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Home My WebLink About20242404.tiffCTSI hflthr A$tt*,e..,.14•. CMUtIa Colorado Counties Casualty and Property Pool 1 PAGE OF DOCUMENT INCLUDED IN PAPER FILE. REMAINDER RETAINED 2024 Excess Property Policy ELECTRONICALLY IN TYLER. Layered Policy -Various Carriers Underwriters at Lloyds (Lead Carrier) Policy No. PW0330024 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 $1,500 deductible for property claims. The pool pays up to $150,000 of each claim The pool pays up to $1 M plus 2% building value of each wind/hail property claim CAPP's excess insurance carriers pay up to $100 million per property claim unless otherwise stated in the CAPP Insuring Agreements. Co1slNkVn',Goc1h �o n S &lac( cc: p vs/RR/IAA F'Z. (sCPt'So%U) 04/lo/2.H 2024-2404 ?Eoo31 ScrvinR Colorado's Coundca Colorado Counties Casualty and Property Pool 2024 Excess Property Policy Layered Policy -Various Carriers Underwriters at Lloyds (Lead Carrier) Policy No. PW0330024 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 $1,500 deductible for property claims. The pool pays up to $150,000 of each claim The pool pays up to $1M plus 2% building value of each wind/hail property claim CAPP's excess insurance carriers pay up to $100 million per property claim unless otherwise stated in the CAPP Insuring Agreements. �� Gallagher lie CORE 360 Named Insured Scheduir Colorado Counties Casualty and Property Pool including the following members: • Alamosa • Archuleta • Baca • Bent • Chaffee • Cheyenne • Clear Creek • Conejos • Castilla • Crowley • Custer • Delta • Dolores • Elbert • Fremont • Garfield • Gilpin • Grand • Gunnison • Hinsdale • Huerfano • Jackson • Kiowa • Kit Carson • Lake • Las Animas • Lincoln • Logan • Mineral • Moffat • Montrose • Morgan • Otero • Ouray • Park • Phillips 2 • Prowers • Pueblo • Rio Blanco • Rio Grande • Routt • Saguache • San Juan • San Miguel • Sedgwick • Summit • Teller • Washington • Weld • Yuma CO) Gallagher Insurance Risk Management Consulting 4.11. Gallagher lie CORE 360 Program Details 3 Gallagher Insurance Risk Management Consulting Gallagher **CORE 360 Excess Property $10M primary Limi Quota Share Policy Period: January 1, 2024 to January 1, 2025 Attachment Clause: Following is the Participation Clause for the Primary $10,000,000 Limit Layer: The collective Liability of each Carrier shall not exceed the Limit of Liability or any appropriate Sublimit of Liability or any Annual Aggregate limit. The limit of liability or amount of insurance shown on the face of the policy or endorsed onto the policy, is the total limit of the Carrier's liability applicable to each occurrence, as defined in the policy. Notwithstanding any other terms and conditions of the policy to the contrary, in not event shall the liability of the Company exceed this limit or any amount irrespective of the number of locations involved. % Participation Carrier Limit UWs at Carrier) Lloyds — Various Syndicates (Lead $4,500,000 - Primary 45% Primary Starr Surplus Lines Ins. Co. $2,000,000 - Primary 20% Primary Allied World Assurance Co. (Stretch) $1,500,000 - Primary 15% Primary Westchester Surplus Lines Ins. Co. $1,000,000 — Primary 10% Primary Princeton Excess & Surplus (Munich Re) $1,000,000 — Primary 10% Primary Named Insured: Covered Property: Covered Locations: 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 Real Property, Personal Property, Vehicles and Mobile Equipment Refer to Statement of Values on File with Company dated July 13, 2023 Limits shown below are within the Primary $10,000,000 Layer Amounts Coverages Total Primary $10M $ Policy Limit: 10,000,000 Sublimits I $ 10,000,000 $ 5,000,000 $ 10,000,000 $ 10,000,000 5,000,000 Per occurrence subject to following sub -limits In the Aggregate for any one policy year of Earthquake In the Aggregate for any one policy year for Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate for any one policy year for all Other Flood Combined Newly Acquired Property any one Occurrence - 90 days; coverage ceases if the Newly Acquired Property is not reported within 90 days for the date of acquisition Carrier(s) have agreed with locations with values over $5,000,000 the carrier(s) may charge an additional premium. Any locations with value under $5,000,000 still need to be reported to the carrier; however, an additional premium will not be charged. CAPP is to include these locations in the Statement of Values (SOV) 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 1 Sublimits are part of and not in addition to the Policy Limit of Liability. These Sublimits do not increase the Policy Limit of Liability or any other Sublimit. All Sublimits are Per Occurrence unless otherwise indicated. 4 ©2024 Arthur J. Gallagher & Co. All rights reserved. Gallagher Gallagher **CORE 360 Excess Property $10M Primary Limit (Continued) Quota Share Sublimits (Continued): Deductibles & Waiting Periods: Amounts Coverage z, $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1,000,000 500,000 50,000 2,500,000 1,000,000 10, 000, 000 5,000,000 250,000 10, 000, 000 1,000,000 10, 000, 000 10, 000, 000 1,000,000 1,000,000 250,000 250,000 100,000 250,000 1,000,000 25,000 25,000 100,000 100,000 100,000 Builder's Risk Soft Costs/Additional Expenses except $50,000 Unscheduled Location Business Income (applies to all members) with 90 Day Ordinary Payroll Limitation;180 Days Extended Period of Indemnity Personal Property of Others while on the Insured's property Unnamed Location, Any One Occurrence Errors and Omissions (as defined in the Policy) Mobile/Contractors Equipment subject to maximum of $1,500,000 Per Item Fine Arts subject to a maximum $500,000 per item Furs, Jewelry, Precious Stones and Metals Service Interruption (5 -mile Limitation) Fire Fighting Materials (Fire Brigade and Extinguishing Expenses) Ordinance or Law Extra Expense — No monthly limitation based on period of restoration as defined in the policy Property In Transit Vehicle Physical Damage — Over the Road Civil Authority — 4 weeks maximum Ingress/Egress — 4 weeks maximum Loss Adjustment Expense Accounts Receivable Expediting Expense In the Aggregate Pollution Clean Up and Removal, each County listed as a Named Insured, subject to $1,500,000 Annual Aggregate Limited Mold/Fungi/Wet & Dry Rot — terms per Carrier Endorsement Loss Adjustment Expenses/Professional Services Personal Property of Employees Trees and Shrubs Each claim for loss or damage separately occurring shall be adjusted separately and from each adjusted claim, the amounts noted below shall be deductibles as noted below 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 the Policy $ 150,000 $ 150,000 2% Per Buildings/Structure of the sum of all values listed in the SOV 2% Per Building/Structure of the sum of all values listed in the SOV 24 hour & 5 mile distance limitation Per Occurrence except Per Occurrence - Earthquake As respects locations wholly or partially within a Flood Zone A area (as defined by FEMA) 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 Wind/Hail: 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 $1,000,000 Per Occurrence Service Interruption 180 Days Expended Period of Indemnity (Business Interruption) ©2024 Arthur J. Gallagher & Co. All rights reserved. 5 O. Gallagher **CORE 360 Excess Property $10M Primary Limit (Continued) Quota Share Coinsurance: • None Valuations: • • Terms/Conditions: Policy Territory: Exclusions Include but are not Limited to: Minimum Earned Premium: Membership Reconciliation Requirement Claims Reporting Instructions: • 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 • Attachment Clause • Definition of Loss Occurrence Endorsement • 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) • General Amendatory Endorsement -Westchester Form MS211964 (1/18) • Notice of Cancellation is 90 days except 10 days for non-payment of premium • Permission for Excess • Joint Loss Agreement • Electronic Data Amendment Endorsement — Named Peril Exception • OFAC Endorsement • Service of Suit Endorsement • Trade or Economic Sanctions Endorsement • Signature Endorsement • Policyholder Notification -Newly Acquired or Constructed Property — new location(s) added to the policy may be subjected to separate rating and/or premium charge and/or may require a higher deductible • Property located within the 50 United States and the District of Columbia • Crime, Employee Dishonesty • Pollution, Mold or Fungus (except where specifically provided in the policy or by specific endorsement) • Nuclear • Inventory shortage, mysterious 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) • 35% CAPP shall provide a Membership Reconciliation Report (schedule of locations and values) by 3/1. This is to incorporate any changes from the SOV provided during submission to 3/1 including new buildings, new locations and/or deletion of buildings and/or locations. The carriers will reconcile the premium based on the revised SOV times the property rate/$100 of TIV and an additional premium or return premium will apply. PROPERTY CTSI as Claims Administrator for CAPP is to report claims when claim reaches 50% of the Deductible or if a serious catastrophic claim such as fire, wind/hail flood, earthquake, etc. Note, CTSI is not to settle any loss without obtaining approval from the Carriers within this layer Claims are to be reported to: RPS CLAIMS REPORTING Website: https://my.rpsins.com/claimsfnol Toll Free: 844-777-8323 Copies of any claims are also to be sent to: Arthur J. Gallagher Risk Management Services, Inc. Claims e-mail: GGB.NRCCIaimsCenter©ajg.com 6 ©2024 Arthur J. Gallagher & Co. All rights reserved. CT 2 •0 Gallagher •e CORE 360 1st Excess Property $15M xs $10M— Quota Share Excess Follow Form Coverage: Policy Period: Policy Form: 1st Excess Property $15M xs 10M Quota Share January 1, 2024 to January 1, 2025 Excess Physical Damage Form Carrier Limit % Participation UWs at Lloyds (Various Syndicates) $4,500,000 part of $15,000,000 Excess of $10,000,000 30% Evanston Insurance Company (Markel) $2,500,000 part of $15,000,000 Excess of $10,000,000 16.5% Starr Surplus Lines Ins. Co. $3,000,000 part of $15,000,000 Excess of $10,000,000 20% Westchester Surplus Lines Insurance Co. $1,500,000 part of $15,000,000 Excess of $10,000,000 10% Princeton Excess & Surplus (Munich Re) $1,500,000 part of $15,000,000 Excess of $10,000,000 10% Eagle Facility Excess $2,000,000 part of $15,000,000 Excess of $10,000,000 13.5% 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 Policy in respect of Direct Physical loss or damage to the property described below 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 below 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. Perils/Property Covered Policy will follow form the Colorado Counties Casualty and Property Pool Policy issued by the Primary Carriers for the $10,000,000 Primary limit. Coverage will not exceed specific sublimits outlined in the Primary Policy Form Perils Risks of Direct Physical Loss or Damage Including Flood and Earthquake Property Covered Real Property, Personal Property, Vehicle Physical Damage, and Mobile Equipment Limits 15,000,000 15,000,000 $ 15,000,000 Deductibles: $ 15,000,000 150,000 Same as above (as noted) $ 150,000 $ 150,000 Policy Loss Limit: Per Occurrence Excess of Primary $10,000,000 Per Occurrence Limit Newly Acquired Locations/90 days; coverage cases if the Newly Acquired Property is not reported within 90 days for the date of acquisition: Per Occurrence Excess of Primary $10,000,000 Per Occurrence Limit Flood (excluding Flood Zone A): Per Occurrence and Annual Aggregate Excess of Primary $10,000,000 Per Occurrence Limit and Annual Aggregate Earthquake: Per Occurrence Excess and Annual Aggregate Excess of Primary $10,000,000 Per Occurrence Limit and Annual Aggregate Per Occurrence except as follows: Wind/Hail: 2% Per Building/Structure 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 $1,000,000 Per Occurrence Newly Acquired Locations/90 days Flood (excluding Flood Zone A): Per Occurrence Earthquake: Per Occurrence Terms/Conditions: • Application of Underlying Provision Clause: Applies • Maintenance of Primary and Underlying Excess Policy(ies) and Limits: Applies • Minimum Earned Premium: 35% • Cancellation: 90 Days except 10 Days for Non -Payment of Premium • Notice of Loss: The Insured upon knowledge of any occurrence likely to give rise to a Claim hereunder shall give immediate written advise thereof to the Company(ies) noted in the Claim Reporting Section. 7 ©2024 Arthur J. Gallagher & Co. All rights reserved. Gallagher **CORE 360 1st Excess Property $15M xs $10M— Quota Share Excess Follow Form (Continued) Terms/Conditions • Priority of Payment Clause: Notwithstanding anything contained herein to the contrary it is (Continued): 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 Assured 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. • Permission for Excess Insurance Clause: Permission is 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 purposes of the "Other Insurance" clause. • Uncollectibility of Other Insurance Clause: Notwithstanding any of the terms of the Policy that might be construed otherwise, the insurance provided by the Policy shall always be excess over the maximum monetary limits set forth in Declaration and/or Schedules (reduced only by reduction of any underlying aggregate limits as provided in the policy regardless of the uncollectibility (in whole or in part) of any underlying insured amounts for any reason, including, but no 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 Company(ies). • Occurrence Limit of Liability Clause: The Limit of Liability or Amount of Insurance shown on the face of the policy, or endorsed onto this policy, is the total of the Insurer(s) liability applicable to each occurrence, as defined. Notwithstanding any other terms and conditions of the 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 out of one event. When the term applies to loss or series of losses from the perils of tornado, cyclone, hurricane, windstorm, hail, volcanic eruption, riot, riot attending a strike, civil commotion, and vandalism and malicious mischief, one event shall be considered to be all losses arising during a continuous period of 72 hours. When filing proof of loss, the Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than the first loss to any covered property occurs. For Flood and Earthquake, the term "Occurrence" shall mean any one loss, disaster, arising out of one event 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 than the first loss to any covered property occurs. The premium for the policy is based upon the Statement of Values on file with the Insurer(s). In the event of loss, 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 deductible(s). b. The Limit of Liability or Amount of Insurance shown on the face of this policy or endorsed onto this policy. • Other Provisions: Service of Suit Clause Valuation Clause: • Real and Personal Property: Replacement Cost • Vehicle Physical Damage: Actual Cash Value • Mobile (Contractors Equipment): Actual Cash Value Exclusions including • Follow form the Primary Policy Exclusions but not limit to: • War 8 ©2024 Arthur J. Gallagher & Co. All rights reserved. • Gallagher •e CORE 360 1st Excess Property $15M xs $10M— Quota Share Excess Follow Form (Continued) Claims Reporting PROPERTY Instructions: CTSI as Claims Administrator for CAPP is to report claims when claim reaches 50% of the Deductible or if a serious catastrophic claim such as fire, wind/hail flood, earthquake, etc. Note, CTSI is not to settle any loss without obtaining approval from the Carriers within this layer Claims are to be reported to: RPS CLAIMS REPORTING Website: https://my.rpsins.com/claimsfnol Toll Free: 844-777-8323 Copies of any claims are also to be sent to: Arthur J. Gallagher Risk Management Services, Inc. Claims e-mail: GGB.NRCCIaimsCenter@ajg.com ©2024 Arthur J. Gallagher & Co. All rights reserved. Gallagher ,•CORE 360 2nd Excess Property $25M xs $25M Excess Follow Form Policy Period: Policy Form: January 1, 2024 to January 1, 2025 Excess Physical Damage Form k Carrier gerr % Participation Palms Specialty (Spectrum) $3,750,000 part of $25,000,000 Excess of $25,000,000 15% Lexington Ins. Co. $5,000,000 part of $25,000,000 Excess of $25,000,000 20% StarStone Specialty Ins. Co. $3,750,000 part of $25,000,000 Excess of $25,000,000 15% Princeton E&S (Munich Re) $3,750,000 part of $25,000,000 Excess of $25,000,000 15% Westfield Specialty Ins. Co. $3,750,000 part of $25,000,000 Excess of $25,000,000 15% Aspen Specialty Ins. Co. $2,500,000 part of $25,000,000 Excess of $25,000,000 10% Sompo (Endurance) $2,500,000 part of $25,000,000 Excess of $25,000,000 10% Insuring Clause Perils/Property Covered Limits: Deductibles : 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 Policy in respect of Direct Physical loss or damage to the property described below 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 below 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. • Policy will follow form the Colorado Counties Casualty and Property Pool Policy issued by the Primary Carriers for the $10,000,000 Primary limit. Coverage will not exceed specific sublimits outlined in the Primary Policy Form • Perils: Risks of Direct Physical Loss or Damage Including Flood and Earthquake • Property Covered: Real Property, Personal Property, Vehicle Physical Damage, and Mobile Equipment $ 25,000,000 25, 000, 000 25,000,000 Policy Loss Limit Per Occurrence Excess of $25,000,000 Per Occurrence Flood (excluding Flood Zone A) $25,000,000 Per Occurrence and Annual Aggregate Excess of $25,000,000 Per Occurrence and Annual Aggregate Earthquake Per Occurrence Excess and Annual Aggregate Excess of Primary $25,000,000 Per Occurrence Limit and Annual Aggregate 25,000,000 25, 000, 000 25,000,000 Excess of $25,000,000 Per Occurrence Excess of $150,000 Per Occurrence Primary Flood (excluding Flood Zone A) Excess of $25,000,000 Per Occurrence and Annual Aggregate Earthquake Excess of $25,000,000 Per Occurrence and Annual Aggregate Terms/Conditions: • Application of Underlying Provision Clause: Applies • Maintenance of Primary and Underlying Excess Policy(ies) and Limits: Applies • Minimum Earned Premium: 35% • Cancellation: 90 Days except 10 Days for Non -Payment of Premium Notice of Loss: • The Insured upon knowledge of any occurrence likely to give rise to a Claim hereunder shall give immediate written advise thereof to the Company(ies) noted in the Claim Reporting Section. ©2024 Arthur J. Gallagher & Co. All rights reserved. 10 Gallagher Gallagher ,•CORE 360 2nd Excess Property $25M xs $25M (Continued) Excess Follow Form Priority of Payment Clause: 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 Assured 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. Permission for Excess Permission is granted to purchase insurance in excess of the amount Limit of Liability stated Insurance Clause: in this policy. Such excess insurance shall not be considered other insurance for the purposes of the "Other Insurance" clause. Uncollectibility of Other Insurance Clause: Occurrence Limit of Liability Clause: ©2024 Arthur J. Gallagher & Co. All rights reserved. Notwithstanding any of the terms of the Policy that might be construed otherwise, the insurance provided by the Policy shall always be excess over the maximum monetary limits set forth in Declaration and/or Schedules (reduced only by reduction of any underlying aggregate limits as provided in the policy regardless of the uncollectibility (in whole or in part) of any underlying insured amounts for any reason, including, but no 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 Company(ies). The Limit of Liability or Amount of Insurance shown on the face of the policy, or endorsed onto this policy, is the total of the Insurer(s) liability applicable to each occurrence, as defined. Notwithstanding any other terms and conditions of the 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 out of one event. When the term applies to loss or series of losses from the perils of tornado, cyclone, hurricane, windstorm, hail, volcanic eruption, riot, riot attending a strike, civil commotion, and vandalism and malicious mischief, one event shall be considered to be all losses arising during a continuous period of 72 hours. When filing proof of loss, the Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than the first loss to any covered property occurs. For Flood and Earthquake, the term "Occurrence" shall mean any one loss, disaster, arising out of one event 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 than the first loss to any covered property occurs. The premium for the policy is based upon the Statement of Values on file with the Insurer(s). In the event of loss, 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 deductible(s). b. The Limit of Liability or Amount of Insurance shown on the face of this policy or endorsed onto this policy. 11 Gallagher **CORE 360 2nd Excess Property $25M xs $25M (Continued) Excess Follow Form Other Provisions • Service of Suit Clause • Follow Form Underlying provisions with regard to Newly Acquired Property Clause • Membership Reconciliation Report due 3/1 (same provisions as noted in the Underlying Policies) Valuation Clause: • Real and Personal Property: Replacement Cost • Mobile (Contractors Equipment): Actual Cash Value Exclusions including but • Follow form the Primary Policy Exclusions not limit to: • War Claims Reporting CTSI as Claims Administrator for CAPP upon knowledge of any occurrence likely to Instructions: give rise to a claim hereunder shall give immediate written advice to the carriers as noted below: Note, CTSI is not settle any loss without obtaining approval from the Carriers within this layer Claims are to be reported to: CRC Insurance Services Att: Cammie Talley ctalley@crcins.com Copies of any claims are also to be sent to: Arthur J. Gallagher Risk Management Services, Inc. Claims e-mail: GGB.NRCCIaimsCenter@ajg.com 12 ©2024 Arthur J. Gallagher & Co. All rights reserved. Gallagher **CORE 360 3rd Excess Property $50M xs $50M Excess Follow Forr Policy Period: Policy Form: January 1, 2024 to January 1, 2025 Excess Physical Damage Form il:Prr err % Participation RSUI Indemnity Co. $27,500,000 part of $50,000,000 Excess of $50,000,000 55% Mitsui $15,000,000 part of $50,000,000 Excess of $50,000,000 30% Princeton E&S (Munich Re) $7,500,000 part of $50,000,000 Excess of $50,000,000 15% 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 Policy in respect of Direct Physical loss or damage to the property described below 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 below 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. Perils/Property Covered • Policy will follow form the Colorado Counties Casualty and Property Pool Policy issued by the Primary Carriers for the $10,000,000 Primary limit. Coverage will not exceed specific sublimits outlined in the Primary Policy Form • Perils: Risks of Direct Physical Loss or Damage EXCLUDING Flood and Earthquake • Property Covered: Real Property, Personal Property, Vehicle Physical Damage, and Mobile Equipment Limits: Deductibles : 50,000,000 Policy Loss Limit Per Occurrence Excess of $50,000,000 Per Occurrence Excluded Flood Excluded Earthquake 50,000,000 Excess of $50,000,000 Per Occurrence Excess of $150,000 Per Occurrence Primary Terms/Conditions: • Application of Underlying Provision Clause: Applies • Maintenance of Primary and Underlying Excess Policy(ies) and Limits: Applies • Minimum Earned Premium: 35% • Cancellation: 90 Days except 10 Days for Non -Payment of Premium Notice of Loss: • The Insured upon knowledge of any occurrence likely to give rise to a Claim hereunder shall give immediate written advise thereof to the Company(ies) noted in the Claim Reporting Section. 13 ©2024 Arthur J. Gallagher & Co. All rights reserved. ellii Gallagher iv CORE 360 3rd Excess Property $50M xs $50M (Continued) Excess Follow Form Priority of Payment Clause: 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 Assured 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. Permission for Excess Permission is granted to purchase insurance in excess of the amount Limit of Liability stated Insurance Clause: in this policy. Such excess insurance shall not be considered other insurance for the purposes of the "Other Insurance" clause. Uncollectibility of Other Insurance Clause: Occurrence Limit of Liability Clause: Notwithstanding any of the terms of the Policy that might be construed otherwise, the insurance provided by the Policy shall always be excess over the maximum monetary limits set forth in Declaration and/or Schedules (reduced only by reduction of any underlying aggregate limits as provided in the policy regardless of the uncollectibility (in whole or in part) of any underlying insured amounts for any reason, including, but no 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 Company(ies). The Limit of Liability or Amount of Insurance shown on the face of the policy, or endorsed onto this policy, is the total of the Insurer(s) liability applicable to each occurrence, as defined. Notwithstanding any other terms and conditions of the 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 out of one event. When the term applies to loss or series of losses from the perils of tornado, cyclone, hurricane, windstorm, hail, volcanic eruption, riot, riot attending a strike, civil commotion, and vandalism and malicious mischief, one event shall be considered to be all losses arising during a continuous period of 72 hours. When filing proof of loss, the Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than the first loss to any covered property occurs. The premium for the policy is based upon the Statement of Values on file with the Insurer(s). In the event of loss, 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 deductible(s). b. The Limit of Liability or Amount of Insurance shown on the face of this policy or endorsed onto this policy. ©2024 Arthur J. Gallagher & Co. All rights reserved. 14 ellii Gallagher iv CORE 360 3rd Excess Property $50M xs $50M (Continued) Excess Follow Form Other Provisions • Service of Suit Clause • Follow Form Underlying provisions with regard to Newly Acquired Property Clause • Membership Reconciliation Report due 3/1 (same provisions as noted in the Underlying Policies) • Margin Clause (15%) Valuation Clause: • Real and Personal Property: Replacement Cost • Mobile (Contractors Equipment): Actual Cash Value Exclusions including but • Follow form the Primary Policy Exclusions not limit to: • War • Flood • Earthquake Claims Reporting CTSI as Claims Administrator for CAPP upon knowledge of any occurrence likely to Instructions: give rise to a claim hereunder shall give immediate written advice to the carriers as noted below: Note, CTSI is not settle any loss without obtaining approval from the Carriers within this layer Claims are to be reported to: CRC Insurance Services Att: Cammie Talley ctalley@crcins.com Copies of any claims are also to be sent to: Arthur J. Gallagher Risk Management Services, Inc. Claims e-mail: GGB.NRCCIaimsCenter@ajg.com 15 ©2024 Arthur J. Gallagher & Co. All rights reserved. RISK PLACEMENT IL SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: May 13, 2024 Attn: AJG - Centennial - Risk Mgmt karen_graham@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy U: PW0330124 Carrier: Underwriters at Lloyd's, London Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 Insurer Authorized Document of Insurance (IAD) (Lloyds & Companies) Policy Number; PW0330124 Insured: Colorado Counties Casualty and Property Pool Period: From: 1St January 2024 To: 1st January 2025 Sum Insured Primary USD 10,000,000 Gallagher The Walbrook Building 25 Walbrook London EC4N 8AW Registered Company No.1193013 Gallagher Insurance Risk Management Consulting 16) Gallagher IInsusrance Risk Management Consulting 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 Arthur J.Gallagher The Walbrook Building 25 Walbrook, London EC4N SAW United Kingdom. Property Division : +44(0) 207204 6000 For all claims notifications: Claims Division : +44(0) 207204 6000 UK.Specialty.Claims.Property@ajg.com Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. ItJ Gallagher Insurance I Risk Management Consulting DUTY OF FAIR PRESENTATION When you answer questions or agree with assumptions during the quotation process, you must disclose material facts or circumstances about the risk(s) you want to insure. A material fact or circumstance is something that would influence the judgement of an insurer in deciding whether or not to insure the risk. This is known as a 'duty of fair presentation' and includes disclosing the following: • Information that you, your firm's senior management, or anyone responsible for arranging your insurance knows, or should know in relation to your business; and • Information that would be revealed by a reasonable search of information available to you or by making enquiries, and could include information held within your business or by someone else (such as your insurance broker). Remember that if you fail to meet this duty, it could mean that the policy is void, or that the insurer is not liable to pay all or part of your claim(s). Please be aware that if any of your details, material facts or circumstances change during the policy period, you must always notify us immediately Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. INSURER AUTHORIZED DOCUMENT OF INSURANCE CONTENTS PAGE S ECTION I -RISK DETAILS 3 S ECTION II - INFORMATION 6 S ECTION III - SECURITY DETAILS 8 S ECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS 11 S ECTION V - FISCAL AND REGULATORY SECTION 15 S ECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION 16 S ECTION VII - THE WORDING 17 S ECTION VIII - SUPPLEMENTAL CLAUSES 19 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'. STEPHEN ADAIR Surplus Lines Licensed Producer 1262 AJG Placed by: Risk Placement Services, Inc. MARKET REFORM CONTRACT UMR: R: B1262PW0330124 Gallagher In5L.:rance Risk Management U NIQUE MARKET REFERENCE: TYPE: INSURED: ADDRESS: P ERIOD: INTEREST: S UM INSURED: Limit(s) of Liability: DEDUCTIBLES: SECTION I -RISK DETAILS B1262PW0330124 Co Insurance of Risks of Direct Physical Loss or Damage Including Flood and Earthquake 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. C/O CTSI 800 Grant ST, Suite 400 Denver, CO 80203 From: 1st January 2024 To: 1St January 2025 Beginning and ending at 12:01 a.m. Local Standard Time at the location of the property insured. Real and Personal Property as described in the Co Insurer's Policy Wording and as declared to and agreed by the Underwriters. TIME ELEMENT: Business Interruption as described in the Co Insurer's Policy Wording and as declared to and agreed by the Underwriters. Subject to the `Order Hereon' stated in SECTION III - SECURITY DETAILS, the Limits of Underwriters' Liability shall be the following Limit(s) of Liability. USD 10,000,000 ultimate net loss each occurrence, U SD 10,000,000 ultimate net loss each occurrence and in the aggregate during the period of insurance in respect of the peril of Flood, and U SD 10,000,000 ultimate net loss each occurrence and in the aggregate during the period of insurance in respect of the peril of Earthquake. All Other Perils: U SD 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 Underwriters 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 the minimum deductible of USD 1,000,000 per occurrence. 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. Consulting Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. TO R e O rt a Loss Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. P Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK • Dial toll -free #1 (844)777-8323 or visit our • Website: https://my.rpsins.com/claimsfnol • Contact Insurer directly (see policy section ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management DEDUCTIBLES Continued: N OTICES: TERRITORY: CONDITIONS: S UPPLEMENTAL CLAUSES: CHOICE OF LAW & JURISDICTION: P REMIUM: Time Element: 24 Hours Service Interruption All as more fully stated in the Co Insurer's Policy Wording and as declared to the U nderwriters. N OT APPLICABLE As attached in SECTION VIII — SUPPLEMENTAL CLAUSES U nited States of America, its territories, possessions and Canada. As per Co Insurance Wording based on NMA2074, as attached SECTION VII, following the terms of Lloyds of London, policy number PW0330022 (or renewal thereof) as attached SECTION VIII including: - Consulting WEH Asbestos Endorsement (1994) - 518ARM00210 Biological or Chemical Materials Exclusion - NMA2962 Radioactive Contamination Exclusion Clause - P hysical 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 - LMA5390 Fraudulent Claim Clause- LMA5062 Application of Sublimits Endorsement LMA5130 Sanction Limitation and Exclusion Clause LMA3100 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 (amended) P roperty Cyber and Data Endorsement - LMA5400 Premium : $ 566,550.00 Communicable Disease Endorsement — LMA 5393 CO Surplus Lines Tax : $ 16,996. Debris Removal Endorsement — NMA 2343 Total Charges : $ 583,546.50 Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017 Material Damage / Time Element U SD 3,777,000 (100%) Annual (Hereon USD 5,66,550 for 15% order) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management PREMIUM PAYMENT TERMS: Premium Payment Condition (Time On Risk) 4/86 TAXES PAYABLE BY INSURED AND ADMINISTERED BY INSURER(S): 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 29th February 2024 If this condition is not complied with, then this contract of Insurance shall terminate on the above date with the Insured hereby agreeing to pay premium calculated at not less than pro rata temporis 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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 Arthur J Gallagher. file and available on request, and provided to Insurers. Total Declared Values: USD 3,594,034,945 Breakdown of values as per Schedule contained within Submission provided to Insurers. Loss record (as advised to Arthur J Gallagher. contained within Submission provided to Insurers U ub — Limits contained U SD 50, 000, 000 U SD 5,000,000 U SD 50, 000, 000 U SD 50, 000, 000 U SD 25, 000, 000 U SD 250,000 U SD 5,000,000 U SD 8,071,695 U SD 1,000,000 U SD 50,000 U SD 500,000 U SD 250, 000 U SD 250, 000 U SD 1,000,000 U SD 100, 000 U SD 50, 000 U SD 10, 000, 000 U SD 10, 000, 000 U SD 1,000,000 U SD 1,000,000 U SD 10, 000, 000 U SD 5, 000, 000 U SD 1,000,000 U SD 250, 000 U SD 250, 000 U SD 10.000.000 U SD 1,000,000 U SD 1,000,000 U SD 25.000 U SD 100, 000 U SD 100, 000 U SD 10,000 000 in Co -Insurer's Policy In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined N ewly 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 Accounts Receivable Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 5,000,000) within the territorial limits of the policy, any one occurrence Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 8,071,695) within the territorial limits of the policy, any one occurrence in respect of the Following location only: Ouray County Builders Risk Project - 541 4TH,OURAY, CO 81427 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; U nscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, any one occurrence. Personal Property of Employees at a described location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum USD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a N amed Insured subject to a USD 1,500,000 Annual Aggregate for all Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Trees and Shrubs Valuable Papers Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Insurance- I Risk Management INSURER'S LIABILITY SECTION III - SECURITY DETAILS (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 proportions underwritten by all the members of the syndicate taken together) 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG ORDER HEREON: BASIS OF WRITTEN LINES: SIGNING PROVISIONS: if4am Galla her Ins';Ta nce Risk Management MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 15%of 100% Percentage of Whole 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) b) 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; 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management Consulting 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 % In respect of electronic lines the Underwriter(s) agreement and participation to this Contract has been accepted upon the Lloyd's Placing Platform Limited (PPL) program. Confirmation of Underwriter(s) acceptance is noted within Market Submission - Security Details located on the final pages of this document. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SLIP LEADER: BUREAU LEADER: BASIS OF AGREEMENT TO CONTRACT CHANGES: OTHER AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR PART 2 GUA CHANGES ONLY: AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR THEIR PROPORTION ONLY, IF ANY: 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla her Ins';Ta nce Risk Management SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS SUBSCRIPTION AGREEMENT SECTION As Per Settlement Information located on the final pages of this document Lloyd's Bureau Leader is As Per Settlement Information located on the final pages of this document Company Bureau Leader is As Per Settlement Information located on the final pages of this document The Bureau Leaders must adhere to the applicable claims agreement practices and act in accordance with CLAIMS AGREEMENT PARTIES, as defined in A or B (below), dependent upon the claim falling within the scope of the Single Claims Agreement Party (SCAP) Arrangement. GUA (version 2.0) February 2014 with Non -Marine Schedule October 2001 Final premium/ going in values to be agreed Leading Underwriter only. 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 Arthur J Gallagher (UK) Ltd using Fax or email. Slip leader only to agree part two changes. None Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management BASIS OF CLAIMS AGREEMENT: CLAIMS AGREEMENT PARTIES: As specified under the CLAIMS AGREEMENT PARTIES and to be managed in accordance with: i) The SINGLE CLAIMS AGREEMENT PARTY ARRANGEMENTS — LMA9150 [as below] for claims or circumstances assigned as Single Claims Agreement Party Claims (SCAP Claims) or, where it is not applicable, then the following shall apply as appropriate: ii) The Lloyd's Claims Scheme (Combined), or as amended or any successor thereto. (N.B. The applicable Lloyd's Claims Scheme/part will be determined by the rules and scope of the Scheme(s)). iii) IUA claims agreement practices. iv) The practices of any company(ies) electing to agree claims in respect of their own participation. The applicable arrangements (scheme, agreement or practices) will be determined by the rules and scope of said arrangements and should be referred to as appropriate. A. Claims falling within the scope of the LMA9150 to be agreed by Slip Leader only on behalf of all (re)insurers subscribing (1) to this Contract on the same contractual terms (other than premium and brokerage) and (2) to these Arrangements. For the purposes of calculating the Threshold Amount, the sterling rate on the date that a financial value of the claim is first established by the Slip Leader shall be used and the rate of exchange shall be the Bank of England spot rate for the purchase of sterling at the time of the deemed conversion. B. For all other claims: 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. The second Lloyd's Syndicate is 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG CLAIMS ADMINISTRATION: RULES AND EXTENT OF ANY OTHER DELEGATED CLAIMS AUTHORITY: EXPERT(S) FEES COLLECTION: SETTLEMENT DUE DATE: BUREAUX ARRANGEMENTS: if4am Galla her Ins';Ta nce Risk Management MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 iv) All other subscribing insurers that are not party to the Lloyd's/IUA claims agreement practices, each in respect of their own participation. v) Notwithstanding anything contained in the above to the contrary, any ex gratia payments to be agreed by each (re)insurer for their own participation. Arthur J. Gallagher Insurance Brokers Limited and insurers agree that any claims hereunder (including any claims related costs/fees) will be notified and administered via ECF with any payment(s) processed via CLASS, unless both parties agree to do otherwise. Where claims or circumstances are not administered via ECF, notification, administration and payment(s) will be electronic. Where a Lloyd's syndicate or IUA company is not an agreement party to the claim or circumstance (per CLAIMS AGREEMENT PARTIES A. above), they agree to accept correct ECF sequences for administrative purposes to ensure information is circulated to all subscribing parties None Fees to be collected directly between Underwriters and Experts 29th February 2024 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 processed by Arthur J. Gallagher (UK) Ltd. including final stock/loss of profits, 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management NOTICE OF CANCELLATION PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in accordance with the provisions of the contract, then: To the extent provided by the contract, the Slip Leader is authorised to issue such notice on behalf of all participating (re)insurers; and (optionally) Any (re)insurer may issue such notice in respect of its own participation. The content and format of any such notice should be in accordance with the `Notice of Cancellation' standard, as published by the London Market Group (LMG), or their successor body, on behalf of London Market Associations and participants. However failure to comply with this standard will not affect the validity of the notice given. The notice shall be provided to the broker by the following means: By an email to Compliance UK@ajg.com Failure to comply with this delivery requirement will make the notice null and void. Satisfactory delivery of the notice will cause it to be effective irrespective of whether the broker has acknowledged receipt. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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 S URPLUS LINES BROKER: Joel Cavaness 2850 Golf Road, 5th Floor Rolling Meadows, IL 60008 License Number: 93325 STATE OF FILING: Colorado U S CLASSIFICATION: Surplus Lines ALLOCATION OF P REMIUM TO CODING: 100% P2 REGULATORY CLIENT CLASSIFICATION: Large Risk REGULATORY RISK LOCATION: United States of America (Non EEA) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: B1262PW0330124 rCirs) Gallagher Insurance Rusk Management Consultung SECTION VI - BROKER, REMUNERATION AND DEDUCTIONS ECTION FEE PAYABLE BY CLIENT?:.. NO OTHER DEDUCTIONS FROM PREMIUM: N I L Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered.Ofce: The W'a!brook Building, 25 Walbrook, London EC4N 8A W. Registered in England and Wales. Company Number: 1193013. wvirvir.AJG.com/UK O2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 SECTION VII - THE WORDING if4am Galla. her Ins';Ta nce Risk Management 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 on each separate part thereof. The period of this Insurance is as stated in Section I — 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 if4am Galla. her Ins';Ta nce Risk Management THE WORDING SCHEDULE U nique Market Reference: B1262PW0330124 N ame 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 I — Risk Details The Risk and Sum Insured hereunder: As Stated in Section I — Risk Details Leading Co-insuring Company: 30% with Lloyds of London, Company Policy Number PW0330023 P remium: As Stated in Section I — Risk Details N MA2074 (Amended) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG if4am Galla. her Ins';Ta nce Risk Management MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 SECTION VIII - SUPPLEMENTAL CLAUSES N otwithstanding anything to the contrary contained herein, it is understood and agreed that this insurance is subject to the following clauses which are attached hereto:- N o.1: WEH Asbestos Endorsement (1994) - 518ARM00210 N o.2: Service of Suit Clause (U.S.A.) - LMA5020 N o.3: Biological or Chemical Materials Exclusion - NMA2962 N o.4: Radioactive Contamination Exclusion Clause - Physical Damage - Direct (U.S.A.) - NMA1191 N o.5: War and Terrorism Exclusion Endorsement - NMA2918 N o.6: U.S. Terrorism Risk Insurance Act Of 2002 as Amended Not Purchased Clause N o.7: Fraudulent Claim Clause- LMA5062 N o.8: Application of Sublimits Endorsement — LMA5130 N o.9: Sanction Limitation and Exclusion Clause — LMA3100 N o.10: Inadvertent Errors and Omissions Clause N o.11: Extension of Coverage — Miscellaneous Unnamed Location N o.12: Off Premises Utilities' Services Clause (Business Interruption) - LMA5041 (amended). N o.13: Ingress/Egress Extension (Business Interruption) N o.14: Civil or Military Authority Extension (Business Interruption) - LMA5161 N o.15: Business Interruption Extension - LMA5039 (amended) N o.16: Property Cyber and Date Endorsement - LMA5400 N o.17: Communicable Disease Endorsement — LMA 5393 N o.18: Debris Removal Endorsement — NMA 2343 N o. 19: Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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 Al this policy does not insure asbestos or any sum relating thereto. