The URL can be used to link to this page

Browse Search

Home My WebLink About000311.tiff CTSI Colorado Counties Casualty and Property Pool 2018 Excess Property Policy Layered Policy-Various Carriers Westchester Surplus Lines Ins. Co. (Lead Carrier) Policy No. D3809543200 Summaries are brief outlines of the coverages afforded under the insurance policies. Since summaries are for informational purposes only, they should not be construed to constitute the entire insurance contracts. As the policies may contain additional coverages and restrictions, the exact wording should be consulted. Brief Summary of Property Deductibles This information is provided to present counties with a simple overview of county deductibles in the pool. It does not provide information on limits. The pool insuring agreements contain actual coverages and limits. The county has a $500 deductible for property claims. The pool pays up to $150,000 of each claim CAPP's excess insurance carriers pay up to $100 million per property claim unless otherwise stated in the CAPP Insuring Agreements. Colorado Counties Casualty and Property Pool Named Insured Schedule Colorado Counties Casualty and Property Pool including the following members: Alamosa Gilpin Ouray Archuleta Grand Park Baca Gunnison Phillips Bent Hinsdale Prowers Chaffee Huerfano Pueblo Cheyenne Jackson Rio Blanco Clear Creek Kiowa Rio Grande Conejos Kit Carson Routt Costilla Lake Saguache Crowley La Plata San Juan Custer Las Animas San Miguel Delta Lincoln Sedgwick Dolores Logan Summit Eagle Mineral Teller Elbert Moffat Washington Fremont Montrose Weld Garfield Morgan Yuma Otero NOTE: Any entity not named as an insured may not be covered under this policy. This may include Partnerships and Joint Ventures. I Ii ��-.4L��ILT I�-.,7i '5[IIL:U.:I,I 17; 11511, I'll 2018 CAPP Property Summary CAPP Summary Page 1 2 Colorado Counties Casualty and Property Pool Property Program (LayeredlQuota Share Basis) Policy Period: January 1,2018 to January 1,2019 Carriers: See Below Carrier Policy Huinbc Limn %P*rticipat[on Westchester surplus Lines Ins.Co. D38095432001 $2,000,000 part of$10,000,000 20% (Lead Carrier) Certain UWs at Lloyds London(various L=11110039518 $5,500,000 part of$10,000,000 55% Syndicates) Peleus Insurance Company BPR180001 $2,500,000 part of$10,000,000 25% Liberty Surplus Insurance Corporation 10027847001 $7,500,000 part of$15,000,000 50% Excess of$10,000,000 Certain UWs at Lloyds London(various EW0039418 $4,500,000 part of$15,000,000 30% Syndicates) Excess of$10,000,000 Westchester Surplus Lines Insurance Co. D38095432001 $3,000,000 part of$15,000,000 20% Excess of$10,000,000 Homeland Insurance Company of New 795007027 $75,000,000 Excess of 100% York $25,000,000(Primary and 1st Excess) Endurance American Specialty Insurance IMU10012212600 Excess Auto Physical Damage 100% Company $4,000,000 Per Occurrence Excess of$1,000,000 Per Occurrence(sublimit within the Primary Policy) Named Insured: Colorado Counties Casualty and Property Pool,any official,trustee or employee of the Named Insured while acting within the scope of his duties as such,and any person, organization,trustee or estate to whom the Named Insured is obligated by virtue of written contract or agreement to provide insurance such as is offered by this Insurance,but only in respect to operations by or on behalf of the Named Insured Covered Property: Real Property, Personal Property,Automobile Physical Damage, and Business Interruption Covered Locations: Per the Statement of Values on file with the carrier(s) Policy Limits: Amounts Coverages $ 100,000,000 Per occurrence subject to"'allowing sub-limits Sublimits: $ 25,000,000 In the Aggregate for any one policy year of Earthquake $ 5,000,000 In the Aggregate for any one policy year for Flood loss in Zones A, AO,AE,AH,Al-30,A99,AR $ 50,000,000 In the Aggregate for any one policy year for all Other Flood Combined $ 25,000,000 Newly acquired property with values in excess of$25,000,000 are to be reported to the Company within 90 days of acquisition $ 250,000 Accounts Receivable $ 5,000,000 Automobile Physical Damage—Over the Road $ 5,000,000 Builders' Risk, renovations,repairs made by the Insured at any location(including new locations with total contract cost under $5,000,000)within the territorial limits of the policy,any one occurrence Arthur J.Gallagher Risk Management StIvices,Inc 2018 CAPP Property Summary CAPP Summary Page 2 3 Colorado Counties Casualty and Property Pool Property Program (Layered/Quota Share Basis) (Continued) Policy Limits(Cont'd): Amounts Csaverages $ 1,000,000 Builder's Risk Soft Costs/Additional Expenses $ 500,000 Business Income(applies to all members) 30 days Ordinary Payroll $ 50,000 Personal Property of Others while on the Insured's property $ 2,500,000 Miscellaneous Unnamed Locations $ 1,000,000 Errors and Omissions $ 10,000,000 Contractors Equipment subject to maximum of$1,500,000 Per Item $ 5,000,000 Fine Arts subject to a maximum$500,000 per item $ 250,000 Furs,Jewelry, Precious Stones and Metals $ 10,000,000 Service Interruption (5 mile limitation) $ 1,000,000 Fire Fighting Materials(Fire Brigade and Extinguishing Expenses) $ 10,000,000 Ordinance Deficiency Extra Expense—No monthly limitation based on period of restoration $ 10,000,000 as defined in the policy $ 1,000,000 Property In Transit In the Aggregate Pollution Clean Up and Removal,each County $ 25,000 listed as a Named Insured,subject to$1,500,000 Annual Aggregate $ 100,000 Professional Fees $ 100,000 Trees and Shrubs $ 25,000 Mold/Fungus Exclusion with exception Endorsement $ 250,000 Civil Authority--4 weeks maximum $ 250,000 Ingress/Egress—4 weeks maximum Deductibles&Waiting $ 150,000 Per Occurrence except Periods: $ 150,000 Per Occurrence-Earthquake 2%Per Buildings/Structure As respects locations wholly or partially within a Flood Zone of the sum of all values A area(as defined by FEMA) listed in the SOV on file with the Company for each separately identifiable building or structure that has sustained a loss or damage;subject to minimum deductible of $1,000,000 Per Occurrence 2% Per Building/Structure Wind/Hail of the sum of all values listed in the SOV on file with the Company for each separately identifiable building or structure that has sustained a loss or damage;subject to a minimum deductible of $150,000 Per Occurrence 24 hour and 5 mile Service Interruption distance limitation 180 Days Expended Period of Indemnity(Business Interruption) . thus J.Gallagher Risk Management Services, 2018 CAPP Property Summary CAPP Summary Page 3 4 Surplus Lines Declarations Westchester A Chubb Company Policy No. D38095432 001 Renewal of: NEW NAMED INSURED & MAILING ADDRESS (Lead Carrier) Colorado Counties Casualty and Property Pool C/o CTSI Placed by: 800 Grant Street, Suite 400 Denver, CO 80203 Risk Placement Services, Inc. POLICY PERIOD When Coverage Begins: 01/01/2018 12:01 A. M. Local Time At Named Insured's Address When Coverage Ends: 01/01/2019 12:01 A. M. Local Time At Named Insured's Address INSURING COMPANY Producer's Name & Address: RISK PLACEMENT SERVICES INC Westchester Surplus Lines GEORGIA 400 BUSINESS CENTER 2400 p LAKEVIEW PKWY SUITE 675 Insurance Company ALPHARETTA, GA 30009 Producer No: 272039 COLORADO SURPLUS LINES NOTIFICATION THIS CONTRACT IS DELIVERED AS A SURPLUS LINE COVERAGE UNDER THE "NONADMITTED INSURANCE ACT". THE INSURER ISSUING THIS CONTRACT IS NOT LICENSED IN COLORADO BUT IS AN ELIGIBLE NONADMITTED INSURER. THERE IS NO PROTECTION UNDER THE PROVISIONS OF THE "COLORADO INSURANCE GUARANTY ASSOCIATION ACT". Surplus Lines Broker(name or initials) SLPD (03/08) 2018 CAPP-Westchester CAPP Page 1 of 46 Common Policy Declarations Westchester A Chubb Company Policy Number: D38095432 001 Company Name: Westchester Surplus Lines Insurance Company Named Insured & Mailing Address: Producer's Name & Address: Colorado Counties Casualty and Property Pool RISK PLACEMENT SERVICES INC C/O CTSI GEORGIA 400 BUSINESS CENTER 2400 LAKEVIEW PKWY 800 Grant Street, Suite 400 SUITE 675 Denver, CO 80203 ALPHARETTA, GA 30009 272039 - New General Policy Business Description: County Pool Information When Coverage Begins: 01/01/2018 12:01 A.M. Local Time at Named Insured's Address When Coverage Ends: 01/01/2019 12:01 A.M. Local Time at Named Insured's Address 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 Colorado Counties Casualty And Property Pool Policy $ 231,250. This is a non-admitted carrier._ $ It is the responsibility of RPS _ $ THIS CONTRACT IS DELIVERED AS A SURPLUS LINE COVERAGE UNDER to arrange for the filing and _ $ THE'NONADMITTED INSURANCE ACT'. THE INSURER ISSUING THIS paying of surplus lines tax _ $ CONTRACT IS NOT LICENSED IN COLORADO BUT IS AN ELIGIBLE $ NONADMITTED INSURER. THERETSNOPROTECTION-UNDEWTHE PROVISIONS OF THE'COLORADO-INSUR-A CE--EU-AfsAN-W—A-SSOCI-A-TfON $ ACT'. $ Total Premium: $ 231,250. Joel D.Cavaness Total Assessments, Fees, Surcharges, Taxes: $ 0. Total Amount Due: $ 231,250. Minimum Earned Premium: $ 57,813. Attached Forms See Forms Schedule CPfs2 Information Authorization Information Date: 1/30/2018 JOHry J. LuPFCA, President Authorized Representative To Report a Loss • Dial toll-free#1 (844)777-8323 or visit our •Website: https://my.rpsins.com/claimsfnol • Contact Insurer directly (see policy section) These Declarations together with the Coverage Declarations, Common Policy 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. Page 1 of 1 BB-5W5 /1F1)Westchester ©CIG §R.FE¢igg$I2riah reserved. Forms Schedule Company: Westchester Surplus Lines Insurance Company SYM: FS Policy ID: D38095432 001 Policy Period When Coverage Begins: 01/01/2018 12:01 A.M.Local Time At Named Insured's Address When Coverage Ends: 01/01/2019 12:01 A.M.Local Time At Named Insured's Address Applicable to SLPD (03/08)-Surplus Lines Declarations all Coverage BB-5W58a (09/11)-Common Policy Declarations Parts SL-34255a (01/16)-Service of Suit Endorsement TRIA24 (01/15)-Policyholder Disclosure Notice of Terrorism Insurance Coverage ALL-20887 (10/06)-CHUBB Producer Compensation Practices & Policies ALL-21101 (11/06)-Trade or Economic Sanctions Endorsement ALL-22368 (06/07)-Colorado Fraud Statement IL P 001 01 04-U.S. Treasury Departments' Office of Foreign Assets Control ("OFAC") Advisory Notice to Policyholders MA-608255p (04/15)-Claims Directory Property and Inland Marine LD-5S23j (03/14)-Signature Endorsement Colorado Counties Casualty And Property Pool Policy Commercial ACE0204 (05/10)-Fungus, Wet Rot, Dry Rot and Bacteria Exclusion Property ACE0210 (01/08)-Nuclear, Biological, Chemical, Radiological Exclusion Endorsement ACE061 (10/13)-Asbestos Material Exclusion (Named Peril Exception) ACE0681 (10/11)-Definition Of Loss Occurrence Endorsement ACE126 (10/14)-Electronic Data Amendment Endorsement ALL-10750 (01/15)-Terrorism Exclusion Endorsement ACE0810 (10/15)-Policyholder Notification- Newly Acquired Or Constructed Property MS 211964 (1/18)-General Amendatory Endorsement Commercial Not Covered Inland Marine Commercial Not Covered General Liability Commercial Not Covered Boiler & Machinery Form CPfs2 (03/08) 2018 CAPP-Westchester CAPP Page 3 of 46 Coverage Summary 1. This policy covers Blanket Real, Personal Property, Contractors Equipment, Fine Arts, Glass, Valuable Papers, Data Processing Equipment and Media, Business Interruption(Business Income) Extra Expense, Builders Risks and Installations, Transit,and Vehicle Damage. 2. LIMIT OF LIABILITY The insurer(s)shall not be liable hereunder in any one loss, casualty or disaster for more than$100,000,000 Per Occurrence. For sublimits refer to Insuring Agreement, paragraph III. Insuring Agreement I. NAMED OF INSURED It is agreed that the unqualified word "Insured"wherever used in this insurance includes not only the Named Insured but also any official, trustee or employee of the Named Insured while acting within the scope of his duties as such, and any person, organization, trustees or estate to whom the Named Insured is obligated by virtue of written contract or agreement to provide insurance such as is offered by this Insurance, but only in respect to operations by or on behalf of the Named Insured. II. TERRITORY Coverage applies to property located within the 50 states comprising the United States of America and the District of Columbia. III. ULTIMATE NET LOSS In calculating the amount of Ultimate Net Loss, this insurance is deemed to have the following maximum sublimits: A. $ 50,000,000 In the aggregate annually as respects Earthquake Loss B. $ 5,000,000 In the aggregate as respects any Flood loss in Zones A, AO,AE, AH, Al-30, A99, AR C. $ 50,000,000 In the Aggregate as respects all other Flood loss D. $ 50,000,000 In the aggregate annually for all Flood losses combined Newly acquired property any one Occurrence—90 Days; coverage ceases if the newly E. $ 25,000,000 acquired property is not reported within 90 days from the date of acquisition F $ 250,000 Accounts Receivable Builders risks, renovations, repairs made by the Insured at any location(including new locations with total contract cost under$5,000,000)within the territorial limits of the G. $ 5,000,000 policy, any one occurrence. Name of Insured:Colorado Counties Casualty and Property Pool Page 1 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 4 of 46 Builders Risk Soft Costs/Additional Expenses per Company Endorsement; $50,000 H. $ 1,000,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days I. $ 500,000 Extended Period of Indemnity J. $ 250,000 Civil Authority-4 Weeks Maximum K. $ 250,000 Ingress/Egress—4 Weeks Maximum L. $ 1,000,000 Unnamed Location, any one occurrence. M. $ 100,00 Personal Property of Employees at a described location N. $ 50,000 Personal Property of Others while on the Insured's property O. $ 10,000,000 Ordinance or Law P. $ 10,000,000 Extra Expense Q. $ 1,000,000 Expediting Expense R. $ 1,000,000 Property in Transit S. $ 10,000,000 Contractors' Equipment subject to maximum$1,500,000 per item T. $ 5,000,000 Fine Arts subject to maximum$500,000 per item U. $ 1,000,000 Fire Fighting Materials V. $ 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes W. $ 250,000 Loss Adjustment Expenses/Professional Services X. $ 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Y. $ 1,000,000 Errors or Omissions Z. $ 1,000,000 Vehicle Physical Damage—Over the Road AA. $ 25,000 in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a Named Insured subject to a$1,500,000 Annual Aggregate for all members BB. $ 100,000 Limited Mold/Fungi/Wet&Dry Rot-Terms per Company Endorsement CC. $ 100,000 Trees and Shrubs DD $ 10,000,000 Valuable Papers Policy Deductible: Each claim for loss or damage separately occurring shall be adjusted separately and from each adjusted claim, the amount of$150,000 shall be deducted. Notwithstanding the foregoing, the deductible amount applying to certain peril(s) insured against by this policy shall be as follows. If two or more deductible amounts provided in this Policy apply to a single Occurrence, the total to be deducted shall not exceed the largest deductible applicable unless otherwise stated in this Policy. Name of Insured:Colorado Counties Casualty and Property Pool Page 2 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 5 of 46 Flood Deductible: $150,000 Per Occurrence except as noted below: Flood Zone A: 2% per building or structure of the sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy; Minimum$1,000,000 Per Occurrence as respects locations wholly or partially within Special Flood Hazard Areas (SFHA), areas of 100-year flooding, as defined by the Federal Emergency Management Agency(FEMA). Wind/Hail Deductible: 2% per building or structure of the Sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy subject to a minimum deductible of $150,000 Per Occurrence Earthquake Deductible: $150,000 Per Occurrence Service Interruption Deductible: 24 Hours IV. SERVICE ORGANIZATION This Insurance is issued to the Insured on the express condition that the Insured undertakes to utilize at all times the services of County Technical Services, Inc. Claims Management Department. This Service Organization shall perform the following duties: A. Discharge the Insured's obligation under the terms of this agreement by administering a complete claims handling program. B. Maintain accurate records of all reported claims and details incident to loss and expense payments. C. Furnish monthly claims records on an approved form. The acceptance of these services shall be a condition precedent to any liability, which may attach to the Company in accordance with the terms and conditions of this Insurance. Property Insurance AGREEMENT A-BUILDING AND CONTENTS: Company agree, subject to the limitations, terms and conditions of this Insurance,to indemnify the Insured for risks of direct physical loss or damage to all Real or Personal Property of every kind and description, wherever located, occurring during the period of this Insurance. AGREEMENT B—VEHICLE PHYSICAL DAMAGE—while on premises(excluding over the Road): Company agree, subject to the limitations,terms and conditions of this Insurance, to indemnify the Insured for loss or damage to Vehicles owned by the Insured or on which the Insured has an obligation to provide adequate insurance,against Risks of Direct Physical Loss while on premises(excluding over the road) AGREEMENT C—VEHICLE PHYSICAL DAMAGE—while over the road: Company agree, subject to the limitations, terms and conditions of this Insurance, to indemnify the Insured for loss or damage to Vehicles owned by the Insured or on which the Insured has an obligation to provide adequate insurance,against Risks of Direct Physical Loss, including Collision of the Automobile with another object. Name of Insured:Colorado Counties Casualty and Property Pool Page 3 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 6 of 46 Definitions 1. PROPERTY OF THE INSURED: The term "Insured's Property"shall mean all Real and Personal Property, including leasehold improvements or betterments which the Insured owns, property which the Insured holds on consignments or agrees to insure by any contractual agreement normal to its operations. 2. VEHICLE: The term"VEHICLE"shall mean any motor vehicle, trailer or semi-trailer, including its equipment and any other equipment permanently attached thereto. The word "Trailer"shall include semi-trailer. 3. ULTIMATE NET LOSS: The words "Ultimate Net Loss" in respect of this section shall be understood to mean the loss sustained by the Insured after making deductions for all recoveries and salvages. 4. VALUABLE PAPERS: The term "Valuable Papers"shall mean written, printed or otherwise inscribed documents and records, including books, maps, film, drawings, abstracts, deeds, mortgages and manuscripts, but does not mean money and securities, but includes additional costs to research or restore damaged documents,drawings or records. 5. ACCOUNTS RECEIVABLE: The term "Accounts receivable"shall mean: a. All sums due the Insured from customers provided the Insured is unable to effect collections thereof as the result of covered loss or damage to records of accounts receivable; b. Interest charges on any loan to offset impaired collections pending repayment of such sums made uncollectible by such loss or damage: C. Collection expense in excess of normal collection caused and made necessary because of such loss or damage; d. Other expenses when reasonably incurred by the Insured in re-establishing records of accounts receivable following such loss and I or damage.The following Special exclusions apply to Accounts Receivable Coverage; this policy does not insure against: 1) Loss due to bookkeeping, accounting or billing errors or omissions; 2) Loss, the proof of which as to factual existence, is dependent upon an audit of records or an inventory computation, but this shall not preclude the use of such procedures in support of claim for loss which the insured can prove, through evidence wholly apart therefrom, is due solely to a risk of loss to records of accounts receivable not otherwise excluded hereunder; 3) Loss due to alteration, falsification, manipulation,concealment, destruction or disposal of records of accounts receivable committed to conceal the wrongful giving, taking, obtaining or withholding of money, securities or other property but only to the extent of such wrongful giving, taking, obtaining or withholding of money, securities or other property but only to the extent of such wrongful giving, taking, obtaining or withholding. 6. OCCURRENCE: "Occurrence" means all covered loss, damage, or a sequence of losses or damage, casualties or disasters, arising from a single event or catastrophe. So far as loss involving in whole or in part, the perils of wind, (including hurricanes, tornadoes, cyclones), snow, rain,or hail is concerned a single event shall mean one single atmospheric disturbance during a continuous period of seventy-two (72)hours (not limited by the date on which coverage under this policy ceases). 7. BUILDERS RISK This policy cover projects in the course of construction at a covered location, other than a Unscheduled Location, within the policy TERRITORY as defined in Section II above, subject to the "total project value" not exceeding the Sublimit shown in Section III ULTIMATE NET LOSS above. Alteration, addition, extension, repairs and/or remodeling projects are included under this extension. As respects locations other than insured locations, coverage under this extension shall commence when the Insured first acquires an insurable interest at the location and shall cease sixty(60)days from the date of such acquisition, or when reported to and accepted by the Company, on the expiration date of this policy, whichever occurs first. No coverage is provided under this property in this extension for property while in transit or while waterborne. The term "total project value" shall mean the cost of all labor, materials, equipment, machinery, or supplies intended to be a permanent part of the completed buildings(s) or structure(s) and in which the Insured has an insurable intaract��ha times of tha Incc nr rlamana Name of Insured:Colorado Counties Casualty and Property Pool Page 4 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 7 of 46 Excluded Perils With regard to all aroaerty,this insurance does not insure against: 1. Loss by moth, vermin, termites or other insects; wear, tear or gradual deterioration; rust,wet or dry rot, or mold 2. Loss resulting from loss of use, delay or loss of markets. 3. Breakdown of machinery and/or boiler explosion but not excluding loss resulting therefrom. This exclusion shall not apply as respects to EDP equipment and media. 4. Loss resulting from dampness of atmosphere or variation in temperature unless caused by the perils of Fire and Extended Coverage.This exclusion shall not be deemed to exclude loss resulting from freezing. 5. Loss of electrical appliances or devices of any kind, including wiring, arising from electrical injury or disturbance to the said electrical appliances or devices or wiring from artificial causes unless fire or explosion ensues, and then only for direct loss or damage caused by fire or explosion. 6. Loss by normal settling, normal shrinkage or normal expansion in foundations, walls, floors or ceilings. 7. Loss by mechanical derangement, inherent vice or latent defect. 8. Loss resulting from processing or faulty workmanship, unless fire and/or explosion ensues, and then only for direct loss or damage caused by such ensuing fire or explosion. 9. Loss resulting from shrinkage, evaporation, loss of weight or leakage, unless such loss is caused directly by fire or the combating thereof, lightening,windstorm, hail, explosion, strike, riot or civil commotion, aircraft, vehicles, breakage of pipes or apparatus, sprinkler leakage, vandalism and malicious mischief, theft or attempted theft. 10. Inventory shortage, mysterious disappearances or loss resulting from any kind of infidelity or dishonesty on the part of the Insured or any of his employees. Excluded Property 1. Animals; 2. Aircraft 3. Standing timber, growing crops, land and land values; 4. Currency, money, notes,and securities; 5. Bridges, culverts, roadways, streets, walks, or paved surfaces, dams, docks, piers and Wharves; 5. Water; 7. Tunnels used for vehicular traffic; underground mines and property therein. The following property not at a Covered Location: 1. Underground piping, wiring, flues or drains; 2. Reservoirs, transmission and distribution lines, telephone and power poles and appurtenants, street and highway lighting and signs. The following property not part of museum collections and/or exhibits at a Covered Location: 1. Furs;jewelry; precious and semi-precious stones, gold, silver, platinum and other precious metals and alloys. Name of Insured:Colorado Counties Casualty and Property Pool Page 5 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 8 of 46 Conditions 1. VALUATION. The Company shall not be liable for loss or damage in excess of. A (Real and Personal Property)-the cost to repair, rebuild or replace the destroyed or damaged property in a condition equal to but not superior to or more extensive than its condition when new. If the Insured decides to replace destroyed or damaged property on another site,cost of such site is not included hereunder. It is a requirement that if the Insured does not repair, replace or rebuild the property within two years from the date of loss, this property shall be valued at ACV. B (Automobile)-the actual cash value of the automobile at the time of loss. C. Contractors Equipment—the actual cash value of the equipment at the time of loss. 2. REMOVAL CLAUSE. This Insurance covered the expense and damage occasioned by removal from the premises endangered by the perils insured against wherever such property is located or removed for preservation. 3. ARCHITECTS FEES. This Insurance covers the additional assessment involving architects'fees for consultations arising from losses resulting from an insured peril. Fees are limited to seven (7%)percent of replacement cost. 4. APPRAISAL. In the event the Insured and Company are unable to agree as to the amount necessary to rebuild, repair or replace the damaged or destroyed property or the actual amount of reimbursement to be paid,each party shall name a competent and disinterested umpire. The appraisers together shall obtain reconstruction estimates,and calculate the amounts of reimbursement due, and failing to agree,shall submit their differences to the umpire. The award, in writing, duly verified by any two shall determine the point in question. Both parties shall pay the cost of their own appraiser and equally pro rate the cost of the umpire. 5. CIVIL AUTHORITY CLAUSE. Notwithstanding anything contained in this Insurance, property which is insured under this Insurance is also covered against the risk of damage or destruction by civil authority during a conflagration and for the purpose of retarding the same; provided that neither such conflagration nor such damage or destruction is caused or contributed to by war, invasion, revolution, rebellion, insurrection or other hostilities or warlike operations. 6. ORDINANCE DEFICIENCY CLAUSE. Notwithstanding anything contained herein to the contrary, the Company shall be liable also for the loss occasioned by the enforcement of any state or municipal law, ordinance or code, which necessitates, in repairing or rebuilding, replacement of material to meet such requirements. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 7. EXPENSE TO REDUCE OR PREVENT LOSS. This Insurance also covers expenses as are necessarily incurred for the purpose of reducing or preventing any loss under this Insurance not exceeding, however, the amount by which the loss under this Insurance is thereby reduced. General Conditions 1. PREMIUM PROVISION See Declarations Page. 2. SALVAGE AND RECOVERY CLAUSE All Salvages, recoveries and payments recovered or received subsequent to a loss settlement under this Insurance shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties hereto. 3. INSPECTIONS, AUDIT AND VERIFICATION OF VALUES The Company or their duly authorized representatives shall be permitted at all reasonable times during continuance of this Insurance to inspect the premises used by the Insured and to examine the Insured's books or records so far as they relate to coverage afforded by this Insurance. Name of Insured:Colorado Counties Casualty and Property Pool Page 6 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 9 of 46 4. RECORDS It is hereby understood and agreed that the records and books as kept by the Insured shall be acceptable to Company in determining the amount of loss or damage covered hereunder. 5. DUE DILIGENCE CLAUSE The Insured shall use due diligence and do and concur in doing all things reasonably practicable to avoid or diminish any loss of or damage to the property herein insured. 6. CURRENCY The premium and losses under this Insurance are payable in United States currency. Payment of premium shall be made to Arthur J. Gallagher Risk Management Services, Inc. 7. BANKRUPTCY AND INSOLVENCY In the event of the bankruptcy or insolvency of the Insured or any entity comprising the Insured, the Company shall not be relieved of the payment of any claims hereunder because of such bankruptcy or insolvency. 8. OTHER INSURANCE If the Insured has other Insurance against loss covered by this Insurance the Company shall be liable, under the terms of this Insurance, only as excess of coverage provided by such other Insurance and no monies payable or collectable from such other insurance shall accrue in the aggregate loss fund of this Insurance. 9. MORTGAGE CLAUSE The interest of any mortgagor on property covered hereunder is included as if a separate endorsement were attached hereto to the extent of the amount of mortgage as of the date of loss subject to the limits of liability set forth in this Insurance. 10. CLAIMS The Insured shall immediately notify Company through County Technical Services, Inc. Claims Management Department by registered mail, of any occurrence, the cost of which is likely to result in payment by the Company under this Insurance, Company shall have the opportunity to be associated with the Insured in defense of any claims, suits, or proceedings relative to an Occurrence wherein the opinion f the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwrites shall cooperate to the mutual advantage of both. 11. NOTICE OF LOSS The Insured through County Technical Services, Inc. Claims Management Department shall as soon as practicable report to this Company or its agent every loss or damage which may become a claim under this Policy and shall also file with the Company or its agents within ninety(90)days from date of loss a detailed sworn proof of loss. Failure by the Insured or County Technical Services, Inc. to report the said loss or damage and to file such proof of loss as hereinbefore provided shall not invalidate any claim under this Policy for such loss. 12. EXAMINIATION UNDER OATH The Insured shall submit, and so far as is within his/her or their power shall cause all other persons interested in the property and members of the household and employees to submit, to examinations under oath by any persons named by the Company, relative to any and all matters in connection with a claim and subscribe the same and shall produce for examination all books of account, bills, invoices and other vouchers or certified copies thereof if originals be lost, at such reasonable time and place as may be designated by the Company or its representatives and shall permit extracts and copies thereof to be made. Name of Insured:Colorado Counties Casualty and Property Pool Page 7 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 10 of 46 13. SETTLEMENT OF LOSS All adjusted claims shall be paid or made good to the Insured through County Technical Services, Inc. within sixty(60) days after presentation and acceptance of satisfactory proof if interest and loss at the office of this Company. No loss shall be paid hereunder if the Insured has collected the same from others. 14. LOSS PAYMENTS When it has been determined that Company are liable under this Insurance, Company shall thereafter promptly reimburse County Technical Services, Inc. for all payments made in excess of the amounted .stated in the Limits Agreement. All adjusted claims shall be paid or made good within thirty days after their presentation by County Technical Services, Inc. Claims Management Department and acceptance by the Company of satisfactory proof of interest and loss. 15. NO BENEFIT TO BAILEE This insurance shall in no wise inure directly or indirectly to the benefit of any carrier or other bailee. 16. APPEAL In the event the Insured and Underwriter are unable to agree to the advisability of appealing a judgment, a disinterested attorney, mutually agreeable to the Underwriter and the Insured, shall be retained and directed to render a written opinion as to his recommendation concerning such appeal. Such written recommendation shall be binding on both the Insured and Company. Fees of such retained attorney shall be borne equally by both parties fir the services of rendering his recommendation only. The Insured's portion of such fee shall not accrue in the aggregate loss fund. 17. LITIGATION PROCEEDINGS No suit to recover on account of loss under this insurance shall be brought until ninety days after the proof of loss shall have been furnished, nor at all unless commenced within twenty seven months from the date upon which loss occurred, if such loss is within the knowledge of the Insured; if not, the twenty-seven months shall begin upon notice to the Insured to such loss or claim 18. SUBROGATION The Company shall be subrogated to all rights which the Insured may have against any person or other entity in respect to any claim or payment made under this Insurance, and the Insured shall execute all papers required by the Company and shall cooperate with the Company to secure Underwriter's rights. IN case any reimbursement obtained or recovery made by the Insured or the Company on account of any loss covered by this Insurance, the net amount of such reimbursement or recovery, after deducting the actual cost of obtaining or making the same,shall be first applied in the following order: a. Amount of loss which exceeds the applicable limit of liability. b. To reduce the Company' loss until the Company are fully reimbursed. c. To reduce the Insured's loss because of the application of the aggregate loss fund. 19. WAIVER OF SUBROGATION This Insurance shall not be invalidated if the Insured by written agreement has waived or shall waive its right of recovery from any party for loss or damage covered hereunder; provided, that any such waiver is made prior to the occurrence of said loss or damage. 20. CONFLICTING STATUTES In the event that any provision of this Insurance is unenforceable by the Insured under the laws of any state or other jurisdiction wherein it is claimed that the Insured is liable for any injury covered hereby because of non-compliance with any statute thereof, then this policy shall be enforceable for the Insured with the same effect as if it complied with such statues. Name of Insured:Colorado Counties Casualty and Property Pool Page 8 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 11 of 46 21. ASSIGNMENT Assignment of interest under this Insurance shall not bind the Company until the Company'consent is endorsed hereon. 22. PAIR, SET OR PARTS It is understood and agreed that, in the event of loss of or damage to any article or articles which are part of a set, the measure of loss of or damage to such article shall be a reasonable and fair proportion of the total value of the 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 of set. In case of loss or injury to any part of the insured property consisting, when complete for sale or use, of several parts, this Company shall only be liable for the insured value of the part lost or damaged. 23. SUE AND LABOR In case of loss or damage, it shall be lawful and necessary for the Insured, his/her or their factors, servants and assigns,to sue, labor, and travel for, in and about the defense, safeguard and recovery of the property insured hereunder, or any part thereof without prejudice to this insurance; nor shall the acts of the Insured or this Company, in recovering, saving and preserving the property insured in case of loss or damage, be considered a waiver or an acceptance of abandonment, to the charge whereof this Company will contribute according to the rate and quantity of the sum herein insured. 24. SUIT No suit, action or proceeding for the recovery of any claim under the Policy shall be sustainable in any court of law or equity unless the same is commenced within twelve (12)months after discovery by the Insured of the occurrence which gives rise to the claim. Provided, however, that if by the laws of the State within which this Policy is issued such limitation is invalid, then any such claims shall be void unless such action, suit or proceeding be commenced within the shortest limit of time permitted by the laws of such State to be fixed herein. 25. APPRAISAL If the insured and the Company fail to agree as to the amount of loss,each shall, on the written demand of either, made within sixty days after receipt of proof of loss by the Company, select a competent and disinterested appraiser,and the appraisal shall be made at a reasonable time and place. The appraisers shall first select a competent and disinterested umpire, and failing for fifteen days to agree upon such umpire, then, on the request of the Insured or the Company, such umpire shall be selected by a judge a court of record in the state in which such appraisal is pending.The appraisers shall then appraise ht the loss, stating separately the actual cash value at the time of loss and the amount of loss, and failing to agree shall submit the differences to the umpire. An award in writing of any two shall determine the amount of toss. The Insured and the Company shall each pay his/her or its chosen appraiser and shall bear equally the other expenses of the appraisal and umpire.The Company shall not be held to have waived any of its rights by any act relating to the appraisal. 26. CANCELLATION This Policy may be cancelled by the Insured by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This Policy may be canceled by the Company by mailing to the Insured at the address shown in this Policy or last known address written notice stating when no fewer than (90)ninety days(10 days for nonpayment of premium)thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice,and the effective date of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the Insured or by the Company shall be equivalent to mailing. If this insurance shall be cancelled by the Insured, the Company shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on a adjustable basis the Company shall receive the earned premium hereon or the customary short rate proportion of any minimum premium stipulated herein whichever is greater. If this Insurance shall be cancelled by or on behalf of the Company, the Company shall retain the pro rata proportion of the premium hereon; except that if this insurance is on an adjustable basis, the Company shall receive the earned premium hereon or the pro rata proportion of any minimum premium stipulated herein whichever is the greater. Name of Insured:Colorado Counties Casualty and Property Pool Page 9 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 12 of 46 27. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of Cancellation by such payment shall be made as soon as practicable. If the period of limitation relating to the giving of notice is prohibited or made void by any law controlling the construction thereof, such period shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. Subject otherwise to all terms, clauses and conditions heretofore. 28. CHANGES By acceptance of this Insurance, the Insured agrees that it embodies all agreements existing between the Insured and Company or any of its agents relating to this Insurance. None of the provisions,conditions or other terms of this Insurance shall be waived or altered except by endorsement; nor shall notice to any agent or knowledge possessed by any agent or by any other person be held to effect a waiver or change in any part of this insurance. 29. FRAUDULENT CLAIMS If the Insured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Insurance shall become void and all claim hereunder shall be forfeited. 