the  Declarations and the rules below fix the most we will pay regard­ less of the number of:
Insureds;
Claims made or "suits• brought; or
Persons or organizations making claims or bring­
ing nsuitsn.
The General Aggregate Limit Is the most we will pay for the sum of:
11. Medical expenses under Coverage C;
Damages under Coverage A, except damages be­ cause of "bodily injury" or "property damage" in­ cluded in the "products-completed operations hazard"; and
Damages under Coverage B.

The Products-Completed Operations Aggregate Lim­ it is the most we will pay under Coverage A for damages because of "bodily injury' and 'property damage" included in the "products-completed oper­ ations hazard".
Subject to Paragraph 2. above, the Personal and Advertising Injury Limit is the most we will pay under Coverage B for the sum of all damages be­ cause of all "personal and advertising injury" sus­ tained by any one person or organization.
Subject to Paragraph 2. or 3. above, whichever ap­ plies, the Each Occurrence Limit is the most we will pay for the sum of:
Damages under Coverage A; and
Medical expenses under Coverage C
because of all "bodily injury" and "property dam­
agen arising out of any one "occurrence".
Subject to Paragraph 5. above, the Damage To Premises Rented To You Limit is the most we will pay under Coverage A for damages because of "property damage" to any one premises, while rent­ ed to you, or in the case of damage by fire, while rented to you or temporarily occupied by you with permission of the owner.
Subject to Paragraph 5. above, the Medical Expense Limit is the most we  will pay under  Coverage  C for all medical expenses because of "bodily injury" sus­ tained by any one person.
The Limits of Insurance of this Coverage Part apply se­ parately to each consecutive annual period and to any remaining period of less than 12 months, starting with the beginning of the policy period shown in the Decla­ rations, unless the policy period is extended after Issu­ ance for an additional period of less than  12 months. In that case, the additional period will be deemed part of the last preceding period for purposes of determin­ ing the Limits of Insurance.
SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS
Bankruptcy
Bankruptcy or insolvency of the insured or of the in­ sured's estate will not relieve us of our obligations under this Coverage Part.
Duties In The Event Of Occurrence, Offense, Claim
Or Suit
You must see to it that we are notified as soon as practicable of an "occurrence" or an offense which may result in a claim. To the extent possi­ ble, notice should include:
How, when and where the "occurrence' or offense took place;
The names and addresses of any injured per­ sons and witnesses; and

Page 10of 16	© ISO Properties, Inc., 2006	CG00011207

(31 The nature and location of any injury or dam­ age arising out of the "occurrence" or of­ fense.
If a claim is made or "suit"  Is  brought  against any insured, you must:
11I Immediately record the specifics of the claim or "suit" and the date received; and
121 Notify us as soon as practicable,
You must see to it that we receive written notice  of the claim or "suit" as soon as practicable.
You and any other involved insured must:
111 Immediately send us copies of any demands, notices, summonses or legal papers  received in connection with the claim or •suit";
121 Authorize us to obtain records and other in­ formation;
(31 Cooperate with us in the investigation or set­ tlement of the claim or defense against the "suit"; and
141 Assist us, upon our request, in the enforce­ ment of any right against any person or or­ ganization which may be liable to the insured because of injury or damage to which this in­ surance may also apply.
No insured will, except at  that  insured's  own cost, voluntarily make a payment, assume any obligation, or incur any expense, other than  for first aid, without our consent.
Legal Action Against Us
No person or organization has a right under this Coverage Part:
a, To join us as a party or otherwise bring us into a "suit" asking for damages from an insured; or
b. To sue us on this Coverage Part unless all of its terms have been fully complied with,
A person or organization may sue  us to  recover  on an agreed settlement or on a final  judgment  against an insured; but we will not  be  liable  for  damages that are not payable under the terms of  this  Cover­ age Part or that are in excess of the  applicable  limit  of insurance. An agreed settlement means a settle­ ment and release of liability signed by us, the  in­ sured and the claimant or the claimant's legal repre­ sentative.

Other Insurance
If other valid and collectible insurance is available to the insured for a loss  we cover  under Coverages  A or B of this Coverage Part, our obligations are lim­ ited as follows:
Primary Insurance
This insurance is primary except when Paragraph
below applies. If this insurance is primary, our obligations are not affected unless any  of  the other insurance is also primary. Then, we will share with all that other  insurance  by the  meth­ od described in Paragraph c. below.
Excess Insurance
I1) This Insurance is excess over:
(al Any of the other insurance, whether pri­ mary, excess, contingent or on any other basis:
That is Fire, Extended Coverage, Build­ er's Risk, Installation Risk or similar coverage for "your work";
(Ii) That is Fire insurance for premises rent­ ed to you or temporarily occupied  by you with permission of the owner;
(iiilThat is insurance purchased by you to cover your liability as a tenant for "property damage"  to  premises  rented to you or temporarily occupied by you with permission of the owner; or
If the loss arises out of the mainte­ nance or use of aircraft, "autos" or watercraft to the extent not subject to Exclusion g, of Section I - Coverage A
- Bodily Injury And Property Damage Liability,
(bl Any other primary insurance available to you covering liability for damages arising out of the premises or operations, or the products and completed operations, for which you have been added as an addi­ tional insured by attachment of an en­ dorsement.
121 When this insurance is excess, we will  have no duty under Coverages A or  B  to  defend the insured against any • suit" if any other in­ surer has a duty  to  defend  the  insured against that "suit". If no other insurer de­ fends, we will undertake to  do  so,  but  we will be entitled to the insured'•  rights against all those other insurers.

CG00011207

I!> ISO Properties, Inc., 2006	Page 11 of 16

(31 When this insurance is excess over other in· surance, we will pay only our share of the amount of the loss, if any, that exceeds the sum of:
(al The total amount that ail such other insur­ ance would pay for the loss in the ab­ sence of this insurance; and
(bl The total of ail deductible and self-insured amounts under ail that other insurance,
(41 We will share the remaining loss, if any, with any other insurance that is not described  in this Excess Insurance provision and was not bought specifically to apply in excess of the Limits of Insurance shown in  the  Declara­ tions of this Coverage Part,
Method Of Sharing
If ail of the other insurance permits contribution by equal shares, we will follow this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable limit of insurance or none of the loss remains, which­ ever comes first.
If any of the other insurance does not permit contribution 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 insurance to the total applicable limits of in­ surance of ail insurers.
Premium Audit
We will compute all premiums for this Coverage Part in accordance with 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 will compute the 1earned premium for that period and send notice to the first Named insured, The due  date  for audit and retrospective premiums is the date shown as the due date on the bill. if the sum of the advance and audit premiums paid for the pol­ icy period is greater than the  earned premium, we will return the excess to the first Named In­ sured.
c. The first Named insured must keep records  of the information we need for premium computa­ tion, and send us copies at such times as we may request,
Representations
By accepting this policy, you agree:
The statements in the Declarations are accurate and complete;
Those statements are based upon representa· tions you made to us; and

We have issued this policy in reliance 11pon your
representations.
Separation Of Insureds
Except with respect to the Limits of insurance,  and any rights or duties specifically assigned in this Coverage Part to the first Named Insured, this insur­ ance applies:
As if each Named insured were the only Named Insured; and
b, Separately to each insured against whom claim  is made or • suit' is brought.
8, Transfer Of Rights Of Recovery Against Others To
Us
If the insured has rights to recover all or part of any payment we have made under this Coverage Part, those rights are transferred to 11s. The insured must do nothing after loss to impair them. At our re­ quest, the insured will bring • suit' or transfer those rights to us and help us enforce them.
9. When We Do Not Renew
If we decide not to renew this Coverage Part, we will mail or deliver to the first Named Insured shown in the Declarations written notice of the non­ renewal not less than 30 days before the expiration date.
if notice is mailed, proof of mailing will be sufficient proof of notice.
SECTION V - DEFINITIONS
• Advertisement• means a notice that is broadcast or published to the general public or specific market segments about your goods, products or services for the purpose of attracting customers or support­ ers. For the purposes of this definition:
Notices that are published incl11de  material placed on the Internet or on similar electronic means of comm11nication; and
Regarding web-sites, only that part of a web-site that is about your goods, products or services  for the purposes of attracting customers or sup­ porters is considered an advertisement.
2, •Auto• means:
a, A land motor vehicle, trailer or semitrailer  de­ signed for travel on public roads, including any attached machinery or equipment; or
b. Any other land vehicle that is subject to a com• pulsory or financial responsibility law or other motor vehicle ins11rance law in the state where it is licensed or principally garaged.
However, •auto• does not include •mobile equip­
ment".

Page 12 of 16	., ISO Properties, Inc., 2006	CG00011207

"Bodily injury• means bodily injury, sickness or dis­ ease sustained by a person, including death result­ ing from any of these at any time.
"Coverage territory" means:
The United States of America (including its terri­ tories and possessions), Puerto Rico and Cana­ da;
International waters or airspace, but only if the injury or damage occurs in  the  course  of  travel or transportation between any places included in Paragraph a. above; or
All other parts of the world if the injury or dam­ age arises out of:
I1) Goods or products made or sold  by  you  in the territory described in Paragraph a. above;
121 The activities of a person whose  home is in the territory described in Paragraph a. above, but is away for a short time on your  busi­ ness; or
"Personal and advertising  injury"  offenses that take place through the Internet or similar electronic means of communication
provided the insured's responsibility to  pay  dam­ ages is determined in a "suit" on the merits, in the territory described in Paragraph a. above or in a set­ tlement we agree to.
"Employee• includes a "leased worker". "Employee" does not include a "temporary worker".
• Executive officer" means a person  holding  any  of the officer positions created by your charter, consti­ tution, by-laws or any other similar governing docu­ ment.
"Hostile fire" means one which becomes uncontrol­ lable or breaks out from where  it  was  intended  to be.
"Impaired property" means tangible property, other than "your product" or "your work", that cannot be used or is less useful because:
It incorporates "your product" or "your work" that is known or thought to be defective, defi­ cient, inadequate or dangerous; or
You have failed to fulfill the terms of a contract
or agreement;
if such property can be restored to use by the re­ pair, replacement, adjustment or removal of "your product" or "your work" or your fulfilling the terms of the contract or agreement.

9, "Insured contract" means:
A contract for a  lease  of  premises.  However, that portion of the contract for a lease of  prem­ ises that indemnifies any person or  organization for damage by fire to premises while  rented  to you or temporarily occupied by you with permis­ sion of the owner is not an "Insured contract";
A sidetrack agreement;
Any easement or license agreement, except in connection with construction or demolition oper­ ations on or within 50 feet of a railroad;
An obligation, as required by ordinance, to in­ demnify a municipality, except in  connection  with work for a municipality;
An elevator maintenance agreement;
That part of any other contract or agreement pertaining to your business (including an indem­ nification of a municipality in connection with work performed for a municipality) under which you assume the tort liability of another party  to pay for "bodily injury" or "property damage" to a third person or organization. Tort  liability  means a liability that would be imposed by law in the absence of any contract or agreement.
Paragraph f. does not include that part of any conntract or agreement:
That indemnifies a railroad for "bodily injury" or "property damage" arising out of con­ struction or demolition operations, within 50 feet of any railroad  property  and  affecting any railroad bridge or trestle, tracks, road­ beds, tunnel, underpass or crossing;
That indemnifies an architect, engineer or surveyor for injury or damage arising out of
Preparing, approving, or failing to prepare or approve, maps, shop drawings, opin­ ions,  reports,  surveys,  field  orders, change orders or drawings and specifica­ tions; or
Giving directions or instructions, or failing to give them, if  that is the primary  cause  of the injury or damage; or
Under which the insured, if an architect, en­ gineer or surveyor, assumes liability for an injury or damage arising out of the insured'• rendering or failure to render professional services, including those listed in 12) above and supervisory, inspection, architectural or engineering activities.

CG  00  01 12  07	I!> ISO Properties, Inc., 2006	Page 13 of 16

"leased worker• means a person leased to you by a labor leasing firm under an agreement between you and the labor leasing firm, to perform duties related to the conduct of your business. "leased worker• does not include a •temporary worker".
"loading or unloading" means the handling of property:
After it is moved from the place where it is ac• cepted for movement into or onto an aircraft, watercraft or nauton;
While it is in or on an aircraft, watercraft or "au­
to"; or
c, While it is being moved from an aircraft, water craft or •auto• to the place where It Is finally delivered;
but "loading or unloading" does not include the movement of property by means of a mechanical device, other than a hand truck, that is not at­ tached to the aircraft, watercraft or "auto".
"Mobile equipment" means any of the following types of land vehicles, including any attached ma­ chinery or equipment:
a, Bulldozers, farm machinery, forklifts and other vehicles designed for use principally off public roads;
b, Vehicles maintained for use solely on or next to premises you own or rent;
Vehicles that travel on crawler treads;
Vehicles, whether self-propelled or not, main­ tained primarily to provide mobility to perma­ nently mounted:
Power cranes, shovels, loaders, diggers or drills; or
Road construction or resurfacing equipment such as graders, scrapers or rollers;
Vehicles not described in Paragraph a., b., c, or
d. above that are not self-propelled and are maintained primarily to provide mobility to per­ manently attached equipment of the following types:
Air compressors, pumps and generators, in­ cluding spraying, welding, building cleaning, geophysical exploration, lighting and well servicing equipment; or
(2) Cherry pickers and similar devices used to
raise or lower workers;
Vehicles not described in Paragraph a., b., c. or
d. above maintained primarily for purposes other than the transportation of persons or cargo.

However, self-propelled vehicles with the follow• ing types of permanently attached equipment are not "mobile equipment" but will be·considered "autos":
Equipment designed primarily for:
Snow removal;
(bl Road maintenance, but not construction
or resurfacing; or
(cl Street cleaning;
Cherry pickers and similar devices mounted on automobile or truck chassis and used to raise or lower workers; and
Air compressors, pumps and generators, in­ cluding spraying, welding, building cleaning, geophysical exploration, lighting and well servicing equipment.
However, "mobile equipment" does not include any land vehicles that are subject to a compulsory or fi­ nancial responsibility law or other motor vehicle in• surance law in the state where it is licensed or principally garaged. Land vehicles subject to a com­ pulsory or financial responsibility law or other mo­ tor vehicle insurance law are considered "autos".
•occurrence" means an accident, including contin­ uous or repeated exposure to substantially the same general harmful conditions.
"Personal and advertising injury" means mJury, in­ cluding consequential "bodily injury", arising out of one or more of the following offenses:
False arrest, detention or imprisonment;
Malicious prosecution;
The wrongful eviction from, wrongful entry into, or invasion of the right of private occupancy  of a room, dwelling or premises that a person oc­ cupies, committed by or on behalf of its owner, landlord or lessor;
Oral or written publication, in any manner, of material that slanders or libels a person or orga­ nization or disparages a person's or organiza­ tion's goods, products or services;
Oral or written publication, in any manner, of material that violates a person's right of privacy;
The use of another's advertising idea in your
"advertisement"; or
Infringing upon another's copyright, trade dress or slogan In your "advertisement".

Page 14 of 16	©  ISO Properties, Inc., 2006	CG00011207

"Pollutants" mean any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste Includes materials to be recycled, re­ conditioned or reclaimed.
'Products-completed operations hazard':
Includes all "bodily injury" and "property dam­ age" occurring away from premises you own or rent and arising out of "your product" or "your work• except:
I1 I Products that are still in your physical posses
sion; or
121 Work that has not yet been completed or abandoned. However, "your work" will be deemed completed at the earliest of the fol­ lowing times:
When all of the work called for in your contract has been completed.
(bl When all of the work to be done at the
- job site has been completed if your con­ tract calls for work at more than one job site,
(cl When that part of the work done at a job site has been put to its intended use by any person or organization other than an­ other contractor or subcontractor working on the same project.
Work that may need service, maintenance, correction, repair  or  replacement,  but  which is otherwise complete, will be treated as com­ pleted,
b, Does not include "bodily injury• or 'property damage" arising out of:
111 The transportation of property, unless the in­ jury or damage arises out of a condition in or on a vehicle not owned or operated by you, and that condition was created by the •load­ ing or unloading" of that vehicle by any in­ sured;
(21 The existence of tools, uninstalled equipment or abandoned or unused materials; or
(3) Products or operations for which the classifi­ cation, listed in the Declarations or in a poli­ cy schedule, states that products-completed operations are subject to the General Aggre­ gate Limit.
"Property damage' means:
a, Physical injury to tangible property, including all resulting loss of use of that  property,  All  such loss of use shall be deemed to occur  at  the  time of the physical injury that caused it; or

b. Loss of use of tangible property that is not physically injured. All such loss of use shall be deemed to occur at the time of the "occurence' that caused it,
For the purposes of  this insurance,  electronic  data is not tangible property.
As used in this definition, electronic data means in­ formation, facts or programs stored as or on, cre• ated or used on, or transmitted to or from com­ puter software, including systems and applications software, hard or floppy disks, CD-ROMS, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment.
"Suit" means a civil proceeding in which damages because of "bodily injury", 'property damage" or "personal and advertising injury" to which this in­ surance applies are alleged. "Suit" includes:
An arbitration proceeding in which such dam­ ages are claimed and to which the insured must submit or does submit with our consent; or
Any other alternative dispute resolution pro­ ceeding in which such damages are claimed  and to which the insured submits with our consent,
"Temporary worker' means a person who is fur­ nished to you to substitute for e permanent 'em­ ployee" on leave or to meet seasonal or short-term workload conditions.
'Volunteer worker" means a  person  who  is  not your "employee", and who donates his or her work and acts at the direction of and within the scope of duties determined by you, and is not paid a fee, salary or other compensation  by  you  or  anyone else for their work performed for you.
'Your product':
Means:
11I Any goods or products, other than real prop­ erty, manufactured, sold,  handled,  distrib­ uted or disposed of by:
(al You;
(bl Others trading under your name; or
(cl A person or organization  whose  business or assets you have acquired; and
121 Containers (other than vehicles), materials, parts or equipment furnished in connection with such goods or products.
Includes:
I1 I Warranties or representations made at any time with respect to the fitness, quality, du­ rability, performance or use of "your prod­ uct" and

CG00011207	© ISO Properties, Inc., 2006	Paga 15 of 16

(2) The providing of or failure to provide warn­ ings or instructions.
Does not include vending machines or other property rented to or located for the use of others but not sold.
"Your work":
Means:
) Work or  operations  performed  by  you  or on your behalf; and
Materials, parts or equipment furnished in connection with such work or operations.
Includes:
Warranties or representations made at any time with respect to the fitness, quality, du­ rability, performance or use of "your work", and
The providing of or failure to provide warn­ ings or instructions.

Page 16 of 16	@>  ISO Properties, Inc., 2006	CG 00 01 12 07

IL 00 17 11 98

COMMON POLICY CONDITIONS
All Coverage Parts Included in this policy are subject to the following conditions.

Cancellation
The first Named Insured shown in the Decla­ rations may cancel this policy by mailing or delivering to us advance written notice of cancellation.
We may cancel this policy by mailing or de­ livering to the first Named Insured written notice of cancellation at least:
10 days before the effective date of can­ cellation if we cancel for nonpayment of premium; or
30 days before the effective date of can­ cellation if we cancel for any other  rea­ son.
We will mail or deliver our notice to the first Named lnsured's last mailing address  known to us.
Notice of cancellation will state the effective date of cancellation. The policy period  will end on that date.
5, If this policy is cancelled, we will  send  the first Named Insured  any  premium  refund due. If we cancel, the  refund  will  be  pro rata. If the first Named Insured cancels, the refund may be less than pro rata. The can­ cellation will be effective even if we have not made or offered a refund.
6, If notice is mailed, proof of mailing will be sufficient proof of notice.
Changes
This policy contains all the agreements between you and us concerning the insurance afforded, The first Named Insured shown in the Declara­ tions is authorized to make changes in  the terms of this policy with our consent. This pol­ icy's terms can be amended or waived only by endorsement issued by us and made a part of this policy,
Examination Of Your Books And Records
We may examine and audit your books and re­ cords as they relate to this policy at any time during the policy period and up to three years afterward.
Inspections And Surveys
We have the right to:
Make inspections and surveys at any
time;

Give you reports on the conditions  we find; and
c, Recommend changes.
We are not obllgated to make any inspec­ tions, surveys, reports or recommendations and any such actions we do undertake relate only to insurability and the premiums to be charged. We do not make safety Inspections. We do not undertake to perform the duty of any person or organization to provide for the health or safety of workers  or  the  public, And we do not warrant that conditions:
Are safe or healthful; or
Comply with laws, regulations, codes or standards.
Paragraphs 1. and 2. of this condition apply not only to us, but also to any rating, advi­ sory, rate service or similar organization which makes insurance inspections, surveys, reports or recommendations.
Paragraph 2. of this condition does not apply to any inspections, surveys, reports or recw ommendations we may make relative to certification,   under   state  or   municipal stat­
utes, ordinances or regulations, of boilers, pressure vessels or elevators.
Premiums
The first Named Insured shown in the Declar­ ations:
Is responsible for the payment of all prem­
iums; and
Will be the payee for any  return  premiums we pay.
Transfer Of Your Rights And Duties Under This
Policy
Your rights and duties under this policy may not be transferred without our written consent ex­ cept in the case of death of an individual named insured.
If you die, your rights and duties will be trans­ ferred to your legal  representative  but  only while acting within the scope of duties as your legal representative. Until your legal representa­ tive is appointed, anyone having proper tempo­ rary custody of your property will have your rights and duties but only with respect to that property.

IL 00  17 11 98	Copyright,  Insurance  Services Office, Inc.,  1998	Page 1 of 1

Named Insured Community Associations Program
oI 	I	Endorsement	Number	
Polley Symb l
GLW	Polley Number
G24220631002	Polley Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

TRADE OR ECONOMIC SANCTIONS ENDORSEMENT

This insurance does not apply to the extent that trade or economic sanctions or  other laws or regulations prohibit us from providing insurance, including, but not limited to, the payment of claims. All other terms and conditions of policy remain unchanged,

Authorized Agent

ALL-21101 (111061 Ptd. in U.S.A.

Page 1 of 1

COMMERCIAL GENERAL LIABILITY

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED -	CONDOMINIUM UNIT OWNERS
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART.
WHO IS AN INSURED (Section II) Is amended to include as an insured each individual unit owner of the insured condominium, but only with respect to liability  arising out of the ownership, maintenance or repair of that portion of the premises which is not reserved for that unit owner's exclusive use or occupancy.

POLICY NUMBER: G24220631002	COMMERCIAL GENERAL LIABILITY CG 20 26 07 04

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED -	DESIGNATED PERSON OR ORGANIZATION
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE

Name Of Additional Insured Person(s) Or Organization(s)	
As required by written contract signed by both parties prior to loss.	
Information required to com_!)_lete this Schedule,_if not shown above, will be shown in the Declarations.	

Section II - Who Is An Insured is amended to Include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for •bodily injury", "property damage" or "personal and advertising injury• caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf:
In the performance of  your ongoing operations; or
In connection with your premises owned by or rented to you.

COMMERCIAL GENERAL LIABILITY
CG  217001 OB

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULL V.
CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART
LIQUOR LIABILITY COVERAGE PART
OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART
PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART UNDERGROUND STORAGE TANK POLICY

If aggregate insured losses attributable to terrorist acts certified under the federal Terrorism Risk Insurance Act exceed $100 billion in a Program Year (January 1 through December 31) and we have met our Insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion,  and in such case Insured losses up to that amount are sub­ ject to pro rata allocation in accordance with proce­ dures established by the Secretary of the Treasury.

"Certified act of terrorism" means an act that is Certi­ fied by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney  General of the United States, to be an act of terrorism pursuant to the federal Terrorism Risk Insurance Act. The crite­ ria contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following:
The act resulted in insured losses in excess of $5 million in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act; and
The act is a violent act or  an act that is dangerous to human life, property or infrastructure and is com­ mitted by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the con­ duct of the United States Government by coercion.

CG 21 70 01 08

©   ISO Properties, Inc., 2007	Page 1 of 1

POLICY NUMBER: G24220631	COMMERCIAL GENERAL LIABILITY CG 260405 09

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
DESIGNATED LOCATION(S) GENERAL AGGREGATE LIMIT
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE

Designated Locatlon(s):
Per bordereau on file with company.

Information required to complete this Schedule, if not shown _above, will be shown in the Declarations.

For all sums which the insured becomes legally obl­ igated to pay as damages caused by "occurrences• under Section I - Coverage A, and for all medical e­ xpenses caused by accidents under Section I - Co­ verage C, which can  be attributed  only  to operatio• ns at a single designated "location' shown in the S­ chedule above:
A separate Designated Location General Aggre­ gate Limit applies to each designated "location", and that limit Is equal to the amount of the Gen­ eral Aggregate Limit shown in the Declarations.
The Designated Location General Aggregate Lim• it is the most we will pay for the sum of all dam­ ages under Coverage A,  except  damages  becau­ se of "bodily injury• or "property damage" inclu­ ded in the "products-completed operations haza­ rd", and for medical expenses under Coverage C regardless of the number of:
Insureds;

Claims made or 'suits• brought; or
c, Persons oi organizations making claims or bri­
nging "suits".
Any payments made under Coverage A for dam­ ages or under Coverage C for medical expenses shall reduce the Designated Location General Ag­ gregate Limit for that designated  "location•.  Su­ ch payments shall not reduce the General Aggre­ gate Limit shown in the Declarations nor shall th­ ey reduce any other Designated  Location  Gener­ al Aggregate Limit for any other designated "loc­ ation" shown in the Schedule above.
The limits shown in the Declarations for Each O­ ccurrence, Damage To Premises Rented To You and Medical Expense continue to apply. Howev­ er, instead of being subject to the General Aggr­ regate Limit shown in the Declarations, such lim­ its will be subject to the applicable Designated L­ ocation General Aggregate Limit.

CG 25 04 05 09	e   Insurance Services Office, Inc., 2008	Page 1 of 2

For all sums which the insured becomes legally obl­ igated to pay as damages caused by "occurrences• under Section I - Coverage A, and for all medical e­ xpenses caused by accidents under Section I - Co­ verage C, which cannot be attributed only to opera­ tions at a single designated "location• shown in the Schedule above:
1 , Any payments made under Coverage A for dam­ ages or under Coverage C for medical expenses shall reduce the amount available under the Gen­ eral Aggregate Limit or the Products-completed Operations Aggregate Limit, whichever is applic­ able; and
2. Such payments shall not reduce any Designated Location General Aggregate Limit.

When coverage for liability arising out of the "prod­ ucts-completed operations hazard" is provided, any payments for damages because of "bodily injury• or "property damage• included in the •products-compl­ eted operations hazard• will reduce the Products-c­ ompleted Operations Aggregate Limit, and not redu­ ce the General Aggregate Limit nor the Designated Location General Aggregate Limit,
For the purposes of this endorsement, the Definiti­ ons Section is amended by the addition of the follo­ wing definition:
"Location• means premises involving the same or c­ onnecting lots, or premises whose connection Is int­ errupted only by a street, roadway, waterway or ri­ ght-of-way of a railroad.
The provisions of Section Ill - Limits Of  Insurance not otherwise modified by this endorsement shall c­ ontinue to apply as stipulated,

Page 2 of 2	®   Insurance Services Office, Inc., 2008	CG 2504 05 09

Named Insured Community Associations Program	Endorsement Number	
Policy Symbol
GLW	Policy Number
G24220631002	Policy Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EMPLOYEE BENEFITS LIABILITY ENDORSEMENT

1,	Item Four of the Declarations, Limits of Insurance, is amended to include the following:
(E)	$1,000,000	EACH "WRONGFUL ACT" OR SERIES OF RELATED
"WRONGFUL ACTS"

$1,000,000	"EMPLOYEE BENEFITS" LIABILITY AGGREGATE
I.	INSURING AGREEMENT

We will pay those sums which the insured shall become legally obligated to pay as damages because of a "wrongful actn in the ''administration" of "Employee Benefits". We will have the right and duty to  defend  any  "suit"  seeking  those damages. We may at our discretion investigate any  "wrongful  act"  and  settle  any claim or "suit" that may result. But

The amount that we will pay for damages is limited as described above In paragraph 1.: and

Our right and duty to defend end when we have used up the applicable limit of insurance in the payment of judgments or settlements.

This insurance applies only to a "wrongful act" in the "administration" of the insured's "Employee Benefits" which occur during the policy period and take place in the "coverage territory".

ll,	EXCLUSIONS

This insurance does not apply to:

(1)

(2)

Any dishonest, fraudulent, criminal or malicious act or om1ss1on, libel, slander, discrimination or humiliation or willful or reckless violation of any statute.

Any fines, penalties or taxes.

Any claim or "suit" arising out of loss of currency, coins, bank notes, bullion, checks, money orders and all negotiable and non-negotiable instruments or contracts representing money.

Any claim or "suit" arising out of the insured'• failure to comply with any law concerning Workers' Compensation, Unemployment Insurance, Social Security, Disability Benefits or any similar law.

GLE0027 (08-981

Page 1 of 3

Any claim or "suit" arising out of failure of performance of contract by any insurer.

Any claim or "suit" based upon:

Failure of any investment to perform; or

Advice given by an insured to participate or not to participate in any "Employee Benefit" Plan.

Any claim or "suit" arising out of an insufficiency of funds to meet any obligation under any "Employee Benefits" Plan.

Any known claim(s) or "suit(s)" arising out of any "wrongful act" which has  occurred, been notified to any insurer or known to the insured prior to the inception of this policy,

Any "breach of fiduciary duty" by any other person for which the insured is legally responsible and arising out of the insured's activity as a fiduciary of any  plan covered by this endorsement.

For the purpose of this endorsement, the term "breach of fiduciary duty" shall mean the violation of any of the responsibilities or obligations of duties imposed upon fiduciaries by the EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 or amendments thereto with respect to any plan covered by this endorsement.

Any claim or "suit" made against the insured based on or attributable to any "wrongful act" or failure on the part of the insured to  effect and maintain Insurance or bonding for plan property or assets.

Any liability arising out of the bankruptcy or insolvency of the insured.

"Bodily Injury•, "Property Damage", "Personal Injury" or "Advertising Injury".

Ill.	DEFINITIONS

For the purposes of this endorsement, the following Definitions are added to the policy:

"EMPLOYEE BENEFITS" means group life insurance, group accident or health insurance, profit-sharing plans, pension  plans,  employee  stock  subscription  plans, 401 K savings plan,  workers'  compensation,  unemployment  insurance,  social  security and disability benefits insurance.

"ADMINISTRATION". As respects the insurance afforded hereby, the unqualified word "administration" wherever used shall mean:

(al	Giving counsel to employees, including their dependents and beneficiaries, with respect to the "Employee Benefits";

Interpreting "Employee Benefits";

Handling records in connection with "Employee Benefits";

Effecting enrollment, termination or cancellation of  employees  under "Employee Benefit" Programs;

Performed by a person authorized by the Named Insured to do such acts.

GLE0027 lOS-98)	Page 2 of 3

"WRONGFUL ACT" means any actual or alleged negligent act, error or omission in the "administration" of the "Employee Benefits" Plan.
IV.	LIMITS OF INSURANCE

The following is added to Section Iii, LIMITS OF INSURANCE, as paragraph 8.:

8, The Employee Benefits Liability  Aggregate  is the  most  we will  pay for all damages because of a "wrongful act" included in the  Employee  Benefits  Liability  Endorsement.
V;	CONDITIONS

The Conditions of the policy apply to this insurance unless specifically modified below: Insured'• Duties In The Event Of Occurrence, Offense, Claim Or Suit.
Condition 2. of the policy applies, provided that wherever the word "occurrence" appears, it is deleted and the phrase "wrongful act" is substituted,

Authorized Representative

GLE0027 108,981	Pago 3 of  3

Nammed Insured Community  Associations Program
I	I	Endorsement	Number	
Policy Symbol
GLW	Policy Number
G24220631002	Policy Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co	
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

RATES SCHEDULE ENDORSEMENT

The final premium shall be determined at audit by the application of the following rates:

$	8.160 Per Single Family Housing Unit

$ 22.440 Per Multi Family Housing Unit

$867.000 Per Swimming Pool

$306.000 Per Association for Hired and Non Owned Auto

$TBD	Rates for 56 + over communities - Refer to Underwriter

Authorized Representative

GLE0033 (01-99)

Page 1 of 1

Named Insured Community Associations Program
lI 	I	Endorsement	Number	
Polley Symbo
GLW	Polley Number
G24220631002	Polley Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Company)
Westchester Surnlus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

HIRED AND NON-OWNED AUTO LIABILITY COVERAGE
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE

Insurance is provided only with respect to those coverages for which a specific premium charge is shown:

Coverage

Hired Auto Liability	$1,000,000 Non-Ownership Liability

Additional Premium

$ Included
$

(If no entry appears above, information required to complete this endorsement will be  shown  In  the Declarations as applicable to this endorsement.)

HIRED AUTO LIABILITY

This insurance provided under COVERAGE A (Section I) applies to "bodily  injury"  or  "property  damage" arising out of the maintenance or use of a "hired auto" by you or your employees in the course of  your  business.

NON-OWNED AUTO LIABILITY

The Insurance provided under COVERAGE A (Section I) applies to "bodily injury" or "property damage" arising out of any "non-owned auto" in your business by any person other than you.

With respect to the insurance provided by this endorsement:

The exclusions, under COVERAGE A (Section I), other than exclusions a, b, d, f and i and the Nuclear Energy Liability Exclusion (Broad Form) are deleted and replaced by the following:

"Bodily injury":

To any employee of the insured arising out of and in the course of employment by the
insured; or

To the spouse, child, parent, brother or sister of that employee as a consequence of (1) above,

This exclusion applies:

Whether the insured may be liable as an employer or in any other capacity;

GLE0037 (06-99>	Page 1 of 3

To any obligation to share damages with or repay someone else who must pay damages because of injury.

This exclusion does not apply to:

Liability assumed by the insured under an "insured contract"; or

"Bodily injury" arising out of and in the course of domestic employment by the  insured unless benefits for such injury are in part either payable or required to  be provided under any workers compensation law.

"Property Damage" to:

Property owned or being transported by, or rented or loaned to the insured; or

Property in the care, custody or control of the insured,

WHO IS AN INSURED {Section II) is replaced by the following:

Each of the following is an insured under this insurance to the extent set forth below:

a, You;

Any other person using a "hired auto" with your permission;

With respect to a "non-owned auto", any partner or executive officer of yours, but only while such "non-owned auto" is being used in your business;

Any other person or organization, but only with respect to their liability because of acts
or omissions of an insured under a., b., or c. above.

None of the following is an insured:

Any person engaged in the business of his or her employer with respect to "bodily injury" to any co-employee of such person injured in the course of employment;

Any partner or executive officer with respect to any "auto" owned  by  such  partner  or officer or a member of his or her household;

Any person while employed in or otherwise engaged in duties in connection with an
"auto business";

d, The owner or lessee (of whom you are a sub-lessee) of a "hired auto" or the owner of a "non-owned auto" or any agent or employee of such owner or lessee;

e. Any person or organization with respect to the conduct of any current or  past partnership or joint venture that is not shown as a Named Insured in the Declarations.

LIMITS OF INSURANCE (SECTION Ill)

The general aggregate limit does not apply to the insurance provided by this endorsement.

The following additional definitions apply:

"Auto business" means the business or occupation of selling, repairing, servicing, storing or
parking "autos".

"Hired auto" means any "auto" you lease, hire or borrow. This does not include any "auto" you lease, hire or borrow from any of your employees or members of their households, or from any partner or executive officer of yours.

GLE0037 106-991	Page 2 of 3

"Non-owned auto" means any "auto" you do not own, lease, hire or borrow which is used in connection with your business.  However,  if  you  are  a  partnership,  a  "non-owned  auto"  does not include any "auto" owned by any partner.

The following is added to the definition of "insured contract":

"Insured contract" means that part of any contract or agreement entered into, as part of your business, by you or any of your employees pertaining to the rental or lease of any "auto";

An "insured contract" does not include that part of any contract or agreement:

That pertains to the loan, lease or rental of any "auto" to you or any of your employees, if
the "auto" is loaned, leased or rented with a driver; or

That holds a person or organization engaged in the business  of  transporting  property  by "auto" for hire harmless for your use of an "auto" over a route or territory that person or organization is authorized to serve by public authority.
OTHERINSURANCE

The insurance provided by this endorsement is excess over any other valid and collectible insurance available to the insured,

Authorized Representative

GLE0037 108-99)	Page 3 of 3

Named Insured
Community	AssocIiations Program		Endorsement Number	
Policy Symbol
GLW	Polley Number
G24220631 002	Polley Period
8/01/2012 To 8/1/2013	Effective Date of End,
8/01/2012	
leaued By (Name of Insurance Company)
Westchester Surplus Lines Insurance Company	
PREMIUM AUDIT TERM MINIMUM PREMIUM
MINIMUM EARNED PREMIUM
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
This endorsement modifies Insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART
PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART
Premium Audit

Condition 5. Premium Audit under SECTION IV- CONDITIONS is deleted In Its entirety and replaced by the following:
Premium Audit

At the close of each audit period, we may at our sole discretion, compute the audit premium for that period. If the audit premium is less than any applicable Term Minimum Premium as determined by item 3. below, then there will be no return premium due. If the audit premium exceeds the advance premium paid, then you will
be responsible for paying as additional premium the difference between the audit premium and advance premium paid.

The first Named Insured must keep records of the information we need for premium computation, and send us copies at such times as we may request.

Minimum Earned Premium

In the event this policy is cancelled before the expiration date shown in Item 2. of the Declarations,	the Minimum
Earned Premium for this policy Is the greater of:

The audit premium, if applicable, as described in 1. above; or

The pro-rata amount of the advance premium based on the length of the cancelled policy term; or

25% of the advance premium if cancellation is at the request of the Insured. If no percentage Is stated here, then item 2. of this endorsement does not apply.