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 518ARM00210 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management N o. 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017, 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. LMA5020 N o.3 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2962 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management N o. 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. N MA1191 N o. 5 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2918 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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. LMA5390 No. 7 FRAUDULENT CLAIM CLAUSE If the (re)insured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this contract shall become void and all claim hereunder shall be forfeited. LMA5062 4 September 2006 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 ig‘am Galla. her Ins';Ta nce Risk Management N o. 8 APPLICATION OF SUBLIMITS 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 N o. 9 SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management N o. 10 INADVERTENT ERRORS AND OMISSIONS CLAUSE The property insured under this policy is based on property as per Schedule of Values on file with U nderwriters, 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. 518AJG00209 N o. 11 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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. 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. N o. 12 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management No. 13 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. 14 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 28 consecutive days. LMA5161 15 December 2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management No. 15 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Insurance- I Risk Management 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. 2. Raw Stock Material in the state in which the Insured receives it for conversion into Finished Stock. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management No. 16 PROPERTY CYBER AND DATA ENDORSEMENT 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3 regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Insurance- I Risk Management No. 17 COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. for a Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 25 March 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management No. 18 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 if4am Galla. her Ins';Ta nce Risk Management No.17 TERRITORIAL EXCLUSION: RUSSIA, UKRAINE AND BELARUS Notwithstanding anything to the contrary in this Policy, this Policy excludes any loss, damage, liability, cost or expense of whatsoever nature, directly or indirectly arising from or in respect of any: i. entity domiciled, resident, located, incorporated, registered or established in an Excluded Territory; ii. property or asset located in an Excluded Territory; iii. individual that is physically in an Excluded Territory; iv. claim, action, suit or enforcement proceeding brought or maintained in an Excluded Territory; v payment in an Excluded Territory. This exclusion will not apply to any coverage or benefit required to be provided by the insurer by law or regulation applicable to that insurer, however, the terms of any sanctions clause will prevail. For purposes of this exclusion, "Excluded Territory" means: Belarus (Republic of Belarus); and Russian Federation; and Ukraine (including any disputed regions of Ukraine and including the Crimean Peninsula) All other terms, conditions and exclusions remain unchanged. LMA5583B 8 March 2023 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG MARKET REFORM CONTRACT UMR: R: B1262PW0330124 PW0330124 POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE if4am Galla • her Ins';Ta nce Risk Management 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, 2027, 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 80% 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 USD 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 USD 100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED USD 100 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 USD hereby elect to purchase coverage for acts of terrorism for a prospective premium of I understand hereby elect that to I have will coverage have no coverage for acts of for terrorism losses excluded arising from from my acts of terrorism. policy. I Policyholder/Applicant's Signature Print Name Date LMA9184 09 January 2020 Syndicate on behalf of certain underwriters at Lloyd's Policy Number Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK Consulting ©2021 Arthur J. Gallagher & Co. All rights reserved. Policy Number: (UMR) B1262PW0330124 SECURITY DETAILS REFERENCES UMR (Unique Market Reference): B1262PW0330124 Date contract printed to PDF: 09:52 27 December 2023 SIGNED UNDERWRITERS Talbot Underwriting Ltd 5% Written 5% Signed g� TAL X111183 A C R 2 6 5 0 4 2 F 2 4I Risk Code P2 09:54 22 December 2023 Lloyd's Underwriter Syndicate No. 1183 TAL, London, England Mark Ladbrook Bound Slip Leader Brit Insurance 10% Written 10% Signed Line Conditions Line to Stand BRIT g, BRT 1112987 J D K 1 6 N 2 4 A 0 0 0I P2 10:30 12 December 2023 Lloyd's Underwriter Syndicate No. 2987 BRIT, London, England Neil Russell Bound Market Submission - Security Details Page 1 of 2 09:52 27 December 2023 Policy Number: (UMR) B1262PW0330124 SETTLEMENT INFORMATION Terms of Settlement Settlement Due Date: 29 February 2024 Instalment Premium Period of Credit: 0 Adjustment Premium Period of Credit: 0 Talbot Underwriting Ltd Non -Bureau Leader Mark Ladbrook Market Submission - Security Details Page 2 of 2 09:52 27 December 2023 RISK PLACEMENT ilk SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: Jul 23, 2024 Attn: AJG - Centennial - Risk Mgmt karen_graham@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy #: SLSTPTY11929924 Carrier: Starr Surplus Lines Insurance Company Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 Program Manager: Starr Specialty Lines Insurance Agency, LLC 3353 Peachtree Road NE Suite 1000 Atlanta, GA 30326 Policy Number:SLSTPTY11929924 Company: Starr Surplus Lines Insurance Company 399 Park Avenue 8th Floor New York, NY 10022 Renewing or in lieu of:SLSTPTY11721123 Placed by: Risk Placement Services, Inc. DECLARATIONS 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) Insured: Address: Colorado Counites Casualty and Property Pool c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 Producer: Address: Commission: Risk Placement Services 2400 Lakeview Parkway, Suite 675 Alpharetta, GA 30009 7.5% Policy Period: From January 1, 2024 at 12:01 A.M., to January 1, 2025 at 12:01 A.M. Local Standard Time at the location of the property insured. To the extent that coverage in this policy replaces coverage in other policies terminating at noon standard time on the inception date of this policy, coverage under this policy shall not become effective until such other coverage has terminated. The insurance afforded is only with respect to the specific part and coverages therein, the full title of which is set forth below the caption "Form." IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. PERILS INSURED COVERAGE PROVIDED ENDORSEMENTS FORMS & LIMIT OF LIABILITY AS ENDORSEMENTS PER FORMS ATTACHED AND AS ENDORSEMENTS PER FORMS ATTACHED AND SEE ENDORSEMENTS SCHEDULE FORMS ATTACHED AND OF $5,000,000 $25,000,000 deductibles. per occurrence, per occurrence that excess being of 20% various part of GROSS PREMIUMS: PROPERTYPREMIUM: $945,230 CERTIFIED PREMIUM: $0.00 TERRORISM NON -CERTIFIED PREMIUM: $0.00 TERRORISM TOTAL PREMIUM: $945,230 This Declaration and attached Form(s), with Policy Standard Conditions and Endorsements, if any, issued to form a part therof, completes the above numbered policy. The Company shall have no duty to defend or investigate any claim or suit unless and until all limits of all underlying insurance policies have been exhasusted by payment of judgements, claims or settlements. If any underlying insurance policy has no duty to pay a claim for injury or damage for a reason other than exhaustion of an aggregate limit of insurance, then Company shall have no obligation to make any payment under this policy. Any taxes imposed by virtue of this policy being written by an unauthorized insurer are the responsibility of the insured and a licensed producer. INN Authorized Agent General Counsel Premium : $ 945,230.00 CO Surplus Lines Tax : $ 28,356.90 Total Charges : $ 973,586.90 7/23/2024 Date President 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'. STEPHEN ADAIR Surplus Lines Licensed Producer SCHEDULE OF FORMS AND ENDORSEMENTS Named Insured Colorado Counties Casualty and Property Pool Policy Period 1/1/2024 to 1/1/202.5 Form/Endorsement Declarations Page Security Page Policyholder Notices OFAC Notice Policy Form Endorsement A Endorsement B Endorsement C Endorsement 1 Endorsement 2 Endorsement 3 Endorsement 4 Endorsement 5 Endorsement 6 Endorsement 7 Endorsement 8 Endorsement 9 Endorsement 10 Endorsement 11 Endorsement 12 Endorsement 13 Endorsement 14 Endorsement 15 Endorsement 16 Endorsement 17 Endorsement 18 Endorsement 19 Endorsement 20 Endorsement 21 Endorsement 22 Endorsement 23 Endorsement 24 Endorsement 25 Endorsement 26 Endorsement 27 Endorsement 28 Claims Notice Descrintion Starr Surplus Lines Insurance Company Declarations Page Policy Security Page State Notices / Notice to Insured US Office of Foreign Asset, s Control (OFAC) Advisory Notice to Policyholder Manuscript All Risk Form — Colorado Counties Casualty and Property Pool Excess Clause Named Insured Endorsement Joint Loss Clause General Amendatory Endorsement Definition of Loss Occurrence Endorsement Additional Policy Conditions Endorsement Nuclear, Biological, Chemical, Radiological Exclusion Endorsement Asbestos Material Exclusion Permission For Excess Insurance Property Cyber and Data Endorsement Application of Sublimits Asbestos Exclusion Authorities Endorsement Biological, Chemical, or Nuclear Exclusion Certificates of Insurance Endorsement Communicable Disease Exclusion — Starr 4.20 Property Cyber and Data Endorsement — LMA5401 Starr Amended Millennium Endorsement Resultant Mold Occurrence Limit of Liability Endorsement Political Risk Exclusion Radioactive Contmination Exclusion Clause Roof Limitation Endorsement Vacant Property Endorsement Service of Process Clause Trade or Economic Sanctions Endorsement Terrorism Exclusion #61330 Total Terrorism Exclusion #61331 War and Terrorism Excluson NMA2 918 Terrorital Exclusion Endorsement General Change Endorsement Notice in Case of Loss Pages 2 of 1of1 12 of 12 1of1 1 of37 2 of 1of1 1of1 l of 2 l of 2 1of1 1of1 1of1 1of1 l of 2 1of1 1of1 1of1 1of1 1of1 1of1 l of 2 1of1 1of1 1of1 1of1 1of1 1of1 l of 2 1of1 1of1 1of1 1of1 1of1 1of1 1of1 1of1 Page 1 of 1 STARR INSURANCE COMPANIES POLICYHOLDER NOTICE SSPN-018 07 23 NOTICE TO TEXAS POLICYHOLDER Have a complaint or need help? If you have a problem with a claim or your premium, call your insurance company or HMO first. If you can't work out the issue, the Texas Department of Insurance may be able to help. Even if you file a complaint with the Texas Department of Insurance, you should also file a complaint or appeal through your insurance company or HMO. If you don't, you may lose your right to appeal. Starr Surplus Lines Insurance Company To get information or file a complaint with your insurance company: Call: Claims Customer Service at 1-855-782-7725 Policy Customer Service at 1-866-519-2522 Email: Claims@starrcompanies.com Mail: Attn Legal Department, 399 Park Avenue, 2nd Floor, New York, NY 10022 The Texas Department of Insurance To get help with an insurance question or file a complaint with the state: Call with a question: 1-800-252-3439 File a complaint: www.tdi.texas.gov Email: ConsumerProtection@tdi.texas.gov Mail: Consumer Protection, MC: CO-CP, Texas Department of Insurance, P.O. Box 12030, Austin, TX 78711-2030 POLICYHOLDER NOTICES Alabama: This contract is registered and delivered as a surplus line coverage under the Alabama Surplus Line Insurance Law. Alaska: This is evidence of insurance procured and developed under the Alaska Surplus Lines Law, AS 21.34. It is not covered by the Alaska Insurance Guaranty Association Act, AS 21.80. "ALASKA POLICYHOLDER NOTICE 3 AAC 25.050 This policy is issued by a nonadmitted or surplus lines insurer. Insurance may only be purchased from nonadmitted insurers if the full amount, kind, or class of insurance cannot be obtained from insurers who are admitted to do business in the State of Alaska. Your broker or the surplus lines broker has determined that this was true on the date the policy was placed. Before issuing a renewal policy or extending this policy, remarketing is required. To avoid intentional or unintentional extension of coverage in the surplus lines market when an admitted market for that coverage exists, a nonadmitted insurer is prohibited from the automatic renewal or extension of a policy without remarketing by your broker or the surplus lines broker. In order to comply with the Alaska Administrative Code, the following notice is given: You are hereby notified that, under 3 AAC 25.050, your policy will terminate effective no later than the date and time of its expiration. We reserve the right to cancel this policy sooner than the expiration date by giving you notice of cancellation as required in AS 21.36.220. You may request through your broker that a new policy from the surplus lines broker be concurrent with the effective date of the termination of this policy. You are also notified that a new policy, if issued by us, is subject to rerating, which may result in a premium increase of more than ten percent (10%). As required by 3 AAC 25.050, you are hereby notified that any subsequent policy issued by us may be subject to a ten percent (10%) or more increase in premium. The actual premium will be based upon rates that apply at the time a subsequent policy, if any, is issued and will be made available to you before the effective date of the new policy, or the date subsequent coverage is bound, whichever occurs first." Arizona: Pursuant to Arizona Revised Statutes § 20-401.01, subsection B, paragraph 1, this policy is issued by an insurer that does not possess a certificate of authority from the Director of the Arizona Department of Insurance. If the insurer that issued this policy becomes insolvent, insureds or claimants will not be eligible for insurance guaranty fund protection pursuant to Arizona Revised Statutes Title 20. Arkansas: This contract is registered and delivered as a surplus line coverage under the Surplus Lines Insurance Law, and it may in some respects be different from contracts issued by insurers in the admitted markets, and, accordingly, it may, depending upon the circumstances, be more or less favorable to an insured than a contract from an admitted carrier might be. The protection of the Arkansas Property and Casualty Guaranty Act does not apply to this contract. A tax of four percent (4%) is required to be collected from the insured on all surplus lines premiums. California: NOTICE: 1. THE INSURANCE POLICY THAT YOU HAVE PURCHASED IS BEING ISSUED BY AN INSURER THAT IS NOT LICENSED BY THE STATE OF CALIFORNIA. THESE COMPANIES ARE CALLED "NONADMITTED" OR "SURPLUS LINE" INSURERS. 2. THE INSURER IS NOT SUBJECT TO THE FINANCIAL SOLVENCY REGULATION AND ENFORCEMENT THAT APPLY TO CALIFORNIA LICENSED INSURERS. 3. THE INSURER DOES NOT PARTICIPATE IN ANY OF THE INSURANCE GUARANTEE FUNDS CREATED BY CALIFORNIA LAW. THEREFORE, THESE FUNDS WILL NOT PAY YOUR CLAIMS OR PROTECT YOUR ASSETS IF THE INSURER BECOMES INSOLVENT AND IS UNABLE TO MAKE PAYMENTS AS PROMISED. 4. THE INSURER SHOULD BE LICENSED EITHER AS A FOREIGN INSURER IN ANOTHER STATE IN THE UNITED STATES OR AS A NON -UNITED STATES (ALIEN) INSURER. YOU SHOULD ASK QUESTIONS OF YOUR INSURANCE AGENT, BROKER, OR "SURPLUS LINE" BROKER OR CONTACT THE CALIFORNIA DEPARTMENT OF INSURANCE AT THE FOLLOWING TOLL -FREE TELEPHONE NUMBER: 1-800-927-4357 OR INTERNET WEB SITE WWW.INSURANCE.CA.GOV. ASK WHETHER OR NOT THE INSURER IS LICENSED AS A FOREIGN OR NON -UNITED STATES (ALIEN) INSURER AND FOR ADDITIONAL INFORMATION ABOUT THE INSURER. YOU MAY ALSO CONTACT THE NAIC'S INTERNET WEB SITE AT WWW.NAIC.ORG. 5. FOREIGN INSURERS SHOULD BE LICENSED BY A STATE IN THE UNITED STATES AND YOU MAY CONTACT THAT STATE'S DEPARTMENT OF INSURANCE TO OBTAIN MORE INFORMATION ABOUT THAT INSURER. 6. FOR NON -UNITED STATES (ALIEN) INSURERS, THE INSURER SHOULD BE LICENSED BY A COUNTRY OUTSIDE OF THE UNITED STATES AND SHOULD BE ON THE NAIC'S INTERNATIONAL INSURERS DEPARTMENT (IID) LISTING OF APPROVED NONADMITTED NON -UNITED STATES INSURERS. ASK YOUR AGENT, BROKER, OR "SURPLUS LINE" BROKER TO OBTAIN MORE INFORMATION ABOUT THAT INSURER. 7. CALIFORNIA MAINTAINS A LIST OF APPROVED SURPLUS LINE INSURERS. ASK YOUR AGENT OR BROKER IF THE INSURER IS ON THAT LIST, OR VIEW THAT LIST AT THE INTERNET WEB SITE OF THE CALIFORNIA DEPARTMENT OF INSURANCE: WWW.INS URANCE.CA.GOV. 8. IF YOU, AS THE APPLICANT, REQUIRED THAT THE INSURANCE POLICY YOU HAVE PURCHASED BE BOUND IMMEDIATELY, EITHER BECAUSE EXISTING COVERAGE WAS GOING TO LAPSE WITHIN TWO BUSINESS DAYS OR BECAUSE YOU WERE REQUIRED TO HAVE COVERAGE WITHIN TWO BUSINESS DAYS, AND YOU DID NOT RECEIVE THIS DISCLOSURE FORM AND A REQUEST FOR YOUR SIGNATURE UNTIL AFTER COVERAGE BECAME EFFECTIVE, YOU HAVE THE RIGHT TO CANCEL THIS POLICY WITHIN FIVE DAYS OF RECEIVING THIS DISCLOSURE. IF YOU CANCEL COVERAGE, THE PREMIUM WILL BE PRORATED AND ANY BROKER'S FEE CHARGED FOR THIS INSURANCE WILL BE RETURNED TO YOU. D-2 (Effective January 1, 2017) Colorado: 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 approved nonadmitted insurer. There is no protection under the provisions of the 'Colorado Insurance Guaranty Association Act. Connecticut: NOTICE THIS IS A SURPLUS LINES POLICY AND IS NOT PROTECTED BY THE CONNECTICUT INSURANCE GUARANTY ASSOCIATION." Conn. Gen. Stat. § 38a-745. Delaware: This insurance contract is issued pursuant to the Delaware Insurance Laws by an insurer neither licensed by nor under the jurisdiction of the Delaware Insurance Department." Del. Code tit. 18, § 1909. Florida: THIS INSURANCE IS ISSUED PURSUANT TO THE FLORIDA SURPLUS LINES LAW. PERSONS INSURED BY SURPLUS LINES CARRIERS DO NOT HAVE THE PROTECTION OF THE FLORIDA INSURANCE GUARANTY ACT TO THE EXTENT OF ANY RIGHT OF RECOVERY FOR THE OBLIGATION OF AN INSOLVENT UNLICENSED INSURER. SURPLUS LINES INSURERS' POLICY RATES AND FORMS ARE NOT APPROVED BY ANY FLORIDA REGULATORY AGENCY. SURPLUS LINES INSURERS' POLICY RATES AND FORMS ARE NOT APPROVED BY ANY FLORIDA REGULATORY AGENCY. Georgia:, This contract is registered and delivered as a surplus line coverage under the Surplus Line Insurance Law, O.C.G.A. Chapter 33-5. Hawaii: This insurance contract is issued by an insurer which is not licensed by the State of Hawaii and is not subject to its regulation or examination. If the insurer is found insolvent, claims under this contract are not covered by any guaranty fund of the State of Hawaii. Idaho: This surplus lines contract is issued pursuant to the Idaho insurance laws by an insurer not licensed by the Idaho Department of Insurance. There is no coverage provided for surplus line insurance by either the Idaho Insurance Guaranty Association or by the Idaho Life and Health Insurance Guaranty Association. Illinois: Notice to Policyholder: This contract is issued, pursuant to Section 445 of the Illinois Insurance Code, by a company not authorized and licensed to transact business in Illinois and as such is not covered by the Illinois Insurance Guaranty Fund. Iowa: This policy is issued, pursuant to Iowa Code section 515.120, by a nonadmitted company in Iowa and as such is not covered by the Iowa Insurance Guaranty Association. Kansas: This policy is issued by an insurer not authorized to do business in Kansas and, as such, the form, financial condition and rates are not subject to review by the Commissioner of insurance and the insured is not protected by any guaranty fund. Kentucky This insurance has been placed with an insurer not licensed to transact business in the Commonwealth of Kentucky but eligible as a surplus lines insurer. The insurer is not a member of the Kentucky Insurance Guaranty Association. Should the insurer become insolvent, the protection and benefits of the Kentucky Insurance Guaranty Association are not available. Louisiana: NOTICE This insurance policy is delivered as surplus lines coverage under the Insurance Code of the State of Louisiana In the event of insolvency of the company issuing this contract, the policyholder or claimant is not covered by the Louisiana Insurance Guaranty Association which guarantees only specific policies issued by an insurance company authorized to do business in Louisiana. This surplus lines policy has been procured by the following licensed Louisiana surplus lines broker: SEE DECLARATIONS PAGE IMPORTANT INFORMATION REQUIRED BY THE LOUISIANA DEPARTMENT OF INSURANCE FIRE INSURANCE POLICY COVERAGE DISCLOSURE SUMMARY (OTHER THAN HOMEOWNERS) OR COMMERCIAL INSURANCE POLICY COVERAGE DISCLOSURE SUMMARY This form is promulgated pursuant to LSA-R.S. 22:1319 and 22:1332. THIS IS ONLY A SUMMARY OF YOUR COVERAGE AND DOES NOT AMEND, EXTEND OR ALTER THE COVERAGES OR ANY OTHER PROVISIONS CONTAINED IN YOUR POLICY. INSURANCE IS A CONTRACT. THE LANGUAGE IN YOUR POLICY CONTROLS YOUR LEGAL RIGHTS AND OBLIGATIONS. ** READ YOUR INSURANCE POLICY FOR COMPLETE POLICY TERMS AND CONDITIONS ** COVERAGE(S) FOR WHICH PREMIUM WAS PAID DEDUCTIBLES This policy sets forth certain deductibles that will be applied to claims for damages. When applicable, a deductible will be subtracted from your total claim, and you will be paid the balance subject to applicable coverage limits. • You may be able to reduce your premium by increasing your deductible. Contact your producer/agent or insurer for more details. NOTICE: This policy [does/does not] set forth a deductible for covered losses caused by [hurricane; wind; named storm] as defined in the policy. Separate Deductible Examples — Hurricane, Wind or Named Storm Damage If applicable, the following illustrates how a separate deductible applying to hurricane, wind or named storm damage is applied under your policy: [The insurer shall comply with LSA-R.S. 22:1319.B(3) by selecting either option A or B below: A. Developing its own standardized example to reflect how a hurricane, wind or named storm damage loss will be adjusted under the policy. The standardized example shall set forth a separate loss for each coverage included in the policy for which a premium has been paid. The total of all losses combined shall exceed by at least ten percent (10%) the applicable deductible(s) so that the example demonstrates a net payment to the insured. B. Utilizing the standardized example prepared by the LDOI if this standardized example properly reflects how a separate deductible is applied to a hurricane, wind or named storm damage loss under the policy: The following assumes no coinsurance penalty and a 2% hurricane, wind or named storm deductible. The amounts of loss to the damaged property are $50,000 (building) and $20,000 (business personal property). Limits of insurance on building $ 100,000.00 Total amount of building loss $ 50,000.00 Less 2% deductible ($100,000 X .02) — $ 2,000.00 Net payment to insured for building loss $ 48,000.00 Limits of insurance on the business personal property Total amount of business personal property loss Less 2% deductible ($50,000 X .02) Net payment to insured for business personal property loss Total net payment to insured for building and business personal property loss ($48,000 + $19,000) $ $ 50,000.00 $ 20,000.00 — $ 1,000.00 $ 19,000.00 $ 67,000.00] TO SEE EXACTLY HOW YOUR SEPARATE HURRICANE, WIND OR NAMED STORM DEDUCTIBLE WILL APPLY, PLEASE REFER TO YOUR POLICY. LIMITATIONS OR EXCLUSIONS UNDER THIS POLICY FLOOD: Flood damage is/is not] covered, regardless of how caused, when flood is the peril that causes the loss. Flood water includes, but is not limited to, storm surge, waves, tidal water and overflow of a body of water, whether driven by wind or not. Flood Insurance may be available through the National Flood Insurance Program (NFIP). NFIP flood insurance may provide coverage for damage to your building and/or contents, subject to the coverage limits and terms of the policy. Excess Flood Insurance may be available under a separate policy, from this or another insurer, if the amount of the primary flood insurance is not enough to cover the value of your property. • You may contact your producer/agent or insurer for more information on the NFIP and excess flood insurance. MOLD: Damage caused solely by mold [is/is not] covered under this policy. * * FOR ALL OTHER LIMITATIONS OR EXCLUSIONS, REFER TO YOUR POLICY FOR COMPLETE DETAILS ON TERMS AND PROVISIONS ** Maine: This insurance contract is issued pursuant to the Maine Insurance Laws by an insurer neither licensed by nor under the jurisdiction of the Maine Bureau of Insurance. Maryl= This insurance is issued by a nonadmitted insurer not under the jurisdiction of the Maryland Insurance Commissioner. DISCLOSURE REGARDING SURPLUS LINES INSURANCE. Please Read the Following Carefully Before Purchasing Insurance From a Surplus Lines Insurer. This policy is issued by a surplus lines insurer that has been approved by the Maryland Insurance administration to issue insurance policies in the surplus lines insurance market. Surplus lines insurers are not under the jurisdiction of the Maryland Insurance Administration and do not possess a certificate of authority to transact insurance business in the State of Maryland. Because surplus lines insurers are not under the jurisdiction of the Maryland Insurance Administration, your ability to seek assistance from the State if you have a problem with our insurance company is limited. The Property and Casualty Insurance Guaranty Corporation provides a fund that permits claimants or policyholders to receive payment of covered claims if their insurance company becomes insolvent (i.e., bankrupt) and is unable to pay the claims. However, this fund does not apply to surplus lines insurers. If a surplus lines insurer becomes insolvent (i.e. bankrupt), any claim that you have against the surplus lines insurer will not be covered by the fund administered by Property and Casualty Insurance Guaranty Corporation. If you have any questions regarding this disclosure or surplus lines insurance, please contact the Maryland Insurance Administration at 410-468-2340. Massachusetts: The insurer with whom the insurance was placed is not licensed in Massachusetts. In the event of insolvency of the surplus lines insurer, losses will not be paid by the state insurance guaranty fund. Michigan: This insurance has been placed with an insurer that is not licensed by the state of Michigan. In case of insolvency, payment of claims may not be guaranteed. Minnesota: THIS INSURANCE IS ISSUED PURSUANT TO THE MINNESOTA SURPLUS LINES INSURANCE ACT. THE INSURER IS AN ELIGIBLE SURPLUS LINES INSURER BUT IS NOT OTHERWISE LICENSED BY THE STATE OF MINNESOTA. IN CASE OF INSOLVENCY, PAYMENT OF CLAIMS IS NOT GUARANTEED. Mississippi: NOTE This insurance policy is issued pursuant to Mississippi law covering surplus lines insurance. The company issuing the policy is not licensed by the State of Mississippi, but is authorized to do business in Mississippi as a nonadmitted company. The policy is not protected by the Mississippi Insurance Guaranty Association in the event of the insurer's insolvency. Missouri: This Policy is issued in an unauthorized insurer under The Surplus Lines Insurance Law, under surplus lines insurance producer license No. and is NOT covered by the property and casualty guaranty fund of this state if the unauthorized insurer becomes insolvent. Montana: This Policy is issued in an unauthorized insurer under The Surplus Lines Insurance Law, under surplus lines insurance producer license No. and is NOT covered by the property and casualty guaranty fund of this state if the unauthorized insurer becomes insolvent. Nebraska: This policy is issued by a nonadmitted insurer, and in the event of the insolvency of such insurer, this policy will not be covered by the Nebraska Property and Liability Insurance Guaranty Association. Nevada: This insurance contract is issued pursuant to the Nevada insurance laws by an insurer neither licensed by nor under the supervision of the Division of Insurance of the Department of Business and Industry of the State of Nevada. If the insurer is found insolvent, a claim under this contract is not covered by the Nevada Insurance Guaranty Association Act. New Hampshire: The company issuing this policy has not been licensed by the state of New Hampshire and the rates charged have not been approved by the commissioner of insurance. If the company issuing this policy becomes insolvent, the New Hampshire insurance guaranty fund shall not be liable for any claims made against the policy. New Jersey: This policy is written by a surplus lines insurer and is not subject to the filing or approval requirements of the New Jersey Department of Banking and Insurance. Such a policy may contain conditions, limitations, exclusions and different terms than a policy issued by an insurer granted a Certificate of Authority by the New Jersey Department of Banking and Insurance. The insurer has been approved by the Department as an eligible surplus lines insurer, but the policy is not covered by the New Jersey Insurance Guaranty Fund, and only a policy of medical malpractice liability insurance as defined in N.J.S.A. 17:30D -3d or a policy of property insurance covering owner - occupied dwellings of less than four dwelling units are covered by the New Jersey Surplus Lines Guaranty Fund. New Mexico: This policy provides surplus lines insurance by an insurer not otherwise authorized to transact business in New Mexico. This policy is not subject to supervision, review or approval by the superintendent of insurance. The insurance so provided is not within the protection of any guaranty fund law of New Mexico designed to protect the public in the event of the insurer's insolvency. New York: THE INSURER(s) NAMED HEREIN IS (ARE) NOT LICENSED BY THE STATE OF NEW YORK, NOT SUBJECT TO ITS SUPERVISION. AND IN THE EVENT OF THE INSOLVENCY OF THE INSURER(s) , NOT PROTECTED BY THE NEW YORK STATE SECURITY FUNDS, THE POLICY MAY NOT BE SUBJECT TO ALL OF THE REGULATIONS OF THE INSURANCE DEPARTMENTS PERTAINING TO POLICY FORMS. North Carolina: The insurance company with which this coverage has been placed is not licensed by the State of North Carolina and is not subject to its supervision. In the event of the insolvency of the insurance company, losses under this policy will not be paid by any State insurance guaranty or solvency fund. North Dakota: THIS POLICY IS ISSUED PURSUANT TO THE NORTH DAKOTA SURPLUS LINES INSURANCE STATUTE UNDER THE SURPLUS LINES PRODUCERS LICENCE OF THE INSURER IS A QUALIFIED SURPLUS LINES INSURER, BUT IS NOT OTHERWISE LICENSED BY THE STATE OF NORTH DAKOTA AND DOES NOT PARTICIPATE IN THE NORTH DAKOTA INSURANCE GUARANTY ASSOCIATION. Ohio: THE INSURANCE HEREBY EVIDENCED IS WRITTEN BY AN APPROVED NON -LICENSED INSURER IN THE STATE OF OHIO AND IS NOT COVERED IN CASE OF INSOLVENCY BY THE OHIO INSURANCE GUARANTY ASSOCIATION. Oklahoma: The insurance company with which this coverage has been placed is not licensed by the State of Oklahoma and is not subject to its supervision. In the event of the insolvency of the insurance company, losses under this policy will not be paid by any State insurance guaranty or solvency fund. Oregon: This insurance was procured and developed under the Oregon surplus lines laws. It is NOT covered by the provisions of ORS 734.510 to 734.710 relating to the Oregon Insurance Guaranty Association. If the insurer issuing this insurance becomes insolvent, the Oregon Insurance Guaranty Association has no obligation to pay claims under this insurance. Pennsylvania: The insurer which has issued this insurance is not licensed by the Pennsylvania Insurance Department and is subject to limited regulation. This insurance is NOT covered by the Pennsylvania Insurance Guaranty Association. Rhode Island: NOTICE THIS INSURANCE CONTRACT HAS BEEN PLACED WITHAN INSURER NOT LICENSED TO DO BUSINESS IN THE STATE OF RHODE ISLAND BUT APPROVED AS A SURPLUS LINES INSURER. THE INSURER IS NOT A MEMBER OF THE RHODE ISLAND INSURERS INSOLVENCY FUND. SHOULD THE INSURER BECOME INSOLVENT, THE PROTECTION AND BENEFITS OF THE RHODE ISLAND INSURERS INSOLVENCY FUND ARE NOT AVAILABLE. South Carolina: This company has been approved by the director or his designee of the South Carolina Department of Insurance to write business in this State as an eligible surplus lines insurer, but it is not afforded guaranty fund protection. South Dakota: This insurance contract is issued by a nonadmitted insurer which is not licensed by nor under the jurisdiction of the South Dakota Insurance Director. Tennessee: This insurance contract is with an insurer not licensed to transact insurance in this state and is issued and delivered as a surplus line coverage pursuant to the Tennessee insurance statutes. Texas: This insurance contract is with an insurer not licensed to transact insurance in this state and is issued and delivered as surplus line coverage under the Texas insurance statutes. The Texas Department of Insurance does not audit the finances or review the solvency of the surplus lines insurer providing this coverage, and the insure is not a member of the property and casualty insurance guaranty association created under Chapter 462, Insurance Code. Chapter 225, Insurance Code, requires payment of a 4.85 percent tax on gross premium. Utah: The insurer issuing this policy does not hold a certificate of authority to do business in this state and thus is not fully subject to regulation by the Utah insurance commissioner. This policy receives no protection from any of the guaranty associations created under Title 31A, Chapter 28." Vermont: The company issuing this policy has not been licensed by the state of Vermont and the rates charged have not been approved by the commissioner of insurance. Any default on the part of the insurer is not covered by the Vermont Insurance Guaranty Association." Virginia: The insurance policy that you have applied for has been placed with or is being obtained from an insurer approved by the State Corporation Commission for issuance of surplus lines insurance in this Commonwealth, but not licensed or regulated by the State Corporation Commission of the Commonwealth of Virginia. Therefore, you, the policyholder, and persons filling a claim against you are not protected under the Virginia Property and Casualty Insurance Guarantee Association Act (&&38.2-1600 ET SEQ.) against default of the company due to insolvency. In the event of insurance company insolvency, you may be unable to collect any amount owed to you by the company regardless of the terms of this insurance policy and you may have to pay for any claims made against you." Washington: This contract is registered and delivered as a surplus line coverage under the insurance code of the state of Washington, enacted in 1947. It is not issued by a company regulated by the Washington state insurance commissioner and is not protected by any Washington state guaranty fund law. West Virginia: This company is not licensed to do business in West Virginia and is not subject to the West Virginia Insurance Guaranty Act. Notice 1. An insurer that is not licensed in this state is issuing the insurance policy that you have applied to purchase. These companies are called 'nonadmitted' or 'surplus lines' insurers. 2. The insurer is not subject to the financial solvency regulation and enforcement that applies to licensed insurers in this state. 3. These insurers generally do not participate in insurance guaranty funds created by state law. These guaranty funds will not pay your claims or protect your assets if the insurer becomes insolvent and is unable to make payments as promised. 4. Some states maintain lists of approved or eligible surplus lines insurers and surplus lines brokers may use only insurers on the lists. Some states issue orders that particular surplus lines insurers cannot be used. 5. For additional information about the above matters and about the insurer, you should ask questions of your insurance agent or surplus lines licensee. You may also contact your insurance commission consumer help line. Wisconsin: This insurance contract is with an insurer which has not obtained a certificate of authority to transact regular insurance business in the state of Wisconsin, and is issued and delivered as a surplus line coverage pursuant to s. 618.41 of the Wisconsin Statutes. Section 618.43(1), Wisconsin Statutes, requires payment by the policyholder of 3% tax on gross premium." Wyoming: This insurance contract is issued pursuant to the Wyoming Insurance Laws by an insurer neither licensed by nor under the jurisdiction of the Wyoming Insurance Department. 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 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 — 90 Days from the date of acquisition; 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. Any Builders' Risks, Renovations, Repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 14 J. K. L. M. N . O. P. Q. R. S . T. U . V. W. X. Y. Z. AA. BB. CC DD 1,000,000 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; $50,000 Unscheduled Locations 500,000 Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity 250,000 Civil Authority — 4 Weeks Maximum 250,000 Ingress/Egress — 4 Weeks Maximum 2,500,000 Unnamed Location, Any One Occurrence 100,00 Personal Property of Employees at a described Location 50,000 Personal Property of Others while on the Insured's property 10,000,000 Ordinance or Law 10,000,000 Extra Expense 1,000,000 Expediting Expense 1,000,000 Property in Transit $ 10,000,000 Contractors' Equipment subject to maximum $1,500,000 per item $ 5,000,000 Fine Arts subject to maximum $500,000 per item $ 1,000,000 Fire Fighting Materials $ 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes $ 250,000 Loss Adjustment Expenses/Professional Services $ 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation $ 1,000,000 Errors or Omissions $ 1,000,000 Vehicle Physical Damage — Over the Road $ 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 $ 100,000 Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement $ 100,000 Trees and Shrubs $ 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 Policy Term: January 1, 2024 to January 1, 2025 Page 2 of 14 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 $1,000,000 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 ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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 Policy Term: January 1, 2024 to January 1, 2025 Page 3 of 14 Definitions/Provisions 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 o r 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 o r 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, and cyclones), snow, rain or hail is concerned a single event shall mean o ne single atmospheric disturbance during a continuous period of seventy-two (72) hours (not limited by the date on which coverage under this policy ceases). BUILDERS RISK This policy cover projects in the course of construction at a covered location, other than an 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. Any builders' risks, renovations, repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 4 of 14 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, inherent vice or latent defect. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 5 of 14 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; 6. 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over $5,000,000 the Company will charge an additional premium. For Property with values under $5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will provide the Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1St of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 6 of 14 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 7 of 14 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 8 of 14 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 (30) 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 9 of 14 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 10 of 14 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. 26. 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. 27. 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. 28. 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 Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy.. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 11 of 14 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 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 12 of 14 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 13 of 14 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 a direct result of physical loss or damage by fire, lightning, explosion, windstorm, hail, leakage from fire protection e quipment, smoke, vehicles and aircraft, riot, civil commotion, vandalism, sinkhole collapse, volcanic action, falling o bjects, weight of snow, ice or sleet, or water damage. For example: a fire damage 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, u pset 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 Policy Term: January 1, 2024 to January 1, 2025 Page 14 of 14 ENDORSEMENT A EXCESS CLAUSE 1 EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non - concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 C In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects those perils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Lincoln 2 Archuleta 27 Logan 3 Baca 28 Mineral 4 Bent 29 Moffat 5 Chaffee 30 Montezuma 6 Cheyenne 31 Montrose 7 Clear Creek 32 Morgan 8 Conejos 33 Otero 9 Crowley 34 Ouray ray 10 Custer 35 Park 11 Delta 36 Phillips 12 Dolores 37 Prowers 13 Elbert 38 Pueblo 14 Fremont 39 Rio Blanco 15 Garfield 40 Rio Grande 16 Gilpin 41 Routt 17 Grand 42 Saguache 18 Gunnison 43 San Juan 19 44 San Miguel Hinsdale 20 Huerfano 45 Sedgwick 21 Jackson 46 Summit 22 Kiowa 47 Teller 23 Kit Carson 48 Washington 24 Lake 49 Yuma 25 Las Animas ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Equipment Breakdown 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, 2024 to January 1, 2025 GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 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; 11. 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: 11. 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; 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; Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Pad, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Pad, the term loss or damage is changed to Loss. ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2 SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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). Page 1 of 1 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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 pad 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such pad of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 2 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 c) by using or increasing operations elsewhere, then such possible reduction shall be taken into account in arriving at the amount of loss hereunder. 3 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage 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 Direct Physical Loss or Damage occurred. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of US$25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. NMA2343 24/11/1988 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 WAR AND TERRORISM EXCLUSION ENDORSEMENT N otwithstanding 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. N MA2918 08/10/2001 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 APPLICATION OF SUBLIMITS ENDORSEMENT Named Colorado Insured: Counties Casualty and Property Pool Endorsement 8 Number: Policy Period: 1/1/2024 to 1/1/2025 Effective 1/1/2024 Date of 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. LMA513 0 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED ASBESTOS EXCLUSION Named Colorado Insured: Casualty and Pro lerty Pool Endorsement Number: Counties 9 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 This Policy does not insure against: (1) asbestos material removal, unless the asbestos itself is damaged by fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm or hail, vandalism, malicious mischief, leakage or accidental discharge from automatic fire protective systems; (2) demolition or increased cost of reconstruction, repair, debris removal or loss of use of necessitated by the enforcement of any law or ordinance regulating asbestos material; or (3) any governmental direction or request declaring that asbestos material present in or part of or utilized on any undamaged portion of the Insured's property can no longer be used for the purpose for which it was intended or installed and must be removed or modified. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED AUTHORITIES ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number Counties 10 Policy Period: 1/1/2023 to 1/1/2024 Effective Date of Endorsement 1/1/2023 This Policy does not insure against: It is hereby understood and agreed that with respect to the property section only: Except as specifically stated in this policy or endorsement attached thereto, the company shall not be liable for loss, damage, costs, expenses, fines, or penalties incurred, sustained by or imposed on the Insured at the order of any Government Agency, Court, or other Authority arising from any cause whatsoever. However, if any time element coverage is afforded by this policy or endorsements thereto, the coverage is extended to include any increase in the actual loss sustained by the Insured, resulting directly from an interruption of business covered hereunder, during the length of time not exceeding a thirty (30) day period when as a direct result of damage to or destruction of covered property by the peril(s) insured against, access to the premises or commencement of repairs is delayed at the order of any Government Agency, Court, or other Authority. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page l of l BIOLOGICAL, CHEMICAL, OR NUCLEAR EXCLUSION ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number: Counties 11 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: BIOLOGICAL, CHEMICAL, OR NUCLEAR EXCLUSION ENDORSEMENT The following exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: • BIOLOGICAL, CHEMICAL OR NUCLEAR EXCLUSION This policy does not insure against any loss, damage, cost or expense caused by or resulting from any of the following, regardless of any other cause or event contributing concurrently or in any sequence thereto: 1. The unlawful possession, use, release, discharge, dispersal or disposal of any chemical, bacteriological, viral, radioactive or similar agents or material regardless of who is responsible for the act, whether or not the act is certified as an act of terrorism pursuant to the federal Terrorism Risk Insurance Act, and whether war has been declared or not, and regardless of any other cause or event contributing concurrently or in any other sequence thereto; or 2. The unlawful possession, use, release, discharge, detonation, dispersal or disposal of any device or material capable of producing a nuclear reaction or the spread of radioactivity, regardless of who is responsible for the act, whether or not the act is certified as an act of terrorism pursuant to the federal Terrorism Risk Insurance Act, and whether war has been declared or not, and regardless of any other cause or event contributing concurrently or in any other sequence thereto. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page 1 of 1 CERTIFICATES OF INSURANCE ENDORSEMENT Named Colorado Insured: Counties Casualty and Property Pool 12 Endorsement Number Policy 1/1/2024 Period: to 1/1/2025 Effective Date of Endorsement 1/1/2024 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING: The following provisions are added to this policy and supersede and replace any conflicting provision in this Policy (including in any other endorsement hereto): Any Certificate of Insurance issued in connection with this Policy, whether by or on behalf of the Company or an Insured, shall be issued solely as a matter of convenience or information of the addressee(s) or holder(s) of such certificate of insurance. A Certificate of Insurance does not confer any rights upon any person or entity, nor alter any term or condition of this Policy. Additional Named Insureds may only be added to this policy by an endorsement. All other terms and conditions remain unchanged. Page 1 of &q u of Named Colorado Insured Counties Casualty and Property Pool Endorsement 13 Number Policy Symbol Policy Number Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 SLSTPTY11929924 Issued Starr By (Name Surplus of Insurance Company) Lines Ins. Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COMMUNICABLE DISEASE EXCLUSION This endorsement modifies insurance provided by this policy: The exclusion set forth below applies to all coverages, coverage extensions, supplemental coverages, optional coverages, and endorsements that are provided by the policy to which this endorsement is attached, including, but not limited to, those that provide coverage for property or time element losses (including, but not limited to, gross earnings, gross profits, business interruption, extra expense, rental value, contingent business interruption, contingent time element, leader or attraction property, and interruption by civil or military authority). The Company does not insure any loss, cost, damage or expense, directly or indirectly caused by, resulting from, arising out of, attributable to, contributed to, or occurring concurrently or in any sequence with a communicable disease or communicable disease agent. This exclusion applies to, but is not limited to, any loss, cost, damage, or expense as a result of: a. any contamination by any communicable disease or communicable disease agent; b. any denial, restriction, or impairment of access to property because of the existence, threat, or suspected presence of any communicable disease or communicable disease agent; or c. any deterioration, loss of value, loss of marketability, or loss of use to tangible or intangible property insured hereunder directly or indirectly caused by or arising out of any communicable disease or communicable disease agent. No coverage extension, additional coverage, exception to any exclusion, endorsement, or any other coverage grant shall afford coverage that would otherwise be excluded through this exclusion. Additionally, the phrase "loss, cost, damage or expense," as used herein includes, but is not limited to: (a) any cost to clean-up, detoxify, remove, monitor or test: (1) for a communicable disease or communicable disease agent; or (2) any tangible or intangible property insured hereunder that is affected or suspected to be affected by such communicable disease or communicable disease agent; and (b) any time element losses, including any time element coverage extensions, directly or indirectly caused by, resulting from, arising out of, attributable to, or contributed to by such communicable disease or communicable disease agent. As used herein, words in bold have the following meanings: "Communicable disease" means any infectious or contagious disease: 1. Caused by any communicable disease agent; and 2. Regardless of the method of transmission, whether direct or indirect, including, but not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between humans, animals, or from any animal to any human or from any human to any animal. "Communicable disease agent" means any infectious or contagious agent, including, but not limited to: a virus, bacterium, parasite, or other organism, or any mutation thereof, whether deemed living or not, that causes or could cause disease, illness, or physical distress to human health. All other terms and conditions of the policy remain the same Starr — 04/20 Page 1 of 1 Named Colorado Insured Counties Casualty and Property Pool 14 Endorsement Number Policy SLSTPTY11929924 Number Policy 1/1/202.1 Period to 1/1/2025 1/1/202.1 Effective Date of Endorsement Issued Starr By (Name Surplus of Lines Insurance Company) Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PROPERTY CYBER AND DATA EXCLUSION 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 However, if a Cyber Act or a Cyber Incident results in a fire that causes 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 a Cyber Act or Cyber Incident that result in fire, this Company will, subject to the terms, conditions, exclusions, limitations, any endorsements in this Policy, pay for the physical loss or damage caused by that fire, unless another exclusion applies. Such coverage for fire applies only to direct physical 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 any time element loss (e.g., business interruption, extra expense to continue business activities, etc.) or any other coverage other than for the direct physical loss or damage to the property insured hereunder. For the purpose of this provision, Data shall not be considered property insured. 3 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 4 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss or Data, replaces that wording. Definitions 5 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 6 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 7 Cyber Incident means: 7.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or LMA5401 (Starr Amended 10/23) Page 1 of 2 7.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 8 Computer System means: 8.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 9 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. All other terms and conditions remain unchanged. eot6e eaaeet Authorized Representative LMA5401 (Starr Amended 10/23) Page 2 of 2 MILLENNIUM ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number: Counties 15 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 The policy is hereby amended as follows: A. The Insurer will not pay for Damage or Consequential Loss directly or indirectly caused by, consisting of, or arising from, the failure of any computer, data processing equipment or media microchip, operating systems, microprocessor (computer chip), integrated circuit or similar device, or any computer software, whether the property of the Insured or not, and whether occurring before, during or after the year 2000 that results from the inability to: 1. correctly recognize any date as its true calendar date; 2. capture, save, or retain and/or correctly manipulate, interpret or process any data or information or command or instruction as a result of treating any date other than its true calendar date; and/or 3. capture, save, retain or correctly process any data as a result of the operation of any command which has been programmed into any computer software, being a command which causes the loss of data or the inability to capture, save, retain or correctly process such data on or after any date. B. It is further understood that the Insurer will not pay for the repair or modification of any part of an electronic data processing system or its related equipment, to correct deficiencies or features of logic or operation. C. It is further understood that the Insurer will not pay for Damage or Consequential Loss arising from the failure, inadequacy, or malfunction of any advice, consultation, design evaluation, inspection installation, maintenance, repair or supervision done by the Insured or for the Insured or by or for others to determine, rectify or test, any potential or actual failure, malfunction or inadequacy described in A. above. Such damage or Consequential Loss described in A, B, or C above, is excluded regardless of any other cause that contributed concurrently or in any other sequence. This endorsement shall not exclude subsequent Damage or Consequential Loss, not otherwise excluded, which itself results from a Defined Peril. Defined Peril shall mean: fire, lightning, explosion aircraft or vehicle impact, falling objects, windstorm, hail, tornado, hurricane, cyclone, riot, strike, civil commotion, vandalism, malicious mischief, earthquake, volcano, tsunami, freeze or weight of snow. Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the policy, except as herein above set forth. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page 1 of 1 RESULTANT MOLD Named Colorado Insured )erty Pool Endorsement 16 Number Counties Casualty and Pro Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 Policy SLSTPTY11929924 Number: In consideration of the premium charged, it is hereby understood and agreed that this policy is amended as follows. The Company shall not be liable for any loss or damage in the form of, caused by, arising out of, contributed to, or resulting from fungus, mold(s), mildew or yeast; or any spores or toxins created or produced by or emanating from such fungus, mold(s), mildew or yeast; (a) fungus includes, but is not limited to, any of the plants or organisms belonging to the major group fungi, lacking chlorophyll, and including mold(s), rusts, mildews, smuts and mushrooms; (b) mold(s) includes, but is not limited to, any superficial growth produced on damp or decaying organic matter or on living organisms, and fungi that produce mold(s); (c) spores means any dormant or reproductive body produced by or arising or emanating out of any fungus, mold(s), mildew, plants, organisms or microorganisms, regardless of any other cause or event that contributes concurrently or in any sequence to such loss. This exclusion shall not apply to any loss or damage in the form of, caused by, contributed to or resulting from fungus, mold(s), mildew or yeast, or any spores or toxins created or produced by or emanating from such fungus, mold(s), mildew or yeast which the Insured establishes is a direct result of a Covered Loss not otherwise excluded by the Policy, provided that such fungus, mold(s), mildew or yeast loss or damage is reported to the Company within twelve months from the expiration date of the Policy and is sublimited to $100,000 per occurrence. All other terms, conditions, definitions, exclusions, limitations and provisions of the Policy remain the same. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED POLICY NUMBERS: SLSTPTY11929924 Starr Surplus Lines Insurance Company Page 1 of 1 OCCURRENCE LIMIT OF LIABILITY ENDORSEMENT Named Colorado Insured Casualty and Property Pool Endorsement Number Counties 17 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 It is agreed that the following special terms and conditions apply to this policy: 1. The limit of liability or Amount of Insurance shown on the face of this policy, or endorsed on this policy, is the total limit of the Company'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 Company 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 out of one event. When the term applies to loss or losses from the perils of tornado, cyclone, hurricane, windstorm, hail, flood, earthquake, volcanic eruption, riot, riot attending a strike, civil commotion, vandalism and malicious mischief, or terrorism, one event shall be construed to be all losses arising during a continuous period of 72 hours. When filing proof of loss, the Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which may not be earlier than the time when the first loss to covered property occurs. 2. The premium for this policy is based upon the Statement of Values provided to the Insurer(s) by or on behalf of the Insured and kept on file by the Insurer(s). In the event of loss under the policy, the liability of the Insurer(s) shall be limited to the least of the following: a.) The actual adjusted amount of loss, less applicable deductible(s); b.) As respects each location insured by this policy, 100 percent of the total combined stated values for all categories of covered property (e.g. building, contents), and other covered exposures (e.g. business income, extra expense, rental loss), shown for that location on the latest statement of values or other documentation on file with the insurer. c.) Any other Limit of Liability or Sublimit of Insurance or Amount of Insurance specifically stated in this policy to apply to any particular insured loss or coverage or location. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page 1 of 1 POLITICAL RISK EXCLUSION Named Colorado Insured Casualty and Property Pool Endorsement Number Counties 18 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 Loss of property due to Political Risks is hereby excluded. Political Risks are defined as follows: "Confiscation, expropriation, nationalization, commandeering, requisition or destruction of or damage to property by order of the Government de jure or de facto or any public, municipal or local authority of the country or area in which the property is situated; seizure or destruction under quarantine or customs regulation" ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page 1 of 1 RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE - PHYSICAL DAMAGE - DIRECT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number 19 Policy Period 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 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 from "NEVERTHELESS" to the end of the clause do not apply and should be disregarded. 7/5/59 NMA 1191 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Page 1 of 1 Named Colorado Insured: Counties Casualty and Property Pool Endorsement 20 Number Policy 1/1/2024 Period: to 1/1/2025 1/1/2024 Effective Date of Endorsement ROOF LIMITATION ENDORSEMENT The coverage provided by this POLICY to which this Endorsement is attached is limited as respects direct physical loss or damage to ROOF SURFACING caused by WIND or NAMED WINDSTORM as defined in the POLICY. A. In case of loss, the basis of adjustment for damage to ROOF SURFACING that has been in place o n an insured building or structure for fifteen (15) years or more will be ACTUAL CASH VALUE, at time and place of loss. B. The term "ROOF SURFACING" means: 1. the roofing material exposed to the weather; 2. the u nderlayment applied for moisture protection; 3. all materials used in securing the roof surfacing all flashings required in the replacement of the roof surfacing. C This COMPANY shall not pay for COSMETIC DAMAGE to ROOF SURFACING caused by WIND o r NAMED WINDSTORM regardless of age. For the purpose of this endorsement, the term "COSMETIC DAMAGE" means marring, pitting or other superficial damage that altered the appearance of the ROOF SURFACING, but such damage does not prevent the roof from continuing to function as a barrier to entrance of the elements to the same extent as it did before the COSMETIC DAMAGE occurred. Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limitations, exclusions or conditions of the POLICY, except as herein above set forth. Page 1 of 1 VACANT PROPERTY ENDORSEMENT Named Colorado Insured Counties Casualty anti Property Pool Endorsement Number 21 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement 1/1/2024 The coverage provided by the POLICY is limited, as set forth below, as respects direct physical loss or damage to vacant buildings, including personal property therein, at INSURED LOCATIONS. A. PROPERTY COVERAGE FORM GENERAL CONDITIONS, Section 12. CONDITIONS, paragraph k. Permission Clause is deleted in its entirety and replaced by the following: k. Permission Clause: Permission is hereby granted to the Insured to: 1) do work and to make such changes in the use or occupancy of the premises as is usual or incidental to the business of the Insured, 2) make alterations, additions, improvements and repairs, 3) shut down or cease operations, and for individual buildings or units to remain vacant or unoccupied without limit of time, subject to the provisions of the VACANT PROPERTY ENDORSEMENT. But this COMPANY shall not be liable for loss occurring while the hazard is increased by any cause within the control or knowledge of the insured. B. VALUATION: In case of loss, the basis of adjustment for damage to vacant buildings, including personal property therein, at INSURED LOCATIONS will be at ACTUAL CASH VALUE at the time and place of loss. Such damage valuation will in no event exceed the value reported. C. ADDITIONAL EXCLUSIONS: In addition to the exclusions elsewhere in the POLICY, the following exclusions apply to this Endorsement: The COMPANY shall not pay for: 1. Loss or damage to buildings, including personal property therein, at INSURED LOCATIONS that have been vacant or unoccupied for more than thirty (30) consecutive days prior to an OCCURRENCE, unless the Insured has complied with all of the following during the period of vacancy: (A) properly installed automatic sprinkler and fire suppression systems are maintained and such systems and their water, electricity, and other utility supplies (if installed) are in good working order at all times; (B) maintained an ambient inside temperature sufficient to prevent freezing or thaw damage or winterized all drains, pipes and flues to avoid cracking or freezing; (C) maintained electricity to circuits that run alarms, flow alarms, and heating, ventilation and air conditioning controls, so as to maintain an environment that allows existing automatic sprinkler and fire suppression systems to operate properly; (D) removed and properly disposed of all flammable substances, materials and contents; Page 1 of 2 (E) ensured that all locks and fire or burglary alarm systems were fully activated and operational at all times such that they are capable of signaling to an outside central station, or reporting to a public or private fire alarm station or police station; and (F) conducted daily inspections of the vacant building(s), with written inspection reports detailing the location of the building(s); the ambient inside temperature(s) of the building(s); descriptions of any damage or vandalism and the status of all protective systems. 2. Coverage provided by the DEMOLITION AND INCREASED COST OF CONSTRUCTION ENDORSEMENT, if attached herein. 3. TIME ELEMENT coverage for any vacant building(s) at INSURED LOCATIONS. D. For purposes of this endorsement, a building is considered vacant or unoccupied when 75% or more of its square footage is either i) not rented or legally occupied or ii) not used to conduct customary operations. E. Buildings in the course of construction or renovation are not considered vacant, provided that work is actively being performed on or at them such that the Insured or its representatives are at the site at least 20 hours a week. F. LIMIT OF LIABILITY: The COMPANY's total liability in any one OCCURRENCE under this Endorsement: 1. shall in no event exceed the lesser of the Policy Limit of Liability specified in the Declarations or the declared real property value of the vacant building, including personal property therein, per location, as specified in the latest Statement of Values on file with the COMPANY or attached to this POLICY; and 2. applies subject to the following sublimits, which apply to buildings, including personal property therein, at INSURED LOCATIONS that are vacant at time of loss, resulting from: a. Vandalism and malicious mischief: $500,000 per OCCURRENCE b. Water damage: $500,000 per OCCURRENCE c. Theft : $250, 000 per OCCURRENCE This Endorsement is subject to the Deductibles specified in the Declarations and does not increase any amounts or limits of insurance provided by this POLICY. All other terms and conditions of this POLICY remain unchanged. Page 2 of 2 SERVICE OF PROCESS CLAUSE ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number: Counties 22 Policy Period: 1/1/2024 to 1/1/2025 Effective Date of Endorsement: 1/1/2024 Service of process may be made upon counsel at: Legal Department Starr Surplus Lines Insurance Company 399 Park Avenue New York, NY 10022 or his or her representative, and that in any suit instituted against the Insurer upon this policy, the Insurer will abide by the final decision of such court or of any appellate court in the event of an appeal. Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefore, the Insurer hereby designates the Superintendent, Commissioner or Director of Insurance, or other officer specified for that purpose in the statute, or his or her successors in office, as its 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 of insurance and hereby designates the above referenced counsel 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 remain unchanged. Attached to and forming part of Starr Surplus Lines Insurance Company Policy No. SLSTPTY11929924 Copyright © Starr Surplus Lines Insurance Company. All rights reserved. Includes copyrighted material of Insurance Services Office, Inc., with its permission FORM SSIL-0005 (07/20) Page 1 of 1 TRADE OR ECONOMIC SANCTIONS ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number Counties 23 Policy Period: 1/1/2024 to 1/1/2025 Effective Date of Endorsement 1/1/2024 This insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit us from providing insurance, including, but not limited to, the payment of claims. All other terms and conditions of policy remain unchanged. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED ALL -21101 (11/06) Page 1 of 1 TERRORISM EXCLUSION (FOR CERTIFIED ACTS OF TERRORISM UNDER THE TERRORISM RISK INSURANCE ACT, AS AMENDED) Named Colorado Insured Pool Endorsement 24 Number Counties Casualty and Property Policy Period 1/1/2024 to 1/1/2025 of Endorsement Effective Date 1/1/2024 THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY. This Policy excludes loss, damage, cost or expense, arising directly or indirectly as a result of a "certified act of terrorism" as defined by the Terrorism Risk Insurance Act of 2002, as amended ("the Act"), and any revisions or amendments thereto, regardless of any other cause or event contributing concurrently or in any other sequence to the loss. For purposes of this endorsement and in compliance with the Act, "certified act of terrorism" shall mean an 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 pursuant to the Act. The criteria contained in that Act for a "certified act of terrorism" include the following: 1. The act resulted in aggregate losses in excess of $5 million; and 2. 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. However, 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. With respect to fire resulting from any one or more acts of terrorism, this Company will not pay any amounts for which this Company is not responsible under the terms of the Act (including subsequent Congressional action pursuant to the Act) due to the application of Section 103 of the Act or any clause that results in a cap on our liability for payments for terrorism losses. 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, COVERAGE MAY BE REDUCED. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. Form #61330 (1/15) Page 1 of 1 TOTAL TERRORISM EXCLUSION Named Colorado Insured Casualty and Property Pool Endorsement 25 Number Counties Policy Period 1/1/2024 to 1/1/2025 Date of Endorsement Effective 1/1/2024 THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY. This Endorsement only applies in the United States of America and its Territories and Possessions. Notwithstanding any provision to the contrary within this Policy or any endorsement thereto, it is agreed that this Policy excludes loss, damage, cost, or expense of whatsoever nature directly or indirectly caused by, resulting from, or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss. 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 organization(s) or govermnent(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 any act of terrorism. However, 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. With respect to fire resulting from any one or more "certified acts of terrorism" as defined under the Federal Terrorism Risk Insurance Act of 2002, as amended ("the Act"), this Company will not pay any amounts for which this Company is not responsible under the terms of the Act (including subsequent Congressional action pursuant to the Act) due to the application of Section 103 of the Act or any clause that results in a cap on our liability for payments for terrorism losses. 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, COVERAGE MAY BE REDUCED. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. Form #61331 (1/15) Page 1 of 1 WAR AND TERRORISM EXCLUSION ENDORSEMENT -NMA 2918 Named Colorado Insured Counites Casualty and Property Pool Endorsement Number 26 Policy Period 1/1/2024 to 1/1/2025 Effective Date 1/1/2024 of Endorsement This endorsement applies outside the United States and its Territories and Possessions. 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 organization(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. Form #NMA2918 Named Colorado Insured Counties Casualty and Property Pool Endorsement 27 Number Policy Symbol Policy Number SLSTPTY11929924 Policy Period 1/1/2024 to 1/1/2025 Effective Endorsement 1/1/2024 Date of Issued Starr By (Name of Surplus Lines Insurance Company) Ins. Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. TERRITORIAL EXCLUSION ENDORSEMENT (BELARUS - RUSSIA - UKRAINE) This endorsement modifies insurance provided by the Policy: Notwithstanding any provision to the contrary within this Policy or any endorsement thereto, including the Coverage Territory, Policy Territory, Territorial Limits or other similar provision, the following are excluded territories under this Policy: • The Republic of Belarus: • The Russian Federation as recognized by the United Nations (or their territories, including territorial waters, or protectorates where they have legal control: legal control shall mean where recognized by the United Nations) • Ukraine (in accordance with the borders established as of the 1991 Declaration of Independence, including the Crimean Peninsula and the Donetsk and Luhansk regions); Thereinafter, referred to collectively as the "Excluded Territories". Regardless of: (1) any location shown on this Policy, on the Statement of Locations or Values, or otherwise stated, (2) any newly acquired location or miscellaneous unnamed location, (3) any error or omission by any entity, (4) any coverage extension or additional coverage, (5) any definition that may contain one or more of the Excluded Territories, or (6) any change in sanction status, there shall be no coverage provided in any of the Excluded Territories, nor any coverage provided as a result of an event that occurs in any of the Excluded Territories. The inclusion of one or more of the Excluded Territories in any other provision of this Policy does not provide coverage for such geographic area. Where there is any conflict between the terms of this endorsement and the terms of the Policy, the terms of this endorsement shall apply, subject at all times to the application of any Sanctions clause. ALL OTHER 'PERMS AND CONDITIONS REMAIN UNCHANGED eat e4aadeeit Authorized Signature Page 1 of 1 GENERAL CHANGE ENDORSEMENT Named Colorado Insured: Casualty and Property Pool Endorsement Number: Counites 28 Policy Period: 1/1/2024 to 1/1/2025 Effective Date of Endorsement: 1/1/2024 It is hereby understood that the following changes are made to the policy: Sublimits are updated as follows: • 180 Days Extended Period of Indemnity • $5,000,000 Fine Arts ($500,000 Any One Item) • $250,000 Ingress/Egress (4 Weeks/1 Mile/72 Hours) • $10,000,000 Service Interruption (Property Damage & Time Element Combined, Overhead Transmission and Distribution Lines Excluded) 5 Mile Limitation • $100,000 Trees and Shrubs ($5,000 maximum per item) • $250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes ALL OTHER '11ERMS AND CONDITIONS REMAIN UNCHANGED. enlace e'ae 7/23/2024 Authorized Signature Date Page 1 of 1 `IC STARR SPECIALTY LINES A Member of Starr Companie TO OUR BROKERS/AGENTS IMPORTANT NOTICE - TO BE KEPT WITH POLICY WHAT TO DO WHEN A LOSS OCCURS 1. Report as soon as practicable, every incident, loss or damage (LOSS NOTICES) which may become a claim to: StarrPoolClaims@starrcompanies.com S 2. Starr Specialty Lines Insurance Agency, LLC claims CANNOT be processed through any other facility and must be reported as indicated above. 3. Adjusters can ONLY be assigned by Starr Specialty Lines Insurance Agency, LLC Property Claims Department. RISK PLACEMENT IL SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: May 13, 2024 Attn: AJG - Centennial - Risk Mgmt karen_graham@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy U: 0312-1675-1A Carrier: Allied World Assurance Company (U.S.) Inc. Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 !ALLIE A FAIRFAX Company Placed by: Risk Placement Services, Inc. Allied World Assurance Company (U.S.), Inc. 199 Water Street, 24th Floor, New York, NY 10038 • Tel. (646) 794-0500 • Fax (646) 794-0611 (hereinafter called the Company) COMMERCIAL PROPERTY POLICY DECLARATIONS POLICY NUMBER: 0312-1675-1A RENEWAL OF: 0312-1675-1A ITEM 1. Named Insured: Colorado Counties Casualty and Property Pool Address: c/o CTSI, 800 Grant Street, Suite 400, Denver, CO 80203 ITEM 2. Policy Period: From: 01/01/2024 To: 01/01/2025 at 12:01 A.M. Standard Time at the location of property insured as stated in the Schedule of Locations. ITEM 3. Limit of Liability: 15% or $1,500,000 Part of $10,000,000 Primary per Occurrence, Except Annual Aggregate applies, as respects Perils of Flood and Earthquake, if Covered See attached Forms and Endorsements, for Sublimits which may apply to these or to other Perils or Coverages. Premium, all Coverages Excluding Terrorism: Premium, Terrorism Coverage: Total Premium, All Coverages: $600,000 part of $4,000,000. $0 (REJECTED) $600,000 pad of $4,000,000. In the event of cancellation of this policy by the Insured, a minimum premium of $210,000. shall become earned, any provision 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 on the Insured's behalf. In the event of such cancellation for non-payment of premium, the minimum earned premium shall be due and payable; provided, however, such cancellation shall be rescinded if the Insured remits and the Company receives the full policy premium within 10 days after the date of issuance of the cancellation notice. Such remittance and acceptance by the Company shall not affect the minimum earned premium provision of this endorsement. In the event of any other cancellation by the Company, the earned premium shall be computed pro -rata, not subject to the minimum earned premium. ITEM 4. Perils: All Risk of Direct Physical Loss or Damage Including Flood and Earthquake Excluding Terrorism and Boiler & Machinery ITEM 5. Description of Property Covered: Real and Personal Property, Business Interruption, Extra Expenses, Rental Values ITEM 6. Coinsurance: Nil ITEM 7. Forms Attached: See attached Forms Schedule Premium : $ 600,000.00 CO Surplus Lines Tax : $ 18,000.00 Total Charges : $ 618,000.00 PDP 0001 (04/21) Page 1 of 2 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) ITEM 8. Producer: Risk Placement Services, Inc. 3655 North Point Pkwy, Ste 600 Alpharetta, GA 30005 ITEM 9. SERVICE OF SUIT CLAUSE Service of Suit: In the event of 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 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 or process in such suit may be made upon Counsel, Legal Department, Company stated on Declarations, 1690 New Britain Ave., Suite 101, Farmington, CT 06032, or his or her representative, and that 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 an appeal. Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefor, the Company hereby designates the Superintendent, Commissioner or Director of Insurance, other officer specified for that purpose in the statute, or his successor or successors in office as its 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 of insurance and hereby designates the above named Counsel as the person to whom the said officer is authorized to mail such process or a true copy thereof. ITEM 10. GOVERNMENT ACTIVITY CLAUSE The Company shall not be liable for loss or damage caused by or resulting from: (1) the seizure or destruction of property insured by this policy by any government body, including any customs or quarantine action, or (2) confiscation or destruction of any property by order of any government or public authority, except an order to destroy property to prevent the spread of fire or explosion. IN WITNESS HEREOF, we have caused this policy to be executed and attested, but this policy shall not be valid unless countersigned in these Declarations by one of our duly authorized representatives. Authorized Representative ANY REFERENCE IN THE POLICY FORM TO CONTACT IN WRITING THE COMPANY'S CLAIM OR LEGAL DEPARTMENTS SHOULD USE THE ADDRESSES PROVIDED BELOW. Allied World Assurance Company (U.S.), Inc. ATTN: Claim Department 1690 New Britain Ave., Suite 101 Farmington, CT 060323 awacus.propertyclaims@awac.com Allied World Assurance Company (U.S.), Inc. ATTN: Legal Department 199 Water Street, 24th Fl. New York, New York 10038 ALL OTHER NOTICES SHOULD BE SENT TO THE ADDRESS PROVIDED BELOW: Allied World Assurance Company (U.S.), Inc. 199 Water Street, 24th Fl. New York, NY 10038 PDP 0001 (04/21) Page 2 of 2 FORMS SCHEDULE Named Insured: Colorado Counties Casualty and Property Pool Policy No: 0312-1675-1A Effective Date: 01/01/2024 Form No: Edition Date Endorsement No: Title PDP 0001 (04/21) Declarations Page PSC 0007 99 (03/21) Schedule of Covered Locations CP 00244 00 (08/22) Standard Property Conditions Broker Form CP 00243 00 (08/22) Trade and Economic Sanctions PEN 0012 99 (03/21) Property Millennium Endorsement PEN 0013 99 (03/21) War Risk and Terrorist Exclusion PEN 0014 99 (03/21) Pollution Exclusion and Contamination, Debris Removal PEN 0015 99 (06/09) Mold / Fungus Exclusion PEN 0016 99 (06/09) Data Corruption Endorsement PEN 0017 99 (03/21) Special Catastrophe Earned Premium Provision PEN 0018 99 (03/21) Newly -Acquired Location Limitation PEN 0027 99 (06/09) Priority of Payments PEN 0046 99 (03/21) Joint Loss Adjustment Agreement PEN 0104 99 (03/21) Cyber Exclusion PEN 0111 99 (03/21) Communicable Disease Exclusion PEN 0700 (03/21) Policy Insurance Holder Risk Disclosure Act - Blank Statement under Terrorism 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. STEPHEN ADAIR Surplus Lines Licensed Producer PSC 0001 (03/21) Page 1 of 1 SCHEDULE OF COVERED LOCATIONS Policy Number: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool Description of Premises As Per Schedule of Locations on File with the Company, with a Total Insurable Value of $3,594,034,945. Limit 15% or $1,500,000 Part of $10,000,000 Primary per Occurrence, Except annual Aggregate applies, as respects Perils of Flood and Earthquake, if Covered. PSC 0007 99 (03/21) Page 1 of 1 Percent of Coinsurance Nil ALLIED WORLD ASSURANCE COMPANY, (U.S.) INC. Standard Property Conditions - Broad Form This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. In consideration of the premium charged, the following clauses are hereby made applicable under this Policy. MINIMUM EARNED PREMIUM CLAUSE In the event of cancellation of this Policy by the Insured, a minimum premium of $210,000. shall become earned, any provision 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 on the Insured's behalf. In the event of such cancellation for non-payment of premium, the minimum earned premium shall be due and payable; provided, however, such cancellation shall be rescinded if the Insured remits and the Company receives the full Policy premium with 10 days after the date of issuance of the cancellation notice. Such remittance and acceptance by the Company shall not effect the minimum earned premium provision of this endorsement. In the event of any other cancellation by the Company, the earned premium shall be computed pro -rata, not subject to the minimum earned premium. POLICY DEDUCTIBLE Each claim for loss or damage separately occurring shall be adjusted separately and from each such adjusted claim, the amount of $*** shall be deducted. Notwithstanding the foregoing, the deductible amount applying to certain peril(s) insured against by this Policy shall be as follows: ***deductibles are found on pages 2-3 of coverage form In the event of any other insurance covering the property insured hereunder, whether or not concurrent, the deductible(s) specified herein shall apply in full against that portion of any claim for loss or damage which the Company is called upon to pay under the provisions of the Apportionment Clause irrespective of any provisions to the contrary of such other insurance. CANCELLATION CLAUSE Except and to the extent of the Minimum Earned Premium Clause which is part of this Policy, this clause supersedes other cancellation clauses made a part of this Policy. CANCELLATION: This Policy may be cancelled by the Insured by surrender thereof to the Company or by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This Policy may be cancelled by the Company by mailing to the Insured, at the mailing address shown in this Policy or last known address, written notice, stating when, not less than 90 days thereafter (10 days for non-payment of premium) such cancellation shall be effective. The effectiveness of cancellation is not dependent on the return of unearned premium with the notice. Proof of mailing of notice as aforesaid shall be sufficient proof of notice. The effective date and hour of cancellation stated in the notice shall become the end of the Policy period. Delivery of such written notice either by the Insured or the Company shall be equivalent to mailing. If the Insured cancels, earned premium shall be computed in accordance with the customary short rate table and procedure. If the Company cancels, earned premium shall be computed pro rata. Premium adjustment shall be made as soon as practicable after cancellation becomes effective. SERVICE OF SUIT CLAUSE Service of Suit: In the event of 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 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 or process in such suit may be made upon Counsel, Legal Department, Company stated on Declarations, 199 Water Street, 24th Fl., New York, NY 10038, or his or her representative, and that 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 an appeal. CP 00244 00 (08/22) Page 1 of 2 Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefor, the Company hereby designates the Superintendent, Commissioner or Director of Insurance, other officer specified for that purpose in the statute, or his successor or successors in office as its 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 of insurance and hereby designates the above named Counsel as the person to whom the said officer is authorized to mail such process or a true copy thereof. WAR RISK EXCLUSION CLAUSE The Company shall not be liable for any loss, caused directly or indirectly, by (1) hostile or warlike action in time of peace or war, whether or not declared, including action in hindering, combating or defending against an actual, impending or expected attack (a) by government or sovereign power (dejure or de facto) or by any authority maintaining or using military, naval or air forces; or (b) by military, naval or air forces; or (c) by an agent of any such government, power, authority or force (2) any weapon of war employing atomic fission or radioactive force whether in time of peace or war, whether or not its discharge was accidental; (3) insurrection, rebellion, revolution, civil war, usurped power, or action taken by government authority in hindering, combating, or defending against such an occurrence, seizure or destruction; (4) any consequence of any of the foregoing. NUCLEAR EXCLUSION CLAUSE The Company shall not be liable for loss by nuclear reaction or nuclear radiation or radioactive contamination all whether controlled or not, and whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by the peril(s) insured against in this Policy. If the peril of fire is insured under this Policy, then, subject to the foregoing and all provisions of this Policy, direct loss by fire resulting from nuclear reaction or nuclear radiation or radioactive contamination is insured against by this Policy. SALVAGE AND RECOVERY CLAUSE All salvages, recoveries and payments recovered or received either prior or subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties hereto, including deduction of the Company's cost of recovery or salvage. REPORTING CLAUSE Notwithstanding that the Insured may be obligated to report full values for premium purposes, the Company's maximum limit of liability shall not exceed that amount stated as the Policy limit of liability. PROOF OF LOSS AND PAYMENT The Insured shall complete and sign a sworn proof of loss within ninety (90) days after the occurrence of a loss (unless such period be extended by the written agreement of the Company) stating the time, place and cause of loss, the interest of the Insured and of all others in the property, the sound value thereof and the amount of loss or damage thereto, and all other insurance thereon. All adjusted claims shall be due and payable thirty (30) days after the presentation and acceptance of satisfactory proof(s) of loss at the office of the Company at 1690 New Britain Ave., Suite 101, Farmington, CT 06032. GOVERNMENT ACTIVITY CLAUSE The Company shall not be liable for loss or damage caused by or resulting from: (1) the seizure or destruction of property insured by this Policy by any government body, including any customs or quarantine action, or (2) confiscation or destruction of any property by order of any government or public authority, except an order to destroy property to prevent the spread of fire or explosion. IN WITNESS HEREOF, we have caused this Policy to be executed and attested, but this Policy shall not be valid unless countersigned in the Declarations by one of our duly authorized representatives. CP 00244 00 (08/22) Page 2 of 2 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. 