30. MISREPRESENTATION OR FRAUD This policy shall be void if the Insured has concealed or misrepresented any material fact or circumstances concerning this insurance or the subject thereof in case of any fraud, attempted fraud or false swearing by the insured touching any matter relating to this insurance or subject thereof, before or after loss. Earth Movement Coverage Earth Movement means: • Any earth movement, other than sinkhole collapse,such as earthquake, landslide, mine subsidence or earth sinking, rising or shifting including that caused by subsidence, settling, contraction, or expansion of soils. • Eruption, explosion, or effusion of a volcano other than volcanic action. If more than one earth movement or volcanic eruption occurs within any 72 hour period, we'll consider this one occurrence. The 72 hour period will not be shortened by the expiration of the policy. The limit shown in the coverage summary for earthquake is the most this Company will pay for all direct loss or damage caused by a single earthquake. Flood Coverage Flood, mudslide or mudflow, and surface water are covered perils. Flood means waves, tides or tidal water, the rising of bodies of water and streams, or the overflowing or breaking of their boundaries, whether driven by wind or not. Surface water means water which accumulates or flows on the surface of the ground, and is created by natural causes such as rain, melted snow, or rising springs, but which follows no defined watercourse and does not gather into or from a natural body of water. This Company is not liable for more than the limits shown in the coverage summary. Transit Extension Insuring Clause This insurance is hereby extended to cover Personal property of the Insured or property held by the Insured in trust or on commission or on consignment for which the insured may be held legally liable while in due course of transit within the Name of Insured:Colorado Counties Casualty and Property Pool Page 10 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 13 of 46 limits of the Continental the 50 states comprising the United States of America (excluding Hawaii)and the District of Columbia, against All Risks of Direct Physical Loss or Damage to the property insured occurring during the period of this policy(including general average and salvage charges on shipments covered while waterborne). Perils Excluded This extension does not insure against: 1. Loss or damage to personal property resulting from: shrinkage,evaporation, loss of weight, leakage of glass or other fragile articles, marring, scratching, exposure to light, or change in color, texture or flavor, unless such loss is caused directly by fire or the combating thereof, lightening, windstorm, hail, explosion, strike, riot or civil commotion,aircraft, vehicles, breakage of pipes or apparatus, sprinkler leakage, vandalism and malicious mischief, theft or attempted theft. 2. Loss of use,delay or loss of markets. 3. Loss or damage caused by or resulting from moth, vermin, termites, or other insects, inherent vice, latent defect, wear, tear or gradual deterioration;contamination; rust, wet or dry rot, mold, dampness of atmosphere, smog or extremes of temperature. 4. Loss or damage caused by or resulting from misappropriation, conversion, infidelity or any dishonest act on the part of the Insured or other party of interest, his or their employees or agents to others whom the property may be delivered or entrusted (carriers for hire excepted). 5. Loss or damage to the property insured occasioned by war, invasion, hostilities acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power or martial law or confiscation by order of any government or public authority. 6. Loss or damage arising directly or indirectly from nuclear reaction, nuclear radiation or radioactive contamination however such nuclear reaction, nuclear radiation or radioactive contamination may have been caused. Nevertheless, if a fire arises directly or indirectly from nuclear reaction, nuclear radiation or radioactive contamination, any loss or damage arising directly from that fire shall (subject to the provisions of this policy)be covered excluding, however, all loss or damage caused by nuclear reaction, nuclear radiation or radioactive contamination arising directly or indirectly from that fire. 7. Loss or damage caused by breakdown or derangement of refrigerating units. Property Excluded This extension does not cover: 1. Aircraft, watercraft, vehicles designed for highway use, animals,jewelry, precious stones and furs or garments trimmed with fur. 2. Currency, money, notes, securities, deeds, and evidences of debt 3. Property in due course of ocean marine transit. 4. Shipments by mail after delivery into the custody of the Post Office Department. 5. Samples while in the care, custody or control of salesmen. Conditions 1. The Insured may accept without prejudice to this insurance the ordinary bills of lading or receipts issued by carriers including those containing released and/or partially released value provisions, but the Insured shall not enter into any special agreements with carriers releasing them from their common law or statutory liability. 2. Property insured hereunder shall be valued as follows: a. Sold property at the actual net invoice price of the Insured. b. Unsold property at the actual cash value of the property at the time any loss or damage occurs with property deduction for depreciation and in no event to exceed what it would cost to repair or replace the property with material of like kind and quality. Name of Insured:Colorado Counties Casualty and Property Pool Page 11 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 14 of 46 Extra Expense Coverage It is agreed that if the property covered under Insuring Agreement A is damaged or destroyed by perils insured against during the period of this Insurance so as to necessitate the incurrence of Extra Expense (as defined below)the Company shall be liable for the Extra Expense so incurred, not exceeding the actual loss sustained, for not exceeding such length of time, hereinafter referred to as the "period of restoration". It is further agreed that this extension of coverage shall not operate to increase the Company limits of liability hereunder. Definitions: A. Extra Expense: The term"Extra Expense" means the excess (if any)of the total cost incurred during the period of restoration chargeable to the operation of the Insured's business, over and above the total cost that would normally have been incurred to conduct the business during the same period had no damage or destruction occurred. B. Normal: The term "normal"wherever used herein shall mean; the condition that would have existed had no loss occurred. C. Period of Restoration: The term "Period of Restoration" means such length of time commencing with the date of damage and not limited by the date of expiration of this policy, as would be required with the exercise of due diligence and dispatch to repair, rebuild or replace such part of the Insured's property as has been damaged or destroyed. Conditions: A. Resumption of Operations: It is a condition of this Insurance that as soon as practicable, the Insured shall resume normal operations of the business and shall dispense with such extra expense. B. Interruption by Civil Authority: Liability hereunder is extended to include actual loss as covered hereunder,sustained during the period of time, not exceeding two weeks, when as a direct result of a peril insured against, access to the premises in which the property described is located is prohibited by order of civil authority. Exclusions: In addition to the General Exclusions of this Insurance, Company shall not be liable for Extra Expense resulting from: A. The suspension, lapse or cancellation of any lease, license, contract or order beyond the period of restoration; B. Interference at premises by strikers or other persons with rebuilding, repairing or replacing the property damages or destroyed or with the resumption or continuation of business; C. Enforcement of any local or state ordinance or law regulating construction, repair or demolition of buildings or structures; Further, the Company shall not be liable for: A. More than the amount set forth in the limits of liability; B. Loss of income; C. The cost of repairing or replacing any of the real or personal property covered hereunder, or the cost of research or other expense necessary to replace or restore damage or destroyed books of account, abstracts, drawings,card index systems or other records(including film, tape, disc, drum, cell or other magnetic recording or storage media for electronic data processing), that have been damaged or destroyed by the perils insured against, except cost in excess of the normal cost of such repair, replacement or restoration necessarily incurred for the purpose of reducing loss under this policy. In no event shall such excess cost exceed the amount by which the total extra expense loss otherwise payable under this policy is thereby reduced. D. Loss resulting from theft of any property which at the time of loss is not an integral part of a building or structure (except direct loss by pillage and looting occurring during and at the immediate place of a riot or civil commotion), unless loss by a peril not excluded in this policy ensues from theft or attempted theft, and then the Company shall be liable for only such ensuing loss; E. Any other consequential or remote loss. Name of Insured:Colorado Counties Casualty and Property Pool Page 12 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 15 of 46 Pollution Cleanup and Removal Notwithstanding any conditions or terms contained elsewhere in this policy, coverage is extended to cover the cost to clean up and remove pollutants that are: 1. In the land or water at an insured location provided the discharge, seepage, migration, release, escape or dispersal is due to fire, lightening, explosion, windstorm, hail, leakage from fire protection equipment,smoke, vehicles and aircraft, riot, civil commotion, vandalism, sinkhole collapse, volcanic action, falling objects, weight of snow, ice or sleet, or water damage. For example: a fire at an insured location causes chemicals to run onto the ground and into a nearby river. This policy will pay to clean up the pollution that is in the land and water at the insured premises up to the limit of liability of this extension. This policy will not pay to clean up land or water away from an insured premises; 2. In the land or water away from an insured premises but only when pollution or contamination is caused by the collision, upset or overturn of a transporting vehicle which is owned, operated, rented, leased or borrowed by the Insured. Coverage is provided under the extension only if the following conditions are met: A. The cause of loss occurs during the policy period; B. The pollution must occur at an insured location except as provided for in clause 2. above. C. The clean-up and removal costs must be incurred and reported to the company within one hundred (180)days of either the date of direct physical loss or damage or the end of the policy period, whichever is earlier. Liability for loss under this extension shall not exceed$25,000 in any one occurrence or$25,000 in the aggregate for all such losses in any one policy year. However, these limits will apply separately to each County member listed as a Named Insured except$1,500,000 Aggregate applies to all County members. Name of Insured:Colorado Counties Casualty and Property Pool Page 13 of 16 Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 16 of 46 ENDORSEMENT A NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM Forms a part of Policy No: D38095432 001 Issued to: COLORADO COUNTIES CASUALTY AND PROPERTY POOL By: Westchester Surplus Lines Insurance Company NAMED INSURED ENDORSEMENT It is agreed that the Participating Member Counties named hereunder are included as Named Insureds: 1. Alamosa 26. Lake 2. Archuleta 27. La Plata 3. Baca 28. Las Animas 4. Bent 29. Lincoln 5. Chaffee 30. Logan 6. Cheyenne 31. Mineral 7. Clear Creek 32. Montrose 8. Conejos 33. Morgan 9. Costilla 34. Moffat 10. Crowley 35. Otero 11. Custer 36. Ouray 12. Delta 37. Park 13. Dolores 38. Phillips 14. Eagle 39. Prowers 15. Elbert 40. Pueblo 16. Fremont 41. Rio Blanco 17. Garfield 42. Rio Grande 18. Gilpin 43. Routt 19. Grand 44. Saguache 20. Gunnison 45. San Juan 21. Hinsdale 46. San Miguel 22. Huerfano 47. Sedgwick 23.Jackson 48. Summit 24. Kiowa 49.Teller 25. Kit Carson 50.Washington 51.Weld 52. Yuma ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 2018 CAPP-Westchester CAPP Page 17 of 46 ENDORSEMENT B JOINT LOSS CLAUSE This endorsement, effective 12:01 AM Forms a part of Policy No: D38095432 001 Issued to: COLORADO COUNTIES CASUALTY AND PROPERTY POOL By: Westchester Surplus Lines Insurance Company It is agreed that the policy to which this endorsement is attached is hereby amended as follows: In the event the Insured suffers a loss of or damage to property at a location designated in this policy and also designated in an Equipment Breakdown policy, and there is a disagreement between this company and the Equipment Breakdown Insurer with respect to: (1) whether the loss or damage was caused by an accident insured against by this policy or by a peril insured against by such Boiler insurance policy, or (2) the extent of participation of this policy and of such Boiler insurance policy in the loss or damage; then, after agreement among the Insured, this company and the Equipment Breakdown Insurer as to the total amount of the loss or damage recoverable under both policies, this company will, upon written request of the Insured, pay to the Insured, in addition to that portion of the total recoverable loss or damage for which it admits liability: one-half(1/2)of that portion of the total recoverable loss or damage which is in disagreement(but in no event more than the minimum amount remaining payable under either this policy or the Boiler insurance policy after making provision for undisputed payments)provided that the Equipment Breakdown Insurer shall simultaneously pay to the Insured the remaining one-half(1/2)of that portion of the total recoverable loss or damage which is in disagreement. Such payment by this company and the acceptance of the same by the Insured signifies the agreement of the company to submit to and proceed with arbitration within 90 days of such payment in order to apportion the amount of total recoverable loss or damage which is in disagreement between this company and the Equipment Breakdown Insurer. The arbitrators shall be three in number,one of whom shall be appointed by this company, and the third appointed by consent of the other two. The decision by the arbitrators shall be binding on the parties. The Insured agrees to cooperate in furnishing information and technical data as may be required by this company in connection with such arbitration or any other method of apportionment upon which this company and the Equipment Breakdown Insurer may decide, but not to intervene therein. Except as otherwise expressly provided herein, this endorsement does not modify or waive any of the terms and conditions of this policy or affect in any way the rights of the Insured or the Company hereunder. This endorsement shall not apply unless the Boiler insurance policy is similarly endorsed, and it may be cancelled by the Company on 90 days'written notice to the Insured. Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP-Westchester CAPP Page 18 of 46 FUNGUS, WET ROT, DRY ROT AND BACTERIA EXCLUSION Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines 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 A. The following exclusion is added: We will not pay for loss, or physical loss or damage, caused directly or indirectly by any of the following. Such loss or physical loss or damage, is excluded regardless of any cause or event that contributes concurrently or in any sequence to the loss, or physical loss or damage: 1. Presence, growth, proliferation, spread or activity of"fungus", wet rot or dry rot or bacteria. But if"fungus"wet rot, dry rot or bacteria results in a "specified cause of loss", we will pay for the loss caused by that "specified cause of loss". This exclusion does not apply when "fungus", wet rot or dry rot, or bacteria results from fire or lightning; 2. 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 rot or dry rot, or bacteria; or 3. The cost associated with the enforcement of any ordinance or law which 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 "pollutants", "fungus", wet rot or dry rot, or bacteria. B. The following are added to the Definitions: "Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or byproducts produced or released by fungi. "Specified cause of loss" means: fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicles; riot or civil commotion; vandalism; leakage from fire extinguishing equipment; sinkhole collapse; volcanic action; falling objects; weight of snow, ice, or sleet; water damage. "Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. This endorsement may be attached to a coverage form or an endorsement with a different definition from the listed definitions. If there is a different definition, that definition does not apply to this endorsement. All other terms and conditions remain unchanged. ACE0204 (05/10) ©Chubb.2016.All rights reserved. Page 1 of 1 2018 CAPP-Westchester CAPP Page 19 of 46 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines Insurance Company 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: A. Loss or damage arising directly or indirectly from B. Loss or damage arising directly or indirectly from the nuclear detonation, reaction, nuclear radiation or dispersal, application or release of, or exposure to, radioactive contamination, all whether controlled or chemical, radiological, or biological materials or uncontrolled, or due to any act or condition incident agents, all whether controlled or uncontrolled, or due to any of the foregoing, whether such loss be direct to any act or condition incident to any of the or indirect, proximate or remote, or be in whole or in foregoing, whether such loss be direct or indirect, part caused by, contributed to, or aggravated by, proximate or remote, or be in whole or in part caused any physical loss or damage insured against by this by, contributed to, or aggravated by, any physical Policy or Coverage Part, however such nuclear loss or damage insured against by this Policy or detonation, reaction, nuclear radiation or Coverage Part, however such dispersal, application, radioactive contamination may have been caused. release or exposure may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or C. If this endorsement is attached to a Commercial radioactive contamination exclusions found Inland Marine Policy or Coverage Part, the term loss elsewhere in this Policy. or damage is changed to Loss. ACE 0210 (01/08) ©Chubb.2016.All rights reserved. Page 1 of 1 2018 CAPP-Westchester CAPP Page 20 of 46 ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines 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 exclusions are added to the policy; supersede any term, provision or endorsement to the contrary in this policy; and apply notwithstanding any such term, provision or endorsement in this policy or in any underlying, contributing or followed policy: This policy does not apply to loss, damage, cost, expense, fine or penalty arising out of, resulting from or related in any way to: 1. Removal of any asbestos, asbestos-containing product, or asbestos-containing material, unless the asbestos, asbestos-containing product, or asbestos-containing material itself incurs direct physical loss or damage caused by fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot, strike, or civil commotion, vandalism, sprinkler leakage, or accidental discharge from automatic fire protective systems; provided, however, the policy insures loss or damage arising out of or resulting from such specified perils. 2. Demolition or increased cost of reconstruction, repair, debris removal, or loss of use necessitated by enforcement of any law, regulation, rule or ordinance regulating asbestos, asbestos-containing product, or asbestos-containing material, except to the extent that coverage is provided by an additional coverage or coverage extension providing insurance for demolition and increased costs of construction. 3. Any governmental direction or request declaring that any asbestos, asbestos-containing product, or asbestos-containing 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. ACE061 (10/13) ©Chubb.2016.All rights reserved. Page 1 of 1 2018 CAPP-Westchester CAPP Page 21 of 46 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines 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: 1. "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: A. 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. B. 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 Insured's premises by strikers, provided such occupation commenced during the aforesaid period. C. 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. D. 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) ©Chubb.2016.All rights reserved. Page 1 of 2 2018 CAPP-Westchester CAPP Page 22 of 46 However, we shall not be liable hereunder for any loss or damage: a) Occurring before this policy becomes effective; or b) 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 c) 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) ©Chubb.2016.All rights reserved. Page 2 of 2 2018 CAPP-Westchester CAPP Page 23 of 46 ELECTRONIC DATA AMENDMENT ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines Insurance Company THIS ENDORSEMENT CHANGES THE 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 terms and provisions are added to the Policy; supersede any term, provision or endorsement to the contrary in this Policy; and apply notwithstanding any such term, provision or endorsement in this Policy or in any underlying, contributing or followed policy: 1. This Policy excludes loss, damage, destruction, distortion, erasure, corruption, alteration, diminishment in value, or loss of use or usefulness of: a. "Electronic Data" by any cause whatsoever(including but not limited to "Computer Virus"); b. "Electronic Data Processing Equipment" caused by or resulting from the loss, damage, destruction, distortion, erasure, corruption, alteration, diminishment in value, or loss of use or usefulness of "Electronic Data"; regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, destruction, distortion, erasure, corruption, alteration, diminishment in value, or loss of use or usefulness of "Electronic Data", "Electronic Data Processing Equipment", or"Electronic Media"; and/or c. "Electronic Media" caused by or resulting from the loss, damage, destruction, distortion, erasure, corruption, alteration, diminishment in value, or loss of use or usefulness of "Electronic Data"; regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, destruction, distortion, erasure, corruption, alteration, diminishment in value, or loss of use or usefulness of "Electronic Data", "Electronic Data Processing Equipment", or"Electronic Media". This exclusion does not apply to loss or damage to "Electronic Data", "Electronic Data Processing Equipment", and "Electronic Media" caused by or resulting from a "Named Peril", if and to the extent such Named Peril is already covered by this or by any underlying policy. 2. This Policy excludes loss, damage, cost or expense resulting from or arising out of any failure, malfunction, deficiency, deletion, fault, Computer Virus or corruption of computer code that results from or arises out of any authorized or unauthorized access by any means and for any purpose, whether intentional or inadvertent, in, of or to any 'Electronic Data", "Electronic Data Processing Equipment", or "Electronic Media" and similar data, media, devices, and equipment in the ownership, possession, or control of a third party. Definitions 1. "Electronic Data" means information, facts or "Computer Programs" stored as or on, created or used on, or transmitted to or from computer software (including systems and applications software), on hardware, computer memory, hard or floppy disks, zip drives, CD-ROMs, tapes, drives, cells, data processing devices or any other repositories of computer software which are used with electronically controlled equipment. ACE126 (10/14) ©Chubb.2016.All rights reserved. Page 1 of 2 2018 CAPP-Westchester CAPP Page 24 of 46 2. "Computer Programs" means a set of related electronic instructions which direct the operations and functions of a computer or device connected to it, which enable the computer or device to send, receive, process, store, retrieve, erase, or destroy data, and "Electronic Data"which is integrated in and operates or controls the building's elevator, lighting, plumbing, electricity, heating, ventilation, air conditioning, security system, safety system, and fire protection system, but does not include prepackaged software held in storage. 3. "Electronic Data Processing Equipment" means "Computers", computer servers and similar equipment and component parts thereof, the purpose of which is to process Electronic Data. 4. "Electronic Media" means any physical device the purpose of which is to hold, store, contain or transfer "Electronic Data", and includes but is not limited to disks, drives, films, tapes, records, drums, or cells. 5. "Computers" includes but is not limited to mainframes, servers, workstations and portable computing devices, personal information managers, wide and local area network hardware, electronic and electromechanical equipment, data processing equipment, electronic controls for machinery, electronically programmed memory chips, and electronically controlled communication equipment. 6. "Computer Virus" means instructions, code, files, applications or any software program that has the ability or is suspected to have the ability to damage, destroy, erase, corrupt, alter, impede, or prevent access to 'Electronic Data", 'Electronic Media" or "Computers", or to disrupt or interfere with the operations of "Computers", or to disrupt or interfere with the operation of any software or the reliability of any "Electronic Data", including but not limited to malicious codes, malware, Trojan Horses, worms and time or logic bombs. 7. "Named Peril" means the perils of Fire; Lightning; Explosion; Windstorm or Hail; Smoke; Aircraft or Vehicles; Riot and Civil Commotion; Willful or malicious physical loss or damage by a means other than "Computer Virus" and/or an authorized or unauthorized access in, of or to any 'Electronic Data", "Electronic Data Processing Equipment" and/or "Electronic Media"; Leakage from fire extinguishing equipment; Sinkhole Collapse; Volcanic Action; Building glass breakage; Falling Objects, Weight of snow, ice or sleet, Water Damage; Sonic Boom; Theft; Flood, Earthquake or Earth Movement. All other terms and conditions remain unchanged. ACE126 (10/14) ©Chubb.2016.All rights reserved. Page 2 of 2 2018 CAPP-Westchester CAPP Page 25 of 46 TERRORISM EXCLUSION ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: BOILER AND MACHINERY COVERAGE PART BUSINESS AUTO COVERAGE FORM GARAGE COVERAGE FORM MOTOR CARRIER COVERAGE FORM TRUCKERS COVERAGE FORM BUSINESS AUTO PHYSICAL DAMAGE COVERAGE FORM COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE FORM COMMERCIAL PROPERTY COVERAGE PART STANDARD PROPERTY POLICY The following exclusion is added to this policy and applies to all coverages, additional coverages, and coverage extensions, notwithstanding any provision to the contrary in this policy or any other endorsement hereto: A. This insurance does not cover loss, damage, injury, expense, cost, or legal obligation directly or indirectly caused by or resulting from any of the following, regardless of any other cause or event, whether or not insured under this policy, contributing concurrently or in any other sequence thereto: 1. "Act of Terrorism"; or 2. Actions taken by or on behalf of any government or any branch or division thereof (including, without limitation, the uniformed armed forces, militia, police, state security, and anti-terrorism agencies) in responding to, preventing, combating, defending or retaliating against any "Act of Terrorism; or 3. dispersal, application, or release of any actual or alleged pathogen, poison, biologic or chemical product, material, waste or substance as a result of an Act of Terrorism, and it reasonably appears that one purpose of the Act of Terrorism was to release such product, material, waste or substance. This exclusion applies whether or not the "Act of Terrorism" was committed in concert with or on behalf of any organization or government. The terms and limitations of this exclusion do not serve to create coverage for any loss which would otherwise be excluded under this Policy, such as, but not limited to, losses excluded by the "Nuclear Exclusion" or the "War Exclusion"or similar provision. B. As used in this endorsement: 1. "Act of Terrorism" means any act against persons, organizations or property of any nature that involves the following or preparation for the following: a. Use or threat of force or violence; or b. Commission or threat of a dangerous act; or c. Commission or threat of an act that interferes with or disrupts an electronic, communication, information, or mechanical system; and ALL-10750 (01/15) ©Chubb.2016.All rights reserved. Page 1 of 2 2018 CAPP-Westchester CAPP Page 26 of 46 2. Appears to be intended, in whole or in part, to: a. Intimidate or coerce a government or the civilian population; or b. Disrupt any segment of a nation's economy; or c. Influence the policy of a government by intimidation or coercion; or d. Affect the conduct of a government by mass destruction, assassination, kidnapping or hostage-taking; or e. Further political, ideological, religious, social or economic objectives or to express (or express opposition to) a philosophy or ideology; or f. Respond to governmental action or policy. "Act of Terrorism" shall also include any incident determined to be such by an official, department or agency that has been specifically authorized by federal statute to make such a determination. C. Exception Covering Certain Fire Losses If an Act of Terrorism results in a fire and the direct physical loss or damage to property insured hereunder located in any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, each of the United States Virgin Islands and any territory or possession of the United States, that, either pursuant to the Standard Fire Policy or otherwise, prohibits exclusions for acts of terrorism that result in fire, this Company will pay for the loss or damage caused by that fire. Such coverage for fire applies only to direct loss or damage to property insured hereunder and may be limited, in accordance with the Standard Fire Policy, to the lesser of the actual cash value of the property at the time of the loss or the amount which it would cost to repair or replace the property, without allowance for any increased cost of repair or replacement by reason of any ordinance or law, and without any compensation for business interruption, extra expense to continue business activities, or any other coverage for loss or damage other than direct physical loss or damage to the property insured hereunder. All other terms and conditions remain unchanged. ALL-10750 (01/15) ©Chubb.2016.All rights reserved. Page 2 of 2 2018 CAPP-Westchester CAPP Page 27 of 46 SERVICE OF SUIT ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines 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: Mr. Paul Bech, Esq., Associate General Counsel Chubb 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 the company's right to: remove an action to a United States District Court, seek a transfer of a case to another court, or to enforce policy provisions governing choice of law or venue selection, as may be 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-34255a(01/16) 2018 CAPP-Westchester CAPP Page 28 of 46 C H U B B`x Westchester Surplus Lines Insurance Company Insurance Company Colorado Counties Casualty and Property Pool Policyholder D38095432 001 Policy Number RISK PLACEMENT SERVICES INC Broker/Producer POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You were notified that under the Terrorism Risk Insurance Act, as amended, you have a right to purchase insurance coverage for losses resulting from acts of terrorism. As defined in Section 102(1) of the Act: The term "act of terrorism" means any act or acts that are certified by the Secretary of the Treasury---in consultation with the Secretary of Homeland Security, and the Attorney General of the United States---to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission; and to have been 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. YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY YOUR POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 85% FOR YEAR 2015, 84% BEGINNING ON JANUARY 1, 2016; 83% BEGINNING ON JANUARY 1, 2017, 82% BEGINNING ON JANUARY 1, 2018; 81% BEGINNING ON JANUARY 1, 2019 AND 80% BEGINNING ON JANUARY 1, 2020, OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURANCE COMPANY PROVIDING THE COVERAGE. THE PREMIUM THAT WOULD BE CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS THAT MAY BE COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A $100 BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS' LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS $100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED $100 BILLION, YOUR COVERAGE MAY BE REDUCED. You elected NOT to purchase terrorism coverage under the Act at the price indicated. ACCORDINGLY, WE WILL NOT PROVIDE THIS COVERAGE AND YOU DO NOT OWE THE ADDITIONAL PREMIUM FOR THAT COVERAGE INDICATED BELOW. Terrorism coverage described by the Act under your policy was made available to you for additional premium in the amount of $46,250_, however you elected to decline such coverage. TRIA24(01/15) Page 1 of 1 2018 CAPP-Westchester CAPP Page 29 of 46 CHUBB`x POLICYHOLDER NOTIFICATION NEWLY ACQUIRED OR CONSTRUCTED PROPERTY New location(s)added to this Policy may be subject to separate rating and/or may require a higher deductible(s). ACE0810 (10/15) ©Chubb.2016.All rights reserved. Page 1 of 1 2018 CAPP-Westchester CAPP Page 30 of 46 CHUBB`x Chubb Producer Compensation Practices & Policies Chubb believes that policyholders should have access to information about Chubb'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.chubbproducercompensation.com or by calling the following toll-free telephone number: 1-866-512-2862. ALL-20887 (10/06) Page 1 of 1 2018 CAPP-Westchester CAPP Page 31 of 46 TRADE OR ECONOMIC SANCTIONS ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines Insurance Company 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, but not limited to, the payment of claims. All other terms and conditions of policy remain unchanged. Authorized Agent ALL-21101 (11-06)Ptd. In U.S.A. 2018 CAPP-Westchester CAPP Page 32 of 46 COLORADO FRAUD STATEMENT It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies. ALL-22368(06/07) ©ISO Properties, Inc.,2004 2018 CAPP-Westchester CAPP Page 33 of 46 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 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 001 01 04 © ISO Properties, Inc., 2004 Page 1 of 1 2018 CAPP-Westchester CAPP Page 34 of 46 Westchester A Chubb ConipAny GENERAL AMENDATORY ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 OO1 1/1/2018 to 1/1/2O19 Issued By(Name of Insurance Company) Westchester Surplus Lines 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: COLORADO COUNTIES CASUALTY AND PROPERTY POOL POLICY As respects Westchester Surplus Lines Insurance Company's participation,the following changes are hereby made to the policy,supersede any term,provision or endorsement to the contrary in this policy; and apply notwithstanding such term,provision or endorsement: In the Section entitled Excluded Property,the following are added: 8. Air supported structures; 9. Watercraft; 1O. Evidence of debt; ii. Off-shore drilling rigs or platforms; 12. Property sold under a conditional sale or trust agreement or under an installment plan after delivery to customers; 13. Railroad rolling stock; In the Section titled Excluded Perils,the following are added: ii. Loss resulting from the actual, alleged or threatened presence, release, discharge, escape or dispersal of "pollutants or contaminants", all whether direct or indirect, proximate or remote, or in whole or in part caused by,contributed to or aggravated by any physical damage insured by this policy. This exclusion does not apply to: (a) Ensuing loss or damage caused by or resulting from fire;or (b) Loss or damage caused by or resulting from fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, leakage from automatic fire protective systems or windstorm or hail. 12. Loss resulting from change in color,flavor,texture or finish; 13. Indirect or remote loss or damage; MS 211964(1/18) Page 1 of 3 2018 CAPP-Westchester CAPP Page 35 of 46 Westchester Chuhh Ci nip ui 14. Loss resulting from insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating, or defending against such an event; 15. Loss resulting from any dishonest or criminal act(including theft)by the Insured, or any of the Insured's partners,members,officers,managers,employees (including temporary employees and leased workers), directors,trustees or authorized representatives,whether acting alone or in collusion with each other or with any other party; or theft by any person to whom you entrust the property for any purpose,whether acting alone or in collusion with any other party. This exclusion: (a) applies whether or not an act occurs during your normal hours of operation; and (b) does not apply to acts of destruction by your employees (including temporary employees and leased workers) or authorized representatives; but theft by the Insured's employees (including temporary employees and leased workers)or authorized representatives is not covered. 16. Loss resulting from expropriation, seizure, appropriation,nationalization,willful destruction, condemnation,requisition,or sequestration by law,order or administrative action of any government (whether civil,military,or de facto).This exclusion does not apply to loss or damage caused by or resulting from acts of destruction ordered by any government and done at the time of a fire to prevent its spread, if the fire would be insured under this policy. 17. Loss resulting from nuclear reaction, nuclear explosion,nuclear radiation,or radioactive contamination from any cause, all whether direct or indirect,controlled or uncontrolled,proximate or remote,or contributed to or aggravated by a peril insured herein. However,if fire not otherwise excluded results,the Company will be liable for direct physical loss or damage by such resulting fire but not including any loss or damage due to nuclear reaction,nuclear explosion,nuclear radiation,or radioactive contamination. 18. Loss resulting from hostile or warlike action in time of peace or war,including action in hindering, combating or defending against an actual,impending or expected attack by any: a. governmental or sovereign power(de jure or de facto); b. military,naval or air force; or c. agent or authority of any party specified in sub-paragraphs a. and b.immediately above. Under Insuring Agreement, Section II.TERRITORY is deleted and replaced with the following: Coverage applies to property located within the United States of America,including its territories and possessions. The Section titled Flood Coverage is deleted and replaced with the following: Flood,mudslide or mudflow,and surface water are covered perils. Each loss by flood shall constitute a single loss hereunder. If any flood: a. occurs within a period of the continued rising or overflow of any body of water; b. results from any tidal wave or series of tidal waves caused by any one disturbance, MS 211964(1/18) Page 2 of 3 2018 CAPP-Westchester CAPP Page 36 of 46 Westchester Cl uhh Conip,iny such flood shall be deemed to be a single occurrence within the meaning of this policy,however,the Company's liability with respect to such occurrence shall be limited to the sum of all individual losses sustained by the Insured during any period of seventy-two (72) consecutive hours arising out of and directly caused by the flood. Should the time period referred to above extend beyond the expiration date of this policy and commence prior to the expiration,the Company shall pay all such flood losses occurring during such period of seventy-two (72) consecutive hours, as if such time period fell entirely within the term of this policy. The Company shall not be liable,however,for any loss caused by any flood occurring before the effective date and time of this policy or commencing after the expiration date and time of this policy. Flood means: a. waves,tides or tidal water; or b. the rising or overflowing or breaking of any boundary of any body of water,whether natural or man- made. Surface water means water which accumulates or flows on the surface of the ground, and is created by natural causes such as rain,melted snow,or rising springs,but which follows no defined watercourse and does not gather into or from a natural body of water. The Company is not liable for more than the limits shown in the coverage summary. All other terms and conditions remain unchanged. MS 211964(1/18) Page 3 of 3 2018 CAPP-Westchester CAPP Page 37 of 46 CHUBB` 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 Chubb North First Notices Email: P.O. Box 5122 American ChubbClaimsFirstNotice@Chubb.com Scranton, PA Claims 18505-0554 First Notices Fax: (877)-395-0131 (Toll Free) (302)-476-7254 (Local) Phone: (800)-433-0385 - Business Hours (800)-523-9254—After Hours MA-608255p (04/15) ©Chubb.2016.All rights reserved. Page 1 of 1 2018 CAPP-Westchester CAPP Page 38 of 46 SIGNATURES Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 001 01/01/2018 to 01/01/2019 Issued By(Name of Insurance Company) Westchester Surplus Lines 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. 