If cancellation is at the request of the insured, items a. orb. above may also be subject to a short rate adjustment.
Term Minimum Premium

If this policy continues In effect until the expiration date shown In Item 2. of the Declarations, and if the premium is to be determined on an adjustable basis, then the Term Minimum Premium for this policy Is, Not Applicable - Changes
made via bordereaus, % of the advance premium. If no percentage is stated here, then item 3. of this endorsement does not apply.

GLE 0052   (02-07)	Copyright© 2007Cl	Pagel 011

POLICY NUMBER: G24220631 002	IL 01 47 09 11
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ILLINOIS CHANGES -	CIVIL UNION

This endorsement modifies insurance provided under the following: COMMERCIAL AUTOMOBILE COVERAGE PART
COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL LIABILITY UMBRELLA COVERAGE PART FARM COVERAGE PART
FARM UMBRELLA LIABILITY POLICY LIQUOR LIABILITY COVERAGE PART
MEDICAL PROFESSIONAL LIABILITY COVERAGE PART
OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART
PRODUCT WITHDRAWAL COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART UNDERGROUND STORAGE TANK POLICY

The term "spouse" is replaced by the following:
Spouse or party to a civil union recognized under Illinois law.

Under the Commercial Auto Coverage Part, the term "family member" is replaced by the following:
Family member" means a person related to the:
Individual Named Insured by blood, adoption, marriage or civil union recognized under Illinois law, who is a resident of such  Named lnsured's household, including a ward or foster child; or
Individual named in the Schedule by blood, adoption, marriage or civil union recognized under Illinois law, who is a resident of the individual's household, including a ward or foster child, if the Drive Other Car Coverage - Broadened Coverage For Named Individual Endorsement is attached.

With respect to coverage for the ownership, maintenance, or use of "covered autos• provided under the Commercial Liability Umbrella Coverage Part, the term "family member" is replaced by the following:
Family member" means a person related to you by blood, adoption, marriage  or  civil  union recognized under Illinois law, who is a resident of your household, Including a ward or foster child.

POLICY NUMBER: G24220631 002	IL 09 85 01 08

THIS ENDORSEMENT IS ATTACHED TO AND MADE PART OF YOUR POLICY IN RESPONSE TO THE DISCLOSURE REQUIREMENTS OF THE TERRORISM RISK INSURANCE ACT. THIS ENDORSEMENT DOES NOT GRANT ANY COVERAGES OR CHANGE THE TERMS AND CONDITIONS OF ANY COVERAGE UNDER THE POLICY.

DISCLOSURE PURSUANT TO TERRORISM RISK INSURANCE ACT
SCHEDULE

Terrorism Premium (Certified Acts) $ 15,375.00

This premium Is the total Certified Acts premium attributable to the following Coverage Partis), Coverage Form(sl and/or Policy(s):

Additional information, If any, concerning the terrorism premium:

Information required to complete this Schedule_._i!_not s_hown above, willJ>ll_J1hown in.the Declarations.

Disclosure Of Premium
In accordance with the federal Terrorism Risk Insur­ ance Act, we are required to provide you with a no­ tice disclosing the portion of your premium, if any, attributable to coverage for terrorist acts certified under the Terrorism Risk Insurance Act, The portion of your premium attributable to such coverage is shown In the Schedule of this endorsement or  in the policy Declarations.
Disclosure Of Federal Participation In Payment Of Terrorism Losses
The United States Government, Department of the Treasury, will pay a share of  terrorism  losses  in­ sured under the federal program. The federal share equals 85% of that portion of the amount of such insured losses that exceeds the applicable insurer retention. However, if aggregate insured losses at­ tributable to terrorist acts certified under  the Terror­ ism Risk Insurance Act exceed $100 billion in a Pro­ gram Year (January 1 through December 31 ), the Treasury shall not make any payment  for  any  por­ tion of the amount of such losses that exceeds
$100 billion.

Cap On Insurer Participation In Payment Of
Terrorism Losses
If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a Program Year (January 1 through December 31) and we have met our in­ surer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds
$100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in ac­ cordance with procedures established by the Secre­ tary of the Treasury.

COMMERCIAL GENERAL LIABILITY
CG 0068 05 09

RECORDING AND DISTRIBUTION OF MATERIAL OR INFORMATION IN VIOLATION OF LAW EXCLUSION

This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

Exclusion q. of Paragraph 2. Exclusions of Section I
- Coverage A - Bodily Injury And Property Damage
Liability is replaced by the following:
2. Exclusions
This insurance does not apply to:
q. Recording And Distribution Of Material Or In­ formation In Violation Of Law
"Bodily injury" or "property damage• arising directly or indirectly out of any action or omission that violates or is alleged to violate:
11I The Telephone Consumer Protection Act ffCPA), including any amendment of or addition to such law;
The CAN-SPAM Act of 2003, Including any amendment of or  addition  to  such law;
The Fair Credit Reporting Act (FCRA), and any amendment of  or  addition  to  such law, including the Fair and Accurate Cred­ it Transaction Act IFACTA); or
14) Any federal, state or local statute, ordi­ nance or regulation, other than the TCPA, CAN-SPAM Act of 2003 or FCRA and their amendments and additions, that add­ resses, prohibits, or limits the printing, dissemination, disposal, collecting, record­ ing, sending, transmitting, communicating or distribution of material or information.

Exclusion p. of Paragraph 2. Exclusions of Section I
- Coverage B - Personal And Advertising Injury Liability is replaced by the following:
Exclusions
This insurance does not apply to:
p, Recording And Distribution Of Material Or In­ formation In Violation Of Law
"Personal and advertising injury" arising di­ rectly or indirectly out of any action or omis­ sion that violates or is alleged to violate:
The Telephone Consumer Protection Act ITCPA), including any amendment of or addition to such law;
The CAN-SPAM Act of 2003, Including any amendment of or addition to such law;
The Fair Credit Reporting Act (FCRA), and any amendment of  or  addition  to  such law, including the Fair and  Accurate Cred­ it Transaction Act IFACTA); or
Any  federal,  state  or local statute,	ordi­ nance or regulation, other than the TCPA, CAN-SPAM Act of 2003 or FCRA  and their amendments and additions, that add­ resses, prohibits, or limits the printing, dissemination, disposal, collecting, record­ ing, sending, transmitting,  communicating or distribution of material or information.

POLICY NUMBER: G24220631002	COMMERCIAL GENERAL LIABILITY CG 2116 07 98
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION -	DESIGNATED PROFESSIONAL SERVICES
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE

Description Of Professional Services:
Real Estate Operations

2.

3.

(If no entry appears above, information required to complete this endorsement will be shown in the Declara­ tions as applicable to this endorsement.)

With respect to any professional services shown in the Schedule, the following exclusion is added to Para­ graph 2., Exclusions of Section I - Coverage A - Bodily Injury And Property Damage Liability and Paragraph 2,. Exclusions of Section I - Coverage B - Personal And Advertising Injury Uablllty:
This insurance does not  apply  to  "bodily  injury•,  "property  damage•  or  "personal  and  advertising  injury• due to the rendering of or failure to render any professional service.

POLICY NUMBER: G24220631002	COMMERCIAL GENERAL LIABILITY

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION -	DESIGNATED WORK
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

SCHEDULE
Description of your work:

Construction of, or any other work related to, any residential building, including but not limited to, any single-family dwelling, multi-family dwelling, multi-tract housing development, townhouse, condominium, cooperative or apartment.

(If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.)

This insurance does not apply to "bodily injury" or "property damage" included in the "products-completed opera­ tions hazard" and arising out of "your work" shown in the Schedule.

CG 21 3401 87
43

Copyright, Insurance Services Office, Inc.,  1986	Page 1 of 1

COMMERCIAL GENERAL LIABILITY

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.

EXCLUSION -	INTERCOMPANY   PRODUCTS SUITS
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

This insurance does not apply to any claim for damages by any Named Insured against another Named Insured because of "bodily injury• or "property damage• arising out of "your products" and included within the "products-completed operations hazard.•

POLICY NUMBER:G24220631	COMMERCIAL GENERAL LIABILITY CG 21 440798
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

LIMITATION OF COVERAGE TO DESIGNATED PREMISES OR PROJECT
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

Project:

Per bordereau on file with company.

Premises:

SCHEDULE
(If no entry appears above, information required to complete this endorsement will be shown in  the Declara• tions as applicable to this endorsement.)

This insurance applies only to "bodily injury", "property damage", "personal and advertising injury" and medical expenses arising out of:
The ownership, maintenance or use of the  premises shown in  the Schedule  and operations necessary or incidental to those premises; or
The project shown in the Schedule.

CG 21440798

Copyright, Insurance Services Office, Inc.,  1997	Page 1 of 1

COMMERCIAL GENERAL LIABILITY
CG 21  46  07 98
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ABUSE OR MOLESTATION EXCLUSION
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added to Paragraph 2., Exclusions of Section I - Coverage A - Bodily In• jury And Property Damage Liability and Paragraph 2., Exclusions of Section I - Coverage B - Per• sonal And Advertising Injury Liability:
This insurance does not apply to "bodily injury•, "property damage" or "personal and advertising injury" arising out of:
The actual or threatened abuse or molestation by anyone of any person while in the care, custody or control of any insured, or

The negligent:
Employment;
Investigation;
Supervision;
Reporting to the proper authorities, or fail•
ure to so report; or
Retention;
of a person for whom any insured is or ever was legally responsible and whose conduct would be excluded by Paragraph 1. above.

CG 214607 98

Copyright, Insurance Services Office, Inc., 1997	Page 1 of 1

COMMERCIAL GENERAL LIABILITY
CG 214712 07

THIS ENDORSEMENT  CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.
EMPLOYMENT-RELATED  PRACTICES EXCLUSION
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added to Paragraph 2., Exclusions of Section I - Coverage A - Bodlly Injury And Property Damage Liability:
This insurance does not apply to:
Bodily injury" to:
(11 A person arising out of any:
(al Refusal to employ that person;
(bl Termination of that person's  employment;  or (cl Employment-related practices, policies, acts
or omissions, such as coercion, demotion, evaluation, reassignment, discipline, defama­ tion, harassment, humiliation,  discrimination  or malicious prosecution directed at that per­ son; or
121 The spouse, child, parent, brother  or  sister  of  that person as a consequence  of  • bodily  injury" to that person at whom any of the employment-related practices described in Para­ graphs (al, (bl, or (cl above is directed.
This exclusion applies:
I1 l Whether the injury-causing event described in Paragraphs (al, (bl or (cl above occurs before employment, during employment or after em­ ployment of that person;
(21 Whether the insured may be liable as an employ­ er or in any other capacity; and
(31 To any obligation to share damages with or re­ pay someone else who must pay damages be­ cause of the injury.

The following exclusion is added to Paragraph 2., Exclusions of Section I - Coverage B - Personal And Advertising Injury Liability:
This insurance does not apply to:
'Personal and advertising injury" to:
I1 l A person arising out of any:
(al Refusal to employ that person;
(bl Termination of that person's employment; or (cl  Employment-related  practices,  policies, acts
or  omissions,  such  as coercion, demotion,
evaluation, reassignment, discipline, defama­ tion, harassment, humiliation,  discrimination or malicious prosecution directed at that per­ son; or
121 The spouse, child, parent, brother  or  sister  of that person as a consequence of • personal and advertising injury" to that  person  at  whom  any of the employment-related practices described in Paragraphs (al, (bl, or (cl above is directed.
This exclusion applies:
(11 Whether the injury-causing event described in Paragraphs (al, (bl or (cl above occurs before employment, during employment or after em­ ployment of that person;
(21 Whether the insured may be liable as an employ­ er or in any other capacity; and
(31 To any obligation to share damages with  or  re­ pay someone else who must pay damages be­ cause of the injury.

CG  214712 07	@   ISO Properties, Inc., 2006	Page 1 of 1

POLICY NUMBER: G24220631002	COMMERCIAL GENERAL LIABILITY CG 21 54 01 96
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION -	DESIGNATED OPERATIONS COVERED BY A CONSOLIDATED (WRAP-UP) INSURANCE PROGRAM
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE

Description and Location of Operatlon(s):
Any prior or ongoing operation(s) where you participated in a consolidated (Wrap-Up) insurance program.

(If no entry appears above, information required to complete this endorsement will be shown in the Declara­ tions as applicable to this endorsement.)

The following exclusion is added to paragraph 2.. Exclusions of COVERAGE A - BODILY INJURY  AND PROPERTY DAMAGE LIABILITY (Section I -
Coverages):

This insurance does not apply to "bodily injury• or "property damage" arising out of either your on­ going operations or operations included within the
products-completed operations hazard• at the lo­ cation described in the Schedule of this endorse­ ment, as a consolidated (wrap-up) insurance pro­ gram has been provided by the prime contractor/project manager or owner of the con­ struction project in which you are involved.

This exclusion applies whether or not the consoli­ dated (wrap-up) insurance program:
(1I Provides coverage identical to that provided by this Coverage Part;
(21Has limits adequate to cover all claims; or
(3) Remains in effect.

CG  21 5401 96	Copyright, Insurance Services Office, Inc., 1994	Page 1 of 1

COMMERCIAL  GENERAL LIABILITY
CG21651204

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

TOTAL POLLUTION EXCLUSION WITH A BUILDING HEATING, COOLING AND DEHUMIDIFYING EQUIPMENT EXCEPTION AND A HOSTILE FIRE EXCEPTION
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

Exclusion f. under Paragraph 2. Exclusions of Sec• tion I - Coverage A - Bodily Injury And Property Damage Llablllty is replaced by the following:
This insurance does not apply to:
Pollution
111 'Bodily injury• or "property damage• which would not have occurred in whole or  part but for the actual, alleged or threatened discharge, dispersal, seepage, migration, release or escape of "pollutants• at any time.
This exclusion does not apply to:
"Bodily injury• if sustained within a build­ ing which Is or was at any time owned or occupied by, or rented or loaned to, any insured and caused by smoke, fumes, va­ por or soot produced by  or  originating from equipment that is used to  heat,  cool or dehumidify the building, or equipment that is used to  heat  water  for  personal use, by the building's occupants or their guests; or
(bl "Bodily injury• or "property damage• arising out of  heat,  smoke  or fumes from a "hostile fire" unless that "hostile fire• occurred or originated:
(il At any premises, site or location  which is or was at any time used  by or for any insured or others for the handling, storage, disposal, process­ ing or treatment of waste; or

At any premises, site or location on which any insured or any contractors or subcontractors working directly or indirectly on any insured's behalf are performing operations to test for, monitor, clean up, remove, contain, treat, detoxify, neutralize or in any way respond to, or assess the effects of, "pollutants".
(21 Any loss, cost or expense arising out of any:
(al Request, demand, order or statutory or regulatory requirement that any insured or others test for, monitor, clean up, re­ move, contain, treat, detoxify or neutral• ize, or in any way respond to, or assess the effects of, "pollutants"; or
(bl Claim or suit by or on behalf of a govern• mental authority for damages because of testing for, monitoring, cleaning up, re­ moving, containing, treating,  detoxifying or neutralizing, or in any way responding to, or assessing the effects of, "pollu­ tants".

CG 21651204

" ISO Properties, Inc., 2003	Page 1 of 1

COMMERCIAL  GENERAL LIABILITY
CG  21671204

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

FUNGI OR BACTERIA EXCLUSION
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added to Paragraph
2. Exclusions of Section I - Coverage A -
Bodily Injury And Property Damage Llablllty:
Exclusions
This insurance does not apply to:
Fungi Or Bacteria
"Bodily injury" or "property damage" which would not have occurred, in whole or in part, but for the actual, alleged or threatened inhalation of, ingestion of, contact  with,  exposure  to,  existence  of, or presence of, any "fungin or bacteria on or within a building or structure, including its contents, regardless of whether  any other cause, event, material or product contributed concurrently or in  any sequence to such injury or damage.
Any loss, cost or expenses arising out of the abating, testing for, monitoring, cleaning up, removing, containing, treat­ ing, detoxifying, neutralizing, remedlating or disposing of, or in any way responding to, or assessing the effects of, "fungi" or bacteria, by any insured or by any other person or entity.
This exclusion does not apply to any "fungi" or bacteria that are, are on, or are contained in, a good or product intended for bodily consumption.

The following exclusion is added to Paragraph
2. Exclusions of Section I - Coverage B -
Personal And Advertising Injury Liability:
Exclusions
This insurance does not apply to:
Fungi Or Bacteria
• Personal and advertising injury" which would not have taken  place,  in  whole or in part, but for the actual, alleged or threatened inhalation of, ingestion of, contact with,  exposure  to,  existence  of, or presence of any "fungi" or  bacteria  on or within a building or structure, including its contents, regardless of whether  any other cause, event, material or product contributed concurrently or in  any sequence to such injury.
Any loss, cost or expense arising  out  of the abating, testing for, monitoring, cleaning up, removing, containing, treat­ ing, detoxifying, neutralizing, remediating or disposing of, or in any way responding to, or assessing the effects of, "fungi" or bacteria, by any insured or by any other person or entity.
The   following	definition	is   added	to	the
Definitions Section:
"Fungi" means any type or form of fungus, including mold or mildew and any mycotoxins, spores, scents or byproducts  produced  or released by fungi.

CG 216712 04

©   ISO  Properties, Inc..  2003	Paga 1 of 1

COMMERCIAL  GENERAL LIABILITY
CG  21960305

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

SILICA OR SILICA-RELATED DUST EXCLUSION

This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added  to  Paragraph 2., Exclusions of Section I - Coverage A - Bodily Injury And Property Damage Liability:
Exclusions
This insurance does not apply to:
Silica Or Silica-Related Dust
• Bodily injury" arising, in  whole  or  in part, out of the  actual,  alleged,  threat­ ened or suspected inhalation of, or Inges­ tion of, "silica" or "silica-related dust".
b, • Property damage" arising, in whole or in part, out of the  actual,  alleged,  threat­ ened or suspected contact with, exposure to, existence of, or presence of, "silica" or "silica-related dust".
c, Any loss, cost  or  expense  arising,  in whole or in part, out of the abating, test­  ing for, monitoring, cleaning up, remov­ ing, containing, treating, detoxifying, neu­ tralizing, remediating or  disposing  of,  or in any  way  responding  to  or  assessing the effects of, "silica" or "silica-related dust", by any insured or by any other person or entity.

The following exclusion is added  to  Paragraph 2.. Exclusions of Section I - Coverage B - Personal And Advertising Injury Liability:
Exclusions
This insurance does not apply to:
Silica Or Silica-Related Dust
"Personal and advertising injury"  arising, in whole or in part, out of the actual, alleged,  threatened  or  suspected inhalation of, ingestion of, contact with,
exposure to, existence of, or presence of,
"silica" or "silica-related dust".
Any loss, cost or expense  arising,  in whole or in part, out of the abating, test­ ing for, monitoring, cleaning up, remov­ ing, containing, treating, detoxifying, neu­ tralizing, remediating or disposing  of,  or in any way  responding  to  or  assessing the effects of, "silica" or "silica-related dust", by any insured or by any other person or entity.
The following definitions are added to the
Definitions Section:
"Silica" means silicon dioxide (occurring in crystalline, amorphous and impure forms), silica particles, silica dust or  silica compounds.
"Silica-related dust" means a mixture or combination of silica and other dust or particles,

CG 21960305	®  ISO Properties, Inc., 2004	Page 1 of 1

COMMERCIAL  GENERAL LIABILITY
CG  223407 9B
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION -	CONSTRUCTION MANAGEMENT ERRORS AND OMISSIONS
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added to Paragraph 2., Exclusions of Section I - Coverage A  -  Bodily  In­ jury And Property Damage Liability and Paragraph 2,. Exdusions of Section I - Coverage B - Personal And Advertising Injury Liability:
This insurance does not apply to "bodily injury", "property damage" or "personal and advertising in­ jury" arising out of:
The preparing, approving, or failure to prepare or approve, maps, shop drawings, opinions, re­ ports, surveys, field orders, change orders or drawings and specifications by any architect, engineer or surveyor performing services on a project on which you serve as construction manager; or

2, Inspection, superv1s1on, quality control, archi­ tectural or engineering activities done by or for you on a project on which you serve as con­ struction manager.
This exclusion does not apply to "bodily injury• or "property damage• due to construction or demoli­ tion work done by you, your "employees• or your subcontractors.

CG 22 3407 98

Copyright, Insurance  Services Office,  Inc.,  1997	Page 1 of 1

COMMERCIAL GENERAL LIABILITY
CG 2243 07 98
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION -	ENGINEERS, ARCHITECTS OR SURVEYORS PROFESSIONAL LIABILITY
This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The following exclusion is added to Paragraph 2., Exclusions of Section I - Coverage A -  Bodlly In• jury And Property Damage Liability and Paragraph 2., Exdusions of Section I - Coverage B -  Per­ sonal And Advertising Injury Liability:
This insurance does not apply to "bodily injury•, "property damage" or "personal and advertising injury• arising out of the rendering of or failure to render any professional services by you or any engineer, architect or surveyor who is either em­ ployed by you or performing work on your behalf in such capacity.

Professional services include:
The preparing, approving, or failing to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders or drawings and specifications; and
Supervisory, inspection, architectural or engi­ neering activities,

CG  224307 98	Copyright, Insurance Services Office, Inc., 1997	Page 1 of 1

COMMERCIAL GENERAL LIABILITY
CG 22 9410 01

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLV.

EXCLUSION -	DAMAGE TO WORK PERFORMED BY SUBCONTRACTORS ON YOUR BEHALF

This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

Exclusion I, of Section I - Coverage A - Bodily Injury And Property Damage Liability is replaced by the fol­ lowing:
Exclusions
This insurance does not apply to:
Damage To Your Work
"Property damage" to "your work" arising out of it or any part of it and included in the "products-completed operations hazard".

CG 22  94 10 01	©   ISO Properties, Inc.,  2000	Page 1 of 1

Na•med Insured Community Associations Program	Endorsement	Number	
Policy SymbolI
GLW	Polley Number
G24220631002	I Policy Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Companyl
Westchester Surplus Lines Insurance Co	
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

DISCRIMINATION EXCLUSION

This policy does not apply to any liability or damage caused by the acts or omissions of any insured or insured'• employee or any person acting on behalf of the Insured arising out of:

Discrimination of any kind; and

Any actual or alleged defamation, emotional distress, humiliation or harassment which arises out of discrimination of any kind.

Authorized Representative

GLXOOOl (01-961

Page 1 of 1

Named Insured Community Associations Program
I	I	Endorsement	Number	
Polley Symbol
GLW	Polley Number
G24220631002	Polley Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By {Name of Insurance Company}
Westchester Surclus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXCLUSION - DESIGNATED ENTITY
DESIGNATED ENTITY SCHEDULE:

All operations of Centex Hospitality Group

This Insurance does not apply to "Bodily Injury•, "Property Damage", "Personal Injury" or "Advertising Injury" arising out of the entity shown in the schedule.

Authorized Representative

GLX0011 106-99)

Page 1 of 1

IL 00 210908

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
NUCLEAR ENERGY LIABILITY EXCLUSION ENDORSEMENT
(Broad Form)
This endorsement modifies insurance provided under the following: COMMERCIAL AUTOMOBILE COVERAGE PART
COMMERCIAL GENERAL LIABILITY COVERAGE PART FARM COVERAGE PART
LIQUOR LIABILITY COVERAGE PART
MEDICAL PROFESSIONAL LIABILITY COVERAGE PART
OWNERS AND CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART
PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART UNDERGROUND STORAGE TANK POLICY

The Insurance does not apply:
Under any Liability Coverage, to "bodily  injury" or "property damage":
With respect to which an "insured"  under the policy is also an insured under a nuclear energy liability policy issued by Nuclear En­ ergy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters, Nuclear Insurance Association of Canada or any of their successors, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability; or
Resulting from the "hazardous properties" of "nuclear material" and with respect to which
any person or organization is required to
maintain financial protection pursuant to the Atomic Energy Act of 1964, or any law amendatory thereof,  or  (b)  the  "insured"  is, or had this policy not been issued would be, entitled to indemnity  from  the  United  States of America,  or  any  agency  thereof,  under any agreement entered into by the United States of America, or  any  agency  thereof, with any person or organization.
Under any Medical Payments coverage, to ex­ penses incurred with respect to "bodily injury" resulting from the "hazardous properties" of "nu­ clear material" and arising out of the operation of a "nuclear facility" by any person or organiza­ tion.

C, Under any Liability Coverage, to "bodily  injury" or "property damage" resulting from "hazardous properties" of "nuclear material", if:
The "nuclear material" (a) is at any "nuclear facility" owned by, or operated by or on be­ half of, an "insured' or (bl has been dis­ charged or dispersed therefrom;
The "nuclear material' is contained In 'spent fuel" or "waste" at any time possessed, handled, used, processed, stored, trans­ ported or disposed of, by or on behalf of an "insured"; or
The "bodily injury• or 'property damage" arises out of the furnishing by an  "insured" of services, materials, parts or equipment in connection with the planning, construction, maintenance, operation or use of any "nu­ clear facility", but if such facility is located within the United States of America, its terri­ tories or possessions or Canada, this exclu­ sion (3) applies only to "property damage" to such "nuclear facility• and any property thereat.
As used in this endorsement:
"Hazardous properties• includes radioactive, toxic or explosive properties.
"Nuclear  material"  means  "source  material0   ,      •spe­ cial nuclear material" or "by-product material".

IL 00  210908	©  ISO Properties, inc., 2007	Page 1 of 2

"Source material", "special nuclear material", and "by-product material" have  the  meanings  given them in the Atomic Energy Act of  1954 or  in  any law amendatory thereof,
"Spent fuel" means any fuel element or fuel compo­ nent, solid or liquid, which has been used or  ex­ posed to radiation in a "nuclear reactor".
"Waste" means any waste material (al containing "by-product material" other than the tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed pri­ marily for its "source material' content, and (bl re­ sulting from the operation by any person or organi­ zation of any "nuclear facility" included under the first two paragraphs of the definition of 'nuclear fa­
cility",
"Nuclear facility" means:
(al Any "nuclear reactor";
(bl Any equipment or device  designed  or  used  for 11) separating the isotopes of uranium or plutonium, 12) processing or utilizing "spent fuel", or (3) handling, processing or packag­ ing "waste";

(cl Any equipment or device used for the proc­ essing, fabricating or alloying of "special nu­ clear material" if at  any  time  the  total amount of such material  in  the  custody  of the "insured" at the premises where such equipmentor device is located consists of or contains more than  25  grams  of  plutonium or uranium 233 or any  combination  thereof, or more than 250 grams of uranium 236;
Any structure, basin, excavation,  premises or place prepared or used for the storage or disposal of "waste";
and includes the site on which any of the foregoing is located, all operations conducted on such  site and all premises used for such operations.
"Nuclear reactor" means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fis­ sionable material.
"Property damage' includes all forms of radioactive contamination of property,

Pege 2of  2	., ISO Properties, Inc., 2007	IL 00 210908

Named lnsurad Community Associations Program	Endorsement	Number	
Policy Symboll
GLW	Policy Number
G24220631002	I Policy Period
08/01/2012	
TO 08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By {Name of Insurance Company)
Westchester Surplus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

EXTERIOR INSULATION AND FINISH SYSTEM EXCLUSION (EFIS)

This policy does not apply to "Bodily Injury", "Property Damage", "Personal Injury" or "Advertising Injury" arising out of:

The design, manufacture, construction, fabrication, preparation, installation, application, maintenance or repair, including remodeling, service, correction or replacement of an "exterior insulation and finish system" (commonly referred  to as  synthetic stucco)  or any part of thereof,  or any substantially similar system or any part thereof, including the application or use of conditioners, primers, accessories, flashings, coatings, caulkings or sealants in connection with such a system.

Any work or operations with respect to any exterior component, fixture or feature of any structure if an "exterior insulation and finish system" is used on any part of that structure.
This exclusion applies to "your work" described in Paragraph A. or Paragraph B. above.

For the purpose of this endorsement, an "exterior insulation and finish system" means an exterior cladding or finish system used on any part of any structure, and consisting of:

a rigid or semi-rigid insulation board made of expanded polystyrene or other materials, and
the adhesive and/or mechanical fasteners used to attach the insulation  board to  the  substrate, and
a reinforced base coat, and
a finish coat providing surface texture and color.

Authorized Representative

MANA 00B7 106-02)	Page 1 of 1

Named Insured Community Associations Program	Endorsement Number	
Policy SymbolI
GLW	Policy Number
G24220631002	I Polley Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance L.ompanyJ
Westchester Surplus Lines Insurance Co	

m

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

LEAD EXCLUSION

This policy does not apply to:

"Bodily Injury", property damage", "personal injury", "advertising injury" or any other liability or damage arising out of or involving lead, paint containing lead or any other product containing lead; or

Any fees, costs or expenses of any nature whatsoever in the investigation or defense of any "claim" or "suit" arising out of or involving lead, paint containing lead or any other product containing lead.

Authorized Representative

ULX0005 (01-97>	Page 1  of 1

Na•med Insured Community  Associations  Program	Endorsement Number	
Polley SymbolI
GLW	Polley Number
G24220631002	-1 Polley Period
08/01/2012	
TO	
08/01/2013	Effective Date of Endorsement
08/01/2012	
Insured By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co	
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ABSOLUTE ASBESTOS EXCLUSION

This policy does not apply to "bodily injury", "property damage", "personal injury", or "advertising injury" or any other liability or damage arising out of or involving asbestos, asbestos fibers, or any product containing asbestos or asbestos fibers.

,        Coverage  for  any fees, costs or expenses  of  any  nature  whatsoever  In the   investigation  or  defense of any claim or "suit" arising out of or involving asbestos, asbestos fibers or any product containing asbestos or asbestos fibers.

Authorized Representative

ULX0006 104-981	Page 1 of 1

Named Insured Community Associations Program	Endorsement Number	
Policy Syriiiiol
GLW	Policy Nufflber
G24220631002	Policy Period
08/01/2012	to	08/01/2013	Effective Date of Endorsementll
08/01/2012	
Issued By (Name of Insurance Company)
WestchesteLSJJrplus Lines Insurance CQ	

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
SERVICE OF SUIT ENDORSEMENT - ILLINOIS
It is agreed that in the event of the  failure  of  the  company  hereon  to  pay  any  amount  claimed  to  be  due hereunder, the company hereon, at the request of the Insured, will submit  to  the  jurisdiction  of  any  court  of competent jurisdiction within the United States of America and will comply with  all requirements  necessary to give such court jurisdiction and all matters arising  hereunder  shall  be  determined  in  accordance  with  the  law  and practice of such court. However,  nothing  in  this  endorsement  constitutes  a  waiver  of  company's  right  to  remove an action to a United States District Court,  or  to  seek  a  transfer  of  a  case to  another  court  as  permitted  by  the laws of the United States or of any state in the United States.

It is further agreed that service of process in such suit may be made upon the Claims Manager. or his nominee, at 625 W. Monroe Street, Suite 400, Chicago, Illinois 60661, and that in any suit instituted against this policy, the company will abide by the final decision of such court or of any Appellate court in the event of an appeal.

The above-named Claims Manager is authorized and directed  to  accept  service  of  process  on  behalf  of  the Company in any such suit and/or  upon the  request  of  the  Insured  to  give a  written  undertaking  to  the Insured  that it or they will enter a general appearance upon the Company's behalf in the event such a suit shall be instituted.

Further, pursuant to any statute of any state, territory or district of the United States of America, which makes provision therefore, the company hereon  designates the Superintendent, Commissioner or Director of  Insurance  or other officer specified for that purpose In the statute or their successor or successors in office as their true and lawful attorney upon whom may be served any lawful process of any action, suit or proceeding instituted by or on behalf of the Insured or any beneficiary, hereunder arising out of his contract of insurance. and hereby designates
the above named Claims Manager as the  person  to  whom  the  said  officer  is authorized  to  mail  such  process  or true copy thereof.

The address of the Illinois Director of Insurance is: Department of Insurance
State of Illinois
320 West Washington Street Springfield, Illinois 62767

If the Insured is resident in Canada, it is agreed that the foregoing provisions shall  also  apply  as  respects  any  province of Canada.

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY, ALTER WAIVE OR EXTEND ANY OF THE TERMS, CONDITIONS, OR LIMITATIONS OF THE POLICY TO WHICH THIS ENDORSEMENT IS ATTACHED OTHER THAN AS ABOVE STATED

Authorized Agent

XS-2X35c (11/111

Named Insured
Community AssociaItions Program 	I	Endorsement Number	
Policy Symbol
GLW	Policy Number
G24220631 002	Policy Period
08/01/2012	To	8/01/2013	Effective Date of Endorsement
08/01/2012	
Issued By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co.	

EXCLUSION - ANIMALS
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL GENERAL LIABILITY COVERAGE PART

The Following is added to:
SECTION I - COVERAGES,

COVERAGE A BODILY INJURY AND PROPERTY DAMAGE LIABILITY, 2. Exclusions, and COVERAGE B PERSONAL AND ADVERTISING INJURY LIABILITY, 2. Exclusions, and COVERAGE C MEDICAL PAYMENTS, 2. Exclusions

This Insurance does not apply to "bodily Injury,' 'property damage' or 'personal and advertising injury' arising out of or caused In whole or In part by animals. Including but not limited to dogs, cats, horses, cattle or birds.

All other terms and conditions of the policy remain unchanged.

Named Insured
Community AssociaItions Program 	I	Endorsement	Number	
Policy Symbol
GLW	Policy Number
G24220631 002	Polioy Period
08/01/2012	To	08/01/2013	Efleclive Date of Endorsement
08/01/2012	
Issued By (Name of Insurance Company)
Westchester Surplus Lines Insurance Co.	

IMPORTED BUILDING MATERIALS EXCLUSION

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL GENERAL LIABILITY COVERAGE PART
SECTION 1- COVERAGES, COVERAGE A BODILY INJURY AND PROPERTY DAMAGE LIABILITY, 2. Exclusions
and COVERAGE B PERSONAL AND ADVERTISING INJURY LIABILITY, 2. Exclusions are amended and the following added:

This Insurance does not apply to "bodily Injury,• "property damage" or "personal and advertising Injury" arising out of, caused by, related or attributable to, In whole or In part, 'drywall", plasterboard, sheetrock or gypsum board, or any materials used in the manufacture of 'drywall', plasterboard, sheetrock or gypsum board, Including but not limited to "synthetic gypsum•, or any other materials used in the construction of Interior walls, that were manufactured In, originated or exported from China or incorporated any component parts or materials made In, originated or exported from China.
The following definitions are added to the policy:

"Drywall' means any type or brand of rigid paper-faced boards or panels used as building material.

"Synthetic gypsum", also known as recaptured gypsum, means calcium sulfate or any sulfate material or any other byproduct of any Industrial de-sulfurizatlon or acid neutralization processes and used as an Ingredient In "drywall", cement, plaster or other building product. It includes gypsum made from recycled gypsum waste.

The addition of this endorsement does not imply that other policy provisions, including but not limited to any pollution exclusion, do not elso exclude coverage for the same types of loss excluded by this endorsement.

All other terms and conditions of the policy remain unchanged.

Surplus Line Association of Illinois - efile	Page I of I

Accepted on 9/24/2012 9:58:00 AM - SLA Countersignature #IL20120082148.

Notice to Policyholder: This contract is issued, pursuant to Section 445 of the Illinois Insurance Code, by a company not authorized and licensed to transact business in Illinois and as snch is not covered by the Illinois Insurance Guaranty Fund.

Service of process under this contract may be made upon the Director pursuant to paragraph 10 of Section 445 of the Code.

- ----··•-•·-· ·=]

...........	------- -	------	_,.,.
Policy Id	 		]    IL20120082148-	·-· 	
Filing Type	Policy 		 	

----------

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I --  ......... 	..-.... ............. 	-..

-     --	-	      ,,,,,.. -	..	-·	----	---   ----   -- -----	_., 	j

Insurance Company	Percent
Westchester Surplus Lines Ins Co	 		100.000000 !
·-·	-·	·m•

TOTALS: COUNT: 1
-	 	

' 100.000000 '

..	,_,,_	...	-

-----
MM_,_,,

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Policy Number 		G24220631002	 		 	

L      ..	·-------	-  .        -" 	,_,,

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--	------	- -- ------- _.,,.,,,_,,,,,,_,

- - ---	-----

Insured	COMMUNITY ASSOCIA. TIONS PROGRAM (RPG)

...

,	Address 1	 	

200 EAST RANDOLPH STREET	 	

..

-

................. -    . -	---	---	_,,

--	---

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Address 2	5THFLOOR
 	-		------ --	----·-	-	- -      ,,_, 	,_, 	-- -  ---

City	CIDCA. GO

-

State	IL	 	
·--	--      --	-----	----	,,,,_

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-··	-----	-	----· ""	-

MM-••--

Zip	60601	 	    		 	
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Effective Date	8/1/2012

r	-	---.--·- -- -·--·	···-· ·- -	··-·-·-

•rnnrn

 	 	

-·--"""-·--·-· ··-·· --  -	---	-	- -  -
Term (months)	12

,,,,

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Coverage Code	"'-	-
Looi -		-

::_	-= ---	..	·- -.--.	

I	 --	_,,,,.,,_ -- -----	----
Premium  Fire Marshal
! !:::-:·- -	-  --
Tax
.. :	
Surplus Line Tax	11,300	
...		
Stamping Fee
        ,,,_  - ,..,_,,,_,               ---
Last Update	
------	
..		

-	-	--       --	- -   ----	.. --  -·------	-----··	- -- ----
Amount	2,000,000	.