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 — 90 Days from the date of acquisition; 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. Any Builders' Risks, Renovations, Repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 14 $ 1,000,000 $ 500,000 J. $ 250,000 K. $ 250,000 L. $ 2,500,000 M. $ 100,00 N. $ 50,000 O $ 10,000,000 P. $ 10,000,000 Q. $ 1,000,000 R. $ 1,000,000 S. $ 10, 000, 000 T. U. V. W. X. Y. Z. Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; $50,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum Unnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense Property in Transit Contractors' Equipment subject to maximum $1,500,000 per item $ 5,000,000 Fine Arts subject to maximum $500,000 per item $ 1,000,000 Fire Fighting Materials $ 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes $ 250,000 Loss Adjustment Expenses/Professional Services $ 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation $ 1,000,000 Errors or Omissions $ 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. $ CC. $ 100,000 100,000 Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement 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 Policy Term: January 1, 2024 to January 1, 2025 Page 2 of 14 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 $1,000,000 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 ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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 Policy Term: January 1, 2024 to January 1, 2025 Page 3 of 14 Definitions/Provisions 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 o r agrees to insure by any contractual agreement normal to its operations. 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: 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 o r 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, and cyclones), snow, rain, or hail is concerned a single event shall mean o ne 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 an 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. Any builders' risks, renovations, repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 4 of 14 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, inherent vice or latent defect. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 5of14 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. 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; 6. 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over $5,000,000 the Company will charge an additional premium. For Property with values under $5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will provide the Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1St of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 6 of 14 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 7 of 14 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 8 of 14 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 (30) 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 9 of 14 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 10 of 14 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. 26. 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. 27. 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. 28. 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 Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy.. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 11 of 14 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 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 12 of 14 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. 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 13 of 14 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 a direct result of physical loss or damage by fire, lightning, 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 damage 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 Policy Term: January 1, 2024 to January 1, 2025 Page 14 of 14 ENDORSEMENT A EXCESS CLAUSE 1 EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non - concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 C In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects those perils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Lincoln 2 Archuleta 27 Logan 3 Baca 28 Mineral 4 Bent 29 Moffat 5 Chaffee 30 Montezuma 6 Cheyenne 31 Montrose 7 Clear Creek 32 Morgan 8 Conejos 33 Otero 9 Crowley 34 Ouray 10 Custer 35 Park 11 Delta 36 Phillips 12 Dolores 37 Prowers 13 Elbert 38 Pueblo 14 Fremont 39 Rio Blanco 15 Garfield 40 Rio Grande 16 Gilpin 41 Routt 17 Grand 42 Saguache 18 Gunnison 43 San Juan 19 44 San Miguel Hinsdale 20 45 Sedgwick Huerfano 21 Jackson 46 Summit 22 Kiowa 47 Teller 23 Kit Carson 48 Washington 24 Lake 49 Yuma 25 Las Animas ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Equipment Breakdown 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, 2024 to January 1, 2025 GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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 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; 10. Evidence of debt; 11. 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: 11. 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; 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; Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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. Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. N O WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. S UIT AGAINST THE COMPANY N o suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Pad, the term loss or damage is changed to Loss. ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2 SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued By (Name of Insurance Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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). Page 1 of 1 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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 pad 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 2 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 c) by using or increasing operations elsewhere, then such possible reduction shall be taken into account in arriving at the amount of loss hereunder. 3 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage 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 Direct Physical Loss or Damage occurred. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of US$25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. NMA2343 24/11/1988 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 WAR AND TERRORISM EXCLUSION ENDORSEMENT N otwithstanding 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. N MA2918 08/10/2001 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. TRADE AND ECONOMIC SANCTIONS ENDORSEMENT This endorsement modifies the insurance provided under the following: ALLIED WORLD ASSURANCE COMPANY (U.S.) INC., - BROKER FORM It is understood and agreed that this Policy is amended as follows: The Insurer shall not be deemed to provide cover nor be liable to pay any claim or provide any benefit under this Policy to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Insurer to any sanction, prohibition or restriction, including under United Nations resolutions, or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom, or United States of America. It is understood and agreed that to the extent any coverage may otherwise be provided under this Policy and its endorsements, the provisions of this endorsement will be applicable and will supersede any such other provisions. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE CP 00243 00 (08/22) Page 1 of 1 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. PROPERTY MILLENNIUM ENDORSEMENT It is noted and agreed this Policy is hereby amended as follows: A The Insurer will not pay for Damage or Consequential Loss directly or indirectly caused by, consisting of, or arising from, the failure of any computer, data processing equipment, media microchip, o perating systems, microprocessors (computer chip), integrated circuit or similar device, or any computer software, whether the property of the Insured or not, and whether occurring before, during o r after the year 2000 that results from the inability to: 1 correctly recognize any date as its true calendar date; 2 capture, save, or retain, and/or correctly manipulate, interpret or process any data or information or command or instruction as a result of treating any date other than its true calendar date; and/or 3 capture, save, retain or correctly process any data as a result of the operation of any command which has been programmed into any computer software, being a command which causes the loss of data or the inability to capture, save, retain or correctly process such data on or after any date. B It is further understood that the Insurer will not pay for the repair or modification of any part of an e lectronic data processing system or its related equipment, to correct deficiencies or features of logic o r operation. C It is further understood that the Insurer will not pay for Damage or Consequential Loss arising from the failure, inadequacy, or malfunction of any advice, consultation, design, evaluation, inspection, installation, maintenance, repair or supervision done by the Insured or for the Insured or by or for others to determine, rectify or test, any potential or actual failure, malfunction or inadequacy described in A. above. Such Damage or Consequential Loss described in Al B, or C above, is excluded regardless of any other cause that contributed concurrently or in any other sequence. This endorsement shall not exclude subsequent Damage or Consequential Loss, not otherwise excluded, which itself results from a Defined Peril. Defined Peril shall mean fire, lightning, explosion aircraft or vehicle impact, falling objects, windstorm, hail, tornado, hurricane, cyclone, riot, strike, civil commotion, vandalism, malicious mischief, earthquake, volcano, tsunami, freeze or weight of snow. In consequence of all the foregoing the Annual Premium remains unaltered. All other terms and conditions of this Policy remain unchanged. Atti4. AUTHORIZED REPRESENTATIVE PEN 0012 99 (03/21) Page 1 of 1 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. WAR RISK AND TERRORIST EXCLUSION It is hereby understood and agreed, that notwithstanding any other war risk or terrorist exclusion that may be in the Policy or any clause limiting or attempting to limit the application of any endorsements to the Policy, this Policy is amended as follows: The Policy does not cover loss or damage to property caused by, resulting from, contributed to or aggravated by any of the following perils, whether such loss or damage is accidental or intentional, intended or unintended, direct or indirect, proximate or remote or in whole or in part caused by, contributed to or aggravated by any perils insured by the Policy: 1. war, hostile or warlike action in time of peace or war, whether or not declared, including action in hindering, combating or defending against an actual, impending or expected attack: a. by government or sovereign power (de jure or de facto) or by any authority maintaining or using military, naval or air forces; or b. by military, naval or air forces; or c. by an agent of any such government, power, authority or force; 2. any weapon of war employing atomic fission or radioactive force whether in time of peace or war, whether or not its discharge was accidental; 3. insurrection, rebellion, revolution, civil war, usurped power, or action taken by government authority in hindering, combating, or defending against such an occurrence, seizure or destruction; 4. any act of one or more persons, whether known or unknown and whether or not agents of a sovereign power, for Terrorist purposes; 5. hijacking or any unlawful seizure or wrongful exercise or control of any mode of transportation, including but not limited to aircraft, watercraft, truck(s), train(s) or automobile(s), including any attempted seizure of control, made by any person or persons, for Terrorist purposes. Such loss or damage is excluded regardless of any other cause, event or intervention that contributes concurrently or in any sequence to the loss or damage. Terrorist purpose means the use or threatened use of any unlawful means, including the use of force or violence against any person(s) or property (ies), for the actual or apparent purpose of intimidating, coercing, punishing or affecting society or some portion of society or government. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0013 99 (03/21) Page 1 of 1 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. POLLUTION, CONTAMINATION, DEBRIS REMOVAL EXCLUSION ENDORSEMENT 1. Property Not Covered This Policy does not cover land, land values or water. 2. Pollution and Contamination Exclusion. This Policy does not cover loss or damage caused by, resulting from, contributed to or made worse by actual, alleged or threatened release, discharge, escape or dispersal of CONTAMINANTS or POLLUTANTS, 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. Nevertheless, if fire is not excluded from this Policy and a fire arises directly or indirectly from seepage or contamination or pollution, any loss or damage insured under this Policy arising directly from that fire is insured, subject to the provisions of this Policy. CONTAMINANTS OR POLLUTANTS means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste, which after its release can cause or threaten damage to human health or human welfare or causes or threatens damage, deterioration, loss of value, marketability or loss of use to property insured hereunder, including, but not limited to, bacteria, fungi, virus, or hazardous substances as listed in the Federal Water, Pollution Control Act, Clean Air Act, Resource Conservation and Recovery Act of 1976, and Toxic Substances Control Act or as designated by the U. S. Environmental Protection Agency. Waste includes materials to be recycled, reconditioned or reclaimed. This exclusion shall not apply when loss or damage is directly caused by fire, lightning, aircraft Impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm, hail, vandalism, malicious mischief. This exclusion shall also not apply when loss or damage is directly caused by leakage or accidental discharge from automatic fire protective systems. 3. Asbestos Exclusions This Policy does not cover: a. Asbestos, dioxin or polychlorinated biphenols (hereinafter all referred to as "Materials") removal from any good, product or structure unless the asbestos is itself damaged by fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm or hail, vandalism, malicious mischief, leakage or accidental discharge from automatic fire protective system; b. Demolition or increased cost of reconstruction, repair, debris removal or loss of use necessitated by the enforcement of any law or ordinance regulating such Materials; c. Any governmental direction or request declaring that such Materials 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. PEN 0014 99 (03/21) Page 1 of 2 The coverage afforded does not apply to payment for the investigation or defense of any loss, damage or any cost, loss of use expense, fine or penalty or for any expense or claim or suit related to any of the above. 4. Debris Removal Exclusion The Company will pay the expense within the sum insured to remove debris of insured property damaged or destroyed by an insured peril during the Policy term. The Company will not pay the expense to: a. Extract contaminants or pollutants from the debris; or b. Extract Contaminants or pollutants from land or water; or c. Remove, restore or replace contaminated or polluted land or water; or d. Remove or transport any property or debris to a site for storage or decontamination required because the property or debris is affected by pollutants or contaminants, whether or not such removal, transport, or decontamination is required by law or regulation. It is a condition precedent to recovery under this extension that the Company shall have paid or agreed to pay for direct physical loss or damage to the property insured hereunder and that the Insured shall give written notice to the Company of intent to claim for cost of removal of debris or cost to clean up not later than 180 days after the date of such physical loss or damage. 5. Authorities Exclusion Notwithstanding any of the provisions of this Policy, the Company shall not be liable for loss, damage, 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. AUTHORIZED REPRESENTATIVE PEN 0014 99 (03/21) Page 2 of 2 This endorsement, effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: ALLIED WORLD ASSURANCE COMPANY (U.S.), INC. MOLD / FUNGUS EXCLUSION In consideration of the premium charged, it is hereby understood and agreed that this policy is amended as follows. The Company shall not be liable for any loss or damage caused by, arising out of, contributed to, or resulting from fungus, mold(s),mildew or yeast; or any spores or toxins created or produced by or emanating from such fungus, mold(s), mildew or yeast; a) fungus includes, but is not limited to, any of the plants or organisms belonging to the major group fungi, lacking chlorophyll, and including mold(s), rusts, mildews, smuts and mushrooms; b) molds) includes, but is not limited to, any superficial growth produced on damp or decaying organic matter or on living organisms, and fungi that produce mold(s); c) spores means any dormant or reproductive body produced by or arising or emanating out of any fungus, mold(s), mildew, plants, organisms or microorganisms, However, this exclusion shall not apply when the loss or damage is directly caused by a "Specified Covered Peril" and provided that such loss or damage is reported to the company within 12 months from the expiration date of the policy. "Specified Covered Peril", as used above, means: fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicles, riot or civil commotion, vandalism, leakage from fire extinguishing systems, falling objects, weight of snow or ice or sleet, water damage. All other terms, conditions, definitions, exclusions, limitations and provisions of the Policy remain the same. PEN 0015 99 0609 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. DATA CORRUPTION ENDORSEMENT It is noted and agreed that this policy is hereby amended as follows: The Insurer will not pay for Damage or Consequential loss directly or indirectly caused by, consisting of, or arising from: 1. Any functioning or malfunctioning of the internet or similar facility, or of any intranet or private network or similar facility, 2. Any corruption, destruction, distortion, erasure or other loss or damage to data, software, or any kind of programming or instruction set, 3. Loss of use or functionality whether partial or entire of data, coding, program, software, any computer or computer system or other device dependent upon any microchip or embedded logic, and any ensuing liability or failure of the Insured to conduct business. This Endorsement shall not exclude subsequent damage or Consequential loss, not otherwise excluded, which itself results from a Defined Peril. Defined Peril shall mean: Fire, Lightning, Earthquake, Explosion, Falling Aircraft, Flood, Smoke, Vehicle Impact, Windstorm or Tempest. Such Damage or Consequential loss described in 1, 2, or 3 above is excluded regardless of any other cause that contributed concurrently or in any other sequence. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0016 99 (06/09) Page 1 of 1 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. SPECIAL CATASTROPHE EARNED PREMIUM PROVISION ENDORSEMENT 1. If this Policy is canceled by the insured or if the amount of insurance on any Tier 1 location is reduced, and no coverage existed from June 1 to November 30, the return premium is 90% of the pro -rata subject to any minimum earned premium stipulations in the Policy. 2. If coverage existed on any Tier 1 location at any time during the period from June 1 to November 30, the amount of premium returned will be a percentage of the total premium determined as follows: Days Policy in Force Unearned Factor 1 - 180 181-210 211-240 241 - 270 271 - 300 301 - 330 331 - 365 20% 15% 10% 7.50% 5% 2.50% 0% 3. If Tier 1 locations are added during the term of the Policy, the rate will be calculated as 100% of the annual rate, less the Unearned Factor in Item 2 above. 4. The provisions of this endorsement are in addition to and do not alter any minimum earned premium provisions in the Policy or its attachments. 5. All reference herein to "Tier I", "Tier I Windstorm" or similar "Tier I" references, shall be defined as all locations situated within Tier I States or Counties or Parishes as specified below: Alabama: Baldwin, Mobile; Florida: Entire State of Florida; Georgia: Bryan, Camden, Chatham, Glynn, Liberty, McIntosh; Louisiana: Cameron, Iberia, Jefferson, Lafourche, Orleans, Plaquemines, St. Mary, St. Bernard, St. Tammany, Terrebonne, Vermilion; Mississippi: Hancock, Harrison, Jackson; North Carolina: Beaufort, Bertie, Brunswick, Camden, Carteret, Chowan, Craven, Currituck, Dare, Hyde, New Hanover, Onslow, Pamlico, Pasquotank, Fender, Perquimans, Tyrrell, Washington; South Carolina: Beaufort, Berkeley, Charleston, Colleton, Georgetown, Horry, Jasper; Texas: Aransas, Brazoria, Calhoun, Cameron, Chambers, Galveston, Harris, Jackson, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Orange, Refugio, San Patricio, Victoria, Willacy; PEN 0017 99 (03/21) Page 1 of 2 Virginia: Accomack, Chesapeake, Essex, Gloucester, Hampton, Isle of Wight, James City, King George, Lancaster, Mathews, Middlesex, Newport News, Norfolk, Northampton, Northumberland, Poquoson, Portsmouth, Richmond, Stafford, Suffolk, Surry, Virginia Beach, Westmoreland, Williamsburg, York. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0017 99 (03/21) Page 2 of 2 This endorsement, effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. NEWLY ACQUIRED LOCATIONS LIMITATION It is understood and agreed that the addition of newly acquired locations within Tier I Wind Zones, as defined below, or within Zone A or V Flood areas, or within California Earthquake Zones A or B, is not permitted without prior written approval and pricing by Allied World Assurance Company (U.S.), Inc. All reference herein to "Tier I", "Tier I Windstorm" or similar "Tier I" references, shall be defined as all locations situated within Tier I States or Counties or Parishes as specified below: Alabama: Baldwin, Mobile; Florida: Entire State of Florida; Georgia: Bryan, Camden, Chatham, Glynn, Liberty, McIntosh; Louisiana: Cameron, Iberia, Jefferson, Lafourche, Orleans, Plaquemines, St. Mary, St. Bernard, St. Tammany, Terrebonne, Vermilion; Mississippi: Hancock, Harrison, Jackson; North Carolina: Beaufort, Bertie, Brunswick, Camden, Carteret, Chowan, Craven, Currituck, Dare, Hyde, New Hanover, Onslow, Pamlico, Pasquotank, Fender, Perquimans, Tyrrell, Washington; South Carolina: Beaufort, Berkeley, Charleston, Colleton, Georgetown, Horry, Jasper; Texas: Aransas, Brazoria, Calhoun, Cameron, Chambers, Galveston, Harris, Jackson, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Orange, Refugio, San Patricio, Victoria, Willacy; Virginia: Accomack, Chesapeake, Essex, Gloucester, Hampton, Isle of Wight, James City, King George, Lancaster, Mathews, Middlesex, Newport News, Norfolk, Northampton, Northumberland, Poquoson, Portsmouth, Richmond, Stafford, Suffolk, Surry, Virginia Beach, Westmoreland, Williamsburg, York. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0018 99 (03/21) Page 1 of 1 This endorsement, effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. Priority of Payments In the event of loss caused by or resulting from more than one peril, and/or interest the limit of liability of the primary coverage shall apply first to the perils and/or interest not insured by this policy and the remainder, if any, to the perils and/or interest insured hereunder. Upon exhaustion of the limit of liability of the primary coverage, this policy shall then be liable for the loss uncollected from the perils and/or interest insured hereunder, subject to the limit of liability and other terms and conditions specified herein. The Insured maintains the right to allocate and/or apply coverage for perils and/or interests, as insured in the primary and/or excess layers. PEN 0027 99 0609 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. JOINT LOSS ADJUSTMENT AGREEMENT ENDORSEMENT A. In the event of damage to or destruction of property, at a location designated in this agreement and also designated in boiler insurance policies and there is disagreement between the insurers with respect to 1. whether such damage or destruction was caused by a loss insured against by this Policy or by a peril insured against by such boiler insurance policies, or the extent of participation of this agreement and of such boiler insurance policies in a loss which may be insured against, partially or wholly, by any or all of said policies. B. The Company shall, upon written request of the Insured, pay to the Insured one-half of the amount of the loss which is in disagreement, but in no event more than the Company would have paid if there had been no boiler insurance policies in effect, subject to the following conditions: 1. The amount of the loss which is in disagreement is limited to the minimum amount remaining payable under either the boiler or fire policies after making provision for any undisputed claims payable under the said policies and after the amount of the loss is agreed upon by the Insured and the insurers; The boiler insurers shall simultaneously pay to the Insured one-half of said amount which is in disagreement; 3 The boiler insurers agree with the fire insurers to submit the questions in dispute to arbitration, the arbitrators, shall be three in number, one of whom shall be appointed by the boiler insurers and one of whom shall be appointed by the fire insurers and the third one of whom shall be appointed by consent of the other two, and the decision by the arbitrators shall be subject to appeal to the appropriate court or courts; 4 Acceptance by the Insured of sums paid pursuant to the provisions of this endorsement shall not operate to alter, waive, surrender or in any way affect the rights of the Insured against any of such insurers; 5 The provisions of this endorsement shall not apply unless such other policies issued by the boiler insurance companies are similarly endorsed; PEN 0046 99 (03/21) Page 1 of 2 6 If the Company participates for an amount less than one hundred percent (100%) of the fire insurance applicable to a disputed loss as described above, then the Company shall be liable only for its pro -rata share of the fire insurers' portion of the amount of loss which is in disagreement as defined in this Joint Loss Adjustment Agreement. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0046 99 (03/21) Page 2 of 2 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. CYBER EXCLUSION It is agreed that this Policy is amended as follows: A. The following additional exclusion is added to this Policy: This Policy does not insure against any loss, damage, liability, cost or expense either directly or indirectly caused by, arising out of, contributed to, attributable to, or resulting from any of the following cyber incidents/events as set forth in the following provisions 1. through 8. below: 1. Damage to or Loss of Data occurring on the Insured's Computer Systems; 2. Computer Malicious Act on the Insured's Computer Systems; 3. Computer Malware on the Insured's Computer Systems; 4. a Human Error affecting the Insured's Computer Systems; 5. System Failure occurring on the Insured's Computer Systems; 6. a Defect of the Insured's Computer Systems; 7. a Cyber Extortion; or 8. Cyber War. Such loss, damage, liability, cost or expense is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, liability, cost or expense, including any Specified Covered Peril/specified coverage peril. The cyber incidents/events excluded above apply to all coverages and sections of this Policy. These exclusions apply whether or not the cyber incident/event results in widespread damage or affects a substantial area. B. The boldfaced, capitalized terms used in this Cyber Exclusion endorsement shall have the following meanings and the singular shall include the plural and vice versa: Computer Malicious Act means any wrongful act carried out through the use of Data, Computer Systems or Computer Networks. The term Computer Malicious Act shall also encompass a Denial of Service Attack. Computer Malware means any hostile or intrusive software, including computer viruses, spyware, computer worms, trojan horses, rootkits, ransomware, keyloggers, dialers, spyware, adware, malicious browser helper objects and rogue security software, designed to infiltrate and disrupt computer operations, gather sensitive information, or gain access to Computer Systems without consent. Computer Network means a group of Computer Systems and other computing hardware devices or network facilities connected via a form of communications technology, including the internet, intranet and virtual private networks (VPN), allowing the networked computing devices to exchange Data. PEN 0104 99 (03/21) Page 1 of 3 Computer Systems means the information technology (IT), industrial process control or communications systems, as well as any other item or element of hardware including, but not limited to, information technology infrastructure, software or equipment that is designed to be used for the purpose of creating, accessing, processing, protecting, monitoring, storing, retrieving, displaying or transmitting Data. The term Computer Systems shall also include information technology devices such as laptops, external drives, CD-ROMs, DVD-ROMs, magnetic tapes, magnetic disks or USB sticks that are used in Data processing to record and store Data. Cyber Extortion means any unlawful and intentional use of a threat or series of threats by an extortionist against the Data on an Insured's Computer Systems or against the Insured's Computer Systems (including but not limited to a Denial of Service Attack) in order to extract a Cyber Extortion Ransom from the Insured by use of coercion. Cyber Extortion Ransom means anything of value, including money, or other property or services that the Insured is forced to pay or to provide to the extortionist or any other party. Cyber Terrorism means any disruptive act or series of disruptive acts or threat thereof of any person or group of persons, whether acting alone or on behalf of, or in connection with, any organization through the use of Computer Systems, to destruct, disrupt, subvert or make use of any Computer System, Computer Network, information technology infrastructure, the Internet, the Intranet, telecommunications and/or its content, committed for religious, ideological or political purposes including, but not limited to, the influencing of any government and/or to put the public or a section of the public in fear. Cyber War means any state of hostile conflict, whether declared or not, to resolve a matter of dispute between two or more states, nations, or political entities or organizations by using, wholly or partially, Computer Systems or the Internet, to render non-functional, disrupt, subvert or make disruptive use of any Computer System, Computer Network, information technology infrastructure, the Internet, the intranet, telecommunications and/or its content. Damage to or Loss of Data means any introduction, corruption, creation, modification, redirection, alteration or deletion of Data which, when stored or processed by a Computer System, may lead to an impaired, corrupted or abnormal functioning of the Computer Systems and/or the interruption or disruption of processing operations. Data means any information, irrespective of the way it is used or rendered including text, figures, voice, images or any machine readable data and including software or programs, which are being transmitted or are stored in a digital format outside the random access memory. For the avoidance of doubts the term Data shall not be considered as tangible property and shall not be covered under this Policy. Denial of Service Attack means any malicious attack leading to a total or partial deprivation, disruption and/or unavailability of Computer Systems or Computer Networks being altered or rendered temporarily or permanently non-functional or otherwise unavailable to anticipated users of such Computer Systems or Computer Networks through the deluging and overloading of Computer Systems with an incoming stream of requests or Data. The term Denial of Service Attack includes a distributed denial of service attack in which a multitude of compromised systems are used to coordinate a simultaneous attack as well as both volumetric and application specific attacks. Defects means any fault, defect, malfunction, error or omission in design, plan, specification, material or programming on or of the Insured's Computer Systems. PEN 0104 99 (03/21) Page 2 of 3 Employee means any natural person that performs services or provides labor in the service and on the premises of the Insured under an express or implied employment contract, under which the Insured has the right to control the details of work performance. The term Employee shall also include external staff hired by the Insured in order to provide information technology services working within the operational structure and under the functional authority of the Insured. Expert means any person with a high degree of skill in or knowledge of a certain subject, including but not limited to information technology specialists, lawyers, consultants or auditors. Human Error means any negligent or inadvertent information technology or operational technology (OT) operating error, including an error in the choice of software to be used, a set-up error or any improper information technology or operational technology operation carried out by an Employee of the Insured. Insured's Computer Systems means: 1. any Computer Systems under the control and management of the Insured that are owned, licensed or hired by the Insured; 2 any Computer Systems under the control and management of the Outsourcing Provider that are owned, licensed or hired by the Outsourcing Provider or the Insured; or 3 any Computer Systems under the control and management of a customer or supplier of the Insured that are owned, licensed or hired by the customer or supplier of the Insured. The aforementioned term "supplier" shall also include any electricity, cable, satellite, global positioning system (GPS) signal generation, propagation or reception, telecommunication or internet provider. Outsourcing Provider means any information technology service provider that is assigned by the Insured by written contractor by written contracts ultimately authorized by the Insured to offer information technology services including Data or Computer System management, Data storage and Data processing, software maintenance and/or development for the benefit of or at the request of the Insured on a Computer System that is controlled and managed by the information technology service provider. System Failure means an unintentional or unplanned, wholly or partially, outage, reduction in functionality, availability or operation of a Computer System not directly caused by a physical damage. It is understood that to the extent any coverage may otherwise be provided under this Policy and its endorsements, the provisions of this exclusion shall be applicable and shall supersede any such other provisions. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0104 99 (03/21) Page 3 of 3 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. COMMUNICABLE DISEASE EXCLUSION Notwithstanding any other provision of this Policy to the contrary, this Policy does not insure loss of any kind, including but not limited to, any loss of income, loss of use, loss of access, extra expense or consequential loss, directly or indirectly caused by, resulting from, contributed to by, arising out of, attributable to or occurring concurrently or in any sequence with a "communicable disease" or the fear or threat (whether actual or perceived) of a "communicable disease, including but not limited to: 1. the cost to clean-up, detoxify, remove, monitor or test: a. for a "communicable disease"; or b. any tangible or intangible property insured hereunder that is affected by such "communicable disease"; 2. damage, deterioration, loss of value, loss of access, loss of marketability, or loss of use of any tangible or intangible real or personal property directly or indirectly caused by, resulting from, contributed to by, arising out of or attributable to a "communicable disease"; or 3. any time element or business interruption losses, including any time element extensions of coverage such as interruption by civil or military authority directly or indirectly caused by, resulting from, contributed to by, arising out of or attributable to "communicable disease". As used herein, "communicable disease" means any infectious or contagious agent or substance: 1. Including, but not limited to, a virus, bacterium, parasite or other organism or any mutation thereof, whether deemed living or not, and the diseases caused by such; and Regardless of the method of transmission, that can cause or threaten damage to human health or human welfare. All other terms and conditions of this Policy remain unchanged. AUTHORIZED REPRESENTATIVE PEN 0111 99 (03/21) Page 1 of 1 This Endorsement, Effective 12:01 AM: 01/01/2024 Forms a part of Policy No.: 0312-1675-1A Issued to: Colorado Counties Casualty and Property Pool By: Allied World Assurance Company (U.S.), Inc. POLICYHOLDER DISCLOSURE STATEMENT UNDER THE TERRORISM RISK INSURANCE ACT The insured is hereby notified that under the federal Terrorism Risk Insurance Act, as amended, (the "Act"), the insured has a right to purchase insurance coverage for losses arising out of an Act of Terrorism, as defined in Section 102(1) of the Act: 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 of the United States in 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. The insured should read the Act for a complete description of its coverage. The decision to certify or not to certify an event as an Act of Terrorism covered by this law is final and not subject to review. The insured should know that where coverage is provided by this policy for losses caused by a Certified Act of Terrorism may be partially reimbursed by the United States Government under a formula established by federal law. However, the insured's policy may contain other exclusions that might affect coverage, such as an exclusion for nuclear events. Under the formula, the United States Government will generally reimburse 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 that must be met by the Company, and which deductible is based on a percentage of the Company s direct earned premiums for the year preceding the Certified Act of Terrorism. Be advised that the Terrorism Risk Insurance Act, as amended, contains a $100 billion cap on all losses resulting from Certified Acts of Terrorism. If aggregate insured losses attributable to Certified Acts of Terrorism exceed $100 billion in a calendar year the United States Government shall not make any payment for any portion of the amount of such loss that exceeds $100 billion. If aggregate insured losses attributable to Certified Acts of Terrorism exceed $100 billion in a calendar year and the Company has met its deductible under the Act, the Company shall not be liable for payment of any portion of the losses that exceeds $100 billion, and in such case, insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. Coverage for "insured losses" as defined in the Act is subject to the coverage terms, conditions, amounts and limits in this policy applicable to losses arising from events other than Certified Acts of Terrorism. The insured should know that under federal law, the insured is not required to purchase coverage for losses caused by Certified Acts of Terrorism. Unless the insured signs this form and returns it to the Company to indicate the insured's rejection of Terrorism Coverage under the Federal Act, the insured will be covered for Terrorism as defined in the Act and the premium for that coverage is $ The insured hereby rejects coverage in accordance with the Act. Signature of Insured Print Name/Title Date PEN 0700 (03/21) Page 1 of 1 RISK PLACEMENT IL SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: Apr 18, 2024 Attn: AJG - Centennial - Risk Mgmt Insured: Colorado Counties Casualty and Property Pool Policy #: D38095432 007 Carrier: Westchester Surplus Lines Insurance Company Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 Westchester Surplus Lines Insurance Company 11575 Great Oaks Way Suite 200 Alpharetta , GA 30022 NOTICE POLICY NO. D38095432 007 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. WSG-084 (05/11) CHUBB X Illinois Union Insurance Company Westchester Surplus Lines Insurance Company Insured: Colorado Counties Casualty and Property Pool c/o CTSI, 800 Grant Street, Suite 400, Denver, CO, 80203 Attached To Policy No.: D38o95432 007 Effective Date: 01/01/2024 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) 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 NOTICE IS ATTACHED OTHER THAN AS STATED ABOVE. SL -17889 (Ed. 09/12) Page 1 of Common Policy Declarations Policy Number: D38095432 007 Named Insured & Mailing Address: Colorado Counties Casualty and Property Pool c/o CTSI, 800 Grant Street, Suite 400, Denver, CO, 80203 General Policy Information Business Description: When Coverage Begins: 01/01/2024 12:01 A.M. Local Time At The Location Of Covered Property When Coverage Ends: 01/01/2025 12:01 A.M. Local Time At The Location Of Covered Property 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. Placed by: Risk Placement Services, Inc. Fi/es fr/i ester A i_'hubb Company Company Name: Westchester Surplus Lines Insurance Company Producer's Name & Address: RISK PLACEMENT SERVICES INC GEORGIA 400 BUSINESS CENTER 2400 LAKEVIEW PKWY SUITE 675 ALPHARETTA, GA 30009 General Government, Not Elsewhere Classified The premium for this policy is indicated below. Total Premium: Premium : $ 450 000.00 Total Assessments, Fees, Surcharges, Taxes: CO Surplus Lines Tax : $ 13,500.00 Total Amount Due: $ Total Charges : $ 463,500.00 Minimum Earned Premium: Attached Forms Information 450,000 0 450,000 112,500 See Forms Schedule CPfs2-PA Authorization Information Date: 03/20/2024 JOHN J. LLJPIC A.. Frpiciderit Authorized Representative Internal Reference Number: 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'. HEN Surplus Lines Licensed Producer 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. BB-5W58a-PA (05/21) ©Chubb. 2018. All rights reserved. Page 1 of Forms Schedule Company: Westchester Surplus Lines Insurance Company SYM: FS Policy ID: D38o95432 007 Policy Period When Coverage Begins: 01/01/2024 12:01 A.M. Local Time At The Location of Covered Property When Coverage Ends: 01/01/2025 12:01 A.M. Local Time At The Location of Covered Property Applicable to all Coverage Parts SL -17889 (Ed. 09/12) - Colorado Surplus Lines Notification BB-5W58a -PA (05/21) - Common Policy Declarations Colorado Counties Casualty and Property Pool Manuscript Policy Form ACEo210 (01/08) - Nuclear, Biological, Chemical, Radiological Exclusion Endorsement ACEo61(08/18) - Asbestos Material Exclusion (Named Peril Exception) ACEo934 (05/22) - Additional Policy Conditions Endorsement ACEo990 (02/21) - Participation Clause ACE1o22 (03/21) - First Named Insured Conditions Endorsement ACE1o37 (08/21) - Appraisal Clause ACE126 (10/14) - Electronic Data Amendment Endorsement AGP-53329a (04/20) - Exclusion Of Loss Due To Virus, Bacteria or Microorganism That Induce Physical Distress, Illness Or Disease ALL -10750 (01/15) - Terrorism Exclusion Endorsement SL -34255b (04/23) - Service of Suit Endorsement TRIA24a (08/20) - Policyholder Disclosure Notice of Terrorism Insurance Coverage ACEo745 (03/21) - Certificate Of Insurance - Automatic Additional Insured And Loss Payee Endorsement MA -608255p (04/15) - Claims Directory Property and Inland Marine 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 LD-55231 (04/22) - Signature Endorsement CPfs2-PA (05/21) Page 1 oh 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. 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 — 90 Days from the date of acquisition; 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. Any Builders' Risks, Renovations, Repairs with total contract costs over $5,000,000 are not covered under this extension. Page 1 of 14 $ 1,000,000 $ 500,000 J. $ 250,000 K. $ 250,000 L. $ 2,500,000 M. $ 100,00 N. $ 50,000 0 $ 10,000,000 P. $ 10,000,000 a $ 1,000,000 R. $ 1,000,000 S. $ 10, 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 Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum Unnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense Property in Transit 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 BB. $ CC. $ 100,000 100,000 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 Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement 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. Page 2 of 14 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 $1,000,000 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 ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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. , Page 3 of 14 Definitions/Provisions 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 o r agrees to insure by any contractual agreement normal to its operations. 