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. 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 6a€1-7- 6a€1-7-REBECCA L.C0LLINS,Secretary JOHN' J. LUPFCA, Presides[ Authorized Representative Chubb. Insured: LD-5S23j(03/14) Page 1 of 1 2018 CAPP-Westchester CAPP Page 39 of 46 Westchester Surplus Lines Insurance Company 11575 Great Oaks Way Suite 200 Alpharetta,GA 30022 NOTICE POLICY NO. D38095432 001 NAME OF INSURED: Colorado Counties Casualty and Property Pool ADDRESS: C/O CTSI 800 Grant Street, Suite 400 Denver, CO 80203 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 all States Surplus Lines Laws including completion of any declarations/affidavits that must be filed as well as payment of any and all 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: 1/30/2018 WSG-084(05/11) 2018 CAPP-Westchester CAPP Page 40 of 46 General Endorsement General Policy Named Insured: Colorado Counties Casualty and Property Pool Information Policy Symbol: FS Policy Number: D38095432 001 Endorsement Number: 001 Effective date of Endorsement: 01/01/2018 Policy Period: 01/01/2018 to 01/01/2019 Issued by: Westchester Surplus Lines Insurance Company (Name of Insurance Company) This Endorsement changes the policy—Please read it carefully This endorsement modifies insurance provided under the following: Colorado Counties Casualty And Property Pool Policy COVERAGE FORM Endorsement In consideration of no change in premium, this policy is amended as follows: Information The following forms have been deleted from the policy: MS 211964 (01/18) General Amendatory Endorsement ACE0681 (10/11) Definition Of Loss Occurrence Endorsement The following forms have been added to the policy: MS 211964.1 (01/18) General Amendatory Endorsement MS 215267 (2/18) Definition Of Loss Occurrence Endorsement CO54321A(01/18) Participation Clause All other terms and conditions remain unchanged. Authorized Agent Page l of 1 u p Form CC-3R19(7197) CHUB B 2018 CAPP-Westchester CAPP Page 41 of 46 PARTICIPATION CLAUSE In consideration of the premium charged, the subscribing Company hereto, hereinafter referred to as the "Company" does severally, but not jointly, agree to indemnify the Insured for the amount recoverable in accordance with the terms and conditions of this policy and any endorsements hereto, provided that: The collective liability of the subscribing "Company" shall not exceed its percentage of the Limit of Insurance or any appropriate Sub-limit of Insurance or any aggregate Limit of Insurance in any Policy Year. The limit of the subscribing "Company" shall not exceed the Limit of the pro-rata percentage of Insurance set against is name. "Company" Westchester Surplus Lines Insurance Company "Company" Policy Number/Reference D38095432 001 "Company" Participation 20% "Company" Premium $231,250 All other terms and conditions remain unchanged. CO54321A(01/18) CopydghI 2012 Ea Page 1 of 1 2018 CAPP-Westchester CAPP Page 42 of 46 Westchester A Chubb Conipm DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool OO1 Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 OO1 01/01/2018 to O1/O1/2O19 01/01/2018 Issued By(Name of Insurance Company) Westchester Surplus Lines 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 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: 1. "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: A. As regards Windstorm (including Tier 1 Counties), Hail or Tornado,including ensuing collapse 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. B. As regards the peril of Flood: all individual losses sustained by the Insured occurring during any period of 168 consecutive hours arising out of and directly caused by the peril of flood. C. 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 Insured's premises by strikers,provided such occupation commenced during the aforesaid period. D. As regards the peril of Earth Movement,including losses from all other perils covered hereunder following as a result of Earth Movement:only those individual losses covered hereunder,which commence during the period of 168 consecutive hours, may be included in the Loss Occurrence. E. 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. MS 215267(2/1S) Page 1 of 2 2018 CAPP-Westchester CAPP Page 43 of 46 Westchester Cl uhh Conip,iny 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. However,we shall not be liable hereunder for any loss or damage: a) Occurring before this policy becomes effective;or b) 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 c) 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. MS 215267(2/18) Page 2 of 2 2018 CAPP-Westchester CAPP Page 44 of 46 Westchester A Chubb ConipAny GENERAL AMENDATORY ENDORSEMENT Named Insured Endorsement Number Colorado Counties Casualty and Property Pool 002 Policy Symbol Policy Number Policy Period Effective Date of Endorsement FS D38095432 OO1 1/1/2018 to 1/1/2O19 01/01/2018 Issued By(Name of Insurance Company) Westchester Surplus Lines 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: COLORADO COUNTIES CASUALTY AND PROPERTY POOL POLICY As respects Westchester Surplus Lines Insurance Company's participation,the following changes are hereby made to the policy,supersede any term,provision or endorsement to the contrary in this policy; and apply notwithstanding such term,provision or endorsement: In the Section entitled Excluded Property,the following are added: 8. Air supported structures; 9. Watercraft; 1O. Evidence of debt; ii. Off-shore drilling rigs or platforms; 12. Property sold under a conditional sale or trust agreement or under an installment plan after delivery to customers; 13. Railroad rolling stock; In the Section titled Excluded Perils,the following are added: ii. Loss resulting from the actual, alleged or threatened presence, release, discharge, escape or dispersal of "pollutants or contaminants", all whether direct or indirect, proximate or remote, or in whole or in part caused by,contributed to or aggravated by any physical damage insured by this policy. This exclusion does not apply to: (a) Ensuing loss or damage caused by or resulting from fire;or (b) Loss or damage caused by or resulting from fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, leakage from automatic fire protective systems or windstorm or hail. 12. Loss resulting from change in color,flavor,texture or finish; 13. Indirect or remote loss or damage; MS 211964.1(1/18) Page 1 of 2 2018 CAPP-Westchester CAPP Page 45 of 46 Westchester Chuhh Ci nip ui 14. Loss resulting from insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating, or defending against such an event; 15. Loss resulting from any dishonest or criminal act(including theft)by the Insured, or any of the Insured's partners,members,officers,managers,employees (including temporary employees and leased workers), directors,trustees or authorized representatives,whether acting alone or in collusion with each other or with any other party; or theft by any person to whom you entrust the property for any purpose,whether acting alone or in collusion with any other party. This exclusion: (a) applies whether or not an act occurs during your normal hours of operation; and (b) does not apply to acts of destruction by your employees (including temporary employees and leased workers) or authorized representatives; but theft by the Insured's employees (including temporary employees and leased workers)or authorized representatives is not covered. 16. Loss resulting from expropriation, seizure, appropriation,nationalization,willful destruction, condemnation,requisition,or sequestration by law,order or administrative action of any government (whether civil,military,or de facto).This exclusion does not apply to loss or damage caused by or resulting from acts of destruction ordered by any government and done at the time of a fire to prevent its spread, if the fire would be insured under this policy. 17. Loss resulting from nuclear reaction, nuclear explosion,nuclear radiation,or radioactive contamination from any cause, all whether direct or indirect,controlled or uncontrolled,proximate or remote,or contributed to or aggravated by a peril insured herein. However,if fire not otherwise excluded results,the Company will be liable for direct physical loss or damage by such resulting fire but not including any loss or damage due to nuclear reaction,nuclear explosion,nuclear radiation,or radioactive contamination. 18. Loss resulting from hostile or warlike action in time of peace or war,including action in hindering, combating or defending against an actual,impending or expected attack by any: a. governmental or sovereign power(de jure or de facto); b. military,naval or air force; or c. agent or authority of any party specified in sub-paragraphs a. and b.immediately above. Under Insuring Agreement, Section II.TERRITORY is deleted and replaced with the following: Coverage applies to property located within the United States of America,including its territories and possessions. The Company is not liable for more than the limits shown in the coverage summary. All other terms and conditions remain unchanged. MS 211964.1(1/18) Page 2 of 2 2018 CAPP-Westchester CAPP Page 46 of 46 Colorado Counties Casualty and Property Pool Property Program (Layered/Quota Share Basis) (Continued) Covered Perils: Direct Physical Loss except where specifically excluded Manuscript Property Form will be amended to include the items noted above as well as adding wording for errors and omission,miscellaneous unnamed locations, etc. Coinsurance: • None Valuations: • Real&Personal Property at Replacement Cost and/or Per Policy Form • Vehicle Damage and Mobile Equipment Damage- Actual Cash Value • Time Element at Actual Loss Sustained Terms/Conditions: • Definition of Loss Occurrence(New) • Definition of Occurrence for Flood and Earthquake amended to 168 hours • Pollution,Contamination and Debris Removal Exclusion Endorsement • The War Risk and Terrorist Exclusion (if coverage is rejected) • Notice of Cancellation is 90 days except 10 days for non-payment of premium • Permission for Excess • Joint Loss Agreement(New) • Electronic Data Amendment Endorsement—Named Peril Exception(New)- • 0FAC Endorsement • Service of Suit Endorsement • Trade or Economic Sanctions Endorsement • Signature Endorsements Policy Territory: • Property located within the 50 United States and the District of Columbia Exclusions Include but are • Crime, Employee Dishonesty not Limited to: • Pollution,Mold or Fungus(except where specifically provided in the policy or by specific endorsement) • Nuclear • Inventory shortage,mysteri us disappearances • Service Interruption excludes Transmission/Distribution Lines • Fungus,Wet Rot,Dry Rote and Bacteria Exclusion • Nuclear, Biological,Chemical, Radiological (NCBR) • Asbestos Material Exclusion(Named Period Exception) Minimum Earned Premium: • Varies by carrier Claims Reporting CTSI as Claims Administrator for CAPP is to report claims when claim reaches 50%of the Instructions: Deductible or if a serious catastrophic claim such as fire,flood,earthquake, etc. Arthur J.Gallagher Risk Management Services,Inc. 2018 CAPP Property Summary CAPP Summary Page 4 5 MO r-. I% LIBERTY SURPLUS INSURANCE CORPORATION Excess Laye f, .,_ L1 xl C V, ,_:zc. S ja e COMMERCIAL PROPERTY In Witness Whereof,we have caused this policy to be signed by its President and Secretary. n PRISIDENT VICE PRESIDENT and SECRETARY Christopher L. Peirce Mark C.Touhey Liberty Surplus Insurance Corporation LSIPOLJKT Ed.2012 2018 CAPP Property-Liberty CAPP Page 1 of 19 llIli Commercial Property LIBERTY SURPLUS INSURANCE CORPORATION (A Ncw I lamp shirc Stock Insurancc Company,hcrcinattcr the"Company") 17.5 Bcrkcicv Strcct;Boston,MA 02116 'Poll-frcc numbcr: 1-8(X)-677-9163 POLICY DECLARATIONS Policy No.: 1000278470-01 At 12:(11 a.m.Standard Time,the Named Insurance Companies shown, (hereinafter referred to as the Company),in consideration of the payment of the premium specified in this policy and subject to each company's percent of participation, the limits of insurance,exclusions,conditions and other terms of this policy[or as may be added by form(s)or endorsement(s)]does agree with you to provide the insurance as stated in this policy. Insured's Name &Mailing Address: Colorado Counties Casualty and Property Pool 800 Grant Street,Suite 400 Placed by: c/o CTS1 Denver,CO 80203 Risk Placement Services, Inc. Policy Period: From: 12/31/2(17 To: 01/01/2019 Coverage Part(s): Commercial Property Limit of Liability: $7,500,000 (50.00°/,) part of$15,000,000 per occurrence excess of$10,(00,000 per occurrence. Hood and Earthquake are subject to an annual aggregate. Maximum Limit of Liability: $7,50{1,000 in any one occurrence Coverage Forms Manuscript Dorms Interests Covered: Real Property;Personal Property;Business Interruption Perils Insured Against: All Risks of Direct Physical Loss or Damage including flood and Earthquake, excluding Hood in Zones A,AO,AE,AH,Al-99,AR Deductible(s): As per Manuscript form Valuation: As per Manuscript form Coinsurance: As per Manuscript form This is a non-admitted carrier. Policy Premium: $115 625 It is the responsibility of RPS to arrange for the filing and Minimum Earned Premium: 3:i°A paying of surplus lines tax Minimum Premium endorsement(s)applies. Total Insured Values: Policy Premium is based on$2,516,749,954 as respects property and interest covered as of 09/25/2017 reported by the Insured in the application or request of this insurance. THIS CONTRACT IS DELIVERED AS A SURPLUS LINE COVERAGE UNDER THE'NONADMITTED INSURANCE ACT'. THE INSURER ISSUING THIS CONTRACT IS NOT LICENSED IN COLORADO BUT IS AN ELIGIBLE 1 2 NONADMITTED INSURER. THERE IS NO PROTECTION UNDER THE PROVISIONS OF THE'COLORADO INSURANCE GUARANTY ASSOCIATION To Report a Loss LSI-CPD001-0813 ACT'. • Dial toll-free#1 (844)777-8323 or visit our •Website: https://my.rpsins.com/claimsfnol 2018 CAPP Proper1y ma?mess CAPP Page 2 of 19 • Contact Insurer directly (see policy section) Lead Carrier(s): Westchester Surplus Lines Insurance Company Policy No.D38095)432 001 This policy is made and accepted subject to the above statement together with the provisions, stipulations and agreements contained in the forms) and endorsement(s) made a part of this policy and shown in the Forms and Endorsement Schedule. Brokerage Finn: Risk Placement Services Inc Attn: Stephen Adair 2400 Lakeview Parkway Suite 675 Alpharetta,GA 30009 DATE ISSUED: 01/19/2018 The Insurer is a surplus lines insurer,is not licensed by the State and is subject to limited regulation. In the event of insolvency of the Insurer, the insurance is not covered by the State's guaranty fund. This policy may be subject to surplus lines taxes, stamping fees, surcharges, and certain surplus lines reporting requirements mandated by state regulations. The Surplus Lines Broker is responsible for the disclosure of all related taxes, surcharges, and fees. The Surplus Lines Broker is also responsible for the applicable surplus lines reporting requirements including but not limited to the submission of diligent search forms. This policy is issued by a surplus lines insurer. In the event of insolvency of the insurer,this insurance is not covered by the Guaranty Fund or Guarantee Association. In consideration of the payment of premium and in reliance upon statements made in the application,this policy including all endorsements issued herewith shall constitute the contract between Company and the Named Insured. This policy is valid only if signed below by a duly authorized representative of the company. This policy,including all endorsements issued herewith,is hereby signed by: PRESIDENT VICE PRESIDENT and SECRETARY Christopher L. Peirce Mark C.Touhey 02/01/2018 Date 2 2 LSI-CPD001-0813 2018 CAPP Property-Liberty CAPP Page 3 of 19 .... ,....i. 5% , ii.' "', - ., roit. ,!„?!,!:„ . Commercial Property ,.r! $�. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New 1 lamp shire Stock Insurance Company,hereinafter the"Companc') Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 The following are the forms attached to and forming a part of this policy: FORMS AND ENDORSEMENTS SCHEDULE Policy jacket Commercial Property Policy Declarations LSI-CPD001-0813 Forms and Endorsements Schedule LSI-CPE007-1210 Commercial Property Conditions LSI-CPP001-1113 Manuscript Form Minimum Lamed Premium Clause-Percentage LSI-CPL009-0111 U.S Economic and Trade Sanctions Clause OFAC 08/09 Service of Suit Clause SC-9-CC) (05/16) Exclusion of Certified Acts of Terrorism CG 21 73 01 08 Notification of Claims 1 1 LSI-CP[007-1210 2018 CAPP Property-Liberty CAPP Page 4 of 19 Igo 5% Commercial Property ,.r! v. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New I Iampshirc Stock Insurance Company,hereinafter the"Company") Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 COMMERCIAL PROPERTY CONDITIONS All Coverage Parts included in this policy are subject to the following conditions. 1. Cancellation A. 'You may cancel this policy by mailing or delivering to us an advanced written notice of cancellation stating when the cancellation shall be effective. B. We may cancel this policy for any reason by giving you written notice of cancellation at least: i. 10 days before the date of cancellation if we cancel for non-payment of premium;or ii. 30 days before the date of cancellation if we cancel for any other reasons C. The cancellation will be effective even if we have not made or offered a refund.If notice is mailed,proof of mailing will be sufficient proof of notice. D. If this policy is cancelled,we will send to you any refund premium due.If we cancel,the refund will be pm rata.If you cancel,the refund will be 90°/%of pm rata. 2. Abandonment You may not abandon property to us. 3. Appraisal If you disagree with us on the amount of a loss,either party may demand that the disputed amount be submitted for appraisal.A demand for appraisal will be made in writing within 60 days after our receipt of proof of loss. Each party will then choose a competent and disinterested appraiser. Each party will notify the other of the identity of its appraiser within 30 days of the written demand for appraisal. The two appraisers will choose a competent and disinterested umpire.If the appraisers are unable to agree on an umpire within 1:i days,you or we may petition a judge of a court of record in the state where the covered loss occurred,to select an umpire. The appraisers will then set the amount of the loss or damage.If the appraisers submit a written report of an agreement to you and us,the amount they agree on will be the amount of our payment for the loss or damage. If the appraisers fail to agree within a reasonable time,they will submit their differences to the umpire.Written agreement signed by any two of these three will set the amount of loss or damage. Each party will pay its chosen appraiser and bear the other expenses of the appraisal and umpire equally. 4. Assignment Your assignment of this policy will not be valued except with our written consent. 5. Brands and Labels In the event of a covered loss to branded or labeled merchandise,we may choose to take title to all or any part of that merchandise,at the value established by the terms of this policy. 1 5 LSI-CPP001-1113 2018 CAPP Property-Liberty CAPP Page 5 of 19 Igo 5% Commercial Property ,.r! $�. :r" ..x; You may,at your own expense, stamp"salvage"on the merchandise or its containers,or may remove or obliterate the brands or labels. If such stamp,removal or obliteration will not physically damage the merchandise,but you must re-label the merchandise or containers in compliance with the requirements of law. 6. 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. The policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy. 7. Collection from Others Payment to you for a covered loss will be reduced to the extent you have collected that loss from others. 8. 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,at any time,intentionally conceal or misrepresent a material fact concerning: A. This Coverage Part; B. The Coverage Property; C. 'Your interest in the Covered Property;or D. A claim under this Coverage Part. 9. 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 coverage at any location where,at the time of loss or damage,the breach of condition does not exist. 10. Coverage Territory Under this Coverage Part the coverage territory is the United States of America,Puerto Rico, Canada,and Virgin Islands. 11. Examination of Your Books and Records We may examine and audit your books and records as they relate to this policy at any time during the policy period and up to three years thereafter. 12. Inspections and Surveys A. We have the right to: i. Make inspections and surveys at any time; ii. Give you reports on the conditions we find;and iii. Recommend changes. B. We are not obligated to make any inspections,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 condition: i. Are safe or healthful;or ii. Comply with laws,regulations,codes or standards. C. Paragraph a. and b.of this condition apply not only to us,but also to any rating,advisory,rate service or similar organization which makes insurance inspections,surveys,reports or recommendations. D. Paragraph b.of this condition does not apply to any inspections,surveys,reports or recommendations we may make relative to certification,under state or municipal statutes,ordinances or regulations,of boilers, pressure vessels or elevators. 2 5 LSI-CPP001-1113 2018 CAPP Property-Liberty CAPP Page 6 of 19 +Mo 5% FL IL. --:,,,. !.:Commercial Property ,.r! $o. :r"` ..x; 13. Legal Action Against Us No suit or other legal proceeding shall be brought against us unless there has been full compliance with all the policy terms and conditions.Any suit against us must be brought within one (1) year after the date on which the direct physical loss or damage occurred,or the shortest time permitted by law,whichever is greater. 14. No Benefit to Bailee No person or organization, having custody of your insured property,will benefit from this policy. 15. Notification of Claim The insured,upon knowledge of any occurrence likely to give rise to claim for loss or damage as covered shall notify the Company as soon as practicable but no later than one (1) year from Policy expiration. 16. Other Insurance A. If there is any other insurance that would apply in the absence of this policy,we will pay for a covered loss only after the limits of all other applicable insurance are exhausted. B. If this policy is deemed by law to contribute to a loss with other insurance,we will pay only our proportionate share of the loss,up to the applicable limit of liability. Our share will be the proportion that the applicable limit of liability of this policy bears to the total applicable limits of liability available from all insurance. C. 'You are permitted to have other insurance over any limits or sublimits of liability specified in this policy. D. The existence of such insurance will not reduce any limit or sublimit of liability in this policy. E. To the extent this policy replaces another policy,coverage under this policy shall not become effective until such other policy has terminated. 17. Our Options At our option,we will repair,rebuild or replace damaged insured property with other property of like kind and quality within a reasonable period of time.If we elect to repair or replace the insured property,we will notify you of that decision within 60 day s of our receipt of vour proof of loss.We will,at our option,take the title to all or any part of the damaged or destroyed property at the agreed or appraised value. 18. Pair,Sets,or Parts In the event of a covered loss to an article that is part of a pair or set, our payment for that loss will be: A. The cost to repair or replace any part to restore the pair or set to its value before the covered loss;or B. The difference between the value of the pair or set before and after the covered loss. In no event will the loss of part of a pair or set be regarded as a total loss of the pair or set. When insured property consists of several parts,we will pay only for the lost or damaged part. 19. Payment of Loss We will pay the covered loss within 30 days after we receive and accept the signed,sworn Proof of Loss,if: A. you have complied with all the terms of this policy; B. we have reached agreement with you on the amount of covered loss;or C. an appraisal award is made as provided for in the APPRAISAL condition of this policy. 20. Premiums The first Named Insured shown in the Declarations: A. Is responsible for the payment of all premiums;and B. Will be the payee for any return premiums we pay. 3 5 LSI-CPP001-1113 2018 CAPP Property-Liberty CAPP Page 7 of 19 +Mo 5% FL IL. --:,,,. !.:Commercial Property ,.r! $o. :r"` ..x; 21. Preservation of Property If it is necessary to move insured property from a covered location to preserve it from loss or damage by a peril insured against,we will pay for the cost of removal and any direct physical loss or damage to that property: A. While it is being moved or while temporarily stored at another location;but B. Only if the loss or damage occurs within 10 days after the property is first moved. C. Payment under this Coverage Lxtension will not exceed the amount we would have paid if the insured property had not been removed. Payment under this Coverage Lxtension will not increase the applicable Limit of Liability. 22. Requirements in Case of a Loss In case of a loss,you will: A. Give us immediate written notice of the loss; B. Give notice of such loss to the proper authorities if the loss may be due to a violation of the law; C. As soon as possible,give us a description of the property involved and how,when and where the loss happened; D. Take all reasonable steps to preserve and protect the insured property from further damage; E. Promptly separate the damaged property from the undamaged property,and keep it in the best possible order for examination; I. Furnish a complete inventory of the lost,damaged and destroyed property,showing in detail the quantity, and amount of loss claimed under the valuation provision of the policy; G. Keep an accurate record of all repair costs; H. Keep all bills,receipts and related documents that establish the amount of loss; 1. As often as may reasonably be required: i. Permit us to inspect the damaged property and take samples for inspection,testing and analysis. ii. Produce for inspection and copying,all of your books of account,business records,bills and invoices. iii. Permit us to question,under oath,you and any of your agents,employees,or representatives involved in the purchase of this insurance or the preparation of your claim,including any public adjusters and any of their agents,employees or representatives,and verify your answers with a signed acknowledgment. J. Submit to us,within 60 days from the date of loss,unless we extend the time in writing,a signed,sworn Proof of Loss that states to the best of your knowledge and belief: i. The time and origin of the loss; ii. Your interest and the interest of all others in the property involved; iii. Any other policies of insurance that may provide coverage for the loss; iv. Any changes in title or occupancy of the property during the policy period,and v. The amount of your claimed loss. K. Cooperate with us in the investigation and adjustment of the loss. 23. Salvage and Recoveries All salvages,recoveries,and payments,excluding proceeds from subrogation and underlying insurance recovered or received prior to a loss settlement under this policy,shall reduce the loss accordingly. 24. Service of Suit: It is agreed that in the event of the failure of this Company hereon to pay any amount claimed to be due hereunder,this Company hereon,at the request of the Insured,will submit to the jurisdiction of any court of competent jurisdiction with 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. 4 5 LSI-CPP001-1113 2018 CAPP Property-Liberty CAPP Page 8 of 19 Igo 5% Commercial Property ,.r! $�. :r" .x; It is further agreed that service of process in such suit may be made upon the Company Presidents,or their nominees. In any suit against any one of them upon this policy,the Company will abide bv the final decision of such Court or any Appellate Court in the event of an appeal. Company Presidents,or their nominees are authorized and directed to accept service of process on behalf of the Companies 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 statue of any state,territory or district of the United States of America,which makes provision therefore,this Company hereon hereby designates the Superintendent,Commissioner or Director of Insurance of other officer specified for that purpose in the stature or his successor or successors in office,as their true and lawful attorney upon whom may be served any lawful process in any action,suit or proceeding instituted by or on behalf of the Insured or any beneficiary hereunder arising out of this contract of insurance, and hereby designate the above named as the person to whom the said officer is authorized to mail such process or a true copy thereof. 25. Titles of Paragraphs The titles of paragraphs of this policy and of any endorsements attached to it are only for reference.They do not affect the terms to which they relate. 26. Transfer of Rights of Recovery Against Others to Us: If any person or organization to or for whom the Company makes 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 necessary to secure our rights and must do nothing after loss to impair them. But you may waive your rights against another party in writing: A. Prior to a loss to the Insured's Covered Property of Covered Income. B. After a loss to the Insured's Covered Property or Covered Income only if,at time of loss,that party is one of the following: i. Someone insured by this insurance; ii. A business firm: (a) Owned or controlled by you;or (b) That owns or controls you;or (c) Your tenant. This will not restrict the Insured's insurance. 27. Transfer of Your Rights and Duties Under This Policy 'Your rights and duties under this policy may not be transferred without our written consent. 5 5 LSI-CPP001-1113 2018 CAPP Property-Liberty CAPP Page 9 of 19 EXCESS PHYSICAL DAMAGE FORM (U.S.A. AND CANADA) THE SCHEDULE Policy Number: 1. Name of Insured Colorado Counties Casualty and Property Pool 2. Address of Insured: c/o CTSI, 800 Grant Street, Ste 400, Denver, CO 80203 3. Policy Period: From: December 31, 2017 To: January 1, 2019 Both days at 12:01a.m. Local Standard Time 4. Perils Insured: As defined in Primary policy issued by Westchester Surplus Lines Insurance Co. (Lead Insurer), Policy Number 5. The Property or Interest As defined in Primary policy issued by Westchester Surplus Lines Insurance Co. (Lead Insurer), Policy Number 6. The Property Is located or contained at: As defined in Primary policy issued Westchester Surplus Lines Insurance Co. (Lead Insurer), Policy Number 7. Premiums $508,750 plus 15,262.50 CO Surplus Lines Tac(excluding TRIA) 8. (a) Primary Insurer(s): COVERAGE TOTAL LIMIT OF LIABILITY INSURER/POLICY NUMBER LAYER FOR PRIMARY INSURER(S) LIM III PARTICPATION $10,000,000 Per Occurrence $2,000,000/20%-Westchester Except$5,000,000 Per Occurrence and Policy No. Annual Aggregate for Flood Zone A Excess of CAPP Deductibles inclusive $5,500,000155% UWs at Lloyds Of CAPP Member Deductibles Policy No. $2,500,000125%-Peleus Insurance Policy No. If two or more deductible amounts provided in this Policy apply to a single Occurrence, the total to be deducted shall not exceed the largest deductible applicable unless otherwise stated in this CAPP Primary Policy CAPP,Excess Physical Damage Form 1/1/2018 Page 4 of 3 2018 CAPP Property-Liberty CAPP Page 10 of 19 EXCESS PHYSICAL DAMAGE FORM (U.S.A. AND CANADA) THE SCHEDULE (b) Underlying Excess Insurer(s): COVERAGE TOTAL LIMIT OF LIABILITY INSURER/POLICY NUMBER LAYER FOR ALL UNDERLYING EXCESS LIMITIPARTICPATION INSURER(S) II. $7,500,000/50%-Liberty Surplus $15,000,000 Per Occurrence Excess of Insurance Corporation $10,000,000 Including Flood (excluding Policy No. Flood Zone A)and Earthquake All Excess CAPP Primary Deductibles $4,500,000/30%-UWs at Lloyds Policy No. $3,000,000/20%—Westchester Surplus Lines Insurance Co. Policy No. III. $75,000,000 Per Occurrence excess of 100%- Homeland Insurance Co. of $25,000,000 except New York $25,000,000 Per Occurrence/Annual Policy No. Aggregate for Flood(excluding Flood Zone A) excess of$25,000,000 $25,000,000 Per Occurrence/Annual Aggregate for Earthquake excess of $25,000,000 All Excess CAPP Primary Deductibles 9. Total Limits[including "Primary"and "Underlying Excess"]subject to annual aggregates[per layers and participation's as outlined in item 8 above]: Flood (excluding Flood Zone A): $50,000,000 Per Occurrence and Annual Aggregate excess$150,000 Per Occurrence Flood (Zone A)$5,000,000 Per Occurrence and Annual Aggregate excess of 2% Per Building/Structure of the sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifiable building or structure that has sustained a loss or damage and for which a claim is being made; Minimum$1,000,000 Per Occurrence Earthquake$50,000,000 Per Occurrence and Annual Aggregate excess of$150,000 any one occurrence 10. Notification of Claims to: CAPP,Excess Physical Damage Form 1/1/2018 Page 5 of 3 2018 CAPP Property-Liberty CAPP Page 11 of 19 EXCESS PHYSICAL DAMAGE FORM (U.S.A. AND CANADA) 1. INSURING CLAUSE: Subject to the limitations,terms and conditions contained in this Policy or added hereto,the Insurer(s)agree to indemnify the Insured named in the Schedule herein in respect of Direct Physical loss or damage to the property described in Item 5 of the Schedule,while located or contained as described in the Schedule,occurring during the period stated in the Schedule and caused by any such perils as are set forth in Item 4 of the Schedule and which are also covered by and defined in the Policy/ies specified in the Schedule and issued by the"Primary Insurer(s)"stated therein. 2. APPLICATION OF UNDERLYING PROVISIONS: In respect of the perils hereby insured against this Policy is subject to the same warranties,terms and conditions(except as regards the premium,the amount and Limits of Liability other that the deductible or self-insurance provision where applicable,and the renewal agreement,if any,AND EXPET AS OTHERWISE PROVIDED HEREIN)as are contained in aor as may be added to the Policy/ies of the Primary Insurer(s)prior to the happening of a loss for which claim is made hereunder and should any alteration be made in the premium for the Policy/ies of the Primary Insurer(s),then the premium hereon may be adjusted accordingly. 3. LIMIT: Provided always that liability attached to the Insurer(s)only after the Primary and Underlying Excess Insurer(s)have paid or have admitted liability for the full amount of their respective liability as set forth in Item 8 and/or 9 of the Schedule and designated"Primary and Underlying Excess Limit(s)"and then the limits of the Insurer(s)Liability shall be those set forth in Item 8 and/or 9 of the Schedule under the designation"Excess Limit(s)"and the Insurer(s)shall be liable to pay up to the full amount of such"Excess Limit(s)". 4. MAINTENANCE OF PRIMARY AND UNDERLYING EXCESS POLICY/IES AND LIMITS: It is a condition precedent to recovery under this Policy that the Policy/ies and Limit(s)of the Primary and Underlying Excess Insurer(s)set forth in Items 8 and 9 of the schedule be maintained in full force and effect,except for any reduction or exhaustion of any underlying aggregate Limits of Liability contained therein solely by the amount of losse(es)paid or admitted during the policy year. There is no recovery under this excess policy as respects those coverages which are sublimited within the primary and/or underlying excess policy(ies)to amounts less than the amount indicated in Item 8 of the Schedule,however,the insurers to this excess policy recognize that the primary and underlying excess policy limits can be eroded or exhausted,wholly or partially,by application of said sublimits. In the event of such reduction of the aggregate Limits of Liability of the Primary and Underlying Excess Insurance's this Policy shall pay excess over the reduced aggregate limit. In the event of exhaustion of aggregate Limits of Liability of the Primary and Underlying Excess Insurance's this Policy,subject to all its provisions,shall continue in force as Primary Insurance in respect of the peril for which the aggregate Limit of Liability has been so exhausted and the deductible or self-insured amount applicable to that peril,as set forth in Item 8 of the Schedule,shall apply to this Policy. 5. UNCOLLECTIBILITY OF OTHER INSURANCE Notwithstanding any of the terms of this Policy that might be construed otherwise,the insurance provided by the Policy shall always be in excess over the maximum monetary limits set forth in Item 8 and/or 9 of the Schedule 9reduced only by reduction of any underlying aggregate limits as provided for in Clause 4 herein)regardless of the uncollectibility (in whole or in part)of any underlying insured amounts for any reason,including, but not limited to,the financial impairment or insolvency of an underlying insurer(s). The risk of uncollectibility(in whole or in part)of other insurance,whether because of financial insolvency of an underlying or other insurer(s)or for any other reason, is expressly retained by the Insured and is not in any way or under any circumstances insured or assumed by Insurer(s). 6. DEFINITIONS (a) Occurrence "Occurrence"means all covered loss,damage,or a sequence of losses or damage, casualties or disasters,arising from a single event or catastrophe.So far as loss involving in whole or in part,the perils of wind, (including hurricanes,tornadoes,cyclones),snow, rain,or hail is concerned a single event shall mean one single atmospheric disturbance during a continuous period of seventy-two(72)hours(not limited by the date on which coverage under this policy ceases). (b) Ultimate Net Loss The words"ultimate net loss"shall mean the loss sustained by the Insured as a result of each and every loss or series of losses arising our of one occurrence, limited by CAPP,Excess Physical Damage Form 1/1/2018 Page 1 of 3 2018 CAPP Property-Liberty CAPP Page 12 of 19 EXCESS PHYSICAL DAMAGE FORM (U.S.A. AND CANADA) (i) Any sub-limits contained within this Policy or the Policy/ies of the Primary and/or Underlying Excess Insurer(s),and (ii) Making deductions for all salvages,recoveries,and other insurance's(other than the recoveries under the Policy/ies of the Primary and Underlying Excess Insurer(s). (c) Policy Year the words"policy year"shall be understood to mean the period in Item 3 of the Schedule. 7. APPLICATION OF RECOVERIES: All salvages,recoveries or payments recovered or received subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to such settlement and all necessary adjustments shall then be made between the Insured and the Insurer(s),provided always that nothing in the Policy shall be construed to mean that losses under this Policy shall be construed to mean that losses under this Policy are not recoverable until the Insured's ultimate net loss has been finally ascertained. 8. CANCELLATION This insurance may be cancelled by the Insured at any time by written notice or by surrender of this Policy. The insurance may also be cancelled by or on behalf of the Insurer(s)by delivering to the Insured or by mailing to the Insured by registered,certified or other first class mail,at the Insured's address as shown in this insurance written notice stating when,not less than ninety(90)days thereafter,the cancellation shall be effective. The mailing of such notice as aforesaid shall be sufficient proof of notice and this insurance shall terminate at the date and hour specified in such notice. If this insurance shall be cancelled be the Insured,the Insurer(s)shall retain the customary short rate proportion of the premium hereon,except that if this insurance is on a adjustable basis,the insurer(s)shall receive the earned premium hereon,or the customary short rate proportion of any minimum premium stipulated herein,whichever is greater. If this insurance shall be cancelled by or on behalf of the Insurer(s),the Insurer(s)shall retain the pro rata proportion of the premium hereon,except that if this insurance is on a adjustable basis,the insurer(s)shall receive the earned premium hereon,or the pro rata proportion of any minimum premium stipulated herein,whichever is greater. Payment or tender of unearned premium by the Insurer(s)shall not be a condition precedent to the effectiveness of cancellation but such payment shall be made as soon as practicable. If the period of limitation relating to the giving of notice is prohibited or made void by any law controlling the construction thereof,such period shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. Notwithstanding anything contained in Item 8 CANCELLATION of the wording to the contrary, in the event of non- payment of the Premium stated in the Schedule Insurer(s)may cancel this insurance with written notice to the Assired stating when,not less that ten(1)days thereafter,the cancellation shall be effective. 