323
·-	--	- - --	.	-- -----

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9/24/2012 9:58:00 AM

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https://www.slai.org/efile/Filingsview.asp?key=20120082148	11/29/2012

0000267808
8/01/2012
CND

J. Bryant Steele
AON RISK SERVICES - CENTEX
3000 Town Center, Suite 3000 Attn: Lynn Forkey/Bryant Steele Southfield, MI 48075

Fax Number:	248-359-6066
Phone Number: 248-936-5226

CND Auto Policy Letter Kit

MGONl

We've Got Community

JJ; ·--

Associations Coverer/
P.O. Box 7022 No1th Hollywood CA 91615-9324 Phone 800-621-2324 Fax 866-229-3754 www.ihginsurance.com License #0795465
5/09/2012

J. Bryant Steele
AON RISK SERVICES - CENTEX
3000 Town Center, Suite 3000 Attn: Lynn Forkey/Bryant Steele Southfield, MI 48075

RE: BRIDGETOWN AT PLANTATION
CNA Non Profit Community Association Directors' & Officers' Liability Policy Policy No.:	0251292547
PolicyPeriod:	8/01/2012	to 8/01/2013 Dear J. Bryant Steele:
AUTOMATIC RENEWAL: The enclosed policy is an automatic renewal of a policy
scheduled to expire in approximately 60 days. The expiring policy is eligible for our automatic renewal program. The policy qualifies for an automatic renewal, because (1) there have been no losses during the expiring policy period, and (2) there have been no material changes to this risk. This automatic renewal is void, if there have been any material changes during the past year. In the event of any material changes, you MUST contact our office for renewal terms

PREMIUM INCREASE: To comply with state regulations on renewal procedures, we are notifying you that the renewal policy transmitted with this letter contains an increase in premium. The increased premium is set forth on the renewal policy declarations page. This will serve as the only notice of this change.

CHANGES: If the property manager or any relevant addresses need to be changed or updated, please advise us and we will endorse the policy.

PREMIUM PAYMENT: Renewal of the enclosed policy is subject to payment of the premium and a$20.00	policy administrative charge in full. Ifpaymen1is nct received on or 30 days after the policy effective date, the policy will be void as of the renewal inception date. The renewal policy and invoice are enclosed.

If you do not want this renewal, please return  the policy with instructions  to non renew. If you have any questions, please feel free to contact your Aon/IHG Underwriter.

Very truly yours,
Aon/Ian H. Graham Insurance

)7lMck-
Martha Gonzales Underwriter

Community Association Policy
NOTICE:

Declarations

WITH RESPECT TO ASSOCIATION LIABILITY COVERAGE PART, THIS IS A CLAIMS MADE POLICY AND, SUBJECT TO ITS PROVISIONS, APPLIES ONLY TO ANY CLAIM FIRST MADE AGAINST THE NAMED ENTITY INSUREDS DURING THE POLICY PERIOD, NO COVERAGE EXISTS FOR CLAIMS FIRST MADE AFTER THE END OF THE POLICY PERIOD UNLESS, AND TO THE EXTENT THAT, THE EXTENDED REPORTING PERIOD APPLIES,
THE CRIME COVERAGE PART APPLIES TO A COVERED LOSS SUSTAINED RESULTING FROM ACTS OR EVENTS OCCURRING DURING THE POLICY PERIOD UNLESS CERTAIN CONDITIONS CONCERNING PRIOR INSURANCE ARE MET.
DEFENSE COSTS INCURRED UNDER COVERAGE PARTS A REDUCE THE LIMIT OF LIABILITY AND ARE SUBJECT TO THE RETENTION. PLEASE REVIEW THE POLICY CAREFULLY AND DISCUSS THE COVERAGE WITH YOUR INSURANCE AGENT OR BROKER.

BRIDGETOWN AT PLANTATION HOMEOWNERS ASSN.
c/o LANDARC 2391 Pontiac Rd
Ml 48326

BRIDGETOWN AT PLANTATION HOMEOWNERS ASSN.
12950 KENTFIELD LANE
Ft Myers, FL 33913

Continental Casualty Company CNA Plaza, Chicago, IL 60685

Item 2.

Item 3.

Policy Period:	810112012	to	8101/2013 12:01 a.m. local time at the address stated in Item 1.
Policy Premium:	$1,175.00

$15.28	FL Hurricane Surcharge

$20.00	IHG Admin Fee
$1,215.18	Total
Item 4.	Notices to Insurer:

Claims: Claim Manager CNA Global Specialty Lines 40 Wall Street, 8th Floor New York, New York 10005

Item 5.	Coverage:

All other notices:
Ian H. Graham Insurance, a division of Affinity Insurance Services, Inc.
Managing General Underwriter 15303 Ventura Blvd, 12th Floor Sherman Oaks, CA 91403

This Policy is issued with the Limits of Liability and Retentions set forth,  subject  to  the Prior  or Pending Dale, if applicable all as set forth in the schedule below.
Defense Costs are included within the applicable limit of liability for Association Liability Coverage Part. Defense costs are neither covered nor included within the applicable limits(s) of liability for the Crime Coverage Part .

CWNA

This Policy includes only those coverages designated with a "Yes" as "Included" in column 1 of the Coverage Schedule set forth below. If neither "Yes" or "No" is designated for a Coverage Part or a specific Crime Coverage Part Insuring Agreement, such Coverage Part or specific Crime Coverage Part insuring agreemetn is not included
Page 1
G-145174-A (Ed.6/03)
Continental Casualty Company

Community Association Policy	Declarations

Disappearance and	I	N	I	nla	I	n/a	
Insuring Agreement
4: Computer Fraud	I	
N	
I	
nla	
I	
nla	
Fraud	

Association Liability

I

y

I

$1,000,000
Aggregate Limit of Liability for all Loss paid on behalf of all Named Entity Insureds for all Claims first made during each

I

$1,000

I	8101/2010

 	Policy Period.	
Crime:	I	I $ per loss

I

I Not
Applicable

1:	Employee Theft	I
Insuring Agreement 2: Forgery or Alteration
Insuring Agreement 3:	Theft,

Insuring Agreement

N

I

nla

I	nla

I

N

I

nla

I

nla

Destruction

and Wire Transfer

Item 6.	Any natural person or entity property manager hired by the Named Entity to provide Property Management Services.

Item 7.	Endorsements forming a part of this Policy at issuance:
G-145127-A09	06	- Cancellation and Non-renewal end!.	
G-145128-A09	06	- Amendatory Endorsement	
G-145129-A09	04	- Amendatory Changes	
G-145171-A		- Policy Form	
G-147098-A09	04	- Amends CCC for state compliance	
GSL11876FL (4-09)	- Bi -Lateral Optional Extended Reporting Period Fl GTC G-145170-A	- General Terms & Conditions
GSL8394 (12106)	- Breach Of Contract Defense Coverage GSL4393	04/05	- Defense Costs Limits Endorsement

Page 2

C"NA

G-145174-A (Ed. 6/03)
CNA Insurance Companies

Community Association Policy	Declarations

These Declarations, along with the completed and signed Application, the Policy, and any written endorsements attached shall constitute the contract between the Named Entity Insureds and the Insurer.

'-'""""" Rep emm.., 		/li	
Date:	5/09/2012

Page3

C'NA

G-145174-A (Ed. 6/03)
CNA Insurance companies

C'NA

DEFENSE COSTS LIMITS ENDORSEMENT

In consideration of additional premium paid, it is hereby understood and agreed that, solely with respect to the Liability Coverage Part, the Policy is amended as follows:

The notices at the top of the Declarations and page 1 of the Policy are deleted in their entirety and the following is inserted:

WITH RESPECT TO ASSOCIATION LIABILITY COVERAGE PART, THIS IS A CLAIMS MADE POLICY AND, SUBJECT TO ITS PROVISIONS, APPLIES ONLY TO ANY CLAIM FIRST MADE AGAINST THE NAMED ENTITY INSUREDS DURING THE POLICY PERIOD. NO COVERAGE EXISTS FOR CLAIMS FIRST MADE AFTER THE END OF THE POLICY PERIOD UNLESS, AND TO THE EXTENT THAT, THE EXTENDED REPORTING PERIOD APPLIES.

THE CRIME COVERAGE PART APPLIES TO A COVERED LOSS SUSTAINED RESULTING FROM ACTS OR EVENTS OCCURRING DURING THE POLICY PERIOD UNLESS CERTAIN CONDITIONS CONCERNING PRIOR INSURANCE ARE MET.

DEFENSE COSTS INCURRED UNDER THE ASSOCIATION LIABILITY COVERAGE PART ARE SUBJECT TO AN ADDITIONAL SEPARATE DEFENSE COSTS LIMIT OF LIABILITY. HOWEVER, IF THE ADDITIONAL SEPARATE LIMIT OF LIABILITY FOR DEFENSE COSTS IS EXHAUSTED, DEFENSE COSTS WILL REDUCE AND MAY EXHAUST THE REMAINING LIMITS OF LIABILITY AVAILABLE UNDER THE POLICY. DEFENSE COSTS ARE SUBJECT TO THE RETENTION AMOUNTS. PLEASE REVIEW THE POLICY CAREFULLY AND DISCUSS THE COVERAGE WITH YOUR INSURANCE AGENT OR BROKER.
Item 5 of the Declarations, Coverage, is deleted in its entirety and amended as follows: Item 5. Coverage
This Policy is issued with the Limits of Liability and Retentions set forth, subject to the Prior or Pending Date, if applicable as set forth in the schedule below.

Defense Costs are in addition to the Limit of Liability for Association Liability Coverage Part. Defense Costs are neither covered nor included within the applicable limits(s) of liability for the Crime Coverage Part.

C'NA

Association Liability Scheduled Limit of Liability for All Liability Loss
$1,000,000	aggregate Limit of Liability applicable to all Liability Loss paid on behalf of all Named Entity Insureds for all Claims first made during each Policy Period.

Association Liability Scheduled Additional Limit of Liability for  Defense Costs
$1,000,000	aggregate additional Limit of Liability applicable to Defense Costs paid on behalf of all Named Entity Insureds for all Claims first made during each Policy Period.

01	Must be Completed	
ENDT.NO.
GSL4393
4/05	POLICYNO.
0251292547	

EFFECTIVE DATE OF THIS ENDORSEMENT

ISSUED TO

Complete Only When This Endorsementls Not Prepared with the Policy
m: is Not to be Effectivewith the Policv

This endorsement fonns a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

DEOL01

Community Association Policy	Endorsement

The General Terms & Conditions, Section V, LIMIT OF LIABILITY/RETENTIONS , is amended as follows: Paragraph 1.c. is deleted in its entirety;
The following new language is added:

All Defense Costs shall first be applied to the Defense Costs limit of liability. If and when such limit of liability for Defense Costs is exhausted by payment of Defense Costs, then and in that event only shall any remaining Defense Costs be applied to the applicable limit of liability for Liability Loss.

The Insurer is not obligated to investigate, defend, pay or settle, or continue to investigate, defend, pay or settle a Claim or pay any Loss, if the aggregate limit of liability applicable to Liability Loss has been exhausted by the payment of Loss other than Defense Costs , payment of Defense Costs , or the payment of both , even if any of the additional limit of liability applicable to Defense Costs remains. In
such case, the Insurer shall have the right to withdraw from the further investigation, defense or settlement of such Claim by tendering such investigation, defense or settlement to the Named Entity Insureds.

However, if the aggregate additional Limit of Liability applicable to Defense Costs is exhausted and the Limit of Liability applicable to Liability Loss is not yet exhausted, the Insurer's obligation to defend any Liability Claim or pay Liability Loss, including Defense Costs, shall not be extinguished, unless and until the maximum aggregate Limit of Liability for all Liability Loss is exhausted.
The General Terms & Conditins, Section VI, DEFENSE AND SETTLEMENT , subparagraph 1 is deleted in its entirety and replaced with the following:

Defense of Claims

The Insurer has the right and duty to defend all Liability Claims, even if the allegations are groundless, false or fraudulent. The Insurer shall have the right to appoint counsel and to make such investigation and defense of a Liability Claim as it deems necessary The Insurers obligation to defend any Liability Claim or pay any Liability Loss, including Defense Costs ,
shall be completely fulfilled and extinguished if the Limit of Liability applicable to all Loss, set forth in Item 5 of the Declarations, has been exhausted, even if any Limit of Liability applicable to Defense Costs, set forth in Item 5 of the Declarations, remains. In such case, the Insurer shall have the right to withdraw from the further investigation, defense or settlement of such Liability Claim by tendering such investigation, defense or settlement to the Named Entity Insureds. or if the Named Entity has failed to pay its full retention for reasons other than Financial Insolvency.

All other terms and conditions of the Policy remain unchanged

C'NA

01	Must be Completed	
ENDT.NO.
GSL4393 4/05
.	POLICYNO.
0251292547	

	CompleteOnly When This Endorsementls Not Prepared with the Policy
QI is Not to be Effectivewith the Policy	
ISSUED TO	EFFECTIVE DATE OF
THIS  ENDORSEMENT	

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

DEOL02

C'NA

BREACH OF CONTRACT DEFENSE COVERAGE WITH SUBLIMIT ENDORSEMENT

In consideration of the premium paid, it is hereby understood and agreed that the Liability Coverage Part, Section Ill, EXCLUSIONS, is amended as follows:

Paragraph 1, Exclusions Applicable to All Loss, subparagraph m. is deleted in its entirety and replaced as follows:

for:
a Named Entity Insureds actual or alleged liability under any oral contract or agreement, including but not limited to express warranties or guarantees. Provided, however, that this exclusion shall not apply to any Claim for liability under an employment contract;
liability of others assumed by the Named Entity Insured under any oral or written contract or agreement,
except that coverage otherwise available to a Named Entity Insured shall apply to such Named Entity Insured s liability that exists in the absence of such contract or agreement; or

Paragraph 2. Exclusions Applicable to Loss Other than Defense Costs, is amended to add the following new Exclusion:

The Insurer shall not be liable to pay that portion of Loss, other than Defense Costs, for:
a Named Entity Insureds actual or alleged liability under any written contract or agreement, including but not limited to express warranties or guarantees. Provided, however, that this exclusion shall not apply to any Claim for liability under an employment contract;
except that coverage otherwise available to a Named Entity Insured shall apply to such Named Entity Insured s liability that exists in the absence of such written contract or agreement.
Defense Costs coverage provided herein shall be subject to the following Retention and Sublimit. Such sublimit shall be included within, and not in addition to, the aggregate Limit of Liability for all Liability Loss as stated in Item 5. on the Declarations.

Retention:	$	1000	per Claim	
Sublimit:	$	1000000	per Claim and in the aggregate	

All other terms and conditions of the Policy remain unchanged.

C'NA

02	Must beCompleted	
ENDT.NO.
GSL8394 12/06	POLICY NO.
0251292547	

EFFECTIVE DATE OF
THIS ENDORSEMENT

ISSUED TO

CompleteOnly When This Endorsementls Not Prepared with the Policy
Qf is Not to be Effectivewith the Policy

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

G8394

ized Representative

CNA INSURANCE COMPANIES		age1of1 GSL8394XX(12-06)

Community Association  Policy	Association Liability Coverage Part

The Insurer shall pay all Loss resulting from any Claim first made against any Named Entity, Subsidiary, Insured Person or Property Manager during the Policy Period or the Extended Reporting Period, if applicable, for a Wrongful Act committed, attempted, or allegedly committed or attempted, by such Named Entity Insured before or during the Policy Period.

77'Wtfll	tl'IIII
For purposes of coverage under this Coverage Part:
Claim means:
a written demand for monetary damages or nonmonetary relief against a
Named Entity Insured for a Wrongful Act;
a civil, criminal, or administrative adjudicatory proceeding against a Named Entity Insured for a Wrongful Act, including any appeal therefrom; or
a proceeding before the United States Equal Employment Opportunity
Commission or any similar state, local or territorial governmental agency, against a Named Entity Insured for a Wrongful Act which is a Wrongful Employment Practice.

Construction Defect means any alleged or actual defective, faulty or delayed construction or any other matter recognized as a construction defect under applicable common or statutory law, whether or not as a result of (i) faulty or incorrect design or architectural plans, (ii) improper soil testing, (iii) inadequate or insufficient protection from subsoil, ground water or earth movement or subsidence, (iv) the construction, manufacture or assembly of any tangible property, (v) the failure to provide construction related goods or services as represented or to pay for such goods or services, or (vi) the supervision of such activities.
Insured Persons means all past, present or future duly elected  or  appointed directors, officers, trustees, employees	(including full time, part time, seasonal, temporary, leased or loaned employees), or committee members of Named Entity or any Subsidiary; volunteers acting on behalf of and at the specific direction of the Named Entity or any Subsidiary; or Property Manager Employees.
Loss means damages, settlements, judgments (including any award of pre-judgment and post-judgment interest) and Defense Costs for which the Named Entity  Insureds are legally obligated to pay on account of a covered Claim. Loss shall not include:
criminal or civil fines or penalties imposed by law;
taxes;
any amounts for which there is no legal recourse against the Named Entity Insureds; or
matters which are uninsurable under the law pursuant to which this Policy is
construed.
Loss shall include punitive, exemplary or multiple damages, if insurable, to the fullest extent permitted by any applicable law.

Publishers' Wrongful Act means a Wrongful Act that is:
copyright, trademark, trade name, trade dress or service mark infringement;
unauthorized use of title;
plagiarism; or

Community Association  Policy	Association Liability Coverage Part

misappropriation of ideas.

Property Manager Services means the following services provided by the Property Manager for Named Entity for a fee:
development and implementation of management plans and budget;
oversight of physical maintenance of property;
solicitation, evaluation and securing of tenants and management of tenant relations, collection of rent and processing evictions;
development, implementation and management of loss control and risk management plans for real property;
development, implementation and management of contracts and subcontracts (excluding property and liability insurance contracts) necessary to the daily functioning of the property;
feasibility studies and recommendations regarding maintenance, repairs,
renovations or alterations of managed premises, provided said maintenance, repairs, renovation or alterations do not involve the services of an architect; and
personnel administration and record keeping, including tax filings, in connection with a managed property.

Specified Peril means aircraft or self propelled missiles; explosion; fire; lightning; flood, surface water, waves, tidal water, overflow of a body of water or spray from any of the foregoing, even if driven by wind; hail; leakage from fire equipment; mechanical breakdown; smoke; soil, subsoil or earth movement or subsidence; whether by earthquake, landslide, mudslide, volcanic eruption or other natural or man-made causes; or wind.

Wrongful Act means any actual or alleged error, misstatement, misleading statement, act, omission, neglect or breach of duty committed or attempted by:
the Insured Persons in their capacity as such, or any matter claimed against the
Insured Person solely by reason of serving in such capacity;
any Named Entity or Subsidiary; or
a Property Manager, but solely in the capacity as a Property Manager performing
Property Manager Services,
including but not limited to any Publishers' Wrongful Act, any Wrongful Employment Practice, and any Wrongful Personal Injury.

Wrongful Employment Practice means any Wrongful Act constituting or relating to:
wrongful dismissal or discharge or termination of employment, whether actual or constructive;
employment-related misrepresentation;
violation of any federal, state or local laws (whether common-law or statutory) concerning employment or discrimination in employment, including the Americans with Disabilities Act of 1992, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, Title VII of the Civil Rights Act of 1964 and the Civil Rights Act of 1866;
sexual harassment or other unlawful harassment in the work place;
wrongful deprivation of career opportunity or failure to employ or promote;
wrongful discipline of employees;
retaliation against employees for the exercise of any legally protected right or for engaging in any legally protected activity;
negligent evaluation of employees;
C'NA	Page2

Community Association  Policy	Association Liability Coverage Part

failure to adopt adequate workplace or employment policies and procedures;
employment-related defamation or invasion of privacy; or
employment-related wrongful infliction of emotional distress.

Wrongful Personal Injury means a Wrongful Act of:
false arrest, wrongful detention or imprisonment;
malicious prosecution;
libel, slander or other defamation;
publication or an utterance in violation of an individual's right to privacy;

 	11-	

wrongful entry or eviction, or other invasion of the right to private occupancy; or
discrimination, other than employment related discrimination.

Exclusions Appljcable to all Loss
The Insurer shall not be liable to pay any Loss in connection with any Claim:
based upon, directly or indirectly arising out of, or in any way involving any:
actual or alleged bodily injury, sickness, disease, emotional distress, mental anguish or death of any person (except employment-related wrongful infliction of emotional distress in a Claim for a Wrongful Employment Practice);
actual, alleged or threatened inhalation of, ingestion of, contact with,
exposure to, existence of, growth  or presence  of Fungi  or Microbes; or the actual, alleged or threatened failure to detect, report, test for, monitor, clean up, remove, contain, treat, detoxify, neutralize, remediate, dispose of or in any way respond to, assess the effects of  or advise of the existence of any Fungi or Microbes. This exclusion applies regardless of any other cause or event that contributes concurrently or in any sequence to the Losses claimed;
Construction Defect;
Specified Peril (except that part of Loss which consmutes Defense Costs in a Claim for such Specified Peril); or
damage to tangible property; loss of use or view, or destruction or deterioration of any tangible property; or failure to supervise, repair or maintain tangible property. However, this exclusion shall not apply to that part of Loss which constitutes Defense Costs in Claims for (a) decisions by the board of the Named Entity or any committee thereof  to impose assessments upon residents, unit owners  or members  of the Named Entity; or (b) decisions  of the  board  of the Named  Entity in approving or rejecting the request to make physical changes to tangible property, but in no  event decisions  relating to the execution  or quality of such physical changes;

based upon, directly or indirectly arising out of, or in any way involving:
any Wrongful Act or any matter, fact,  circumstance,  situation, transaction, or event which has been the subject of any notice  given under any prior policy, in whole or in part, regardless of whether  such  prior policy affords coverage; or

Page3

C'#A

G-145171-A (6/03)

Community Association  Policy	Association Liability Coverage Part

any other Wrongful Act whenever occurring, which, together with a Wrongful Act described in (1) above, would constitute Interrelated Wrongful Acts;
based upon, directly or indirectly arising out of, or in any way involving or constituting any civil, criminal, administrative or regulatory proceeding, investigation or arbitration against any of the Named Entity Insureds:
pending prior to the applicable Prior or Pending Date set forth in the Coverage Schedule of the Declarations; or
which has been the subject of any notice given under any prior policy, regardless whether such prior policy affords coverage for  such proceeding, investigation, or arbitration;
or any fact, circumstance, situation, transaction or event underlying or alleged in such proceeding, investigation or arbitration;
based upon, directly or indirectly arising out of, or in any way involving: any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants; any request, direction or order that any of the Named Entity Insureds test for, monitor, clean up, remove, contain, treat, detoxify, neutralize or in any way respond to or assess the effect of Pollutants or nuclear reaction, radiation or contamination, or any voluntaiy decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity or any Subsidiary, their security holders, or their creditors resulting from any of the aforementioned matters; provided however, this exclusion shall not apply to any Claim for retaliatory treatment of the claimant by the Named Entity Insureds on account of the claimant's actual or threatened disclosure of the matters described in this exclusion;
for any Wrongful Act by Insured Persons in the discharge of their duties in their capacities, or solely by reason of their status, as directors, officers, trustees, regents, governors or employees of any entity other than Named Entity, any Subsidiary or the Property Manager, even if directed or requested by Named Entity, any Subsidiary or the Property Manager to serve as directors, officers, trustees, regents, governors or employees of such other entity;
where it is established in a final adjudication by the judge, jury or arbitrator in such Claim that such Named Entity Insured gained any profit, remuneration or pecuniary  advantage  to which they  were not legally entitled.	For purposes of determining the applicability of this exclusion, the Wrongful Act of an Insured Person shall not be imputed to any other Insured Person, and only facts pertaining to and knowledge possessed by an Executive Officer shall be imputed to the Named Entity, any Subsidiary or Property Manager for the purpose of determining if coverage is available;
where ii is established in a final adjudication by the judge, jury or arbitrator in such Claim that such Named Entity Insured committed any fraudulent or criminal Wrongful Act with actual knowledge of its wrongful nature or  with intent to cause damage. For purposes of determining the applicability of this exclusion, the Wrongful Act of an Insured Person shall not be imputed to any other Insured Person, and only facts pertaining  to and knowledge possessed by an Executive Officer shall be imputed to the Named Entity, any

C'#A

Page4
G-145171-A (6/03)

Community Association  Policy	Association Liability Coverage Part

Subsidiary or Property Manager for the purpose of determining if coverage is available;
based upon, directly or indirectly arising out of, or in any way  involving  a lockout, strike, picket line, replacement or other similar actions resulting from labor disputes or labor negotiations, or the Workers' Adjustment and Retraining Notification Act, Public Law 100-379 (1988), or any amendment thereto, or any similar federal, state, local or common law;
based upon, directly or indirectly arising out of, or in any way involving any actual or alleged violation of (i) ERISA or any Similar Act; (ii) any law governing workers' compensation, unemployment insurance, social security, disability or similar law, (iii) the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), (iv) the Fair Labor Standards Act (except the Equal Pay Act), (v) the National Labor Relations Act, (vi) the Occupational Safety and Health Act of 1970 (OSHA), or (vii) any similar federal, state or local law. However, this exclusion shall not apply to any Claim for retaliatory treatment of the claimant by the Named Entity Insureds on account of claimant's exercise of a right pursuant to any such laws;
by or derivatively on behalf of the Named Entity or any Subsidiary;
for:
any Wrongful Act by Insured Persons of any Subsidiary occurring before the date such entity became a Subsidiary, or
any other Wrongful Act whenever occurring, which, together with a Wrongful Act described in (1) above, would constitute Interrelated Wrongful Acts;
for:
a Named Entity lnsured's actual or alleged liability under any oral or written contract or agreement, including but not limited to express warranties or guarantees. Provided, however, that this exclusion shall not apply to any Claim for liability under an employment contract;
liability of others assumed by the Named Entity Insured under any oral or written contract or agreement,
except that coverage otherwise available to a Named Entity Insured shall apply to such Named Entity lnsured's liability that exists in the absence of such contract or agreement; or

made against any of the Insureds in their capacity as sponsors, builders or developers of the Named Entity, or based upon, directly or indirectly arising out of, or in any way involving any actual or alleged  misconduct  of  a sponsor, builder or developer of the Named Entity, including but not limited to actual or alleged conflict of interest, self-dealing, or disputes concerning conversion, construction or development.
Exclusions Applicable to Loss other than Defense Costs 
The Insurer shall not be liable to pay that portion of Loss, other than Defense Costs, which constitutes:
the cost of any non-monetary relief, including without limitation any costs associated with any injunctive relief of any kind or nature imposed by any judgment or settlement;

C'#A

Page5
G-145171-A (6/03)

Community Association  Policy	Association Liability Coverage Part

the costs associated with providing any reasonable accommodations required by, made as a result of, or to conform with the requirements of, the Americans With Disabilities Act and any amendments thereto or any similar federal, state or local statute, regulation, or common laws;
medical or insurance benefits to which the claimant allegedly was entitled or would have been entitled had Named Entity or any Subsidiary provided the claimant with a continuation or conversion of insurance; or

Loss arising out of the failure to maintain or effect insurance.

ExcLYsJpgs Applicable tp Property MammM
The Insurer shall not be liable to pay any Loss of the Property Manager based upon, directly or indirectly arising out of, or in any way involving:
the commingling, misappropriation or improper use of, or failure to pay, collect, or safeguard funds;
advice as to property value;
the transfer or failure to tranfer funds;
notarization certification or acknowledgment of a signature;
any cease and desist order; or
the failure to give timely notice of claim or loss under any insurance policy
any Claim brought by or derivatively on behalf of the Named Entity Insured
against a Property Manager or a Property Manager Employee.

Page6

C'NA

G-145171-A (6/03)

Community Association Policy	General Terms & Conditions

In consideration of the payment of the premium and in reliance upon all statements made in the Application furnished to the Insurer designated in the Declarations, a stock insurance corporation, hereafter called the Insurer, the Insurer and the Named Entity Insureds agree as follows:

lDMi

 	-	

The terms and conditions of each Coverage Part apply only to that Coverage  Part  and shall not apply to any other Coverage Part. If any provision in these General Terms & Conditions is inconsistent or in conflict with the terms and conditions of any Coverage Part, the terms and conditions of that Coverage Part shall control for purposes of that Coverage Part.

Words set forth in bold have the meaning set forth below. However, any  bolded  word defined in these General Terms  &  Conditions  that is  defined  differently  in a Coverage Part shall, for purposes of coverage under that Coverage Part, have the meaning defined in that Coverage Part.
Application means all applications for this Policy and for any policy in  an uninterrupted series of policies issued by the Insurer or any affiliate of the Insurer of which this Policy is a renewal or replacement. Application includes any materials submitted  or  required  to  be  submitted  with  the Application.	An "affiliate of the Insure • means an insurer controlling, controlled by or under common control with the Insurer.
Coverage Part means only those coverage parts designated in the Declarations as "Included" in this Policy and attached hereto.
Crime Coverage Part means the Crime Coverage Part, if such Coverage Part is designated as "Included" in the Declarations and attached hereto.
Crime Loss means loss sustained under the Crime Coverage Part.
Defense Costs means all reasonable and necessary fees charged by attorneys designated by the Insurer, or by the Named Entity Insureds  with  the  Insurer's written consent.	Defense Costs also include all other reasonable and necessary fees, costs and expenses resulting from the investigation, adjustment, defense and appeal of a Liability Claim if incurred by the Insurer, or by the Named  Entity Insureds with the written consent of the Insurer, including the costs of appeal, attachment or similar bonds. However, the Insurer has no obligation to provide such bonds. Defense Costs shall not include salaries, wages, fees, overhead or benefit expenses associated with the directors, officers, employees, trustees, committee members, or volunteers of Named Entity, any Subsidiary, or Property Manager.
ERISA or any Similar Act means the Employee Retirement Income Security Act of 1974, as amended, or any similar common or statutory law of the United States or its states, territories or possessions, or any other jurisdiction anywhere in the world.
Executive Officer means with respect to Named Entity, any  Subsidiary,  or Property Manager, its trustees, chairperson, chief executive officer, president, chief financial officer,	in-house general counsel, and the director of human resources or equivalent position.
Financial Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as "included" in the Declarations attached hereto:

Community Association Policy	General Terms & Conditions

the appointment by any state or federal official, agency or court of a receiver, conservator, liquidator, trustee, rehabilitator or similar official to take control of, supervise, manage or liquidate such Named Entity; or such Named Entity becoming a debtor in possession; and
except with respect to a Change in Status, the inability of such organization financially or under applicable law to advance Defense Costs or indemnify the Insureds for Liability Loss.
Fungi means any form of fungus,  including  but not limited to yeast, mold, mildew, rust, smut or mushroom, and any spores, mycotoxins, odors  or  any  other substances, products, or by products produced by, released by, or arising out of the current or past presence of fungi.

Insured Person means any natural person covered under the Liability Coverage Part.

Interrelated Wrongful Acts means any Wrongful Acts which are logically or causally connected by reason of any common fact, circumstance, situation, transaction or event.
Liability Claim means any claim covered under the Liability Coverage Part.
Liability Coverage Part only means the Association Liability Coverage Part , if such Coverage Part is designated as "Included" in the Declarations attached to this policy.
Liability Loss means loss covered under the Liability Coverage Part.
Loss means all Liability Loss and all Crime Loss.
Microbe means any non-fungal microorganism or non-fungal colony-form organism that causes infection or disease including but not limited to any spores, mycotoxins, odors or any other substances, products, or by products produced by, released by, or arising out of the current or past presence of microbes.

Named Entity means the association named in Item 1 of the Declarations, including such association as a debtor in possession under Chapter 11 of the United States Bankruptcy Code or an equivalent status under the law of any other country.
Named Entity Insureds means the Named Entity,  Subsidiaries,  Property Manager and Insured Persons covered under under  any  Coverage  Part designated as "Included" in the Declarations.
Policy Period means the period from the effective date of this Policy to the Policy expiration date stated in Item 2 of the Declarations, or its earlier cancellation date.
Policy Premium means the original premium and the fully annualized amount of any additional premiums, other than the Extended Reporting Period premium, charged by the Insurer before or during the Policy Period.

C'NA	GTC Page 2

Community Association Policy	General Terms & Conditions

Pollutants means any substance exhibiting hazardous characteristics as, is or may
be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state or local or foreign counterpart. Pollutants also means, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals or waste (including materials to be recycled, reconditioned or reclaimed), as well as anyair emission, odor, waste water, oil or oil products, infectious or medical waste, asbestos, or asbestos products.
Property Manager means the entity or natural person specified in Item 6 of the Declarations. If an entity is specified in Item 6, Property Manager shall also include Property Manager Employees employed by such entity to provide real estate Property Management Services to the Named Entity.
Property Manager Employee means any natural person in the regular service of a Property Manager in the ordinary course of such Property Manager's business, whom such Property Manager governs and directs in the perfomnance of such service, including any part-time, seasonal, leased or  temporary  employee,  or  any duly elected or appointed director, officer, member of the board of managers or management committee member while performing Property Management Services within the usual scope of a Property Manager Employee.

Subsidiary means any entity which qualifies as a non-profit entity under Internal Revenue Code Section 501(c)(3) and any amendment thereto, during any lime  in which the Named Entity owns or controls, directly or through one or more Subsidiaries, the right to elect or appoint more than 50% of the entity's directors or trustees.
Change in Status means the consolidation or merger of the Named Entity into or with another entity, or Financial Insolvency:

ifil\'illlt'Ali!	-$--
Solely with respect to any Liability Coverage Part, if the Insurer non-renews this Policy, the Named Entity shall be provided, at no additional charge, an extension of this Policy for a period of 30 days immediately following the end of the Policy Period, but only with respect to  Claims made against  Named Entity Insureds  and reported to the  Insurer  during such extension	by reason of	any Wrongful Act committed before the earlier of the end of the Policy Period or the effective date of any Change in Status.
This period shall be referred to as the automatic Extended Reporting Period.
If the Insurer non-renews this Policy, the Named Entity shall have the right to purchase, upon payment of an additional premium equal to 100% of the annualized Policy Premium, an extension of this Policy for a period of 12 months immediately following the end of the Policy Period, but only with respect to;
under the Liability Coverage Part,. any Wrongful Act committed before the earlier of the end of the Policy Period or the effective date of any Change in Status;
under the Crime Coverage Part, loss sustained completely prior to the earlier
of the end of the Policy Period or the effective date of any Change in Status, which is discovered by the Named Entity no later than one year from the date of that termination or cancellation.

C"NA	GTCPage3

Community Association Policy	General Terms & Conditions

This period shall be referred to as the optional Extended Reporting Period.
As a condition precedent to the right to purchase the optional Extended Reporting Period, (i) the total premium for this Policy must have been paid; (ii)  the  Named Entity must request such Extended Reporting Period in writing, and such request  must be received by the Insurer, at the address for notices set forth in Item 4 of the Declarations page, within 30 days of the end of the Policy  Period  or the effective date of any Change in Status, and (iii) the full payment of the premium for such Extended Reporting Period must be received by the Insurer within 30 days after the end of the Policy Period.
If the optional Extended Reporting Period is purchased, the entire premium shall be deemed fully earned at its commencement without any obligation by the Insurer to return any portion thereof.
There is no separate or additional limit of liability for the automatic or optional Extended Reporting Period.

--	-	4

No receiver, conservator, liquidator, trustee, rehabilitator, or similar official and no governmental agency, body or representative can exercise the right to: (i) purchase extended discovery with respect to the Crime Coverage Part; or (ii) report any claim under the Crime Coverage Part. In addition, the Extended Reporting Period terminates immediately with respect to the Crime Coverage Part  on the  effective date of any other insurance obtained by Named Entity Insureds or any other party which replaces, in whole or in part, the coverage afforded by the Crime Coverage Part, regardless of whether such insurance provides coverage for Loss  sustained prior to the effective date of this Policy.

The estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners of Insured Persons shall be considered Named Entity Insureds under the Liability Coverage Part; provided, however, coverage is afforded to such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners only for a Claim arising solely out of their status as such and, in the case of a spouse, where such Claim seeks damages from marital community property, jointly held property or property transferred from the Insured Person to the spouse. No coverage is provided for any act, error or omission of an estate, heir, legal representative, assign, spouse or legally recognized domestic partners. All terms and conditions of this Policy, including without limitation the retention applicable to Liability Loss incurred by the Insured Perso!i, shall also apply to loss incurred by such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners.
tll 1•		m
Limit of Liability

The Scheduled Limits of Liability set forth in Item 6 of the Declarations as the Scheduled Limits of Liability for the Association Liability Coverage Part shall be the maximum aggregate Limits of Liability of the Insurer for all Liability Loss under such Coverage Part, regardless of the number of Claims made against the Named Entity Insureds;
The Scheduled Limit of Liability set forth in Item 6 of the Declarations as the Scheduled Limit of Liability for the Crime Coverage Part shall be the maximum

Community Association Policy	General Terms & Conditions

limit of liability of the Insurer for each Crime Loss under the Crime Coverage Part.
Such limit of liability shall not accumulate from Policy Period to Policy Period
If the Limit of Liability for any Coverage Part is exhausted by payment of Loss, the Insurer's obligations under such Coverage Part shall be deemed completely fulfilled and extinguished.

The Insurer shall pay Liability Loss on behalf of the Named Entity Insureds, and shall pay Crime Loss as incurred by the Named Entity Insureds, without consideration of other future obligations.

The liability of the Insurer for all Crime Loss sustained by more than one Named Entity Insured shall not exceed the amount that the Insurer would pay if all Crime Loss had been sustained by one Named Entity Insured.

In the event any loss is covered partly by the Crime Coverage Part and partly by any prior canceled or terminated insurance that the Insurer or any affiliate issued to the Named Entity Insureds, the most the Insurer will pay with respect to such loss is the larger of the amount recoverable under the Crime Coverage Part or the prior insurance.