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: 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 o r 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, and cyclones), snow, rain, or hail is concerned a single event shall mean o ne 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 an 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. Any builders' risks, renovations, repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 4 of 14 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, inherent vice or latent defect. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 5of14 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. 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; 6. 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over $5,000,000 the Company will charge an additional premium. For Property with values under $5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will provide the Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1St of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 6 of 14 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 7 of 14 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 8 of 14 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 (30) 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 9 of 14 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 10 of 14 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. 26. 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. 27. 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. 28. 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 Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy.. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 11 of 14 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 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 12 of 14 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. 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 13 of 14 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 a direct result of physical loss or damage by fire, lightning, 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 damage 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 Policy Term: January 1, 2024 to January 1, 2025 Page 14 of 14 ENDORSEMENT A EXCESS CLAUSE 1 EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non - concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 C In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects those perils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Lincoln 2 Archuleta 27 Logan 3 Baca 28 Mineral 4 Bent 29 Moffat 5 Chaffee 30 Montezuma 6 Cheyenne 31 Montrose 7 Clear Creek 32 Morgan 8 Conejos 33 Otero 9 Crowley 34 Ouray 10 Custer 35 Park 11 Delta 36 Phillips 12 Dolores 37 Prowers 13 Elbert 38 Pueblo 14 Fremont 39 Rio Blanco 15 Garfield 40 Rio Grande 16 Gilpin 41 Routt 17 Grand 42 Saguache 18 Gunnison 43 San Juan 19 Hinsdale 44 San Miguel 20 Huerfano 45 Sedgwick 21 Jackson 46 Summit 22 Kiowa 47 Teller 23 Kit Carson 48 Washington 24 Lake 49 Yuma 25 Las Animas ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Equipment Breakdown 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, 2024 to January 1, 2025 GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 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; io. Evidence of debt; 11. 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: 11. 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; 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 2 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 2 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. N O WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. S UIT AGAINST THE COMPANY N o suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Pad, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in pad caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Pad, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Pad, the term loss or damage is changed to Loss. ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a pad of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2 SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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). Page 1 of 1 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ILP0010104 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. CONDITIONS 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. 2 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, Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. 3 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage 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 Direct Physical Loss or Damage occurred. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of US$25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. NMA2343 24/11/1988 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 WAR AND TERRORISM EXCLUSION ENDORSEMENT N otwithstanding 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 anyway 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. N MA2918 08/10/2001 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy 01/01/2024 Period to 01/01/2025 Effective Date of Endorsement Issued By Westchester (Name of Insurance Surplus Company) 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss. ACE 0210 (01/08) ©Chubb. 2016. All rights reserved. Page 1 of 1 14/es tch eStL'i" A Chubb Company ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement D38095432 007 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. ACEo6i (08/18) Page 1 of 1 Westchester A Chubb Company ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Insured Counties Casualty and Property Pool Endorsement Number Colorado Policy Symbol FS Policy Number D38095432 OO7 Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement Issued Westchester By (Name of Insurance Surplus Company) Lines Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. As respects the participation of Westchester Surplus Lines Insurance Company (herein the "Company"), the following changes are hereby made to the Colorado Counties Casualty and Property Pool Manuscript Policy Form, including any endorsements thereto which are not Westchester Surplus Lines Insurance Company endorsements (herein "the coverage form"). It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. NAMED INSURED This Policy insures the entity identified as the "First Named Insured" in the header of this endorsement and any entity in which the First Named Insured: a. owns an interest of more than 5o percent during the term of this Policy, b. controls during the term of this Policy, or c. has the responsibility of placing the insurance provided by this Policy during the term of this Policy. No entity is covered under this Policy unless the Company has received identifying information for such entity during the application or submission process, except if such entity is covered under any extension of coverage for Miscellaneous Unnamed Insured Locations, Newly Acquired Property, or Automatic Coverage, or if such entity is added by endorsement. At the request of the First Named Insured and pursuant to certain provisions of this Policy, the insurance afforded by this Policy may extend to the interests of one or more third parties. Such third party may be added to this Policy as an "insured," "named insured," "additional named insured," "additional insured," "loss payee," "mortgagee" or "lender loss payee," or a third party may qualify for coverage of their interests under one more provisions of this Policy without being specifically identified by name. (Whether such parties' interests are covered by this Policy shall be determined according to the applicable terms and conditions of this Policy and nothing in the conditions of this endorsement shall be construed to grant such status or extend such coverage.) Regardless of such other parties' interests insured under this Policy, if any, this Policy constitutes an agreement exclusively between the Company and the First Named Insured, who shall always during the term of this Policy be the sole owner of this Policy. The First Named Insured shall be solely responsible for the payment of all premiums due to the Company and will be the payee for any return premiums due from the Company. Only the First Named Insured is authorized to make changes to the terms of this Policy, with the Company's consent. The First Named Insured is the only insured party who may cancel this Policy. No other party whose interests are insured under this Policy may cancel this Policy. The Company is obliged to send all notices and communications to the First Named Insured only, including but not limited to notices of cancellation and non -renewal. Sending such notices and communications to the First Named Insured shall constitute notice to all parties who interests are insured under this Policy unless a specific endorsement to this Policy, agreed to and issued by the Company, states that a specific policy notice shall be sent to another party whose interests are insured under this Policy. ACEo934 (05/22) Page 1 of 3 (317716) Westchester A Chubb Company LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. NO AUTOMATIC REINSTATEMENT Any clause of the coverage form whereby the Policy shall be reinstated upon receipt of a premium payment after the effective date of cancellation is hereby deleted. REQUIREMENTS IN THE EVENT OF LOSS In addition to those requirements set forth elsewhere in this Policy, in the event of loss, the Insured will: A. give a signed and sworn proof of loss to the Company within 3o days after the loss on forms to be provided by the Company, unless that time is extended in writing by the Company. The proof of loss must state the knowledge and belief of the Insured as to: 1. the time and origin of the loss. 2. the Insured's interest and that of all others in the property. 3. the Actual Cash Value and replacement value of each item and the amount of loss to each item; all encumbrances; and all other contracts of insurance, whether valid or not, covering any of the property. 4. any changes in the title, use, occupation, location, possession, or exposures of the property since the effective date of this Policy. 5. by whom and for what purpose any Insured Location was occupied on the date of loss, and whether or not it then stood on leased ground. B. As often as may be reasonably required, submit to examination under oath by any person designated by the Company, while not in the presence of any other Insured, about any matter relating to this insurance or the claim, and sign the written records of examinations. VALUATION - PERIOD OF TIME TO REPAIR, REBUILD OR REPLACE If the coverage form provides that the Company shall not be liable for more than the actual cash value of damaged property in the event that such property is not repaired, rebuilt or replaced, such provision of the coverage form is amended to provide as follows: As respects any covered property valued by this Policy at the cost to repair, rebuild or replace, if lost or damaged property is not repaired, rebuilt or replaced within two (2) years after loss or damage, the Company shall not be liable for more than the actual cash value at the time of loss of the property damaged or destroyed. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. ACEo934 (05/22) (317716) Page 2of3 Westchester A Chubb Company LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. SUBROGATION The following condition is added to the subrogation clause of the coverage form or, if no such clause exists, is hereby added to the Policy: In the event the Company initiates any subrogation proceedings arising from a loss payment made under this Policy, the Insured is required to cooperate in any such subrogation proceedings. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. NO FINANCIAL DOWNGRADE CANCELLATION Any Financial Downgrade clause or other similar clause of the coverage form whereby this Policy may be canceled by the Named Insured due to a financial strength rating downgrade of the Company by A.M. Best or other similar rating agency is hereby deleted. NO POLICY AUTHORS Any Policy Authors clause or other similar clause of the coverage form whereby provisions of the coverage form are deemed to have been drafted by the Company is hereby deleted. CONCEALMENT, MISREPRESENTATION OR FRAUD A. By accepting this Policy, the First Named Insured agrees: 1. The statement and warranties in this Policy, including, but not limited to, warranties contained within the Policy forms, and any statements in the Declarations are accurate and complete; 2. Those statements and warranties constitute representations made by the First Named Insured shown on the Declarations made to the Company; and 3. The Company has issued the Policy in reliance upon those representations. B. This entire Policy is void in any case of fraud by the First Named Insured as it relates to this Policy at any time. It is also void if, before or after a loss, the First Named Insured or any other Insured has: 1. Willfully concealed or misrepresented any material fact or circumstance concerning this insurance, the subject thereof, any insurance claim, or the interest of an Insured; 2. Made any attempt to defraud the Company; or 3. Made any false swearing. ASSIGNMENT The Insured's rights and duties under this Policy cannot be assigned without the Company's prior written consent. In the absence of such consent, any such assignment or delegation will be null and void. All other terms and conditions remain unchanged. ACEo934 (05/22) (317716) Page 3 of 3 Westchester A Chubb Company PARTICIPATION CLAUSE Named Insured Counties Casualty and Property Pool Endorsement Number Colorado Policy Symbol FS Policy Number D38o95432 007 Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement Issued Westchester By (Name of Insurance Surplus Company) 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 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 Company Lines Insurance "Company" Policy Number/Reference D38o95432 007 "Company" Participation io% - $2,500,000 Per Occurrence Part of $25,000,000 Per Occurrence "Company" Premium $450,000 All other terms and conditions remain unchanged. ACEo990 (02/21) (319045) Page 1 of i Westchester A Chubb Company FIRST NAMED INSURED CONDITIONS ENDORSEMENT Named Insured Counties Casualty and Property Pool Endorsement Number Colorado Policy Number D38095432 007 Policy Period 01/01/2024. to 01/01/2025 Effective Date of Endorsement Issued Westchester By Surplus Lines Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. The following provisions are added to this policy; supersede any term, provision or endorsement to the contrary in this policy; and apply notwithstanding such term, provision or endorsement: The First Named Insured is the party identified as such on the Declarations to this Policy and in the above "First Named Insured" field of this endorsement. At the request of the First Named Insured and pursuant to certain provisions of this Policy, the insurance afforded by this Policy may extend to the interests of one or more third parties. Such third party may be added to this Policy as an "insured," "named insured," "additional named insured," "additional insured," "loss payee," "mortgagee" or "lender loss payee," or a third party may qualify for coverage of their interests under one more provisions of this Policy without being specifically identified by name. (Whether such parties' interests are covered by this Policy shall be determined according to the applicable terms and conditions of this Policy and nothing in the conditions of this endorsement shall be construed to grant such status or extend such coverage.) Regardless of such other parties' interests insured under this Policy, if any, this Policy constitutes an agreement exclusively between the Company and the First Named Insured, who shall always during the term of this Policy be the sole owner of this Policy. The First Named Insured shall be solely responsible for the payment of all premiums due to the Company and will be the payee for any return premiums due from the Company. Only the First Named Insured is authorized to make changes to the terms of this Policy, with the Company's consent. The First Named Insured is the only insured party who may cancel this Policy. No other party whose interests are insured under this Policy may cancel this Policy. The Company is obliged to send all notices and communications to the First Named Insured only, including but not limited to notices of cancellation and non -renewal. Sending such notices and communications to the First Named Insured shall constitute notice to all parties who interests are insured under this Policy unless a specific endorsement to this Policy, agreed to and issued by the Company, states that a specific policy notice shall be sent to another party whose interests are insured under this Policy. The Company will adjust any loss with the First Named Insured and pay a claim to the First Named Insured and/or their designee, receipt of which will constitute a full release of the Company's liability under this Policy for the loss. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. ACE1O22 (O3/21) Page 1ofl Westchester A Chubb Company APPRAISAL CLAUSE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement D38095432 007 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. The following terms and conditions are added to the policy, supersede any term or condition to the contrary in the policy, and apply notwithstanding such contrary term or condition: If we and you disagree on the value of the property or the amount of loss, either party may request, in writing, an appraisal of the value of the property and/or the amount of loss. An appraisal may then take place only if the other party agrees in writing to participate in the appraisal process pursuant to terms of a written agreement between the parties. At a minimum, the written agreement between the parties will specify a protocol for the selection by each party of a disinterested, competent, and impartial appraiser (who does not have a financial interest in the claim and/or appraisal award, including a contingent interest in the outcome of the claim or appraisal award), the inspection of the property by the appraisers, the selection of an umpire, communications between and among the appraisers and umpire, specific itemization of each item in dispute, and an award form. If the parties cannot agree on a written agreement specifying the protocol, an appraisal will not take place. If appraisal moves forward, the two appraisers will select an umpire, who is disinterested, competent, and impartial. If the two appraisers cannot agree to an umpire within 15 days of either appraiser proposing one or more umpires, the two appraisers may jointly request that the selection of a competent and impartial umpire be made by a judge of a court in the county of the loss or damage. If either party to the appraisal, without notice to the other party, asks a judge to select an umpire, any such umpire selection shall be invalidated and the selection of a new umpire shall be required. If the appraisers do not agree to jointly request the appointment of an umpire, either the insurer or insured can unilaterally end the appraisal with written notice to the other. The appraisers will state separately the value of the property and amount of loss. Specific itemization of each item and amount in dispute is required, including, but not limited to, building -by - building, floor -by -floor, unit -by unit, and area -by -area allocation. If the appraisers fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: a. Pay its chosen appraiser; and b. Bear the other expenses of the appraisal and the umpire's fee equally. In connection with the appraisal proceeding, neither the appraisers nor the umpire shall have authority to decide questions of law. Neither the appraisers nor the umpire shall attempt to resolve any issue of insurance coverage, policy exclusions, compliance with the policy terms and conditions, or any issues concerning the Limits of Insurance available under the Policy. At any time after the request for appraisal, we will retain our right to demand compliance with all applicable Duties in the Event of Loss as described in this Policy. We may require completion of any of the Duties in the Event of Loss, or any other policy condition, prior to continuance of the appraisal proceeding. If there is an appraisal, we will still retain our right to deny the claim. Where applicable, the parties agree that during the pendency of an appraisal all required responses and cures to any Civil Remedy Notices are extended until 3o days after the appraisal is concluded. By voluntarily agreeing to the appraisal process, both parties acknowledge that there are irreconcilable differences that exist regarding the value of the property and/or the amount of loss. Since appraisal is voluntary, you are not required to submit to, or participate in, any appraisal of the loss as a precondition to ACE1o37 (08/21) Page 1of2 Westchester A Chubb Company action against us. We will pay for covered loss or damage within 3o days after we receive the sworn proof of loss, if you have complied with all of the terms of this policy; and a. We have reached agreement with you on the amount of loss; or b. An appraisal award has been made. All other terms and conditions remain unchanged. ACE1o37 (08/21) Page 2 of 2 ELECTRONIC DATA AMENDMENT ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy 01/01/2024 Period to 01/01/2025 Effective Date of Endorsement Issued Westchester By (Name of Insurance Surplus Company) 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 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 2of2 Westchester A Chubb Company EXCLUSION OF LOSS DUE TO VIRUS, BACTERIA OR MICROORGANISM THAT INDUCE PHYSICAL DISTRESS, ILLNESS OR DISEASE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement Issued Westchester By (Name of Insurance Surplus Company) Lines Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. The following exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: This Policy excludes any and all loss, damage, cost, or expense of any nature whatsoever directly or indirectly caused by or resulting from the following, regardless of any other cause or event, whether or not insured under this Policy, contributing concurrently or in any other sequence thereto: Any virus, bacteria or other microorganism that induces or is capable of inducing physical distress, illness or disease, or the fear or threat (whether actual or perceived) of any such virus, bacteria or microorganism, including any and all loss directly or indirectly caused by any action or inaction of the insured or any action or order of a government undertaken in response to, or intended to detect, control, prevent, suppress, mitigate or remediate, the actual, suspected, or anticipated presence of any virus, bacteria or other microorganism that induces or is capable of inducing physical distress, illness or disease. This exclusion does not apply to loss or damage caused by or resulting from moss or fungus (including mold and mildew), or any mycotoxins, spores, scents, or other by-products of fungi, if such loss or damage, including any exclusion thereof, is addressed in a separate provision elsewhere in this Policy. This exclusion supersedes any exclusion relating to pollutants or contaminants. Other policy provisions excluding coverage of loss due to virus, bacteria, or microorganism of a type other than that which induce or are capable of inducing physical distress, illness or disease remain in full force and effect. All other terms and conditions remain unchanged. Authorized Representative Authorized Representative AGP-53329a (04/20) Page 1 on TERRORISM EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy 01/01/2024 Period to 01/01/2025 Effective Date of Endorsement Issued By Westchester (Name of Insurance Surplus Company) 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 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 2of2 SERVICE OF SUIT ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy 01/01/2024 Period to 01/01/2025 Effective Date of Endorsement Issued Westchester By (Name of Insurance Surplus Company) 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: Natalie D'Amora, Esq., Managing 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 -34255b (04/23) CHUBB Westchester Surplus Lines Insurance Company Insurance Company Colorado Counties Casualty and Property Pool Policyholder D38095432 007 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 U nited 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 N UCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 80% 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 P ROVIDE 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 $45,000 , however you elected to decline such coverage. TRIA24a (08/20) Page 1 of1 Westchester A Chubb Company CERTIFICATES OF INSURANCE - AUTOMATIC ADDITIONAL INSURED AND LOSS PAYEE ENDORSEMENT Named Colorado Insured Counties Casualty and Pool Endorsement Number Property Policy Symbol Policy D3$095432 Number 007 Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement FS Issued Westchester By (Name of Insurance Surplus Company) 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 provisions are added to this policy and supersede and replace any conflicting provision in this Policy (including in any other endorsement hereto): A. Any Certificate of Insurance issued in connection with this Policy will be issued solely as a matter of convenience or information for the addressee(s) or holder(s) of said certificate. Certificates of Insurance do not amend, modify or alter any term or condition of this Policy. B. However, if, pursuant to a written agreement executed prior to a date of loss in question, the First Named Insured is required to add a person or entity to this Policy as an Additional Insured and Loss Payee (Loss Payee as used hereinafter includes a Mortgagee), then this Policy will be deemed to have been endorsed accordingly, subject to all other terms, conditions, limits of liability and exclusions of this Policy. Loss to Covered Property in which such Additional Insured and Loss Payee has an interest will be adjusted with the First Named Insured and payable jointly to the First Named Insured and such Additional Insured and Loss Payee. No written endorsement to this Policy will be required in order for this provision to be effective as to such person or entity subject to compliance with sub -paragraph E. below. C. Within ten (10) business days after the Company is notified of a loss which may be covered under this Policy, the First Named Insured or its authorized representative will provide the Company with the identities of all persons or entities with interests in the property that is subject to the loss as well as copies of the agreement requiring such person or entity be added to this Policy as an Additional Insured or Loss Payee. If the First Named Insured requires additional time to comply with this paragraph, the Company will provide extensions of time that are reasonable and appropriate for the circumstances, however, all such requests for extensions must be made in writing to the Company. D. If the First Named Insured does not provide the Company with the information required in paragraph C above, the Company will assume that there are no such persons or entities and the Company will not be liable for any failure to take such person or entity's interest into account in the adjustment or payment of any loss. E. This endorsement does not apply to persons or entities added by endorsement under the applicable Lenders Loss Payee and Mortgage Interests and Obligations provisions of this Policy. Persons or entities added as Additional Insured and Loss Payee pursuant to this endorsement do not have the same rights and obligations as the First Named Insured or Lenders Loss Payee and Mortgage Interests. All other terms and conditions remain unchanged. ACEo745 (03/21) Page 1 of 1 (320571) C H U B B 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 18505-0554 P.O. Scranton, Box 5122 PA First Notices Email: American ChubbClaimsFirstNotice@Chubb.com Claims First Notices Fax: (877)-395-0131 (302)-476-7254 Phone: (Toll (Local) Free) (800)-433-0385 - Business Hours (800)-523-9254 — After Hours MA -608255p (04/15) ©Chubb. 2016. All rights reserved. Page 1 of 1 CHUBS 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 TRADE OR ECONOMIC SANCTIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number D38095432 007 Policy 01/01/2024 Period to 01/01/2025 Effective Date of Endorsement Issued By Westchester (Name of Insurance Surplus Company) 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. 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 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. ILP0010104 © ISO Properties, Inc., 2004 Page 1 of 1 CHUBS' SIGNATURES Named Insured Endorsement Number Colorado Counties Casualty and Property Pool Policy Symbol FS Policy Number D38095432 007 Policy Period 01/01/2024 to 01/01/2025 Effective Date of Endorsement Issued By (Name of Insurance Company) Westchester Surplus Lines Insurance Company 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 ZA" BRANDON PEENE, Secretary JOHN J. LUPICA, President Authorized Representative RISK PLACEMENT Ilk SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: Jun 10, 2024 Attn: AJG - Centennial - Risk Mgmt jeff_kassal@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy #: EAGLE110568-AR-EFWX-01 Carrier: Falls Lake Fire and Casualty Company Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 Commercial Property Placed by: Risk Placement Services, Inc. The RPS Eagle Facility 3655 North Point Parkway, Suite 600; Alpharetta, GA 30005 POLICY DECLARATIONS Policy No.: EAGLE110568-AR-EFWX-01 At 12:01 A.M. Local Time at the Named Insured's Mailing Address, in return for the payment of premium and fees, and subject to all of the terms and conditions of this policy, the underwriting insurers listed within this policy agree with you to provide the insurance as stated in this policy. This insurance policy is issued on behalf of the insurers identified within the policy and in accordance with the limited authorization granted as Correspondent/Program Administrator for such insurers. The identified insurers bind themselves severally and not jointly, each for its own part and not one for another, their Executors and Administrators. The RPS Eagle Facility is not an insurer under this policy and is not liable to indemnify the insured under the terms of this policy. Insured's Name & Mailing Address: Colorado Counties Casualty and Property Pool, and as more fully detailed in the Lead Policy. c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 Policy Period: From: 01/01/2024 To: 01/01/2025 Coverage Part(s): Commercial Property Policy Home State: Colorado Coverage Territory: The fifty states of the United States of America, also including the District of Columbia Limit of Liability: $2,000,000 (13.33%) part of $15,000,000 excess of $10,000,000; all per occurrence. Flood & Earthquake are each subject to an annual aggregate. Maximum Limit of Liability: $2,000,000 in any one occurrence Coverage Forms: As per Schedule of Forms and Endorsements attached Interests Covered: Real Property, Business Personal Property, Business Income with Extra Expense, as per schedule of values on file with this facility. Perils Insured Against: All Risks of Direct Physical Loss or Damage including Flood and Earthquake; excluding Boiler & Machinery and Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR. Sub -limits & Deductibles: Valuation: Coinsurance: As per Carrier Lead Policy Premium : $ 92,000.00 Carrier Policy Fee : $ 500.00 As per Carrier Lead Policy CO Surplus Lines Tax : $ 2,775.00 Total Charges : $ 95,275.00 As per Carrier Lead Policy Policy Base Premium (before taxes and fees): $92,000 MGU Policy Fee (Applicable where allowed by law): $500 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) EAGLE DEC001-1809 Page 1 of 3 Commercial Property Attn: Stephen Adair 3655 North Point Parkway, Suite 600 Alpharetta, GA 30005 Minimum Earned Premium: 35% Minimum Premium endorsement(s) may apply. Total Insured Values: Policy Premium is based on $3,594,034,945 as respects property and interests covered as reported by the Insured in the application or request of this insurance. Lead Carrier: Westchester Surplus Lines Insurance Company Policy No.: D38095432 007 This policy is made and accepted subject to the above statement together with the provisions, stipulations, and agreements contained in the form(s) and endorsement(s) made a part of this policy and shown in the Schedule of Forms and Endorsements. THIS CONTRACT IS DELIVERED AS A SURPLUS LINE COVERAGE UNDER THE 'NONADMI E ACT. Brokerage Firm: Risk Placement Services, IncTHE 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 ASSOCIA I ION AC I'. Risk Placement Services, Inc Surplus Lines Licensed Producer This insurance is issued pursuant to surplus lines laws, 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. 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: Authorized Representative 04/22/2024 Date Additional Terms & Conditions: • No new business or increased coverage on in -force business shall be bound on properties within 100 miles of tidal waters when a tropical storm or hurricane is within the boundaries West of 70 degrees West Longitude and North of 15 degrees North Latitude. • The most we will pay for loss or damage in any occurrence is our quota -share percentage of participation, but not to exceed the quota -share occurrence limit of insurance shown above, irrespective of the number of locations involved in such as loss. In the event of loss or damage, we will not pay more than the least of the following: EAGLE DEC001-1809 Page 2 of 3 Commercial Property Our quota -share percentage of participation of: 1) The actual amount of the adjusted loss as defined elsewhere throughout the policy; or 2) The quota -share occurrence limit of insurance shown above. Less applicable deductible(s). • This policy shall exclude any loss or damage directly or indirectly caused by, resulting from, or contributed to, any pre-existing building damage at the time of this Policy's inception or attachment of coverage. EAGLE DEC001-1809 Page 3 of 3 SCHEDULE OF FORMS AND ENDORSEMENTS Form Number Form Name EAGLE-DEC001-1809 Policy Declarations MDIL 1001 08 11 Schedule of Forms and Endorsements EAGLE-CPC001-1806 Commercial Property Conditions EAGLE-EXF001-1806 Excess Physical Damage Form EAGLE-NOC003-2301 Notification of Claims EAGLE-PAR002-2205 Participation Endorsement EAGLE-SOS002-2205 Service of Suit Clauses LMA 3100 Sanction Limitation and Exclusion Clause LMA 5018 Microorganism Exclusion (Absolute) LMA 5019 Asbestos Exclusion LMA 5130 Application of Sublimits LMA 5390 US Terrorism Risk Insurance Act 2002 as amended - Not Purchased LMA 5393 Communicable Disease Endorsement LMA 5401 Property Cyber and Data Exclusion LMA 5583A Territorial Exclusion: Belarus, Russia and Ukraine MECP 1316 09 14 Exclusion — Equipment Breakdown MEIL 1211 06 10 Minimum Earned Premium Amendment Endorsement MEIL 1239 09 14 Earned Premium and Total Loss MPIL 1007 03 14 Privacy Notice N MA 1191 Radioactive Contamination Exclusion Clause — Physical Damage — Direct N MA 1331 Cancellation Clause — 10 days or as State Law dictates N MA 2342 Seepage and/or Pollution and/or Contamination Exclusion Clause N MA 2802 Electronic Date Recognition Exclusion N MA 2918 War and Terrorism Exclusion Endorsement N MA 2962 Biological and Chemical Materials Exclusion And any Mandatory State Endorsements as required by law MDIL 1001 08 11 Page 1 of 1 COMMERCIAL PROPERTY CONDITIONS Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations, and any other person or organization qualifying as a Named Insured under this policy. The words "we", "us" and "our" refer to the company providing this insurance. A. Abandonment There can be no abandonment of any property to us. B. Appraisal If we and you disagree on the value of the property or the amount of loss, either may make written demand for an appraisal of the loss. In this event, each party will select a competent and impartial appraiser. The two appraisers will select an umpire. If they cannot agree, either may request that selection be made by a judge of a court having jurisdiction. The appraisers will state separately the value of the property and amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: 1. Pay its chosen appraiser; or 2. Bear the other expenses of the appraisal and umpire equally. If there is an appraisal, we will still retain our right to deny the claim. C. Assignment Your assignment of this policy will not be recognized without our written consent. D. Changes This policy contains all of the agreements between you and us concerning the insurance afforded. The policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy. E. Concealment, Misrepresentation or Fraud This Policy is void in any case of fraud by you as it relates to this Policy at any time. It is also void if you or any other insured, at any time, intentionally conceal or misrepresent a material fact concerning: 1. This Policy; 2. The Covered Property; 3. Your interest in the Covered Property; or 4. A claim under this Policy. EAGLE-CPC001-1806 Page 1 of 5 F. 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 Policy 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. G. Duties In The Event Of Loss Or Damage 1. You must see that the following are done in the event of loss or damage to Covered Property that may involve the limits of this Policy: (a.) Notify the police if a law may have been broken. (b.)Give us prompt notice of loss or damage. Include a description of the property involved. (c.)As soon as possible, give us a description of how, when and where the loss or damage occurred. (d.)Take all reasonable steps to protect the Covered Property from further damage, and keep a record of your expenses necessary to protect the Covered Property, for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasible, set the damaged property aside and in the best possible order for examination. (e.)At our request, give us complete inventories of the damaged and undamaged property. Include quantities, costs, values and amount of loss claimed. (f.) As often as may be reasonably required, permit us to inspect the property proving the loss or damage and examine your books and records. Also, permit us to take samples of damaged and undamaged property for inspection, testing and analysis, and permit us to make copies from your books and records. (g.)Send us a signed, sworn proof of loss containing the information we request to investigate the claim. You must do this within 60 days of our request. We will supply you with the necessary forms. (h.)Cooperate with us in the investigation or settlement of the claim. EAGLE-CPC001-1806 Page 2 of 5 2. We may examine any insured under oath, while not in the presence of any other insured and at such times as may be reasonably required, about any matter relating to this insurance or the claim, including an insured's books and records. In the event of an examination, an insured's answers must be signed. H. Legal Action Against Us No one may bring a legal action against us under this Policy unless: 1. There has been full compliance with all of the terms of this Policy; and 2. The action is brought within 1 year after the date on which the direct physical loss or damage occurred. I. Liberalization If we adopt any revision that would broaden the coverage under this Policy without additional premium within 45 days prior to or during the policy period, the broadened coverage will immediately apply to this Policy. J. Mortgageholders 1. The term mortgageholder includes trustee. 2. We will pay for covered loss or damage to buildings or structures to each mortgageholder shown in the Declarations in their order of precedence, as interests may appear. 3. The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. 4. If we deny your claim because of your acts or because you have failed to comply with the terms of this Policy, the mortgageholder will still have the right to receive loss payment if the mortgageholder: (a.) Pays any premium due under this Policy at our request if you have failed to do so; (b.)Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and (c.) Has notified us of any change in ownership, occupancy or substantial change in risk known to the mortgageholder. All of the terms of this Policy will then apply directly to the mortgageholder. 5. If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Policy: (a.) The mortgageholder's rights under the mortgage will be transferred to us to the extent of the amount we pay; and (b.)The mortgageholder's right to recover the full amount of the mortgageholder's claim will not be impaired. EAGLE-CPC001-1806 Page 3 of 5 At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event, your mortgage and note will be transferred to us and you will pay your remaining mortgage debt to us. 6. If we cancel this Policy, we will give written notice to the mortgageholder at least: (a.) 10 days before the effective date of cancellation, if we cancel for nonpayment of premium; or (b.)30 days before the effective date of cancellation, if we cancel for any other reason. 7. If we elect not to renew this Policy, we will give written notice to the mortgageholder at least 10 days before the expiration date of this Policy. K. No Benefit to Bailee No person or organization, other than you, having custody of Covered Property will benefit from this insurance. L. Policy Period, Coverage Territory Under this Policy: 1. We cover loss or damage commencing: (a.) During the policy period shown in the Declarations; and (b.)Within the coverage territory. 2. The coverage territory is the United States of America. M. Recovered Property If either you or we recover any property after loss settlement, that party must give the other prompt notice. At your option, the property will be returned to you. You must then return to us the amount we paid to you for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject to the Limit of Insurance. N. Total Loss In the event of a constructive total loss of the Covered Property, the full policy premium for the property shall be deemed fully earned for all coverages insured hereunder. No return premium shall be payable to the Named Insured for the unexpired term of the policy. EAGLE-CPC001-1806 Page 4 of 5 O. Transfer Of Rights Of Recovery Against Others To Us If any person or organization to or for whom we make payment under this Policy 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: 1. Prior to a loss to your Covered Property or Covered Income. 2. After a loss to your Covered Property or Covered Income only if, at time of loss, that party is one of the following: (a.) Someone insured by this insurance; (b.) A business firm: (i.) Owned or controlled by you; or (ii.)That owns or controls you; or (c.)Your tenant. This will not restrict your insurance. EAGLE-CPC001-1806 Page 5 of 5 EXCESS PHYSICAL DAMAGE FORM Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations, and any other person or organization qualifying as a Named Insured under this policy. The words "we", "us" and "our" refer to the company providing this insurance. Other words and phrases that appear in quotation marks have special meaning. Refer to Section H. DEFINITIONS. In consideration of payment of the premium, in reliance upon the statements in the application (and all attachments and materials submitted therewith), and subject to all the provisions of this Policy, we agree with you as follows: A. COVERAGE 1. We will pay for direct physical loss or damage to Covered Property, at the premise(s) described in the Declarations, caused by or resulting from any Covered Cause of Loss. 2. Covered Property Covered Property, as used in this Policy, means the property described in the "controlling underlying policy". 3. Covered Cause Of Loss Covered Cause of Loss means risk of direct physical loss covered by the "controlling underlying policy" subject to any exclusions or limitations: (a.) Found in the "controlling underlying policy", or (b.) Found in or endorsed onto this Policy. B. "CONTROLLING UNDERLYING POLICY" Except for the provisions of this Policy and its attached endorsements, this Policy will follow the terms, conditions, agreements, definitions, exclusions, and limitations of the "controlling underlying policy". Should there be a conflict between the provisions of this Policy, including any of its attached endorsements, and the "controlling underlying policy", then the provisions of this Policy and its endorsements will apply. C. LIMITS OF INSURANCE The most we will pay for loss or damage in any one occurrence is the applicable Limit of Insurance shown in the Declarations in excess of the "retained limit". Permission is granted to the Insured to have excess insurance over the Limit of Insurance shown in the Declarations without prejudice to this Policy. The existence of such insurance, if any, shall not reduce any liability under this Policy. EAGLE-EXF001-1806 Page 1 of 4 D. CONDITIONS The following conditions apply. 