9. NOTIFICATION OF CLAIMS The Insured upon knowledge of any occurrence likely to give rise to a claim hereunder shall give immediate written advice thereof the person(s)or firm named for the purpose in Item 10 of the Schedule. 10. PRIORITY OF PAYMENT Notwithstanding anything contained herein to the contrary it is hereby agreed that in the event of a claim hereunder which involves more than one interest and/or peril,it shall be at the sole option of the Insured to apportion recovery under this policy when submitting final proof of loss,subject to the overall amount of claim not exceeding the overall limit of liability contained herein for any one loss. For the purpose of attachment of coverage for excess layers,it is further agreed that loss involving any interest and/or peril covered in primary or underlying excess layers, but excluded in higher excess layer,shall be recognized by such excess layers as eroding or exhausting the occurrence limits of the primary and/or underlying excess layer(s). Nothing herein,however,shall be deemed to extend coverage in such layer(s)to include loss from the specifically excluded peril in the excess layer(s)itself. CAPP,Excess Physical Damage Form 1/1/2018 Page 2 of 3 2018 CAPP Property-Liberty CAPP Page 13 of 19 EXCESS PHYSICAL DAMAGE FORM (U.S.A. AND CANADA) 11. OCCURRENCE LIMIT OF LIABILITY The Limit of Liability or Amount of Insurance shown on the face of this policy,or endorsed onto this policy, is the total of the Insurer(s)liability applicable to each occurrence,as hereafter defined. Notwithstanding any other terms and conditions of this policy to the contrary, in no event shall the liability of the Insurer(s)exceed this limit or amount irrespective of the number of locations involved. The term"occurrence"shall mean any one loss,disaster,casualty or series of losses,disasters,or casualties,arising our of one event. When the term applies to loss or series of losses from the perils of tornado,cyclone, hurricane,windstorm, hail,flood,earthquake,volcanic eruption,riot,riot attending a strike,civil commotion,and vandalism and malicious mischief,one even shall be considered to ball losses arising during a continuous period of 168 hours. When filing proof of loss,the Insured may elect the moment at which the 168 hour period shall be deemed to have commenced,which shall not be earlier that the first loss to any covered property occurs. The premium for this policy is based upon the Statement of Values on file with the Insurer(s),or attached to this policy. In the event of loss hereunder, liability of the Insurer(s),subject to terms of paragraph one(1)above,shall be limited to the least of the following: a. The actual adjusted amount of loss,less applicable deducible(s) b. The Limit of Liability or Amount of Insurance shown on the face of this policy or endorsed onto this policy. 12. PERMISSION FOR EXCESS INSURANCE Permission is hereby granted to purchase insurance in excess of the amount(Limit of Liability)stated in this policy. Such excess insurance shall not be considered other insurance for the purpose of the"Other Insurance"clause. CAPP,Excess Physical Damage Form 1/1/2018 Page 3 of 3 2018 CAPP Property-Liberty CAPP Page 14 of 19 .... ,....i. 5% , ii.' "', - ., roit. ,!„?!,!:„ . Commercial Property ,.r! $�. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New 1 lamp shire Stock Insurance Company,hereinafter the"Company') Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MINIMUM EARNED PREMIUM CLAUSE—PERCENTAGE In the event of cancellation of this policy or reduction of coverage by the Insured,a minimum premium of 350/ of the original policy premium shall become earned;any conditions of the policy to the contrary notwithstanding. Failure of the Insured to make timely payment of premium shall be considered a request by the Insured for the Company to cancel.In the event of such cancellation by the Company for non-payment of premium,the minimum premium shall be due and payable;provided,however,such non-payment cancellation shall be rescinded if the Insured remits the full premium due within 10 days of receiving it. In the event of any other cancellation by the Company,the earned premium shall be computed pro rata,not subject to the minimum premium. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. 1 1 LSI-CP L009-0111 2018 CAPP Property-Liberty CAPP Page 15 of 19 dor 5% ro,,,,„.. ,!„?!,!,„ : Commercial Property ,.r! $�. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New 1 lamp shire Stock Insurance Company,hereinafter the"Company') Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. U.S. ECONOMIC AND TRADE SANCTIONS CLAUSE Whenever coverage provided by this policy would be in violation of any II.S. economic or trade sanctions such as,but not limited to,those sanctions administered and enforced by the U.S.Treasury Department's Office of Foreign Assets Control ("OF AC"), such coverage shall be null and void. Similarly,any coverage relating to or referred to in any certificates or other evidences of insurance or any claim that would be in violation of U.S. economic or trade sanctions as described above shall also be null and void. 1 1 OI*AC 08/09 2018 CAPP Property-Liberty CAPP Page 16 of 19 dip 5% filik. IL. --:,,,. !..Commercial Property ,.r! $o. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New 1 lamp shire Stock Insurance Company,hereinafter the"Company') Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SERVICE OF SUIT CLAUSE—COLORADO This endorsement modifies insurance provided under the following: ALL COVERAGL PARTS IN THIS POLICY Liberty Surplus Insurance Corporation hereby appoints the Superintendent,Commissioner or Director of Insurance or other officer specified for that purpose in the statute or his successor or successors in office,as the true and lawful attorney upon whom may be served any lawful process in any action,suit or proceeding instituted by or on behalf of the Insured or any beneficiary hereunder arising out of this contract of insurance. The Company furthermore designates Corporation Service Company, 1560 Broadway,Suite 2090,Denver,CO 80202 as the agent to whom a copy of the Service of Process should be forwarded by the Superintendent,Commissioner or Director of Insurance or other officer specified for that purpose in the State of Colorado. A copy of any process,"suit", complaint or summons should be sent to Mark C.Touhey,Vice President and Secretary, Liberty Surplus Insurance Corporation, 175 Berkeley St.,Boston,MA 02116. 1 1 SC-9-CC) (05/16) 2018 CAPP Property-Liberty CAPP Page 17 of 19 Igo 5% FL IL. --:, !..Commercial Property ,.r! $o. :r"` ..x; LIBERTY SURPLUS INSURANCE CORPORATION (A New 1 lamp shire Stock Insurance Company,hereinafter the"Company') Named Insured: Colorado Counties Casualty and Property Pool Policy Number: 1000278470-01 Effective Date: 12/31/2017 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF CERTIFIED ACTS OF TERRORISM A. The following exclusion is added: This insurance does not apply to: TERRORISM "Any injury or damage" arising,directly or indirectly,out of a"certified act of terrorism". B. The following definitions are added: 1. For the purposes of this endorsement,"any injury or damage"means any injury or damage covered under any Coverage Part to which this endorsement is applicable,and includes but is not limited to"bodily injury'", "property damage","personal and advertising injury","injury"or"environmental damage"as may be defined in any applicable Coverage Part. 2. "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 General of the United States,to be an act of terrorism pursuant to the federal Terrorism Risk Insurance Act. The criteria contained in the Terrorism Risk_Insurance Act for a "certified act of terrorism"include the following: a. 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 b. 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 con-duct of the United States Government by coercion. 1 1 CG 21 73 01 08 2018 CAPP Property-Liberty CAPP Page 18 of 19 Important Notice to Our Insureds/Brokers/Agents NOTIFICATION OF CLAIMS Upon knowledge of any occurrence likely to give rise to a claim hereunder, "you" must give immediate notice to: Liberty International Underwriters Property Claims Department Claim Reporting Email: EandSClaimsCce,LibertyIU.com 2018 CAPP Property-Liberty CAPP Page 19 of 19 • 114 ALES �xccs_, Lays.-: l• xs -OTC-, Insurer Authorized Document of Insurance (Lloyds & Companies ) This Insurance is effected with certain Underwriters at Lloyd's, London (not incorporated) and certain Companies. In this document these Underwriters and Companies will hereinafter be referred to as "the Insurers". The Insurers hereby agree in consideration of payment to them of the premium specified herein by or on behalf of the Insured, to insure against loss, including but not limited to associated expenses specified herein, if any, to the extent and in the manner provided in this Document of Insurance. The Security Details contained in this document state which Insurers are party to this contract and defines their several (not joint) liability. It should be noted that if the attached wordings and endorsements refer to 'the Assured' it is deemed to mean 'the Insured'. It is noted that if there are references in the attached wordings and endorsements to `Underwriters' it is deemed to mean 'the Insurers'. It is further noted that if there are references to 'this policy' in the attached wordings and endorsements it is deemed to mean 'this Document of Insurance'. If any terms, clauses or conditions are unclear you are advised to contact your broker immediately. • Broker : Alesco Risk Management 67 Lombard Street London EC3V 911 United Kingdom. Property Division : +44(0) 207204 6000 Claims Division : +44(0) 207204 6119 s13812 2018 CAPP Property-Lloyds CAPP Page 1 of 36 INSURER AUTHORIZE❑ DOCUMENT OF INSURANCE CONTENTS PAGE SECTION I -RISK DETAILS 2 SECTION II - INFORMATION 5 SECTION III - SECURITY DETAILS 7 SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS 12 SECTION V - FISCAL AND REGULATORY SECTION 15 SECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION 16 SECTION VII - THE WORDING 17 SECTION VIII - SUPPLEMENTAL CLAUSES 19 2018 CAPP Property-Lloyds CAPP Page 2 of 36 THIS CONTRACT IS DELIVERED AS SURPLUS LINES INSURANCE UNDER THE 'NONADMITTED INSURANCE ACT'. THE INSURER ISSUING THIS CONTRACT IS NOT ADMITTED IN COLORADO BUT IS AN ELIGIBLE NONADMITTED INSURER. THERE IS NO PROTECTION UNDER THE PROVISIONS OF THE 'COLORADO INSURANCE GUARANTY ASSOCIATION ACT. t _ AL O 1263 ARM MARKET REFORM CONTRACT Joel D. Cavaness UMR: B1263EW0039418 SECTION I -RISK DETAILS. Placed by: UNIQUE MARKET Risk Placement Services, Inc. REFERENCE: B1263EW0039418 TYPE: Co Insurance of Risks of Direct Physical Loss or Damage Including Flood, Earthquake and Equipment Breakdown. INSURED: Colorado Counties Casualty and Property Pool and its affiliated, subsidiary, and associated companies and/or corporations and the insured's interest in partnerships and joint ventures as now exist or may hereafter be constituted or acquired and any party in interest which the insured is responsible to insure. • ADDRESS: C/O CTSI 800 Grant ST, Suite 400 Denver, CO 80203 PERIOD: From: 1$t January 2018 To: 15t January 2019 • Beginning and ending at 12:01 a.m. Local Standard Time at the location of the property insured. INTEREST: Real and Personal Property as described in the Co Insurer's Policy Wording and as declared to the Underwriters. TIME ELEMENT: Business Interruption as described in the Co Insurer's Policy Wording and as declared to the Underwriters. SUM INSURED: Subject to the `Order Hereon' stated in SECTION III - SECURITY DETAILS, the Limits of Underwriters' Liability shall be the following Limit(s) of Liability. Limit(s) of Liability: USD 25,000,000 ultimate net loss each occurrence, USD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Flood, and USD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Earthquake. �i Earv�.i9L%.J. rill lJ llIci f�!Ilo. USD 150,000 per occurrence for loss from All Perils except: Windstorm/ Hail: 2% Per Building/Structure of the sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifia I building or structure that has sustained a loss or damage and for which ►�, claim is being made under this policy; subject to the minimum deductibl USD 150,000 per occurrence. To Report a Loss RPSATLA/SC/2018.01.29 • Dial toll-free#1 (844)777-8323 or visit our • Website: https://my.rpsins.com/claimsfnol • Contact Insurer directly(see policy section) 2018 CAPP Property-Lloyds CAPP Page 3 of 36 AL =c 1263 • ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 DEDUCTIBLES Continued: Flood-SFHA/100 Year Flood: 2% of the total insurable value at each covered location (including 12 months loss of income/extra expense if covered) involved in the loss as of the date of loss; subject to a minimum of USD 1,000,000 per occurrence. Time Element: 24 Hours Service Interruption All as more fully stated in the Co Insurer's Policy Wording and as declared to the Underwriters. NOTICES: NOT APPLICABLE As attached in SECTION VIII— SUPPLEMENTAL CLAUSES TERRITORY: United States of America, its territories, possessions and Canada. CONDITIONS: As per Co Insurance Wording based on NMA2074, as attached SECTION VII, following the terms of the Expiring Wording, Issued by Lexington Insurance Company, Policy number 020412751 SUPPLEMENTAL CLAUSES: as attached SECTION VIII including:- WEH Asbestos Endorsement(1994) -518ARM00210 Biological or Chemical Materials Exclusion -NMA2962 Radioactive Contamination Exclusion Clause- Physical Damage - Direct (U.S.A.) - NMA1191 War and Terrorism Exclusion Endorsement-NMA2918 U.S. Terrorism Risk Insurance Act Of 2002 As Amended Not Purchased Clause - LMA5219 Fraudulent Conduct and Misrepresentation Clause- LMA5120 Application of Sublimits Endorsement— LMA5130 Sanction Limitation and Exclusion Clause LMA3100 Electronic Data Endorsement B —NMA2915 Inadvertent Errors and Omissions Clause Extension of Coverage-- Miscellaneous Unnamed Location Off Premises Utilities' Services Clause (Business Interruption) - LMA5041 (amended) Ingress/Egress Extension (Business Interruption) —LMA 5164 Civil or Military Authority Extension (Business Interruption) —LMA5161 Business Interruption Extension—LMA 5039 1`fQV OF F_AW &JURISDICTION: Law: State of Colorado, United States of America. Jurisdiction: United States of America per the LMA5020 Service of Suit Clause. LMA 5020 Service of Suit Clause naming Mendes and Mount, 750 Seventh Avenue, New York, NY 10019-6829, USA I 2018 CAPP Property-Lloyds CAPP Page 4 of 36 . -_-- - s IV 1263 .. , L-Lc ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 PREMIUM: Material Damage/Time Element Premium : $ 346,875.00 CO Surplus Lines Tax : $ 10,406.25 USD 1,156,250 (100%)Annual, Total Charges . $ 357,281.25 (Hereon USD 346,875 for 30% order) This is a non-admitted carrier. It is the responsibility of RPS PREMIUM PAYMENT to arrange for the filing and • TERMS: Premium Payment Condition (Time On Risk1 4186 paying of surplus lines tax • It is a condition of this contract of Insurance that the premium due at inception must be paid to and received by Insurers on or before midnight on 16th February 2018 If this condition is not complied with, then this contract of Insurance shall i' terminate on the above date with the Insured hereby agreeing to pay premium calculated at not less than pro rata temporis. TAXES PAYABLE BY INSURED AND ADMINISTERED BY INSURER(S): Nil INSURER CONTRACT DOCUMENTATION: This document details the contract terms entered into by the Insurer(s), and constitutes the contract document This Contract is subject to U.S. State Surplus Lines requirements. It is the responsibility of the surplus lines broker to affix a surplus lines notice to the contract document before it is provided to the Insured. In the event that the surplus lines notice is not affixed the contract document the Insured should contact the surplus lines broker. 11119 2018 CAPP Property-Lloyds CAPP Page 5 of 36 •-.. .. ALE ( ( 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION II - INFORMATION The following Information was provided to Insurer(s) to support the assessment of the risk at the time of underwriting: Information per Presentation which held on Alesco Risk Management. file and available on request, and which noted and agreed by Insurer(s). Total Declared Values: USD 2,516,749,954 Approximate breakdown of values as per Schedule contained within Submission which noted and agreed by Insurer(s). Loss record (as advised to Alesco Risk Management. contained within Submission which noted and agreed by Insurer(s), Sub—Limits contained in Co-Insurer's Policy USD 250,000 Accounts Receivable USD 1,000,000 Automobile Physical Damage (Over the Road Coverage) USD 500,000 Business interruption USD 250,000 Civil/Military Authority-4 weeks USD 25,000,000 Earthquake (Annual Aggregate Applies)- Excluding California Earthquake USD 1,000,000 Errors and Omissions 180 days Extended Period of Indemnity USD 10,000,000 Extra Expense USD 5,000,000 Fine Arts (USD 500,000 any one item) USD 1,000,000 Fire Fighting Materials (Fire Brigade/Extinguishing Expense) USD 25,000,000 Flood (Annual Aggregate Applies) Except USD 5,000,000 Flood - SFHA1100 Year Flood Zones A, AO, AE, AH, A1-30, A99, AR USD 100,000 Mold/Fungus (Annual Aggregate Applies) USD 25,000,000 Newly Acquired Property(Subject to 90 days reporting) USD 100,000 Personal Property of Employees • USD 50,000 Personal Property of Others USD 1,500,000 Pollution Clean-up (Annual Aggregate Applies) (USD 25,000 maximum per county) USD 1,000,000 Transit USD 2,500,000 Unscheduled Locations USD 10,000,000 Valuable Papers and Records USD 10,000,000 Contractors Equipment (USD 1,500,000 max per item) USD 10,000,000 Demolition and Increased Coast of Construction USD 1,000,000 Expediting Expense USD 250,000 Ingress/Egress (4 weeks/ 1 mile/72 hours) 30 days Ordinary Payroll USD 100,000 Professional Fees USD 5,000,000 Property in the Course of Construction Included Loss of Rental Value USD 10,000,000 Service Interruption (Property Damage & Time Element Combined, Overhead transmission and distribution lines excluded) 5 miles distance limitation USD 100,000 Trees & Shrubs (USD 5,000 maximum per item) USD 1,000,000 Builders Soft Costs J 2018 CAPP Property-Lloyds CAPP Page 6 of 36 --i _ ,L.. S CO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION ill - SECURITY DETAILS INSURER'S LIABILITY (RE)INSURERS LIABILITY CLAUSE (Re)insurer's liability several not joint The liability of a (re)insurer under this contract is several and not joint with other(re)insurers party to this contract. A(re)insurer is liable only for the proportion of liability it has underwritten. A(re)insurer is not jointly liable for the proportion of liability underwritten by any other(re)insurer. Nor is a (re)insurer otherwise responsible for any liability of any other (re)insurer that may underwrite this contract. The proportion of liability under this contract underwritten by a (re)insurer(or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp. This is subject always to the provision concerning "signing" below. In the case of a Lloyd's syndicate, each member of the syndicate (rather than the syndicate itself) is a (re)insurer. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member's proportion. A member is not jointly liable for any other member's proportion. Nor is any member otherwise responsible for any liability of any other (re)insurer that may underwrite this contract. The business address of each member is Lloyd's, One Lime Street, London EC3M 7HA. The identity of each member of a Lloyd's syndicate and their respective proportion may be obtained by writing to Market Services, Lloyd's, at the above address. Proportion of liability Unless there is"signing" (see below), the proportion of liability under this contract underwritten by each (re)insurer(or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp and is referred to as its "written line". Where this contract permits, written lines, or certain written lines, may be adjusted ("signed"). In that case a schedule is to be appended to this contract to show the definitive proportion of liability under this contract underwritten by each (re)insurer (or, in the case of a Lloyd's syndicate, the total of the n�hary!-fin.r+a „.nAnnp,riffen I-.,, ?II fh,o rrnmH+nrr n¢the ",jr'At' ,tc, - Iren fnr'r^-+',C•1 et.4 5 j 2018 CAPP Property-Lloyds CAPP Page 7 of 36 ( ALIT (.S 0 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 A definitive proportion (or, in the case of a Lloyd's syndicate, the total of the proportions underwritten by all the members of a Lloyd's syndicate taken together) is referred to as a"signed line". The signed lines shown in the schedule will prevail over the written lines unless a proven error in calculation has occurred. Although reference is made at various points in this clause to"this contract" in the singular, where the circumstances so require this should be read as a reference to contracts in the plural. LMA3333 21 June 2007 ORDER HEREON: 30% of 100% BASIS OF WRITTEN LINES: Percentage of Whole SIGNING PROVISIONS: In the event that the written lines hereon exceed 100% of the order, any lines written "to stand"will be allocated in full and all other lines will be signed down in equal proportions so that the aggregate signed lines are equal to 100% of the order without further agreement of any of the (re)insurers. However: a) in the event that the placement of the order is not completed by the commencement date of the period of insurance then all lines written by that date will be signed in full; b)the signed lines resulting from the application of the above provisions can be varied, before or after the commencement date of the period of insurance, by the documented agreement of the (re)insured and all (re)insurers whose lines are to be varied. The variation to the contracts will take effect only when all such (re)insurers have agreed, with the resulting variation in signed lines commencing from the date set out in that agreement. 411 II- #2) 2018 CAPP Property-Lloyds CAPP Page 8 of 36 IL..�., 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 In a co-insurance placement, following (re)insurers may, but are not obliged to , follow the premium charged by the lead (re) insurer. (Re) insurers may not seek to guarantee for themselves terms as favourable as those which others subsequently achieve during the placement. WRITTEN LINES % 1 AFB AFB 6233 188% 10 Za Fi[ t 141-1 Email schedules to:canmerclalvelues@beezl com 1514 e LINE TO STAND ms0findin 71) r'21 I fi- , . ADVENT /, Lt2ig:Obiti:Of0:11i 1M 1 i i. a k i s y.� 9 WBC �Blenheim 'SIP 5886 1 2018 CAPP Property-Lloyds CAPP Page 9 of 36 1263 �. . AL® O ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 WRITTEN LINES % r TOKIOMARIIUE =Ca1'IPll1y(UK itrancfl) q I HH C� s /! I— / • TM dI Eapli T. / MOO ils 0 ill: AGORA 3268 "sot ki. ./. oP I F I g�r� R`1 !1j .. 99SYNDICATE 3334 3334 s/ e c, ,- + -t % Pr ( g/c/r,„k A N N � A N t A NN N 76 2018 CAPP Property-Lloyds CAPP Page 10 of 36 IL 7 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS SUBSCRIPTION AGREEMENT SECTION ' SLIP LEADER: AFB 623/2623 BASIS OF AGREEMENT TO CONTRACT CHANGES: GUA (version 2,0) February 2014 with Non-Marine Schedule October 2001 Final premium/going in values to be agreed Leading Underwriter only. Insurer(s) hereon agree to contribute to survey and valuation fees, as incurred. Agreement to net equivalent downwards (if required) is to be agreed by Slip Leader only. Extensions to Premium Payment Condition date to be agreed by Slip Leader only. Endorsements will be advised to the following market when necessary under the terms of this agreement by Alesco Risk Management using Fax or email, OTHER AGREEMENT PARTIES FOR CONTRACT CHANGES, , FOR PART 2 GUA CHANGES ONLY: Slip leader only to agree part two changes. AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR THEIR PROPORTION ONLY, IF ANY: None BASIS OF CLAIMS AGREEMENT: Claims to be managed in accordance with: i) The Lloyd's Claims Scheme (Combined), or as amended or any successor thereto. (N.B. The applicable Scheme/part will be determined by the rules and scope of the Scheme(s)). ii) IUA claims agreement practices. III) I ne practices pi any (.Ompany(Ies) electing to agree claims in respect of tnelr own participation. 4 to 9,4 2018 CAPP Property-Lloyds CAPP Page 11 of 36 Awl A I 7(---C 0 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 CLAIMS AGREEMENT PARTIES: i) For Lloyd's syndicates The leading Lloyd's syndicate and, where required by the applicable Lloyd's Claims Scheme, the second Lloyd's syndicate and/or the Scheme Service Provider. CLAIMS AGREEMENT PARTIES: The second Lloyd's Syndicate is AML 2001 (continued) ii) Those companies acting in accordance with the IUA claims agreement practices, excepting those that may have opted out via iii below. iii)Those companies that have specifically elected to agree claims in respect of their own participation. iv)All other subscribing insurers that are not party to the Lloyd's/IUA claims agreement practices, each in respect of their own participation. CLAIMS ADMINISTRATION: Broker to enter claims advices into the relevant market CLASS system. All Insurer(s) to use their respective market CLASS systems for claims agreements where available. E-mail to be used by Broker to Insurer(s) for distribution of claim file information in support of CLASS entry. Insurer(s) to respond to claims matters via CLASS if possible. RULES AND EXTENT OF ANY OTHER DELEGATED CLAIMS AUTHORITY: None EXPERT(S) FEES COLLECTION: Fees to be collected directly between Underwriters and Experts SETTLEMENT DUE DATE: 16th February 2018 BUREAUX ARRANGEMENTS: Insurer(s) authorise Xchanging Ins-sure Services Limited and/or Xchanging Claims Services Limited to take down additional premiums, return premium, non-premium endorsements and claims on photo-copies of Market Reform Contract, signing slip or full policy as applicable. LPSO/LPC/XIS are fully authorised to accept premium as advised by client, and processes oy ,-iescu riusK rviartayesrieiIL. IrK:iuuirtg iinai sCOCat l0SS of proms, or other adjustments as applicable without prior agreement. Underwriters hereon agree accept premium and settle claims in US Dollars / Euro / Sterling as required, at rate of exchange at time of settlement from the client/cedant/ reinsured. Underwriters agree that the broker may release de-linked premium for this contract into settlement at different times. 2018 CAPP Property-Lloyds CAPP Page 12 of 36 ti 1263 1L :( ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 Agreed that if Premium Payment Condition is extended Terms of trade date automatically extended to conform. Whenever a Premium Payment Condition due date falls on a weekend or public holiday it is agreed that the date is automatically carried forward to the first normal weekday thereafter. *0\1211.1 2018 CAPP Property-Lloyds CAPP Page 13 of 36 (Ss ALESCO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION V - FISCAL AND REGULATORY SECTION TAX PAYABLE BY INSURER(S): None COUNTRY OF ORIGIN: United States of America OVERSEAS BROKER: Risk Placement Services, Inc. 2400 Lakeview Pkwy Suite 675, Alpharetta, GA 30009 SURPLUS LINES BROKER: Risk Placement Services, Inc. 2400 Lakeview Pkwy Suite 675, Alpharetta, GA 30009 License Number to bo eenfirmcel& R332.5 zo\ 41 STATE OF FILING: Colorado US CLASSIFICATION: Surplus Lines ALLOCATION OF PREMIUM TO CODING: 100% P2 REGULATORY CLIENT CLASSIFICATION: Large Risk 4t1An 2018 CAPP Property-Lloyds CAPP Page 14 of 36 Al ESC() 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION FEE PAYABLE BY CLIENT?: NO TOTAL BROKERAGE: 13.5135% or Net equivalent downwards if required. OTHER DEDUCTIONS FROM PREMIUM: NIL 26\+z1 11 t 2018 CAPP Property-Lloyds CAPP Page 15 of 36 ret Al CO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION VII — THE WORDING Co- insurance Wording (following a leading insurer) The Underwriters hereby agree to insure against loss, damage or liability the risk and sum insured as stated in the Wording Schedule on the same terms and conditions and at the same rates of the Company specified in the Wording Schedule. The Underwriters undertake, in the event of a loss, to pay their proportion, it being understood and agreed that the said Company shall, at the time of any loss, and at the same rate, cover at least their proportion stated in the Wording Schedule (subject only to reduction by the amount of any loss not reinstated) for the same risk on the same subject matter, such proportion to be the same an each separate part thereof. The period of this Insurance is as stated in Section l — Risk Details. • This Insurance will be subject, without notice, to the general and special conditions, endorsements, assignments and alterations of rates as are or may be assumed in the Company's policy upon which this Insurance is based. 24zi,2_1 AFB I 264 CW: 2018 CAPP Property-Lloyds CAPP Page 16 of 36 filet ALA NCO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 THE WORDING SCHEDULE Unique Market Reference: B1263EW0039418 Name of Insured: As Stated in Section I — Risk Details Address of Insured: As Stated in Section I — Risk Details Period of Insurance: As Stated in Section 1 — Risk Details The Risk and Sum Insured hereunder: As Stated in Section I — Risk Details Leading Co-insuring Company: 25%with Westchester Surplus Lines Insurance Company, Company Policy Number D38095432001 (or renewal thereof) Premium: As Stated in Section I — Risk Details NMA2074 (Amended) 2018 CAPP Property-Lloyds CAPP Page 17 of 36 L 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 SECTION VIII - SUPPLEMENTAL CLAUSES Notwithstanding anything to the contrary contained herein, it is understood and agreed that this insurance is subject to the following clauses which are attached hereto:- No.1: WEH Asbestos Endorsement (1994)-518ARM00210 No.2; Service of Suit Clause (U.S.A.) - LMA5020 No.3: Biological or Chemical Materials Exclusion - NMA2962 No.4: Radioactive Contamination Exclusion Clause -Physical Damage -Direct(U.S.A.) - NMA1191 No.5: War and Terrorism Exclusion Endorsement- NMA2918 No.6: U.S.Terrorism Risk Insurance Act Of 2002 as Amended Not Purchased Clause No.7: Fraudulent Conduct and Misrepresentation Clause -LMA5120 No.8: Application of Sublimits Endorsement—LMA5130 No. 9 Sanction Limitation and Exclusion Clause- LMA3100 No. 10: Electronic Data Endorsement B— NMA2915 No. 11: Inadvertent Errors and Omissions Clause No. 12: Extension of Coverage—Miscellaneous Unnamed Location No. 13. Off Premises Utilities' Services Clause (Business Interruption) -LMA5041 (amended). No. 14: Ingress/Egress Extension (Business Interruption) No. 15: Civil or Military Authority Extension (Business Interruption) -LMA5161 No. 16: Business Interruption Extention -LMA5039. i AGV3" 2018 CAPP Property-Lloyds CAPP Page 18 of 36 eiliN A 1 ._ 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 1 WEH ASBESTOS ENDORSEMENT (1994) A. This Policy only insures asbestos physically incorporated in an insured building or structure, and then only that part of the asbestos which has been physically damaged during the policy period by one of these Listed Perils: Fire; Explosion; Lightning; Windstorm; Hail; Direct impact of vehicle, aircraft or vessel; Riot or civil commotion; vandalism or malicious mischief; or accidental discharge of fire protective equipment. This coverage is subject to all limitations in the Policy to which this Endorsement is attached and, in addition, to each of the following specific limitations: 1. The said building or structure must be insured under this Policy for damage by that Listed Peril. 2. The Listed peril must be the immediate, sole cause of the damage to the asbestos, 3. The Insured must report to Underwriters the existence and cost of the damage as soon as practicable after the Listed Peril first damaged the asbestos_ However this policy does not insure any such damage first reported to Underwriters more than 12 (twelve) months after the expiration, or termination, of the policy. 4. Insurance under this Policy in respect of asbestos shall not include any sum relating to: (i) any faults in the design, manufacture or installation of the asbestos. (ii) Asbestos not physically damaged by the Listed Peril including any governmental or regulatory authority direction or request of whatsoever nature relating to undamaged asbestos. B. Except as set forth in the foregoing Section A, this policy does not insure asbestos or any sum relating thereto. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 518ARM00210 4S/2617:3:r:NI - 2018 CAPP Property-Lloyds CAPP Page 19 of 36 Tr-AL =. C ) 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 2 SERVICE OF SUIT CLAUSE (U.S.A.) This Service of Suit Clause will not be read to conflict with or override the obligations of the parties to arbitrate their disputes as provided for in any Arbitration provision within this Policy. This Clause is intended as an aid to compelling arbitration or enforcing such arbitration or arbitral award, not as an alternative to such Arbitration provision for resolving disputes arising out of this contract of insurance (or reinsurance). • It is agreed that in the event of the failure of the Underwriters hereon to pay any amount claimed to be due hereunder, the Underwriters hereon, at the request of the Insured (or Reinsured), will submit to the jurisdiction of a Court of competent jurisdiction within the United States. Nothing in this Clause constitutes or should be understood to constitute a waiver of Underwriters' rights to commence an action in any Court of competent jurisdiction in the United States, 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 Mendes and Mount, 750 Seventh Avenue, New York 10019-6829, USA and that in any suit instituted against any one of them upon this contract, Underwriters will abide by the final decision of such Court or of any Appellate Court in the event of an appeal. The above-named are authorized and directed to accept service of process on behalf of Underwriters in any such suit and/or upon the request of the Insured (or Reinsured) to give a written undertaking to the Insured (or Reinsured) that they will enter a general appearance upon Underwriters' 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 which makes provision therefor, Underwriters hereon hereby designate the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as their true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Insured (or Reinsured) or any beneficiary hereunder arising out of this contract of insurance (or reinsurance), and hereby designate the above-named as the person to whom the said officer is authorized to mail such process or a true copy thereof. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED LMA5020 • No.3 BIOLOGICAL OR CHEMICAL MATERIALS EXCLUSION It is agreed that this Insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with the actual or threatened malicious use of pathogenic or poisonous biological or chemical materials regardless of any other cause or event contributing concurrently or in any other sequence thereto. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED NMA2962 2018 CAPP Property-Lloyds CAPP Page 20 of 36 • -Ii • n 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 4 RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE - PHYSICAL DAMAGE - DIRECT (U.S.A.) This Policy does not cover any loss or damage arising directly or indirectly from nuclear reaction nuclear radiation or radioactive contamination however such nuclear reaction nuclear radiation or radioactive contamination may have been caused * NEVERTHELESS if Fire is an insured peril and a Fire arises directly • or indirectly from nuclear reaction nuclear radiation or radioactive contamination any loss or damage arising directly from that Fire shall (subject to the provisions of this Policy) be covered EXCLUDING however all loss or damage caused by nuclear reaction nuclear radiation or radioactive contamination arising directly or indirectly from that Fire. • * NOTE. - If Fire is not an insured peril under this Policy the words "NEVERTHELESS" to the end of the clause do not apply and should be disregarded_ ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED • NMA1191 • • ten CI 2018 CAPP Property-Lloyds CAPP Page 21 of 36 �821 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 5 WAR AND TERRORISM EXCLUSION ENDORSEMENT Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any of the following regardless of any other cause or event contributing concurrently or in any other sequence to the loss; 1. war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising, military or usurped power; or 2. any act of terrorism. For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organisation(s) or government(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in fear. This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to 1 and/or 2 above. If the Underwriters allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Assured. In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED NMA2918 • 2018 CAPP Property-Lloyds CAPP Page 22 of 36 0 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 6 U.S. TERRORISM RISK INSURANCE ACT OF 2002 AS AMENDED NOT PURCHASED CLAUSE This Clause is issued in accordance with the terms and conditions of the "U.S. Terrorism Risk insurance Act of 2002"as amended as summarized in the disclosure notice. It is hereby noted that the Underwriters have made available coverage for"insured losses" directly resulting from an "act of terrorism" as defined in the "U.S_ Terrorism Risk insurance Act of 2002", as amended ("TRIA") and the Insured has declined or not confirmed to purchase this coverage. This Insurance therefore affords no coverage for losses directly resulting from any "act of terrorism" as defined in TRIA except to the extent, if any, otherwise provided by this policy. All other terms, conditions, insured coverage and exclusions of this Insurance including applicable limits and deductibles remain unchanged and apply in full force and effect to the coverage provided by this Insurance. LMA5219 No. 7 FRAUDULENT CONDUCT AND MISREPRESENTATION CLAUSE The entire Contract of Insurance and any loss or claim thereunder will be void if, whether before or after a loss, an Insured has: a. intentionally concealed or Intentionally misrepresented any material fact or circumstance; b. engaged in fraudulent conduct; or c. made false statements; relating to the Contract of Insurance or any loss or claim thereunder. • In the event that any provision of this clause is found by a court of competent jurisdiction to be invalid or • • unenforceable, the other provisions of this clause and the remainder of the provision in question shall not be affected thereby and shall remain in full force and effect. LMA5120 n ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED • 2 2018 CAPP Property-Lloyds CAPP Page 23 of 36 223 ' � O 1263 ARM • MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 8 APPLICATION OF SUBLIM1TS ENDORSEMENT • 1. Application To Insured Interests. Each sublimit stated in this policy applies as part of, and not in addition to, the overall policy limit for an occurrence insured hereunder. Each sublimit is the • maximum amount potentially recoverable from all insurance layers combined for all insured loss, damage, expense, time element or other insured interest arising from or relating to that aspect of the occurrence, including but not limited to type of property, construction, geographic area, zone, location, or peril. • 2. Application Within Perils. If insured under this policy, any sublimit for earthquake, earth • movement, flood, windstorm, named storm, or named windstorm is the maximum amount potentially recoverable from all insurance layers combined for all insured loss, damage, expense, time element • or other insured interest arising from or relating to such an occurrence. If flood occurs in conjunction • with a windstorm, named storm, named windstorm, earthquake or earth movement, the flood sublimit applies within and erodes the sublimit for that windstorm, named storm, named windstorm, earthquake or earth movement. This endorsement takes precedence over and, if in conflict with any other wording in the contract bearing on the application of sublimits, replaces that wording. LMA5130 5 March 2009 • No. 9 • SANCTION LIMITATION AND EXCLUSION CLAUSE No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America. • LMA3100 15 September 2010 tr, 2018 CAPP Property-Lloyds CAPP Page 24 of 36 • ALE . ( 1263 Y ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 • No. 10 ELECTRONIC DATA ENDORSEMENT B 1. Electronic Data Exclusion Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows: (a) This Policy does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever(including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, expense of whatsoever nature resulting therefrom, regardless of any other cause or event contributing concurrently or in any other sequence to the loss. ELECTRONIC DATA means facts, concepts and information converted to a form useable for • communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment and includes programmes, software and other coded instructions • for the processing and manipulation of data or the direction and manipulation of such equipment. COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorised instructions or code including a set of maliciously introduced unauthorised instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature, COMPUTER VIRUS includes but is not limited to'Trojan Horses', 'worms' and 'time or logic bombs'. (b) However, in the event that a peril listed below results from any of the matters described in paragraph (a) above, this Policy, subject to all its terms, conditions and exclusions, will cover physical damage occurring during the Policy period to property insured by this Policy directly caused by such listed peril. Listed Perils Fire Explosion • .29( AFB lit 2623 Cti 2018 CAPP Property-Lloyds CAPP Page 25 of 36 ----- • ALESCO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 2. Electronic Data Processing Media Valuation • Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows: Should electronic data processing media insured by this Policy suffer physical loss or damage insured by this Policy, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Policy does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. 