If any loss is covered partly by the Crime Coverage Part and partly by any prior canceled or terminated insurance issued by any carrier other than the Insurer or any affiliate: (i) any retention amount applicable to the loss under the Crime Coverage Part will be reduced by any deductible or retention amount applicable under the prior insurance, and (ii) the limit applicable to the loss under the Crime Coverage Part will be reduced by any amount paid or payable to the Named Entity Insured under the prior insurance.

Retentions

Subject to paragraph c below, the Insurer is liable to pay only that amount of Loss in excess of any applicable retention. The Insurer will have no obligation to pay all or any portion of any applicable retention.
Separate Retentions as set forth in Item 6 of the Declarations as the Scheduled Retentions shall apply to each Loss under each Coverage Part.
No retention applies with respect to any Liability Loss in a Claim against any Insured Persons if the Named Entity, or any Subsidiary are not permitted to advance Defense Costs or to indemnify such Insured Persons for Liability Loss by reason of:
Financial Insolvency; or
a good faith determination by Named Entity, or any Subsidiary that such payment is not permitted under the broadest construction of applicable law.
Subject to Section XII below. if a Loss is covered under more than one Coverage Part and if more than one retention applies to such Loss, the maximum total retention amount applicable to such Loss shall be the amount of the largest applicable retention.

Community Association Policy	General Terms & Conditions

Defense of Claims

The Insurer has the right and duty to defend all Liability Claims, even if the allegations are groundless, false or fraudulent. The Insurer shall have the right to appoint counsel and to make such investigation and defense of a Liability Claim as it deems necessary. The Insurer's obligation to defend any Liability Claim or pay any Liability Loss, including Defense Costs, shall be completely fulfilled and extinguished if the limit of liability has been exhausted by payment of Liability Loss, or if the Named Entity has failed to pay its full retention for reasons other than Financial Insolvency.

Settlement

The Insurer shall not settle a Liability Claim without the  consent  of  the Named Entity Insureds, other than any Property Manager, which shall not be unreasonably withheld. If the Named Entity Insureds, other than any Property Manager unreasonably refuse to consent to a settlement or compromise recommended by the Insurer, and acceptable to the claimant, then the applicable limit of liability under this Policy shall be reduced to the amount for which the Liability Claim could have been settled plus all Defense Costs incurred up to the time the Insurer made its recommendation.

Cooperation of Named Entity Insureds

The Named Entity Insureds shall not admit liability, consent to any judgment,  agree to any settlement or make any settlement offer without the Insurer's prior written consent, such consent not to be unreasonably withheld. The Insurer  shall  not  be liable for any Loss to which it has not consented. The Named Entity Insureds agree that they shall not knowingly take any action which increases the Insurer's  exposure for Loss under this Policy. The Named Entity Insureds shall furnish the Insurer with copies of reports, investigations, pleadings, and all related papers, and such other information, assistance and cooperation as the Insurer may reasonably request.

.	If, during the Policy Period or any Extended Reporting Period, if applicable, any Claim is first made against the Named Entity Insureds, the Named Entity Insureds shall, as a condition precedent to the obligations of the Insurer under this Policy, give a written notice to the Insurer as soon as reasonably possible.
If, during the Policy Period the Named Entity Insureds first become aware of a specific Wrongful Act which may reasonably give rise to  a future  Liability  Claim and during such period give written notice to the Insurer of:
the names of any potential claimants and a description of the Wrongful Act
which forms the basis of their potential Claim;

Community Association Policy	General Terms & Conditions

the identity of the specific Named Entity Insureds allegedly responsible for such specific Wrongful Act;
the consequences that have resulted or may result from such specific
Wrongful Act;
the nature of the potential monetary damages or non-monetary relief which may be sought in consequence of such specific Wrongful Act; and
the circumstances by which Named Entity Insureds first became aware of such specific Wrongful Act;
then any Liability Claim otherwise covered pursuant to the Liability Coverage Part which is subsequently made and which arises out of such Wrongful Act shall be deemed to have been first made and reported to the Insurer by the Named Entity Insureds at the lime such written notice was received by the Insurer. No coverage is provided for fees and expenses incurred prior to the time such notice results in a Liability Claim.
Except as provided in subsection 2 above, a Liability Claim shall be deemed made:
in the case of a civil, criminal, administrative, regulatory proceeding  or arbitration, on the earliest of the date of service upon or other receipt by any Named Entity Insured of a complaint, indictment, notice of charge or similar document against the Named Entity Insured in such proceeding or arbitration;
in the case of a written demand for monetary damages or non-monetary relief, on the Named Entity Insureds' receipt of such written demand.
More than one Liability Claim involving the same Wrongful Act or Interrelated Wrongful Acts shall be considered as one Liability Claim which shall be deemed made on the earlier of:
the date on which the earliest such Liability Claim was first made, or
the first date valid notice was given by the Named Entity Insureds to the  Insurer under this Policy of any Wrongful Act or under any prior policy of any Wrongful Act, or any fact, circumstance, situation, event or transaction which underlies any such Liability Claim.

With respect to the Crime Coverage Part, within 90 days after discovery the Named Entity Insured sustained a loss, the Named Entity Insured shall provide a detailed sworn proof of loss. The Named Entity Insureds will, upon request of the Insurer, submit to an examination under oath. The Named Entity Insureds will also notify the police if they have reason to believe that any loss involves a violation of law.

The Named Entity Insureds shall give written notice to the Insurer under this Policy as specified in Item 4 of the Declarations, which shall be effective upon receipt.

The Insurer may not cancel this Policy except for non-payment of any premium when due by providing to Named Entity written notice stating when, not less than 20 days thereafter, such cancellation shall be effective. This Policy is issued in consideration of the  payment  of the premium.	If there is non-payment of the premium due on inception of the Policy Period, this policy does not take effect, and the Named Insured will be so notified.

Community Association Policy	General Terms & Conditions

The Named Entity Insureds grant the exclusive authority to cancel this Policy to Named Entity. Named Entity may cancel this Policy by providing the Insurer written notice stating when thereafter such cancellation shall be effective. The mailing or delivery of such notice shall be sufficient. The unearned premium shall be computed pro rata and premium adjustment may be made at the time cancellation is effected or as soon as practicable.

Any notices required under Section VIII, CANCELLATION, shall be provided to Named Entity at the address set forth in Item 1 of the Declarations and to the Property Manager if and at the address, specified in Item of the Declarations for this Policy. The mailing of such notice shall be sufficient.
l!Effililffi

 -	

If any Loss resulting from any Claim is insured under any other policies, this Policy shall apply only to the extent the Loss exceeds the amount paid under such other insurance whether such other insurance is stated to be primary, contributory, excess, contingent or otherwise, unless such other insurance is written only  as specific excess  insurance  over this Policy.

The Named Entity Insureds represent and acknowledge that the statements contained in the Application are true, are the basis of this Policy and are to be considered as incorporated into and constituting a part of this Policy, and shall be deemed material to the acceptance of this risk or the hazard assumed by the Insurer under this Policy. This Policy is issued in reliance upon the truth of such representations.

J

 	,,_­
Should two or more Coverage Parts apply to the same Loss, the Insurer will not pay more than the actual Loss incurred by the Named Entity Insureds.
 	EPJlllll/4MJ

If, after the effective date of this Policy, (i) Named Entity, or any Subsidiary creates
or acquires an entity, or (ii) Named Entity, or any Subsidiary merges with another entity such that Named Entity, or any Subsidiary is the surviving entity, then such entity, and any subsidiaries, directors, officers, trustees or employees of such entity who otherwise would thereby become a Named Entity Insured, shall be covered under this Policy, subject to its temns and conditions, only if the Insurer, at its sole option, upon submission of such infomnation as the Insurer may require and payment of any additional premium and/or amendment of the provisions  of the Policy, agrees  to provide coverage for such entity, subsidiaries, directors, officers or employees.
There shall be no coverage under the Liability Coverage Part for any Wrongful Act
by such created, acquired or merged entity, or by any persons or entities considered to be Named Entity Insureds pursuant to Section Xll.1 above, where such Wrongful Act occurred in whole or in part before the effective date of such acquisition or merger or for any Wrongful Act occurring on or after such date which,

Community Association Policy	General Terms & Conditions

---

together with any Wrongful Acts occurring before such date, would be considered Interrelated Wrongful Acts. There is no coverage under the Crime  Coverage  Part (if included) for any event discovered prior to the effective date of such  creation, merger or acquisition either by Named Entity Insured, or by the created, acquired or merged entity.

Change in Status of Named Entity
In the event of a Change in Status of Named Entity, coverage under this Policy shall continue until this Policy is otherwise terminated, but only with respect to Wrongful Acts occurring, or Loss under the Crime Coverage Part sustained, before the effective date of the Change in Status, unless (i) the Insurer is notified in writing of the Change in Status prior to the Change in Status effective date and agrees in writing to provide coverage for Wrongful Acts occurring, or Crime Loss sustained, on or after such effective date, and (ii) Named Entity accepts any special terms, conditions, exclusions or additional premium charge required by the Insurer.

Cessation of Subsidiary

If any organization ceases to be a Subsidiary:

there shall be no coverage under the Liability Coverage Part for any Wrongful Act by such organization or any Insured Person of such organization occurring after the date such organization ceased to be a Subsidiary; and

there shall be no coverage under the Crime Coverage Part Of included) for Crime Loss sustained by the Subsidiary after the date it ceased to be a Subsidiary.

Transfer of a Plan

If the sponsorship of a Plan is transferred so that Named Entity. or any Subsidiary is no longer the sole employer sponsor of such Plan, there shall be no coverage  under  the Crime Coverage Part (if included) for Crime Loss sustained by or with respect to such Plan after the date of such transfer.

To the extent it pays any Loss, the Insurer shall be subrogated to all the Named Entity Insureds' rights of recovery therefor. The Named Entity Insureds shall execute all papers necessary to secure such rights, including executing any documents necessary to enable the Insurer effectively to bring suit in their name, and shall not act or fail to act in any way that impairs the Insurers rights of subrogation or recovery.
If a Loss is in part insured and in part uninsured under this Policy or is in an amount
in excess of the applicable limit of liability, the Named Entity Insureds and the Insurer shall attempt to agree upon an equitable allocation of any recoveries made, whether before or after payment of the Loss by the Insurer, from any person or source responsible for causing the Loss. Reasonable expenses incurred in making a recovery shall always have priority of payment from all such recoveries. If, after exerting their best efforts, the Named Entity Insureds and the Insurer are unable to

Community Association Policy	General Terms & Conditions

agree upon such an allocation after taking into account due consideration for the respective parties' willingness to pay the expenses of making any recovery, the Insurer, if requested by the Named Entity Insureds, shall submit the dispute to binding arbitration. The rules of the American Arbitration Association shall apply with respect to the selection of the arbitration panel, which shall consist of one arbitrator selected by the Named Entity Insureds, one arbitrator selected by the Insurer, and a third independent arbitrator selected by the first two arbitrators.
In no event shall the Named Entity Insureds be entitled to recoup from recoveries
any amount to satisfy any retention until after all amounts which the Insurer is required to pay or pays under any applicable Coverage Part are reimbursed to the Insurer.,

,,,,,,.,.

Any allocation of recoveries for purposes of this Section XV shall not change any provisions dealing with calculation of insured Crime Loss  under  the  Crime Coverage Part.

 	_	

_..,,.,,

Notice to or knowledge possessed by any agent or other person acting on behalf of the Insurer shall not effect a waiver or a change in any part  of this Policy  or stop the Insurer from asserting any right under the provisions of this Policy, nor shall the provisions  be waived or changed except by written endorsement issued to form a part of this Policy.

The Named Entity Insureds agree that Named Entity  will act on behalf of the Named Entity Insureds with respect to giving of all notice to the Insurer (except notices provided in Section Vll.1 or 2), the receipt of notices from the Insurer, the payment of the premiums, the receipt of any return premiums that may become due under this Policy, and the acceptance of endorsements.

Payment of Crime Loss covered under the Crime Coverage Part to Named Entity shall discharge the Insurer from all further obligations under the Crime Coverage Part with respect to such Crime Loss, regardless of which Named Entity Insured sustained the Crime Loss.

MlMIRillJl9M6!1PIJ:l>WD1W
No action shall be taken against the Insurer unless, as a condition precedent, there shall have been full compliance with all the provisions of this Policy nor until the amount of the Named Entity Insureds' obligation to pay shall have been finally determined either by final and nonappealable judgment against the Named Entity Insureds after trial or by written agreement of the Named Entity Insureds, the claimant and the Insurer.
No person or organization shall have any right under this Policy to join the Insurer as
a party to any Liability Claim against the Named Entity Insureds to determine the Named Entity Insureds' liability, nor shall the Insurer be impleaded by the Named Entity Insureds or their legal representatives in any such Liability Claim.
Legal proceedings for the recovery of any Loss claimed under the Crime Coverage Part shall not be brought prior to the expiration of 90 days after proof of loss was received by the Insurer nor more than two years after the loss was discovered.

C'NA	GTCPage 10

Community Association Policy	General Terms & Conditions

hfiilfflWWtHrrrm

,,,,,,,,,,,,.

Assignment of interest under this Policy shall not bind the Insurer unless its consent is endorsed to this Policy.

Coverage shall apply solely to Claims brought and maintained entirety within and subject to the laws of the United States of America or any territory, possession, state, province or subdivision thereof.

iRlllll/RilliltWIIUII
The Named Entity Insureds agree that this Policy, consisting of the Application, the Coverage Pans, and all endorsements listed in the Declarations, constitute the entire contract existing between them and the Insurer or any of its agents relating to this insurance.

In accordance with laws and regulations of the United States concerning economic and
trade embargoes, this policy is void from its inception with respect to any term or condition of this policy that violates any laws or regulations of the United States concerning economic and trade embargoes including, but not limited to the following:
Any Named Entity Insured, or any person or entity claiming the benefits of a Named Entity Insured, who is or becomes a Specially Designated National or Blocked Person or who is otherwise subject to U.S. economic or trade sanctions;
Any Claim that is brought in a Sanctioned Country or by a Sanctioned Country Government, where any action in connection with such Claim is prohibited by U.S. economic or trade sanctions;
Any Claim that is brought by any Specially Designated National or Blocked Person or any person or entity who is otherwise subject to U.S. economic or trade sanctions;
Property that is located in a Sanctioned Country or that is owned by, rented to or in the care, custody or control of a Sanctioned Country Government, where any activities related to such property are prohibited by U.S. economic or trade sanctions; or
6. Property that is owned by, rented to or in the care, custody or control of a Specially Designated National or Blocked Person, or any person or entity who is otherwise subject to U.S. economic or trade sanctions.
As used in this Policy, a Specially Designated National or Blocked Person is any person or entity that is on the list of Specially Designated Nationals and Blocked Persons issued by the
U.S. Treasury Department's Office of Foreign Asset Control (O.F.A.C.) as it may be from time to time amended.

As used in this Policy, a Sanctioned Country is any country that is the subject of trade or economic embargoes imposed by the laws or regulations of the United States of America.

IN WITNESS WHEREOF, the Insurer has caused this Policy to be signed by its Chairman and Secretary at Chicago, Illinois, but the same shall not be binding upon the Insurer unless countersigned by a duly authorized representative of the Insurer.

&-NA	GTC Page 11

Community Association Policy	General Terms & Conditions

	 i
Chainnan	Secretary

C'NA	GTCPage 12

Community Association Policy

Endorsement

CANCELLATION AND NONRENEWAL ENDORSEMENT• FLORIDA
In consideration of the premium paid for this Policy, it is agreed that the General Terms & Conditions are amended as follows:
Section VIII., CANCELLATION is deleted in its entirety and replaced with the following:
Cancellation/Nonrenewal
Cancellation by the Named Entity
The Named Entity has the right to cancel this Policy at any time by giving notice to the Insurer stating when thereafter the cancellation shall be effective.
Cancellation by the Insurer
The Insurer has the right to cancel the Named Entity's Policy at any time and for any reason within the first ninety (90) days. The Insurer must mail notice of cancellation at least twenty (20) days prior to the effective date of such cancellation. If the Insurer cancels for non-payment of premium, the Insurer must mail notice of cancellation at least ten (10) days prior to the effective date of such cancellation. However, the Insurer may cancel immediately for material misrepresentation or failure to comply with underwriting requirements.
Alter the Named Entity's Policy has been in effect for ninety-one (91) days or more, it may be canceled only for one of the following reasons:
Nonpayment;
Policy obtained through material misrepresentation;
The Named Entity Insured violated the terms and conditions of the policy;
The risk originally accepted has measurably increased;
The cancellation is for all insureds under such policies for a given class of insureds.
The Insurer must mail notice of cancellation at least forty-live (45) days prior to the effective date of such cancellation. If the Insurer cancels for non-payment of premium, the Insurer must mail notice of cancellation at least ten (10) days prior to the effective date of such cancellation.

All notices shall be mailed to the Named Entity at the last mailing address known to the Insurer and shall state the reason for cancellation.
Non-Renewal by the Insurer
The Insurer has the right to non-renew the Named Entity's Policy effective  on any Policy anniversary date. All notices of non-renewal must be mailed to the Named Entity at the last mailing address known to the Insurer, at least forty-five (45) days prior to the effective date of non-renewal and shall provide a specific explanation of the reason(s) for non-renewal.

All other provisions of the Policy remain unchanged.

C1#A

03	Must be Completed	
ENDT.NO.
G-145127-A09 06/03	POLICYNO.
0251292547	

EFFECTIVE DATE OF THIS ENDORSEMENT

ISSUED TO

CompleteOnly When This Endorsementls Not Prepared with the Policy
fil is Not to be Effectivewith the Policy

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

I127FL

Community Association Policy	Endorsement

AMENDATORY  ENDORSEMENT•  FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the General Terms & Conditions are amended as follows:

The following item is added to the policy:

If a Named Entity Insured has any questions regarding this policy please call 1-800-621-2324 for assistance.

Section II., DEFINITIONS, paragraph 21 is deleted in its entirety and replaced with the following:

21.      Pollutants  means  any substance exhibiting  hazardous  characteristics as, is or may be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state or local or foreign counterpart. Pollutants also means, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals or waste (including materials to be recycled, reconditioned or reclaimed), as well as anyair emission, odor, waste water, oil or oil products, infectious or medical waste.

Section II., DEFINITIONS is amended by the addition of the following new definition:

Asbestos means the mineral in any form, whether or not the Asbestos was at any time:
airborne as a fiber, particle or dust;
contained in or formed a part of a product, structure, or other real or personal property;
carried on clothing;
inhaled or ingested; or
transmitted by any other means.

All other provisions of the Policy remain unchanged.

CWNA

04	Must be Completed	
ENDT.NO.
G-145128-A09 06/03	POLICY NO.
0251292547	

	Complete Only When This Endorsementls Not Prepared with the Policy
Qr is Not to be Effectivewith the Policy	
ISSUED TO	EFFECTIVEDATEOF
THIS ENDORSEMENT	

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

I128FL

Community Association Policy	Endorsement

AMENDATORY CHANGES - FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the Association Liability Coverage Part is  amended as follows:

Section II., DEFINITIONS, paragraph 4 is deleted in its entirety and replaced with the following:

Loss means damages, settlements, judgments (including any award of pre-judgment and post­ judgment interest) and Defense Costs for which the Named Entity  Insureds  are  legally obligated to pay on account of a covered Claim. Loss shall not include:
criminal or civil fines or penalties imposed by law;
taxes;
any amounts for which there is no legal recourse against the Named  Entity Insureds; or
matters which are uninsurable under the law pursuant to which this Policy is construed.

Section Ill., EXCLUSIONS, paragraph 1. Exclusions Applicable to all Loss, sub-item dis deleted in its entirety and replaced with the following:

d.	based upon, directly or indirectly arising out of, or in any way involving: any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants or Asbestos;  any request,  direction  or order  that any  of the Named Entity Insureds test for,  monitor,  clean  up,  remove,  contain,  treat,  detoxify, neutralize or in any way respond to or assess the effect of Pollutants or Asbestos or nuclear reaction, radiation or contamination, or any voluntary decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity or any Subsidiary,  their security  holders, or their  creditors  resulting  from  any of the aforementioned matters;  provided  however,  this exclusion  shall not apply to any Claim	for retaliatory treatment of the claimant by the Named Entity Insureds on account of the claimants actual or threatened disclosure of the matters described in this exclusion;

All other provisions of the Policy remain unchanged.

C1NA

05	Must be Completed	
ENDT.NO.
G-145129-A09 04/04	POLICY NO.
0251292547	

	Complete Only When This Endorsementls Not Prepared with the Policy
gr is Not to be Effectivewith the Policy	
ISSUED TO	EFFECTIVE DATE OF
THIS ENDORSEMENT	

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

Community Association  Policy	Endorsement

AMENDATORY • FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the Commercial Crime Coverage Part is amended as follows:

Section Ill., EXCLUSIONS, paragraph 7 is deleted in its entirety and replaced with the following:

7. Loss resulting from any nuclear reaction, radiation or contamination, or any actual, alleged or threatened discharge, release, escape, or disposal of, or exposure to, Pollutants or Asbestos ; any request, direction or order that the Named Entity Insureds test for, monitor, clean up, remove, contain, treat, detoxify, neutralize or in any way respond to or assess the effect of Pollutants or Asbestos or nuclear reaction, radiation or contamination, or any  voluntary decision to do so; or any actual or alleged property damage, or bodily injury, sickness, disease or death of any person, or financial loss to Named Entity Insureds, their security holders, or their creditors resulting from any of the aforementioned matters.

All other provisions of the Policy remain unchanged.

C'NA

06	Must be Completed	
ENDT.NO.
G-147098-A09 04/04	POLICYNO.
0251292547	

EFFECTIVEDATEOF THIS ENDORSEMENT

ISSUED TO

CompleteOnly When This Endorsementls Not Prepared with the Policy
Qr is Not to be Effectivewith the Policy

This endorsement forms a part of the policy. It is subject to the same inception date, unless otherwise stated. This endorsement expires concurrently with said policy.

CNA

Bl-LATERAL OPTIONAL EXTENDED REPORTING PERIOD FLORIDA

In consideration of the premium paid for this Policy, it is agreed that the General Terms & Conditions, Section Ill.
EXTENDED REPORTING PERIOD/DISCOVERY, paragraph 2 is deleted in its entirety and replaced with the following:

If the Named Entity cancels or non-renews or the Insurer non-renews this Policy, the Named Entity shall have the right to  purchase,  upon payment  of an addrrional premium equal to	100%	of the annualized Policy Premium, an extension of this Policy for a period of 12 months immediately following the end of the automatic Extended Reporting Period, but only with respect to;

under the Liability Coverage Part, any Wrongful Act comm ed before the earlier of the end of the
Policy Period or the effective date of any Change in Status;

under the Crime Coverage Part, loss sustained completely prior to the earlier of the end of the Policy Period or the effective date of any Change in Status, which is discovered by the Named Entity no later than one year from the date of that termination or cancellation.

This period shall be referred to as the optional Extended Reporting Period.

All other terms and conditions of the Policy remain unchanged.

This endorsement, which forms a part of and is for attachment to the Policy issued by the designated Insurers, takes effect on the effective date of said Policy at the hour stated in said Policy and expires concurrently wrrh said Policy unless another effective date is shown below.

By Authorized  Representative -,---,,,,--c---=--,--...,.,..,,...,....----=,-,----,---,------==----,----,	­
(No signature is required if issued wrrh the Policy or if it is effective on the Policy Effective Date)

Must be Completed
07	
ENDT.NO.
GSL11876FL (4-09)	POLICY NO.
0251292547	

	Complete Only When This Endorsement Is Not Prepared with the Policy
m: is Not to be Effective with the Policy	
ISSUED TO	EFFECTIVE DATE OF
THIS ENDORSEMENT	

FL11876

CNA INSURANCE COMPANIES	Page 1 of 1
GSL11876FL (4-09)

IMPORTANT INFORMATION

FOR OUR FLORIDA COMMERCIAL LINES
POLICYHOLDERS

Your policy premium includes a Florida Hurricane Catastrophe Fund surcharge.
Hurricanes Dennis, Katrina, Rita and Wilma, caused substantial property damage in Florida during the 2005 hurricane season. Certain of the hurricanes causing property damage in the 2005 hurricane season caused insured losses covered by the Fund. The State Board of Administration (BOARD) has determined that the amount of revenue produced under Section 215.555(5), Florida Statutes is insufficient to fund the obligations, costs, and expenses of the Florida Hurricane Catastrophe Fund (FUND) and the Florida Hurricane Catastrophe Fund Corporation {CORPORATION), including repayment of revenue bonds and that portion of the debt seJVice coverage not met by reimbursement.
Pursuant to the provisions of S.215.555(6)(b), Florida Statutes, the Board has directed the Office of Insurance Regulation {OFFICE) to levy, by order, an emergency assessment on direct premiums for all property and casualty lines of business in this state, excluding policy premiums for workers compensation, accident and health, medical malpractice and the National Flood Insurance Program. This Order was released as Case No. 86203-06.
This assessment shall be collected from each property and casualty policyholder with a policy that is issued or renewed during an assessment period. An assessment period begins on January 1 and continues for twelve-months. The emergency assessment shall be assessed in each successive assessment period until further Order of the Office.

The Florida Hurricane Catastrophe Fund surcharge has been set at 1% of your premium.
If you have questions about this surcharge, please contact either your CNA agent or the Florida Office of Insurance Regulation.

G300331A (Ed. 07106)

Page 1 of 1

NAMED INSURED & MAILING ADDRESS

TM

Policy Declarations	m

Policy No.
D37388956 002 212

Renewal of: D37388956 001

Bridgetown at Plantation Homeowner's Assn. c/o Evergreen Lifestyles Management
10401 Dartington Drive Fort Myers, FL 33913

12:01 A. M. Local Time At Named lnsured's Address

08/01/2013

When Cover e Ends:

12:01 A. M. Local Time At Named lnsured's Address

08/01/2012

When Coverage Begins:

POLICY PERIOD

INSURING COMPANY	Producer's Name & Address:	

Illinois Union Insurance Company	AIS AFFINITY INSURANCE AGENCY, INC
15303 VENTURA BOULEVARD, 121 FLOOR
"
SHERMAN OAKS, CA 91403

Producer No: 278375	

NO FLAT CANCELLATIONS PERMITTED

ATTACHED FORMS

This policy is completed by the following: BB-5W58a and forms and endorsements attached thereto.

Authorization Information	    2)....,"._
Authorized Representative	

Dated:	8/1/2012		

SLPD (03/08)

Common Policy Declarations	m

Policy Number: D37388956 002 212 Named Insured & Mailing Address

Company Name: Illinois Union Insnrance Company

Producer's Name & Address

Bridgetown at Plantation Homeowner's Assn.
c/o Evergreen Lifestyles Management 10401 Dartington Drive
Fort Myers, FL 33913

AIS AFFINITY INSURANCE AGENCY, INC
15303 VENTURA BOULEYARD, 12TH FLOOR SHERMAN OAKS, CA 91403
278375- 	_

General Policy Information

Policy Period:	12 months
Business Description:	Single Family Community Association
When Coverage Begins:	08/01/2012	12:01 A.M. Local Time at Named Insured's Address When Coverage Ends:		12:01 A.M. Local Time at Named Insured's Address
08/01/2013
In return for the payment of premium, and subject to all the terms and conditions of this policy, we agree to provide the insurance as stated in this policy.

The premium for this policy is indicated below next to the applicable Coverage Form(s).

Coverage Form
   Commercial Pro		$ 500	
$

$

 		$ 	_
$

Total Premium: Total Assessments, Fees, Surcharges, Taxes:
Total Amount Due: Minimum Earned Premium:
(Subject to Hurricane Minimum  Earned Premium
Endorsement, or whichever is greater)

$  500	
$  	
$  500
$  125

Attached Forms Information

Authorization Information

   See Forms Schedule CPfs2	

Date:

Page  I of I
Form BB-5WS8a (03/08)

Authorized Representative:
These Declarations together with the Coverage Dec1arations, Common PoJicy Conditions and Coverage Conditions (if applicable), Coverage Form(s) and Forms and Endorsements, if any, issued to form a part thereof, complete the above numbered policy

Company: Illinois Union Insurance Company
SYM:	FS	Policy ID: D37388956 002 212

ffl
l!il '"

Location	D Schedule on file with Company	D See attached Schedule CPs2	
	Loe. No.	Bid. No. I Address	
	1	1	12950 Kentfield Lane Ft. Me)!ers, FL 33913 and all completed properties	
			per application on file with Company which have received an executed certificate of occupancy or Its equivalent and for which the homeowners association is responsible to purchase and maintain property insurance in accordance with the applicable homeowners association bylaws or Its equivalent.	

Coverages	Insurance At Described Location Applies Only For Coverages For Which A Limit Of Liability Is Shown	
and Limits Provided		
	Loe.
No.	Bid.
No	
Coverage	Covered Causes of Loss
Form	Co- Ins- urance
%	Limit of Insurance
$	
	1	1	Real Property - Incl. Foundations, Business Personal Property, Extra	Special	Nil	$70,000	
			Exoense, Fine Arts, Outdoor Propertv				

	·---··-······---					

--·-··----""""""""""""	

	.						

"

Deductible	See CPsd2 (Supplemental Declarations)

Special Deductible Provisions

See Windstorm or Hail % Deductible Form

D See Hurricane % Deductible

D See Multiple Deductible Form

Coverage Options:	The following coverage ootions are orovided where indicated by an x or entrv:	
	Building  l..D Agreed Value Exp. Date	t8-) Reolacement Cost
Personal Property  1· □Agreed Value  Exp. Date	
		LJ8] Replacement Cost tO Inc. Stock}.10 Inc. Personal Propertv of Others\
I  □M onthly Limit of Indemnity	0 Maximum Period of Indemnity
, QExtended Period of Indemnity	Da s	
	Business Income:		

Attached Forms Information

Refer to Forms Schedule CPfs2

Form CPd2 (6/02) Page 2 of 1

Commercial Property Supplemental Declarations
company: Illinois Union Insurance Company
SYM:	FS	Policy ID: D37388956 002

m TM

Deductibles

AOP (Single Family Locations): $2,500 per occurrence except VMM $10,000 per occurrence

Named Windstorm/Hail Florida counties: Dade, Broward, Palm Beach, Hillsborough, Monroe): 5% Per Location of the sum of all values listed in the most recent Schedule of Values on file witb the Company for each location that has sustained a loss or damage and for which a claim is being made nnder this policy; subject to the minimum deductible of $50,000 per occurrence.

Named Windstorm/Hail All other Tier 1 counties: 2% Per Location of the sum of all values listed in the most recent Schedule of Values on file with the Company for each location that has sustained a loss or damage and for which a claim is being made under this policy; subject to the minimum deductible of$50,000 per occurrence

All Other Wind/Hail: $5,000 per location per occurrence

7 Days Waiting Period as respects Civil Authority and Ingress/Egress

Form CPsd2 (6/02) Page 1 of 1

Company: Illinois Union Insurance Company

Forms Schedule

SYM:	FS	Policy ID: D37388956 002

	When Coverage Begins:	08/01/2012	12:01 A. M. Local Time At Named lnsured's Address	
	When Coverage Ends:	08/01/2013	12:01 A. M. Local Time At Named lnsured's Address	

Applicable to all Coverage Parts

SLPD (03/08) - Policy Declarations
BB-5W58a (03/08) - Common Policy Declarations CPd2 (06/02) - Commercial Property Declarations
CPsd2 (06/02) - Commercial Property Supplemental Declarations
ACE0213 (05/10) -Accounts Receivable Coverage Endorsement - Sub Limit ACE063 (10/06) - Occurrence Limit of Liability
ACE061 (02/04) - Asbestos Material Endorsement
ACE0210 (01/08) - Nuclear, Biological, Chemical, Radiological Exclusion Endorsement ACE0239 (06/06) - Hurricane Minimum Earned Premium Endorsement
ACE0244 (01/06) - Named Storm Deductible and Named Storm Definition
ACE0247 (12/05) -Windstorm Percentage Deductible -Total Insurable Values per Location ACE0279 (12/06) - Tier 1 Wind Definition Endorsement
ACE0377 (06/08) - Sub-Limit Provision Endorsement
ACE0484 (06/11) - Newly Acquired Or Constructed Property Amendment ALL-21101 (11/06)-Trade Or Economic Sanctions Endorsement
CP 00 17 (06/07) - Condominium Association Coverage Form CP 00 50 (06/07) - Extra Expense Coverage Form
CP 00 90 (07/88) - Commercial Property Conditions CP 04 05 (04/02) - Ordinance or Law Coverage
CP 1O 30 (06/07) - Causes Of Loss - Special Form CP 10 32 (08/08) - Water Exclusion Endorsement CP 14 10 (06/95) - Additional Covered Property
IL 00 17 (11/98)-Common Policy Conditions
IL 02 49 (09/08) - South Carolina Changes - Cancellation And Nonrenewal IL 0415 (04/98) - Protective Safeguards
IL 09 52 (03/08) - Cap On Losses From Certified Acts Of Terrorism LD-5S23I (12/11) - Signature Endorsement
MA-608255p (08/09) - Claims Directory Property and Inland Marine SL-34255 (09/11) - Service of Suit Endorsement
TRIA11b (01/08) - Disclosure Pursuant To Terrorism Risk Insurance Act ACE0359 (12/10) - Earthquake Sprinkler Leakage Exclusion
ACE0380 (05/10) - Transit Endorsement
ACE0381 (05/10) - Valuable Papers Endorsement
ACE0372 (05/10) - Pollution Clean-Up And Removal Sub-Limit Endorsement ACE0356 (06/08) - Back Up Of Sewer And Drain Endorsement
ACE0363 (05/10) - Fine Arts Endorsement
CP 04 17 (06/07) - Utility Services - Direct Damage CP 14 30 (10/00) - Outdoor Trees, Shrubs and Plants ACE0537 (05/10) - Debris Removal Endorsement
ACE0357 (05/10) - Cancellation Provision Endorsement ACE0681 (10/11) - Definition of Loss Occurrence Endorsement
ACE0541 (08/11) - Newly Acquired Or Constructed Property Sub-Limit Endorsement ACE0543 (08/11) - Ordinance Or Law Sub-Limit Endorsement
ACE0678 (08/11) - Fire Department Service Charge Sublimit
CC-3R19 (7/97) - General Endorsement -ACE A- Personal Property of Others CC-3R19 (7/97) - General Endorsement -ACE B - Additional Exclusions
CC-3R19 (7/97) - General Endorsement -ACE C - Emergency Vacating Expense CC-3R19 (7/97) - General Endorsement -ACED - Outdoor Property

CC-3R19 (7/97) - General Endorsement - ACEE - Amendment
CC-3R19 (7/97) - General Endorsement - ACE F - Reporting Values Endorsement CC-3R19 (7/97) - General Endorsement - ACE G - Additional Conditions
CC-3R19 (7/97) - General Endorsement - ACE H - Ingress Egress Time Element Endorsement

Forms Schedule

ACCOUNTS RECEIVABLE COVERAGE ENDORSEMENT- SUB LIMIT

Named Insured
Community	
Associations Program	l	Endorsement Number	
Policy Symbol
FS	Policy Number
D37388956 002	Policy Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Comoany	

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING:
BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM

Schedule

Limit: See ACE0377

CAUSE OF LOSS - SPECIAL FORM

Accounts Receivable
You may extend the insurance that applies to Business Personal Property to apply to covered losses and expenses that you incur as a result of loss to your records of "accounts receivable." But this extension does not apply to "accounts receivable" which exist as electronic data, unless the loss results from "specified causes of loss." The most we will pay under this coverage extension for all loss or damage sustained in any one policy year, regardless of the number of occurrences of loss or damage or the number of premises, is the limit stated in the Schedule. This additional coverage is provided within, not in addition to, the Limit of Insurance stated in the Declarations as applicable to Business Personal Property.
Losses and expenses under this coverage are:
All amounts due from your customers that you are unable to collect;
Interest charges on any loan required to offset amounts you are unable to collect pending our payment of these amounts;
Collection expenses in excess of your normal collection expenses that are made necessary by the loss; and
Other reasonable expenses that you incur to re-establish your records of "accounts receivable."

If you cannot accurately establish the amount of "accounts receivable" outstanding as of the time of loss, the following method will be used to determine the loss:
Determine the total of the average monthly amounts of "accounts receivable" for the 12 months immediately preceding the month in which the loss occurred; and
Adjust that total for any normal fluctuations in the amount of "accounts receivable" for the month in which the loss occurred or for any demonstrated variance from the average for that month.
The following will be deducted from the total amount of "accounts receivable," however that amount is established:
The amount of the accounts for which there is no loss;
The amount of the accounts that you are able to re-establish or collect;
An amount to allow for probable bad debts that you are normally unable to collect; and
All unearned interest and service charges.
You will pay us the amount of all recoveries you receive for a loss paid by us. But you will not pay us any recoveries in excess of the amount we have paid.

ACE0213 (05/10)	Includes copyrighted material of Insurance Services Office, Inc., with its permission
Copyright© 201011

Page 1 of2

"Accounts Receivable" means:
All amounts due from your customers that you are unable to collect;
Interest charges on any loan required to offset amounts you are unable to  collect  pending our payment of these amounts;
Collection expenses in excess of your normal collection expenses that are made necessary by the loss; and
Other reasonable expenses that you incur to re-establish your records of "accounts receivable1.1

Under this additional coverage, electronic  data has the meaning described under Property Not Covered - Electronic Data in the Building and Personal Property Coverage Form.