1. Maintenance Of Underlying Insurance (a.) You must keep the "underlying insurance", and any renewals or replacements thereof, in full force and effect during the policy period of this Policy. The "retained limit" must be maintained without reduction other than by payment of loss or damage covered by this Policy. (b.) You must inform us immediately of any cancellation or replacement of any policy of "underlying insurance". (c.) You must notify us immediately of any changes to the terms of any "underlying insurance" that change the scope of coverage or limits of insurance. These changes will not apply unless we agree to them. We may adjust premium charges under this Policy from the effective date of such changes. (d.) Your failure to comply with paragraphs a., b., and c. above will not invalidate this policy but, in the case of such failure, we will be liable under this Policy only to the extent that we would have been liable had you complied with these obligations. (e.) In the case of bankruptcy, insolvency, or receivership of any "underlying insurer", or any other inability or refusal of an "underlying insurer" to pay part or all of the "retained limit", or your having breached the "underlying insurance", this Policy will not apply as a replacement of such "underlying insurance". We, in no way, assume any additional liability as the result of the "underlying insurer's" failure to meet its obligations to you. This Policy will only apply in excess of the "retained limit". (f.) In the event of the reduction of any Aggregate Limit(s) of Insurance of the "underlying insurance" by losses paid or admitted during the policy period, we will pay excess over the reduced aggregate amount. In the event of exhaustion of such Aggregate Limit(s) of Insurance, this Policy will continue inforce as Primary Insurance as it pertains to the peril for which the Aggregate Limit of Insurance has been exhausted and the deductible or self -insured retention applicable to that peril, as set forth in the "controlling underlying policy", will apply to this Policy. Nothing herein, however, shall be deemed to extend coverage under this Policy for loss from any peril not otherwise covered under this Policy. 2. Loss Payable Liability under this Policy will not attach unless and until the "underlying insurers" have paid or admitted liability for the "retained limit" or unless and until the Insured has, by final and non -appealable judgment, been adjudged entitled to be paid for a covered loss in an amount that exceeds the "retained limit". EAGLE-EXF001-1806 Page 2 of 4 E. Other Insurance If other valid and collectible insurance is available to the Named Insured for a loss we cover under this Policy, this insurance is excess over, and shall not contribute with any other insurance, whether primary, excess, contingent, or on any other basis. This condition will not apply to insurance specifically written as excess over this Policy. When this insurance is excess over other insurance, we will pay only our share of the amount of the loss, if any, that exceeds the sum of: 1. The total amount that all such other insurance would pay for the loss in the absence of this insurance; and 2. The total of all deductible and self -insured amounts under all that other insurance. We will share the remaining loss, if any, with any other insurance that is not described in this provision and was not bought specifically to apply in excess of the Limits of Insurance shown in the Declarations. F. Priority Of Payment In determining the amount of loss, damage or expense arising out of any one loss occurrence for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the policy(s) of the underlying insurers shall be used even though all such perils or coverages are not insured against under this excess policy. Any recoveries made under the underlying insurer's policy shall be considered as first applying to those perils and/or coverages not insured against by this policy. Upon exhaustion of the underlying insurer's policy limits, this policy shall attach and be liable for the loss in excess of the amount attributed to the underlying insurer's policy but only regarding those perils and/or coverages insured by this policy subject to the Company's Limit of Liability. In no event shall the provisions of this wording abrogate the duty of the Insured to maintain underlying insurance as detailed on the Declarations of this policy. G. Drop Down Clause In the event of reduction or exhaustion of the underlying aggregate limit or limits, this policy shall apply in excess of the reduced underlying limit, or if such limit is exhausted, shall apply as underlying insurance, notwithstanding anything to the contrary in the terms and conditions of this policy. In no event shall a reduction in underlying limits be recognized if this reduction is a result of paid claims for locations, interests or perils not covered by this policy. In no event shall this company be liable for more than the applicable Limit of Insurance as shown in the Declarations. EAGLE-EXF001-1806 Page 3 of 4 It is a condition of this policy that the policy or policies of the primary and underlying excess insurers shall be maintained in full effect during the policy period of this policy except for any reduction or exhaustion of the aggregate limits contained therein solely by payment of losses during the policy period. Nothing contained herein shall be held to vary, alter, waive or extend any of the terms, conditions, or limitations of this policy other than as stated above. It is further understood and agreed that sub -limited coverages provided in the primary may contribute to the exhaustion of the primary limit of liability, but the excess layer does not drop down over or expand these sub -limited amounts. H. DEFINITIONS 1. "Controlling underlying policy" means the insurance policy or policies designated as the Lead policy in the Declarations section. If no policy is so designated, then the policy providing the largest participation in the layer of insurance immediately below this Policy's layer for a particular coverage, as shown in the Declarations section, will be deemed the "controlling underlying policy". 2. "Retained limit" means the combined limits of all "underlying insurance". 3. "Underlying insurance" means: (a.) All of the primary or underlying excess insurance policies, including the "controlling underlying policy", including any deductible amount(s), self -insured retention(s) beneath any such policies, including any renewals or replacements thereof; and (b.)Any other policy(ies) Limits of Insurance that provide underlying coverage to those policies listed in the Schedule of Underlying Insurance. 4. "Underlying insurer" means any insurer who provides "underlying insurance". EAGLE-EXF001-1806 Page 4 of 4 NOTIFICATION OF CLAIMS Important Notice to Our Insureds, Brokers, and Agents Upon knowledge of any occurrence likely to give rise to a claim hereunder, immediate notice must be given to: Risk Placement Services Claims 190 New Camellia Boulevard Covington, LA 70433 RPS_Claims@RPSins.com Toll Free Phone: 844-777-8323 Toll Free Fax: 844-777-6267 To expedite claims handling, the following should be carbon -copied as well: Bakari Watkins (Falls Lake National Insurance Company): bakari.watkins@fallslakeins.com Validus Claims (Validus Specialty Underwriting Services): RPSEagleClaims@westernworld.com Sara Scott (EVP for RPS Eagle Facility): SaraScott@RPSins.com PLEASE REFER TO THE POLICY FOR ANY NOTICE AND REPORTING PROVISIONS AND DUTIES IN THE EVENT OF LOSS OR DAMAGE TO COVERED PROPERTY. EAGLE-NOC003-2301 Page 1 of 1 PARTICIPATION ENDORSEMENT Pro -Rata Shares are Applicable to this Policy Coverage under this Policy is provided on a pro -rata basis by the subscribing insurers listed below: Participation Percent Insurer Contract Number Syndicate Stamp Number 75.0% Falls Falls Falls Lake the Lake Lake Fire Home If the National and National Home State is Casualty State Insurance other Insurance than is Company, California:g Insurance California: Company Company General Agreement Agency 8/1/21 yapplicable) licableIf 25.0% Validus Specialty If the Home Western If the State World Home Tudor is State Insurance Underwriting other Insurance than is New Company New Hampshire: Services, Company Hampshire:(notpp Inc., Risk Services Administrator Agreement Placement Program 4/16/19 a licable) SEVERAL LIABILITY CLAUSE PLEASE NOTE - This notice contains important information. PLEASE READ CAREFULLY The liability of an insurer under this contract is several and not joint with other insurers party to this contract. An insurer is liable only for the proportion of liability it has underwritten. An insurer is not jointly liable for the proportion of liability underwritten by any other insurer. Nor is an insurer otherwise responsible for any liability of any other insurer that may underwrite this contract. The proportion of liability under this contract underwritten by an 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 in this contract. In the case of a Lloyd's syndicate, each member of the syndicate (rather than the syndicate itself) is an 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 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. 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. (LMA5096 — Combined Certificate) EAGLE-PAR002-2205 Page 1 of 1 SERVICE OF SUIT CLAUSES Applicable Law: This Insurance shall be subject to the applicable state law to be determined by the court of competent jurisdiction as determined by the provisions of the Service of Suit provisions directly below. (LMA5021) For Falls Lake National Insurance Company and/or Falls Lake Fire and Casualty Insurance Company 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 Mark Payne, Claims Department Falls Lake Fire and Casualty or Falls Lake National Insurance Company 6131 Falls of Neuse Road Raleigh, NC 27609 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. (LMA5020) EAGLE-SOS002-2205 Page 1 of 2 For Validus Specialty Underwriting Services, Inc. ("the Company" as respects this section only) The Company appoints the Commissioner of Insurance as its true and lawful attorney for acceptance of service of all legal process issued in this state in any action, suit or proceeding arising out of this contract of insurance. The Company authorizes the Commissioner to forward such process to: In California: Richard Glucksman, Chapman Glucksman, 11900 West Olympic Boulevard, Suite 800, Los Angeles, CA 90064 All Other States: Western World Insurance Group, Claims Department, 300 Kimball Drive, Suite 500, Parsippany, New Jersey, 07054 The above -named are authorized to accept service of process on behalf of the Company in any legal proceeding in the applicable state(s). (WW22 06/16) EAGLE-SOS002-2205 Page 2 of 2 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. LMA 3100 (09/15/10 USA Date) Page 1 of 1 MICROORGANISM EXCLUSION (ABSOLUTE) This Policy does not insure any loss, damage, claim, cost, expense or other sum directly or indirectly arising out of or relating to: mold, mildew, fungus, spores or other microorganism of any type, nature, or description, including but not limited to any substance whose presence poses an actual or potential threat to human health. This Exclusion applies regardless whether there is (i) any physical loss or damage to insured property; (ii) any insured peril or cause, whether or not contributing concurrently or in any sequence; (iii) any loss of use, occupancy, or functionality; or (iv) any action required, including but not limited to repair, replacement, removal, cleanup, abatement, disposal, relocation, or steps taken to address medical or legal concerns. This Exclusion replaces and supersedes any provision in the Policy that provides insurance, in whole or in part, for these matters. LMA 5018 (09/14/05 USA Date) Page 1 of 1 ASBESTOS ENDORSEMENT 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 period of insurance 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 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 of the asbestos. 3. The Assured 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 the Underwriters more than 12 (twelve) months after the expiration, or termination, of the period of insurance. 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 Al this Policy does not insure asbestos or any sum relating thereto. LMA 5019 (09/14/05 USA Date) Page 1 of 1 APPLICATION OF SUBLIMITS 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. LMA 5130 (03/05/09 USA Date) Page 1 of 1 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. LMA 5390 (01/09/20 USA Date) Page 1 of 1 COMMUNICABLE DISEASE ENDORSEMENT 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions, and exclusions of the policy remain the same. LMA 5393 (03/25/20 USA Date) Page 1 of 1 PROPERTY CYBER AND DATA EXCLUSION Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 3 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss or Data, replaces that wording. Definitions 4 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 5 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 6 Cyber Incident means: 6.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 6.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 7 Computer System means: 7.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 8 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. LMA 5401 (11/11/19 USA Date) Page 1 of 1 TERRITORIAL EXCLUSION: Belarus, Russia and Ukraine Notwithstanding anything to the contrary in this Policy, this Policy excludes any loss, damage, liability, cost or expense of whatsoever nature, directly or indirectly arising from or in respect of any: i entity domiciled, resident, located, incorporated, registered or established in an Excluded Territory; ii. property or asset located in an Excluded Territory; iii. individual that is resident in or located in an Excluded Territory; iv. claim, action, suit or enforcement proceeding brought or maintained in an Excluded Territory; or v. payment in an Excluded Territory. This exclusion will not apply to any coverage or benefit required to be provided by the insurer by law or regulation applicable to that insurer, however, the terms of any sanctions clause will prevail. For purposes of this exclusion, "Excluded Territory" means: - Belarus (Republic of Belarus); and - Russian Federation; and - Ukraine (including the Crimean Peninsula and the Donetsk and Luhansk regions) All other terms, conditions and exclusions remain unchanged. LMA 5583A (04/26/22 USA Date) Page 1 of 1 EXCLUSION - EQUIPMENT BREAKDOWN This endorsement modifies insurance provided under all Property and similar or related coverage forms attached to this policy. The following exclusion is added and is therefore not a Covered Cause Of Loss: 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. Equipment Breakdown 1. Mechanical or machinery breakdown, including rupture or bursting caused by centrifugal force. 2. Electrical or electronic breakdown; or 3. Rupture, bursting, bulging, implosion, or steam explosion, which originate within: a. Steam boilers; b. Steam turbines; c. Steam engines; d. Steam pipes; or e. Gas turbines; including equipment attached to and forming a part of thereof. But if an excluded loss described above results in loss or damage caused by fire, water or other means to extinguish a fire, or combustion explosion other than from any of the property described in this exclusion, then we will pay for that resulting loss or damage. All other terms and conditions remain unchanged. MECP 1316 09 14 Page 1 of 1 MINIMUM EARNED PREMIUM AMENDMENT ENDORSEMENT The following modifies all coverage forms and coverage parts attached to this policy. If this insurance policy is cancelled at your request, there will be a Minimum Earned Premium retained by us of 35% (percent) of the premium. Cancellation for nonpayment of premium is considered a request by the first Named Insured for cancellation of this policy. All other terms and conditions remain unchanged. MEIL 1211 06 10 Page 1 of 1 EARNED PREMIUM AND TOTAL LOSS In the event of a total loss or constructive total loss under this policy, the entire policy premium shall be earned in full and no return premium shall be due the Named Insured. All other terms and conditions remain unchanged. MEIL I L 1239 09 14 Page 1 of 1 PRIVACY NOTICE We are committed to safeguarding your privacy. We understand your concerns regarding the privacy of your nonpublic personal information. No nonpublic personal information is required to be collected when you visit our websites; however, this information may be requested in order to provide the products and services described. We do not sell nonpublic personal information to non-affiliated third parties for marketing or other purposes. We only use and share this type of information with non-affiliated third parties for the purposes of underwriting insurance, administering your policy or claim and other purposes as permitted by law, such as disclosures to insurance regulatory authorities or in response to legal process. Notwithstanding the foregoing, we may use this information for the purpose of marketing our own products and services to you. We collect nonpublic personal information about you from the following sources: • Information we receive from you on applications or other forms; • Information about your transactions with us, our affiliates, or others; and/or • Information we receive from consumer reporting agencies and inspection reports. We do not disclose any nonpublic personal information about our customers/claimants or former customers/claimants to anyone, except as permitted by law. We may disclose nonpublic personal information about you to the following types of third parties: • Service providers, such as insurance agents and/ or brokers and claims adjusters; and/or • Other non-affiliated third parties as permitted by law. We restrict access to nonpublic personal information about our customers/claimants to those individuals who need to know that information to provide products and services to our customers/claimants or as permitted by law. We maintain physical, electronic, and procedural safeguards to guard your nonpublic personal information. Residents of California: You may request to review and make corrections to recorded non-public personal information contained in our files. A more detailed description of your rights and practices regarding such information is available upon request. Please contact your agent/broker for instructions on how to submit a request to us. M P I L 1007 03 14 Page 1 of 1 U.S.A. RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE PHYSICAL DAMAGE - DIRECT 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. * N.B. 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. NMA 1191 (05/07/59 USA Date) Page 1 of 1 CANCELLATION CLAUSE NOTWITHSTANDING anything contained in this Insurance to the contrary this Insurance may be cancelled by the Assured at any time by written notice or by surrendering of this Contract of Insurance. This Insurance may also be cancelled by or on behalf of the Underwriters by delivering to the Assured or by mailing to the Assured, by registered; certified or other first class mail, at the Assured's address as shown in this Insurance, written notice stating when, not less than ten (10) days thereafter, the cancellation shall be effective. The mailing of 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 by the Assured the Underwriters shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the customary short rate proportion of any Minimum Premium stipulated herein whichever is the greater. Payment or tender of any Unearned Premium by the Underwriters 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. NMA 1331 (04/20/61 USA Date) Page 1 of 1 SEEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION Notwithstanding any provision to the contrary within the Policy of which this Endorsement forms part (or within any other Endorsement which forms part of this Policy), this Policy does not insure: a) any loss, damage, cost or expense, or b) any increase in insured loss, damage, cost or expense, or c) any loss, damage, cost, expense, fine or penalty, which is incurred, sustained or imposed by order, direction, instruction or request of, or by any agreement with, any court, government agency or any public, civil or military authority; or threat thereof, (and whether or not as a result of public or private litigation); which arises from any kind of seepage or any kind of pollution and/or contamination, or threat thereof, whether or not caused by or resulting from a peril insured, or from steps or measures taken in connection with the avoidance, prevention, abatement, mitigation, remediation, clean- up or removal of such seepage or pollution and/or contamination or threat thereof. The term 'any kind of seepage or any kind of pollution and/or contamination' as used in this Endorsement includes (but is not limited to): a) seepage of, or pollution and/or contamination by, anything, including but not limited to, any material designated as a 'hazardous substance' by the United States Environmental Protection Agency or as a 'hazardous material' by the United States Department of Transportation, or defined as a 'toxic substance' by the Canadian Environmental Protection Act for the purposes of Part II of that Act, or any substance designated or defined as toxic, dangerous, hazardous or deleterious to persons or the environment under any other Federal, State, Provincial, Municipal or other law, ordinance or regulation; and b) the presence, existence, or release of anything which endangers or threatens to endanger the health, safety or welfare of persons or the environment. NMA 2342 (11/24/98 USA Date) Page 1 of 1 ELECTRONIC DATE RECOGNITION EXCLUSION (EDRE) This policy does not cover any loss, damage, cost, claim or expense, whether preventative, remedial or otherwise, directly or indirectly arising out of or relating to: a) the calculation, comparison, differentiation, sequencing or processing of data involving the date change to the year 2000, or any other date change, including leap year calculations, by any computer system, hardware, programme or software and/or microchip, integrated circuit or similar device in computer equipment or non -computer equipment, whether the property of the insured or not; or b) any change, alteration or modification involving the date change to the year 2000, or any other date change, including leap year calculations, to any such computer system, hardware, programme or software and/or microchip, integrated circuit or similar device in computer equipment or non -computer equipment, whether the property of the insured or not. This clause applies regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, cost, claim or expense. NMA 2802 (12/17/97 USA Date) Page 1 of 1 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 organization(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. NMA 2918 (10/08/01 USA Date) Page 1 of 1 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. NMA 2962 (02/06/03 USA Date) Page 1 of 1 RISK PLACEMENT IL SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: May 13, 2024 Attn: AJG - Centennial - Risk Mgmt karen_graham@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy U: PW0330024 Carrier: Underwriters at Lloyd's, London Coverage Type: Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 Insurer Authorized Document of Insurance (IAD) (Lloyds & Companies) Policy Number; PW0330024 Insured: Colorado Counties Casualty and Property Pool Period: From: 1St January 2024 To: 1st January 2025 Sum Insured Primary USD 25,000,000 Gallagher The Walbrook Building 25 Walbrook London EC4N 8AW Registered Company No.1193013 Gallagher Insurance Risk Management Consulting 16) Gallagher IInsusrance Risk Management Consulting 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 Arthur J.Gallagher The Walbrook Building 25 Walbrook, London EC4N SAW United Kingdom. Property Division : +44(0) 207204 6000 For all claims notifications: Claims Division : +44(0) 207204 6000 UK.Specialty.Claims.Property@ajg.com s Gallagher Insurance Risk Management A Consulting a` DUTY OF FAIR PRESENTATION When you answer questions or agree with assumptions during the quotation process, you must disclose material facts or circumstances about the risk(s) you want to insure. A material fact or circumstance is something that would influence the judgement of an insurer in deciding whether or not to insure the risk. This is known as a 'duty of fair presentation' and includes disclosing the following: • Information that you, your firm's senior management, or anyone responsible for arranging your insurance knows, or should know in relation to your business; and • Information that would be revealed by a reasonable search of information available to you or by making enquiries, and could include information held within your business or by someone else (such as your insurance broker). Remember that if you fail to meet this duty, it could mean that the policy is void, or that the insurer is not liable to pay all or part of your claim(s). Please be aware that if any of your details, material facts or circumstances change during the policy period, you must always notify us immediately Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. INSURER AUTHORIZED DOCUMENT OF INSURANCE CONTENTS PAGE S ECTION I -RISK DETAILS 3 S ECTION II - INFORMATION 6 S ECTION III - SECURITY DETAILS 8 S ECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS 11 S ECTION V - FISCAL AND REGULATORY SECTION 15 S ECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION 16 S ECTION VII - THE WORDING 17 S ECTION VIII - SUPPLEMENTAL CLAUSES 57 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 N O PROTECTION UNDER THE PROVISIONS OF THE 'COLORADO INSURANCE GUARANTY ASSOCIATION ACT. STEPHEN ADAIR S urplus Lines Licensed Producer 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 wnsurance Risk Management I oiisutinG U NIQUE MARKET REFERENCE: TYPE: INSURED: ADDRESS: P ERIOD: INTEREST: S UM INSURED: LIMIT(S) OF LIABILITY: DEDUCTIBLES: SECTION I -RISK DETAILS Placed by: B1262PW0330024 Risk Placement Services, Inc. Risks of Direct Physical Loss or Damage Including Flood, Earthquake and Equipment Breakdown. 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. C/O CTSI 800 Grant ST, Suite 400 Denver, CO 80203 From: 1St January 2024 To: 1St January 2025 Beginning and ending at 12:01 a.m. Local Standard Time at the location of the property insured. Real and Personal Property as described in the Policy Wording and as declared to the Underwriters. TIME ELEMENT: Business Interruption as described in the Policy Wording and as declared to the Underwriters. Subject to the `Order Hereon' stated in SECTION III - SECURITY DETAILS, the Limits of Underwriters' Liability shall be the following Limit(s) of Liability. U SD 25,000,000 ultimate net loss each occurrence, U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Flood, and U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Earthquake. All Other Perils: U SD 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 identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy; subject to the minimum deductible of USD 1,000,000 per occurrence. 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. 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) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management ConsuItinc DEDUCTIBLES CONTINUED: N OTICES: TERRITORY: CONDITIONS: S UPPLEMENTAL CLAUSES: CHOICE OF LAW & JURISDICTION: P REMIUM: Time Element: 24 Hours Service Interruption All as more fully stated in the Policy Wording and as declared to the Underwriters. N OT APPLICABLE As attached in SECTION VIII - SUPPLEMENTAL CLAUSES U nited States of America, its territories, possessions and Canada. As per Wording attached SECTION V as attached SECTION VIII including:- WEH Asbestos Endorsement (1994) - 518ARM00210 Biological or Chemical Materials Exclusion - NMA2962 Radioactive Contamination Exclusion Clause - P hysical Damage - Direct (U.S.A.) — NMA 1191 War and Terrorism Exclusion Endorsement - NMA2918 U .S. Terrorism Risk Insurance Act Of 2002 As Amended Not Purchased Clause - LMA5390 Fraudulent Conduct and Misrepresentation Clause - LMA5120 Application of Sublimits Endorsement — LMA5130 Sanction Limitation and Exclusion Clause LMA3100 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 (amended) P roperty Cyber and Data Endorsement — LMA5400 Communicable Disease Endorsement — LMA5393 Debris Removal Endorsement — LMA 2343 Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017 Material Damage / Time Element U SD 4,275,000 (100%) Annual. (Hereon USD 1,282,500 for 30% order) Premium : $1,282,500.00 CO Surplus Lines Tax : $38,475.00 Total Charges : $1,320,975.00 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PREMIUM PAYMENT TERMS: Premium Payment Condition (Time On Risk) 4/86 TAXES PAYABLE BY INSURED AND ADMINISTERED BY INSURER(S): 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 29th February 2024 If this condition is not complied with, then this contract of Insurance shall terminate on the above date with the Insured hereby agreeing to pay premium calculated at not less than pro rata temporis. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J Gallagher. file and available on request, and provided to Insurers. Total Declared Values: USD 3,594,034,945 Breakdown of values as per Schedule contained within Submission provided to Insurers. Loss record (as advised to Arthur J Gallagher. contained within Submission provided to Insurers. U rogram Limits U SD 50, 000,000 U SD 5, 000,000 U SD 50, 000,000 U SD 50, 000,000 U SD 25, 000,000 U SD 250,000 U SD 5,000,000 U SD 8,071,695 U SD 1,000,000 U SD 50,000 U SD 500,000 U SD 250, 000 U SD 250, 000 U SD 1, 000, 000 U SD 100, 000 U SD 50, 000 U SD 10, 000, 000 U SD 10, 000, 000 U SD 1,000,000 U SD 1,000,000 U SD 10, 000, 000 U SD 5, 000, 000 U SD 1,000,000 U SD 250, 000 U SD 250, 000 U SD 10.000.000 U SD 1, 000, 000 U SD 1, 000, 000 U SD 25.000 U SD 100, 000 U SD 100.000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined N ewly 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 Accounts Receivable Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 5,000,000) within the territorial limits of the policy, any one occurrence Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 8,071,695) within the territorial limits of the policy, any one occurrence in respect of the Following location only: Ouray County Builders Risk Project - 541 4TH,OURAY, CO 81427 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; U nscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, any one occurrence. Personal Property of Employees at a described location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum USD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a N amed Insured subject to a USD 1,500,000 Annual Aggregate for all Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Trees and Shrubs Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Ins trance Risk Management I Consuiting USD 10,000,000 Valuable Papers Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting INSURER'S LIABILITY SECTION III - SECURITY DETAILS (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 proportions underwritten by all the members of the syndicate taken together). 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk management Consulting ORDER HEREON: BASIS OF WRITTEN LINES: SIGNING PROVISIONS: 30% of 100% Percentage of Whole 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk management I Consulting 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 % In respect of electronic lines the Underwriter(s) agreement and participation to this Contract has been accepted upon the Lloyd's Placing Platform Limited (PPL) program. Confirmation of Underwriter(s) acceptance is noted within Market Submission - Security Details located on the final pages of this document. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher SLIP LEADER: BUREAU LEADER: BASIS OF AGREEMENT TO CONTRACT CHANGES: OTHER AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR PART 2 GUA CHANGES ONLY: AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR THEIR PROPORTION ONLY, IF ANY: MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS SUBSCRIPTION AGREEMENT SECTION As Per Settlement Information located on the final pages of this document Lloyd's Bureau Leader is As Per Settlement Information located on the final pages of this document Company Bureau Leader is As Per Settlement Information located on the final pages of this document The Bureau Leaders must adhere to the applicable claims agreement practice and act in accordance with CLAIMS AGREEMENT PARTIES, as defined in A or B (below), dependent upon the claim falling within the scope of the Single Claims Agreement Party (SCAP) Arrangement. GUA (version 2.0) February 2014 with Non -Marine Schedule October 2001 Final premium/ going in values to be agreed Leading Underwriter only. 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 Arthur J Gallagher (UK) Ltd using Fax or email. Slip leader only to agree part two changes. None Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting BASIS OF CLAIMS AGREEMENT: CLAIMS AGREEMENT PARTIES: As specified under the CLAIMS AGREEMENT PARTIES and to be managed in accordance with: i) The SINGLE CLAIMS AGREEMENT PARTY ARRANGEMENTS - LMA9150 [as below] for claims or circumstances assigned as Single Claims Agreement Party Claims (SCAP Claims) or, where it is not applicable, then the following shall apply as appropriate: ii) The Lloyd's Claims Scheme (Combined), or as amended or any successor thereto. (N.B. The applicable Lloyd's Claims Scheme/part will be determined by the rules and scope of the Scheme(s)). iii) IUA claims agreement practices. iv) The practices of any company(ies) electing to agree claims in respect of their own participation. The applicable arrangements (scheme, agreement or practices) will be determined by the rules and scope of said arrangements and should be referred to as appropriate. A. Claims falling within the scope of the LMA9150 to be agreed by Slip Leader only on behalf of all (re)insurers subscribing (1) to this Contract on the same contractual terms (other than premium and brokerage) and (2) to these Arrangements. For the purposes of calculating the Threshold Amount, the sterling rate on the date that a financial value of the claim is first established by the Slip Leader shall be used and the rate of exchange shall be the Bank of England spot rate for the purchase of sterling at the time of the deemed conversion. B. For all other claims: 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. The second Lloyd's Syndicate is 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting CLAIMS ADMINISTRATION: RULES AND EXTENT OF ANY OTHER DELEGATED CLAIMS AUTHORITY: EXPERT(S) FEES COLLECTION: SETTLEMENT DUE DATE: BUREAUX ARRANGEMENTS: iv) All other subscribing insurers that are not party to the Lloyd's/IUA claims agreement practices, each in respect of their own participation. v) Notwithstanding anything contained in the above to the contrary, any ex gratia payments to be agreed by each (re)insurer for their own participation. Arthur J. Gallagher Insurance Brokers Limited and insurers agree that any claims hereunder (including any claims related costs/fees) will be notified and administered via ECF with any payment(s) processed via CLASS, unless both parties agree to do otherwise. Where claims or circumstances are not administered via ECF, notification, administration and payment(s) will be electronic. Where a Lloyd's syndicate or IUA company is not an agreement party to the claim or circumstance (per CLAIMS AGREEMENT PARTIES A. above), they agree to accept correct ECF sequences for administrative purposes to ensure information is circulated to all subscribing parties None Fees to be collected directly between Underwriters and Experts 29th February 2024 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 processed by Arthur J. Gallagher (UK) Ltd. including final stock/loss of profits, 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 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting NOTICE OF CANCELLATION PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in accordance with the provisions of the contract, then: To the extent provided by the contract, the Slip Leader is authorised to issue such notice on behalf of all participating (re)insurers; and (optionally) Any (re)insurer may issue such notice in respect of its own participation. The content and format of any such notice should be in accordance with the `Notice of Cancellation' standard, as published by the London Market Group (LMG), or their successor body, on behalf of London Market Associations and participants. However failure to comply with this standard will not affect the validity of the notice given. The notice shall be provided to the broker by the following means: By an email to Compliance UK@ajg.com Failure to comply with this delivery requirement will make the notice null and void. Satisfactory delivery of the notice will cause it to be effective irrespective of whether the broker has acknowledged receipt. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting TAX PAYABLE BY INSURER(S): COUNTRY OF ORIGIN: OVERSEAS BROKER: S URPLUS LINES BROKER: SECTION V - FISCAL AND REGULATORY SECTION None United States of America Risk Placement Services, Inc. 2400 Lakeview Pkwy Suite 675, Alpharetta, GA 30009 Joel Cavaness 2850 Golf Road, 5th Floor Rolling Meadows, IL 60008 License Number: 93325 STATE OF FILING: Colorado U S CLASSIFICATION: Surplus Lines ALLOCATION OF P REMIUM TO CODING: 100% P2 REGULATORY CLIENT CLASSIFICATION: Commercial — Large Risk REGULATORY RISK LOCATION: United States of America (Non EEA) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Gallagher MARKET REFORM CONTRACT UMR: fg. B1262PW0330024 262 P 03300 4 insurance Risk Management Consulting SECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION FEE PAYABLE BY CLIENT?: NO OTHER DEDUCTIONS FROM PREMIUM. NIL Arthur .1. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered OfficeThe Walbrook Building., 25 Walbrook, London EC4N SAW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK 02021 Arthur 3. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting SECTION VII - THE WORDING 23-24 CAPP Primary Policy 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 USD 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. USD 50, 000, 000 B. USD 5,000,000 C USD 50,000,000 D USD 50,000,000 E. USD 25,000,000 F USD 250,000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined. Newly Acquired Property — 90 Days from the date of acquisition; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition. Accounts Receivable. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting G. USD 5,000,000 H I J. K. L. M. N . O. P . a R. S . T U V W x. Y. USD 1,000,000 USD 500,000 .USD 250,000 USD 250,000 U SD 2,500,000 USD 100,00 USD 50,000 U SD 10,000,000 U SD 10,000,000 USD 1,000,000 USD 1,000,000 U SD 10,000,000 USD 5,000,000 USD 1,000,000 USD 250,000 USD 250,000 U SD 10,000,000 USD 1,000,000 Z. USD 1,000,000 AA. USD 25,000 BB. USD 100,000 Builders' Risks, Renovations, Repairs made by the Insured at any location (including new locations with total contract cost under USD5,000,000) within the territorial limits of the policy, any one occurrence. Any Builders' Risks, Renovations, Repairs with total contract costs over USD 5,000,000 are not covered under this extension Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; USD 50,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum U SD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road 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 members Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting CC. USD 100,000 Trees and Shrubs DD. USD 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 USD 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. Flood Deductible: USD 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 USD 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 USD 1,000,000 Per Occurrence. Earthquake Deductible: USD 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: B. Discharge the Insured's obligation under the terms of this agreement by administering a complete claims handling program. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting Property Insurance AGREEMENT A — BUILDING ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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. Definitions/Provisions 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management I Consulting 3 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; 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, and 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 an 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. Any builders' risks, renovations, repairs with total contract costs over USD 5,000,000 are not covered 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 5 Bridges, culverts, roadways, streets, walks, or paved surfaces, dams, docks, piers and Wharves; 6 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over USD 5,000,000 the Company will charge an additional premium. For Property with values under USD 5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B. MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will providethe Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1st of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. 2 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. 3 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 4 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. 5 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. 6 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. 7 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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. 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 (30) 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. 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 compld with such statues. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. 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. 26. 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. 27. 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. 28. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting The limit shown in the Coverage Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy. 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 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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. 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 a direct result of physical loss or damage by fire, lightning, 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting For example: a fire damage 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 USD 25,000 in any one occurrence or USD 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 USD 1,500,000 Aggregate applies to all County members. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting ENDORSEMENT A EXCESS CLAUSE 1. EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non- concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. C. In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects thoseperils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Las Animas 2 Archuleta 27 Lincoln 3 Baca 28 Logan 4 Bent 29 Mineral 5 Chaffee 30 Moffat 6 Cheyenne 31 Montezuma 7 Clear Creek 32 Montrose 8 Conejos 33 Morgan 9 Crowley 34 Otero 10 Custer 35 Ouray 11 Delta 36 Park 12 Dolores 37 Phillips 13 Elbert 38 Prowers 14 Fremont 39 Pueblo 15 Garfield 40 Rio Blanco 16 Gilpin 41 Rio Grande 17 Grand 42 Routt 18 Gunnison 43 Saguache 19 Hinsdale 44 San Juan 20 Huerfano 45 San Miguel 21 Jackson 46 Sedgwick 22 Kiowa 47 Summit 23 Kit Carson 48 Teller 24 La Plata 49 Washington 25 Lake 50 Yuma Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Equipment Breakdown Insurance Policy is similarly endorsed, and it may be cancelled by the Company on 90 days' written notice to the Insured. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 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; 10. Evidence of debt; 11. 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: 11. 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty- four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. B. C. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos - containing material. B This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos- containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2 the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3 any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos- containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2. SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 1.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Ins trance Risk Management I Consuiting 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). Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. P lease read this Notice carefully. The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on P residential 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 by making use of Merchandise, Stock (Raw, In Process or Finished), or any other property at the Insured's locations or elsewhere, and/or b) 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1 In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 U nited Nations resolutions or the trade or economic sanctions, laws or regulations of the European U nion, United Kingdom or United States of America. LMA3100 15 September2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. NMA2918 08/10/2001 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting SECTION VIII - SUPPLEMENTAL CLAUSES N otwithstanding anything to the contrary contained herein, it is understood and agreed that this insurance is subject to the following clauses which are attached hereto:- N o.1: WEH Asbestos Endorsement (1994) - 518ARM00210 N o.2; Service of Suit Clause (U.S.A.) - LMA5020 N o.3: Biological or Chemical Materials Exclusion - NMA2962 N o.4: Radioactive Contamination Exclusion Clause - Physical Damage - Direct (U.S.A.) - NMA1191 N o.5: War and Terrorism Exclusion Endorsement - NMA2918 N o.6: U.S. Terrorism Risk Insurance Act Of 2002 as Amended Not Purchased Clause 5390 N o.7: Fraudulent Conduct and Misrepresentation Clause - LMA5120 N o.8: Application of Sublimits Endorsement — LMA5130 N o. 9 Sanction Limitation and Exclusion Clause — LMA3100 N o. 10: Inadvertent Errors and Omissions Clause N o. 11: Extension of Coverage — Miscellaneous Unnamed Location N o. 12. Off Premises Utilities' Services Clause (Business Interruption) - LMA5041 (amended). N o. 13: Ingress/Egress Extension (Business Interruption) N o. 14: Civil or Military Authority Extension (Business Interruption) - LMA5161 N o. 15: Business Interruption Extension - LMA5039 (amended) N o. 16: Property Cyber and Data Endorsement — LMA 5400 N o. 17: Communicable Disease Endorsement — LMA 5393 N o.18: Debris Removal Endorsement — LMA 2343 N o. 19: Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017, 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. LMA5020 N o.3 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2962 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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. N MA1191 N o. 5 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2918 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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. LMA5390 09 January 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 19 November 2008 No. 8 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED APPLICATION OF SUBLIMITS 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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 N o. 10 INADVERTENT ERRORS AND OMISSIONS CLAUSE The property insured under this policy is based on property as per Schedule of Values on file with U nderwriters, 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 518AJ G 00209 N o. 11 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 12 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 No. 13 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk Management I Consulting No. 14 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 28 consecutive days. LMA5161 15 December 2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 15 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. 2. Raw Stock Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 16 PROPERTY CYBER AND DATA ENDORSEMENT 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3 regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 17 COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 25 March 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 18 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No.19 TERRITORIAL EXCLUSION: RUSSIA, UKRAINE AND BELARUS Notwithstanding anything to the contrary in this Policy, this Policy excludes any loss, damage, liability, cost or expense of whatsoever nature, directly or indirectly arising from or in respect of any: i. entity domiciled, resident, located, incorporated, registered or established in an Excluded Territory; ii. property or asset located in an Excluded Territory; iii. individual that is physically in an Excluded Territory; iv. claim, action, suit or enforcement proceeding brought or maintained in an Excluded Territory; v payment in an Excluded Territory. This exclusion will not apply to any coverage or benefit required to be provided by the insurer by law or regulation applicable to that insurer, however, the terms of any sanctions clause will prevail. For purposes of this exclusion, "Excluded Territory" means: Belarus (Republic of Belarus); and Russian Federation; and Ukraine (including any disputed regions of Ukraine and including the Crimean Peninsula) All other terms, conditions and exclusions remain unchanged. LMA5583B 8 March 2023 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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, 2027, 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 80% OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURER(S) P ROVIDING THE COVERAGE. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A USD 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 USD 100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED U SD 100 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 USD hereby elect to purchase coverage for acts of terrorism for a prospective premium of I understand hereby elect that to I will have coverage have no coverage for acts for of losses terrorism arising excluded from acts of from my terrorism. policy. I Policyholder/Applicant's Signature P rint Name Date LMA9184 09 January 2020 Syndicate on behalf of certain underwriters at Lloyd's Policy Number Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. Policy Number: (UMR) B1262PW0330024 SECURITY DETAILS REFERENCES UMR (Unique Market Reference): B1262PW0330024 Date contract printed to PDF: 11:08 20 December 2023 SIGNED UNDERWRITERS Beazley Syndicates AFB 15% Written 14.5% Signed beazley AFB a12623I0623 J W V 2 0 F 2 4 A N F F P25M P2 Slip Leader 16:42 15 December 2023 Lloyd's Underwriter Syndicate No. AFB 2623 (82.21%) / AFB 623 (17.79%), London, England Katie Hunter Bound Subjectivities Please endorse premium for order Deadline Please endorse 2nd Lloyd's syndicate Deadline Status Agreed Status Agreed Endorsement C Joint Loss Clause complete `Policy No.' and 'By' - please endorse Deadline Blenheim Underwriting Limited 4% Written 3% Signed Blenheim SY NDICATC 5BB5i Status Agreed g�WBC v1 5886 D 2 4 A 80 6 OIA 0 0 1 SJA P2 09:54 18 December 2023 Lloyd's Underwriter Syndicate No. 5886 WBC, London, England Simon Anthony Bound Market Submission - Security Details Page 1 of 3 11:08 20 December 2023 Policy Number: (UMR) B1262PW0330024 Lloyd's Insurance Company S.A. Written 5% Signed 5% 5% Written 5% Signed Lloyd's Insurance Company S.A. k * HDU 5303 N T I A EIE 3 61 6 C X P2 09:02 18 December 2023 Lloyd's Insurance Company S.A. HDU 5303; Reinsured by Lloyd's syndicate HDU 382 a) Reece Ballard Bound HCC International Insurance Company PLC 6% Written 6% Signed TO KI O MARINE HCC XIS LIRMA H5100 P 2 4 E 02 3 OIA 0 0 1 DM - primary 20:20 18 December 2023 Houston Casualty Company (UK Branch of 42374), LIRMA H5100 David Mansell Bound Unicorn Underwriting Limited 1.5% Written 1.5% Signed UNDERWRITING 1 0 0 7 6 4 0 3 7 P M L 12:26 11 December 2023 Unicorn WWP Limited binding on behalf of Aviva Insurance Limited B123022UWP1400 Property 2022 - (100%). All claims to be notified direct to Aviva. Lewis Jones Bound Market Submission - Security Details Page 2 of 3 11:08 20 December 2023 Policy Number: (UMR) B1262PW0330024 SETTLEMENT INFORMATION Terms of Settlement Settlement Due Date: 29 February 2024 Instalment Premium Period of Credit: 0 Adjustment Premium Period of Credit: 0 Beazley Syndicates AFB Non -Bureau Leader Katie Hunter Market Submission - Security Details Page 3 of 3 11:08 20 December 2023 RISK PLACEMENT Ilk SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: May 17, 2024 Attn: AJG - Centennial - Risk Mgmt karen_graham@ajg.com Insured: Colorado Counties Casualty and Property Pool Policy #: MKLV2XPR001879 Carrier: Evanston Insurance Company Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 A STOCK COMPANY ill MARKEL EVANSTON INSURANCE COMPANY 10275 West Higgins Road, Suite 750 Rosemont, IL 60018 INSURANCE POLICY Coverage afforded by this policy is provided by the Company (Insurer) and named in the Declarations. In Witness Whereof, the company (insurer) has caused this policy to be executed and attested and countersigned by a duly authorized representative of the company (insurer) identified in the Declarations. dr sto-LA luve Secretary President MJIL 1000 08 10 Page 1of1 ill MARKEL EVANSTON INSURANCE COMPANY PRIVACY NOTICE U. S. Consumer Privacy Notice INTERLINE Rev. 1/1/2020 FACTS WHAT COLLECTIVELY DOES MARKEL REFERRED GROUP TO AS OF "WE", COMPANIES "US", OR "OUR") REFERENCED DO WITH YOUR BELOW PERSONAL (INDIVIDUALLY INFORMATION? OR Why? importance In provide personal your the personal course you information. of with information. of protecting Our Our business Federal products it. Please Federal relationship and and read state and services. this state law with also notice law you, We gives requires carefully treat We you this collect the Us to information to understand right information tell you to limit how what as about confidential some We We do. you but collect, not that and all share, is sharing necessary recognize and of protect your the to What? The This • • • Personal • • When required your identification driver's applications your others; your agencies, numbers information, publicly de -identified types information name, policy you financial license information -available by of are law. including and personal coverage, mailing and or numbers or no can account your history aggregated or other information longer include: other does and medical information but forms claims, issued from email details, Our license not not consumer customer, from limited history include: other from address(es), premiums, by credit number), We government you, government insurance and to collect information. your history We and payment records. and telephone employment, employer continue payment companies, and records; bodies share card credit to depend number, or and share history numbers, education, agencies others; scores, financial your on date from bank information the assets of (i.e.: occupation, your organizations, product birth, account Social dealings gender, and as or or income or described service Security assets with or other marital Us, consumer and you number and financial or Our other in have this family income Affiliates, Notice with or reporting account financial status, FEIN, from Us. or as How? information transaction All section reasons and (2) personal insurance services. with below, We your information, to with companies choose those We written We Us, list may individuals, for to authorization, as the disclose instance, need share; Our reasons customer to and your such share to financial determine whether as personal or customers' (3) or Our former otherwise companies you employees information eligibility customer, can personal as limit for can and this to coverage, permitted except information share agents, Our sharing. Affiliates as their by who to described law. process to customers' We provide and run restrict We Nonaffiliates their in claims, do you this everyday personal access not with Notice. or disclose insurance (1) to to information; prevent business. to your process any personal products fraud, of In your your the the or MPIL 1007 01 20 Page 1of3 Reasons We can share your personal information Do share? We limit sharing? Can you this legal/regulatory For such Our as everyday to process investigations, business your transactions, purposes to maintain prevent and fraud, as required your or report account(s), to by law credit — to court orders and Yes No respond bureaus to For offer Our marketing Our products purposes and services — to you Yes No For Joint Marketing with other financial companies Yes No information For Our Affiliates' about everyday your transactions business and purposes experiences — Yes No information For Our Affiliates' about everyday your creditworthiness business purposes — No We share don't For Our Affiliates to market you No We share don't For Nonaffiliates to market you No We share don't Questions? Call (888) 560-4671 or email privacy@markel.com Who We are Who is providing this Notice? A list of Our companies is located at the end of this Notice. What We do How personal do We information? protect your protect standards. We maintain your For reasonable personal more information, information physical, visit electronic, and www.markel.com/privacy-policy. to comply and with procedural applicable safeguards regulatory to How information? do We collect your personal • • • • reporting driving We We complete perform file use collect also an your records, insurance agencies your an transactions credit collect application and personal or your claim debit that claim with information, or personal provide card histories. or Us, provide other Our form information Us account Affiliates, with for example, for information insurance information or others from when others, such you such as credit as information, consumer Why your can't personal you limit information? all sharing of Federal • • • State sharing. your sharing creditworthiness Affiliates sharing rights laws law for See for under gives from and Nonaffiliates the Affiliates' using individual state you Other the your law. right everyday Important information to companies to market limit Information business only to to you may market purposes give section to you you — information this Notice rights about for to more your limit on of additional MPIL 1007 01 20 Page 2 of 3 Definitions Affiliates Companies companies. • Our Affiliates related include by common member ownership companies or control. of Markel They Group. can be financial and nonfinancial Nonaffiliates Companies nonfinancial • insurance Nonaffiliates officials, not companies. agencies law related that enforcement, We by can or common brokers, share and claims others ownership with can adjusters, as include permitted or control. financial reinsurers, by law. They can services and be companies auditors, financial state and such insurance as Joint Marketing A or • formal services Our allow Joint agreement Us to to Marketing you. provide between a providers broader Nonaffiliated can selection include of companies entities insurance that providing products together a market service to you. or financial product that products could Other Important Information For circumstances We 4671, We take. Residents have may If or collected write charge you do you to not of Markel a AZ, from reasonable agree CT, or the Corporation with GA, right about fee Our IL, you. to to actions, ME, access Privacy cover To MA, do the you MN, and so, Office, costs request contact may MT, of NV, providing correction, your NJ, Highwoods Us agent, a NC, statement. this OH, amendment visit information. Parkway, OR, www.rarkel.com/privacy-policy, and VA: or deletion Under state of VA you personal 23060. law, know under information what call actions certain (888) that 560- We 4521 send have Glen Allen, We will let For contained Markel personal For www.markel.com/privacy-policy. the Residents Corporation information. categories in Our of files. CA: of Privacy To personal You do have Office, so, information the contact 4521 right your Highwoods to We review, agent, have collected make visit Parkway, www.markel.com/privacy-policy, corrections, Glen from Allen, consumers or delete VA 23060. within your recorded We the last do call not 12 (888) personal and months, 560-4671, will information not please sell or write your visit: to For Residents of MA and ME: You may ask, in writing, for specific reason, for an adverse underwriting decision. Markel Evanston Specialty Reinsurance Incorporated, Company, Inc. United (d/b/a Group Specialty Insurance Insurance State in Company, CA Markel of National as Insurance Companies Company, Company, West, SureTec Markel Inc. Insurance Agency Company, Providing FirstComp Markel Insurance (d/b/a in Company, Insurance Bermuda Inc. CA This Insurance Company, as Notice: Inc., Limited, Markel Services), Company, Superior Markel City West Markel SureTec National International Insurance Specialty Independent American Indemnity Insurance Insurance Services), Insurance Insurance Specialty Company, Company, Pinnacle Company, Company, Company Insurance SureTec Essentia National SureTec Limited, Markel Company, Insurance Insurance Insurance Agency Global Markel National Company, Company, Service, Services, MPIL 1007 01 20 Page 3 of 3 ill MARKEL EVANSTON INSURANCE COMPANY NOTICE TO POLICYHOLDERS CLAIM REPORTING Please immediately report a new claim under this policy to: newclaims@markel.com For general claims inquiries after a claim has been reported, please email: markelclaims@markel.com In order for us to expedite the handling of your claim and quickly refer it to the appropriate party, please have the following information available: • Claim number (or report as new) • Your name, contact information and position with the Named Insured • Date of loss • Policy number and insured name • Details of loss Our address and additional contact information are as follows: Markel Claims P.O. Box 2009 Glen Allen, VA 23058-2009 Phone: 800-362-7535 (800) 3MARKEL Fax: 855-662-7535 (855) 6MARKEL Markel understands the importance of having knowledgeable claims professionals prepared to answer your questions with personal attention and expertise. With claims professionals located across four times zones, you are sure to find the claims assistance you need -- when you need it. PLEASE REFER TO THE POLICY FOR ANY NOTICE AND REPORTING PROVISIONS AND DUTIES IN THE EVENT OF LOSS OR DAMAGE TO COVERED PROPERTY. MPIL 1074 02 20 Page 1 of I ill MARKEL E L EVANSTON INSURANCE COMPANY U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC") ADVISORY NOTICE TO POLICYHOLDERS INTERLINE 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 — https://www.treasury.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. MPIL 1083 04 15 Includes copyrighted material of Insurance Services Office, Inc. Page 1 of 1 with its permission. ill MARKEL EL POLICY NUMBER: MKLV2XPR001879 EVANSTON INSURANCE COMPANY FORMS SCHEDULE FORM NUMBER FORM NAME MJIL L 1000 08 10 MPIL 1007 01 20 MPIL 1074 02 20 MPIL 1083 04 15 MDIL 1001 08 11 MDCP 1015 06 17 MECP 12130215 MECP 1215 12 21 MECP 1304 05 16 MECP 1315 09 14 MECP 1316 09 14 MECP 1317 09 14 MECP 1322 09 14 MECP 1326 09 14 MECP 1334 10 22 MECP 1335 10 22 MECP 1336 10 22 MECP 1341 02 22 MECP 2214 04 23 MEIL 1200 03 23 MEIL 1211 06 10 Manuscript Form Policy Jacket Privacy Notice N otice To Policyholders Claim Reporting U .S. Treasury Department's Office Of Foreign Assets Control (OFAC) Advisory Notice To Policyholders Forms Schedule Property Declarations Occurrence Limit of Liability Excess Additional Property Exclusions And Conditions Exclusion Of Certified Acts Of Terrorism Exclusion - Asbestos Exclusion - Equipment Breakdown Exclusion - Biological, Radiological Or Chemical Materials Exclusion - Pollution Exclusion - Organic Pathogens Exclusion - Territorial Exclusion - Governmental Action And War Exclusion - Sanctions Exclusion - Cyber Incident And Electronic Data With Ensuing Fire And Explosion Exceptions Arbitration Condition S ervice Of Suit Minimum Earned Premium Amendment Endorsement CAPP Policy Form MDIL 1001 08 11 Page 1 of 1 MARKEL EVANSTON INSURANCE COMPANY Placed by: Risk Placement Services, Inc. PROPERTY DECLARATIONS POLICY NUMBER: MKLV2XPR001879 RENEWAL OF POLICY: MKLV2XPR001268 N amed Insured and Mailing Address (No., Street, Town or City, County, State, Zip Code) Colorado Counties Casualty & Property Pool 800 GRANT STREET STE 400 C/O CTSI DENVER, CO 80203 P olicy Period: From 01/01/2024 to 01/01/2025 at 12:01 A.M. Standard Time at your mailing address shown above. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. Description Of Premises Per schedule on file with company As per schedule below: Prem. N o. Bldg. No. Location Address Limits Of Insurance Layer. No. Company Limit Layer Limit Layer Attachment 1. $2,500,000 Part of $15,000,000 Excess of $10,000,000 Producer Number, Name and Mailing Address 210297 Risk Placement Services, Inc. 3655 North Point Parkway, Suite 600 Alpharetta, GA 30005 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'. STEPHEN ADAIR Surplus Lines Licensed Producer Aggregates MDCP 1015 06 17 Page 1 of 2 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) If Applicable, the Aggregate(s) Completed Below Apply. Layer Peril Company Limit Layer Limit Layer Attachment Earthquake $2,500,000 In the aggregate $15,000,000 In the aggregate $10,000,000 In the aggregate Flood $2,500,000 In the aggregate $15,000,000 In the aggregate $10,000,000 In the aggregate Deductible Per Occurrence U Per Location U Per Building U Exceptions: Per Underlying Insurance Underlying Insurance Carrier: Westchester Surplus Lines Insurance Company Policy Number: D38095432 007 Policy Period: 01/01/2024-01/01/2025 Premium : $ 115,000.00 CO Surplus Lines Tax : $ 3,450.00 Total Charges : $ 118,450.00 Premiums And Fees Total Premium For This Coverage Part: $115,000 Minimum Earned Premium: $40,250 Inspection Fee: Endorsements Forms and Endorsements applying to this Coverage Pad and made pad of this policy at time of issue: SEE MDIL 1001 ATTACHED These declarations, together with the Common Policy Conditions, Coverage Form(s) and any Endorsement(s), complete the above numbered policy. Countersigned: MDCP 1015 06 17 04/23/2024 By: DATE AUTHORIZED REPRESENTATIVE Page 2 of 2 III MARKEL COMMERCIAL PROPERTY POLICY NUMBER: MKLV2XPR001879 EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. OCCURRENCE LIMIT OF INSURANCE - EXCESS INSURANCE This endorsement modifies insurance provided under all Property, Difference In Conditions and similar or related coverage forms attached to this policy. SCHEDULE Percentage Of Insured Value Per Item: 100% The following Special Terms and Conditions apply to this policy and supersede any provisions to the contrary in any applicable coverage form or endorsement: 1. The Limit Of Insurance or amount of insurance shown on the Declarations, or endorsed onto this policy, is the total limit or amount applicable to any one occurrence. In no event shall our liability exceed this limit or amount in one occurrence, regardless of the number of locations involved. 2. The premium for this policy is based on the Statement Of Values on file with us or attached to this policy. In the event of direct physical loss or damage to Covered Property as a result of a Covered Cause of Loss, our limit of insurance shall be the least of the following: a. The actual adjusted amount of loss, less any applicable deductible. b. The stated value for each scheduled item of lost or damaged property, as shown on the Statement of Values on file with us or Schedule attached to this policy. However, if a blanket limit is shown for the lost or damaged property on the Statement Of Values or Schedule attached to this policy, then that limit will apply. The percentage shown in the Schedule of this endorsement applies to the individually stated value for lost or damaged property as shown on the latest Statement Of Values on file with us or Schedule attached to this policy. If a percentage is not shown in the Schedule of this endorsement, then Paragraph 2.b. does not apply. c. The limit of insurance or amount of insurance shown on the Declarations or endorsed onto this policy. Any Schedule attached to this policy supersedes any Statement Of Values on file with us or provided by the Insured. 3. Occurrence, where used in this policy, means any one loss, disaster, casualty, or series of losses, disasters or casualties arising out of one event. 4. The duration and extent of any one occurrence will not exceed the total of all loss sustained during any period of 168 consecutive hours from and by the same event, except with respect to loss caused by or resulting from: a. Windstorm, hail, tornado, hurricane and cyclone, including ensuing collapse and water damage, any one occurrence will be limited to a period of 120 consecutive hours. b. Riot, riot attending strike, civil commotion, looting, theft, vandalism and malicious mischief, any one occurrence will be limited to a period of 72 consecutive hours. c. Earth movement, earthquake and fire following and directly occasioned by the earth movement or earthquake, any one occurrence will be limited to any period of 168 consecutive hours. Losses arising from a combination of 2 or more causes of loss as a result of the same event shall be considered as having arisen from one occurrence. Notwithstanding the foregoing, the hourly limitations stated above shall not be MECP 1213 02 15 Page 1 of 2 exceeded with respect to the applicable causes of loss and no single occurrence shall encompass a time period greater than 168 consecutive hours. The occurrence period defined in the Primary or Underlying Excess Policy shown in the Supplemental Declarations applies if it is shorter than the occurrence period shown in 4. above, When filing proof of loss, the insured may elect the moment at which the period of consecutive hours shall be deemed to have commenced, which may not be earlier than the time when the first loss to covered property occurs. All other terms and conditions remain unchanged. M EC P 1213 02 15 Page 2 of 2 III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL PROPERTY EXCLUSIONS AND CONDITIONS This endorsement modifies insurance provided under all Property, Difference In Conditions, and similar or related coverage forms attached to this policy. A. Exclusions We will not pay for loss or damage caused directly or indirectly by or resulting from any of 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 1. Nuclear Hazard Nuclear reaction, nuclear radiation, or radioactive contamination, however caused. But if nuclear reaction, radiation, or radioactive contamination results in fire, we will pay for the loss or damage caused by that fire, if fire is a Covered Cause of Loss under this policy. 2. Governmental Action Seizure, confiscation, quarantine, or destruction of Covered Property by order of any governmental or public authority. But we will pay for loss or damage caused by or resulting from acts of destruction ordered by governmental authority and taken at the time of a fire to prevent its spread, if the fire would be covered under this policy. 3. War And Military Action a. Any hostile or warlike action in time of peace or war, whether or not the war is declared, including action in hindering, combating, or defending against an actual, impending, or expected attack by: (1) Any government or sovereign power (de jure or de facto), or by any authority maintaining or using military forces; (2) Military, naval, or air forces; or (3) Any agent of any government, power, authority, or forces; b. Any weapon of war, including but not limited to weapons employing atomic fission or radioactive force, whether in time of peace or war; or c. Insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating, or defending against any of these. B. Conditions 1. Abandonment There can be no abandonment of any property to us. 2. Brands And Labels In the event of loss of or damage to labels, capsules, or wrappers, the loss will be adjusted on the basis of an amount sufficient to pay the cost of new labels, capsules, or wrappers.lf branded or labeled merchandise covered by this policy is damaged, and we elect to take all or any part of such merchandise at the value established by the terms of this policy, you may, at your own expense, label the damaged property as salvage, or remove or obliterate the brands or labels, if such label, 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. MECP12151221 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 5 with its permission. 3. Cancellation a. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation. b. We may cancel this policy by mailing or delivering to the first Named Insured written notice of cancellation at least: (1) 10 days before the effective date of cancellation if we cancel for nonpayment of premium; or (2) 30 days before the effective date of cancellation if we cancel for any other reason. c. We will mail or deliver our notice to the first Named Insured's last mailing address known to us. d. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. e. If this policy is cancelled, we will send the first Named Insured any premium refund due. If we cancel, the refund will be pro rata. If the first Named Insured cancels, the refund may be less than pro rata. The cancellation will be effective even if we have not made or offered a refund. f. If notice is mailed, proof of mailing will be sufficient proof of notice. 4. Changes a. This policy contains all the agreements between you and us concerning the insurance afforded by this policy. The first Named Insured shown in the Declarations is authorized to make changes in the terms of this policy with our consent. The terms of this insurance can be amended or waived only by endorsement issued by us and made a part of this policy. b. Notice to any agent or knowledge possessed by any agent or any other person will not: (1) Create a waiver or change any part of this policy; or (2) Prevent us from asserting any rights under this policy. 5. Concealment, Misrepresentation, Or Fraud This insurance is void in case of any fraud by you as it relates to this insurance at any time. It is also void if you or any other insured intentionally conceal or misrepresent a material fact concerning: a. This insurance; b. Any Covered Property; c. Your interest in any Covered Property; or d. A claim under this insurance. 6. Control Of Property a. Any act or neglect of any person, other than you, beyond your direction or control will not affect this insurance. b. The breach of any condition of this insurance 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. 7. Duties In The Event Of Loss Or Damage a. You must see that the following are done in the event of loss or damage to Covered Property: (1) Notify the police if a law may have been broken. (2) Upon knowledge of any occurrence likely to give rise to claim for covered loss or damage, you shall give us written notice as soon as practicable, but no later than one year from the expiration of this insurance. Include a description of the property involved. (3) As soon as possible, give us a description of how, when, and where the loss or damage occurred. (4) Take all reasonable steps to protect the Covered Property from further damage, and keep a record of your expenses necessary to protect the Covered Property, for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasible, set the damaged property aside and in the best possible order for examination. MECP12151221 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 5 with its permission. (5) At our request, give us complete inventories of the damaged and undamaged property. Include quantities, costs, values, and amount of loss claimed. (6) As often as may be reasonably required, permit us to inspect the property proving the loss or damage and examine your books and records. Also, permit us to take samples of damaged and undamaged property for inspection, testing, and analysis, and permit us to make copies from your books and records. (7) Send us a signed, sworn, proof of loss containing the information we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms. (8) Cooperate with us in the investigation or settlement of the claim. b. We may examine any insured under oath, while not in the presence of any other insured and at such times as may be reasonably required, about any matter relating to this insurance or the claim, including an insured's books and records. In the event of an examination, an insured's answers must be signed. 8. Examination Of Your Books And Records We may examine and audit your books and records as they relate to this insurance at any time during the policy period and up to 3 years afterward. 9. Inspections And Surveys a. We have the right to: (1) Make inspections and surveys of the subject(s) of this insurance at any time; (2) Give you reports on the conditions we find; and (3) 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. c. We do not: (1) Make safety inspections; (2) Undertake to perform the duty of any person or organization to provide for the health or safety of workers or the public; or (3) Warrant that any conditions: (a) Are safe or healthful; or (b) Comply with laws, regulations, codes, or standards. d. Paragraphs a., b., and c. 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. e. Paragraphs b. and c. of this condition do 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. 10. Insurance Under Two Or More Coverages If two or more of this policy's coverages apply to the same loss or damage, we will not pay more than the actual amount of the loss or damage. 11. Legal Action Against Us No one may bring a legal action against us under this insurance unless: a. There has been full compliance with all of the terms of this insurance; and b. The action is brought within one year after the date on which the direct physical loss or damage occurred. 12. Liberalization If we adopt any revision that would broaden the coverage under this policy without additional premium within 45 days prior to or during the policy period, the broadened coverage will immediately apply to this policy. 13. Mortgageholders a. The term mortgageholder includes trustee. MECP12151221 Includes copyrighted material of Insurance Services Office, Inc., Page 3 of 5 with its permission. b. We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown in the Declarations in their order of precedence, as interests may appear. c. The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. d. If we deny your claim because of your acts or because you have failed to comply with the terms of this policy, the mortgageholder will still have the right to receive loss payment if the mortgageholder: (1) Pays any premium due under this policy at our request if you have failed to do so; (2) Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and (3) Has notified us of any change in ownership, occupancy, or substantial change in risk known to the mortgageholder. All of the terms of this policy will then apply directly to the mortgageholder. e. If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this policy: (1) The mortgageholder's rights under the mortgage will be transferred to us to the extent of the amount we pay; and (2) The mortgageholder's right to recover the full amount of the mortgageholder's claim will not be impaired. At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event, your mortgage and note will be transferred to us and you will pay your remaining mortgage debt to us. f. If we cancel this policy, we will give written notice to the mortgageholder at least: (1) 10 days before the effective date of cancellation if we cancel for your nonpayment of premium; or (2) 30 days before the effective date of cancellation if we cancel for any other reason. g. If we elect not to renew this policy, we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy. 14. No Benefit To Bailee No person or organization, other than you, having custody of Covered Property will benefit from this insurance. 15. Other Insurance a. You may have other insurance subject to the same plan, terms, conditions, and provisions as this insurance. If you do, we will pay our share of the covered loss or damage. Our share is the proportion that our applicable Limit of Insurance bears to the limits of all insurance covering on the same basis. b. If there is other insurance covering the same loss or damage other than that described in a. above, we will pay only for the amount of covered loss or damage in excess of the amount due from that other insurance, whether you can collect on it or not. But we will not pay more than our applicable Limit of Insurance. 16. Pair, Set, Or Parts In the event of loss of or damage to any: a. Article or articles which are a part of a pair or set, the measure of loss of or damage to such article or articles shall be a reasonable and fair proportion of the total value of the pair or set, giving consideration to the importance of such article or articles, but in no event shall such loss or damage be construed to mean total loss of the pair or set; or b. Part of Covered Property consisting of several parts when complete, we will only pay for the value of the lost or damaged part. 17. Policy Period, Coverage Territory Under this policy: a. We cover loss or damage commencing: (1) During the policy period shown in the Declarations; and MECP12151221 Includes copyrighted material of Insurance Services Office, Inc., Page 4 of 5 with its permission. (2) Within the coverage territory. b. The coverage territory is: (1) The United States of America (including its territories and possessions); and (2) Canada. 18. 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. 19. Salvage And Recovery If we pay you for the loss, and the lost or damaged property is recovered, or payment is made by those responsible for the loss, the following provisions apply: a. You must notify us promptly if you recover property or receive payment; b. We must notify you promptly if we recover property or receive payment; c. Any recovery expenses incurred by either are reimbursed first; d. You may keep the recovered property or payment received, but you must refund to us the amount of the claim paid or any lesser amount to which we agree; and e. If the claim paid is less than the agreed loss due to a deductible or other limiting terms of this policy, any recovery will be prorated between you and us based on our respective interest in the loss. 20. Transfer Of Your Rights And Duties Under This Policy Your rights and duties under this policy may not be transferred without our written consent except in the case of death of an individual named insured. If you die, your rights and duties will be transferred to your legal representative, but only while acting within the scope of duties as your legal representative. Until your legal representative is appointed, anyone having proper temporary custody of your property will have your rights and duties, but only with respect to that property. 21. Transfer Of Rights Of Recovery Against Others To Us If any person or organization to or for whom we make payment under this insurance 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 your Covered Property or Covered Income; b. After a loss to your Covered Property or Covered Income only if, at time of loss, that party is one of the following (1) Someone insured by this insurance; (2) Your tenant; or (3) A business firm: (a) You own or control; or (b) That owns or controls you. This will not restrict your insurance. All other terms and conditions remain unchanged. MECP12151221 Includes copyrighted material of Insurance Services Office, Inc., Page 5 of 5 with its permission. ill MARKEL COMMERCIAL PROPERTY POLICY NUMBER: MKLV2XPR001879 EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF CERTIFIED ACTS OF TERRORISM All coverages, coverage parts or coverage forms included in the Property coverage section(s) of this policy are subject to the following conditions: 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, ME, MO, OR, WI All coverages, this Commercial policy. coverage Property and parts or Commercial coverage forms Inland attached Marine to GA, HI, IL, IA, NJ, NY, NC, RI, WA, WV All coverage Commercial forms Property attached coverages, to this policy. coverage parts or 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 the provisions of this endorsement: "Certified act of terrorism" means an act that is certified by the Secretary of the Treasury 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: 1. 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 2. 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. B. The following exclusion is added: CERTIFIED ACT OF TERRORISM EXCLUSION We will not pay for loss or damage caused directly or indirectly by a "certified 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. C. Exception Covering Certain Fire Losses The following exception to the exclusion in Paragraph B. applies only if indicated and as indicated in the Schedule of this endorsement. If a "certified act of terrorism" results in fire, we will pay for the loss or damage caused by that fire. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the coverage does not MECP P 1304 05 16 Includes copyrighted material of Insurance Services Office, Inc. Page 1 of 2 with its permission. apply to insurance provided under any other types of coverage forms or endorsements, including but not limited to Business Income and/or Extra Expense coverages or any other time element or consequential coverages. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. Application Of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this coverage form or policy, such as losses excluded by a nuclear hazard exclusion or a war and military action exclusion. All other terms and conditions remain unchanged. MECP P 1304 05 16 Includes copyrighted material of Insurance Services Office, Inc. Page 2 of 2 with its permission. ill MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - ASBESTOS This endorsement modifies insurance provided under all Property and similar or related coverage forms attached to this policy. The following exclusion is added and is therefore not a Covered Cause Of Loss: We will not pay for loss or damage arising out of, resulting from, or related in any way to 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. Asbestos Asbestos, asbestos -containing material or any material or substance containing asbestos or that is alleged to have contained asbestos. We shall have no duty of any kind with respect to any such loss or damage. All other terms and conditions remain unchanged. MECP 1315 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 1 with its permission. III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - EQUIPMENT BREAKDOWN This endorsement modifies insurance provided under all Property and similar or related coverage forms attached to this policy. The following exclusion is added and is therefore not a Covered Cause Of Loss: 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. Equipment Breakdown 1. Mechanical or machinery breakdown, including rupture or bursting caused by centrifugal force. 2. Electrical or electronic breakdown; or 3. Rupture, bursting, bulging, implosion, or steam explosion, which originate within: a. Steam boilers; b. Steam turbines; c. Steam engines; d. Steam pipes; or e. Gas turbines; including equipment attached to and forming a part of thereof. But if an excluded loss described above results in loss or damage caused by fire, water or other means to extinguish a fire, or combustion explosion other than from any of the property described in this exclusion, then we will pay for that resulting loss or damage. All other terms and conditions remain unchanged. MECP P 1316 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 1 with its permission. ill MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - BIOLOGICAL, RADIOLOGICAL OR CHEMICAL MATERIALS This endorsement modifies insurance provided under all Property and similar or related coverage forms attached to this policy. The following exclusion is added and is therefore not a Covered Cause Of Loss: 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. Biological, Radiological Or Chemical Materials Loss or damage caused directly or indirectly by the actual or threatened malicious use of pathogenic or poisonous biological, radiological or chemical materials, whether in time of peace or war, and regardless of who commits the act. All other terms and conditions remain unchanged. MECP P 1317 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 1 with its permission. III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - POLLUTION This endorsement modifies insurance provided all Property and similar or related coverage forms attached to this policy. A. The following exclusion is added and is therefore not a Covered Cause Of Loss: We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless or any other cause or event that contributes concurrently or in any sequence to the loss. Pollution The discharge, dispersal, seepage, migration, release, escape or existence of contaminants or "pollutants". This exclusion applies regardless of whether there is any: 1. Direct physical loss or damage to Covered Property; 2. Loss of use, occupancy or functionality or decreased valuation of Covered Property or loss of Business Income; 3. Cost of removal, treatment, disposal, decontamination, replacement or restoration of Covered Property which has been contaminated by toxic or hazardous substances, contaminants or "pollutants" and by law or civil authority must be removed, contained, treated, detoxified or neutralized, disposed of, decontaminated, replaced or restored; or 4. Suit or administrative proceeding or action involving the insured. But if the discharge, dispersal, seepage, migration, release, escape or existence of contaminants or "pollutants" results in a "specified cause of loss", we will pay for the loss or damage caused by that "specified cause of loss". B. The following definitions are added and replace any similar definition in any primary or underlying excess policy: "Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals, toxic or hazardous substances and waste. Waste includes materials to be, or that have been, recycled, reconditioned or reclaimed. "Specified causes of loss" means the following: fire; lightning; explosion; windstorm or hail; smoke; aircraft or vehicles; riot or civil commotion; vandalism or malicious mischief; leakage from fire -extinguishing equipment; sinkhole collapse; volcanic action, falling objects; weight of snow, ice or sleet; and water damage. 