25/01/01 NMA2915 No. 11 INADVERTENT ERRORS AND OMISSIONS CLAUSE • • The property insured under this policy is based on property as per Schedule of Values on file with Underwriters, as submitted by the Insured prior to the inception of this policy. However, if any property of the Insured is omitted or undervalued because of negligence, error or oversight of the Insured, the Underwriters will accept that property as if such error or unintentional omission had not been made. Such omission or under valuation will not prejudice the Insured's right of recovery under this policy. The Insured agrees to report to the Underwriters any omission or under valuation of property as soon as practicable after it is discovered. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 51&AJG00209 AFB 2018 CAPP Property-Lloyds CAPP Page 26 of 36 i AL SC 0 •1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 12 EXTENSION OF COVERAGE — MISCELLANEOUS UNNAMED LOCATION If a sublimit is shown in the Schedule, this Policy covers Real and Personal Property and related Time Element loss that occurs at Miscellaneous Unnamed Locations owned by the Insured or for which the Insured is legally responsible. • Miscellaneous Unnamed Location means a location not included in the Schedule and/or on a • separate schedule on file with Underwriters and located within the Territory. F' There is no coverage under this Extension of Coverage for any location which is covered under any other Extension of Coverage including but not limited to the Inadvertent Errors and Omissions Clause. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED No. 13 OFF PREMISES UTILITIES' SERVICES CLAUSE (BUSINESS INTERRUPTION) This Extension is subject to the EXCLUSIONS, CONDITIONS AND LIMITATIONS of the Policy to which this • Extension is attached. In consideration of the premium paid, it is understood and agreed that if this Policy covers Business Interruption such coverage shall extend to loss resulting from necessary interruption of business caused by Direct Physical Loss or Damage, as covered by the Policy to which this Extension is attached, to gas, • electric, water, and telephone facilities supplying the Insured's premises. Loss arising from transmission distribution or feeder lines, however, will be limited to such lines located within five statute miles of the Insured's premises, subject to a 24 hour waiting period. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. LMA5041 (amended) 14/12/2005 • • 2018 CAPP Property-Lloyds CAPP Page 27 of 36 6014 IALESCC 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 14 INGRESS/EGRESS EXTENSION (BUSINESS INTERRUPTION) In consideration of the premium paid, and subject to the Exclusions, Conditions and Limitations of the Policy to which this Extension is attached, if this Policy covers Business Interruption, it is extended to cover the loss sustained by the Insured due to the necessary interruption of the Insured's business due to prevention of ingress to or egress from an insured location, whether or not the premises or property of the Insured is • damaged, provided that such prevention is a direct result of physical loss or damage of the type insured by this Policy, to property of the type insured by this Policy situated within one statute mile of the insured location. - This Extension does not insure loss resulting from: 1) lack of incoming or outgoing service consisting of electricity, fuel, gas, water, steam, refrigerant, sewerage and voice, data or video; or 2) picketing or other action by strikers except for physical damage not excluded by this Policy. This Policy does not provide coverage under this Extension for more than 28 consecutive days. LMA5164 15 December 2010 • No. 15 CIVIL OR MILITARY AUTHORITY EXTENSION (BUSINESS INTERRUPTION) In consideration of the premium paid, and subject to the Exclusions, Conditions and Limitations of the Policy to which this Extension is attached, if this Policy covers Business Interruption, it is extended to cover the loss sustained by the Insured due to the necessary interruption of the Insured's business due to prevention of access to the insured location by order of a civil or military authority, provided that such order is a direct result of physical damage of the type insured by this Policy, to property of the type insured by this Policy situated within one statute mile of the insured location. This Policy does not provide coverage under this Extension for more than (response)consecutive days. LMA5161 15 December 2010 62.3 2018 CAPP Property-Lloyds CAPP Page 28 of 36 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 No. 16 IE BUSINESS INTERRUPTION EXTENSION In consideration of the premium paid, and subject to the EXCLUSIONS, CONDITIONS AND LIMITATIONS of the Policy to which this Extension is attached, and also to the FOLLOWING ADDITIONAL CONDITIONS, EXCLUSIONS AND LIMITATIONS, this Policy is extended to cover loss resulting from necessary Interruption of Business caused by Direct Physical Loss or Damage, as covered by the Policy to which this Extension is attached, to the Property Insured, In the event of such Direct Physical Loss or Damage, the Underwriters shall be liable for the actual loss sustained by the Insured resulting directly from such necessary Interruption of Business, but not exceeding the reduction in Gross Earnings, as defined hereafter, less charges and expenses which are not necessary during the Interruption of Business, for a period not to exceed the lesser of:- a) such length of time as would be required, with the exercise of due diligence and dispatch, to repair, rebuild or replace such part of the property as has been destroyed or damaged, • • • or b) eighteen (18) calendar months, • commencing with the date of such Direct Physical Loss or Damage and not limited by the expiration of this Policy. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses, to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the loss. CONDITIONS 1. Direct Loss or Damage No claim shall be payable under this Extension unless and until a claim has been paid, or liability admitted, in respect of Direct Physical Loss or Damage to Property Insured under the Policy to which this Extension is attached and which gave rise to Interruption of Business. This Condition shall not apply if no such payment shall have been made, or liability admitted, solely owing to the operation of a Deductible in said Policy which excludes liability for losses below a specified amount. Y/-71 .�e• The premium for this Extension has been based on a statement of individual values declared to and agreed by the Underwriters at the inception of the Policy and stated in the Schedule. If any of the individual values declared are less than the equivalent amount of the Co-insurance percentage, as stated in the Schedule, of the Interruption of Business values, then any recovery otherwise due hereunder shall be reduced in the same proportion that the individual value(s) declared bear to the value(s) that should have been declared and the Insured shall co-insure for the balance. ... +;2623 - 6231, I 2018 CAPP Property-Lloyds CAPP Page 29 of 36 ALESCO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 3. Resumption of Operations If the Insured could reduce the loss resulting from the Interruption of Business, a) by complete or partial resumption of operation of the property, and/or b) by making use of Merchandise, Stock (Raw, In Process or Finished), or any other property • at the Insured's locations or elsewhere, and/or c) by using or increasing operations elsewhere, • then such possible reduction shall be taken into account in arriving at the amount of loss hereunder. 4. Expenses to reduce Loss This Extension also covers such expenses as are necessarily incurred for the purpose of reducing loss under this Extension (except expenses incurred to extinguish a fire), and, in respect of manufacturing risks, such expense, in excess of Normal, as would necessarily be incurred in replacing any Finished Stock used by the Insured to reduce loss under this Extension; but in no event to exceed the amount by which loss under this Extension is thereby reduced. Such expenses shall not be subject to the application of any contribution clause, • EXCLUSIONS This Extension does not insure against:- 1. increase in loss resulting from interference at the insured premises, by strikers or other persons, with rebuilding, repairing or replacing the property or with the resumption or continuation of operation; 2, increase in loss caused by the suspension, lapse, or cancellation of any lease, licence, contract, or order, unless such results directly from the insured Interruption of Business, and then Underwriters shall be liable for only such loss as affects the Insured's earnings during, and limited to, the period of indemnity covered under this Policy; 3. increase in loss caused by the enforcement of any ordinance or law regulating the use, reconstruction, repair or demolition of any property insured hereunder; • 4. loss of market or any other consequential loss. LIMITATIONS • 1. The Underwriters shall not be liable for more than the smaller of either: • - a) any specific Business Interruption Sum Insured stated in the Schedule, • or • • 8623 CW 1 Page CAPP Property-Lloyds CAPP 30 of 36 • ALESCO 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 b) the Sum Insured stated in the Schedule, where such includes Business Interruption, if such is a combined limit, • in respect of such loss, regardless of the number of locations suffering an interruption of business as • a result of any one occurrence. 2. With respect to loss resulting from damage to or destruction of media for, or programming records pertaining to, electronic data processing or electronically controlled equipment, by the perils insured against, the length of time for which the Underwriters shall be liable hereunder shall not exceed:- a) thirty (30) consecutive calendar days or the time required with exercise of due diligence and dispatch to reproduce the data thereon from duplicates or from originals of the previous generation, whichever is less; or, b) the length of time that would be required to rebuild, repair or replace such other property herein described as has been damaged or destroyed, but not exceeding eighteen (18) calendar months, whichever is the greater length of time. DEFINITIONS 1. Gross Earnings are for the assessment of premium and for adjustment in the event of loss defined as, The sum of:- a) total net sales value of production or sales of Merchandise, and b) other earnings derived from the operations of the business, less the cost of c) Raw Stock from which production is derived, d) supplies consisting of materials consumed directly in the conversion of such Raw Stock into Finished Stock, or in supplying the services sold by the Insured, e) Merchandise sold including packaging materials therefor, nn-4 ,n.rdirnr riirnr+hi in n.i.n iyinn +hr, rpn,.irp(n) enlrl 4-,1r 814, lnoirpri g) service(s) purchased from outsiders (not employees of the Insured) for resale which do not continue under contract, • h) the difference between the cost of production and the nett selling price of Finished Stock which has been sold but not delivered, • No other costs shall be deducted in determining Gross Earnings. AFB:, 26.3°'CW . 2018 CAPP Property-Lloyds CAPP Page 31 of 36 en I ALE { 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 In determining Gross Earnings due consideration shall be given to the experience of the business before the date of loss or damage and the probable experience thereafter had loss not occurred. 2. Raw Stock • Material in the state in which the Insured receives it for conversion into Finished Stock. 3. Stock in Process Raw Stock which has undergone any ageing, seasoning, mechanical or other process of manufacture at the Insured's premises but which has not become Finished Stock. • 4. Finished Stock Stock manufactured by the Insured which in the ordinary course of the Insured's business is ready for packing, shipment or sale. 5. Merchandise • Goods kept for sale by the Insured which are not the product of manufacturing operations conducted by the Insured. 6. Normal The condition that would have existed had no loss occurred. LMA5039 14/12/2005 • cw 2018 CAPP Property-Lloyds CAPP Page 32 of 36 ! 1 ¥ - ALE -A 1263 ARM MARKET REFORM CONTRACT UMR: B1263EW0039418 POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You are hereby notified that under the Terrorism Risk Insurance Act of 2002, as amended ("TRIA"), that you now have a right to purchase insurance coverage for losses arising out of acts of terrorism, as defined in Section 102(1)of the Act, as amended: The term "act of terrorism" means any act that is certified by the Secretary of the Treasury, in consultation with the Secretary of Homeland Security and the Attorney General of the United States, to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure;to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States mission; and to have been 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. Any coverage you purchase for"acts of terrorism" shall expire at 12:00 midnight December 31, 2020, the date on which the TRIA Program is scheduled to terminate, or the expiry date of the policy whichever occurs first, and shall not cover any losses or events which arise after the earlier of these dates. YOU SHOULD KNOW THAT COVERAGE PROVIDED BY THIS POLICY FOR LOSSES CAUSED BY CERTIFIED ACTS OF TERRORISM IS PARTIALLY REIMBURSED BY THE UNITED STATES UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THIS FORMULA, THE UNITED STATES PAYS 85%THROUGH 2015; 84% BEGINNING ON JANUARY 1, 2016; 83% BEGINNING ON JANUARY 1, 2017; 82% BEGINNING ON JANUARY 1, 2018; 81% BEGINNING ON JANUARY 1, 2019 AND 80% BEGINNING ON JANUARY 1, 2020; OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURER(S) PROVIDING THE COVERAGE. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A USD100 BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS' LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS USD100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED USD100 BILLION, YOUR COVERAGE MAY BE REDUCED. THE PREMIUM CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS COVERED BY THE. FEDERAL GOVERNMENT UNDER THE ACT. I hereby elect to purchase coverage for acts of terrorism for a prospective premium of USD.., I hereby elect to have coverage for acts of terrorism excluded from my policy. I understand that I will have no coverage for losses arising from acts of terrorism. Policyholder/Applicant's Signature Syndicate on behalf of certain underwriters at Lloyd's Print Name Policy Number LMA9104 12 January 2015 • 2018 CAPP Property-Lloyds CAPP Page 33 of 36 • • (li: HL ESCO • CONTRACT ENDORSEMENT Unique Market Reference: B1263EW0039418 • Endorsement Reference: 02 • • • Insured: Colorado Counties Casualty and Property Pool • • CONTRACT CHANGES The Contract is amended as follows with effect from 1st January 2018: • • • • SECTION II—INFORMATION unchanged other than: • Sub—Limits contained in Co-Insurer's Policy USD 50,000,000 In the aggregate annually as respects Earthquake Loss USD 5,000,000 In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, • A99, AR • USD 50,000,000 In the Aggregate as respects all other Flood loss USD 50,000,000 In the aggregate annually for all Flood losses combined USD 25,000,000 Newly acquired property any one Occurrence — 90 Days; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition USD 250,000 Accounts Receivable USD 5,000,000 Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under $5,000,000) within the territorial limits of the policy, any one occurrence USD 1,000,000 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; • USD 50,000 Unscheduled Locations • USD 500,000 Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity USD 250,000 Civil Authority—4 Weeks Maximum USD 250,000 Ingress/Egress—4 Weeks Maximum USD 1,000,000 Unnamed Location, any one occurrence. • USD 100,00 Personal Property of Employees at a described location • USD 50,000 Personal Property of Others while on the Insured's property • USD 10,000,000 Ordinance or Law • USD 10,000,000 Extra Expense USD 1,000,000 Expediting Expense • USD 1,000,000 Property in Transit USD 10,000,000 Contractors' Equipment subject to maximum USD 1,500,000 per item • USD 5,000,000 Fine Arts subject to maximum USD 500,000 per item USD 1,000,000 Fire Fighting Materials USD 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes USD 250,000 Loss Adjustment Expenses/Professional Services • USD 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation USD 1,000,000 Errors or Omissions U5u 'I,uuu,uUu vehicle Hhysical uamage--Over the koad USD 25,000 in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a Named Insured subject to a USD 1,500,000 Annual Aggregate for all USD 100,000 Limited Mold/FungiNVet& Dry Rot -Terms per Company Endorsement USD 100,000 Trees and Shrubs USD 10,000,000 Valuable Papers All other terms and conditions remain unchanged • itB Alesco Risk Management Services " 67 Lombard Street,London EC3V 9LJ 65 Authorised and Regulated by the Financial Conduct Authority Authorisation No. 312919 F ' LAPP Property-Lloyds CAPP Page 34 of 36 * ,. A L F -O 2 CONTRACT ENDORSEMENT AGREEMENT Settlement Due Date: unchanged London dated: 21st March 2018 GENERAL UNDERWRITERS AGREEMENT Each Underwriters proportion is several not joint Slip Leader Only Slip Leader and All Underwriters Agreement Parties • 3 • p (e--. Note:Where more that one insurer participates in the contract, the contract terms may mean that it is not always necessary to obtain a record of agreement to the contract Endorsement from all of those insurers. Aresco Risk Management Services 67 Lombard Street, London EC3V 9LJ Authorised and Regulated by the Financial Conduct Authority Authorisation No. 312919 • Feff* APP Property-Lloyds CAPP Page 35 of 36 1 CONTRACT ENDORSEMENT Unique Market Reference: B1263EW0039418 Endorsement Reference: 03 • Insured: Colorado Counties Casualty and Property Pool CONTRACT CHANGES The Contract is amended as follows with effect from 151 January 2018: • CONDITIONS: As per Co Insurance Wording based on NMA2074, as attached SECTION VII, following terms of Westchester Surplus Lines Insurance Company, policy number D38095432 001 • SECTION VII —THE WORDING is amended accordingly. All other terms and conditions remain unchanged • AGREEMENT Settlement Due Date: unchanged London dated: 12'" March 2018 GENERAL UNDERWRITERS AGREEMENT • Each Underwriters proportion is several not joint Slip Leader Only Slip Leader and All Underwriters Agreement Parties w AFB 2623 • 523 Note:Where more that one insurer participates in the contract, the contract terms may mean that it is not always necessary to obtain a record of agreement to the contract Endorsement from all of those insurers. • Alesco Risk Management Services 67 Lombard Street, London EC3V 9LJ • Authorised and Regulated by the Financial Conduct Authority Authorisation No. 312919 HWIP CAPP Property-Lloyds CAPP Page 36 of 36 COMMERCIAL PROPERTY DECLARATIONS PELEUS INSURANCE COMPANY POLICY NUMBER 8720 STONY POINT PARKWAY Placed by: BPR180001 SUITE 400 Risk Placement Services, Inc. RICHMOND, VA 23235 RENEWAL OF NEW 1. NAMED INSURED AND MAILING ADDRESS: PRODUCER: 10053 COLORADO COUNTRIES CASUALTY AND RISK PLACEMENT SERVICES, INC. (ALPHERETTA, PROPERTY GA) 800 GRANT STREET, SUITE 400 2400 LAKEVIEW PARKWAY, STE 675 CIO CTSI ALPHARETTA, GA 30009 DENVER, CO 80203 2. POLICY PERIOD: From 01/01/2018 to 01/01/2019 12:01 A.M. Standard Time at your Mailing Address above. IN RETURN FOR THE PAYMENT OF THE PREMIUM,AND SUBJECT TO ALL OF THE TERMS OF THIS POLICY,WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. 3. LIMIT OF LIABILITY $2,500,000 PART OF $10,000,000 EXCESS OF $0. 4. THIS POLICY CONSISTS OF THE FOLLOWING COVERAGE PARTS FOR WHICH A PREMIUM IS INDICATED. THIS PREMIUM MAY BE SUBJECT TO ADJUSTMENT. COVERED PERILS PREMIUM All Risks of Direct Physical Loss or Damage including Flood and Earthquake $231,250 This is a non-admitted carrier. Premium charge for coverage of certified acts of terrorism: It is the responsibility of RPS (Per Policyholder Disclosure attached.) to arrange for the filing and paying of surplus lines tax or Coverage for certified acts of terrorism has been rejected; exclusion attached. X (Per Policyholder Disclosure attached.) Premium shown is payable at inception. Total Policy Premium: $231,250 Inspection Fee: N/A 5. LEAD POLICY FORM AND LANGUAGE: Manuscript Policy Form —T5440-0118 Argo Group companies do not relinquish claims control or claims handling by agreeing to another company coverage form or manuscript coverage form. 6. FORMS APPLICABLE TO ALL COVERAGES: THIS CONTRACT IS DELIVERED AS A SURPLUS LINE COVERAGE UNDER THE'NONADMITTED INSURANCE ACT'. THE INSURER ISSUING THIS See Schedule of Forms and Endorsements - Form U001 CONTRACT IS NOT LICENSED IN COLORADO BUT IS AN ELIGIBLE NONADMITTED INSURER. THERE IS NO PROTECTION UNDER THE 7. BUSINESS DESCRIPTION: MUNICIPAL SCHEDULE PRUV1sroN5OFTHE' IVASSOCIATlzsNr Act Countersigned: By: Joel D.Cavaness Date Authorized representative To Report a Loss • Dial toll-free#1 (844)777-8323 or visit our •Website: https://my.rpsins.com/claimsfnol • Contact Insurer directly (see policy section) Includes copyrighted material of Insurance Services Office,Inc.with its permission. ALT DEC[03/17] Copyright,Insurance Services Office,Inc.,1994 2018 CAPP Property Policy-Peleus CAPP Page 1 of 27 SIGNATURE PAGE IN WITNESS WHEREOF, the company issuing this policy has caused this policy to be signed by its President and its Secretary and countersigned (if required) on the Declarations page by a duly authorized representative of the company. This endorsement is executed by the company stated in the Declarations. Peleus Insurance Company President Secretary SIGPIC 0817 Argo Group Page 1 of 1 2018 CAPP Property Policy-Peleus CAPP Page 2 of 27 Insured: COLORADO COUNTRIES CASUALTY AND PROPERTY POOL U001 (10/04) Policy Number: BPR180001 SCHEDULE OF FORMS AND ENDORSEMENTS Forms and Endorsements applying to and made part of this policy at the time of issuance: NUMBER TITLE FORMS APPLICABLE - COMMERCIAL PROPERTY COVERAGE ALTDEC-0317 COMMERCIAL PROPERTY DECLARATIONS ALT113-0317 EXCLUSION - ELECTRONIC DATA ALT200-0916 CANCELLATION ILP001-0104 U.S. TREASURY DEPT'S "OFAC" ADVISORY NOTICE TO POLICYHOLDERS PRIVACYNOTICE-0415 PRIVACY NOTICE SIGPIC-0817 SIGNATURE PAGE T5440-0118 MASTER PROPERTY POLICY TRIANOTICE-0115 POLICYHOLDER DISCLOSURE-NOTICE OF INSURANCE COVERAGE FOR CERTIFIED ACTS OF TERRORISM U094-0415 SERVICE OF SUIT UIL0961-0115 EXCLUSION OF CERTIFIED ACTS AND OTHER ACTS OF TERRORISM 2018 CAPP Property Policy-Peleus CAPP Page 3 of 27 Coverage Summary 1. This policy covers Blanket Real, Personal Property, Contractors Equipment, Fine Arts, Glass, Valuable Papers, Data Processing Equipment and Media, Business Interruption (Business Income) Extra Expense, Builders Risks and Installations, Transit, and Vehicle Damage. 2. LIMIT OF LIABILITY The insurer(s) shall not be liable hereunder in any one loss, casualty or disaster for more than $100,000,000 Per Occurrence. For sublimits refer to Insuring Agreement, paragraph III. Insuring Agreement I. NAMED OF INSURED It is agreed that the unqualified word "Insured"wherever used in this insurance includes not only the Named Insured but also any official, trustee or employee of the Named Insured while acting within the scope of his duties as such, and any person, organization, trustees or estate to whom the Named Insured is obligated by virtue of written contract or agreement to provide insurance such as is offered by this Insurance, but only in respect to operations by or on behalf of the Named Insured. II. TERRITORY Coverage applies to property located within the 50 states comprising the United States of America and the District of Columbia. III. ULTIMATE NET LOSS In calculating the amount of Ultimate Net Loss, this insurance is deemed to have the following maximum sublimits: A. $ 50,000,000 In the aggregate annually as respects Earthquake Loss B. $ 5,000,000 In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR C. $ 50,000,000 In the Aggregate as respects all other Flood loss D. $ 50,000,000 In the aggregate annually for all Flood losses combined E. $ 25,000,000 Newly acquired property any one Occurrence—90 Days; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition F $ 250,000 Accounts Receivable G $ 5,000,000 Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under$5,000,000)within the territorial limits of the policy, any one occurrence. T5440-0118 Page 1 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 4 of 27 H. $ 1,000,000 Builders Risk Soft Costs/Additional Expenses per Company Endorsement;$50,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days $ 500,000 Extended Period of Indemnity J. $ 250,000 Civil Authority—4 Weeks Maximum K. $ 250,000 Ingress/Egress—4 Weeks Maximum L. $ 1,000,000 Unnamed Location, any one occurrence. M. $ 100,00 Personal Property of Employees at a described location N. $ 50,000 Personal Property of Others while on the Insured's property O. $ 10,000,000 Ordinance or Law P. $ 10,000,000 Extra Expense Q. $ 1,000,000 Expediting Expense R. $ 1,000,000 Property in Transit S. $ 10,000,000 Contractors' Equipment subject to maximum$1,500,000 per item T. $ 5,000,000 Fine Arts subject to maximum $500,000 per item U. $ 1,000,000 Fire Fighting Materials V. $ 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes W $ 250,000 Loss Adjustment Expenses/Professional Services X. $ 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Y. $ 1,000,000 Errors or Omissions Z. $ 1,000,000 Vehicle Physical Damage—Over the Road AA. $ 25,000 in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a Named Insured subject to a$1,500,000 Annual Aggregate for all members BB. $ 100,000 Limited Mold/FungiNVet& Dry Rot-Terms per Company Endorsement CC. $ 100,000 Trees and Shrubs DD $ 10,000,000 Valuable Papers Policy Deductible: Each claim for loss or damage separately occurring shall be adjusted separately and from each adjusted claim, the amount of$150,000 shall be deducted. Notwithstanding the foregoing,the deductible amount applying to certain peril(s) insured against by this policy shall be as follows. If two or more deductible amounts provided in this Policy apply to a single Occurrence, the total to be deducted shall not exceed the largest deductible applicable unless otherwise stated in this Policy. T544o-0118 Page 2 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 5 of 27 Flood Deductible: $150,000 Per Occurrence except as noted below: Flood Zone A: 2% per building or structure of the sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy; Minimum$1,000,000 Per Occurrence as respects locations wholly or partially within Special Flood Hazard Areas (SFHA), areas of 100-year flooding, as defined by the Federal Emergency Management Agency(FEMA). Wind/Hail Deductible: 2% per building or structure of the Sum of all values listed in the most recent Schedule of Values on file with the Company for each separately identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy subject to a minimum deductible of$150,000 Per Occurrence Earthquake Deductible: $150,000 Per Occurrence Service Interruption Deductible: 24 Hours IV. SERVICE ORGANIZATION This Insurance is issued to the Insured on the express condition that the Insured undertakes to utilize at all times the services of County Technical Services, Inc. Claims Management Department. This Service Organization shall perform the following duties: A. Discharge the Insured's obligation under the terms of this agreement by administering a complete claims handling program. B. Maintain accurate records of all reported claims and details incident to loss and expense payments. C. Furnish monthly claims records on an approved form. The acceptance of these services shall be a condition precedent to any liability,which may attach to the Company in accordance with the terms and conditions of this Insurance. Property Insurance AGREEMENT A- BUILDING AND CONTENTS: Company agree, subject to the limitations, terms and conditions of this Insurance, to indemnify the Insured for risks of direct physical loss or damage to all Real or Personal Property of every kind and description,wherever located, occurring during the period of this Insurance. AGREEMENT B—VEHICLE PHYSICAL DAMAGE—while on premises(excluding over the Road): Company agree, subject to the limitations, terms and conditions of this Insurance, to indemnify the Insured for loss or damage to Vehicles owned by the Insured or on which the Insured has an obligation to provide adequate insurance, against Risks of Direct Physical Loss while on premises (excluding over the road) AGREEMENT C—VEHICLE PHYSICAL DAMAGE—while over the road: Company agree, subject to the limitations, terms and conditions of this Insurance, to indemnify the Insured for loss or damage to Vehicles owned by the Insured or on which the Insured has an obligation to provide adequate insurance, against Risks of Direct Physical Loss, including Collision of the Automobile with another object. T544o-0118 Page 3 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 6 of 27 Definitions 1. PROPERTY OF THE INSURED: The term "Insured's Property"shall mean all Real and Personal Property, including leasehold improvements or betterments which the Insured owns, property which the Insured holds on consignments or agrees to insure by any contractual agreement normal to its operations and Mobile Equipment. 2. VEHICLE: The term "VEHICLE"shall mean any motor vehicle, trailer or semi-trailer, including its equipment and any other equipment permanently attached thereto. The word "Trailer"shall include semi-trailer. 3. ULTIMATE NET LOSS: The words"Ultimate Net Loss"in respect of this section shall be understood to mean the loss sustained by the Insured after making deductions for all recoveries and salvages. 4. VALUABLE PAPERS:The term "Valuable Papers"shall mean written, printed or otherwise inscribed documents and records, including books, maps,film, drawings, abstracts, deeds, mortgages and manuscripts, but does not mean money and securities, but includes additional costs to research or restore damaged documents, drawings or records. 5. ACCOUNTS RECEIVABLE: The term "Accounts receivable"shall mean: a. All sums due the Insured from customers provided the Insured is unable to effect collections thereof as the result of covered loss or damage to records of accounts receivable; b. Interest charges on any loan to offset impaired collections pending repayment of such sums made uncollectible by such loss or damage: c. Collection expense in excess of normal collection caused and made necessary because of such loss or damage; d. Other expenses when reasonably incurred by the Insured in re-establishing records of accounts receivable following such loss and I or damage. The following Special exclusions apply to Accounts Receivable Coverage; this policy does not insure against: 1) Loss due to bookkeeping, accounting or billing errors or omissions; 2) Loss, the proof of which as to factual existence, is dependent upon an audit of records or an inventory computation, but this shall not preclude the use of such procedures in support of claim for loss which the insured can prove, through evidence wholly apart therefrom, is due solely to a risk of loss to records of accounts receivable not otherwise excluded hereunder; 3) Loss due to alteration, falsification, manipulation, concealment, destruction or disposal of records of accounts receivable committed to conceal the wrongful giving, taking, obtaining or withholding of money, securities or other property but only to the extent of such wrongful giving, taking, obtaining or withholding of money, securities or other property but only to the extent of such wrongful giving, taking, obtaining orwithholding. 6. OCCURRENCE: "Occurrence"means all covered loss, damage, or a sequence of losses or damage, casualties or disasters, arising from a single event or catastrophe. So far as loss involving in whole or in part, the perils of wind, (including hurricanes, tornadoes, cyclones), snow, rain, or hail is concerned a single event shall mean one single atmospheric disturbance during a continuous period of seventy-two (72) hours (not limited by the date on which coverage under this policy ceases). 7. BUILDERS RISK This policy cover projects in the course of construction at a covered location, other than a Unscheduled Location,within the policy TERRITORY as defined in Section II above, subject to the "total project value" not exceeding the Sublimit shown in Section III ULTIMATE NET LOSS above. Alteration, addition, extension, repairs and/or remodeling projects are included under this extension. As respects locations other than insured locations, coverage under this extension shall commence when the Insured first acquires an insurable interest at the location and shall cease sixty (60) days from the date of such acquisition, or when reported to and accepted by the Company, on the expiration date of this policy,whichever occurs first. No coverage is provided under this property in this extension for property while in transit or while waterborne. The term "total project value" shall mean the cost of all labor, materials, equipment, machinery, or supplies intended to be a permanent part of the completed buildings(s) or structure(s) and in which the Insured has an insurable interest at the time of the loss or damage. T544o-0118 Page 4 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 7 of 27 Excluded Perils With reaard to all property. this insurance does not insure aaainst: 1. Loss by moth, vermin, termites or other insects;wear, tear or gradual deterioration; rust,wet or dry rot, or mold 2. Loss resulting from loss of use, delay or loss of markets. 3. Breakdown of machinery and/or boiler explosion but not excluding loss resulting therefrom.This exclusion shall not apply as respects to EDP equipment and media. 4. Loss resulting from dampness of atmosphere or variation in temperature unless caused by the perils of Fire and Extended Coverage. This exclusion shall not be deemed to exclude loss resulting from freezing. 5. Loss of electrical appliances or devices of any kind, including wiring, arising from electrical injury or disturbance to the said electrical appliances or devices or wiring from artificial causes unless fire or explosion ensues, and then only for direct loss or damage caused by fire or explosion. 6. Loss by normal settling, normal shrinkage or normal expansion in foundations,walls, floors or ceilings. 7. Loss by mechanical derangement, inherent vice or latent defect. 8. Loss resulting from processing or faulty workmanship, unless fire and/or explosion ensues, and then only for direct loss or damage caused by such ensuing fire or explosion. 9. Loss resulting from shrinkage, evaporation, loss of weight or leakage, unless such loss is caused directly by fire or the combating thereof, lightening,windstorm, hail, explosion, strike, riot or civil commotion, aircraft, vehicles, breakage of pipes or apparatus, sprinkler leakage, vandalism and malicious mischief, theft or attempted theft. 10. Inventory shortage, mysterious disappearances or loss resulting from any kind of infidelity or dishonesty on the part of the Insured or any of his employees. Excluded Property 1. Animals; 2. Aircraft; 3. Standing timber, growing crops, land and land values; 4. Currency, money, notes, and securities; 5. Bridges, culverts, roadways, streets,walks, or paved surfaces, dams, docks, piers and Wharves; 5.Water; 7. Tunnels used for vehicular traffic; underground mines and property therein. The following property not at a Covered Location: 1. Underground piping,wiring, flues or drains; 2. Reservoirs, transmission and distribution lines, telephone and power poles and appurtenants, street and highway lighting and signs. The following property not part of museum collections and/or exhibits at a Covered Location: 1. Furs;jewelry; precious and semi-precious stones, gold, silver, platinum and other precious metals and alloys. T544o-0118 Page 5 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 8 of 27 Conditions 1. VALUATION. The Company shall not be liable for loss or damage in excess of. A (Real and Personal Property) -the cost to repair, rebuild or replace the destroyed or damaged property in a condition equal to but not superior to or more extensive than its condition when new. If the Insured decides to replace destroyed or damaged property on another site, cost of such site is not included hereunder. It is a requirement that if the Insured does not repair, replace or rebuild the property within two years from the date of loss, this property shall be valued at actual cash value. B (Automobile) -the actual cash value of the automobile at the time of loss. C. Contractors Equipment—the actual cash value of the equipment at the time of loss. 2. REMOVAL CLAUSE. This Insurance covered the expense and damage occasioned by removal from the premises endangered by the perils insured against wherever such property is located or removed for preservation. 3. ARCHITECTS FEES. This Insurance covers the additional assessment involving architects'fees for consultations arising from losses resulting from an insured peril. Fees are limited to seven (7%) percent of replacementcost. 4. APPRAISAL. In the event the Insured and Company are unable to agree as to the amount necessary to rebuild, repair or replace the damaged or destroyed property or the actual amount of reimbursement to be paid, each party shall name a competent and disinterested umpire. The appraisers together shall obtain reconstruction estimates, and calculate the amounts of reimbursement due, and failing to agree, shall submit their differences to the umpire. The award, in writing, duly verified by any two shall determine the point in question. Both parties shall pay the cost of their own appraiser and equally pro rate the cost of the umpire. 5. CIVIL AUTHORITY CLAUSE. Notwithstanding anything contained in this Insurance, property which is insured under this Insurance is also covered against the risk of damage or destruction by civil authority during a conflagration and for the purpose of retarding the same; provided that neither such conflagration nor such damage or destruction is caused or contributed to by war, invasion, revolution, rebellion, insurrection or other hostilities or warlike operations. 6. ORDINANCE DEFICIENCY CLAUSE. Notwithstanding anything contained herein to the contrary, the Company shall be liable also for the loss occasioned by the enforcement of any state or municipal law, ordinance or code,which necessitates, in repairing or rebuilding, replacement of material to meet such requirements. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 7. EXPENSE TO REDUCE OR PREVENT LOSS. This Insurance also covers expenses as are necessarily incurred for the purpose of reducing or preventing any loss under this Insurance not exceeding, however, the amount by which the loss under this Insurance is thereby reduced. General Conditions 1. PREMIUM PROVISION See Declarations Page. 2. SALVAGE AND RECOVERY CLAUSE All Salvages, recoveries and payments recovered or received subsequent to a loss settlement under this Insurance shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties hereto. 