II

ACE0213 (05/10)	Includes copyrighted material of Insurance Services Office, Inc., with its permission
Copyright © 201o

Page 2 of2

OCCURRENCE LIMIT OF LIABILITY

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	037388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information Is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

The following terms and conditions will apply to this policy:

The amount of insurance shown on the face of this policy is an amount per occurrence. In no event will the liability of this Company exceed this amount in any one covered loss, disaster or casualty, irrespective of the number of locations involved.

The premium for this policy is based upon the Statement of Values on file with the Company. In the event of covered loss, liability of the Company shall be limited to the least of the following:

the actual adjusted amount of covered loss, less applicable deductible(s);

for covered loss sustained to any specifically scheduled item or element of coverage, as scheduled in the most current Statement of Values on file with the Company, 100% of the individually stated amount for each individually scheduled item or element of coverage, less applicable deductibles, regardless of any reference to any sum total amount of specifically scheduled items or elements of coverage by location as may be listed or contained in the Statement of Values.

the Limit of Liability or amount of insurance shown on the face of this policy.

All other terms and conditions remain unchanged.

Authorized Representative

ACE063 (10/06)

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ASBESTOS MATERIAL ENDORSEMENT

This policy does not insure loss or expense resulting from:

asbestos material removal unless the asbestos is itself damaged by fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm or hail, vandalism, malicious mischief, leakage or accidental discharge from automatic fire protective systems;

demolition or increased cost of construction, repair, debris removal or loss of use necessitated by the enforcement of any law or ordinance regulating asbestos material;

any governmental direction or request declaring that asbestos material present in or part of or utilized on any undamaged portion of the insured's property can no longer be used for the purpose for which it was intended or installed and must be removed or modified.

All other terms and conditions remain unchanged.	Authorized Representative

NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By {Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY.
This Endorsement modifies insurance provided under the following: BOILER AND MACHINERY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART
COMMERCIAL PROPERTY COVERAGE PART CRIME AND FIDELITY COVERAGE PART

The following exclusions are added to your Policy or Coverage Part.

This insurance does not apply to:

Loss or damage arising directly or indirectly from nuclear detonation, reaction, nuclear radiation or ra­ dioactive contamination, all whether controlled or un­ controlled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in  whole  or  in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Pol­ icy or Coverage Part, however such nuclear detona­ tion, reaction, nuclear radiation or radioactive con­ tamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reac­ tion, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy.

Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the forego­ ing, whether such loss be direct or indirect, proxi­ mate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused.
If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss.

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies Insurance provided under the following: Commercial Property Coverage Part
Commercial Inland Marine Coverage Part

HURRICANE MINIMUM EARNED PREMIUM ENDORSEMENT

The following terms and conditions will apply to this policy:

,

If you cancel this policy, remove a location or reduce the amount of insurance on a location that is within 100 miles of the Atlantic Ocean and/or the Gulf of Mexico and/or the Hawaii Islands, and coverage existed any time during the period of June 1'1 to November 30th the amount of premium we will return will be the Unearned Premium for the location. The Unearned Premium is the
annual premium for the policy (or for the location removed or coverage reduced, as applicable)
multiplied by the Unearned Factor noted below. The location premium is the 100% annual rate multiplied by the location value as scheduled in the most current Statement of Values on file with the Company.

Days Policy In Force	1 year Policy	

Unearned Factor	
1 to 180		20%	
181 to 210		15%	
211 to240		10%	
241 to 270		7.5%	
271 to 300		5.0%	
301 to 330		2.5%	
331 to 365		0.0%	

,

If a Location that is within 100 miles of the Atlantic Ocean and/or the Gulf of Mexico and/or the Hawaii Islands is added during the term of the policy and coverage exists at any time during the period of June 1' t to November 301h the rate will be calculated as 100% of the annual rate, less the
Unearned Factor as calculated in No. 1 above based upon the number of days remaining in the policy term.

The provisions of this endorsement replace any short rate provisions stipulated in this policy for all locations that are within 100 miles of the Atlantic Ocean and/or the Gulf of Mexico and/or the Hawaii Islands and coverage existed any time during the period of June 1'1 to November 30th.

Nothing herein will act to provide coverage outside the automatic acquisition clause, if any, that is located elsewhere in the policy.

All other terms and conditions remain unchanged.

Authorized Representative

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies insurance provided under the following: Commercial Property Coverage Part

NAMED STORM DEDUCTIBLE AND NAMED STORM DEFINITION

The Named Storm deductible, shown in the declarations or otherwise set forth in the policy, applies to all covered loss or covered damage to Covered Property, occurring during the Named Storm deductible period and resulting from:

wind and/or hail directly or indirectly from a Named Storm;
rain damage to the interior of any building or structure, or the property inside the building or structure, whether the rain is driven by wind or not, provided the building or structure first sustains wind or hail damage to its roof or walls through which the rain enters.

A Named Storm is a storm system that has been declared to be either a Tropical Depression or Tropical Storm, or a Hurricane, by the National Hurricane Center of the National Weather Service.

The Named Storm deductible period begins at the time a watch or warning is issued by the National Hurricane Center and ends 72 hours after the termination of the last watch or warning issued.

All other terms and conditions remain unchanged.

Authorized Representative

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This endorsement modifies insurance provided under the following: Commercial Property Coverage Part
WINDSTORM PERCENTAGE DEDUCTIBLE
Total Insurable Values per Location

Schedule:

Deductible Percentage: See Supplemental Declarations

Minimum Deductible

See Supplemental Declarations Per Occurrence

Applicable to "Named Storm" only: Applicable to "Hawaii Hurricane" only:

□Yes [g!No

[g!Yes □No

The following Deductible will apply as respects loss or damage caused by:
wind and hail, and
rain damage to the interior of any building or structure, or the property inside the building or structure, whether the rain is driven by wind or not, provided the building or structure first sustains wind or hail damage to its roof or walls through which the rain enters.

Deductible:
The percentage, shown in the schedule above, of the sum of all values listed in the most recent Schedule of Values on file with the Company for each location that has sustained a loss or damage and for which a claim is being made under this policy; subject to the minimum deductible shown in the schedule.

Calculation of the Deductible:

A deductible is calculated separately for, and applies separately to:
The Total Insurable Values (TIV) per each separate location. The TIV per location shall be calculated as the sum of all values listed in the most recent Schedule of Values on file with the Company for Buildings, Personal Property, Business Income, and any other values for which coverage is provided under this policy at that Location.
Personal property in the open. The TIV for personal property in the open shall be the sum of all personal property in the open per location.

If a covered location is not included on the Schedule of Values, the values at that location at the time and place of loss will be used.

If coverage is provided for Business Income, the deductible shown above applies in addition to the 72 hour waiting period as stated in Form CP 0030 "Business Income (and Extra Expense) Coverage Form" or Form CP 0032 "Business Income (without Extra Expense) Coverage Form" as regards loss described above.

If indicated in the Schedule, the provisions of this endorsement apply only to "Named Storms" or "Hawaii Hurricane" as defined in the Named Storm Deductible and Named Storm Definition Endorsement, form ACE0244 (0106) or the Hawaii Hurricane Definition and Hawaii Hurricane Deductible Endorsement, form ACE ACE0249 (0106) attached to this policy.

All other terms and conditions remain unchanged.

Authorized Representative

TIER 1 WIND DEFINITION ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Polley Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY -  PLEASE READ IT CAREFULLY THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART

The following Counties, Parishes and Territories are defined as Tier 1.

$ 

Tf0Uf'.il[ Slfl 1 . E
ALABAMA	Baldwin, Mobile	
CONNECTICUT	New Haven, Fairfield, Middlesex, New London	
DELAWARE	Kent, Sussex		
FLORIDA	All Counties	
GEORGIA	Bryan, Camden, Chatham, Glynn, Liberty, McIntosh	
HAWAII	All Counties	
LOUISIANA	Cameron, Iberia, Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard, St. Mary, St. Tammany, Terrebonne, Vermilion	
MAINE	Cumberland, Hancock, Knox, Lincoln, Sagadahoc, Waldo, York, Washington	
MARYLAND	Worcester, Calvert, St. Marys, Dorchester, Wicomico, Somerset	
MASSACHUSETTS	Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk	
MISSISSIPPI	George, Hancock, Harrison, Jackson, Pearl River,
Stone	
NEW HAMPSHIRE	Rockingham	
NEW JERSEY	Atlantic, Burlington, Cape May, Cumberland, Monmouth, Ocean	
NEW YORK	Kings, Nassau, Queens, Richmond, Suffolk	
NORTH CAROLINA	Beaufort, Berlie, Brunswick, Camden, Carteret, Chowan, Currituck, Dare, Hyde, Jones, New Hanover, Onslow, Pamilco, Pasquotank, Pender, Perquimans, Tyrrell, Washington	
RHODE ISLAND	Bristol, Newport, Washington	
SOUTH CAROLINA	Beaufort, Berkeley, Charleston, Colleton, Georgetown, Jasper, Hori	
TEXAS	Aransas, Brazoria, Calhoun, Cameron
Chambers, Galveston, Harris, Jackson, Jefferson, Kennedy, Kleberg, Matagorda
Nueces, Orange, Refugio, San Patricio, Willacy	

ACE0279 (12/06)	Copyright © 2006m	Page 1 of 2

VIRGINIA	Accomack, Gloucester, Isle of Wight, James City, Lancaster, Mathews, Middlesex, Northampton, Northumberland, Southampton, Surry, York.	
TERRITORIES	Puerto Rico, US Virgin Island	

Authorized Representative

SUB-LIMIT PROVISION ENDORSEMENT

Named Insured
Community  Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.  THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

Schedule:

$ 25,000	Valuable Papers (incl. offsite storage) - see ACE0381	Per Occurrence	
$ 25,000	Extra Expense - see CP0050	Per Occurrence	
$ 25,000	Fine Arts (max $1,000 for any one item) - see ACE0363	Per Occurrence	
$ 10,000	Fire Dept Service Charge - see CP00l7 & ACE0678	Per Occurrence	
$ 25,000	Accounts Receivable - see ACE0213	Per Occurrence	
$250,000	Newly Acquired Property (90 Day reporting) - see CP0017 & ACE0484	Per Occurrence	
$100,000	Debris Removal or 25% ofloss whichever is less - see ACE 0537	Per Occurrence	
$ 50,000	Pollution Clean Up - see ACE0372 (Annual Aggregate Applies)	Per Occurrence	
$10,000	Property in Transit - see ACE0380	Per Occurrence	
$ 5,000	Sewer Backup - see ACE0356 (Annual Aggregate Applies)	Per Occurrence	
$100,000	Roadways, walkways, patios, swimming pools, recreational courts	Per Occurrence	
	retaining walls and other paved surfaces,		
$100,000	Building Ordinance or Law (B & C combined sublimit) - see CP0405 &	Per Occurrence	
	ACE0543 Included Building Ordinance or Law (A) (included in the		
	Building Limit		
$100,000	Utility Services - Direct Damage (Power Supply not incl. overhead	Per Occurrence	
	transmission lines) - see CP0417		
30Days	Civil Authority - see CP0050	Per Occurrence	
30 Days	Ingress/ Egress - see ACE H	Per Occurrence	
$25,000	Trees, Shrubs & Plants (max $1,000 any one item) - see CP1430	Per Occurrence	
$10,000	Property of Others - see CP0017 and ACE A	Per Occurrence	
$10,000	Property Off Premises	Per Occurrence	
$ 5,000	Emergency Vacating Expense - see ACE C	Per Occurrence	
	Per SOY Outdoor Property except $5,000 at specified locations per		
	ACE G attached (fences, entry walls, signs, playground equipment covered	
	for (Named Perils only) - see ACED		

The maximum Limit of Insurance is stated in the Commercial Property coverage part declaration Page; however, if a Sub-limit of Liability is stated above or elsewhere in this Policy, the lesser limit shall apply.

The Sub-limit(s) are the most the Company will pay in any one occurrence for various extensions, endorsements, coverage Parts, Perils, causes of Loss or locations. If an annual aggregate is provided, the occurrence Sub-limit of Insurance is the most the Company will pay in any one-policy year for such extensions, endorsement, coverage parts, Perils, causes of Loss or locations.

The Sub-limit(s) are part of and not in addition to the Limit of Insurance. The Sub-limit(s) do not increase the Limit of Insurance or any other Sub-limit.

All other terms and conditions remain unchanged.

NEWLY ACQUIRED OR CONSTRUCTED PROPERTY AMENDMENT

Named Insured
Community	AssociatioI	
ns Program		Endorsement	Number	
Policy Symbol
FS	Policy Number
D37388956 002	Policy Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: BUILDING AND PERSONAL PROPERTY COVERAGE FORM
CONDOMINIUM ASSOCIATION COVERAGE FORM

A. Coverage Section 5. Coverage Extensions a. Newly Acquired or Constructed Property Is amended to include the following:

It is a condition of this policy that there will be no additions without prior approval (may be subject to separate rating and/or may require a higher attachment point).

All other terms and conditions remain unchanged.

TRADE OR ECONOMIC SANCTIONS ENDORSEMENT

Named Insured
Community  Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is Issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

This insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit us from providing insurance, including, but not limited to, the payment of claims. All other terms and conditions of the policy remain unchanged.

Authorized Agent

COMMERCIAL PROPERTY
CP00170607
CONDOMINIUM ASSOCIATION COVERAGE FORM
Various provisions in this policy restrict coverage. read the entire policy carefully to determine rights, duties and what is and is not covered.
Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we", "us" and "our" refer to the Company providing this insurance.
Other words and phrases that appear in quotation marks have special meaning. Refer to Section H., Definitions.

Coverage
We will pay for direct physical loss of or damage to Covered Property at the premises described in the Declarations caused by or resulting from any Cov­ ered Cause of Loss.
Covered Property
Covered Property, as used in this Coverage Part, means the type of property described in this section, A.1., and limited in A.2., Property Not Covered, if a Limit of Insurance is shown in the Declarations for that type of property.
Building, meaning the building or structure described in the Declarations, including:
Completed additions;
Fixtures, outside of individual units, including outdoor fixtures;
Permanently installed:
Machinery; and
Equipment;
Personal property owned by you that is used to maintain or service the building or structure or its premises, including:
Fire-extinguishing equipment;
Outdoor furniture;
Floor coverings; and
Appliances used for refrigerating, ventilating, cooking, dishwashing or laundering that are not contained within individual units;
If not covered by other insurance:
Additions under construction, altera­ tions and repairs to the building or structure;

Materials, equipment, supplies, and temporary structures, on or within 100 feet of the described premises, used for making additions, altera­ tions or repairs to the building or structure; and
Any of the following types of property contained within a unit, regardless of ownership, if your Condominium Asso­ ciation Agreement requires you to insure it:
Fixtures, improvements and altera­ tions that are a part of the building or structure; and
Appliances, such as those used for refrigerating, ventilating, cooking, dishwashing, laundering, security or housekeeping.
But Building does not include personal property owned by, used by or in the care, custody or control of a unit-owner except for personal property listed in Paragraph A.1.a.(6) above.
Your Business Personal Property located in or on the building described in the Decla­ rations or in the open (or in a vehicle) within 100 feet of the described premises, consist­ ing of the following:
Personal property owned by you or owned indivisibly by all unit-owners;
Your interest in the labor, materials or services furnished or arranged by you on personal property of others;
Leased personal property for which you have a contractual responsibility to in­ sure, unless otherwise provided for un­ der Personal Property Of Others.
But Your Business Personal Property does not include personal property owned only by a unit-owner.

Personal Property Of Others that is:
In your care, custody or control; and
Located in or on the building described in the Declarations or in the open (or in a vehicle) within 100 feet of the de­ scribed premises.
However, our payment for loss of or dam­ age to personal property of others will only be for the account of the owner of the prop­ erty.
Property Not Covered
Covered Property does not include:
Accounts, bills, currency, food stamps or other evidences of debt, money, notes or securities. Lottery tickets held for sale are not securities;
Animals, unless owned by others and boarded by you;
Automobiles held for sale;
Bridges, roadways, walks, patios or other paved surfaces;
Contraband, or property in the course of illegal transportation or trade;
The cost of excavations, grading, backfilling or filling;
Foundations of buildings, structures, ma­ chinery or boilers if their foundations are below:
The lowest basement floor; or
The surface of the ground if there is no basement;
Land (including land on which the property
is located), water, growing crops or lawns;
Personal property while airborne or water­ borne;
Bulkheads, pilings, piers, wharves or docks;
Property that is covered under this or any other policy in which it is more specifically described, except for the excess of the amount due (whether you can collect on it or not) from that other insurance;
I.		Retaining walls that are not part of a build­ ing;
Underground pipes, flues or drains;

Electronic data, except as provided  under the Additional Coverage, Electronic Data. Electronic data means information, facts or computer programs stored as or on,  cre­ ated or used on, or transmitted to or from computer software (including systems and applications software), on hard or floppy disks, CD-ROMs, tapes, drives, cells, data processing devices or any other  reposito­ ries of computer software which are  used with  electronically  controlled  equipment. The term computer programs, referred to in the foregoing description of electronic data, means a set of related electronic instruc­ tions which direct the operations and func­ tions of a computer or device  connected  to it, which enable the computer or device to receive, process, store, retrieve or  send data;
The cost to replace or restore the informa­ tion on valuable papers and records, includ­ ing those which exist as electronic data. Valuable papers and records  include  but  are not limited to proprietary information, books of account, deeds, manuscripts, ab­ stracts, drawings and card index systems. Refer to the Coverage Extension for Valu­ able Papers And Records (Other Than Electronic Data) for limited coverage for valuable papers and records other  than those which exist as electronic data;
Vehicles or self-propelled machines (includ­ ing aircraft or watercraft) that:
Are licensed for use on public roads; or
Are operated principally away from the described premises.
This paragraph does not apply to:
Vehicles or self-propelled machines or autos you manufacture or ware­ house;
Vehicles or self-propelled machines, other than autos, you hold for sale;
Rowboats or canoes out of water at the described premises; or
Trailers, but only to the extent pro­ vided for in the Coverage Extension for Non-owned Detached Trailers;

The following property while outside of buildings:
Grain, hay, straw or other crops; or
Fences, radio or television antennas (including satellite dishes) and their leadin wiring, masts or towers, trees, shrubs or plants (other than "stock" of trees, shrubs or plants), all except as provided in the Coverage Extensions.
Covered Causes Of Loss
See applicable Causes Of Loss Form as  shown in the Declarations.
Additional Coverages
Debris Removal
Subject to Paragraphs (3) and (4),  we will pay your expense to remove debris of Covered Property caused by or re­ sulting from a Covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the date of direct physical loss or damage.
Debris Removal does not apply to costs to:
Extract "pollutants" from land or water; or
Remove, restore or replace polluted land or water.
Subject  to  the exceptions  in Paragraph
, the following provisions apply:
The most we will pay for the total of direct physical loss or damage plus debris removal expense is the Limit

We will pay up to an additional $10,000 for debris removal expense, for each lo­ cation, in any one occurrence of physi­ cal loss or damage to Covered Property, if one or both of the following circum­ stances apply:
The total of the actual debris removal expense plus the amount we pay for direct physical loss or damage ex­ ceeds the Limit of Insurance on the Covered Property that has sustained loss or damage.
The actual debris removal expense exceeds 25% of the sum of the de­ ductible plus the amount that we pay for direct physical loss or damage to the Covered Property that has sus­ tained loss or damage.
Therefore, if (4)(a) and/or (4)(b) apply, our total payment for direct physical loss or damage and debris removal expense may reach but will never exceed the Limit of Insurance on the Covered Prop­ erty that has sustained loss or damage, plus $10,000.
Examples
The following examples assume that there is no Coinsurance penalty.

EXAMPLE#1		
Limit of Insurance:	$ 90,000	
Amount of Deductible:	$	500	
Amount of Loss:	$ 50,000	
Amount of Loss Payable:	$ 49,500	
($50,000 - $500)

of Insurance applicable to the Cov­ ered Property that has sustained loss or damage.
Subject to (a) above, the amount we

Debris Removal Expense:
Debris Removal Expense Payable: ($10,000 is 20% of $50,000.)

$   10,000
$  10,000

will pay for debris removal  expense is limited to 25% of the sum of the deductible plus the amount that we pay for direct physical loss or dam­ age to the Covered Property  that  has sustained loss or damage.

The debris removal expense is less than 25% of the sum of the loss payable plus the deductible. The sum of the  loss  payable  and the  debris removal expense
($49,500 + $10,000 = $59,500)  is less than the Limit
of Insurance. Therefore the full amount of debris removal expense is payable in accordance with the terms of Paragraph (3).

Debris Removal Expense:
Debris Removal Expense Payable

($80,000 - $500)
$   30,000

No Deductible applies to this Additional Coverage.

EXAMPLE#2		
Limit of Insurance:	$ 90,000	
Amount of Deductible:	$	500	
Amount of Loss:	$ 80,000	
Amount of Loss Payable:	$ 79,500	

Pollutant Clean-up And Removal

Basic Amount:	$ 10,500	only if they are reported to us in writing	
Additional Amount:	$ 10,000	within 180 days of the date on which the	

We will pay your expense to extract "pollut­ ants" from land or water at the described premises if the discharge, dispersal, seep­ age, migration, release or escape of the "pollutants" is caused by or results from a Covered Cause of Loss that occurs during the policy period. The expenses will be paid

The basic amount payable for debris removal ex­ pense under the terms of Paragraph (3) is calculated as follows: $80,000 ($79,500 + $500) x .25 = $20,000; capped at $10,500. The cap applies because the sum of the loss payable ($79,500) and the basic amount payable for debris removal expense ($10,500) cannot exceed the limit of Insurance ($90,000).
The additional amount payable for debris removal expense is provided in accordance with the terms of Paragraph (4), because the debris removal expense ($30,000) exceeds 25% of the loss payable plus the deductible ($30,000 is 37.5% of $80,000), and be­ cause the sum of the loss payable and debris removal expense ($79,500 + $30,000 = $109,500) would ex­ ceed the Limit of Insurance ($90,000). The additional amount of covered debris removal expense is
$10,000, the maximum payable under Paragraph (4). Thus the total payable for debris removal expense in this example is $20,500; $9,500 of the debris removal expense is not covered.
Preservation Of Property
If it is necessary for you to move Covered Property from the described premises to preserve ii from loss or damage by a Cov­ ered Cause of Loss, we will pay for any di­ rect physical loss or damage to that prop­ erty:
While it is being moved or while tempo­ rarily stored at another location; and
Only if the loss or damage occurs within 30 days after the property is first moved.
Fire Department Service Charge
When the fire department is called to save or protect Covered Property from a Cov­ ered Cause of Loss, we will pay up to
$1,000, unless a higher limit is shown in the Declarations, for your liability for fire de­ partment service charges:
Assumed by contract or agreement prior to loss; or
Required by local ordinance.

Covered Cause of Loss occurs.
This Additional Coverage does not apply to costs to test for, monitor or assess the exis­ tence, concentration or effects of "pollut­ ants". But we will pay for testing which is performed in the course of extracting the "pollutants" from the land or water.
The most we will pay under this Additional Coverage for each described premises is
$10,000 for the sum of all covered ex­ penses arising out of Covered Causes of Loss occurring during each separate 12- month period of this policy.
Increased Cost Of Construction
This Additional Coverage applies only to buildings to which  the  Replacement Cost Optional Coverage applies.
In the event of damage by a Covered Cause of Loss to a building that is Cov­ ered Property, we will pay the increased costs incurred to comply with enforce­ ment of an ordinance or law in  the course of repair, rebuilding or replace­ ment of damaged parts of that property, subject to the limitations stated in e.(3) through e.(9) of this Additional Cover­ age.
The ordinance or law referred to in e.(2) of this Additional Coverage is an ordi­ nance or law that regulates the con­ struction or repair of buildings or estab­ lishes zoning or land use  requirements at the described premises, and is  in  force at the time of loss.
Under this Additional Coverage, we will not pay any costs due to an ordinance or law that:
You were required to comply with before the loss, even when the build­ ing was undamaged; and
You failed to comply with.

Under this Additional Coverage, we will not pay for:
The enforcement of any ordinance or law which requires demolition, repair, replacement, reconstruction, remod­ eling or remediation of property due to contamination by "pollutants" or due to the presence, growth, prolif­ eration, spread or any activity of "fungus", wet or dry rot or bacteria; or
Any costs associated with the en­ forcement of an ordinance or law which requires any insured or others to test for, monitor, clean up, re­ move, contain, treat, detoxify or neu­ tralize, or in any way respond to, or assess the effects of "pollutants", "fungus", wet or dry rot or bacteria.
The most we will pay under this Addi­ tional Coverage, for each described building insured under this Coverage Form, is $10,000 or 5% of the Limit of Insurance applicable to that building, whichever is less. If a damaged building is covered under a blanket Limit of In­ surance which applies to more than one building or item of property, then the most we will pay under this Additional Coverage, for that damaged building, is the lesser of: $10,000 or 5% times the value of the damaged building as of the time of loss times the applicable Coin­ surance percentage.
The amount payable under this Addi­ tional Coverage is additional insurance.
With respect to this Additional Cover­ age:
We will not pay for the Increased Cost of Construction:
Until the property is actually re­ paired or replaced, at the same or another premises; and
Unless the repairs or replace­ ment are made as soon as rea­ sonably possible after the loss or damage, not to exceed two years. We may extend this period in writing during the two years.

If the building is repaired or replaced at the same premises, or if you  elect to rebuild at another premises, the most we will pay for the Increased Cost of Construction, subject to the provisions of e.(6) of this Additional Coverage, is the increased cost of construction at the same premises.
If the ordinance or law requires relo­ cation to another premises, the most we will pay for the Increased Cost of Construction, subject to the provi­ sions of e.(6) of this Additional Cov­ erage, is the increased cost of con­ struction at the new premises.
This Additional Coverage is not  subject to the terms of the Ordinance Or Law Exclusion, to the extent that such Exclu­ sion would conflict with the provisions of this Additional Coverage.
The costs addressed in the Loss Pay­ ment and Valuation Conditions, and the Replacement Cost Optional Coverage, in this Coverage Form, do not include the increased cost attributable to en­ forcement of an ordinance or law. The amount payable under this Additional Coverage, as stated in e.(6) of this Addi­ tional Coverage, is not subject to such limitation.
Electronic Data
Under this Additional Coverage, elec­ tronic data has the meaning described under Property Not Covered, Electronic Data.
Subject to the provisions of this Addi­ tional Coverage, we will pay for the cost to replace or restore electronic data which has been destroyed or corrupted by a Covered Cause of Loss. To the ex­ tent that electronic data is  not replaced or restored, the loss will be valued at the cost of replacement of the media on which the electronic data was  stored, with blank media of substantially identi­ cal type.

The Covered Causes of Loss applicable to Your Business Personal Property ap­ ply to this Additional Coverage, Elec­ tronic Data, subject to the following:
If the Causes Of Loss - Special Form applies, coverage under this Additional Coverage, Electronic Data, is limited to the "specified causes of loss" as defined in that form, and Collapse as set forth in that form.
If the Causes Of Loss - Broad Form applies, coverage under this Addi­ tional Coverage, Electronic Data, in­ cludes Collapse as set forth in that form.
If the Causes Of Loss Form is en­ dorsed to add a Covered Cause of Loss, the additional Covered Cause of Loss does not apply to the cover­ age provided under this Additional Coverage, Electronic Data.
The Covered Causes of Loss include a virus, harmful code or similar in­ struction introduced into or enacted on a computer system (including electronic data) or a network to which it is connected, designed to damage or destroy any part of the system or disrupt its normal opera­ tion. But there is no coverage for loss or damage caused by or result­ ing from manipulation of a computer system (including electronic data) by any employee, including a temporary or leased employee, or by an entity retained by you or for you to inspect, design, install, modify, maintain, re­ pair or replace that system.
The most we will pay under this Addi­ tional Coverage, Electronic Data, is
$2,500 for all loss or damage sustained in any one policy year, regardless of the number of occurrences of loss or dam­ age or the number of premises, loca­ tions or computer systems involved. If loss payment on the first occurrence does not exhaust this amount, then the balance is available for subsequent loss or damage sustained in but not after that policy year. With respect to an occur­ rence which begins in one policy year and continues or results in additional loss or damage in a subsequent policy year(s), all loss or damage is deemed to be sustained in the policy year in which the occurrence began.

Coverage Extensions
Except as otherwise provided, the following Ex­ tensions apply to property located in or on the building described in the Declarations or in the open (or in a vehicle) within 100 feet of the de­ scribed premises.
If a Coinsurance percentage of 80% or more is shown in the Declarations, you may extend the insurance provided by this Coverage Part as follows:
Newly Acquired Or Constructed Property
Buildings
You may extend the insurance that ap­ plies to Building to apply to:
Your new buildings while being built on the described premises; and
Buildings you acquire at locations, other than the described premises, intended for:
Similar use as the building de­ scribed in the Declarations; or
Use as a warehouse.
The most we will pay for loss or damage under this Extension is $250,000 at each building.
Your Business Personal Property
If this policy covers Your Business Personal Property, you may extend that insurance to apply to:
Business personal property, including such property that you newly acquire, at any location you acquire other than at fairs, trade shows or exhibitions;
Business personal property, including such property that you newly acquire, located at your newly constructed or acquired buildings at the location de­ scribed in the Declarations; or
Business personal property that you newly acquire, located at the described premises.
The most we will pay for loss or damage under this Extension is $100,000 at each building.
This Extension does not apply to:
Personal property of others  that is temporarily in your possession in the course of installing or per­ forming work on such property; or

Personal property of others that is temporarily in your possession in the course of your manufactur­ ing or wholesaling activities.
Period Of Coverage
With respect to insurance on or at each newly acquired or constructed property, coverage will end when any of the fol­ lowing first occurs:
This policy expires;
30 days expire after you acquire the property or begin construction of that part of the building that would qualify as covered property; or
You report values to us.
We will charge you additional premium for values reported from the date you acquire the property or begin construc­ tion of that part of the building that would qualify as covered property.
Personal Effects And Property Of Others
You may extend the insurance that applies to Your Business Personal Property to ap­ ply to:
Personal effects owned by you, your officers, your partners or members, your managers or your employees. This Ex­ tension does not apply to loss or dam­ age by theft.
Personal property of others in your care, custody or control.
The most we will pay for loss or damage under this Extension is $2,500 at each de­ scribed premises. Our payment for loss of or damage to personal property of others will only be for the account of the owner of the property.
Valuable Papers And Records (Other Than Electronic Data)
You may extend the insurance that applies to Your Business Personal Property to apply to the cost to replace or restore the lost information on valu­ able papers and records for which dupli­ cates do not exist. But this Extension does not apply to valuable papers and records which exist as electronic data. Electronic data has the meaning de­ scribed under Property Not Covered, Electronic Data.

If the Causes Of Loss - Special Form applies, coverage under this Extension is limited to the "specified causes of loss" as defined in that form, and Col­ lapse as set forth in that form.
If the Causes Of Loss - Broad Form applies, coverage under this Extension includes Collapse as set forth in  that form.
Under this Extension, the most we will pay to replace or restore the lost infor­ mation is $2,500 at each described premises, unless a higher limit is  shown in the Declarations. Such amount is ad­ ditional insurance. We will also pay  for the cost of blank material for reproduc­ ing the records (whether or not dupli­ cates exist), and (when there is a dupli­ cate) for the cost of  labor  to  transcribe or copy the records. The costs of blank material and labor are subject to the ap­ plicable Limit of Insurance on Your Business Personal Property and there­ fore coverage of such costs is not addi­ tional insurance.
Property Off-premises
You may extend the insurance provided by this Coverage Form to apply to your Covered Property while it is away from the described premises, if it is:
Temporarily at a location you do not own, lease or operate;
In storage at a location you lease, provided the lease was executed af­ ter the beginning of the current policy term; or
At any fair, trade show or exhibition.
This Extension does not apply to prop­ erty:
In or on a vehicle; or
In the care, custody or control  of  your salespersons, unless the prop­ erty is in such care, custody or con­ trol at a fair, trade show or exhibition.
The most we will pay for loss or damage under this Extension is $10,000.

Outdoor Property
You may extend the insurance provided by this Coverage Form to apply to your out­ door fences, radio and television antennas (including satellite dishes), trees, shrubs and plants (other than "stock" of trees, shrubs or plants), including debris removal expense, caused by or resulting from any of the following causes of loss if they are Cov­ ered Causes of Loss:
Fire;
Lightning;
Explosion;
Riot or Civil Commotion; or
Aircraft.
The most we will pay for loss or damage under this Extension is $1,000, but not more than $250 for any one tree, shrub or plant. These limits apply to any one occur­ rence, regardless of the types or number of items lost or damaged in that occurrence.
Non-owned Detached Trailers
You may extend the insurance that applies to Your Business Personal Property to apply to loss or damage to trailers that you do not own, provided that:
The trailer is used in your business;
The trailer is in your care, custody or control at the premises described in the Declarations; and
You have a contractual responsibility to pay for loss or damage to the trailer.
We will not pay for any loss or damage that occurs:
While the trailer is attached to any motor vehicle or motorized convey­ ance, whether or not the motor vehi­ cle or motorized conveyance is in motion;
During hitching or unhitching opera­ tions, or when a trailer becomes ac­ cidentally unhitched from a motor vehicle or motorized conveyance.
The most we will pay for loss or damage under this Extension is $5,000, unless a higher limit is shown in the Declarations.
This insurance is excess over the amount due (whether you can collect on it or not) from any other insurance cov­ ering such property.

Each of these Extensions is additional insurance unless otherwise indicated. The Additional Condi­ tion, Coinsurance, does not apply to these Exten­ sions.
Exclusions And Limitations
See applicable Causes Of Loss Form as shown in the Declarations.
Limits Of Insurance
The most we will pay for loss or damage in any one occurrence is the applicable Limit of Insur­ ance shown in the Declarations.
The most we will pay for loss or damage to out­ door signs, whether or not the sign is attached to a building, is $2,500 per sign in any one occurrence.
The amounts of insurance stated in the following Additional Coverages apply in accordance with the terms of such coverages and  are  separate  from the Limit(s) of Insurance shown in the Declarations for any other coverage:
Fire Department Service Charge;
Pollutant Clean-up And Removal;
Increased Cost Of Construction; and
Electronic Data.
Payments under the Preservation Of Property Ad­ ditional Coverage will not increase the applicable Limit of Insurance.
Deductible
In any one occurrence of loss or damage (herein­ after referred to as loss), we will first reduce the amount of loss if required by the Coinsurance Condition or the Agreed  Value Optional Coverage. If the adjusted amount of loss is less than or equal  to the Deductible, we will not pay for  that  loss. If  the adjusted amount of loss exceeds the Deducti­ ble, we will then subtract the Deductible from the adjusted amount of loss, and will pay the resulting amount or the Limit of  Insurance,  whichever  is less.
When the occurrence involves loss to more than one item of Covered Property and separate Limits of Insurance apply, the losses will not be com­ bined in determining application of the Deductible. But the Deductible will be applied only once per occurrence.

T

EXAMPLE#1
(This example assumes there is no Coinsurance penalty.)

Loss Conditions
The following conditions apply in addition to the Common Policy Conditions and the Commercial

Deductible:
Limit of Insurance - Building #1: Limit of Insurance - Building #2: Loss to Building #1:
Loss to Building #2:

$	250
$	60,000
$	80,000
$	60,100
$	90,000

Property Conditions.
Abandonment
There can be no abandonment of any property to us.
Appraisal
If we and you disagree on the value of the

The amount of loss to Building #1 ($60,100) is less than the sum ($60,250) of the Limit of Insurance ap­ plicable to Building #1 plus the Deductible.
The Deductible will be subtracted from the amount of loss in calculating the loss payable for Building #1:
$  60,100
 	250 
$ 59,850 Loss Payable - Building #1
The Deductible applies once per occurrence and therefore is not subtracted in determining the amount of loss payable for Building #2. Loss payable for Building #2 is the Limit of Insurance of $80,000.
Total amount of loss payable:
$59,850 + $80,000 = $139,850
EXAMPLE#2

(This example, too, assumes there is no Coinsurance penalty.)
The Deductible and Limits of Insurance are the same as those in Example #1.
Loss to Building #1:	$ 70,000 (Exceeds Limit of Insurance plus Deductible)
Loss to Building #2:	$ 90,000
(Exceeds Limit of Insurance plus Deductible)
Loss Payable - Building #1:	$ 60,000 (Limit of Insurance)
Loss Payable - Building #2:	$ 80,000 (Limit of Insurance)
Total amount of loss payable:	$ 140,000

property or the amount of loss, either may make written demand for an appraisal of the loss. In this event, each party will select a com­ petent and impartial appraiser. The two ap­ praisers will select an umpire. If they cannot agree, either may request that selection be made by a judge of a court having jurisdiction. The appraisers will state separately the value of the property and amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will:
Pay its chosen appraiser; and
Bear the other expenses of the appraisal and umpire equally.
If there is an appraisal, we will still retain our right to deny the claim.
Duties In The Event Of Loss Or Damage
You must see that the following are done in the event of loss or damage to Covered Property:
Notify the police if a law may have been broken.
Give us prompt notice of the loss or damage. Include a description of the property involved.
As soon as possible, give us a descrip­ tion of how, when and where the loss or damage occurred.
Take all reasonable steps to protect the Covered Property from further damage, and keep a record of your expenses necessary to protect the Covered Prop­ erty, for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasi­ ble, set the damaged property aside and in the best possible order for examina­ tion.

•

At our request, give us complete invent­ tories of the damaged and undamaged property. Include quantities, costs, val­ ues and amount of loss claimed.
As often as may be reasonably required, permit us to inspect the property proving the loss or damage and examine your books and records.
Also permit us to take samples of dam­ aged and undamaged property for in­ spection, testing and analysis, and per­ mit us to make copies from your books and records.
Send us a signed, sworn proof of loss containing the information we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms.
Cooperate with us in the investigation or settlement of the claim.
We may examine any insured under oath, while not in the presence of any other in­ sured and at such times as may be rea­ sonably required, about any matter relating to this insurance or the claim, including an insured's books and records. In the event of an examination, an insured's answers must be signed.
Loss Payment
In the event of loss or damage covered by this Coverage Form, at our option, we will either:
Pay the value of lost or damaged prop­ erty;
Pay the cost of repairing or replacing the lost or damaged property, subject to b. below;
Take all or any part of the property at an agreed or appraised value; or
Repair, rebuild or replace the property with other property of like kind and qual­ ity, subject to b. below.
We will determine the value of lost or dam­ aged property, or the cost of its repair or replacement, in accordance with the appli­ cable terms of the Valuation Condition in this Coverage Form or any applicable pro­ vision which amends or supersedes the Valuation Condition.
The cost to repair, rebuild or replace does not include the increased cost  attributable to enforcement of any ordinance or law regulating the construction, use or repair of any property.

We will give notice of  our intentions  within 30 days after we receive the sworn proof of loss.
We will not pay you more than your finan­ cial interest in the Covered Property.
We may adjust losses with the owners of lost or damaged property if other than you. If we pay the owners, such payments will satisfy your claims against us for the own­ ers' property. We will not pay the owners more than their financial interest in the Cov­ ered Property.
We may elect to defend you against suits arising from claims of owners of  property. We will do this at our expense.
We will pay for covered loss or damage to Covered Property within 30 days after we receive the sworn proof of loss, if you have complied with all of the terms of this Cover­ age Part and:
We have reached agreement with you on the amount of loss; or
An appraisal award has been made.
If you name an insurance trustee, we will adjust losses with you, but we will pay the insurance trustee. If we pay the trustee, the payments will satisfy your claims against us.
A party wall is a wall that separates and is common to adjoining buildings that are owned by different parties. In settling cov­ ered losses involving a party wall, we  will pay a proportion of the loss to the party wall based on your interest in the wall in propor­ tion to the interest of the owner of the ad­ joining building. However, if you elect to re­ pair or replace your building and the owner  of the adjoining building elects  not to repair or replace that building, we will pay you the full value of the loss to the party wall, sub­ ject to all applicable policy provisions in­ cluding Limits of Insurance, the  Valuation and Coinsurance Conditions and all other provisions of this Loss Payment Condition. Our payment under the provisions of this paragraph does not alter any right of subro­ gation we may have against any entity, in­ cluding the owner or insurer of the adjoining building, and does not alter the terms of the Transfer Of Rights Of Recovery Against Others To Us Condition in this policy.

•

Recovered Property
If either you or we recover any property after loss settlement, that party must give the other prompt notice. At your option, the property will be returned to you. You must then return to us the amount we paid to you for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject to the Limit of Insurance.
Unit-owner's Insurance
A unit-owner may have other insurance cover­ ing the same property as this insurance. This insurance is intended to be primary, and not to contribute with such other insurance.
Vacancy
Description Of Terms
As used in this Vacancy Condition, the term building and the term vacant have the meanings set forth in (1)(a) and (1)(b) below:
When this policy is issued to a ten­ ant, and with respect to that tenant's interest in Covered Property, building means the unit or suite rented or leased to the tenant. Such building is vacant when it does not contain enough business personal property to conduct customary operations.
When this policy is issued to the owner or general lessee of a build­ ing, building means the entire build­ ing. Such building is vacant unless at least 31% of its total square footage is:
Rented to a lessee or sub-lessee and used by the lessee or sub­ lessee to conduct its customary operations; and/or
Used by the building owner to conduct customary operations.
Buildings under construction or renova­ tion are not considered vacant.

Vacancy Provisions
If the building where loss or damage occurs has been vacant for more than 60 consecu­ tive days before that loss or damage  oc­ curs:
We will not pay for any loss or damage caused by any of the following even if they are Covered Causes of Loss:
Vandalism;
Sprinkler leakage, unless you have protected the system against freez­ ing;
Building glass breakage;
Water damage;
Theft; or
Attempted theft.
With respect to Covered Causes of Loss other than those listed in b.(1)(a) through b.(1)(f) above, we will reduce the amount we would otherwise pay for the loss or damage by 15%.
Valuation
We will determine the value of Covered Prop­ erty in the event of loss or damage as follows:
At actual cash value as of the time of loss or damage, except as provided in b. and c. below.
If the Limit of Insurance for Building satis­ fies the Additional Condition, Coinsurance, and the cost to repair or replace the dam­ aged building property is $2,500 or less, we will pay the cost of building repairs or re­ placement.
The cost of building repairs or replacement does not include the increased cost attrib­ utable to enforcement of any ordinance or law regulating the construction, use or re­ pair of any property. However, the following property will be valued at the actual cash value even when attached to the building:
Awnings or floor coverings;
Appliances for refrigerating, ventilating, cooking, dishwashing or laundering; or
Outdoor equipment or furniture.
Glass at the cost of replacement with safety-glazing material if required by law.

Waiver Of Rights Of Recovery
We waive our rights to recover payment from any unit-owner of the condominium that is shown in the Declarations.
Additional Conditions
The following conditions apply in addition to the Common Policy Conditions and the Commercial Property Conditions.
Coinsurance
If a Coinsurance percentage is shown in the Declarations, the following condition applies.
We will not pay the full amount of any loss if the value of Covered Property at the time of loss times the Coinsurance percentage shown for it in the Declarations is greater than the Limit of Insurance for the property.
Instead, we will determine the most we will pay using the following steps:
Multiply the value of Covered Property at the time of loss by the Coinsurance percentage;
Divide the Limit of Insurance of the property by the figure determined in Step (1);
Multiply the total amount of loss, before the application of any deductible, by the figure determined in Step (2); and
Subtract the deductible from the figure determined in Step (3).
We will pay the amount determined in Step (4) or the Limit of Insurance, whichever is less. For the remainder, you will either have to rely on other insurance or absorb the loss yourself.
EXAMPLE #1 (UNDERINSURANCE)

EXAMPLE #2 (ADEQUATE INSURANCE)

When:	The value of the property is:	$ 250,000	
	The Coinsurance percentage for it is:	
80%	
	The Limit of Insurance for it is:	$ 200,000	
	The Deductible is:	$	250	
	The amount of loss is:	$	40,000	
The minimum amount of insurance to meet your Co­ insurance requirement is $200,000 ($250,000 x 80%). Therefore, the Limit of Insurance in this example is adequate and no penalty applies. We will pay no more than $39,750 ($40,000 amount of loss minus the deductible of $250).
If one Limit of Insurance applies to two or more separate items, this condition will ap­ ply to the total of all property to which the limit applies.
EXAMPLE#3
When:	The value of the property is:
Building at Location #1:	$	75,000
Building at Location #2:	$ 100,000 Personal Property
at Location #2:	 $ 75,000
$ 250,000
The Coinsurance percentage
for it is:	90%
The Limit of Insurance for Buildings and Personal Property
at Locations #1 and #2 is:	$ 180,000 The Deductible is:	$ 1,000 The amount of loss is:
Building at Location #2:	$ 30,000

When:	The value of the property is: The Coinsurance percentage

$250,000

Personal Property
at Location #2:	$	20,000

for it is:	80%
The Limit of Insurance for it

Step (1): $250,000 X 90% = $225,000

$	50,000

is:
The Deductible is: The amount of loss is:
Step (1): $250,000 x 80% = $200,000

$100,000
$	250
$ 40,000

(the minimum amount of insurance to meet your Coinsurance requirements and to avoid the penalty shown below)
Step (2): $180,000 + $225,000 = .80 Step (3): $50,000 X .80 = $40,000

(the minimum amount of insurance to
meet your Coinsurance requirements) Step (2): $100,000 + $200,000 = .50
Step (3): $40,000 X .50 = $20,000 Step (4):    $20,000-$250  = $19,750
We will pay no more than $19,750. The remaining
$20,250 is not covered.

Step (4): $40,000 - $1,000 = $39,000
We will pay no more than $39,000. The remaining
$11,000 is not covered.

Mortgageholders
The term mortgageholder includes trustee.
We will pay for covered loss of or damage to buildings or structures to each mort- gageholder shown in the Declarations in their order of precedence, as interests may appear.
The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure.
If we deny your claim because of your acts or because you have failed to comply with the terms of this Coverage Part, the mort- gageholder will still have the right to receive loss payment if the mortgageholder:
Pays any premium due under this Gov- erage Part at our request if you have failed to do so;
Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and
Has notified us of any change in owner- ship, occupancy or substantial change in risk known to the mortgageholder.
All of the terms of this Coverage Part will then apply directly to the mortgageholder.
If we pay the  mortgageholder for any loss or damage and deny payment to you be- cause of your acts or because you have failed to comply with the terms of this Gov- erage Part:
The mortgageholder's rights under the mortgage will be transferred to us to the extent of the amount we pay; and
The mortgageholder's right to recover the full amount of the mortgageholder's claim will not be impaired.
At our option, we may pay to the mortgage- holder the whole principal on the mortgage plus any accrued interest. In this  event, your mortgage and note will be transferred to us and you will pay your remaining mort gage debt to us.
If we cancel this policy, we will give written notice to the mortgageholder at least:
10 days before the effective date of cancellation if we cancel for your non- payment of premium; or
30 days before the effective date of cancellation if we cancel for any other reason.

If we elect not to renew this policy, we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy.
Optional Coverages
If shown as applicable in the Declarations, the fol­ lowing Optional Coverages apply  separately  to each item.
Agreed Value
The Additional Condition, Coinsurance, does not apply to Covered Property to which this Optional Coverage applies. We will pay no more for loss of or damage to that property than the proportion that the Limit of Insurance under this Coverage Part for the property bears to the Agreed Value shown for it in the Declarations.
If the expiration date for this Optional Cov­ erage shown in the Declarations is not ex­ tended, the Additional Condition, Coinsur­ ance, is reinstated and this Optional Cover­ age expires.
The terms of this Optional Coverage apply only to loss or damage that occurs:
On or after the effective date of this Optional Coverage; and
Before the Agreed Value expiration date shown in the Declarations or the policy expiration date, whichever occurs first.
Inflation Guard
The Limit of Insurance for property to which this Optional Coverage applies will auto­ matically increase by the annual  percent­ age shown in the Declarations.
The amount of increase will be:
The Limit of Insurance that applied on the most recent of the policy inception date, the policy anniversary date, or any other policy change amending the Limit of Insurance, times
The percentage of annual  increase shown in the Declarations, expressed as a decimal (example: 8% is .08), times
The number of days since the beginning of the current policy year or the effective date of the most recent policy change amending the Limit of Insurance, divided by 365.

CP 00 17 06 07	© ISO Properties, Inc., 2007	Page 13 of 14	□

If:	The applicable Limit of Insurance is:	$ 100,000	property with other property:	
	The annual percentage increase is:	8%	(a) Of comparable material and quality;	
	The number of days since the beginning of the policy year		and
(b) Used for the same purpose; or	

(or last policy change) is:	146
The amount of increase is:
$100,000 X .08 X 146 + 365 =	$	3,200
Replacement Cost
Replacement Cost (without deduction for depreciation) replaces Actual Cash Value in the Loss Condition, Valuation, of this Cov­ erage Form.
This Optional Coverage does not apply to:
Personal property of others;
Contents of a residence; or
Works of art, antiques or rare articles, including etchings, pictures, statuary, marbles, bronzes, porcelains and bric-a­ brac.
Under the terms of this Replacement Cost Optional Coverage, personal property owned indivisibly by all unit-owners, and the property covered under Paragraph A.1.a.(6) of this Coverage Form, are not considered to be the personal property of others.
You may make a claim for loss or damage covered by this insurance on an actual cash value basis instead of on a replacement cost basis. In the event you elect to have loss or damage settled on an actual cash value basis, you may still make a claim for the additional coverage this Optional Cov­ erage provides if you notify us of your intent to do so within 180 days after the loss or damage.
We will not pay on a replacement cost basis for any loss or damage:
Until the lost or damaged property is actually repaired or replaced; and
Unless the repairs or replacement are made as soon as reasonably possible after the loss or damage.
We will not pay more for loss or damage on a replacement cost basis than the least of (1), (2) or (3), subject to f. below:
The Limit of Insurance applicable to the lost or damaged property;

(3) The amount actually spent that is nec­ essary to repair or replace the lost or damaged property.
If a building is rebuilt at a new premises, the cost described in e.(2) above is limited to the cost which would have been incurred if the building had been rebuilt at the original premises.
The cost of repair or replacement does not include the increased cost attributable to enforcement of any ordinance or law regu­ lating the construction, use or repair of any property.
Extension Of Replacement Cost To Personal Property Of Others
If the Replacement Cost Optional Coverage is shown as applicable in the Declarations, then this Extension may also be shown as applicable. If the Declarations show this Ex­ tension as applicable,  then  Paragraph 3.b.(1) of the Replacement Cost Optional Coverage is deleted and all other provisions of the Replacement Cost Optional  Cover­ age apply to replacement cost on personal property of others.
With respect to replacement cost on the personal property of others, the following limitation applies:
If an item(s) of personal property of others is subject to a written contract which gov­ erns your liability for loss or damage to that item(s), then valuation of that item(s) will be based on the amount for which you are li­ able under such contract, but not to exceed the lesser of the replacement cost of the property or the applicable Limit of Insur­ ance.
Definitions
"Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by-products produced or re­ leased by fungi.
"Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.

COMMERCIAL PROPERTY
CP 00 50 06 07

EXTRA EXPENSE COVERAGE FORM

Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered.
Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we", "us" and "our" refer to the Company providing this insurance.
Other words and phrases that appear in quotation marks have special meaning. Refer to Section D., Definitions.

Coverage
We will pay the actual and necessary Extra Ex­ pense you sustain due to direct physical loss of or damage to property at premises which are de­ scribed in the Declarations and for which an Extra Expense Limit of Insurance is shown in the Decla­ rations. The loss or damage must be caused by or result from a Covered Cause of Loss. With respect to loss of or damage to personal property in the open or personal property in a vehicle, the de­ scribed premises include the area within 100 feet of the site at which the described premises are lo­ cated.
With respect to the requirements set forth in the preceding paragraph, if you occupy only part of the site at which the described premises are lo­ cated, your premises means:
The portion of the building which you rent, lease or occupy; and
Any area within the building or on the site at which the described premises are located, if that area services, or is used to gain access to, the described premises.
Extra Expense
Extra Expense means necessary expenses you incur during the "period of restoration" that you would not have incurred if there had been no direct physical loss or damage to property. Coverage pertains to expenses (other than the expense to repair or replace property) which are incurred to:
Avoid or minimize the "suspension" of busi­ ness and to continue "operations" at the described premises or at replacement premises or temporary locations, including relocation expenses and costs to equip and operate the replacement location or tempo­ rary location.

Minimize the "suspension" of business if you cannot continue "operations".
We will also pay Extra Expense to repair or re­ place property, but only to the extent it reduces the amount of loss that otherwise would have been payable under this Coverage Form.
Covered Causes Of Loss, Exclusions And Limitations
See applicable Causes Of Loss Form as shown in the Declarations.
Additional Limitation - Interruption Of Computer Operations
Coverage for Extra Expense does not apply when action is taken to avoid or minimize a "suspension" of "operations" caused by de­ struction or corruption of electronic data, or any loss or damage to electronic data, ex­ cept as provided under the Additional Cov­ erage - Interruption Of Computer Opera­ tions.
Electronic data means information, facts or computer programs stored as or on,  cre­ ated or used on, or transmitted to or from computer software (including systems and applications software), on hard or floppy disks, CD-ROMs, tapes, drives, cells, data processing devices or any other  reposito­ ries of computer software which are used with electronically  controlled  equipment. The term computer programs, referred to in the foregoing description of electronic data, means a set of related electronic instruc­ tions which direct the operations and func­ tions of a computer or device  connected  to it, which enable the computer or device to receive, process, store, retrieve or  send data.

Additional Coverages
Alterations And New Buildings
We will pay for the actual and necessary Extra Expense you incur due to direct physical loss or damage at the described premises caused by or resulting from any Covered Cause of Loss to:
New buildings or structures, whether complete or under construction;
Alterations or additions to existing build­ ings or structures; and
Machinery, equipment, supplies or build­ ing materials located on or within 100 feet of the described premises and:
Used in the construction, alterations or additions; or
Incidental to the occupancy of new buildings.
Civil Authority
In this Additional Coverage - Civil Authority, the described premises are premises to which this Coverage Form applies, as shown in the Declarations.
When a Covered Cause of Loss causes damage to property other than property at the described premises, we will pay for the actual and necessary Extra Expense you incur caused by action of civil authority that prohibits access to the described premises, provided that both of the following apply:
Access to the area immediately sur- rounding the damaged property is pro­ hibited by civil authority as a result of the damage, and the described prem­ ises are within that area but are not more than one mile from the damaged property; and
The action of civil authority is taken in response to dangerous physical condi­ tions resulting from the damage or con­ tinuation of the Covered Cause of Loss that caused the damage, or the action is taken to enable a civil authority to have unimpeded access to the damaged property.
Civil Authority Coverage will begin immedi­ ately after the time of the first action of civil authority that prohibits access to the de­ scribed premises and will end four consecu­ tive weeks after the date of that action.

Interruption Of Computer Operations
Under this Additional Coverage, elec­ tronic data has the meaning described under Additional Limitation - Interruption Of Computer Operations.
Subject to all provisions of this  Addi­ tional Coverage, you may extend the in­ surance that applies to Extra Expense to apply to a "suspension" of "operations" caused by an interruption in computer operations due to destruction or corrup­ tion of electronic data due to a Covered Cause of Loss.
With respect to the coverage provided under this Additional Coverage, the Covered Causes of Loss are subject  to the following:
If the Causes Of Loss - Special Form applies, coverage under this Additional Coverage - Interruption Of Computer Operations is limited to the "specified causes of loss" as de­ fined in that form, and Collapse as set forth in that form.
If the Causes Of Loss - Broad Form applies, coverage under this Addi­ tional Coverage - Interruption Of Computer Operations includes Col­ lapse as set forth in that form.
If the Causes Of Loss Form is en­ dorsed to add a Covered Cause of Loss, the additional Covered Cause of Loss does not apply to the cover­ age provided under this Additional Coverage - Interruption Of Com­ puter Operations.
The Covered Causes of Loss include a virus, harmful code or similar in­ struction introduced into or enacted on a computer system (including electronic data) or a network to which it is connected, designed to damage or destroy any part of the system or disrupt its normal opera­ tion. But there is no coverage for an interruption related to  manipulation of a computer system (including electronic data) by any employee, including a temporary or leased em­ ployee, or by an entity retained by you or for you to inspect, design, in­ stall, maintain, repair or replace that system.

The most we will pay under this Addi­ tional Coverage - Interruption Of Com­ puter Operations is $2,500 for all loss sustained in any one policy year, re­ gardless of the number of interruptions or the number of premises, locations or computer systems involved. If loss pay­ ment relating to the first interruption does not exhaust this amount, then the balance is available for loss sustained as a result of subsequent interruptions in that policy year. A balance remaining at the end of a policy year does not in­ crease the amount of insurance in the next policy year. With respect to any in­ terruption which begins in one policy year and continues or results in addi­ tional loss in a subsequent policy year(s), all loss is deemed to be sus­ tained in the policy year in which the in­ terruption began.
This Additional Coverage - Interruption Of Computer Operations does not apply to loss sustained after the end of the "period of restoration", even if the amount of insurance stated in (4) above has not been exhausted.
Coverage Extension
You may extend the insurance provided by this Coverage Part as follows:
NEWLY ACQUIRED LOCATIONS
You may extend your Extra Expense Cov­ erage to apply to property at any location you acquire other than fairs or exhibitions.
The most we will pay for loss under this Extension is $100,000 at each location.
Insurance under this Extension for each newly acquired location will end when any of the following first occurs:
This policy expires;
30 days expire after you acquire the property; or
You notify us of how you want this cov­ erage to apply to that location.
We will charge you additional premium from the date you acquire the property.

Limits Of Insurance
The most we will pay for loss in any one occur­ rence is the applicable Limit of Insurance shown in the Declarations.
Payments under the following Additional Cover­ ages will not increase the applicable Limit of In­ surance:
Alterations And New Buildings; or
Civil Authority.
The amounts of insurance stated in the Interrup­ tion Of Computer Operations Additional Coverage and the Newly Acquired Locations Coverage Ex­ tension apply in accordance with the terms of those coverages and are separate from the Limit(s) of Insurance shown in the Declarations for any other coverage.
Loss Conditions
The following conditions apply in addition to the Common Policy Conditions and the Commercial Property Conditions.
Appraisal
If we and you disagree on the amount of loss, either may make written demand for an ap­ praisal of the loss. In this event, each party will select a competent and  impartial  appraiser. The two appraisers will select  an  umpire.  If they cannot agree, either may request that se­ lection be made by a judge of a court having jurisdiction. The appraisers will state separately the amount of loss. If they  fail to  agree,  they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will:
Pay its chosen appraiser; and
Bear the other expenses of the  appraisal and umpire equally.
If there is an appraisal, we will still retain our right to deny the claim.

Duties If You Incur Extra Expense
You must see that the following are done if you incur Extra Expense:
Notify the police if a law may have been broken.
Give us prompt notice of the direct physical loss or damage. Include a de­ scription of the property involved.
As soon as possible, give us a descrip­ tion of how, when, and where the direct physical loss or damage occurred.
Take all reasonable steps to protect the Covered Property from further damage,

Limits On Loss Payment
We will not pay more for Extra  Expense  than the percentages shown in the  Declarations times the Limit of Insurance.
When the "period of restoration" is:
30 days or less, the first percentage ap­ plies.
60 days or less, but more than 30 days, the second percentage applies.
More than 60 days, the third percentage applies.
EXAMPLE

and keep a record of your expenses necessary to protect the Covered Prop­ erty, for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not

The Limit of Insurance is:
The percentages shown in the Declarations are:
The "period of restoration" is:
The amount of Extra Expenses incurred is:

$	100,000

40%-80%-100%
45 days

$	90,000

a Covered Cause of Loss. Also, if feasi­ ble, set the damaged property aside and in the best possible order for examina­ tion.
As often as may be reasonably required, permit us to inspect the property proving the loss or damage and examine your books and records.
Also permit us to take samples of dam­ aged and undamaged property for in­ spection, testing and analysis, and per­ mit us to make copies from your books and records.
Send us a signed, sworn proof of loss containing the information we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms.
Cooperate with us in the investigation or settlement of the claim.
If you intend to continue your business, you must resume all or part of your "op­ erations" as quickly as possible.
b. We may examine any insured under oath, while not in the presence of any other in­ sured and at such times as may be rea­ sonably required, about any matter relating to this insurance or the claim, including an insured's books and records. In the event of an examination, an insured's answers must be signed.

We will not pay more than $100,000 times 80% (the percentage applicable for a "period of restoration" of 31-60 days), or $80,000. The  remaining  $10,000  is not covered.
Loss Determination
The amount of Extra Expense will be de­ termined based on:
All expenses that exceed the normal operating expenses that  would  have been incurred by "operations" during the "period of restoration" if no direct physi­ cal loss or damage  had  occurred.  We will deduct from the total of such ex­ penses:
The salvage value that remains of any property bought for temporary use during the "period of restoration", once "operations" are resumed; and
Any Extra Expense that is paid for by other insurance, except for insurance that is written subject to the same plan, terms, conditions and provi­ sions as this insurance; and
Necessary expenses that reduce the Extra Expense otherwise incurred.
We will reduce the amount of your Extra Expense loss to the extent you can return "operations" to normal and discontinue such Extra Expense.

If you do not resume "operations", or do not resume "operations" as quickly as possible, we will pay based on the length of time it would have taken to resume "operations" as quickly as possible.
Loss Payment
We will pay for any loss within 30 days after we receive the proof of loss, if you have complied with all of the terms of this Coverage Part and:
We reach agreement with you on the amount of loss; or
An appraisal award has been made.
Definitions
"Operations" means your business activities occurring at the described premises.
"Period of restoration" means the period of time that:
Begins with the date of direct physical loss or damage caused by or resulting from any Covered Cause of Loss at the described premises; and
Ends on the earlier of:
The date when the property at the de­ scribed premises should be repaired, rebuilt or replaced with reasonable speed and similar quality; or
The date when business is resumed at a new permanent location.

"Period of restoration" does not include any in­ creased period required due to the  enforce­ ment of any ordinance or law that:
Regulates the construction, use or re­ pair, or requires the tearing down, of any property; or
Requires any insured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of
11pollutants".
The expiration date of this policy will not cut short the "period of restoration".
"Pollutants" means any solid, liquid, gaseous or thermal irritant or  contaminant,  including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.
"Suspension" means the slowdown or cessa­ tion of your business activities.

COMMERCIAL PROPERTY

COMMERCIAL PROPERTY CONDITIONS
This Coverage Part is subject to the following conditions, the Common Policy Conditions and applicable Loss Conditions and Additional Conditions in Commercial Property Coverage Forms.

CONCEALMENT, MISREPRESENTATION OR FRAUD
This Coverage Part is void in any case of fraud by you as it relates to this Coverage Part at any time. It is also void if you or any other insured, at any time, intentionally conceal or misrepresent a mate-rial fact concerning:
This Coverage Part;
The Covered Property;
Your interest in the Covered Property; or
A claim under this Coverage Part.
CONTROL OF PROPERTY
Any act or neglect of any person other than you beyond your direction or control will not affect this insurance.
The breach of any condition of this Coverage Part at any one or more locations will not affect cover-age at any location where, at the time of loss or damage, the breach of condition does not exist.
INSURANCE UNDER TWO OR MORE COVER­ AGES
If two or more of this policy's coverages apply to the same loss or damage, we will not pay more than the actual amount of the loss or damage.
LEGAL ACTION AGAINST US
No one may bring a legal action against us under this Coverage Part unless:
There has been full compliance with all of the terms of this Coverage Part; and
The action is brought within 2 years after the date on which the direct physical loss or dam­ age occurred.
LIBERALIZATION
If we adopt any revision that would broaden the coverage under this Coverage Part without addi­ tional premium within 45 days prior to or during the policy period, the broadened coverage will imme-diately apply to this Coverage Part.

NO BENEFIT TO BAILEE
No person or organization, other than you, having custody of Covered Property will benefit from this insurance.
OTHER INSURANCE
You may have other insurance subject to the same plan, terms, conditions and provisions as the insurance under this Coverage Part. If you do, we will pay our share of the covered loss or damage. Our share is the proportion that the applicable Limit of Insurance under this Cover-age Part bears to the Limits of Insurance of all insurance covering on the same basis.
If there is other insurance covering the same loss or damage, other than that described in
above, we will pay only for the amount of cov-ered loss or damage in excess of the amount due from that other insurance, whether you can collect on it or not. But we will not pay more than the applicable Limit of Insurance.
POLICY PERIOD, COVERAGE TERRITORY
Under this Coverage Part:
We cover loss or damage commencing:
During the policy period shown in the Declarations; and
Within the coverage territory.
The coverage territory is:
The United States of America (including its territories and possessions);
Puerto Rico; and
Canada.

TRANSFER	OF	RIGHTS	OF RECOVERY AGAINST OTHERS TO US
If any person or organization to or for whom we make payment under this Coverage Part has rights to recover damages from another, those rights are transferred to us to the extent of our payment. That person or organization must do everything neces-sary to secure our rights and must do nothing after loss to impair them. But you may waive your rights against another party in writing:

Prior to a loss to your Covered Property or Covered Income.
After a loss to your Covered Property or Cov­ ered Income only if, at time of loss, that party is one of the following:
Someone insured by this insurance;
A business firm:
Owned or controlled by you; or
That owns or controls you; or
Your tenant.
This will not restrict your insurance.

POLICY NUMBER: D37388956 002	COMMERCIAL PROPERTY CP 04 05 04 02

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ORDINANCE OR LAW COVERAGE
This endorsement modifies insurance provided under the following:

BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM STANDARD PROPERTY POLICY

SCHEDULE*

Bldg. No./ Prem. No.	

Cov.A	Cov.B Limit
Of Insur.	Cov.C Limit
Of Insur.	Cov. Band C Combined Limit
Of Insur.	
All	/ All
I I	B
□	$
$
$	$
$
$	$  See ACE0377	••
$	••
$	••	
*Information required to complete the Schedule, if not shown on this endorsement, will be shown in the Declara- lions.
**Do not enter a Combined Limit of Insurance if individual Limits of Insurance are selected for Coverages Band
C, or if one of these Coverages is not applicable.	

Each Coverage - Coverage A, Coverage 8 and Coverage C - is provided under this endorsement only if that Coverage(s) is chosen by entry in the above Schedule and then only with respect to the building identified for that Coverage{s) in the Schedule.
Application Of Coverage(s)
The Coverage(s) provided by this endorsement apply only if both 8.1. and 8.2. are satisfied and are then subject to the qualifications set forth in 8.3.
The ordinance or law:
Regulates the demolition, construction or repair of buildings, or establishes zoning or land use requirements at the described premises; and
Is in force at the time of loss.
But coverage under this endorsement applies only in response to the minimum requirements of the ordinance or law. Losses and costs incurred in complying with recommended actions or standards that exceed actual requirements are not covered under this endorsement.

2.a. The building sustains direct physical  dam­ age that is covered under this policy and such damage results in enforcement of the ordinance or law; or
The building sustains both direct physical damage that is covered under  this  policy and direct physical damage that is not cov­ ered under this policy, and the building damage in its entirety results in enforce­ ment of the ordinance or law.
But if the building sustains direct physical damage that is not covered under this pol­ icy, and such damage is the subject of the ordinance or law, then there is no coverage under this endorsement even if the building has also sustained covered direct physical damage.
In the situation described in 8.2.b. above, we will not pay the full amount of loss otherwise payable under the terms of Coverages A, B, and/or C of this endorsement. Instead, we will pay a proportion of such loss; meaning the proportion that the covered direct physical damage bears to the total direct physical dam­ age.

(Section H. of this' endorsement provides an example of this procedure.)
However, if the covered direct physical dam­ age, alone, would have resulted in enforcement of the ordinance or law, then we will pay the full amount of loss otherwise payable under the terms of Coverages A, B and/or C of this en­ dorsement
	We will not pay under Coverage A, B or C  of this endorsement for:
Enforcement of any ordinance or law which requires the demolition, repair, replacement, reconstruction, remodeling or remediation of property due to contamination by "pollutants" or due to the presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria; or
The costs associated with the enforcement of any ordinance or law which requires any in­ sured or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of "pollutants", "fungus", wet or dry rot or bacteria.
Coverage
Coverage A- Coverage For Loss To The Undamaged Portion Of The Building
With respect to the building that has sustained covered direct physical damage, we will pay under Coverage A for the loss in value of the undamaged portion of the building as a conse­ quence of enforcement of an ordinance or law that requires demolition of undamaged parts of the same building.
Coverage A is included within the Limit of In­ surance shown in the Declarations as applica­ ble to the covered building. Coverage A does not increase the Limit of Insurance.
Coverage B - Demolition Cost Coverage
With respect to the building that has sustained covered direct physical damage, we will pay the cost to demolish and clear the site of undam­ aged parts of the same building, as a conse­ quence of enforcement of an ordinance or law that requires demolition of such undamaged property.
The Coinsurance Additional Condition does not apply to Demolition Cost Coverage.

Coverage C - Increased Cost Of Construction Coverage
With respect to the building that has sus­ tained covered direct physical damage, we will pay the increased cost to:
Repair or reconstruct damaged portions of that building; and/or
Reconstruct or remodel undamaged portions of that building, whether or not demolition is required;
when the increased cost is a consequence of enforcement of the minimum require­ ments of the ordinance or law.
However:
This coverage applies only if lhe re­ stored or remodeled property is intended for similar occupancy as the current property, unless such occupancy is not permitted by zoning or land use ordi­ nance or law.
We will not pay for the increased cost of construction if the building is not re­ paired, reconstructed or remodeled.
The Coinsurance Additional Condition does not apply to Increased Cost of Construction Coverage.
When a building is damaged or destroyed and Coverage C applies to that building in accordance with 3.a. above, coverage  for the increased cost of construction also ap­ plies to repair or reconstruction of the fol­ lowing, subject to the same conditions stated in 3.a.:
The cost of excavations, grading, back- filling and filling;
Foundation of the building;
Pilings; and
Underground pipes, flues and drains.
The items listed in b.(1) through b.(4) above are deleted from Property Not Covered, but only with respect to the coverage described in this Provision, 3.b.
Loss Payment
All following loss payment Provisions, E.2. through E.5., are subject to the apportionment procedures set forth in Section
B.3. of this en-dorsement

When there is a loss in value of an undamaged portion of a building to which Coverage A ap-plies, the loss payment for that building, in-eluding damaged and undamaged portions, will be determined as follows:
If the Replacement Cost Coverage Option applies and the property is being repaired or replaced, on the same or another premises, we will not pay more than the lesser of:
The amount you would actually spend to repair, rebuild or reconstruct the build­ ing, but not for more than the amount it would cost to restore the building on the same premises and to the same height, floor area, style and comparable quality of the original property insured; or
The Limit of Insurance shown in the Declarations as applicable to the cov­ ered building.
If the Replacement Cost Coverage Option applies and the property is not repaired or replaced, or if the Replacement Cost Cov­ erage Option does not apply, we will  not pay more than the lesser of:
The actual cash value of the building at the time of loss; or
The Limit of Insurance shown in the Declarations as applicable to the cov­ ered building.
Unless Paragraph E.5. applies, loss payment under Coverage B - Demolition Cost Coverage will be determined as follows:
We will not pay more than the lesser of the fol­ lowing:
The amount you actually spend to demolish and clear the site of the described prem­ ises; or
The applicable Limit of Insurance shown for Coverage B in the Schedule above.
Unless Paragraph E.5. applies, loss payment under Coverage C - Increased Cost of Con­ struction Coverage will be determined as fol­ lows:
We will not pay under Coverage C:
Until the property is actually repaired or replaced, at the same or another prem­ ises; and
Unless the repairs or replacement are made as soon as reasonably possible after the loss or damage, not to exceed two years. We may extend this period in writing during the two years.

If the building is repaired or replaced at the same premises, or if you elect to rebuild at another premises, the most we will pay un­ der Coverage C is the lesser of:
The increased cost of construction at the same premises; or
The applicable Limit of Insurance shown for Coverage C in the Schedule above.
If the ordinance or law requires relocation to another premises, the most we will pay un­ der Coverage C is the lesser of:
The increased cost of construction at the new premises; or
The applicable Limit of Insurance shown for Coverage C in the Schedule above.
If a Combined Limit of Insurance is shown for Coverages B and C in the Schedule above, Paragraphs E.3. and E.4. of this endorsement do not apply with respect to the building that is subject to the Combined Limit, and the follow-ing loss payment provisions apply instead:
The most we will pay, for the total of all covered losses for Demolition Cost and Increased Cost of Construction, is the Combined Limit of In­ surance shown for Coverages B and C in the Schedule above. Subject to this  Combined Limit of Insurance, the following loss payment provisions apply:
For Demolition Cost, we will not pay more than the amount you actually spend to de­ molish and clear the site of the described premises.
With respect to the Increased Cost of Con­ struction:
We will not pay for the increased cost of construction:
Until the property is actually repaired or replaced, at the same or another premises; and
Unless the repairs or replacement are made as soon as reasonably possible after the loss or  damage, not to exceed two years. We may extend this period in writing during the two years.
If the building is repaired or replaced at the same premises, or if you elect to re­ build at another premises, the most we will pay for the increased cost of con­ struction is the increased cost of con­ struction at the same premises.

If the ordinance or law requires reloca­ tion to another premises, the most we will pay for the increased cost of con­ struction is the increased cost of con­ struction at the new premises.
The terms of this endorsement apply separately to each building to which this endorsement applies.
Under this endorsement we will not pay for loss due to any ordinance or law that:
You were required to comply with before the loss, even if the building was undamaged; and
You failed to comply with.
Example of Proportionate Loss Payment for Ordi-nance Or Law Coverage Losses (procedure as set forth in Section B.3. of this endorsement.)
Assume:
Wind is a Covered Cause of Loss; Flood is an excluded Cause of Loss
The building has a value of $200,000
Total direct physical damage to building:
$100,000
The ordinance or law in this jurisdiction is en­ forced when building damage equals or ex­ ceeds 50% of the building's value
Portion of direct physical damage that is cov­ ered (caused by wind): $30,000
Portion of direct physical damage that is not covered (caused by flood): $70,000
Loss under Ordinance Or Law Coverage C of this endorsement: $60,000

Step 1:
Determine the proportion that the covered di­ rect physical damage bears to the total direct physical damage.
$30,000 + $100,000 = .30
Step 2:
Apply that proportion to the Ordinance or Law loss.
$60,000 X .30 = $18,000
In this example, the most we will pay under this endorsement	for the Coverage C loss is
$18,000, subject to the applicable Limit of Insurance and any other applicable provisions.
Note: The same procedure applies to losses un­ der Coverages A and B of this endorsement.
The following definition is added:
"Fungus" means any type or form of fungus, in­ cluding mold or mildew, and any mycotoxins, spores, scents or by-products produced or re­ leased by fungi.

COMMERCIAL PROPERTY
CP 10 30 06 07
CAUSES OF LOSS - SPECIAL FORM

Words and phrases that appear in quotation marks have special meaning. Refer to Section G., Definitions.