3. INSPECTIONS, AUDIT AND VERIFICATION OF VALUES The Company or their duly authorized representatives shall be permitted at all reasonable times during continuance of this Insurance to inspect the premises used by the Insured and to examine the Insured's books or records so far as they relate to coverage afforded by this Insurance. T544o-0118 Page 6 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 9 of 27 4. RECORDS It is hereby understood and agreed that the records and books as kept by the Insured shall be acceptable to Company in determining the amount of loss or damage covered hereunder. 5. DUE DILIGENCE CLAUSE The Insured shall use due diligence and do and concur in doing all things reasonably practicable to avoid or diminish any loss of or damage to the property herein insured. 6. CURRENCY The premium and losses under this Insurance are payable in United States currency. Payment of premium shall be made to Arthur J. Gallagher Risk Management Services, Inc. 7. BANKRUPTCY AND INSOLVENCY In the event of the bankruptcy or insolvency of the Insured or any entity comprising the Insured, the Company shall not be relieved of the payment of any claims hereunder because of such bankruptcy or insolvency. 8. OTHER INSURANCE If the Insured has other Insurance against loss covered by this Insurance the Company shall be liable, under the terms of this Insurance, only as excess of coverage provided by such other Insurance and no monies payable or collectable from such other insurance shall accrue in the aggregate loss fund of this Insurance. 9. MORTGAGE CLAUSE The interest of any mortgagor on property covered hereunder is included as if a separate endorsement were attached hereto to the extent of the amount of mortgage as of the date of loss subject to the limits of liability set forth in this Insurance. 10. CLAIMS The Insured shall immediately notify Company through County Technical Services, Inc. Claims Management Department by registered mail, of any occurrence, the cost of which is likely to result in payment by the Company under this Insurance, Company shall have the opportunity to be associated with the Insured in defense of any claims, suits, or proceedings relative to an Occurrence wherein the opinion f the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwrites shall cooperate to the mutual advantage of both. 11. NOTICE OF LOSS The Insured through County Technical Services, Inc. Claims Management Department shall as soon as practicable report to this Company or its agent every loss or damage which may become a claim under this Policy and shall also file with the Company or its agents within ninety(90) days from date of loss a detailed sworn proof of loss. Failure by the Insured or County Technical Services, Inc. to report the said loss or damage and to file such proof of loss as hereinbefore provided shall not invalidate any claim under this Policy for such loss. 12. EXAMINIATION UNDER OATH The Insured shall submit, and so far as is within his/her or their power shall cause all other persons interested in the property and members of the household and employees to submit, to examinations under oath by any persons named by the Company, relative to any and all matters in connection with a claim and subscribe the same and shall produce for examination all books of account, bills, invoices and other vouchers or certified copies thereof if originals be lost, at such reasonable time and place as may be designated by the Company or its representatives and shall permit extracts and T544o-0118 Page 7 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 10 of 27 SETTLEMENT OF LOSS All adjusted claims shall be paid or made good to the Insured through County Technical Services, Inc. within sixty(60) days after presentation and acceptance of satisfactory proof if interest and loss at the office of this Company. No loss shall be paid hereunder if the Insured has collected the same from others. 13. LOSS PAYMENTS When it has been determined that Company are liable under this Insurance, Company shall thereafter promptly reimburse County Technical Services, Inc. for all payments made in excess of the amounted .stated in the Limits Agreement. All adjusted claims shall be paid or made good within thirty days after their presentation by County Technical Services, Inc. Claims Management Department and acceptance by the Company of satisfactory proof of interest and loss. 14. NO BENEFIT TO BAILEE This insurance shall in no wise inure directly or indirectly to the benefit of any carrier or other bailee. 15. APPEAL In the event the Insured and Underwriter are unable to agree to the advisability of appealing a judgment, a disinterested attorney, mutually agreeable to the Underwriter and the Insured, shall be retained and directed to render a written opinion as to his recommendation concerning such appeal. Such written recommendation shall be binding on both the Insured and Company. Fees of such retained attorney shall be borne equally by both parties fir the services of rendering his recommendation only. The Insured's portion of such fee shall not accrue in the aggregate loss fund. 16. LITIGATION PROCEEDINGS No suit to recover on account of loss under this insurance shall be brought until ninety days after the proof of loss shall have been furnished, nor at all unless commenced within twenty seven months from the date upon which loss occurred, if such loss is within the knowledge of the Insured; if not, the twenty-seven months shall begin upon notice to the Insured to such loss or claim 17. SUBROGATION The Company shall be subrogated to all rights which the Insured may have against any person or other entity in respect to any claim or payment made under this Insurance, and the Insured shall execute all papers required by the Company and shall cooperate with the Company to secure Underwriter's rights. IN case any reimbursement obtained or recovery made by the Insured or the Company on account of any loss covered by this Insurance, the net amount of such reimbursement or recovery, after deducting the actual cost of obtaining or making the same, shall be first applied in the following order: a. Amount of loss which exceeds the applicable limit of liability. b. To reduce the Company' loss until the Company are fully reimbursed. c. To reduce the Insured's loss because of the application of the aggregate loss fund. 18. WAIVER OF SUBROGATION This Insurance shall not be invalidated if the Insured by written agreement has waived or shall waive its right of recovery from any party for loss or damage covered hereunder; provided, that any such waiver is made prior to the occurrence of said loss or damage. 19. CONFLICTING STATUTES In the event that any provision of this Insurance is unenforceable by the Insured under the laws of any state or other jurisdiction wherein it is claimed that the Insured is liable for any injury covered hereby because of non-compliance with any statute thereof, then this policy shall be enforceable for the Insured with the same effect as if it complied with such statues. T544o-0118 Page 8 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 11 of 27 20. ASSIGNMENT Assignment of interest under this Insurance shall not bind the Company until the Company' consent is endorsed hereon. 21. PAIR, SET OR PARTS It is understood and agreed that, in the event of loss of or damage to any article or articles which are part of a set, the measure of loss of or damage to such article shall be a reasonable and fair proportion of the total value of the 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 of set. In case of loss or injury to any part of the insured property consisting,when complete for sale or use, of several parts, this Company shall only be liable for the insured value of the part lost or damaged. 22. SUE AND LABOR In case of loss or damage, it shall be lawful and necessary for the Insured, his/her or their factors, servants and assigns, to sue, labor, and travel for, in and about the defense, safeguard and recovery of the property insured hereunder, or any part thereof without prejudice to this insurance; nor shall the acts of the Insured or this Company, in recovering, saving and preserving the property insured in case of loss or damage, be considered a waiver or an acceptance of abandonment,to the charge whereof this Company will contribute according to the rate and quantity of the sum herein insured. 23. SUIT No suit, action or proceeding for the recovery of any claim under the Policy shall be sustainable in any court of law or equity unless the same is commenced within twelve (12) months after discovery by the Insured of the occurrence which gives rise to the claim. Provided, however, that if by the laws of the State within which this Policy is issued such limitation is invalid, then any such claims shall be void unless such action, suit or proceeding be commenced within the shortest limit of time permitted by the laws of such State to be fixed herein. 24. APPRAISAL If the insured and the Company fail to agree as to the amount of loss, each shall, on the written demand of either, made within sixty days after receipt of proof of loss by the Company, select a competent and disinterested appraiser, and the appraisal shall be made at a reasonable time and place. The appraisers shall first select a competent and disinterested umpire, and failing for fifteen days to agree upon such umpire, then, on the request of the Insured or the Company, such umpire shall be selected by a judge a court of record in the state in which such appraisal is pending. The appraisers shall then appraise ht the loss, stating separately the actual cash value at the time of loss and the amount of loss, and failing to agree shall submit the differences to the umpire. An award in writing of any two shall determine the amount of toss. The Insured and the Company shall each pay his/her or its chosen appraiser and shall bear equally the other expenses of the appraisal and umpire. The Company shall not be held to have waived any of its rights by any act relating to the appraisal. 25. CANCELLATION This Policy may be cancelled by the Insured by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This Policy may be canceled by the Company by mailing to the Insured at the address shown in this Policy or last known address written notice stating when no fewer than (90) ninety days (10 days for nonpayment of premium)thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice, and the effective date of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the Insured or by the Company shall be equivalent to mailing. If this insurance shall be cancelled by the Insured, the Company shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on a adjustable basis the Company shall receive the earned premium hereon or the customary short rate proportion of any minimum premium stipulated herein whichever is greater. If this Insurance shall be cancelled by or on behalf of the Company, the Company shall retain the pro rata proportion of the premium hereon; except that if this insurance is on an adjustable basis, the Company shall receive the earned premium hereon or the pro rata proportion of any minimum premium stipulated herein whichever is the greater. T544o-0118 Page 9 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 12 of 27 26. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of Cancellation by such payment shall be made as soon as practicable. If the period of limitation relating to the giving of notice is prohibited or made void by any law controlling the construction thereof, such period shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. Subject otherwise to all terms, clauses and conditions heretofore. 27. CHANGES By acceptance of this Insurance, the Insured agrees that it embodies all agreements existing between the Insured and Company or any of its agents relating to this Insurance. None of the provisions, conditions or other terms of this Insurance shall be waived or altered except by endorsement; nor shall notice to any agent or knowledge possessed by any agent or by any other person be held to effect a waiver or change in any part of this insurance. 28. FRAUDULENT CLAIMS If the Insured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise,this Insurance shall become void and all claim hereunder shall be forfeited. 29. MISREPRESENTATION OR FRAUD This policy shall be void if the Insured has concealed or misrepresented any material fact or circumstances concerning this insurance or the subject thereof in case of any fraud, attempted fraud or false swearing by the insured touching any matter relating to this insurance or subject thereof, before or after loss. Earth Movement Coverage Earth Movement means: • Any earth movement, other than sinkhole collapse, such as earthquake, landslide, mine subsidence or earth sinking, rising or shifting including that caused by subsidence, settling, contraction, or expansion of soils. • Eruption, explosion, or effusion of a volcano other than volcanic action. If more than one earth movement or volcanic eruption occurs within any 72 hour period,we'll consider this one occurrence. The 72 hour period will not be shortened by the expiration of the policy. The limit shown in the coverage summary for earthquake is the most this Company will pay for all direct loss or damage caused by a single earthquake. Flood Coverage Flood, mudslide or mudflow, and surface water are covered perils. Flood means waves, tides or tidal water, the rising of bodies of water and streams, or the overflowing or breaking of their boundaries,whether driven by wind or not. Surface water means water which accumulates or flows on the surface of the ground, and is created by natural causes such as rain, melted snow, or rising springs, but which follows no defined watercourse and does not gather into or from a natural body of water. This Company is not liable for more than the limits shown in the coverage summary. T544o-0118 Page 10 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 13 of 27 Transit Extension Insuring Clause This insurance is hereby extended to cover Personal property of the Insured or property held by the Insured in trust or on commission or on consignment for which the insured may be held legally liable while in due course of transit within the limits of the Continental the 50 states comprising the United States of America (excluding Hawaii)and the District of Columbia, against All Risks of Direct Physical Loss or Damage to the property insured occurring during the period of this policy (including general average and salvage charges on shipments covered while waterborne). Perils Excluded This extension does not insure against: 1. Loss or damage to personal property resulting from: shrinkage, evaporation, loss of weight, leakage of glass or other fragile articles, marring, scratching, exposure to light, or change in color, texture or flavor, unless such loss is caused directly by fire or the combating thereof, lightening,windstorm, hail, explosion, strike, riot or civil commotion, aircraft, vehicles, breakage of pipes or apparatus, sprinkler leakage, vandalism and malicious mischief, theft or attempted theft. 2. Loss of use, delay or loss of markets. 3. Loss or damage caused by or resulting from moth, vermin, termites, or other insects, inherent vice, latent defect,wear, tear or gradual deterioration; contamination; rust,wet or dry rot, mold, dampness of atmosphere, smog or extremes of temperature. 4. Loss or damage caused by or resulting from misappropriation, conversion, infidelity or any dishonest act on the part of the Insured or other party of interest, his or their employees or agents to others whom the property may be delivered or entrusted (carriers for hire excepted). 5. Loss or damage to the property insured occasioned by war, invasion, hostilities acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power or martial law or confiscation by order of any government or publicauthority. 6. Loss or damage arising directly or indirectly from nuclear reaction, nuclear radiation or radioactive contamination however such nuclear reaction, nuclear radiation or radioactive contamination may have been caused. Nevertheless, if a fire arises directly or indirectly from nuclear reaction, nuclear radiation or radioactive contamination, any loss or damage arising directly from that fire shall (subject to the provisions of this policy) be covered excluding, however, all loss or damage caused by nuclear reaction, nuclear radiation or radioactive contamination arising directly or indirectly from thatfire. 7. Loss or damage caused by breakdown or derangement of refrigerating units. Property Excluded This extension does not cover: 1. Aircraft,watercraft, vehicles designed for highway use, animals,jewelry, precious stones and furs or garments trimmed with fur. 2. Currency, money, notes, securities, deeds, and evidences of debt 3. Property in due course of ocean marine transit. 4. Shipments by mail after delivery into the custody of the Post Office Department. 5. Samples while in the care, custody or control of salesmen. T544o-0118 Page 11 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 14 of 27 Conditions 1. The Insured may accept without prejudice to this insurance the ordinary bills of lading or receipts issued by carriers including those containing released and/or partially released value provisions, but the Insured shall not enter into any special agreements with carriers releasing them from their common law or statutory liability. 2. Property insured hereunder shall be valued as follows: a. Sold property at the actual net invoice price of the Insured. b. Unsold property at the actual cash value of the property at the time any loss or damage occurs with property deduction for depreciation and in no event to exceed what it would cost to repair or replace the property with material of like kind and quality. Extra Expense Coverage It is agreed that if the property covered under Insuring Agreement A is damaged or destroyed by perils insured against during the period of this Insurance so as to necessitate the incurrence of Extra Expense (as defined below)the Company shall be liable for the Extra Expense so incurred, not exceeding the actual loss sustained, for not exceeding such length of time, hereinafter referred to as the"period of restoration". It is further agreed that this extension of coverage shall not operate to increase the Company limits of liability hereunder. Definitions: A. Extra Expense: The term "Extra Expense" means the excess (if any) of the total cost incurred during the period of restoration chargeable to the operation of the Insured's business, over and above the total cost that would normally have been incurred to conduct the business during the same period had no damage or destruction occurred. B. Normal: The term "normal"wherever used herein shall mean;the condition that would have existed had no loss occurred. C. Period of Restoration: The term "Period of Restoration"means such length of time commencing with the date of damage and not limited by the date of expiration of this policy, as would be required with the exercise of due diligence and dispatch to repair, rebuild or replace such part of the Insured's property as has been damaged or destroyed. Conditions: A. Resumption of Operations: It is a condition of this Insurance that as soon as practicable, the Insured shall resume normal operations of the business and shall dispense with such extra expense. B. Interruption by Civil Authority: Liability hereunder is extended to include actual loss as covered hereunder, sustained during the period of time, not exceeding two weeks,when as a direct result of a peril insured against, access to the premises in which the property described is located is prohibited by order of civil authority. Exclusions: In addition to the General Exclusions of this Insurance, Company shall not be liable for Extra Expense resulting from: A. The suspension, lapse or cancellation of any lease, license, contract or order beyond the period of restoration; B. Interference at premises by strikers or other persons with rebuilding, repairing or replacing the property damages or destroyed or with the resumption or continuation of business; C. Enforcement of any local or state ordinance or law regulating construction, repair or demolition of buildings or structures; T544o-0118 Page 12 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 15 of 27 Further, the Company shall not be liable for: A. More than the amount set forth in the limits of liability; B. Loss of income; C. The cost of repairing or replacing any of the real or personal property covered hereunder, or the cost of research or other expense necessary to replace or restore damage or destroyed books of account, abstracts, drawings, card index systems or other records (including film, tape, disc, drum, cell or other magnetic recording or storage media for electronic data processing), that have been damaged or destroyed by the perils insured against, except cost in excess of the normal cost of such repair, replacement or restoration necessarily incurred for the purpose of reducing loss under this policy. In no event shall such excess cost exceed the amount by which the total extra expense loss otherwise payable under this policy is thereby reduced. D. Loss resulting from theft of any property which at the time of loss is not an integral part of a building or structure (except direct loss by pillage and looting occurring during and at the immediate place of a riot or civil commotion), unless loss by a peril not excluded in this policy ensues from theft or attempted theft, and then the Company shall be liable for only such ensuing loss; E. Any other consequential or remote loss. Pollution Cleanup and Removal Notwithstanding any conditions or terms contained elsewhere in this policy, coverage is extended to cover the cost to clean up and remove pollutants that are: 1. In the land or water at an insured location provided the discharge, seepage, migration, release, escape or dispersal is due to fire, lightening, explosion,windstorm, hail, leakage from fire protection equipment, smoke, vehicles and aircraft, riot, civil commotion, vandalism, sinkhole collapse, volcanic action, falling objects,weight of snow, ice or sleet, or water damage. For example: a fire at an insured location causes chemicals to run onto the ground and into a nearby river. This policy will pay to clean up the pollution that is in the land and water at the insured premises up to the limit of liability of this extension. This policy will not pay to clean up land or water away from an insured premises; 2. In the land or water away from an insured premises but only when pollution or contamination is caused by the collision, upset or overturn of a transporting vehicle which is owned, operated, rented, leased or borrowed by the Insured. Coverage is provided under the extension only if the following conditions are met: A. The cause of loss occurs during the policy period; B. The pollution must occur at an insured location except as provided for in clause 2.above. C. The clean-up and removal costs must be incurred and reported to the company within one hundred (180) days of either the date of direct physical loss or damage or the end of the policy period,whichever is earlier. Liability for loss under this extension shall not exceed $25,000 in any one occurrence or$25,000 in the aggregate for all such losses in any one policy year. However, these limits will apply separately to each County member listed as a Named Insured except$1,500,000 Aggregate applies to all County members. T544o-0118 Page 13 of 16 Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 16 of 27 ENDORSEMENT A NAMED INSURED ENDORSEMENT This endorsement, effective January 1, 2018, 12:01 AM Forms a part of Policy No: D38095432 001 Issued to: COLORADO COUNTIES CASUALTY AND PROPERTY POOL By: NAMED INSURED ENDORSEMENT It is agreed that the Participating Member Counties named hereunder are included as Named Insureds: 1. Alamosa 26. Lake 2. Archuleta 27. La Plata 3. Baca 28. Las Animas 4. Bent 29. Lincoln 5. Chaffee 30. Logan 6. Cheyenne 31. Mineral 7. Clear Creek 32. Montrose 8. Conejos 33. Morgan 9. Costilla 34. Moffat 10. Crowley 35. Otero 11. Custer 36. Ouray 12. Delta 37. Park 13. Dolores 38. Phillips 14. Eagle 39. Prowers 15. Elbert 40. Pueblo 16. Fremont 41. Rio Blanco 17. Garfield 42. Rio Grande 18. Gilpin 43. Routt 19. Grand 44. Saguache 20. Gunnison 45. San Juan 21. Hinsdale 46. San Miguel 22. Huerfano 47. Sedgwick 23. Jackson 48. Summit 24. Kiowa 49. Teller 25. Kit Carson 50. Washington 51. Weld 52. Yuma ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 2018 CAPP Property Policy-Peleus CAPP Page 17 of 27 ENDORSEMENT B JOINT LOSS CLAUSE This endorsement, effective January 1, 2018 12:01 AM Forms a part of Policy No: D38095432 001 Issued to: COLORADO COUNTIES CASUALTY AND PROPERTY POOL By: It is agreed that the policy to which this endorsement is attached is hereby amended as follows: In the event the Insured suffers a loss of or damage to property at a location designated in this policy and also designated in an Equipment Breakdown policy, and there is a disagreement between this company and the Equipment Breakdown Insurer with respect to: (1) whether the loss or damage was caused by an accident insured against by this policy or by a peril insured against by such Boiler insurance policy, or (2) the extent of participation of this policy and of such Boiler insurance policy in the loss or damage; then, after agreement among the Insured, this company and the Equipment Breakdown Insurer as to the total amount of the loss or damage recoverable under both policies, this company will, upon written request of the Insured, pay to the Insured, in addition to that portion of the total recoverable loss or damage for which it admits liability: one-half(1/2) of that portion of the total recoverable loss or damage which is in disagreement(but in no event more than the minimum amount remaining payable under either this policy or the Boiler insurance policy after making provision for undisputed payments) provided that the Equipment Breakdown Insurer shall simultaneously pay to the Insured the remaining one-half(1/2) of that portion of the total recoverable loss or damage which is in disagreement. Such payment by this company and the acceptance of the same by the Insured signifies the agreement of the company to submit to and proceed with arbitration within 90 days of such payment in order to apportion the amount of total recoverable loss or damage which is in disagreement between this company and the Equipment Breakdown Insurer. The arbitrators shall be three in number, one of whom shall be appointed by this company, and the third appointed by consent of the other two. The decision by the arbitrators shall be binding on the parties. The Insured agrees to cooperate in furnishing information and technical data as may be required by this company in connection with such arbitration or any other method of apportionment upon which this company and the Equipment Breakdown Insurer may decide, but not to intervene therein. Except as otherwise expressly provided herein, this endorsement does not modify or waive any of the terms and conditions of this policy or affect in any way the rights of the Insured or the Company hereunder. This endorsement shall not apply unless the Boiler insurance policy is similarly endorsed, and it may be cancelled by the Company on 90 days'written notice to the Insured. Name of Insured:Colorado Counties Casualty and Property Pool Policy Term:January 1,2018 to January 1,2019 2018 CAPP Property Policy-Peleus CAPP Page 18 of 27 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SERVICE OF SUIT If service of process is to be made upon the Company by way of hand delivery or courier service, delivery should be made to the Company's principal place of business: Claims Manager Colony Insurance Company, Colony Specialty Insurance Company, or Peleus Insurance Company 8720 Stony Point Parkway, Suite 400 Richmond, Virginia 23235 If service of process is to be made upon the Company by way of the U.S. Postal Service, the following mailing address should be used: General Counsel Colony Insurance Company, Colony Specialty Insurance Company, or Peleus Insurance Company P.O. Box 469011 San Antonio, Texas 78246 Where required by statute, regulation, or other regulatory directive, the Company appoints the Commissioner of Insurance, or other designee specified for that purpose, as its attorney for acceptance of service of all legal process in the state in any action or proceeding arising out of this insurance. The Commissioner or other designee is requested to forward process to the Company as shown above, or if required in his/her particular state, to a designated resident agent for service of process. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. U094-0415 Page 1 of 1 2018 CAPP Property Policy-Peleus CAPP Page 19 of 27 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - ELECTRONIC DATA This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE FORM The following is added: Electronic Data exclusion This Policy does not insure loss, damage, destruction, distortion, erasure, corruption, alteration, loss of use, reduction in functionality, cost, or expense arising from a "Computer Virus". "Computer Virus" means a set of corrupting, harmful or otherwise unauthorized instructions or code including a set of maliciously introduced unauthorized instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature. "Computer Virus" includes, but is not limited to, "Trojan Horses," "worms" and "time or logic bombs". However, in the event that fire or explosion results from any of the matters described in the paragraph above, this Policy, subject to all its terms, conditions and exclusions, will cover physical damage occurring during the policy period to property insured by this Policy directly caused by such fire or explosion. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. ALT113-0317 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 1 with its permission. 2018 CAPP Property Policy-Peleus CAPP Page 20 of 27 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CANCELLATION This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SECTION VII-CONDITIONS, F. Cancellation, 2. is deleted and replaced by the following: 2. We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least: a. 10 days before the effective date of cancellation if we cancel for one or more of the following reasons: (1) nonpayment of premium or failure to pay a premium when due; (2) conviction of an insured of a crime arising out of acts increasing the hazard insured against; (3) violation of any local fire, health, safety, building or construction regulation or ordinance which increases the hazard insured against under the policy; (4) any willful or reckless act or omission by an insured increasing the hazard insured against; (5) omission or concealment of fact relating to an insurance application, rating, claim or cov- erage under this policy; (6) failure or refusal of an insured to: (a) provide information necessary to confirm exposure or determine the policy premium; or (b) comply with underwriting requirements; (7) a substantial change in the risk covered by the policy; (8) loss of reinsurance or substantial decrease in reinsurance; (9) the cancellation is for all insureds under such policies for a given class of insureds; or (10) any reason determined by the insurance commissioner. b. 90 days before the effective date of cancellation if we cancel for any other reason. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. ALT200-0916 Page 1 of 1 2018 CAPP Property Policy-Peleus CAPP Page 21 of 27 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 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 Treas- ury'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 2018 CAPP Property Policy-Peleus CAPP Page 22 of 27 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF CERTIFIED ACTS AND OTHER ACTS OF TERRORISM This endorsement modifies insurance provided under the following: COMMERCIAL CRIME COVERAGE FORM COMMERCIAL CRIME POLICY COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART FARM COVERAGE PART STANDARD PROPERTY POLICY A. The following Exclusion is added: We will not pay for loss or damage caused directly or indirectly by the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss, except for ensuing fire, but only to the extent as required by state statute as indicated in item B., below. EXCLUSION OF CERTIFIED ACTS AND OTHER ACTS OF TERRORISM We will not pay for loss or damage caused directly or indirectly by a "certified act of terrorism" or an "other act of terrorism", including action in hindering or defending against an actual or expected incident of a "certified act of terrorism" or an "other act of terrorism". Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. But with respect to any such activity that also comes within the terms of the War And Military Action Exclusion, that exclusion supersedes this Terrorism Exclusion. In the event of an act of terrorism that involves nuclear reaction or radiation, or radioactive contami- nation, this Terrorism Exclusion supersedes the Nuclear Hazard Exclusion. EXCLUSION OF NUCLEAR, BIOLOGICAL OR CHEMICAL TERRORISM We will not pay for loss or damage caused directly or indirectly by any act of terrorism: 1. that involves the use, release or escape of nuclear materials, or directly or indirectly results in nuclear reaction or radiation or radioactive contamination; or 2. that is carried out by means of the dispersal or application of pathogenic or poisonous biological or chemical materials; or 3. in which pathogenic or poisonous biological or chemical materials are released, and it appears that one purpose of the terrorism was to release such materials; including action in hindering or defending against an actual or expected incident of terrorism. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. In the event of any incident of terrorism that is not subject to this Nuclear, Biological or Chemical Terrorism Exclusion, coverage does not apply to any element of loss or damage that is otherwise excluded under this Coverage Part or Standard Property Policy. But with respect to any such activity that also comes within the terms of the War And Military Action Exclusion, that exclusion supersedes this Terrorism Exclusion. In the event of an incident of terrorism that involves nuclear reaction or radiation, or radioactive contamination, this Terrorism Exclusion supersedes the Nuclear Hazard Exclusion. UIL0961-0115 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 2 with its permission. 2018 CAPP Property Policy-Peleus CAPP Page 23 of 27 B. Exception Covering Certain Fire Losses If a "certified act of terrorism" or an "other act of terrorism" results in fire, we will pay for the loss or damage caused by that fire, to the extent as required by state statute. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the exception does not apply to insurance provided under Business Income and/or Extra Expense coverage forms or endorsements which apply to those forms, or to the Legal Liability Coverage Form or the Leasehold Interest Coverage Form. C. The following definitions are added with respect to the provisions of this endorsement: "Certified act of terrorism" means an act that is certified by the Secretary of the Treasury, in accordance with the provisions of the federal Terrorism Risk Insurance Act to be an act of terrorism pursuant to such Act. The criteria contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following: a. 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 b. 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. "Other act of terrorism" means a violent act or an act that is dangerous to human life, property or infra- structure that is committed by an individual or individuals and that appears to be part of an effort to coerce a civilian population or to influence the policy or affect the conduct of any government by coercion, and the act is not a "certified act of terrorism". Multiple incidents of an "other act of terrorism" which occur within a seventy-two hour period and appear to be carried out in concert or to have a related purpose or common leadership shall be considered to be one incident. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. UIL0961-0115 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 2 with its permission. 