Covered Causes Of Loss
When Special is shown in the Declarations, Cov­ ered Causes of Loss means Risks Of Direct Physical Loss unless the loss is:
Excluded in Section B., Exclusions; or
Limited in Section C., Limitations; that follow.
Exclusions
We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes con­ currently or in any sequence to the loss.
Ordinance Or Law
The enforcement of any ordinance or law:
Regulating the construction, use or repair of any property; or
Requiring the tearing down of any prop­ erty, including the cost of removing its debris.
This exclusion, Ordinance Or Law, applies whether the loss results from:
An ordinance or law that is enforced even if the property has not been damaged; or
The increased costs incurred to comply with an ordinance or law in the course of construction, repair, renovation, remodeling or demolition of property, or removal of its debris, following a physical loss to that property.
Earth Movement
Earthquake, including any earth sinking, rising or shifting related to such event;
Landslide, including any earth sinking, rising or shifting related to such event;
Mine subsidence, meaning subsidence of a man-made mine, whether or not mining activity has ceased;

Earth sinking (other than sinkhole col­ lapse), rising or shifting including soil conditions which cause settling, crack­ ing or other disarrangement of founda­ tions or other parts of realty. Soil condi­ tions include contraction, expansion, freezing, thawing, erosion, improperly compacted soil and the action of water under the ground surface.
But if Earth Movement, as described in  b.(1) through (4) above, results in fire or explosion, we will pay for the loss or dam­ age caused by that fire or explosion.
Volcanic eruption, explosion or effusion. But if volcanic eruption, explosion or ef­ fusion results in fire, building glass breakage or Volcanic Action, we will pay for the loss or damage caused by that fire, building glass breakage or Volcanic Action.
Volcanic Action means direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by:
Airborne volcanic blast or airborne shock waves;
Ash, dust or particulate matter; or
Lava flow.
All volcanic eruptions that occur within any 168-hour period will constitute a single occurrence.
Volcanic Action does not include  the cost to remove ash, dust or particulate matter that does not cause direct physi­ cal loss or damage to the described property.
Governmental Action
Seizure or destruction of property by order  of governmental authority.
But we will pay for loss or damage  caused by or resulting from acts of destruction or­ dered by governmental authority and taken at the time of a fire to prevent its spread, if the fire would be covered under this Cover­ age Part.

Nuclear Hazard
Nuclear reaction or radiation, or radioactive contamination, however caused.
But if nuclear reaction or radiation, or radio­ active contamination, results in fire, we will pay for the loss or damage caused by that fire.
Utility Services
The failure of power, communication, water or other utility service supplied to the de­ scribed premises, however caused, if the failure:
Originates away from the described premises; or
Originates at the described premises, but only if such failure involves equip­ ment used to supply the utility service to the described premises from a source away from the described premises.
Failure of any utility service includes lack of sufficient capacity and reduction in supply.
Loss or damage caused by a surge of power is also excluded, if the surge would not have occurred but for an event causing a failure of power.
But if the failure or surge of power, or the failure of communication, water or other util­ ity service, results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss.
Communication services include but are not limited to service relating to Internet access or access to any electronic, cellular or satel­ lite network.
War And Military Action
War, including undeclared or civil war;
Warlike action by a military force, includ­ ing action in hindering or defending against an actual or expected attack, by any government, sovereign or other au­ thority using military personnel or other agents; or
Insurrection, rebellion, revolution, usurped power, or action taken by gov­ ernmental authority in hindering or de­ fending against any of these.

Water
Flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not;
Mudslide or mudflow;
Water that backs up or overflows from a sewer, drain or sump; or
Water under the ground surface press­ ing on, or flowing or seeping through:
Foundations, walls, floors or paved surfaces;
Basements, whether paved or not; or
Doors, windows or other openings. But if Water, as described in g.(1) through
g.(4) above, results in fire, explosion or sprinkler leakage, we will pay for the loss or damage caused by that fire, explosion or sprinkler leakage.
"Fungus", Wet Rot, Dry Rot And Bacteria
Presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria.
But if "fungus", wet or dry rot or bacteria re­ sults in a "specified cause of loss", we will pay for the loss or damage caused by that "specified cause of loss".
This exclusion does not apply:
When "fungus", wet or dry rot or bacteria results from fire or lightning; or
To the extent that coverage  is provided in the Additional Coverage - Limited Coverage For "Fungus", Wet Rot, Dry Rot And Bacteria with respect to loss or damage by a cause of loss other  than fire or lightning.
Exclusions B.1.a. through B.1.h. apply whether or not the loss event results in widespread damage or affects a substantial area.
We will not pay for loss or  damage  caused by or resulting from any of the following:
Artificially generated electrical, magnetic or electromagnetic energy that damages, dis­ turbs, disrupts or otherwise interferes with any:
Electrical or electronic wire, device, appliance, system or network; or
Device, appliance, system or network utilizing cellular or satellite technology.

For the purpose of this exclusion, electrical, magnetic or electromagnetic energy in­ cludes but is not limited to:
Electrical current, including arcing;
Electrical charge produced or con­ ducted by a magnetic or electromag­ netic field;
Pulse of electromagnetic energy; or
Electromagnetic waves or micro­ waves.
But if fire results, we will pay for the loss or damage caused by that fire.
Delay, loss of use or loss of market.
Smoke, vapor or gas from agricultural smudging or industrial operations.
(1) Wearandtear;
Rust or other corrosion, decay, deterio­ ration, hidden or latent defect or any quality in property that causes it to dam­ age or destroy itself;
Smog;
Settling, cracking, shrinking or expan­
sion;
Nesting or infestation, or discharge or release of waste products or secretions, by insects, birds, rodents or other ani­ mals.
Mechanical breakdown, including rup­ ture or bursting caused by centrifugal force. But if mechanical breakdown re­ sults in elevator collision, we will pay for the loss or damage caused by that ele­ vator collision.
The following causes of loss to personal property:
Dampness or dryness of atmos­ phere;
Changes in or extremes of tempera­ ture; or
Marring or scratching.
But if an excluded cause of loss that is listed in 2.d.(1) through (7) results in a "specified cause of loss" or building glass breakage, we will pay for the loss or dam­ age caused by that "specified cause of loss" or building glass breakage.

Explosion of steam boilers, steam pipes, steam engines or steam turbines owned or leased by you, or operated under your con­ trol. But if explosion of steam boilers, steam pipes, steam engines or steam turbines re­ sults in fire or combustion explosion, we will pay for the loss or damage caused by that fire or combustion explosion. We will  also pay for loss or damage caused by or result­ ing from the explosion of gases  or  fuel within the furnace of any fired vessel  or within the flues or passages through which the gases of combustion pass.
Continuous or repeated seepage or leak­ age of water, or the presence or condensa­ tion of humidity, moisture or vapor, that oc­ curs over a period of 14 days or more.
Water, other liquids, powder or molten material that leaks or flows from plumbing, heating, air conditioning or other equipment (except fire protective systems)  caused  by or resulting from freezing, unless:
You do your best to maintain heat in the building or structure; or
You drain the equipment and shut off the supply if the heat is not maintained.
Dishonest or criminal act by you, any of your partners, members, officers, manag­ ers, employees (including leased employ­ ees), directors, trustees, authorized repre­ sentatives or anyone to whom you entrust the property for any purpose:
Acting alone or in collusion with  others; or
Whether or not occurring during the hours of employment.
This exclusion does not apply to acts of de­ struction by your employees (including leased employees); but theft by employees (including leased employees) is not cov­ ered.
Voluntary parting with any property  by you or anyone else to whom you have entrusted the property if induced to do so by any fraudulent scheme, trick, device or false pretense.
Rain, snow, ice or sleet to personal prop­ erty in the open.

Collapse, including any of the following conditions of property or any part of the property:
An abrupt falling down or caving in;
Loss of structural integrity, including separation of parts of the property or property in danger of falling down or caving in; or
Any cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion as such condition relates to (1) or (2) above.
But if collapse results in a Covered Cause of Loss at the described premises, we will pay for the loss or damage caused by that Covered Cause of Loss.
This exclusion, k., does not apply:
To the extent that coverage is pro- vided under  the Additional Coverage - Collapse; or
To collapse caused by one or more of the following:
The "specified causes of loss";
Breakage of building glass;
Weight of rain that collects on a roof; or
Weight of people or personal property.
I. Discharge, dispersal, seepage, migration, release or escape of "pollutants" unless the discharge, dispersal, seepage, migration, release or escape is itself caused by any of the "specified causes of loss". But if the dis­ charge, dispersal, seepage, migration, re­ lease or escape of "pollutants" results in a "specified cause of loss", we will pay for the loss or damage caused by that "specified cause of loss".
This exclusion, I., does not apply to dam­ age to glass caused by chemicals applied to the glass.
m. Neglect of an insured to use all reasonable means to save and preserve property from further damage at and after the time of loss.
We will not pay for loss or damage caused by or resulting from any of the following, 3.a. through 3.c. But if an excluded cause of loss that is listed in 3.a. through 3.c. results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss.

Weather conditions. But this exclusion only applies if weather conditions contribute in  any way with a cause or event excluded in Paragraph 1. above to produce the loss or damage.
Acts or decisions, including the failure to act or decide, of any person, group, organiza­ tion or governmental body.
Faulty, inadequate or defective:
Planning, zoning, development, survey­ ing, siting;
Design, specifications, workmanship, repair, construction, renovation, remod­ eling, grading, compaction;
Materials used in repair, construction, renovation or remodeling; or
Maintenance;
of part or all of any property on or off the described premises.
Special Exclusions
The following provisions apply only to the specified Coverage Forms.
Business Income (And Extra Expense) Coverage Form, Business Income (Without Extra Expense) Coverage Form, Or Extra Expense Coverage Form
We will not pay for:
Any loss caused by or resulting from:
Damage or destruction of "finished
stock"; or
The time required to reproduce "fin­ ished stock".
This exclusion does not apply to Extra Expense.
Any loss caused by or resulting from direct physical loss or damage  to  radio or television antennas (including satellite dishes) and their lead-in wiring, masts or towers.
Any increase of loss caused by or re­ sulting from:
Delay in rebuilding, repairing or replacing the property or resuming "operations", due to interference at the location of the rebuilding,  repair or replacement by strikers or other persons; or

Suspension, lapse or cancellation of any license, lease or contract. But if the suspension, lapse or cancellation is directly caused by the "suspen­
sion11  of 11operations'\we  will  cover
such loss that affects your Business Income during the "period of restora­ tion" and any extension of the "pe­ riod of restoration" in accordance with the terms of the Extended Busi­ ness Income Additional Coverage and the Extended Period Of Indem­ nity Optional Coverage or any varia­ tion of these.
Any Extra Expense caused by or result­ ing from suspension, lapse or cancella­ tion of any license, lease or contract be­ yond the "period of restoration".
Any other consequential loss.
Leasehold Interest Coverage Form
Paragraph B.1.a., Ordinance Or Law, does not apply to insurance under this Coverage Form.
We will not pay for any loss caused by:
Your cancelling the lease;
The suspension, lapse or cancella­ tion of any license; or
Any other consequential loss.
Legal Liability Coverage Form
The following exclusions do not apply to insurance under this Coverage Form:
Paragraph B.1.a., Ordinance Or Law;
Paragraph	B.1.c., Governmental Action;
Paragraph B.1.d., Nuclear Hazard;
Paragraph B.1.e., Utility Services; and
Paragraph B.1.f., War And Military Action.

The following additional exclusions apply to insurance under this Coverage Form:
Contractual Liability
We will not defend any claim or "suit", or pay damages that you are legally liable to pay, solely by reason of your assumption of liability in a contract or agreement. But this ex­ clusion does not apply to a written lease agreement in which you have assumed liability for building damage resulting from an actual or attempted burglary or robbery, provided that:
Your assumption of liability was executed prior to the  accident; and
The building is Covered Property under this Coverage Form.
Nuclear Hazard
We will not defend any claim or "suit", or pay any damages, loss, expense or obligation, resulting from nuclear reaction or radiation, or radioactive contamination, however caused.
Additional Exclusion
The following provisions apply only to the specified property.
LOSS OR DAMAGE TO PRODUCTS
We will not pay for loss or damage to any mer­ chandise, goods or other product caused by or resulting from error or omission by any person  or entity (including those having possession under an arrangement where work  or a portion of the work is outsourced) in any stage of the development, production or use of the product, including planning, testing, processing, pack­ aging, installation, maintenance or repair. This exclusion applies to any effect that compro­ mises the form, substance or quality of the product. But if  such error or omission results in  a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss.

Limitations
The following limitations apply to all policy forms and endorsements, unless otherwise stated.
We will not pay for loss of or damage to prop­ erty, as described and limited in this section. In addition, we will not pay for any loss that is a consequence of loss or damage as described and limited in this section.
Steam boilers, steam pipes, steam engines or steam turbines caused by or resulting from any condition or event inside such equipment. But we will pay for loss of or damage to such equipment caused by or resulting from an explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass.
Hot water boilers or other water heating equipment caused by or resulting from any condition or event inside such boilers or equipment, other than an explosion.
The interior of any building or structure, or to personal property in the building or struc­ ture, caused by or resulting from rain, snow, sleet, ice, sand or dust, whether driven by wind or not, unless:
The building or structure first sustains damage by a Covered Cause of Loss to its roof or walls through which the rain, snow, sleet, ice, sand or dust enters; or
The loss or damage is caused by or results from thawing of snow, sleet or ice on the building or structure.
Building materials and supplies not at­ tached as part of the building or structure, caused by or resulting from theft.
However, this limitation does not apply to:
Building materials and supplies held for sale by you, unless they are insured un­ der the Builders Risk Coverage Form; or
Business Income Coverage or Extra Expense Coverage.
Property that is missing, where the only evidence of the loss or damage is a short­ age disclosed on taking inventory, or other instances where there is no physical evi­ dence to show what happened to the prop­ erty.
Property that has been transferred to a person or to a place outside the described premises on the basis of unauthorized in­ structions.

We will not pay for loss of or damage to the following types of property unless caused by the "specified causes of loss" or building glass breakage:
Animals, and then only if they are killed or their destruction is made necessary.
Fragile articles such as statuary, marbles, chinaware and porcelains, if broken. This restriction does not apply to:
Glass; or
Containers of property held for sale.
Builders' machinery, tools and equipment owned by you or entrusted to you, provided such property is Covered Property.
However, this limitation does not apply:
If the property is located on or within
100 feet of the described premises, unless the premises is insured under the Builders Risk Coverage Form; or
To Business Income Coverage or to Extra Expense Coverage.
The special limit shown for each category, a. through d., is the total limit for loss of or dam­ age to all property in that category. The special limit applies to any one occurrence of theft, re­ gardless of the types or number of articles that are lost or damaged in that occurrence. The special limits are:
$2,500 for furs, fur garments and garments trimmed with fur.
$2,500 for jewelry, watches, watch move­ ments, jewels, pearls, precious and semi­ precious stones, bullion, gold, silver, plati­ num and other precious alloys or  metals. This limit does not apply to jewelry and watches worth $100 or less per item.
$2,500 for patterns, dies, molds and forms.
$250 for stamps, tickets, including lottery tickets held for sale, and letters of credit.
These special limits are part of, not in addition to, the Limit of Insurance applicable to the Cov­ ered Property.
This limitation, C.3., does not apply to  Busi­ ness Income Coverage or to Extra Expense Coverage.

We will not pay the cost to repair any defect to a system or appliance from which water, other liquid, powder or molten material escapes. But we will pay the cost to repair or replace dam­ aged parts of fire-extinguishing equipment if the damage:
Results in discharge of any substance from an automatic fire protection system; or
Is directly caused by freezing.
However, this limitation does not apply to Busi­ ness Income Coverage or to Extra Expense Coverage.
Additional Coverage - Collapse
The coverage provided under this Additional Cov­ erage - Collapse applies only to an abrupt col­ lapse as described and limited in D.1. through D.7.
For the purpose of this Additional Coverage - Collapse, abrupt collapse means an abrupt fal­ ling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its intended purpose.
We will pay for direct physical loss or damage to Covered Property, caused by abrupt col­ lapse of a building or any part of a building that is insured under this Coverage Form or that contains Covered Property insured under this Coverage Form, if such collapse is caused by one or more of the following:

Building decay that is hidden from view, unless the presence of such decay is known to an insured prior to collapse;
Insect or vermin damage that is hidden from view, unless the presence of such damage is known to an insured prior to col­ lapse;
Use of defective material or methods in construction, remodeling or renovation if the abrupt collapse occurs during the course of the construction, remodeling or renovation.
Use of defective material or methods in construction, remodeling or renovation if the abrupt collapse occurs after the construc­ tion, remodeling or renovation is complete, but only if the collapse is caused in part by:
A cause of loss listed in 2.a. or2.b.;
One or more of the "specified causes of
loss";
Breakage of building glass;
Weight of people or personal property; or
Weight of rain that collects on a roof.

This Additional Coverage - Collapse does
not apply to:
A building or any part of a building that is in danger of falling down or caving in;
A part of a building that is standing, even if it has separated from another part of the building; or
A building that is standing or any part of a building that is standing, even if it shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage or ex­ pansion.
With respect to the following property:
Outdoor radio or television antennas (in­ cluding satellite dishes) and their lead-in wiring, masts or towers;
Awnings, gutters and downspouts;
Yard fixtures;
Outdoor swimming pools;
Fences;
Piers, wharves and docks;
Beach or diving platforms or appurte-
nances;
Retaining walls; and
Walks, roadways and other paved surfaces;
if an abrupt collapse is caused by a cause of loss listed in 2.a. through 2.d., we will pay for loss or damage to that property only if:
Such loss or damage is a direct result of the abrupt collapse of a building insured under this Coverage Form; and
The property is Covered Property under this Coverage Form.
If personal property abruptly falls down or caves in and such collapse is not the result of abrupt collapse of a building, we will pay for loss or damage to Covered Property caused by such collapse of personal property only if:
The collapse of personal property was caused by a cause of loss listed in 2.a. through 2.d.;
The personal property which collapses is inside a building; and
The property which collapses is not of a kind listed in 4., regardless of whether that kind of property is considered to be per­ sonal property or real property.
The coverage stated in this Paragraph 5. does not apply to personal property if marring and/or scratching is the only damage to that personal property caused by the collapse.

This Additional Coverage - Collapse does not apply to personal property that has not abruptly fallen down or caved in, even if the personal property shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion.
This Additional Coverage - Collapse will not increase the Limits of Insurance provided in this Coverage Part.
The term Covered Cause of Loss includes the Additional Coverage - Collapse as described and limited in D.1. through D.7.
Additional Coverage - Limited Coverage For "Fungus", Wet Rot, Dry Rot And Bacteria
The coverage described in E.2. and E.6. only applies when the "fungus", wet or dry rot or bacteria is the result of one or more of the fol­ lowing causes that occurs during the policy pe­ riod and only if all reasonable means were used to save and preserve the property from further damage at the time of and after that oc­ currence.
A "specified cause of loss" other than fire or lightning; or
Flood, if the Flood Coverage Endorsement applies to the affected premises.
We will pay for loss or damage by "fungus", wet or dry rot or bacteria. As used in this Lim­ ited Coverage, the term loss or damage means:
Direct physical loss or damage to Covered Property caused by "fungus", wet or dry rot or bacteria, including the cost of removal of the "fungus", wet or dry rot or bacteria;
The cost to tear out and replace any part of the building or other property as needed to gain access to the "fungus", wet or dry rot or bacteria; and	·
The cost of testing performed after removal, repair, replacement or restoration of the damaged property is completed, provided there is a reason to believe that "fungus", wet or dry rot or bacteria are present.

The coverage described under E.2. of this Limited Coverage is limited to $15,000. Re­ gardless of the number of claims,  this  limit  is the most we will pay for the total of all loss or damage arising out of all occurrences of "specified causes of loss" (other than fire or lightning) and Flood which take place in a 12- month period (starting with the beginning of the present annual policy period). With respect to a particular occurrence of loss which results in "fungus", wet or dry rot or bacteria, we will not pay more than a total of $15,000 even if the "fungus", wet or dry rot or bacteria continues to be present or active, or recurs, in a later policy period.
The coverage provided under this Limited Coverage does not increase the applicable Limit of Insurance on any Covered Property. If a particular occurrence results in loss or dam­ age by "fungus", wet or dry rot or bacteria, and other loss or damage, we will not pay more, for the total of all loss or damage, than the appli­ cable Limit of Insurance on the affected Cov­ ered Property.
If there is covered loss or damage to Covered Property, not caused by "fungus", wet or dry rot or bacteria, loss payment will not be limited by the terms of this Limited Coverage, except  to the extent that "fungus", wet or dry rot or bacte­ ria causes an increase in the loss. Any such increase in the loss will be subject to the terms  of this Limited Coverage.
The terms of this Limited Coverage do not increase or reduce the coverage provided un­ der Paragraph F.2. (Water Damage, Other Liq­ uids, Powder Or Molten Material Damage)  of this Causes Of Loss Form or under the Addi­ tional Coverage - Collapse.
The following, 6.a. or 6.b., applies only if Busi­ ness Income and/or Extra Expense Coverage applies to the described premises and  only  if the "suspension" of "operations" satisfies all terms and conditions of the applicable Busi­ ness Income and/or Extra Expense Coverage Form.

If the loss which resulted in "fungus", wet or dry rot or bacteria does not in itself necessi­ tate a "suspension" of "operations", but such "suspension" is necessary due to loss or damage to property caused by "fungus", wet or dry rot or bacteria, then our payment under Business Income and/or Extra Ex­ pense is limited to the amount of loss and/or expense sustained in a period of not more than 30 days. The days need not be consecutive.
If a covered "suspension" of "operations" was caused by loss or damage other than "fungus", wet or dry rot or bacteria but remediation of "fungus", wet or dry rot or bacteria prolongs the "period of restoration", we will pay for loss and/or expense sus­ tained during the delay (regardless of when such a delay occurs during the "period of restoration"), but such coverage is limited to 30 days. The days need not be consecu­ tive.
Additional Coverage Extensions
Property In Transit
This Extension applies only to your personal property to which this form applies.
You may extend the insurance provided by this Coverage Part to apply to your per­ sonal property (other than property in the care, custody or control of your salesper­ sons) in transit more than 100 feet from the described premises. Property must be in or on a motor vehicle you own, lease or oper­ ate while between points in the coverage territory.
Loss or damage must be caused by or result from one of the following causes of loss:
Fire, lightning, explosion, windstorm or hail, riot or civil commotion, or vandal­ ism.
Vehicle collision, upset or overturn. Collision means accidental contact of your vehicle with another vehicle or ob­ ject. It does not mean your vehicle's contact with the roadbed.
Theft of an entire bale, case or package by forced entry into a securely locked body or compartment of the vehicle. There must be visible marks of the forced entry.
The most we will pay for loss or damage under this Extension is $5,000.

This Coverage Extension is additional insur­ ance. The Additional Condition, Coinsurance, does not apply to this Extension.
Water Damage, Other Liquids, Powder Or Molten Material Damage
If loss or damage caused by or resulting from covered water or other liquid, powder or molten material damage loss occurs, we will also pay the cost to tear out and replace any part of the building or structure to repair damage to the system or appliance from which the water or other substance escapes. This Coverage Ex­ tension does not increase the Limit of Insur­ ance.
Glass
We will pay for expenses incurred to put up temporary plates or board up openings if repair or replacement of damaged glass is delayed.
We will pay for expenses incurred to re­ move or replace obstructions when repair­ ing or replacing glass that is part of a build­ ing. This does not include removing or re­ placing window displays.
This Coverage Extension, F.3., does not in­ crease the Limit of Insurance.
Definitions
"Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by-products produced or re­ leased by fungi.
"Specified causes of loss" means the following: fire; lightning; explosion; windstorm or hail; smoke; aircraft or vehicles; riot or civil commo­ tion; vandalism; leakage from fire-extinguishing equipment; sinkhole collapse; volcanic action; falling objects; weight of snow, ice or sleet; wa­ ter damage.
Sinkhole collapse means the sudden sink­ ing or collapse of land into underground empty spaces created by the action of wa­ ter on limestone or dolomite. This cause of loss does not include:
The cost of filling sinkholes; or
Sinking or collapse of land into man­ made underground cavities.

Falling objects does not include loss or damage to:
Personal property in the open; or
The interior of a building or structure, or property inside a building or structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object.

Water damage means accidental  discharge or leakage of water or steam as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance (other than a sump system including its related equipment and parts), that is located on the described premises and contains water or steam.

COMMERCIAL PROPERTY
CP 10 32 08 08

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
WATER EXCLUSION ENDORSEMENT
This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART
STANDARD PROPERTY POLICY

The exclusion in Paragraph B. replaces the Water
Exclusion in this Coverage Part or Policy.
Water
Flood, surface water, waves (including tidal wave and tsunami), tides, tidal water, overflow of any body of water, or spray from any of these, all whether or not driven by wind (includ­ ing storm surge);
Mudslide or mudflow;
Water that backs up or overflows or is other­ wise discharged from a sewer, drain, sump, sump pump or related equipment;
Water under the ground surface pressing on, or flowing or seeping through:
Foundations, walls, floors or paved sur­ faces;
Basements, whether paved or not; or
Doors, windows or other openings; or

Waterborne material carried or otherwise moved by any of the water referred to in Para­ graph 1., 3. or 4., or material carried or other­ wise moved by mudslide or mudflow.
This exclusion applies regardless of whether  any of the above, in Paragraphs 1. through 5.,  is caused by an act of nature or is otherwise caused. An example of a situation to which this exclusion applies is the situation where a dam, levee, sea­ wall or other boundary or containment system fails in whole or in part, for any reason, to contain the water.
But if any of the above, in Paragraphs 1.  through 5., results in fire, explosion or sprinkler  leakage, we will pay for the loss or damage caused by that fire, explosion or sprinkler leakage (if sprinkler leakage is a Covered Cause of Loss).

POLICY NUMBER: D37388956 002	COMMERCIAL PROPERTY CP14100695

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL COVERED PROPERTY

This endorsement modifies insurance provided under the following:

BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION  COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT-OWNERS COVERAGE FORM STANDARD PROPERTY POLICY

The following is withdrawn from PROPERTY NOT COVERED and added to PROPERTY COVERED:
SCHEDULE'

Prem. No.
All

Bldg. No.
All

Paragraph Reference A.2.d.

Type of Property Coverage (Enter BUILDING or PERSONAL
Description of Property	PROPERTY)
Roadways, walkways,	Building patios and other paved
surfaces

Information required to complete this Schedule, if not shown on this endorsement, will be shown in the Declarations.

IL00171198

COMMON POLICY CONDITIONS
All Coverage Parts included in this policy are subject to the following conditions.

Cancellation
The first Named Insured shown in the Declara-tions may cancel this policy by mailing or deliv-ering to us advance written notice of cancella-tion.
We may cancel this policy by mailing or deliver-Ing to the first Named Insured written notice of cancellation at least:
10 days before the effective date of cancel­ lation if we cancel for nonpayment of pre­ mium; or
30 days before the effective date of cancel­ lation if we cancel for any other reason.
We will mail or deliver our notice to the first Named lnsured's last mailing address known to us.
Notice of cancellation will state the effective date of cancellation. The policy period will end on that date.
If this policy is cancelled, we will send the first Named Insured any premium refund due. If we cancel, the refund will be pro rata. If the first Named Insured cancels,  the refund may be less than pro rata. The cancellation will be ef-fective even if  we have not made or offered a refund.
If notice is mailed, proof of mailing will be suffi-cient proof of notice.
Changes
This policy contains all the  agreements between you and us concerning the insurance afforded. The first Named Insured shown in the Declarations is authorized to make changes in the terms of this policy with our consent. This policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy.
Examination Of Your Books And Records
We may examine and audit your books and re­ cords as they relate to this policy at any time dur-ing the policy period and up to three years after-ward.
Inspections And Surveys
We have the right to:
Make inspections and surveys at any time;

Give you reports on the conditions we find; and
Recommend changes.
We are not obligated to make any inspections, surveys, reports or recommendations and any such actions we do undertake relate only to in­ surability and the premiums to be charged. We do not make safety inspections. We do not un­ dertake to perform the duty of any person or organization to provide for  the  health  or safety of workers or the public. And we do not warrant that conditions:
Are safe or healthful; or
Comply	with   laws,	regulations,	codes	or standards.
Paragraphs 1. and 2. of this condition apply not only to us, but also to any rating, advisory, rate service or similar organization which makes in­ surance inspections, surveys, reports or rec­ ommendations.
Paragraph 2. of this condition does not apply to any inspections, surveys, reports or recom­ mendations we may make relative to certifica­ tion, under state or municipal statutes, ordi­ nances or regulations, of boilers, pressure ves­ sels or elevators.
Premiums
The first Named Insured shown in the Declara­ tions:
Is responsible for the payment of all premiums; and
Will be the payee for any return premiums we pay.
Transfer Of Your Rights And Duties Under This Policy
Your rights and duties under this policy may not be transferred without our  written  consent except in the case of death of an individual named insured.
If you die, your rights and duties will be transferred to your legal representative but only while acting within the scope of duties as your legal representa­ tive. Until your legal representative is appointed, anyone having proper temporary custody of your property will have your rights and duties but only with respect to that property.

IL 02 49 09 08

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
SOUTH CAROLINA CHANGES -
CANCELLATION AND NONRENEWAL

This endorsement modifies insurance provided under the following:

CAPITAL ASSETS PROGRAM (OUTPUT POLICY) COVERAGE PART COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL INLAND MARINE COVERAGE PART
COMMERCIAL PROPERTY COVERAGE PART CRIME AND FIDELITY COVERAGE PART
EMPLOYMENT-RELATED PRACTICES LIABILITY COVERAGE PART EQUIPMENT BREAKDOWN COVERAGE PART
FARM COVERAGE PART
LIQUOR LIABILITY COVERAGE PART
MEDICAL PROFESSIONAL LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART
PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

Paragraphs 2. and 3. of Cancellation Common Policy Condition are replaced by the following:
We may cancel this policy by mailing or deliv­ ering to the first Named Insured and the agent, if any, written notice of cancellation at least:
10 days before the effective date of cancel­ lation if we cancel for nonpayment of pre­ mium; or
30 days before the effective date of cancel­ lation if we cancel for any other reason.
We will mail or deliver our notice to the first Named lnsured's and agent's last known ad­ dresses.
The following is added to the Cancellation Com­ mon Policy Condition:
Cancellation Of Policies In Effect For 120 Days Or More
If this policy has been in effect for 120 days or more, or is a renewal or continuation of a policy we issued, we may cancel this policy only for one or more of the following reasons:
Nonpayment of premium;

Material misrepresentation of fact which, if known to us, would have caused us not to issue the policy;
Substantial change in the risk assumed, except to the extent that we should rea­ sonably have foreseen the change or con­ templated the risk in writing the policy;
Substantial breaches of contractual duties, conditions or warranties; or
Loss of our reinsurance covering all or a significant portion of the particular policy in­ sured, or where continuation of the policy would imperil our solvency or place us in violation of the insurance laws of South Carolina.
Prior to cancellation for  reasons  permitted in this Item e., we will notify the Commis­ sioner, in writing, at least 60 days prior to such cancellation and the Commissioner will, within 30 days of such notification, ap­ prove or disapprove such action.
Any notice of cancellation will state the precise reason for cancellation.

The following is added and supersedes any provi­ sions to the contrary:
Nonrenewal
We will not refuse to renew a policy issued for a term of more than one year, until expiration of its full term, if anniversary renewal has been guaranteed by additional premium considera­ tion.
If we decide not to renew this policy, we will:
Mail or deliver written notice of nonrenewal to the first Named Insured and agent, if any, before:
The expiration date of this policy, if the policy is written for a term of one year or less; or
An anniversary date of this policy, if the policy is written for a term of more than one year or for an indefinite term; and

Provide at least:
60 days' notice of nonrenewal, when nonrenewal is to become effective be­ tween November 1 and May 31; or
90 days' notice of nonrenewal, when nonrenewal is to become effective be­ tween June 1 and October 31.
Any notice of nonrenewal will be mailed or delivered to the first Named lnsured's and agent's last known addresses. If notice is mailed, proof of mailing will be sufficient proof of notice.
Any notice of nonrenewal will state the precise reason for nonrenewal.

POLICY NUMBER: D37388956 002	INTERLNE
IL04150498

THIS ENDORSEMENT  CHANGES THE POLICY.   PLEASE  READ IT CAREFULLY.
PROTECTIVE SAFEGUARDS

This endorsement modifies insurance provided under the following:

COMMERCIAL PROPERTY COVERAGE PART FARM COVERAGE PART

SCHEDULE"

Prem.
No.	I Bldg.
No.	J Protective Safeguards
Svmbols Annlicable	
7642 Ballybay Drive, Indianapolis, IN 25707 Westbourne Drive, Katy, TX 1350 Flattop Drive, Mesquite, NV
4876 Barefoot Bridge Road, North Myrtle Beach, SC 103 Whistler's Walk, Bluffton, SC
1550 Artesia Blvd., Prosper, TX
4876 Barefoot Resort Bridge Road #C, North Myrtle Beach, SC
8722 Spurflower Path Lane, Houston, TX Describe any "P-9":	All	"P..1"	
Information required to complete this Schedule, if not shown on this endorsement, will be shown in the Declarations.	

The following is added to the:
Commercial Property Conditions General Conditions in the
Farm Property- other Farm
Provisions Form -Additional Coverages, Conditions, Definitions
General Conditions in the Mobile Agricultural Machinery and Equipment Coverage Form
General Conditions in the Livestock Coverage Form
PROTECTIVE SAFEGUARDS
As a condition of this insurance, you are required to maintain the protective devices or services listed in the Schedule above.
The protective safeguards to which this endorsement applies are identified by the following symbols:

Tanks, their component parts and supports;and
Pumps and private fire protection mains.
When supplied from an automatic fire protective system:
Non-automatic	fire	protective systems; and
Hydrants, standpipes and outlets.
"P-2" Automatic Fire Alarm, protecting the entire building, that is:
Connected to a central station; or
Reporting to a public -or private fire alarm station.
"P-3" Security Service, with a  recording system or watch clock, making hourly

"P-1" Automatic
including services.

Sprinkler	System,
related	supervisory

rounds covering the entire building, when the premises are not in actual operation.

Automatic Sprinkler System means:
Any automatic fire protective or extinguishing system, including connected:
Sprinklers and discharge nozzles;
Ducts, pipes, valves and fittings;

"P-4" Service Contract  with  a  privately owned fire department providing fire protection service to the described premises.
"P-9" The protective system described in the Schedule.

IL04150498	Copyright, Insurance Services Office, Inc., 1997	Page 1 of2	□

The following is added to the EXCLUSIONS section of:
CAUSES OF LOSS - BASIC FORM CAUSES OF LOSS - BROAD FORM CAUSES OF LOSS - SPECIAL FORM MORTGAGE HOLDERS ERRORS AND
OMISSIONS COVERAGE FORM STANDARD PROPERTY POLICY CAUSES OF LOSS FORM - FARM
PROPERTY
MOBILE AGRICULTURAL MACHINERY AND EQUIPMENT COVERAGE FORM
LIVESTOCK COVERAGE FORM

We will not pay for loss or damage caused by or resulting from fire if, prior to the fire, you:
Knew of any suspension or impairment in any protective safeguard listed in the Schedule above and failed to notify us of that fact; or
Failed to maintain any protective safeguard listed in the Schedule above, and over which you had control, in complete working order.
If part of an Automatic Sprinkler System is shut off due to breakage, leakage, freezing conditions or opening of sprinkler heads, notification to us will not be necessary if you can restore full protection within 48 hours.

IL 09 52 03 08

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM

This endorsement modifies insurance provided under the following:

BOILER AND MACHINERY COVERAGE PART COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART EQUIPMENT BREAKDOWN COVERAGE PART FARM COVERAGE PART
STANDARD PROPERTY POLICY

Cap On Certified Terrorism Losses
"Certified act of terrorism" means an act that is certified by the Secretary of the Treasury, in con­ currence with the Secretary of State and the Attor­ ney General of the United States, to be an act of terrorism pursuant to the federal Terrorism Risk Insurance Act. The criteria contained in the Terror­ ism Risk Insurance Act for a "certified act of terror­ ism" include the following:
The act resulted in insured losses in excess of
$5 million in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act; and
The act is a violent act or an act that is dan­ gerous to human life, property or infrastructure and is committed by an individual or individuals as part of an effort to coerce the civilian popu­ lation of the United States or to influence the policy or affect the conduct of the United States Government by coercion.

If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a Program Year (Janu­ ary 1 through December 31) and we have met our insurer deductible under the Terrorism Risk Insur­ ance Act, we shall not be liable for the payment of any portion of the amount of such losses that ex­ ceeds $100 billion, and in such case  insured losses up to that amount are subject to pro rata al­ location in accordance with procedures estab­ lished by the Secretary of the Treasury.
Application Of Exclusions
The terms and limitations of any terrorism exclu­ sion, or the inapplicability or omission of a terror­ ism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Coverage Part or Policy, such as losses ex­ cluded by the Nuclear Hazard Exclusion or the War And Military Action Exclusion.

SIGNATURE  ENDORSEMENT

Named Insured
Community	AssocI	
iations Program		Endorsement	Number	
Policy Symbol
FS	Policy Number
D37388956 002	Policy Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Companv	

THE ONLY SIGNATURES APPLICABLE TO THIS POLICY ARE THOSE REPRESENTING THE COMPANY NAMED ON THE FIRST PAGE OF THE DECLARATIONS.

By signing and delivering the policy to you, we state that it is a valid contract when countersigned  by  our authorized representative.

ILLINOIS UNION INSURANCE COMPANY (A stock company)
525 W. Monroe Street, Suite 400, Chicago, Illinois 60661

WESTCHESTER SURPLUS LINES INSURANCE COMPANY (A stock company)
Royal Centre Two, 11575 Great Oaks Way, Suite 200, Alpharetta, GA 30022

JOHN J. LUPICA. President

L	/A;
CARMINE A. GIGANTI, Secretary

LD-5S23i (12111)

Authorized Representative

m
Claims Directory
Property and Inland Marine
Claims or Loss Notices related to this policy should be reported to the following:

Claim Office	Email and Fax	Location	

ACE
Westchester Claims	
First Notices Email:
WSGPROP-INLCLAIMS@ACEGROUP.COM	
P.O. Box 5119 Scranton, PA 18505-0549	
	
First Notices Fax:
215.640.5057 or
1.877.746.4640

General Correspondence Fax:
1-866-635-5688		

MA-608255p (08/09)	Page 1 of 1

SERVICE OF SUIT ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
Insert the policy number. The remainder of the information is to be completed only when this endorsement is issued subsequent to the preparation of the policy.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Information about service of suits upon the company is given below. Service of process of suits against the company may be made upon the following person, or another person the company may designate:

Saverio Rocca, Assistant General Counsel ACE Group of Insurance Companies
436 Walnut Street
Philadelphia, PA 19106-3703

The person named above is authorized and directed to accept service of process on the company's behalf in any action, suit or proceeding instituted against the company. If the insured requests, the  company  will  give the insured a written promise that a general appearance will be entered on the company's behalf if a suit is brought.

If the insured requests, the company will submit to the jurisdiction of any court of competent jurisdiction. The company will accept the final decision of that court or any Appellate Court in the event of an appeal. However, nothing in this endorsement constitutes a waiver of company's right to remove an action to a United States District
Court, or to seek a transfer of a case to another  court as permitted by the laws of the United States or of any state in the United States.

The law of some jurisdictions of the United States of America requires that the Superintendent, Commissioner or Director of Insurance (or their successor in office) be designated as the company's agent for service of process. In these jurisdictions, the company designates the Director of Insurance as the company's true and lawful attorney upon whom service of process on the company's behalf may be made. The company  also authorizes  the Director of Insurance to mail process received on the company's behalf to the company person named above.

If the insured is a resident of Canada, the insured may also serve suit upon the company by serving  the government official designated by the law of the insured's province.

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY, ALTER, WAIVE OR EXTEND ANY OF THE TERMS, CONDITIONS, OR LIMITATIONS OF THE POLICY TO WHICH THIS ENDORSEMENT IS ATTACHED OTHER THAN AS ABOVE STATED.

Authorized Representative

SL-34255 (09/11)

DISCLOSURE PURSUANT TO TERRORISM RISK INSURANCE ACT

Named Insured
Community Associations Program	Endorsement Number	
Policy Symbol
FS	I	Policy Number
D37388956 002	I	Policy Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
tnsen me policy numuer. 1 ne remamuer o, me tn1orma11on 1s to be como!eted onlv when this endorsement 1!': 1.c:i::11eo i::uoo::i:,n11An( ln triP n,,,.n.cir" '"" n "''"'"''"

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Disclosure Of Premium
In accordance with the federal Terrorism Risk Insurance Act, we are required to provide you with a  notice disclosing the portion of your premium, if any, attributable to coverage for terrorist acts certified  under  the Terrorism Risk Insurance Act. The portion of your premium attributable to such coverage is shown in this endorsement or in the policy Declarations.

Disclosure Of Federal Participation In Payment Of Terrorism Losses
The United States Government, Department of the Treasury,  will pay a share of  terrorism  losses insured under the federal program. The federal share equals 85% of that portion of the amount of such insured losses that exceeds the applicable insurer retention. However, if aggregate insured losses attributable to  terrorist  acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a Program Year (January 1 through
December 31), the Treasury shall not make any payment for any portion of the amount of  such losses  that exceeds $100 billion.

Cap On Insurer Participation In Payment Of Terrorism Losses
If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed
$100 billion in a Program Year (January 1 through December 31) and we  have met our insurer  deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount  of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury.

Terrorism Risk Insurance Act premium: $ Included

Authorized Agent

TRIA11b (1/08)

Includes copyrighted material of Insurance Services office, Inc., with its permission

EARTHQUAKE SPRINKLER LEAKAGE EXCLUSION

Named Insured
Community	Associatiol	
ns Program		Endorsement	Number	
Policy Symbol
FS	Policy Number
037388956 002	Policy Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Companv	

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

This policy does not insure against loss caused directly or indirectly by any of the following. Such loss is excluded regardless of any other cause or event contributing concurrently or in any sequence to the loss.

Loss or damage by sprinkler leakage caused directly by earthquake, earth movement or volcanic eruption.

Definitions

Sprinkler leakage means:

Leakage or discharge of water or other substances from within any automatic sprinkler system, or

Direct loss caused by collapse or fall of a tank forming a part of such system.

Automatic sprinkler system means:

Any automatic fire protective system including sprinklers, discharge nozzles and ducts, pipes, valves, fittings, tanks (including their component parts and supports), pumps and private fire protection mains, all connected with and constituting a part of an automatic protective system; and non-automatic fire protective systems, hydrants, standpipes or outlets supplied from an automatic fire protective system.

All other terms and conditions remain unchanged.

ACE0359 (12/10)	Copyright© 2010 II	Page 1 of 1

TRANSIT ENDORSEMENT

Named Insured
Community Associations Program
I	1 ;; ;; d12	Endorsement Number	
Polley Symbol	Policy Number
FS	D37388956 002	to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.  THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

This Policy is extended to cover Personal Property, as described elsewhere in this Policy, except as excluded by this Policy, while such property is in transit.

It is agreed that coverage under this extension shall include the following;

Personal Property shipped to customers on F.O.B., C & F, or similar terms. The lnsured's contingent interest in such shipments is admitted.

The interest of the Insured in, and legal liability for Personal Property of others in the actual or constructive custody of the Insured.

Personal Property of others sold by the Insured which the Insured has agreed prior to loss to insure during course of delivery.

It is agreed that the following additional exclusions apply to coverage as provided under this extension;

Samples in the custody of salespersons or selling agents.

Property insured under import or export ocean cargo policies.

Waterborne shipments via the Panama Canal and waterborne or airborne shipments to and from Alaska, Puerto Rico, and Hawaii.

{d) Shipments made by air unless via the regularly scheduled airlines.

Property shipped by mail.

Property of others, including the lnsured's legal liability therefore, hauled on vehicles owned, leased, or operated by the Insured when acting as a common or contract carrier as defined by the Interstate Commerce Commission Regulations or other state regulatory agencies.

Any transporting vehicle or conveyance.

This extension of coverage attaches from the time the property leaves the original port of shipment for the commencement of transit and covers thereafter continuously in the due course of transit within the Policy territory until delivered at destination.

Coverage on export shipments not insured under ocean cargo policies does not extend beyond the time when the property is loaded on board overseas vessels or aircraft. Coverage on import shipments not insured under ocean cargo policies does not attach until after discharge from overseas vessels or aircraft.

This extension of coverage does not insure against loss or damage caused by or resulting from delay, loss of market, or Time Element.

In case of loss, the basis of adjustment shall be;

Property shipped to or for the account of the Insured shall be valued at actual invoice to the Insured together with such costs and charges as may have accrued and become legally due thereon;

Property which has been sold by the Insured and has been shipped to or account of the purchaser (if covered hereunder) is valued at the amount of the insured's selling invoice, including prepaid or advanced freight;

Property not under invoice shall be valued at the actual market value at the point of destination on the date of occurrence, less any charges saved which would have become due and payable upon delivery at destination;

Property of the Insured not under invoice shall be valued in accordance with the valuation provisions of the Policy applying at the location from which such property is being transported, less any charges saved which would have become due and payable delivery at destination.

Permission is granted the Insured without prejudice to this insurance to accept the ordinary bills of lading used by carriers, including released and/or undervalued bills of lading and/or shipping or messenger receipts; and the Insured may waive subrogation against railroads under side track agreements; and the Insured shall not enter into any special agreement with carriers releasing them from their common law or statutory liability.

Payment made hereunder shall be subject to the Sub-limit of Liability, if any, specified elsewhere in this Policy.

All other terms and conditions remain unchanged.

VALUABLE PAPERS ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Polley Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Companv	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.  THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

The following is added to Covered Property:

1) Valuable Papers and Records

Valuable papers and records" means inscribed, printed or written documents, manuscripts or records, including abstracts, books, deeds, drawings, films, maps or mortgages.

But "valuable papers and records" does not mean "money" or "securities", converted data, programs or instructions used in your data processing operations, including the materials on which the data is recorded.

All other terms and conditions remain unchanged.

POLLUTION CLEAN-UP AND REMOVAL SUB-LIMIT ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Comoanv	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING:
BUILDING AND PERSONAL PROPERTY COVERAGE FORM

CONDOMINIUM ASSOCIATION COVERAGE FORM

Schedule:

$ See ACE0377	Per Occurrence Annual Aggregate

Section A., 4, d. Pollutant Clean Up and Removal, is deleted in its entirety and replaced as follows:

d. Pollutant Clean Up And Removal

We will pay your expense to extract "pollutants" from land or water at the described premises if the discharge, dispersal, seepage, migration, release or escape of the "pollutants" is caused by or results from a covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the date on which the covered Cause of Loss occurs.

This coverage does not apply to costs to test for, monitor or assess the existence, concentration or effects of "pollutants". But we will pay for testing which is performed in the course of extracting the "pollutants" from the land or water.

The most we will pay under this coverage for each described premises is the limit shown in the Schedule for the sum of all covered expenses arising out of Covered Causes of Loss occurring during each separate 12 month period of this policy. The amount shown in the Schedule is not an additional limit of insurance but is included in the Limit of Insurance applicable to the covered property that has sustained loss or damage.

All other terms and conditions remain unchanged.

BACK UP OF SEWER AND DRAIN ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.  THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: CAUSES OF LOSS - SPECIAL FORM

Section B. EXCLUSIONS, item g., (3) is deleted subject to the limit of liability specified below

Sub Limit:	$ See ACE0377	per occurrence and annual aggregate All other terms and conditions remain unchanged

FINE ARTS ENDORSEMENT

Named Insured

Community  AssociatioI	
ns Program		Endorsement Number	
Policy Symbol
FS	Policy Number
D37388956 002	Polley Period
08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

Coverage is extended to insure Fine Arts being paintings, etchings, pictures, tapestries, and other bona fide works of art (such as statuary, marbles, bronzes, antique furniture, rare books, antique silver, manuscripts, porcelains, rare glass and bric-a-brac) of rarity, historical value or artistic merit.

It is agreed that Fine Arts shall include unspecified Fine Arts. However, if such property cannot be replaced with other of like kind and quality then such property will not be considered unspecified and must be specifically declared and described in order to be covered under this extension of coverage.

In the event of loss or damage covered under this endorsement the liability of this Company shall not exceed the lesser of:

The cost to repair or restore the article to the condition that existed immediately prior to the loss; or

The cost to replace the article; or

The value designated for the article on the Schedule of Fine Arts.

In the event of loss or damage by a peril insured against to any article or articles of fine arts which are a part of a pair or set, the measure of loss or damage to such article or articles shall be a reasonable and fair proportion of the total value of the pair or set, giving consideration to the importance of said article or articles, but in no event shall such loss or damage be construed to mean total loss to the pair or set.

Payment made hereunder shall be subject to the Sublimit of Liability, if any, specified elsewhere in this Policy. All other terms and conditions remain unchanged.

POLICY NUMBER: D37388956 002	COMMERCIAL PROPERTY CP04170607

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
UTILITY SERVICES - DIRECT DAMAGE
This endorsement modifies insurance provided under the following:

BUILDING AND PERSONAL PROPERTY COVERAGE FORM BUILDERS' RISK COVERAGE FORM
CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT-OWNERS COVERAGE FORM STANDARD PROPERTY POLICY
TOBACCO SALES WAREHOUSES COVERAGE FORM

SCHEDULE

Prem. No.	

Bldg. No.	

Utility Services Limit Of Insurance	
Enter "X" for each annlicable Prooertv	

Water Supply Property	
Commun ication Supply Property (including overhead transmissi
on lines\	Commun ication Supply Property (not including overhead transmissi
on lines)	

Power Supply Property (including overhead transmissi
on lines)	
Power Supply Property (not including overhead transmissi
on lines)	
All	All	$ SeeACE0377					X	
Covered Property:	Per Location shown on Form CPd2 (06/02)	
Causes Of  Loss Form Applicable:	Special	
		$						
Covered Property:	
Causes Of Loss Form Applicable:	
		$						
Covered Property:	
Causes Of Loss Form Applicable:	
Information required to complete this Schedule, if not shown above, will be shown in the Declarations.	

Coverage
We will pay for loss of or damage to Covered Property described in the Schedule, caused by an interruption in utility service to the described prem­ ises. The interruption in utility service must result from direct physical loss or damage by a Covered Cause of Loss (as indicated in the Schedule) to the property described in Paragraph C. if such property is indicated by an "X" in the Schedule.
Exception
Coverage under this endorsement for loss or damage to Covered Property does not apply to loss or damage to electronic data, including de­ struction or corruption of electronic data. The term electronic data has the meaning set forth in the Coverage Form to which this endorsement ap­ plies.
Utility Services
Water Supply Services, meaning the follow­ ing types of property supplying water to the de­ scribed premises:
Pumping stations; and
Water mains.
Communication Supply Services, meaning property supplying communication services, in­ cluding telephone, radio, microwave or televi­ sion services to the described premises, such as:
Communication transmission lines, includ­ ing optic fiber transmission lines;

Coaxial cables; and
Microwave radio relays except satellites.
It does not include overhead transmission lines unless indicated by an "X" in the Schedule.
Power Supply Services, meaning the follow­ ing types of property supplying electricity, steam or gas to the described premises:
Utility generating plants;
Switching stations;
Substations;
Transformers; and
Transmission lines.
II does not include overhead transmission lines unless indicated by an "X" in the Schedule.
If a Utility Services Limit Of Insurance is shown in the Schedule, such limit is part of, not in addition to, the Limit of Insurance stated in the Declara­ tions or in the Separation Of Coverage endorse­ ment as applicable to the Covered Property.
If no Limit of Insurance is shown for Utility Ser­ vices, coverage under this endorsement is subject to the applicable Limit of Insurance on the Cov­ ered Property as shown in the Declarations or in the Separation Of Coverage endorsement. But this Utility Services endorsement does not increase the applicable Limit of Insurance.

POLICY NUMBER: D37388956 002	COMMERCIAL PROPERTY CP14301000

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

OUTDOOR TREES, SHRUBS AND PLANTS
This endorsement modifies insurance provided under the following:

BUILDERS' RISK COVERAGE FORM
BUILDING AND PERSONAL PROPERTY COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT-OWNERS COVERAGE FORM STANDARD PROPERTY POLICY

SCHEDULE*

Prem. No.	Bldg.	Limit Of Insurance
No.    	
Each	Each	Each	All Tree	Shrub	Plant	Items	Causes Of Loss Form Applicable	
Vehicle Exclusion	
Additional Premium	
All	All	See form
ACE0377	Special		Included	
*Information required to complete this Schedule, if not shown on this endorsement, will be shown in the
Declarations.	

The following is added to Covered Property:
Outdoor trees, shrubs and plants at locations described in the Schedule.
The following is deleted from Property Not Covered:
"Trees, shrubs or plants"
The most we will pay for loss or damage to covered trees, shrubs and plants in any one occurrence is the Limit of Insurance for All Items, subject to the separate limit applicable to Each Tree, Shrub or Plant, shown in the Schedule.

Outdoor trees, shrubs and plants are subject to all applicable provisions of the Causes Of Loss Form indicated in the Schedule, as well as to the following exclusions:
We will not pay for loss or damage to outdoor trees, shrubs or plants, caused by or resulting from any of the following:
Dampness or dryness of atmosphere;
Changes	in or extremes of temperature; or
Rain, snow, ice or sleet.

If the Vehicle Exclusion option is designated in the Schedule by an "X", we will not pay for loss or damage caused by vehicles to outdoor trees, shrubs or plants.

DEBRIS REMOVAL ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	PoHcy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Companv	

THIS ENDORSEMENT  CHANGES  THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: BUILDING AND PERSONAL PROPERTY COVERAGE FORM
CONDOMINIUM ASSOCIATION COVERAGE FORM

Schedule:

$ See ACE0377 per occurrence or 25% of the loss amount, whichever is less. Section A., 4, a. Debris Removal, is deleted in Its entirety and replaced as follows:
Debris Removal

Subject to Paragraph (3), we will pay your expense to remove debris of Covered Property caused by or resulting from a Covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the date of direct physical loss or damage.

Debris Removal does not apply to costs to:

Extract "pollutants" from land or water; or

Remove, restore or replace polluted land or water.

The following provision applies:

The most we will pay for the total of direct physical loss or damage plus debris removal expense is the Limit of Insurance applicable to the Covered Property that has sustained loss or damage.

(Ifa percentage amount is shown above it is a percentage of the sum of the deductible plus the amount that we pay for direct physical loss or damage to the Covered Property that has sustained direct physical loss or damage)

All other terms and conditions remain unchanged.

CANCELLATION PROVISION ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Companv	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

With respects to all coverage parts and policies addressed, the cancellation conditions contained in the Cancellation and Non-Renewal Form No. IL0249 And in the Common Policy Conditions Form No. IL0017 (11/98) are amended as follows:

We may cancel this policy by giving, mailing or delivering to the First Named Insured and Agent, if any, written notice of cancellation at least 60 days before the effective date of cancellation if we cancel for any other reason.

All other terms and conditions remain unchanged.

DEFINITION OF LOSS OCCURRENCE ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY.  THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: COMMERCIAL PROPERTY COVERAGE PART
COMMERCIAL INLAND MARINE COVERAGE PART

The following definition is added to this policy; supersedes any other definition, express or implied, of the term "Loss Occurrence" in any term, provision or endorsement to this policy; and applies not withstanding such term, provision or endorsement:

"Loss Occurrence" means the sum of all individual losses arising out of and directly caused by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs anywhere within the Coverage  Territory.   The  duration  and  extent  of any  one  Loss  Occurrence  will be limited to  all individual  losses
sustained by the Insured occurring during any period of 72 consecutive hours arising out of and directly caused by the same event, except:
As regards Windstorm (including Tier 1 Counties), Flood, Hail or Tornado, including ensuing collapse, Flood and Water Damage: all individual losses sustained by the Insured occurring during any period of 96 consecutive hours arising out of and directly caused by the same event.
As regards the perils of riot, strike or civil commotion, vandalism and malicious mischief, including losses from all other perils covered hereunder following as a result of the aforesaid perils: all losses or series of losses occurring during any period of 72 consecutive hours arising out of and directly caused by the same event. The maximum duration of 72 consecutive hours may be extended in respect of individual losses which occur beyond such 72 consecutive hours during the continued occupation of the lnsured's premises by strikers, provided such occupation commenced during the aforesaid period.
As regards the peril of Earthquake, including losses from all other perils covered hereunder following as a result of Earthquake: only those individual losses covered hereunder, which commence during the period of 168 consecutive hours, may be included in the Loss Occurrence.
As regards the peril of freeze: only those individual losses directly caused by collapse, breakage of glass, water and/or liquid damage due to burst pipes tanks or pressure vessels; damage to machinery or equipment, stock and/or work in progress due to freeze; and/or individual losses arising directly out of the lack of supply of power, current, coolant and/or fuel due to frozen pipes and/or frozen feed lines may be included in the Loss Occurrence.
Except for those Loss Occurrences referred to in sub-paragraphs A. and B. above, the Insured may chose the date and time when such period of consecutive hours commences, provided that it is not earlier than the date and time of the occurrence of the first recorded individual loss sustained by the Insured arising out of that disaster, accident or loss and provided that only one such period of consecutive hours will apply with respect to one event.
However, as respects those Loss Occurrences referred to in sub-paragraphs A. and B. above, if the disaster, accident or loss occasioned by the event is of greater duration than the specified period of consecutive hours, then the Insured may divide that disaster, accident or loss into two or more Loss Occurrences, provided no two periods overlap and no individual loss is included in more than one such period and provided that no period commences earlier than the date
and time of the occurrence of the first recorded individual loss sustained by the Insured arising from that disaster, accident or loss.

ACE0681 (10/11)	Copyright 2011m

Page 1 of 2

However, we shall not be liable hereunder for any loss or damage:
Occurring before this policy becomes effective; or
Arising from an "occurrence" which is in progress at the time this policy becomes effective, even if such loss or damage occurs after this policy becomes effective; or
Occurring after the expiration of this policy, except loss or damage arising from an "occurrence" in progress at the time this policy expires.

This provision in no way alters any Policy Limit of Liability or Sub-limit of Liability.

All other terms and conditions remain unchanged.

ACE0681 (10/11)	Copyright 2011 ii

Page 2 of 2

NEWLY ACQUIRED OR CONSTRUCTED PROPERTY SUB-LIMIT ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Polley Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: BUILDING AND PERSONAL PROPERTY COVERAGE FORM
CONDOMINIUM ASSOCIATION COVERAGE FORM

Schedule:
Sub-limits of Insurance:

$ Not Applicable
$ Not Applicable
$ See ACE 0377

Per Occurrence for Building
Per Occurrence for Business Personal Property
Per Occurrence for Building And Business Personal Property Combined

Section A. Coverage, 5. Coverage Extensions, a. Newly Acquired or Constructed Property, (1) & (2), are deleted in their entirety and replaced as follows:

Buildings

If this policy covers Building and a Limit of Insurance is shown in the Schedule above, you may extend that insurance to apply to:

Your new buildings while being built on the described premises, intended for: (i).Similar use as the building described in the Declarations; or
(ii).	Use as a warehouse.

Buildings you acquire at locations, other than the described premises, intended for: (i).Similar use as the building described in the Declarations; or
(ii).	Use as a warehouse.

Your Business Personal Property

If this policy covers Your Business Personal Property and a Limit of Insurance is shown in the Schedule above, you may extend that insurance to apply to:

ACE0541 (08/11)	Copyright 2011 fl	Page 1 of 2

Business personal property, including such property that you newly acquire, at any location you acquire other than at fairs, trade shows or exhibitions;

Business personal property, including such property that you newly acquire, located at your newly constructed or acquired buildings at the location described in the Declarations; or

Business personal property that you newly acquire, located at the described premises. (b). This Extension does not apply to:
Personal property of others that is temporarily in your possession in the course of installing or performing work on such property; or

Personal property of others that is temporarily in your possession in the course of your manufacturing or wholesaling activities.

The most we will pay for loss or damage under this Extension for buildings and business personal property is shown in the Schedule above. The maximum Limit of Insurance is stated in the Commercial Property coverage part declaration Page; however, if a Sub-limit of Liability is staled below or elsewhere in this Policy, the lesser limit shall apply. The Sub-limit(s) are the most the Company will pay in any one occurrence for various extensions, endorsements, coverage Parts, Perils, causes of Loss or locations. If an annual aggregate is provided, the occurrence Sub-limit of Insurance is the most the Company will pay in any one-policy year for such extensions, endorsement, coverage parts, Perils, causes of Loss or locations. The Sub-limit(s) are part of and not in addition to the Limit of Insurance. The Sub-limit(s) do not increase the Limit of Insurance or any other Sub-limit.

The coverage provided under this endorsement has a time limitation of 90 days from the date the property is acquired or you become responsible to insure ii. After that time, coverage will revert to that for Unnamed locations, and may be subject to a lower Sub-limit of Liability.

All other terms and conditions remain unchanged

ORDINANCE OR LAW SUB-LIMIT ENDORSEMENT

Named Insured
Community Associations Program
I	Endorsement Number	
Policy Symbol
FS	Policy Number	Policy Period
D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT CHANGES THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: ORDINANCE OR LAW COVERAGE FORM
Ordinance or Law Coverage provided in Form CP0405 under this policy will apply as follows and shall be included in the per occurrence Limit of Liability:

Schedule:

Premises No. All /Building No. All

$ Included
$ Not Applicable
$ Not Applicable
$ See ACE0377

Per Occurrence sub-limit applies to Coverage A Per Occurrence sub-limit applies to Coverage B Per Occurrence sub-limit applies to Coverage C
Per Occurrence sub-limit applies to Coverage S&C Combined

Paragraph "F" Page 4 of 4 of Ordinance or Law Coverage Form is deleted in its entirety.

The maximum Limit of Insurance is stated in the Commercial Property coverage part declaration Page; however, if a Sub-limit of Liability is stated above or elsewhere in this Policy, the lesser limit shall apply.

The Sub-limit(s) are the most the Company will pay in any one occurrence for various extensions, endorsements, coverage parts, perils, causes of loss or locations. If an annual aggregate is provided, the Annual Aggregate Sub-limit of Insurance is the most the Company will pay in any one-policy year for such extensions, endorsement, coverage parts, perils, causes of loss or locations, regardless of the number of Occurrences.

The Sub-limit(s) are part of and not in addition to the Limit of Insurance. The Sub-limit(s) do not increase the Limit of Insurance or any other Sub-limit.

All other terms and conditions remain unchanged.

FIRE DEPARTMENT SERVICE CHARGE SUBLIMIT ENDORSEMENT

Named Insured
Community Associations Program
I	I	Endorsement Number	
Policy Symbol	Policy Number	Policy Period
FS	D37388956 002	08/01/2012 to 08/01/2013	Effective Date of Endorsement	
Issued By (Name of Insurance Company)
Illinois Union Insurance Company	

THIS ENDORSEMENT  CHANGES  THE POLICY.  PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: BUILDING AND PERSONAL PROPERTY COVERAGE FORM
CONDOMINIUM ASSOCIATION COVERAGE FORM

Section A. Coverage 4. Additional Coverages, c. Fire Department Service Charge is deleted in its entirety and
replaced as follows:

When the fire department is called to save or protect Covered Property from a Covered Cause of Loss, we will pay up to
$ See ACE0377 for your liability for fire department service charges:

Assumed by contract or agreement prior to loss; or

Required by local ordinance.

No deductible shall apply to this coverage

The Sub-limit{s) are part of and not in addition to the Limit of Insurance. The Sub-limit(s) do not increase the Limit of  Insurance or any other Sub-limit.

All other terms and conditions remain unchanged.

General Endorsement
ACE A - Personal Property of Others

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS
Endorsement Number:

Policy Period: 08/01/2012 to 08/01/2013

Policy Number: D37388956 002
Effective date of Endorsement:

Issued by:	IJJinois Union Insnrance Company
(Name of Insurance Company)

This Endorsement changes the policy - Please read it carefully
This endorsement modifies insurance provided under the following:

Condominium Association	COVERAGE FORM

Endorsement Information

Personal Property of Others

This endorsement modifies insurance provided under the following:

Condominium Association Coverage Form CP 00 17

Clause 5. Coverage Extensions
Personal Effects and Property of Others
(2) Personal property of others in your care, custody or control

The most we will pay for loss or damage under this extension is (see ACE0377) at each described premises.

Page 1 of 1
Fonn CC-3RI 9 (7/97)

Authorized Agent	m

General Endorsement
ACE B - Additional Exclusions

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Period: 08/01/2012 to 08/01/2013

Policy Number: D37388956 002

Effective date of Endorsement:

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy- Please read it carefully This endorsement modifies insurance provided under the following:

Commercial Property	COVERAGE FORM

Endorsement Information

The following exclusions are made a part of this policy: Golf Courses (greens, tees, fairways)
Buildings under course of construction

Newly Acquired coverage for locations in Tier 1 wind counties

Page 1 ofl

Authorized Agent	m

General Endorsement
ACE C - Emergency Vacating Expense

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Number: D37388956 002

Effective date of Endorsement:

Policy Period: 08/01/2012 to 08/01/2013

Issued by:	Illinois Union Insurance Company
(Name of Insurance Company)

This Endorsement changes the policy - Please read it carefully This endorsement modifies insurance provided under the following:

Commercial Property	COVERAGE FORM

Endorsement Information

Page 1 of I

The insurance provided by this Coverage Form is extended to apply to the reasonable and
necessary expenses you incur when a civil authority orders the emergency vacating of:

Residents; tenants; or
Lawful occupants;

from the premises described in the Declarations as a direct result of immediately impending
physical loss or damage of the type insured by this policy,

No coverage is provided if the emergency evacuation results from:

A strike, bomb threat or false fire alarm, unless vacating is ordered by a civil authority;
A planned vacating drill; or
The vacating of one or more residents or tenants that is due and confined to their individual medical condition;

The most we will pay for Emergency Vacating Expense in any one occurrence under this
Extension is $5,000.

Authorized Agent	m

General Endorsement ACE D - Outdoor Property

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Period: 08/01/2012 to 08/01/2013

Policy Number: D37388956 002 Effective date of Endorsement:

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy - Please read it carefully This endorsement modifies insurance provided under the following:

Condominium Association	COVERAGE FORM

Endorsement Information

Outdoor Property

It is hereby understood and agreed that the following Is added as Covered Property in form CP0017, Paragraph A.1.a.:

Fences Entry walls Signs
Playground Equipment

Covered Perils:
We will pay for loss or damage to fences, entry walls, signs and playground equipment caused by the following perils only:

Fire or lightning damage

Windstorm or hail damage but not including:

Frost or cold weather;

Ice (other than Hail), snow or sleet, whether driven by wind or not

Smoke causing sudden and accidental loss or damage. This cause of loss does not include smoke from agricultural smudging or industrial operations

Aircraft damage

m

Vehicle damage. We will not pay for loss or damage caused by or resulting from vehicles you own or which are operated in the course of your business

Page 1 of2
Fonn CC-3Rl9 (7/97)

Authorized Agent

General Endorsement
ACE D - Outdoor Property Continued

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Number: D37388956 002

Effective date of Endorsement:

Policy Period: 08/01/2012 to 08/01/2013

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy - Please read it carefully This endorsement modifies insurance provided under the following:

Condominium Association	COVERAGE FORM

Endorsement Information

Riot or civil commotion

Vandalism, meaning willful and malicious damage to, or destruction of, the described property. We will not pay for loss or damage caused by or resulting from theft, except for building damage caused by the breaking in or exiting of burglars

Volcanic eruption

All other terms and conditions remain unchanged

Page 2 of 2
Fonn CC-JR!9 (7/97)

Authorized Agent	ii

General Endorsement ACE E - Amendment

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Period: 08/01/2012 to 08/01/2013

Policy Number: D37388956 002

Effective date of Endorsement:

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy - Please read it carefully This endorsement modifies insurance provided under the following:

Condominium Association	COVERAGE FORM

Endorsement Information

The following amendments is made a part of this policy:

CONDOMINIUM ASSOCIATION COVERAGE FORM

Additional Covered Property Provided under CP 00 17 (06/07)

The following is withdrawn from Property Not Covered (A.2.g.) and added to Covered Property (A.1.a.).

Foundations

Page 1 of I

Authorized Agent	m

General Endorsement
ACE F - Reporting Values Endorsement

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Number: D37388956 002

Effective date of Endorsement:

Policy Period: 08/01/2012 to 08/01/2013

Issued by:	Illinois Union Insurance Company
(Name of Insurance Company)

This Endorsement changes the policy- Please read it carefully This endorsement modifies insurance provided under the following:

Commercial Property	COVERAGE FORM

Endorsement Information

You are required to report any properties and their specific values that have been completed and issued a certificate of occupancy or its equivalent subsequent to the effective date of this policy and for which the homeowners association is required to purchase and maintain property insurance in accordance with the applicable homeowners association bylaws or its equivalent within 90 days of completion and issuance of a certificate of occupancy or its equivalent.

You are required to remit additional premium for the increased values.

We will not pay for any loss or damage to any properties that are not reported consistent with the reqnirements set forth in this endorsement.

All other terms and conditions remain nnchanged.

Page 1 of I

Authorized Agent	m

General Endorsement
ACE G - Additional Conditions

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Number: D37388956 002

Effective date of Endorsement:

Policy Period: 08/01/2012 to 08/01/2013

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy- Please read it carefully This endorsement modifies insurance provided under the following:

Commercial Property	COVERAGE FORM

Endorsement Information

Pagel oft

$5,000 per location per occurrence snblimit Outdoor Property applies to the following locations:

Ardrey Chase HOA, 4229 Paxton Run Road, Charlotte, NC 28227

Baynard Park & Parkside Rec, 81 Bainbridge Way/20 Marsh Creek Drive, Bluffton, SC 29910

Baynard Park Property Owners Assn, 20 Spring Meadow Drive, Bluffton, SC 29910 Bridgetown at Plantation HOA, 12950 Kentfield Lane, Ft. Meyers, FL 33913
Emerson Square Community Association, Inc., 5601 Emerson Square Blvd., Fort Meyers, FL 33908

Fieldstone Farms HOA, 3008 Gray Farm Road, Indian Trail, NC 28079

The Presidio Homeowners, 10835 Arguello Trial NE, Albuquerque, NM 87124 Willow Creek HOA, 873 Willow Creek Drive, Gastonia, NC 28054
Woodbury HOA, 7108 Bear Grass Lane, Charlotte, NC 28277

Authorized Agent	m

General Endorsement
ACE H - Ingress Egress Time Element Endorsement

General Policy
Information

Named Insured: Community Associations Program

Policy Symbol: FS Endorsement Number:

Policy Number: D37388956 002 Effective date of Endorsement:

Policy Period: 08/01/2012 to 08/01/2013

Issued by:	Illinois Union Insurance Company
(Name oflnsurance Company)

This Endorsement changes the policy- Please read it carefully This endorsement modifies insurance provided under the following:

Commercial Property	COVERAGE FORM

Endorsement Information

Page I of2

This Policy is extended to cover the Actual Loss Sustained by the Insured because of the necessary interruption of the lnsured's business due to physical prevention of ingress to or egress from an Insured Location, where such physical prevention:
occurs at or within m statutory mile of such Insured Location, whether or not the premises or property of the Insured is damaged, and

is a direct result of physical damage of the type insured by this Policy, to the kind of property not excluded by this Policy.

The amount of coverage provided under this Ingress/Egress coverage extension will be the lesser of:

the Actual Loss Sustained from the time that such physical prevention of ingress to or egress from the affected Insured Location begins and ending at the earlier of:

the time when the physical prevention of ingress to  or egress from an Insured Location described in sub-paragraph a. above ends, in whole or part, or

the expiration of a Time Limit of ;!Q_consecutive days; or

the Sub-Limit of Liability for Ingress/Egress Time Element shown in Sub-Limit Provision Endorsement.
Authorized Agent	m

General Endorsement
ACE H - Ingress Egress Time Element Endorsement Continued

General Policy Information

Named Insured: Community Associations Program

Policy Symbol: FS

Endorsement Number:

Policy Period: 08/01/2012 to 08/01/2013

Policy Number: D37388956 002 Effective date of Endorsement:

Issued by:	Illinois Union Insurance Company
(Name of Insurance Company)

This Endorsement changes the policy- Please read it carefully This endorsement modifies insurance provided under the following:

   Commercial Pro		COVERAGE FORM

Endorsement
Information	c.	With respect to this Ingress/Egress coverage extension, the following
exclusions apply:

This Policy does not insure loss resulting from:

lack of incoming or outgoing service consisting of electric, fuel, gas, water, steam, refrigerant, sewerage, voice, data, or video.

picketing or other action by strikers except for physical damage not excluded by this Policy.

physical loss or damage caused by or resulting from an Act of Terrorism, regardless of any other cause or event, whether or not insured under this Policy, contributing concurrently or in any other sequence to the loss.

Coverage under this coverage extension does not apply for more than the number of consecutive days shown in the Sub-Limit Provision Endorsement.

	Coverage under this coverage extension is subject to a Waiting Period of 168 hours. If no waiting period is provided, coverage under this coverage extension    is    subject   to    the   applicable    Deductible  shown   in	the Declarations.

This coverage extension does not apply if there is coverage for the loss under Civil Authority.

Page2 of2
Fonn CC-JR!9 (7/97)

All other terms and conditions of the policy remain unchanged.
Authorized Agent	ii

m

ACE Producer Compensation Practices & Policies

ACE believes that policyholders should have access to information about ACE's practices and policies related  to the payment of compensation to brokers and independent agents. You can obtain that information  by accessing our website at http://www.aceproducercompensation.com or by calling the following toll-free telephone number: 1-866-512-2862.

IL P 001 01 04

U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC")
ADVISORY NOTICE TO POLICYHOLDERS

No coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of your pol­ icy. You should read your policy and review your Declarations page for complete information on the coverages you are provided.
This Notice provides information concerning possible impact on your insurance coverage due to directives issued by OFAC. Please read this Notice carefully.
The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on Presidential declarations of "national emergency". OFAC has identified and listed numerous:
Foreign agents;
Front organizations;
Terrorists;
Terrorist organizations; and
Narcotics traffickers;
as "Specially Designated Nationals and Blocked Persons". This list can be located on the United States Treasury's web site - http//www.treas.gov/ofac.
In accordance with OFAC regulations, if it is determined that you or any other insured, or any person or entity claiming the benefits of this insurance has violated U.S. sanctions law or is a Specially Designated National and Blocked Person, as identified by OFAC, this insurance will be considered a blocked or frozen contract and all provisions of this insurance  are immediately subject to OFAC. When an insurance policy is considered  to be such a blocked or frozen contract, no payments nor premium refunds may be made without authorization from OFAC. Other limitations on the premiums and payments also apply.

IL P 003 07 05

FLOOD COVERAGE ADVISORY NOTICE TO POLICYHOLDERS

THIS POLICY DOES NOT COVER DAMAGE FROM FLOOD.
FOR INFORMATION ABOUT FLOOD INSURANCE, PLEASE CONTACT THE NATIONAL FLOOD INSURANCE PROGRAM OR YOUR INSURANCE AGENT.

IL P 003 07 05	© ISO Properties, Inc., 2005	Page 1 of1	□