2018 CAPP Property Policy-Peleus CAPP Page 24 of 27 POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You are hereby notified that under the Terrorism Risk Insurance Act, as amended, that you have a right to purchase insurance coverage for losses resulting from acts of terrorism, as defined in Section 102(1)of the Act: The term"act of terrorism" means any act or acts that are certified by the Secretary of the Treasury- in consultation with the Secretary of Homeland Security, and the Attorney General of the United States-to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of certain air carriers or vessels or the premises of a United States mission; and to have been 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. YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 85% THROUGH 2015; 84% BEGINNING ON JANUARY 1, 2016; 83% BEGINNING ON JANUARY 1, 2017; 82% BEGINNING ON JANUARY 1, 2018; 81% BEGINNING ON JANUARY 1, 2019; AND 80% BEGINNING ON JANUARY 1, 2020, OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURANCE COMPANY PROVIDING THE COVERAGE. THE PREMIUM CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A$100 BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURER'S LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS$100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED$100 BILLION, YOUR COVERAGE MAY BE REDUCED. PLEASE ALSO BE AWARE THAT YOUR POLICY DOES NOT PROVIDE COVERAGE FOR ACTS OF TERRORISM THAT ARE NOT CERTIFIED BY THE SECRETARY OF THE TREASURY. Acceptance or Relection of Terrorism Insurance Coverage You must accept or reject this insurance coverage for losses arising out of acts of terrorism, as defined in Section 102(1)of the Act, before the effective date of this policy. Your coverage cannot be bound unless our representative has received this form signed by you on behalf of all insureds with all premiums due. T7Coverage acceptance: I hereby elect to purchase coverage for certified acts of terrorism, as defined in Section 102(1)of the Act for a prospective annual premium of $ . I understand that I will not have coverage for losses resulting from any non-certified acts of terrorism. OR X Coverage rejection: I hereby decline to purchase coverage for certified acts of terrorism, as defined in Section 102(1)of the Act. I understand that I will not have coverage for any losses arising from either certified or non-certified acts of terrorism. Signature On File PELEUS INSURANCE COMPANY Policyholder/Applicant's Signature- Insurance Company Must be person authorized to sign for all Insureds. On File BPR180001 Print Name Policy Number COLORADO COUNTRIES CASUALTY AND PROPERTY On File POOL Submission Number Named Insured 10053 On File Producer Number Date RISK PLACEMENT SERVICES, INC. (ALPHARETTA, GA) Producer Name 2400 LAKEVIEW PARKWAY, STE 675 Street Address ALPHARETTA, GA 30009 City, State,Zip The producer shown above is the wholesale insurance broker your insurance agent used to place your insurance coverage with us. Please discuss this Disclosure with your agent before signing. TRIA Notice-0115 Page 1 of 1 2018 CAPP Property Policy-Peleus CAPP Page 25 of 27 Al ARGO GROUP US Privacy Policy Argo Group US, Inc. ("Argo Group") recognizes the importance of maintaining the privacy of our customers and the confidentiality of each individual's nonpublic personal information, including Social Security numbers. We take seriously the responsibility that accompanies our collection of nonpublic personal information, including Social Security numbers. Accordingly, Argo's corporate policy is to protect the privacy and confidentiality of our consumers and their nonpublic personal information as required by law. Information Collection and Use In order to conveniently and effectively provide and service the insurance products we sell, we may collect and use Social Security numbers and other nonpublic personal information. As such, this policy does not prohibit the collection or use of Social Security numbers and nonpublic personal information where legally authorized and/or required. This policy complies with the requirements of the Gramm-Leach-Bliley Act (GLBA) and applicable federal and state laws and regulations implementing the act. Such laws impose certain obligations upon third persons and organizations with which we share nonpublic personal information of our consumers, customers, former customers, or claimants. Accordingly, we prohibit the unauthorized disclosure of Social Security numbers and other protected nonpublic personal information, except as legally required or authorized. Information Sharing and Disclosure Argo Group does not rent, sell or share your personally identifiable information with nonaffiliated third parties. Argo Group may, however, share personally identifiable information with third-party contractors. These third-party contractors are prohibited from using the information for purposes other than performing services for Argo Group. Argo Group may disclose your information to third parties when obligated to do so by law and to investigate, prevent, or take action regarding suspected or actual prohibited activities, including but not limited to fraud and situations involving the security of our operations and employees. Finally, Argo Group may transfer information, including any personally identifiable information, to a successor entity in connection with a corporate merger, consolidation, sale of all or a portion of its assets, bankruptcy, or other corporate change. Security In order to protect your nonpublic personal information, we limit access to nonpublic personal information by only allowing authorized personnel to have access to such information. Furthermore, we maintain physical, electronic and procedural security protections to safeguard the nonpublic personal information in our records. Documents that contain an individual's protected information are destroyed before disposal; this destruction process includes the shredding of print and disposable media and deletion of electronic media. Argo Group has security measures in place to protect the loss, misuse and alteration of the information under our control. Our hardware infrastructure is housed in a controlled access facility that restricts access to authorized individuals. The network infrastructure is protected by a firewall and traffic is monitored and logged both on the firewall and servers. Sensitive administrative activities are carried out over secure, encrypted links between our offices and hosting facility. Administrative PRIVACY NOTICE-0415 Page 1 of 2 2018 CAPP Property Policy-Peleus CAPP Page 26 of 27 access is limited not only to authorized employees but also to specific remote administration protocols and IP addresses. All employees with access to personally identifiable information have been advised of Argo Group's security policies and practices. Argo Group will continue to conduct internal audits of its security systems and make all necessary enhancements to ensure the safety of the website and its users. No method of transmission over the Internet or method of electronic storage is 100% secure; therefore, while Argo Group uses commercially acceptable means to protect your information, we cannot guarantee absolute security. Any Argo Group employee who becomes aware of the inappropriate use or disclosure of Social Security numbers and other protected nonpublic personal information is expected to immediately report such behavior to the General Counsel for further action. Corrected/Updated Information This policy applies to certain insureds of Argo Group, including but not limited to worker's compensation claimants. If you have any questions about this Privacy Policy, please contact: General Counsel Argo Group US, Inc. P.O. Box 469011 San Antonio, Texas 78246 (210) 321-8400 *Note: Argo Group is the parent of Argonaut Insurance Company; Argonaut-Southwest Insurance Company; Argonaut-Midwest Insurance Company; Argonaut Great Central Insurance Company; Argonaut Limited Risk Insurance Company; ARIS Title Insurance Corporation; Select Markets Insurance Company; Colony Insurance Company; Colony Specialty Insurance Company; Peleus Insurance Company (fka Colony National Insurance Company); Rockwood Casualty Insurance Company; Somerset Casualty Insurance Company; Grocers Insurance Agency, Inc.; Central Insurance Management, Inc.; Alteris Insurance Services, Inc.; Trident Insurance Services, LLC; Commercial Deposit Insurance Agency, Inc.; Sonoma Risk Management, LLC; John Sutak Insurance Brokers, Inc.; Colony Management Services, Inc.; Argonaut Management Services, Inc.; and Argonaut Claims Management, LLC. This Privacy Policy applies to all companies and business produced or underwritten within Argo Group. PRIVACY NOTICE-0415 Page 2 of 2 2018 CAPP Property Policy-Peleus CAPP Page 27 of 27 Homeland Insurance Company of New York 150 Royal! Street Canton, MA 02021-1030 DECLARATIONS EXCESS PROPERTY POLICY POLICY NUMBER: 795007027 PRODUCER NUMBER: 0105789 INSURED'S NAME&ADDRESS: PRODUCER NAME: CRC Insurance Services, Inc. Colorado Counties Casualty and Property Pool Ste 400 800 N Grant St Denver, CO 80203-2944 INCEPTION: January 1, 2018 EXPIRATION: January 1, 2019 At 12:01 a.m. standard time at place of issuance, the designated company (a stock insurance company, herein called the company), in consideration of the payment of the premium specified in this policy and subject to the limits of liability, exclusions, conditions and other terms of this policy (or as may be added by form(s) or endorsement(s) hereto) does agree with the insured named above (herein called the insured), to indemnify the insured for the amounts which the insured may be entitled to recover under the circumstances described in this policy and the endorsement attached hereto. Limit(s) of Recovery and Underlying Amount(s) (Deductible, SIR or Primary Amounts) $75,000,000 each occurrence excess of$25,000,000 each occurrence subject to a sublimit of$25,000,000 each occurrence and in the aggregate annually as respects the perils of Earthquake and Flood each occurrence and in the aggregate annually as respects the peril of Earthquake and Flood excess of $25,000,000 each occurrence and in the aggregate annually as respects the peril of Earthquake and Flood. Policy Premium $125,000. Other TRIA Not Purchased Total Due $125,000. This policy is made and accepted subject to the conditions in this printed policy together with the provisions, stipulations and agreements contained in the following forms or endorsements which are attached to and form part of this policy: U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") Advisory Notice to Policyholders; Policyholder Disclosure Notice of Terrorism Insurance Coverage; Exclusion of Certified Acts of Terrorism; Excess Property Conditions; Excess Physical Damage Form; Service of Suit Endorsement; Minimum Earned Premium Clause Endorsement #1; Mold, Spores or Fungus Exclusion Endorsement #2; Electronic Data Endorsement #3; Nuclear, Chemical & Biological Exclusion Endorsement #4; Pollution, Contamination and Asbestos Exclusion Endorsement #5; Special Conditions Endorsement #6; Schedule of Named Insureds/Additional Insureds and Mortgagees/Loss Payees Endorsement #7; Priority of Payments Endorsement#8 &Year 2000/Date Change Exclusion. SURPLUS LINES LICENSEE: CRC Corporate license#183767 This contract is delivered as a surplus line coverage under the 'Nonadmitted Insurance Act'. The insurer issuing this contract is not licensed in Colorado but is an ELIGIBLE nonadmitted insurer. There is no protection under the provisions of the 'Colorado Insurance Guaranty Association Act'. CO SURPLUS LINES TAX-$3,750.00 3/5/2018 SIGNATURE DATE OF ISSUANCE FORM NO. SP 10001 06-04 2018 CAPP Property-Homeland CAPP Page 1 of 26 EXCESS PROPERTY CONDITIONS 1. MISREPRESENTATION AND FRAUD B) At any other location or in transit: This entire policy shall be void if, either before or after a Any act or agreement by the Insured before or loss, the Insured has concealed or misrepresented any after loss or damage whereby any right of the material fact or circumstance concerning this insurance of Insured to recover in whole or in part for loss or the subject thereof, or the interest of the Insured therein, damage to property covered against any carrier, or in case of any fraud or false swearing by the Insured bailee, or any other party is released, impaired or relating thereto. lost, shall render this policy null and void, but the Company's right to retain or recover the premium 2. AUDIT shall not be affected. The Company is not liable for any loss or damage which, without its written It is agreed that the Company, or its authorized agent, consent has been settled or compromised by the shall at all reasonable times during the term of this policy Insured. and for a period of one (1) year subsequent to the expiration or cancellation effective date of this policy, have 4. OTHER INSURANCE access to the books and records of the Insured for the purpose of determining the actual premium due hereunder A) If at the time of loss or damage, there is available to a or any other matter or matters pertaining to this insurance. named or unnamed Insured or any other interested party any other insurance which would apply in the 3. IMPAIRMENT OF RECOVERY RIGHTS absence of this policy, the insurance under this policy shall apply only as excess insurance over such other As respect property covered situated: insurance. A) In or on premises at any location covered which B) Insurance in excess of the amount recoverable under is owned, leased, rented or operated by the this policy is not permitted unless the Company's Insured: permission is otherwise endorsed hereon. This insurance shall not be invalidated should the 5. PROTECTION OF PROPERTY Insured waive in writing any or all right of recovery for loss against any party, provided that if such waiver is In case of loss, it shall be lawful and necessary for the made: Insured, his or their factors, servants and assigns, to sue, labor, and travel for, in and about the defense, safeguard (1) before loss has occurred, such waiver may and recovery of the property insured hereunder, or any be in favor of any third party. part thereof, without prejudice to this insurance; nor shall the acts of the Insured or the Company, in recovering, (2) after loss has occurred, such waiver shall saving and preserving the property insured in case of loss only be in favor of a third party falling within be considered a waiver or an acceptance of abandonment one of the following categories at the time of The expenses so incurred shall be apportioned between loss: the interests concerned in the ratio of their respective loss payments as finally settled. a) A THIRD PARTY INSURED UNDER THIS POLICY; or 6. NOTICE OF LOSS b) A CORPORATION, FIRM, OR ENTITY The Insured shall, as soon as practicable, report in writing (a) OWNED OR CONTROLLED BY to the Company, or its agent, every loss occurrence which THE NAMED INSURED OR IN WHICH may give rise to a claim under this policy. THE NAMED INSURED OWNS CAPITAL STOCK OR OTHER 7. EXAMINATION UNDER OATH PROPRIETARY INTEREST, or (b) OWNING OR CONTROLLING THE The Insured, as often as may be reasonably required, NAMED INSURED OR OWNING OR shall exhibit to any person designated by the Company all CONTROLLING CAPITAL STOCK OR that remains of any property herein described, and shall OTHER PROPRIETARY INTEREST IN submit, and in so far as is within his or their power cause THE NAMED INSURED; or his or their employees, members of the household and others to submit to examinations under oath by any c) A TENANT OF THE NAMED INSURED. person named by the Company and subscribe the same; and, as often as may be reasonably required, shall 2018 CAPP Property-Homeland CAPP Page 2 of 26 produce for examination all writings, books of account, However, no loss shall be paid under this policy, if the bills, invoices and other vouchers, or certified copies Insured has collected the amount of the loss or damage thereof if originals be lost, at such reasonable time and from others. place as may be designated by the Company or its representative, and shall permit extracts and copies 11. LOSS APPRAISAL thereof to be made. No such examination under oath or examination of books or documents, nor any other act of If the Insured and this Company shall fail to agree to the the Company or any of its employees or representatives in amount of the loss or damage, then on the written connection with the investigation of any loss or claim demand of either party, each shall select a competent and hereunder, shall be deemed a waiver of any defense disinterested appraiser and notify the other of the which the company might otherwise have with respect to appraiser selected within twenty (20) days of such any loss or claim, but all such examinations and acts shall demand. be deemed to have been made or done without prejudice to the Company's liability. The appraisers shall first select a competent and disinterested umpire. If the appraisers fail for fifteen (15) 8. PAIR, SET OR PARTS days to agree upon an umpire, then at the request of the Insured or this Company, the umpire shall be selected by In the event of loss of or damage to: a Judge of a Court of Record in the state where the loss or damage occurred. (a) any article or articles which are a part of a pair or set, the measure of loss of or damage to such article or The appraisers shall then appraise the loss or damage articles shall be a reasonable and fair proportion of within a reasonable time and state separately the value the total value of the pair or set giving consideration (on the same basis as provided in the Recovery to the importance of said article or articles, but in no Provisions contained elsewhere in this policy) as of the event shall such loss or damage be construed to date and time of the loss occurrence of each item lost or mean total loss of the pair or set: damaged and the amount of the loss or damage to each such item. If the appraisers fail to agree they shall then (b) any part of property covered consisting, when submit their differences to the umpire. An itemized award complete for use, of several parts, the Company shall in writing of any two, when filed with this Company, shall only be liable for the value of the part lost or determine the amount of value and the amount of the loss damaged. or damage to such items. 9. PROOF OF LOSS The Insured and this Company shall each pay his or its appraiser and shall bear equally the other expenses of the The Insured shall file with this Company, or its agent, appraisal and the umpire. The Company shall not be held within ninety (90) days from the date of discovery of the to have waived any of its rights by any act relating to loss occurrence, a proof of loss signed and sworn to by appraisal. the Insured, stating to the best knowledge and belief of the insured: 12. SUIT A) The interest of the Insured and of all others in the No suit, action or proceeding for the recovery of any claim property affected; under this policy shall be sustainable in any court of law or equity unless the same be commenced within twelve (12) B) The value of each item thereof and the amount of months next after discovery by the Insured of the loss or damage thereto; occurrence which gives rise to the claim, provided however, that if by the laws of the State within which this C) All encumbrances thereon; policy is issued such limitation is invalid, then any such claims shall be void unless such action, suit or proceeding D) All other contracts of insurance, whether valid or not, be commenced within the shortest limit of time permitted covering any of the property affected, and shall by the laws of such State. furnish a copy of all the descriptions and schedules in all such insurance policies, if required. 13. SUBROGATION AND LOAN RECEIPT 10. PAYMENT OF LOSS If, in the event of loss or damage, the Insured shall acquire any right of action against any individual, firm or Upon final determination of the claim of the Insured, the corporation for loss of, or damage to, property covered Company shall promptly pay the Insured the amounts of hereunder, the Insured will, if requested by the Company, any losses failing within the terms or limits of this assign and transfer such claim or right of action to the insurance. All losses covered under this policy shall be Company or, at the Company's option, execute and due and payable by the Company within sixty (60) days deliver to the Company the customary form of loan receipt after they are respectively claimed and proof of loss filed upon receiving an advance of funds in respect of the loss with the Company in conformity with this policy. or damage; and will subrogate the Company to, or will Bankruptcy or insolvency of the Insured shall not relieve hold in trust for the Company, all such rights of action to the Company of any of its obligations hereunder. the extent of the amount paid or advanced, and will permit 2018 CAPP Property-Homeland CAPP Page 3 of 26 suit to be brought in the Insured's name under the insurance and the applicable limit of liability shall not be direction of and at the expense of the Company. reduced by the amount of any loss covered hereunder. 14. PRIVILEGE TO ADJUST WITH OWNER 19. CHANGES In the event of loss or damage to property of others held Notice to any agent or knowledge possessed by any by the Insured for which claim is made upon the agent or by any other person shall not effect a waiver or a Company, the right to adjust such loss or damage with the change in any part of this policy or estop the Company owner or owners of the property is reserved to the from asserting any right under the terms of this policy, nor Company and the receipt of such owner or owners in shall the terms of this policy be waived or changed, except satisfaction thereof shall be in full satisfaction of any claim by endorsement issued to form a part of this policy. of the Insured for which such payment has been made, 20. CANCELLATION If legal proceedings be taken to enforce a claim against the Insured as respects any loss or damage, the This policy may be cancelled by the Insured by surrender Company reserves the right, at its option, without expense thereof to the Company or any of its authorized agents or to the Insured, to conduct and control the defense on by mailing to the Company written notice stating when behalf of and in the name of the Insured. No action of the thereafter the cancellation shall be effective. Except as Company in such regard, shall increase the liability of the respects cancellation for nonpayment of premium, this Company under this policy, nor increase the limits of policy may be cancelled by the Company by mailing to the liability specified in this policy. Insured at the address shown elsewhere in this policy written notice stating when (not less than ninety (90) days) 15. SALVAGE OR RECOVERIES thereafter such cancellation shall be effective. When, in connection with any loss hereunder, any salvage In the event of non-payment of premium, the Company or recovery is received, subsequent to the payment of may cancel this policy by mailing to the Insured at the such loss, the loss shall be figured on the basis on which address shown elsewhere in this policy written notice it would have been settled had the amount of salvage or stating when (not less than ten (10) days) thereafter such recovery been known at the time the loss was originally cancellation shall be effective. determined. Any amounts thus found to be due either party from the other shall be paid promptly. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of the surrender or the effective date The expense of all proceedings necessary to such and hour of cancellation stated in the notice shall become recoveries shall be apportioned between the interests the end of the policy term. Delivery of such written notice concerned in the ratio of their respective recoveries as either by the Insured or by the Company shall be finally settled. If there should be no recovery and equivalent to mailing, proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. If the Insured cancels, earned premium shall be computed in accordance with the customary short rate table and 16. ABANDONMENT procedure. If the Company cancels, earned premium shall be computed pro-rata. Premium adjustment may be There can be no abandonment to the Company of any made at the time cancellation is effected. If not then property. made. premium adjustment shall be made as soon as practicable after the cancellation becomes effective. The 17. NO BENEFIT TO BAILEE Company's check or the check of its representative mailed or delivered as aforesaid shall be sufficient tender of any This insurance shall in no way inure directly or indirectly to refund of premium due to the Insured, the benefit of any carrier or other bailee. 21. CONFORMITY TO STATUTE 18. NO REDUCTION IN AMOUNT OF INSURANCE Terms of this policy which are in conflict with the statutes of the State wherein this policy is issued are hereby With the exception of loss caused by perils which are amended to conform to such statutes. subject to annual aggregate limits, the amount of 2018 CAPP Property-Homeland CAPP Page 4 of 26 EXCESS PHYSICAL DAMAGE FORM 1. INSURING AGREEMENT Subject to the limitations, terms and conditions contained in this Policy or added hereto, the Insurer(s) agree to indemnify the Insured named in the Schedule herein in respect of direct physical loss or damage to the property described in the Schedule, while located or contained as described in the Schedule, occurring during the period stated in the Schedule and caused by any of such perils as are set forth in the Schedule and which are also covered by and defined in the Policy(ies) specified in the Schedule and issued by the "Primary Insurer(s)" stated therein. 2. APPLICATION OF UNDERLYING PROVISIONS In respect of the perils hereby insured against this Policy is subject to the same warranties, terms and conditions (except as regards the premium, the amount and Limits of Liability other than the deductible or self-insurance provision where applicable, and the renewal agreement, if any, AND EXCEPT AS OTHERWISE PROVIDED HEREIN) as are contained in or as may be added to the Policy(ies) of the Primary Insurer(s) prior to the happening of a loss for which claim is made hereunder and should any alteration be made in the premium for the Policy(ies) of the Primary Insurer(s), then the premium hereon may be adjusted accordingly. 3. LIMITS OF LIABILITY Provided always that liability attaches to the Insurer(s) only after the Primary and Underlying Excess Insurer(s) have paid or have admitted liability for the full amount of their respective liability as set forth in the Schedule and designated "Primary and Underlying Excess Limit(s)" and then the limits of the Insurer(s) liability shall be those set forth in the Schedule under the designation "Underlying Excess Limit(s)" and the Insurer(s) shall be liable to pay up to the full amount of such "Underlying Excess Limit(s)". 4. MAINTENANCE OF PRIMARY AND UNDERLYING EXCESS POLICY(IES)AND LIMITS It is a condition precedent to recovery under this Policy that the Policy(ies) and Limit(s) of the Primary and Underlying Excess Insurer(s) set forth in the Schedule be maintained in full force and effect, except for any reduction or exhaustion of any underlying aggregate Limits of Liability contained therein, solely by the amount of loss(es) paid or admitted during the policy term. There is no recovery under this excess policy as respects those coverages which are sublimited within the primary and/or underlying excess policy(ies)to amounts less than the amount indicated in the Schedule, however, the Insurer(s)to this excess policy recognize that the primary and underlying excess policy limits can be eroded or exhausted, wholly or partially, by application of said sublimits. 5. DROP DOWN CLAUSE In the event of such reduction of the aggregate Limits of Liability of the Primary and Underlying Excess Insurance's this Policy shall pay excess over the reduced aggregate limit. In the event of exhaustion of aggregate Limits of Liability of the Primary and Underlying Excess Insurance's this Policy, subject to all its provisions, shall continue in force as Primary Insurance in respect to perils covered by this policy for which the aggregate Limit of Liability has been so exhausted and the deductible or self-insured amount applicable to that peril, as set forth in the Schedule, shall apply to this Policy. 6. APPLICATION OF RECOVERIES v. EFF 081817 I 1 2018 CAPP Property-Homeland CAPP Page 5 of 26 EXCESS PHYSICAL DAMAGE FORM All salvages, recoveries or payments recovered or received subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to such settlement and all necessary adjustments shall then be made between the Insured and the Insurer(s), provided always that nothing in this Policy shall be construed to mean that losses under this Policy are not recoverable until the Insured's ultimate net loss has been finally ascertained. 7. NOTIFICATION OF CLAIMS The Insured upon knowledge of any occurrence likely to give rise to a claim hereunder shall give immediate written notice thereof to the person(s) or firm named for the purpose in the Schedule. 8. PRIORITY OF PAYMENT Notwithstanding anything contained herein to the contrary it is hereby agreed that in the event of a claim hereunder which involves more than one interest and/or coverage and/or peril, it shall be at the sole option of the Insured to apportion recovery under this policy when submitting final proof of loss, subject to the overall amount of claim not exceeding the overall limit of liability contained herein for any one loss. For the purpose of attachment of coverage for excess layers, it is further agreed that loss involving any interest and/or peril covered in primary or underlying excess layers, but excluded in higher excess layers, shall be recognized by such excess layers as eroding or exhausting the occurrence limits of the primary and/or underlying excess layer(s). Nothing herein, however, shall be deemed to extend coverage in such layers(s) to include loss from the specifically excluded peril in the excess layer(s) itself. 9. UNCOLLECTIBILITY OF OTHER INSURANCE Notwithstanding any of the terms of this Policy that might be construed otherwise, the insurance provided by this Policy shall always be excess over the maximum monetary limits set forth in Item 10 and/or 11 of The Schedule (reduced only by reduction of any underlying aggregate limits as provided for in Clause 4 herein) regardless of the uncollectibility (in whole or in part) of any underlying insured amounts for any reason, including, but not limited to, the financial impairment or insolvency of an underlying Insurer(s). The risk of uncollectibility (in whole or in part) of other insurance, whether because of financial impairment or insolvency of an underlying or other insurer(s) or for any other reason, is expressly retained by the Insured and is not in any way or under any circumstances insured or assumed by Insurer(s). In the event of the bankruptcy or insolvency, or other financial impairment, of any underlying insurer, this policy shall not be liable for the obligations of the underlying policy. This policy shall apply as if the underlying insurance were valid and collectible. This insurance shall not replace the underlying insurance. v. EFF 081817 12 2018 CAPP Property-Homeland CAPP Page 6 of 26 EXCESS PHYSICAL DAMAGE FORM THE SCHEDULE 1. Insurer: Homeland Insurance Company of NY 2. Policy Number: 795007027 3. Named Insured: Colorado Counties Casualty and Property Pool 4. Mailing Address: do CTSI 800 Grant Street, Ste 400 5. Policy Period: From: January 1, 2018 To: January 1, 2019 Both days at 12:01 am local standard time 6. Perils Insured: As defined in primary policy issued by Westchester Surplus policy number D38095432001; Underwriters of Lloyds policy numbers EW0039518 and EW0039418 and Peleus Insurance policy number BPR180001 7. The Property or Interest: As defined in primary policy issued by Westchester Surplus policy Number 038095432001; Underwriters of Lloyds policy numbers EW0039518 and EW0039418 and Peleus Insurance policy number BPR 180001 8. The Property Located or Contained At: As defined in primary policy issued by Westchester Surplus policy number D38095432001; Underwriters of Lloyds policy numbers EW0039518 and EW0039418 and Peleus Insurance policy number BPR180001 9. Premium: $125,000 10. Primary Limit(s): COVERAGE TOTAL LIMIT OF LIABILITY INSURER LIMIT LAYER FOR PRIMARY INSURER POLICY NO. PARTICIPATION I. $10,000,000 Per Occurrence Westchester Except$5,000,000 Per Occurrence Surplus $2,000,000 120% and Annual Aggregate for Flood Zone A D38095432001 Excess of CAPP Deductibles inclusive Of CAPP Member Deductibles UW's at Lloyds $5,500,000 155% EW0039518 EW0039418 Peleus Insurance$2,500,000 125% BPR180001 v. EFF 081817 13 2018 CAPP Property-Homeland CAPP Page 7 of 26 EXCESS PHYSICAL DAMAGE FORM 11. Underlying Excess Limit(s): COVERAGE TOTAL LIMIT OF LIABILITY INSURER LIMIT LAYER FOR EXCESS INSURER POLICY NO. PARTICIPATION IL $15,000,000 Per Occurrence Liberty Surplus $7,500,000 150% Excess of$10,000,000 Including Insurance Corp. Flood (Excluding Flood Zone A) 10027847001 and Earthquake. All Excess CAPP Primary Deductibles UW's at Lloyds $4,500,000/30% EW 0039418 Westchester Surplus Lines Inc. Co. $3,000,000/20% D38095432001 III. $75,000,000 Per Occurrence Homeland Ins. $75,000,000/ 100% Excess of$25,000,000 Except Co. of New York $25,000,000 Per Occurrence/Annual 795007027 Aggregate for Flood (Excluding Flood Zone A) Excess of$25,000,000 $25,000,000 Per Occurrence/Annual Aggregate for Earthquake Excess of $25,000,000. All Excess CAPP Primary Deductibles v. EFF 081817 14 2018 CAPP Property-Homeland CAPP Page 8 of 26 SERVICE OF SUIT ENDORSEMENT In the event of the failure of the Company to pay any amount claimed to be due hereunder, the Company, at the request of the Insured, will submit to the jurisdiction of a Court of competent jurisdiction within the United States. Nothing in this condition constitutes or should be understood to constitute a waiver of the Company's rights to commence action in any court of competent jurisdiction in the United States 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 Sates or of any state in the United States. It is further agreed that service of process in such suit may be made upon General Counsel, OneBeacon Insurance, One Beacon Lane, Canton, MA 02021-1030, or his representative. Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, Insurers hereon hereby designate the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as their true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Insured or any beneficiary hereunder arising out of this Policy and hereby designate the above named as the person to whom the said officer is authorized to mail such process or a true copy thereof. Attached to and forming part of Policy No. 795007027 of the Homeland Insurance Company of New York. OBSP 06/04 2018 CAPP Property-Homeland CAPP Page 9 of 26 ENDORSEMENT #1 Minimum Earned Premium Clause It is hereby understood and agreed that this policy is written subject to a 25% Minimum Earned Premium, regardless of time in force. Minimum Earned Premium: $31,250. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. POLICY NUMBER: 795007027 COMPANY: Homeland Insurance Company of New York INSURED: Colorado Counties Casualty and Property Pool EFFECTIVE: January 1, 2018 OBSP 06/04 2018 CAPP Property-Homeland CAPP Page 10 of 26 ENDORSEMENT #2 INSURED: Colorado Counties Casualty and Property Pool COMPANY: Homeland Insurance Company of New York POLICY NO.: 795007027 EFFECTIVE: January 1, 2018 MOLD, SPORES, OR FUNGUS EXCLUSION The following clauses are added to this policy and take precedence over any other wording contained in this policy. This policy does not apply to any loss or damage caused by or resulting from the actual or threatened existence, growth, release, transmission, migration, dispersal or exposure to "Mold", "Spores", or Fungus". "Mold", Spores", or "Fungus" means any mold, spores, or fungus of any type that can cause or threaten physical damage, deterioration, loss of use or loss of value or marketability, to any tangible property whatsoever. This includes, but is not limited to, any type(s) of mold, spores, or fungus that is damaging or potentially damaging to tangible property. Nor does this policy apply to the cost of removal, disposal, decontamination or replacement of Insured property which has been contaminated by mold, spores, or fungus and by law or civil authority must be restored, disposed of, or decontaminated. Any such loss described above is excluded, regardless of any other cause of event that contributed concurrently or in any sequence to the loss. ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED Page 1 of 1 OBSP 06/04 2018 CAPP Property-Homeland CAPP Page 11 of 26 ENDORSEMENT #3 INSURED: Colorado Counties Casualty and Property Pool COMPANY: Homeland Insurance Company of New York POLICY NO.: 795007027 EFFECTIVE: January 1, 2018 ELECTRONIC DATA ENDORSEMENT 1. ELECTRONIC DATA EXCLUSION Notwithstanding any provisions to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows: a. This Policy does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, expense of whatsoever nature resulting therefrom, regardless of any other cause or event contributing concurrently or in any other sequence to the loss. ELECTRONIC DATA means facts, concepts and information converted to a form usable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment and includes programmes, software and other coded instructions for the processing and manipulation of data of the direction and manipulation of such equipment. COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorized instructions or code including a set of maliciously introduced unauthorized instructions or code, programmatic or otherwise, that propagates themselves through a computer system or network of whatsoever nature. COMPUTER VIRUS includes but is not limited to "Trojan Horses", "worms" and"time or logic bombs". b. However, in the event that a peril listed below results from any of the matters described in paragraph (a) above, this Policy, subject to all its terms, conditions and exclusions will cover physical damage occurring during the Policy period to property insured by this Policy directly caused by such listed peril. Listed Perils: Fire Explosion Page 1 of 2 2018 CAPP Property-Homeland CAPP Page 12 of 26 2. ELECTRONIC DATA PROCESSING MEDIA VALUATION Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows: Should electronic data processing media insured by this Policy suffer physical loss or damage insured by this Policy, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering or any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Policy does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED Page 2 of 2 OBSP 06/04 2018 CAPP Property-Homeland CAPP Page 13 of 26 ENDORSEMENT #4 INSURED: Colorado Counties Casualty and Property Pool COMPANY: Homeland Insurance Company of New York POLICY NO.: 795007027 EFFECTIVE: January 1, 2018 NUCLEAR, CHEMICAL AND BIOLOGICAL EXCLUSION It is agreed that the following exclusions are added to this policy. This policy does not insure against: A. Loss or damage arising directly or indirectly B. Loss or damage arising directly or indirectly from nuclear detonation, reaction, nuclear from the dispersal, application or release of, radiation or radioactive contamination, all or exposure to, chemical or biological whether controlled or uncontrolled, or due to materials or agents, all whether controlled or any act or condition incident to any of the uncontrolled, or due to any act or condition foregoing, whether such loss be direct or incident to any of the foregoing, whether indirect, proximate or remote, or be in whole such loss be direct or indirect, proximate or or in part caused by, contributed to, or remote or be in whole or in part caused by, aggravated by, any physical loss or damage contributed to, or aggravated by, any insured against by this policy, however such physical loss or damage insured against by nuclear detonation, reaction, nuclear radiation this policy, however such dispersal, or radioactive contamination may have been application, release or exposure may have caused. This exclusion replaces any other been caused. nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this policy. ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED. NCB Exclusion 2006 07 25 2018 CAPP Property-Homeland CAPP Page 14 of 26 ENDORSEMENT #5 INSURED: Colorado Counties Casualty and Property Pool COMPANY: Homeland Insurance Company of New York POLICY NO.: 795007027 EFFECTIVE: January 1, 2018 POLLUTION, CONTAMINATION AND ASBESTOS EXCLUSION ENDORSEMENT I. It is agreed that the following exclusions are added to the Policy: This Policy does not insure against 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 contributing concurrently or in any sequence to the loss. A. Actual, alleged or threatened release, discharge, dispersal or escape of toxic or hazardous substances, contaminants or pollutants, at any time regardless of whether sudden or accidental, all whether direct or indirect, proximate or remote, or in whole or in part caused by, contributed to or aggravated by any physical damaged insured by this policy. The term "pollutant" used in this clause is defined as any solid, liquid, gaseous or thermal irritant, including but not limited to vapor, fumes, acids, alkalis, chemicals and/or waste. B. Asbestos removal. C. Demolition or increased cost of reconstruction, repair or debris removal necessitated by the enforcement of any law or ordinance regulating asbestos removal. D. Any governmental direction or request declaring that asbestos present in or part of or utilized on any undamaged portion of the Insured's property can no longer be used for which it was intended or installed and must be removed or modified. II. Costs, expenses, fines or penalties incurred or sustained by or imposed on the Insured at the order of any government agency, court or other authority arising from any cause whatsoever. ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNCHANGED 2018 CAPP Property-Homeland CAPP Page 15 of 26 ENDORSEMENT #6 SPECIAL CONDITIONS It is hereby understood and agreed that the following Special Conditions are added to and made a part of this policy: 1.) Premiums will be waived on endorsements generating 5100.00 or less. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED POLICY NUMBER: 795007027 COMPANY: Homeland Insurance Company of New York INSURED: Colorado Counties Casualty and Property Pool EFFECTIVE: January 1, 2018 2018 CAPP Property-Homeland CAPP Page 16 of 26 ENDORSEMENT #7 SCHEDULE OF NAMED INSUREDS/ADDITIONAL INSUREDS AND MORTGAGEES/LOSS PAYEES It is hereby understood and agreed that the Schedule of Named Insureds/Additional Insureds and Mortgagees/Loss Payees are as per the underlying policy. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED POLICY NUMBER: 795007027 COMPANY: Homeland Insurance Company of New York INSURED: Colorado Counties Casualty and Property Pool EFFECTIVE: January 1, 2018 2018 CAPP Property-Homeland CAPP Page 17 of 26 ENDORSEMENT #8 Priority of Payment Provision This provision modifies insurance provided under this policy. It is hereby agreed: 1. That the limits of the underlying policies can be eroded or exhausted, wholly or partially, by coverages and/or perils (A) sublimited in the underlying policies, and/or (B) excluded in this policy but covered by the underlying policies. In uch an event, this policy shall drop down directly over and pay excess over the remaining eroded limits or exhausted limits of the underlying policies. Nothing herein contained shall be deemed to extend coverage in this policy to pay loss for coverages and/or perils excluded in this policy. 2. That any loss settlement recoveries under the underlying policies can first apply to coverages and/or perils (A) sublimited in the underlying policies, and/or (B) excluded hereunder but covered by the underlying policies. ALL OTHER TERMS AND CONDITIONS OF THE POLICY REMAIN UNCHANGED. POLICY NUMBER: 795007027 COMPANY: Homeland Insurance Company of New York INSURED: Colorado Counties Casualty and Property Pool EFFECTIVE: January 1, 2018 OBSP 06104 2018 CAPP Property-Homeland CAPP Page 18 of 26 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. YEAR 20001 DATE CHANGE EXCLUSION THIS ENDORSEMENT MODIFIES COVERAGE UNDER ALL COVERAGE FORMS INCLUDED IN THE POLICY TO WHICH THIS ENDORSMENT IS ATTACHED. This insurance does not apply, in whole or in part, to any injury, damage, loss, claim, cost or expense, whether preventative, remedial, replacement, statutorily mandated or otherwise, directly or indirectly arising out of, resulting from, related to or involving: 1. Any actual, alleged, anticipated, potential or threatened failure, malfunction, inadequacy or degradation in performance of: a. Any of the following, whether owned, used, licensed, leased by or to, or in the care, custody or control of the insured or any other person or entity, including those for whom the insured is or may be responsible or legally liable: 1) All computer software; 2) All middleware; 3) All computer hardware and computer peripherals 4) Any device that stores, retrieves, processes, transmits or presents data, including but not limited to embedded chips, microprocessors, mainframe computers, personal computers, computer networks, local and wide area networks, routers, hubs, switches and bridges and any and all like or related items, including components thereof; or 5) Any other computerized or electronic equipment, components or devices; or b. Any other products, and any services, data or functions that directly or indirectly use or rely upon, in any manner, any of the items listed in Paragraph 1.a of this endorsement due to the inability to correctly recognize, process, distinguish, interpret or accept any data containing dates, date changes or date values prior to, during or after the year 2000, including but not limited to, leap year calculations; 2. Any advice, consultation, design, evaluation, inspection, installation, maintenance, repair, replacement or supervision provided or done by you or for you to assess, rectify, test for or monitor that which is described in paragraph a. of this endorsement; 3. Any rendering of or failure to render advice, consultation or review concerning a person's or entity's obligations to report, respond, disclose or otherwise address that which is described in paragraph a. of this endorsement; 4. Any wrongful or inaccurate disclosure or failure to disclose the impact or potential impact on the insured's operations as a result of that which is described in paragraph a. of this endorsement; or 5. Any actual or alleged failure to exercise appropriate business judgment in relation to that which is described in paragraph 1. of this endorsement. 1 2018 CAPP Property-Homeland CAPP Page 19 of 26 However, this exclusion does not apply to ensuing loss or damage resulting from one of the following causes of loss: a. Fire, lightning, explosion, windstorm, hail and theft; b. Smoke, aircraft or vehicles, riot or civil commotion; c. Vandalism, leakage from fire extinguishing equipment, sinkhole collapse; d. Volcanic action, falling objects, weight of snow, ice or sleet; e. Water damage, elevator collision resulting from mechanical breakdown; if such loss would otherwise be covered by this policy. 2 2018 CAPP Property-Homeland CAPP Page 20 of 26 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 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 Treas- ury's web site—http//www.treas.govlofac. 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 2018 CAPP Property-Homeland CAPP Page 21 of 26 POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE As we previously notified you, as required by the Terrorism Risk Insurance Act, as amended in 2015, you were offered the opportunity to purchase insurance coverage for losses resulting from acts of terrorism, as defined in Section 102(1) of the Act: The term "act of terrorism" means any act or acts that are certified by the Secretary of the Treasury, in consultation with the Secretary of Homeland Security, and the Attorney General of the United States - to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States mission; and to have been 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. YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 85% THROUGH 2015; 84% BEGINNING ON JANUARY 1, 2016; 83% BEGINNING ON JANUARY 1, 2017; 82% BEGINNING ON JANUARY 1, 2018; 81% BEGINNING ON JANUARY 1, 2019 AND 80% BEGINNING ON JANUARY 1, 2020 OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURANCE COMPANY PROVIDING THE COVERAGE. THE PREMIUM TO BE CHARGED FOR THIS COVERAGE IS PROVIDED BELOW AND DOES NOT INCLUDE ANY CHARGES FOR THE PORTION OF LOSS THAT MAY BE COVERED BY THE FEDERAL GOVERNMENT UNDER THE ACT. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A $100 BILLION CAP THAT LIMITS U.S. GOVERNMENT REIMBURSEMENT AS WELL AS INSURERS' LIABILITY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM WHEN THE AMOUNT OF SUCH LOSSES IN ANY ONE CALENDAR YEAR EXCEEDS $100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED $100 BILLION, YOUR COVERAGE MAY BE REDUCED. You rejected the offer of terrorism coverage you received as part of your policy quote and you have no coverage for losses resulting from an act of terrorism as defined in the Act. The premium required for your terrorism coverage would have been: $ 12,500.00. If your policy includes Property Coverage in one or more of these states: CA, CT, GA, HI, IA, IL, MA, ME, MO, NC, NJ, NY, OR, RI, VA, WA, WI, or WV; the following statement applies: The terrorism exclusion makes an exception for (and thereby continues your coverage for) property fire losses resulting from an act of terrorism. Therefore, even though you rejected the offer of terrorism coverage, that rejection does not apply to fire losses resulting from an act of terrorism - the coverage in your policy for such fire losses will continue. If such a loss occurs, and is certified under the Act, the loss will be reimbursed by the United States under the formula detailed above. PHN 014 IL 01 15 Contains copyrighted material of National Association Of Insurance Commissioners with its permission. Page 1 of 2 Copyright 2015,OneBeacon Insurance Group LLC 2018 CAPP Property-Homeland CAPP Page 22 of 26 If your policy includes Inland Marine Coverage in one or more of these states: CA, ME, MO, OR, or WI, the following statement applies: The terrorism exclusion makes an exception for (and thereby continues your coverage for) direct property damage fire losses resulting from an act of terrorism. Therefore, if you reject the offer of terrorism coverage, that rejection does not apply to direct property damage fire losses resulting from an act of terrorism - the coverage in your policy for such fire losses will continue. If such a loss occurs, and is certified under the Act, the loss will be reimbursed by the United States Government under the formula detailed above. You need to take no action with respect to this notice. You will receive a bill for your policy premium which will include the amount required for your coverage for fire losses resulting from an act of terrorism, if applicable. If you have any questions about this notice, please contact your agent. PHN 014 IL 01 15 Contains copyrighted material of National Association Of Insurance Commissioners with its permission. Page 2 of 2 Copyright 2015, OneBeacon Insurance Group LLC 2018 CAPP Property-Homeland CAPP Page 23 of 26 IL 09 53 01 15 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF 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 CRIME AND FIDELITY COVERAGE PART EQUIPMENT BREAKDOWN COVERAGE PART FARM COVERAGE PART STANDARD PROPERTY POLICY SCHEDULE The Exception Covering Certain Fire Losses (Paragraph C) applies to property located in the following state(s), if covered under the indicated Coverage Form, Coverage Part or Policy: State(s) Coverage Form, Coverage Part Or Policy CA, CT, GA, HI, IA, IL, MA, ME, MO, NC, NJ, NY, Property Coverage OR, PA, RI, VA, WA, WI, WV Information required to complete this Schedule, if not shown above, will be shown in the Declarations. A. The following definition is added with respect to B. The following exclusion is added: the provisions of this endorsement: CERTIFIED ACT OF TERRORISM EXCLUSION "Certified act of terrorism" means an act that is We will not pay for loss or damage caused directly certified by the Secretary of the Treasury, in or indirectly by a "certified act of terrorism". Such accordance with the provisions of the federal loss or damage is excluded regardless of any Terrorism Risk Insurance Act, to be an act of other cause or event that contributes concurrently terrorism pursuant to such Act. The criteria or in any sequence to the loss. contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following: C. Exception Covering Certain Fire Losses 1. The act resulted in insured losses in excess of The following exception to the exclusion in $5 million in the aggregate, attributable to all Paragraph B. applies only if indicated and as types of insurance subject to the Terrorism indicated in the Schedule of this endorsement. Risk Insurance Act; and If a "certified act of terrorism" results in fire, we will 2. The act is a violent act or an act that is pay for the loss or damage caused by that fire. dangerous to human life, property or Such coverage for fire applies only to direct loss or infrastructure and is committed by an individual damage by fire to Covered Property. Therefore, for or individuals as part of an effort to coerce the example, the coverage does not apply to civilian population of the United States or to insurance provided under Business Income and/or influence the policy or affect the conduct of the Extra Expense coverage forms or endorsements United States Government by coercion. which apply to those forms, or to the Legal Liability Coverage Form or the Leasehold Interest Coverage Form. IL 09 53 01 15 ©Insurance Services Office, Inc., 2015 Page 1 of 2 2018 CAPP Property-Homeland CAPP Page 24 of 26 If aggregate insured losses attributable to terrorist D. Application Of Other Exclusions acts certified under the Terrorism Risk Insurance The terms and limitations of any terrorism Act exceed $100 billion in a calendar year and we exclusion, or the inapplicability or omission of a have met our insurer deductible under the terrorism exclusion, do not serve to create Terrorism Risk Insurance Act, we shall not be coverage for any loss which would otherwise be liable for the payment of any portion of the amount excluded under this Coverage Part or Policy, such of such losses that exceeds $100 billion, and in as losses excluded by the Nuclear Hazard such case insured losses up to that amount are Exclusion or the War And Military Action subject to pro rata allocation in accordance with Exclusion. procedures established by the Secretary of the Treasury. Page 2 of 2 ©Insurance Services Office, Inc., 2015 IL 09 53 01 15 2018 CAPP Property-Homeland CAPP Page 25 of 26 COMMERCIAL EXCESS PROPERTY CLAIMS REPORTING OPTIONS Phone: Call our 24-hour claim service center: 877.248.3455 Email: Email us at claims@onebeacon.com On-line: Use our web-based claim reporting at www.onebeacon.com Fax: Fax us at 866.213.2802 Contact your OneBeacon agent or broker PHN 049 OBSP 0416 Copyright 2016, OneBeacon Insurance Group LLC Page 1 of 1 2018 CAPP Property-Homeland CAPP Page 26 of 26 SOMPO Excess Auto Physical 45, INTERNATIONAL Damage - Over the Road Endurance American Specialty Insurance Company (Wilmington, Delaware) This Declarations Page together with forms and endorsements, if any, complete the below numbered POLICY. Policy No. IMU10012212600 Renewal of: New INLAND MARINE DECLARATIONS PAGE NAMED INSURED AND ADDRESS: PRODUCERS NAME AND ADDRESS: Colorado Counties Casualty and Property Pool Risk Placement Services—RPS—Chicago Property 800 Grant Street 525 West Van Buren Street,Suite 1325 Denver, CO 80203 Chicago, IL 60607 POLICY PERIOD: Inception: 01/01/18 Expiration: 01/01/19 12:01 a.m. Standard Time at the address of the Insured shown above Notice to Named Insured: It is important that the written portion of all policies covering the same exposure read exactly alike. If they do not, they should be made uniform at once. 1. DESCRIPTION OF COVERAGES: EXCESS VEHICLE PHYSICAL DAMAGE-OVER THE ROAD ONLY 2. LOCATION(S) OR EXPOSURES COVERED: Per the coverage territory 3. LIMIT OF LIABILITY: $4,000,000 excess $1,000,000 $4,000,000 excess$1,000,000 in the Annual Aggregate as respects Earthquake. $4,000,000 excess$1,000,000 per occurrence, except in the Annual Aggregate as respects Flood as stated below. $4,000,000 excess$1,000,000 in the Annual Aggregate as respects Flood. The Company provides the limits shown above as applying on the basis of$4,000,000 excess$1,000,000 in turn excess of any applicable deductible(s)or self-insured retention contained in the underlying policies with respect to each and every loss or occurrence caused by or resulting from a covered peril. 4. DEDUCTIBLE AMOUNT(S): Per underlying form--$150,000 per occurrence 5. TOTAL PREMIUM: $47,210 MINIMUM EARNED PREMIUM: $25,000 6. TAXES/FEES APPLICABLE: State Fees: Producer Responsibility Stamping Fees: Producer Responsibility Inspection Fee: Not Applicable Modeling Fee: Not Applicable 7. MORTGAGE OR LOSS PAYABLE CLAUSE: Loss if any should be payable to: On file with the broker 8. SUBJECT TO FORMS AND ENDORSEMENTS SCHEDULE ECP 0101 ATTACHED. Nothing herein contained shall be held to vary,alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of the above mentioned Policy, other than as above stated. Endurance American Srpecialty Insurance Company IM 0001 10 14 2018 CAPP Prope ty-Endu ante CAPP Page 1 of 21 0, S0MP0 INTERNATIONAL Endurance American Specialty Insurance Company (Wilmington, Delaware) Any terms used in this Declarations Page that are defined in the attached policy form shall have the same meaning as in that policy form. Issuance Date: December 20,2017 Authorized Representative Issuing Office: Chicago, Illinois NOTE - SEE ENCLOSED NOTICE FOR SURPLUS LINES NOTIFICATION Endurance American Sr Ainadlty Insurance Company IM 0001 10 14 2018 CAPP Prope ty-Endu ante CAPP Page 2 of 21 SOMPO INTERNATIONAL Endurance American Specialty Insurance Company 750 3rd Avenue New York, NY 10017 IN WITNESS WHEREOF,the Insurer has caused this Policy to be signed by its President and Senior Vice President and countersigned where required by law on the Declarations page by its duly authorized representative. a4/-; '4444 Senior Vice President President Endurance American Specialty Insurance Company IL 1008 0114 2018 CAPP Property-Endurance CAPP Page 3 of 21 FORMS AND ENDORSEMENT SCHEDULE It is agreed the following forms and endorsements are attached to and are a part of this policy: I # I FORM NUMBER I FORM NAME 1 IM 0001 10 14 INLAND MARINE DECLARATIONS PAGE 2 IL 1008 10 14 SIGNATURE PAGE 3 ECP 0101 05 08 FORMS AND ENDORSEMENT SCHEDULE 4 ECP 0223 05 12 FOLLOWING FORM EXCESS INLAND MARINE POLICY 5 ECP 0103 05 08 SCHEDULE OF PRIMARY POLICY(IES) ENDORSEMENT 6 ECP 1307 05 12 SERVICE OF SUIT ENDORSEMENT 7 ECP 0002 1 1 14 NAMED INSURED ENDORSEMENT S EIM 3003 08 15 MINIMUM EARNED PREMIUM 8 DISCLOSURE PURSUANT TO TERRORISM RISK INSURANCE ACT- ECP 1313 01 08 REJECTION OF OFFER 9 COLORADO SURPLUS LINES NOTICE 8 9 10 11 12 13 14 15 16 2018 CAPP Property-Endurance CAPP Page 4 of 21 17 Endurance American Specialty Insurance Company ECP 0101 0508 2018 CAPP Property-Endurance CAPP Page 5 of 21 Endurance American Specialty Insurance Company FOLLOWING FORM EXCESS POLICY 1. INSURING AGREEMENT The insurance provided by this policy will follow form and be subject to the same terms and conditions as the "primary policy" listed in the SCHEDULE OF PRIMARY POLICY(IES) ENDORSEMENT, except for the premium, the limits of liability, and to the extent that the terms, conditions, provisions, definitions, endorsements and exclusions of this policy differ from the "primary policy". In the event of conflict between this policy and the "primary policy", the terms, conditions, provisions, definitions, and exclusions of this policy shall control. 2. EXCESS AND EXHAUSTION OF UNDERLYING LIMITS It is agreed that liability and any obligation under this policy shall attach to the "Company" only after the limits of the "underlying policies" (including any deductible(s) or self insured retention) have been exhausted or have been held liable to pay in full. The "Company" shall then be liable to pay only such additional amounts in excess of the limits of liability of the "underlying policies" and in no event shall such payments exceed the limit of liability or annual aggregate(s) as provided by this policy, and stated on the Declarations Page under Item 3. In the event of exhaustion of the limits of liability provided by the "underlying policies", this policy shall continue to pay for "loss" or damage as provided by the "underlying policies", subject to the deductible(s) or self-insured retention contained in the "primary policy", but only to the extent such "loss" is covered under this policy, and in no event shall such payments exceed the limit of liability or annual aggregate(s) as provided by this policy. The limit of liability of this policy does not apply to or include any sub-limited coverages in the "underlying policies", however, the sub-limits in the "underlying policies" will erode the limits of liability of the "underlying policies", unless otherwise stated in any endorsements attached to this policy. 3. UNCOLLECTIBLE INSURANCE In the event that the limits of liability of any "underlying policies" or other insurance are uncollectible, this policy will not drop down or replace such uncollectible limits of liability. This policy shall apply as if the "underlying policies" or other insurance are in force and their limits of liability are collectible. The risk of uncollectibility (in whole and in part) of any other insurance or "underlying policies" is expressly retained by the insured and shall not in any way or under any circumstances become insured or assumed by the "Company". Endurance American Specialty Insurance Company ECP 0223 0512 Page 1 of 8 2018 CAPP Property-Endurance CAPP Page 6 of 21 4. MAINTENANCE OF PRIMARY INSURANCE The insured must comply with the following conditions precedent to maintain coverage under this policy: A. The "underlying policies" that are in effect at the inception date of this policy must be maintained in full effect during the term of this policy. B. Immediate notice of any replacement, amendments, or changes to the terms, conditions, limits of liability and/or premium for the "underlying policies" shall be made to the "Company's" authorized representatives by the insured. Failure to comply with the above conditions precedent, in whole or in part, will negate the following form nature of this coverage, and this policy will then apply in the same manner as if the original "primary policy" in effect at the time the policy incepted remained in full effect. This policy will apply as though the limits of liability and terms and conditions of the "underlying policies" in effect at the inception of the policy remain in effect and the insured shall bear all liability resulting from any such decrease in limits of liability or coverage. 5. EXCLUSIONS All "loss" or damage caused by or resulting directly or indirectly from any of the following is excluded. Such "loss" or damage is excluded regardless of any other cause or event that contributes directly, indirectly, concurrently, proximately, remotely, or in any sequence to the "loss" or damage. A. Any "loss" or damage, demand, claim, "occurrence", event, or suit arising out of or in any way related to: 1. Asbestos, asbestos-related dust, or asbestos containing material; 2. Fungus, mildew, mold, spores, mycotoxins, bacteria, viruses, microorganisms, wet or dry rot, or by-products produced or released by any of the foregoing; 3. Lead, lead-related dust, or lead containing material; or 4. "Pollution"; including any cost or expense arising out of or in any way related to testing for, monitoring, cleaning up, removing, containing, treating, detoxifying, or neutralizing. The "Company" shall have no duty of any kind with respect to any such "loss", demand, claim, "occurrence", event, or suit; Endurance American Specialty Insurance Company ECP 0223 0512 Page 2 of 8 2018 CAPP Property-Endurance CAPP Page 7 of 21 B. Any "loss" or damage, demand, claim, "occurrence", event, or suit arising out of or in any way related to: 1. Hostile or warlike action in time of peace or war, including action in hindering, combating, or defending against an actual, impending, or expected attack by any government or sovereign power (de jure or de facto), or by any authority maintaining or using military, naval, or air forces; or by military, naval, or air forces; or by an agent of any such government, power, authority, or forces; any weapon employing atomic fission or radioactive force whether in time of peace or war; civil war, insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating, or defending against such an "occurrence"; confiscation, nationalization, requisition, seizure, quarantine, or destruction by Customs regulations, order of any government, local authority, or public authority; or risks of contraband, illegal transportation, or trade; 2. Any terrorist act, including but not limited to an act of terrorism, or preparation in respect of action or threat of action, designed to influence the government de jure or de facto of any nation or political division thereof, or in pursuit of political, religious, ideological, social, or economic objectives or similar purposes to intimidate the public or a section of the public of any nation by any person or group(s) of persons whether alone or on behalf of or in connection with any organization(s) or government(s) de jure or de facto, and which involves violence against one or more persons; or involves damage to property; or endangers life other than that of the person committing the action; or creates a risk to health or safety of the public or a section of the public; or 3. Any controlled, uncontrolled, or naturally occurring situation or incident whether direct or indirect, proximate or remote, or in whole or in part, concurrently caused by, contributed to, or aggravated by the involvement, threat, actual use, presence, release, or escape of biological, chemical, nuclear reaction or nuclear radiation, or radioactive materials or any contamination resulting from any of these materials. 6. CANCELLATION This policy may be cancelled by the insured by mailing to the "Company" written notice stating when thereafter such cancellation shall be effective. The effective date of the cancellation will be the date the written notice is received by the "Company" or the date specified in the written notice, whichever is later. This policy may be cancelled by the "Company" by mailing to the insured at the address shown in this policy, or at the last known address, written notice stating when not less than sixty (60) days thereafter such cancellation shall be effective, subject to the applicable state law governing Notice of Cancellation procedures; however, cancellation due to non-payment of premium shall require ten (10) days written notice of cancellation. If this policy is cancelled, the "Company" will send the first Named Insured any premium refund due. If the "Company" cancels, the refund will be pro rata. If the insured cancels, the refund may be less than pro rata. The mailing of notice as aforementioned shall be sufficient proof of notice and the effective date of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the insured or by the "Company" shall be equivalent to mailing. Endurance American Specialty Insurance Company ECP 0223 0512 Page 3 of 8 2018 CAPP Property-Endurance CAPP Page 8 of 21 7. MINIMUM EARNED PREMIUM In the event of cancellation of this policy by the insured or for non-payment of premium, a minimum earned premium of 25% of the annual premium shall become payable by the insured. 8. TERRITORY This policy covers "losses" occurring anywhere within the fifty states of the United States of America and the District of Columbia. 9. NOTICE OF LOSS If the insured or its designated representative(s) becomes aware of any "loss", damage, or "occurrence" likely to give rise to a claim against this policy, the insured shall as soon as practicable, promptly report in writing or in any of the following ways, to: Endurance U.S. Insurance - Claims, 750 Third Avenue, 18th Floor, New York, NY 10017 or Email addressed to: eclaims(u,cnhinsurancc.com, every "loss", damage, or "occurrence" which may give rise to a claim under this policy. Failure by the insured to promptly report the said"loss", damage, or"occurrence" as soon as practicable shall invalidate any claim under this policy. E-mail is the preferred method of receiving claim notice information, but any of the above methods of notification will generate an acknowledgement of receipt of claim with a claim number and all of the claim adjusters' contact information. 10. PROTECTION OF PROPERTY AFTER LOSS In case of "loss" or damage, this policy covers the reasonable and necessary costs incurred to temporarily protect or preserve property or interest covered. 11. PROOF OF LOSS The insured shall file with the "Company", within ninety (90) days from the request of the "Company", a complete and signed sworn proof of loss. Failure by the insured to file such sworn proof of loss within the time frame specified shall invalidate any claim under this policy. 12. EXAMINATION UNDER OATH The insured, as often as may be reasonably required, shall permit the "Company" or any person designated by the "Company" to inspect the property or interest covered and exhibit all that remains of any property or interest, and shall submit, and in so far as it is within his or their power cause his or their employees, designated representatives, members of the household, and others to submit to examination under oath by any person named by the "Company"; and, as often as may be reasonably required, shall produce for examination, books, records, accounts, and documents, whether in written or electronic format, at such reasonable time and place as may be designated by the "Company" or its representative, and shall permit extracts and copies thereof to be made. No such inspections or examinations under oath, or examinations of books, records, or documents, nor any other act of the "Company" or any of its employees or representatives in connection with the investigation of any "loss" or claim hereunder, shall be deemed a waiver of any defense which the "Company" might otherwise have with respect to any "loss" or claim, but all such inspections, examinations and acts shall be deemed to have been made or done without prejudice to the "Company's" liability. Endurance American Specialty Insurance Company ECP 0223 0512 Page 4 of 8 2018 CAPP Property-Endurance CAPP Page 9 of 21 Compliance with this provision is a condition precedent to coverage, and the failure by the insured to comply with this provision is a material breach and will result in a loss of coverage. 13. SETTLEMENT OF LOSS All adjusted claims shall be paid within sixty (60) days after presentation and acceptance of a satisfactory proof of interest and loss at the office of the "Company". No "loss" shall be paid hereunder if the insured has collected the same from others. 14. NO BENEFIT TO BAILEE No person or organization, other than the insured, having custody of property or interest covered will benefit from this policy. 15. SUBROGATION In the event of any payment under this policy the "Company" shall be subrogated to all the insured's rights of recovery thereof against any person or organization and the insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The insured must cooperate in any subrogation proceedings and shall do nothing after a "loss" to prejudice such rights. This insurance shall not apply if the insured's right to recovery against third parties responsible for the "loss" or damage is released, except under the following specific circumstances only: A. If made before the "loss" or damage has occurred, such waiver may be in favor of any third party. B. If made after the "loss" or damage has occurred, such agreement may run only in favor of a third party falling within one of the following categories at the time of"loss": 1. A third party insured under this policy; or 2. A corporation, firm, or entity: a. owned or controlled by the insured or in which the insured owns capital stock or other proprietary interest; or b. owning or controlling the insured or owning or controlling capital stock or other proprietary interest in the insured. In the event of any "loss" or damage to the property or interest covered hereunder, the insured shall immediately make claim in writing against the person(s), organization(s), carrier(s), bailee(s), or others involved. Endurance American Specialty Insurance Company ECP 0223 0512 Page 5 of 8 2018 CAPP Property-Endurance CAPP Page 10 of 21 16. SALVAGE OR RECOVERIES Any salvage, subrogation, or other recoveries and payments recovered or received under this policy shall be applied to reduce the total "loss" as if recovered or received prior to the loss settlement. Any amounts found to be due either party from the other shall be paid promptly. The expense of all proceedings necessary to such recoveries shall be apportioned amongst the benefited interests concerned in the ratio of their respective recoveries as finally settled. 17. ABANDONMENT There shall be no abandonment to the "Company" of any property. 18. RIGHT TO ADJUST WITH OWNER In the event of"loss" or damage to property of others held by the insured for which a claim is made upon the "Company", the right to adjust such "loss" or damage with the owner or owners of the property is reserved to the "Company", and the receipt of a release from such owner or owners in satisfaction thereof shall be in full satisfaction of any claim of the insured for which such payment has been made. If legal proceedings are taken to enforce a claim against the insured as respects any such"loss" or damage, the "Company" reserves the right at its option without expense to the insured, to conduct and control the defense on behalf of and in the name of the insured. No action of the "Company" in such regard shall increase the liability of the "Company" under this policy, nor increase the limits of liability specified in the policy. 19. COMPANY'S OPTIONS The "Company" shall have the option to take all, or any part, of the property at the agreed or appraised value, or to repair, rebuild, or replace the property destroyed or damaged, with other of like kind and quality within a reasonable time, on giving notice of its intentions to do so within sixty (60) days after the receipt of the proof of loss herein required. 20. APPRAISAL If the insured and the "Company" fail to agree as to the value of the property or the amount of"loss", each shall, on the written demand of either, made within sixty(60) days after receipt of proof of loss by the "Company", select a competent and disinterested appraiser, and the appraisal shall be made at a reasonable time and place. The appraisers shall first select a competent and disinterested umpire, and failing for fifteen (15) days to agree upon such umpire, at the request of the insured or the "Company", such umpire shall be selected by a judge of a court having jurisdiction in the state in which such appraisal is pending. The appraisers shall then appraise the "loss", stating separately the value of the property at the time of"loss" and amount of "loss", and failing to agree shall submit their differences to the umpire. An award in writing of any two shall determine the amount of "loss". The insured and the "Company" shall each pay his or its chosen appraiser and shall bear equally the other expenses of the appraisal and umpire. The "Company" shall not be held to have waived any of its rights by any act relating to appraisal. Endurance American Specialty Insurance Company ECP 0223 0512 Page 6 of 8 2018 CAPP Property-Endurance CAPP Page 11 of 21 21. ASSISTANCE AND COOPERATION OF THE INSURED The insured shall have the duty to cooperate with the "Company" in the investigation or settlement of any claim. The insured shall cooperate with the "Company", and, upon the "Company's" request, shall attend hearings and trials and shall assist in effecting settlements, securing and giving evidence, obtaining the attendance of witnesses, and in the conduct of suits. The insured shall not, except at his own cost, voluntarily make payment, assume any obligation, or incur any expense without the written consent of the "Company". 22. MISREPRESENTATION AND FRAUD This policy shall be void if the insured has concealed or misrepresented any material fact or circumstance concerning this insurance or the subject thereof or in case of any fraud, attempted fraud, or false swearing by the insured regarding any matter relating to this insurance or the subject thereof, whether before or after a "loss". 23. RECORDS AND INVENTORY The insured shall keep accurate books, records, and accounts in the following manner: A detailed and itemized inventory record of all property covered hereunder shall be maintained and physical inventory shall be taken periodically at intervals not more than twelve (12) months apart. 24. EXAMINATION OF RECORDS The insured shall, as often as may be reasonably required during the term of this policy and for three (3) years thereafter, produce for examination by the "Company" or its duly authorized representative, all the books, records, inventories, accounts, and documents, whether in written or electronic format, relating to the property or interest covered hereunder. 25. CHANGES Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this policy or to stop the "Company" from asserting any right under the terms of this policy, nor shall the terms of this policy be waived or changed, except by written endorsement issued to form a part of this policy. 26. AGENT No person shall be deemed an agent of the "Company" unless specifically authorized in writing by the "Company". 27. ASSIGNMENT This policy shall be void if assigned or transferred without the written consent of the "Company". Endurance American Specialty Insurance Company ECP 0223 0512 Page 7 of 8 2018 CAPP Property-Endurance CAPP Page 12 of 21 28. SUIT AGAINST COMPANY No suit, action, or proceeding for the recovery of any claim under this policy shall be sustainable in any court of law or equity unless there has been full compliance with all of the terms and conditions of this policy and the suit, action, or proceeding is commenced within twelve (12) months after the date on which the physical "loss" or damage occurred which gives rise to a claim; provided, however, that if by the laws of the state within which this policy is issued, such limitation of time is invalid, then any such claims shall be void unless such action, suit, or proceeding be commenced within the shortest limit of time permitted by the laws of such state. 29. REINSTATMENT OF LIMITS CLAUSE Any loss hereunder shall not reduce the limits of this policy except for any perils that are written on an annual aggregate basis. 30. DEFINITIONS Whenever used in this policy or any endorsement attached to this policy, the following words have these meanings when they appear in quotation marks: A. "Company" shall mean Endurance American Specialty Insurance Company. B. "Loss" or "losses" shall mean all damages sustained by the insured caused by the perils covered by this policy after making deduction for all salvages, recoveries, and other applicable insurance. C. "Occurrence" shall mean any one "loss", disaster, or casualty or series of"losses", disasters, or casualties arising out of one event. D. "Pollution" shall mean any solid, liquid, gaseous, or thermal irritant or contaminant, including, but not limited to, smoke, vapor, soot, fumes, acids, alkalis, chemicals, and waste material. Waste material includes materials that are intended to be or have been recycled, reconditioned, or reclaimed. E. "Primary policy" shall mean that policy which this policy follows form to, as more specifically described in the SCHEDULE OF PRIMARY POLICY(IES) ENDORSEMENT. F. "Underlying policy" shall mean all insurance policies, including the "primary policy" that provide coverage for the same perils insured herein and that attach at a layer below the attachment point of this policy, including all applicable deductibles and self-insured retentions. 31. CONFORMITY TO STATUTE OR LAW Terms of this policy, which are in conflict with the statutes or laws of the jurisdiction in which the property or interest covered is located, are amended to conform to such statutes. Endurance American Specialty Insurance Company ECP 0223 0512 Page 8 of 8 2018 CAPP Property-Endurance CAPP Page 13 of 21 SCHEDULE OF PRIMARY POLICY (IES) ENDORSEMENT Policy Type of Limits of Company Policy Number Period Coverage Insurance Westchester Surplus Lines Insurance D38095432001 01/01/18- Commercial S5,000,000 Company 01/01/19 Property Endurance American Specialty Insurance Company ECP 0103 0508 2018 CAPP Property-Endurance CAPP Page 14 of 21 SERVICE OF SUIT ENDORSEMENT THIS ENDORSEMENT CHANGES THIS POLICY. PLEASE READ IT CAREFULLY. In the event of failure of the "Company" to pay any amount claimed to be due under the terms of this policy, the "Company", at the request of the Insured, will submit to the jurisdiction of a court of competent jurisdiction within the United States. Nothing in this condition constitutes or should be understood to constitute a waiver of the "Company's" rights to commence an action in any court of competent jurisdiction in the United States, 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. In any suit instituted against the "Company" upon this policy, the Company will abide by the final decision of such court or of any appellate court in the event of appeal. It is further agreed that service of process in such suit may be made upon the Senior Vice President- Claims, 750 Third Avenue, 18th Floor,New York, NY 10017. Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefore, the "Company" designates the Superintendent, Commissioner or Director of Insurance, or other officer specified for that purpose in the statute, as its true and lawful attorney upon whom service may be made of any lawful process in any action, suit, or proceeding instituted by or on behalf of the Insured or any beneficiary hereunder arising out of this policy of insurance and hereby designates the above named Senior Vice President — Claims as the person to whom the said officer is authorized to mail such process or a true copy thereof. All other terms and conditions of this policy shall remain unchanged. Endurance American Specialty Insurance Company ECP 1307 0512 2018 CAPP Property-Endurance CAPP Page 15 of 21 NAMED INSURED ENDORSEMENT The Name Insured reads as follows: Colorado Counties Casualty and Property Pool and/or any owned, controlled, associated, affiliated,joint venture, or any subsidiary companies or corporations as now or may hereafter be constituted, as their respective right and interests may appear Endurance American Specialty Insurance Company ECP 0002 1114 2018 CAPP Property-Endurance CAPP Page 16 of 21 ENDORSEMENT Named Insured Counties Casualty and Policy Number: IMU10012212600 Property Pool Endorsement Effective Date: 01/01/18 Endorsement Number: N/A (12:01 AM Standard Time at the address of the Named Insured as shown in the Declarations) MINIMUM EARNED PREMIUM It is agreed that: The policy is amended to add the following: This policy is subject to a minimum earned premium of$25,000. Policy fees are fully earned. This Minimum Earned Premium is the least amount of premium we shall retain as earned premium, regardless of the term. It is agreed that the minimum earned premium for the policy period indicated, or less, is subject to short rate or pro rate adjustment over and above the minimum earned premium in the event of cancellation by the insured. It is further agreed that cancellation request for non-payment of premium shall be deemed a request by the named insured for cancellation of this policy, and the foregoing minimum earned premium provision applies. Authorized Representative This endorsement does not change any other provision of the policy. The title and any headings in this endorsement are solely for convenience and do not affect its meaning. Date of Issuance: 12/20/2017 Policy Form: IM 0001 Endurance American Specialty Insurance Company Page 1 of 1 Endorsement Form: EIM 3003 0815 2018 CAPP Property-Endurance CAPP Page 17 of 21 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 COVERAGE OR CHANGE THE TERMS AND CONDITIONS OF ANY COVERAGE UNDER THE POLICY. DISCLOSURE PURSUANT TO TERRORISM RISK INSURANCE ACT - REJECTION OF OFFER A. Rejection of Offer You have rejected the offer of terrorism coverage for Acts of Terrorism that are certified under the Terrorism Risk Insurance Act as reauthorized and amended in 2007, as an Act of Terrorism. An exclusion of terrorism losses has been made a part of this policy. B. 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. You have rejected this offer of coverage. Includes copyrighted material of Insurance Services Office, Inc. with its permission Endurance American Specialty Insurance Company ECP 1313 0108 2018 CAPP Property-Endurance CAPP Page 18 of 21 SURPLUS LINES NOTICE THIS CONTRACT IS DELIVERED AS SURPLUS LINE COVERAGE UNDER THE NONADMITTED INSURANCE ACT. THE INSURER ISSUING THIS CONTRACT IS NOT LICENSED IN COLORADO BUT IS AN APPROVED NONADMITTED INSURER. THERE IS NO PROTECTION UNDER THE PROVISIONS OF THE COLORADO GUARANTY ASSOCIATION ACT. SN-CO 0405 2018 CAPP Property-Endurance CAPP Page 19 of 21 POLICYHOLDER NOTICE U. S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL (OFAC) 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 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 website— 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. Endurance American Specialty Insurance Company 1 of 1 PN 0001 0712 2018 CAPP Property-Endurance CAPP Page 20 of 21 POLICYHOLDER NOTICE CLAIM NOTICE In the event of claim to which this policy may apply, please give immediate notice in either of the following ways,to: Endurance U.S. Insurance -Claims 750 Third Avenue, 18th Floor, New York, NY 10017 E-Mail addressed to: Insuranceclaims@sompo-intl.com Toll Free Reporting: 877-676-7575 E-mail is the preferred method of receiving claim notice information, but either of the above methods of notification will generate an acknowledgement of receipt of claim with a claim number and all of the claim adjusters' contact information. Endurance American Specialty Insurance Company Page 1 of 1 PN 0007 0215 2018 CAPP Property-Endurance CAPP Page 21 of 21 Hello