1. Sinkhole collapse means the sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or dolomite. This cause of loss does not include: a. The cost of filling sinkholes; or b. Sinking or collapse of land into man-made underground cavities. 2. Falling objects does not include loss or damage to: a. Personal property in the open; or b. The interior of a building or structure, or property inside a building or structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object. 3. Water damage means: MECP P 1322 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 2 with its permission. a. Accidental discharge or leakage of water or steam as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance (other than a sump system including its related equipment and pads), that is located on the described premises and contains water or steam; and b. Accidental discharge or leakage of water or waterborne material as the direct result of the breaking apart or cracking of a water or sewer pipe that is located off the described premises and is pad of a municipal potable water supply system or municipal sanitary sewer system, if the breakage or cracking is caused by wear and tear. But water damage does not include loss or damage otherwise excluded under the terms of any water exclusion included in this policy. To the extent that accidental discharge or leakage of water falls within the criteria set forth in 3.a. or 3.b. of this definition of "specified causes of loss," such water is not subject to the provisions of any water exclusion which precludes coverage for surface water or water under the surface of the ground. All other terms and conditions remain unchanged. MECP P 1322 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 2 with its permission. ill MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - ORGANIC PATHOGENS This endorsement modifies insurance provided under all Property coverage forms attached to this policy. A. The following exclusion is added and is therefore not a Covered Cause Of Loss: We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. Organic Pathogens Presence, growth, proliferation, spread or any activity of "organic pathogens". This exclusion applies regardless of whether there is any: 1. Direct physical loss or damage to Covered Property; 2. Loss of use, occupancy or functionality or decreased valuation of Covered Property or loss of Business Income; 3. Action required, including but not limited to, testing, repair, replacement, removal, clean-up, abatement, disposal, relocation, or actions taken to address medical or legal concerns; or 4. Suit or administrative proceeding, or action involving the insured. This exclusion replaces any "Fungus", Wet Rot, Dry Rot And Bacteria exclusion or other similar exclusion in this policy. B. With respect to this exclusion, the following definitions are added and replace any similar definitions in this policy: 1. "Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by- products produced or released by fungi. 2. "Organic pathogen" means: a. Any organic irritant or contaminant including, but not limited to, "fungus", wet or dry rot, bacteria, virus or other microorganisms of any type, and their by-products such as spores or mycotoxins; or b. Any disease -causing agent as classified by the Environmental Protection Agency. All other terms and conditions remain unchanged. MECP P 1326 09 14 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 1 with its permission. III MARKEL COMMERCIAL PROPERTY POLICY NUMBER: MKLV2XPR001879 EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - TERRITORIAL SCHEDULE Excluded Territory: Belarus (Republic of Belarus); Russian Federation; and Ukraine (including the Crimean Peninsula and the Donetsk and Luhansk regions). The following exclusion is added to this policy or reinsurance agreement, as applicable, and supersedes any other similar exclusions and any contrary provisions. This policy or reinsurance agreement, as applicable, excludes any loss, damage, liability, cost, or expense of whatsoever nature, directly or indirectly, arising from or with respect to any: 1. Entity domiciled, resident, located, incorporated, registered, or established in an "excluded territory"; 2. Individual that is resident in or located in an "excluded territory"; 3. Claim, action, suit, or enforcement proceeding brought or maintained in an "excluded territory"; or 4. Payment in an "excluded territory". With respect to this exclusion, "excluded territory" means the countries or regions shown in the Schedule of this endorsement. All other terms and conditions remain unchanged. MECP13341022 Pagel of III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY OR REINSURANCE AGREEMENT. PLEASE READ IT CAREFULLY. EXCLUSIONS - GOVERNMENTAL ACTION AND WAR The following exclusions are added to this policy or reinsurance agreement, as applicable, and supersede any other similar exclusions and any contrary provisions. This policy or reinsurance agreement, as applicable, excludes any loss, damage, liability, cost, or expense of whatsoever nature, directly or indirectly, arising from or with respect to: Governmental Action Expropriation, nationalization, seizure, confiscation, quarantine, or destruction of property by order of the government de jure or de factor, or any public, municipal, or local authority. However, the insurer or reinsurer, as applicable, will pay for loss or damage caused by or resulting from acts of destruction ordered by government de jure or de factor, or any public, municipal, or local authority and taken at the time of a fire to prevent its spread, if the fire would otherwise be covered. War 1. War, civil war, invasion, hostilities, or warlike operations (whether war is declared or not), or 2. Insurrection, rebellion, revolution, usurped power, or action taken by government de jure or de factor in hindering or defending against any of these. All other terms and conditions remain unchanged. MECP13351022 Pagel of III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY OR REINSURANCE AGREEMENT. PLEASE READ IT CAREFULLY. EXCLUSION - SANCTIONS The following exclusion is added to this policy or reinsurance agreement, as applicable,: Sanctions This policy or reinsurance agreement, as applicable, does not provide any coverage, and the insurer or reinsurer, as applicable, shall not make payment of any claim or provide any benefit hereunder to the extent that the provision of such coverage, payment of such claim, or provision of such benefit would expose the insurer or reinsurer, as applicable, to a violation of 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. All other terms and conditions remain unchanged. MECP 1336 10 22 Page 1 of 1 ill MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - CYBER INCIDENT AND ELECTRONIC DATA WITH ENSUING FIRE AND EXPLOSION EXCEPTIONS This endorsement modifies insurance provided under the Commercial Property Coverage Part. A. The following condition is added: Electronic Data Valuation Notwithstanding any provision to the contrary within the Coverage Form or any endorsement thereto, the following modifies coverage for direct physical loss or direct physical damage to data processing media containing "electronic data" insured by this policy. The basis of loss adjustment shall be as follows: a. If the data processing media is repaired, replaced, or restored, the basis of valuation will 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. b. If the data processing media is not repaired, replaced, or restored, the basis of valuation will be the cost of the blank data processing media. These costs will not include: (1) Research and engineering, nor any costs of recreating, gathering, or assembling the "electronic data"; or (2) Any amount pertaining to the value of such "electronic data" to the insured or any other party, even if such "electronic data" cannot be recreated, gathered, or assembled. B. The following exclusion is added: Cyber Incident And Electronic Data (1) We will not pay for loss, damage, cost, or expense caused directly or indirectly by any of the following: (a) A "cyber incident"; (b) Theft or the transfer of property arising out of a "cyber incident"; (c) Any action taken in controlling, preventing, suppressing, or remediating a "cyber incident"; or (d) Any partial or total unavailability or failure, or series of related partial failures, to access, process, use, or operate any "computer system". (2) We will not pay for any loss, loss of use, damage, destruction, distortion, erasure, corruption, reduction in functionality, repair, replacement, restoration, or reproduction of "electronic data" arising out of a "cyber incident". This exclusion applies regardless of any other cause or event that contributes concurrently or in any sequence to the loss. However, if loss or damage described in Paragraph (1) or (2) of this exclusion results in fire or explosion, we will pay for the loss or damage caused by that fire or explosion if otherwise covered by this Coverage Form. This exclusion applies regardless of: MECP 1341 02 22 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 2 with its permission. (a) Any provision or endorsement to the contrary and supersedes any conflicting language in this Coverage Form; (b) Actual, imminent, or suspected loss or damage; (c) "Electronic data" or "computer systems" owned, leased, or operated by an insured or any other party; (d) Amounts pertaining to the value of "electronic data"; (e) Acts, costs, or expenses to sue, labor and travel for, in, and about, the defense, safeguarding, and recovery of property, including "computer systems" or "electronic data"; or (f) Legal costs, expenses, or fees. C. The following definitions are added with respect to this endorsement: "Computer system" means any information technology or operational technology, including computers, any software and code residing on such computers, network equipment, hardware, firmware, mainframes, servers, electronic products or components, peripheral devices, data storage devices, and any associated devices or equipment (including computers, hardware, software, and input and output devices which are part of an industrial control system, including a supervisory control and data acquisition (SCADA) system) owned or operated by the insured or any other party "Cyber incident" means: a. The unauthorized access or use of a "computer system" or "electronic data" by any means including, but not limited to, malicious code, virus, malware, or ransomware, regardless of time and place; b. A threat or hoax, or a series of connected threats involving access to, processing of. use of, or operation of any "computer system"; or c. Any error or omission or series of related errors or omissions involving access to, processing of, use of, or operation of any "computer system". "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 programs, software, and other coded instructions for the processing and manipulation of data, or the direction and manipulation of such equipment. All other terms and conditions remain unchanged. MECP 1341 02 22 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 2 with its permission. III MARKEL COMMERCIAL PROPERTY EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ARBITRATION CONDITION This endorsement modifies insurance provided under all Property, Difference In Conditions, and similar or related coverage forms attached to this policy. A. The following condition is added to this policy and supersedes any other similar conditions or contrary provisions in the policy. Arbitration All matters in dispute between an insured and us (hereinafter referred to as "the Parties") in relation to this insurance, including its formation, validity, applicability, and amount of loss, whether arising during or after the policy period, must be referred to an Arbitration Tribunal in the manner set out in this endorsement. 1. Unless the Parties otherwise agree, the Arbitration Tribunal will consist of disinterested persons currently or formerly employed or engaged in a senior position in insurance underwriting or claims by an insurer. The arbitrators may not have any interest or claimed interest in the outcome of the arbitration, including any contingency interest or an assignment of any portion of the claim. If the Parties do not agree upon a single arbitrator within 30 days of one receiving a written request from the other for arbitration, the party requesting arbitration must appoint its arbitrator and give written notice thereof to the party receiving the request for arbitration. Within 30 days of receiving such notice, the responding party must appoint its arbitrator and give written notice of its selection to the party requesting arbitration. If the responding party does not provide written notice of its selected arbitrator within 30 days of receiving the requesting party's notice, the requesting party may nominate an arbitrator on behalf of the responding party. The two arbitrators will then select an umpire. If the two arbitrators fail to agree on the selection of the umpire within 30 days of the appointment of the second arbitrator, each arbitrator will submit to the other a list of three umpire candidates. Each arbitrator will then select one name from the list submitted by the other. The umpire will be selected from the two names chosen by a lot drawing procedure to be agreed upon by the arbitrators. The Arbitration Tribunal will consist of the umpire and the two arbitrators. 2. The Arbitration Tribunal will have the power to fix all procedural rules for the arbitration, including discretionary power to make orders as to any matter that it may consider proper in the circumstances of the case with regard to pleadings, discovery, inspection of documents, examination of witnesses, and any other matter relating to the conduct of the arbitration. The Arbitration Tribunal may receive and act upon such evidence at its discretion, regardless of whether that evidence is oral or written or strictly admissible. 3. The seat of the arbitration will be in New York, unless another location is agreed to by the Parties and the Arbitration Tribunal. The Arbitration Tribunal will apply the laws of New York when resolving all matters in difference between the Parties, regardless of the location of the arbitration. 4. The Arbitration Tribunal may not award exemplary, punitive, multiple, or other damages of a similar nature. 5. Each party will each bear its own costs, expenses, and attorney's fees in any arbitration proceeding. Each party will also bear the costs of its own arbitrator and will bear, jointly and equally with the other party, the costs of the umpire. The Arbitration Tribunal will allocate the remaining costs of the arbitration. MECP 2214 04 23 Includes copyrighted material of Insurance Services Office, Inc., Page 1 of 2 with its permission. 6. The decision of the Arbitration Tribunal will be in writing and binding upon the Parties. If either of the Parties fails to fulfill the provisions of the decision of the Arbitration Tribunal. the other may apply for its enforcement as permitted by the appropriate judicial or other governing body. B. The provisions in this Arbitration condition are severable, and if any portion is found to be unenforceable, all other parts thereof will remain valid and enforceable. All other terms and conditions remain unchanged. MECP 2214 04 23 Includes copyrighted material of Insurance Services Office, Inc., Page 2 of 2 with its permission. ill MARKEL EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SERVICE OF SUIT Except with respect to any policy issued in any state in which the insurer is licensed as an admitted insurer to transact business, it is agreed that in the event of the failure of the insurer to pay any amount claimed to be due hereunder, the insurer, at the request of the named insured, will submit to the jurisdiction of a court of competent jurisdiction within the United States 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. Nothing in this clause constitutes or should be understood to constitute a waiver of the insurer'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. It is further agreed that service of process in such suit may be made upon Secretary, Legal Department, Markel Service, Incorporated, 10275 West Higgins Road, Suite 750, Rosemont, Illinois 60018, and that in any suit instituted against the insurer upon this policy, the insurer will abide by the final decision of such Court or of any Appellate Court in the event of an appeal. Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefor, the insurer hereby designates the Superintendent, Commissioner, or Director of Insurance or other official specified for that purpose in the statute, or his/her successor or successors in office, as its 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 named insured or any beneficiary hereunder arising out of this policy, and hereby appoints the above -named as the person to whom the said statutory designee is authorized to mail such process or a true copy thereof. MEIL L 1200 03 23 Page 1 of I ill MART EL POLICY NUMBER: MKLV2XPR001879 EVANSTON INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MINIMUM EARNED PREMIUM AMENDMENT ENDORSEMENT The following modifies all coverage forms and coverage parts attached to this policy. If this insurance policy is canceled at your request, there will be a Minimum Earned Premium retained by us of $40,250 or 35% (percent) of the premium, whichever is the greater. Cancellation for nonpayment of premium is considered a request by the first Named Insured for cancellation of this policy. All other terms and conditions remain unchanged. MEIL 1211 06 10 Page 1 of 1 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. 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 — 90 Days from the date of acquisition; 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. Any Builders' Risks, Renovations, Repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 14 H. $ I $ J. $ K. $ L. $ M. $ N . $ O. $ P . $ Q. $ R. $ S . T. $ U . $ V. $ W. $ 1,000,000 500,000 250,000 250,000 2,500,000 100,00 50,000 10, 000, 000 10, 000, 000 1 000 000 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 Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum Unnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense Property in Transit $ 10,000,000 Contractors' Equipment subject to maximum $1,500,000 per item 5,000,000 Fine Arts subject to maximum $500,000 per item 1,000,000 Fire Fighting Materials 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes 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 Policy Term: January 1, 2024 to January 1, 2025 Page 2 of 14 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 $1,000,000 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 ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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 Policy Term: January 1, 2024 to January 1, 2025 Page 3 of 14 Definitions/Provisions 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, and 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 an 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. Any builders' risks, renovations, repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 4 of 14 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. 8. ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, inherent vice or latent defect. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 5of14 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; 6. 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over $5,000,000 the Company will charge an additional premium. For Property with values under $5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B. MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will provide the Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1st of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 6 of 14 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 7 of 14 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 12. EXAM INIATION 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 Policy Term: January 1, 2024 to January 1, 2025 Page 8 of 14 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 (30) 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 9 of 14 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 10 of 14 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. 26. 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. 27. 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. 28. 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 Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy.. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 11 of14 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 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 12 of 14 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 13 of 14 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 a direct result of physical loss or damage by fire, lightning, 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 damage 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 Policy Term: January 1, 2024 to January 1, 2025 Page 14 of 14 ENDORSEMENT A EXCESS CLAUSE 1. EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non - concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 C. In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects those perils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Lincoln 2 Archuleta 27 Logan 3 Baca 28 Mineral 4 Bent 29 Moffat 5 Chaffee 30 Montezuma 6 Cheyenne 31 Montrose 7 Clear Creek 32 Morgan 8 Conejos 33 Otero 9 Crowley 34 Ouray 10 Custer 35 Park 11 Delta 36 Phillips 12 Dolores 37 Prowers 13 Elbert 38 Pueblo 14 Fremont 39 Rio Blanco 15 Garfield 40 Rio Grande 16 Gilpin 41 Routt 17 Grand 42 Saguache 18 Gunnison 43 San Juan 19 Hinsdale 44 San Miguel 20 Huerfano 45 Sedgwick 21 Jackson 46 Summit 22 Kiowa 47 Teller 23 Kit Carson 48 Washington 24 Lake 49 Yuma 25 Las Animas ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Equipment Breakdown 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, 2024 to January 1, 2025 GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 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; 10. Evidence of debt; 11. 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: 11. 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; 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; Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. N O WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. S UIT AGAINST THE COMPANY N o suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 n uclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or u ncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, n uclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss. ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2. SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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). Page 1of1 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 2. 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 c) by using or increasing operations elsewhere, then such possible reduction shall be taken into account in arriving at the amount of loss hereunder. 3. 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage 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 Direct Physical Loss or Damage occurred. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of US$25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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 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. NMA2918 08/10/2001 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 RISK PLACEMENT IL SERVICES Risk Placement Services, Inc. - Atlanta 3655 North Point Parkway Suite 600 Alpharetta, GA 30005 Phone: Fax: Apr 18, 2024 Attn: AJG - Centennial - Risk Mgmt Insured: Colorado Counties Casualty and Property Pool Policy #: R1 -A3 -PP -0000006-01 Carrier: Princeton Excess & Surplus Lines Insurance Company Coverage Type: BRK Commercial Property Coverage Term: 1/1/2024 to 1/1/2025 Thank you for placing the attached policy with RPS. While we have reviewed the document against our quote/binder, please now check the policy, and then review the final coverage provided with the insured, keeping in mind that it may not be as broad as their original application / request or previous coverage. If you discover errors, please contact us immediately, and our Account Executive will work with you to make adjustments (which require insurer acceptance of endorsements that may be needed). Also included is a combined document of certain advisory notices (RPS159). While this is not a part of the policy, you will find that it provides helpful reminders for both the insured and your staff such as Certificates, Cancellations, Minimum Earned, etc, so you and the insured are aware of how we handle certain issues. Again, thank You for your business, and please let us know if there is any further insurance we could provide to this insured, similar style accounts, or any placement where you may need our help. RPS prides itself in having many markets and most every line of business specialty in one of our offices — please give us a chance to write something more for you! RPS Acct Exec: Stephen Adair Contacts: (770) 829-3363 stephen_adair@rpsins.com Team Member: Daniel Warner Contacts: (770) 829-3362 daniel_warner@rpsins.com RisK Mne PLACEMENT Ikr4N7 SERVICES RPS Specialty Market Policy Notices for the Policy Holder and Retail Producer This form is NOT a part of the policy and does NOT amend policy wording, but is designed to be delivered when the policy is provided to the Policy Holder. When using "you" or "your" the form is addressing the Policy Holder; when using "Producer" it refers to the Retail Producing Entity and/or their production person; RPS is used for Risk Placement Services, Inc. Assignment: This Policy or Certificate may not be assigned to another entity without the written consent of the Insurer. The policy wording should be reviewed carefully for this provision before any assignment attempt is made. Audits: If your insurance policy includes general liability, product liability and/or completed operations liability, your policy is subject to an audit on a Minimum and Deposit basis. Liability premiums are often calculated using estimated exposures for a future period of time, for example gross annual sales, payroll and subcontractor costs. At the end of your policy period, the company may audit the actual exposures for your policy period. If the exposures are higher than estimated, additional premium will be due. If the exposures are lower than estimated, and the premium already paid is a Minimum and Deposit premium then no premium adjustment will be made, and no return premium will be issued. The Producer should review any Audit Condition from the policy with you. The Producer is responsible for collecting any audit premiums due within 20 days of the billing, unless otherwise noted. Binding Coverage: Coverage can only be bound after a written request is received and acknowledged by RPS. Cancellation: The policy has specific cancellation provisions that should be reviewed, and may be subject to special endorsements based on the State regulations. Flat cancellations are not allowed. In order to cancel you need to make written request in advance of the requested date. The policy also contains provisions that establish minimum earned premiums, minimum and deposit premiums or fully earned premiums. Cancellation for non-payment of premium, including failure to pay outside financing, is generally considered to be at the request of the Insured and therefore subject to financial penalties as described in the policy. If a Notice of Cancellation is sent for non-payment, there may be a Service Fee (not a premium) required to effect a rescission of the Notice. The amount of the fee will typically be shown on the Notice, and must be paid by the party requesting the rescission. The policy may not continue if the Service Fee is not paid. Certificates of Insurance: You may request Certificates of Insurance from the Producer that placed your insurance policy. Such Certificates cannot contain wording contrary to the Policy Coverage as provided. Additional Insureds, often requested with Certificates of Insurance, generally require an Additional Premium, and can only be added after the Insurer knows of the insurable interest and accepts the entity as being added to the policy. Producers can access the RPS website to obtain many Certificates or make special coverage change requests via endorsement as needed to satisfy certain Certificate Holders, keeping in mind such additional coverages may require additional premium charges. Claims Reporting: Report all claims as soon as possible. The policy will define what constitutes a claim. The policy contains specific address, phone, or website information as to where and how to report a claim. Most Insurers maintain 24/7 service of such numbers. Your Producer may also assist you with filing a claim, and they have access to the RPS website https://my.rpsins.com/claimsfnol and/or RPS claim reporting toll free number 1-844-777-8323 to do so, however, you should review the claim reporting provision of the policy. If your policy is a "claims -made" policy, it is essential to understand what constitutes a claim from the language in the policy, and also know that all claims must be reported to the insurer as soon as possible. Both the policy and your broker can instruct you how and where to submit a claim. If a claim is reported after the time period specified in the policy, the insurer may deny coverage. Do not offer to compromise or settle any claim or demand without the insurer's prior agreement, or you will risk losing coverage. Coverage: This policy may not be as broad in scope as the policy it replaces nor as the coverage requested. This policy was issued to reflect the coverage as quoted by RPS to your Producer. Your Producer should review the entire contract of insurance with you. Endorsements: Additional coverage, changes or revisions are subject to acceptance of the Insurer and must be endorsed to the policy. The Producer has no authority to endorse or change the policy, but should submit in writing the requested changes to RPS who will work with the Insurer to effect endorsement's acceptability to the Insurer. Coverage is not in force until confirmed by RPS. RPS-159 (2020.09) Page 1 of 2 ne RISK • PLACEMENT kr417 SERVICES Fees: Unless otherwise noted, all Fees are fully earned at the time of placement of this insurance and are not subject to pro -rata return if the policy is cancelled. Financing: Any premium financing is a contractual relationship between the Premium Finance Company (PFC) and the Borrower. The Insurer, Agents, nor Brokers are parties to the Finance Agreement, and policy wording will not be amended to any contractual provisions therein. All such contracts must be set up showing the Insurer's Name c/o Risk Placement Services, Inc., using the RPS branch address where the policy was placed. Once financed, it is the duty of the Producer to inform the PFC of any changes to the contract, additional or return premiums, and cancellation of the policy. Forms Signed & Returned: The policy may have been delivered with forms that require the signature of the Named Insured. Such forms should be signed and returned to the Producer immediately, so they can in turn provide them to RPS, who will post them to the Insurer files. Inspections: To keep coverage in force, an inspection may be required, and provisions for this are in the policy. Producer should review with the Policy Holder the need to arrange site appointments with inspectors, who may be vendors. Minimum Earned Premium: This quotation/policy may include a Minimum Earned Premium provision, expressed as a percentage and/or dollar amount. This means that if the insurance policy is cancelled by you for any reason, the company will retain no less than the Minimum Earned Premium. Example: The policy premium is $1.000 and the Minimum Earned Premium is 25%. The policy is an annual policy and is cancelled after 2 days of being in force. The company would retain at least 25% of the premium ($1,000 X 25% = $250 and return no more than $750. Producer Not Agent: The Producer is a representative of the Policy Holder / Named Insured, and as such does not act as an Agent of the Insurer nor of RPS. Transportation Policies: Report all newly hired drivers as soon as possible. Report all newly acquired vehicles prior to putting them in service and/or on the road. RPS-159 (2020.09) Page 2 of 2 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY Placed by: Risk Placement Services, Inc. 555 College Road East, Princeton, New Jersey 08543-5241 Phone: (800) 305-4954 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. STEPHEN ADAIR Surplus Lines Licensed Producer Policy No. R1 -A3 -PP -0000006-01 Commercial Property Policy DECLARATIONS Renewal of Number: Policy Issue Date: Producer No.: Item 1. Named Insured and Mailing Address: Colorado Counties Casualty and Property Pool c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 Item 2. Item 3. Item 4. Item 5. R1 -A3 -PP -0000006-00 04/01/2024 B00685 Originating Producer's Name and Mailing Address: Risk Placement Services, Inc. 3655 North Point Parkway, Suite 600 Alpharetta, GA 30005 Licensed Surplus Lines Producer: Risk Placement Services, Inc. 2850 Golf Road Rolling Meadows, IL 60008 License No.: 939923 Joel D. Cavaness Named Insured is: ❑ Individual, ❑ Partnership, ❑ Corporation, ❑ Joint Venture, ® Other Casualty & Pro ert Pool Policy Period: From: 01/01/2024 to 01/01/2025 at 12:01 A.M. Standard Time at location of the insured property Premium: $425,000 Limits of Insurance: Forms and Endorsements: Authorization: Premium : $ 425,000.00 CO Surplus Lines Tax : $ 12,750.00 Total Charges : $ 437,750.00 Date: Terrorism Premium (Certified Acts): $ N/A Minimum Premium: $148,750 $2,500,000 per occurrence or 10% part of $25,000,000 per occurrence, excess of policy deductibles and subject to policy sublimits See Schedule of Forms and Endorsements In Witness Whereof, the Company issuing this policy has caused this policy to be signed by its authorized officers. The Princeton Excess and Surplus Lines Insurance Company Hereinafter Referred To As The Company Ignacio Rivera Assistant Deputy General Counsel and Assistant Secretary • Adrienne W. Mageras President 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) Licensed Producer Signature, if required by law IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, INSURANCE IS PROVIDED TO THE ABOVE NAMED INSURED BY THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY. THESE DECLARATIONS, TOGETHER WITH THE ATTACHED FORMS AND ENDORSEMENTS, AND ANY FORMS AND ENDORSEMENTS THAT MAY LATER BE ATTACHED TO REFLECT CHANGES, MAKE UP AND COMPLETE THE ABOVE NUMBERED POLICY. Declarations/Schedule of Forms and Endorsements Page 1 of 2 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY Schedule of Forms and Endorsements COMMERCIAL PROPERTY POLICY Effective date of this Schedule: 01/01/2024 Attached to and forming part of Issue date: 04/01/2024 Policy No.: R1 -A3 -PP -0000006-01 Issued To: Colorado Counties Casualty and Property Pool The following is a schedule of Forms and Endorsements issued with the policy at inception: Form ID Number: FF PR 1300 05 22 ENDORSEMENT NO. 1 NMA2915 (25.1.01) ENDORSEMENT NO. 2 PR ES 10 02 01 22 ENDORSEMENT NO. 3 PR ES 10 05 01 22 ENDORSEMENT NO. 4 PR ES 14 22 01 22 ENDORSEMENT NO. 5 SLSOP 10 14 ENDORSEMENT NO. 6 VL ES 21 01 03 22 ENDORSEMENT NO. 7 VL PR 1605 02 22 ENDORSEMENT NO. 8 PR ES 10 03 01 22 ENDORSEMENT NO. 9 PR ES 10 04 01 22 ENDORSEMENT NO. 10 PR ES 10 06 01 22 ENDORSEMENT NO. 11 PR ES 10 07 01 22 ENDORSEMENT NO. 12 PTERR 02 1/08 ILP0010104 Form Name: DECLARATIONS COMMERCIAL PROPERTY PRIMARY FOLLOW FORM POLICY ELECTRONIC DATA ENDORSEMENT B DIRECT PHYSICAL DAMAGE PROVISION ASBESTOS ENDORSEMENT ROOF LIMITATION ENDORSEMENT (15 years) SERVICE OF PROCESS ENDORSEMENT VIOLATION OF ECONOMIC OR TRADE SANCTIONS FOLLOWED POLICY ATTACHMENT ENDORSEMENT NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOACTIVE EXPLOSION, POLLUTION OR CONTAMINATION EXCLUSION CLAUSE MOLD/FUNGAL PATHOGENS EXCLUSION WAR AND MILITARY ACTION EXCLUSION COMMUNICABLE DISEASE EXCLUSION TERRORIST ACTIVITY EXCLUSION (WITH SFP EXCEPTIONS) 2024-2025 CAPP PRIMARY PROPERTY POLICY POLICYHOLDER NOTICES U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC") ADVISORY NOTICE TO POLICYHOLDERS CLAIMS NOTIFICATION Declarations/Schedule of Forms and Endorsements Page 2 of 2 COMMERCIAL PROPERTY PRIMARY FOLLOW FORM POLICY THESE COMMON POLICY CONDITIONS, TOGETHER WITH THE DECLARATIONS PAGE(S), COVERAGE FORM(S) AND ANY ENDORSEMENT(S) COMPLETE THE POLICY. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THE POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. Throughout this Policy, the words "you" and "your" or "insured" refer to the Named Insured shown In the Declarations, and any other person or organization qualifying as a Named Insured pursuant to the terms of the Followed Policy. The words "we", "us" and "our" refer to the Company providing this insurance as shown in the Declarations. INSURING AGREEMENT Subject to the limitations, terms and conditions contained in this Policy or added hereto and the Followed Policy, the Company agrees to indemnify the Insured named in the Declarations of this Policy in respect of: a) Our participation and share as described in the Declarations of this Policy; and b) while located or contained in property(ies) as described in the Declarations of this Policy and/or the Followed Policy; and c) occurring during the period stated in Declarations of this Policy; and d) caused by any covered perils as are set forth in the Followed Policy This insurance is subject to the same terms, conditions, agreements, exclusions, property and perils covered and definitions as the Followed Policy except as otherwise provided in this Primary Follow Form Policy or any Endorsements listed in the Declarations of this Policy. However, in no event will this insurance apply unless the Followed Policy applies or would apply. The limits of the Company's liability shall be as set forth in the Declarations of this Policy as our participation and share. We will follow the terms, conditions, agreements, exclusions, property and perils covered and definitions of this Followed Policy only as they exist as of the inception date of our Primary Follow Form Policy. Any endorsements or other changes to the terms, conditions, agreements, exclusions, property and perils covered and definitions of the Followed Policy after the inception of this Primary Follow Form Policy must be agreed to by us, in writing (although not necessarily by endorsement to this Primary Follow Form Policy). Once agreed to in writing, we will follow the amended terms as if they were part of the Followed Policy as of the date we agree to the endorsement or other change. NOTIFICATION OF CLAIMS: The insured, upon knowledge of any occurrence likely to give rise to a claim hereunder, shall give written notice thereof as soon as reasonably possible, but no later than 60 days after the occurrence is known to the insured, to the Company, or the Company's representative, if an alternative claims contact is provided to the insured. DEFINITIONS The bold face term appearing in this Policy has the meaning as set forth below: Followed Policy is the policy designated as the Followed Policy in the Followed Policy Attachment Endorsement. This is the policy that will govern terms, conditions, agreements, exclusions and definitions under this Primary Follow Form Policy, unless more specifically provided for in this Primary Follow Form Policy. Followed Policy shall also include those terms or conditions of any other policy that are incorporated by reference within the Followed Policy. F F PR 1300 05 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 1 ELECTRONIC DATA ENDORSEMENT B This Policy is subject to the following: 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) nor loss of use, reduction in functionality, cost, expense of whatsoever nature resulting there from, 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 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'. 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 2. Electronic Data Processing Media Valuation Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, itis 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. NMA2915 (25.1.01) Page 1 of 2 Form approved by Lloyd's Underwriters' Non -Marine Association Limited 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. All other terms and conditions of this Policy remain unchanged. NMA2915 (25.1.01) Page 2 of 2 Form approved by Lloyd's Underwriters' Non -Marine Association Limited THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 2 This policy is subject to the following: DIRECT PHYSICAL DAMAGE PROVISION With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: 1. Property Damage The insurer shall indemnify the insured only for any direct physical damage to the property insured which occurs at any time during the period of insurance unless specifically excluded and which results in property insured needing to be repaired or replaced, and occurs at the location listed in the policy schedule. The indemnity shall not exceed the sum insured specified in the schedule or any limit of indemnity that may be applicable 2. Time Element Section The insurer shall indemnify the insured only for a loss of the interest insured unless specifically excluded if at any time during the period of insurance the property insured under the property damage section suffers loss or damage indemnifiable under the property damage section or which would have been indemnifiable under the property damage section but for the application of a deductible, thereby directly causing or contributing to an interruption of or interference with the business insured. As respects all additional Time Element coverages, the insurer shall indemnify the insured only for a loss directly causing or contributing to an interruption of or interference with the business insured caused by direct physical damage to property of the type insured under this policy. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 10 02 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 3 This policy is subject to the following: ASBESTOS ENDORSMENT With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: 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 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 Perils first damaged the asbestos. However this policy does not insure any 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 PR ES 10 05 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 4 This Policy is subject to the following: ROOF LIMITATION ENDORSEMENT The coverage provided by this POLICY to which this Endorsement is attached is limited as respects direct physical loss or damage to ROOF SURFACING caused by WIND or HAIL as defined below. For the purpose of this Endorsement, the limit set forth in this Endorsement shall be applicable for physical loss or damage to ROOF SURFACING even if WIND or HAIL is included in the definition of another named peril within the Policyfor which another limit is applicable. A. In case of loss, the basis of adjustment for damage to ROOF SURFACING that has been in place on an insured building or structure for fifteen (15) years or longer will be ACTUAL CASH VALUE, at time and place of loss. B. The term "ROOF SURFACING" means: the roof surface material type (slate, composition, tile, metal, all other roof surface material) of a building or structure covered under this POLICY, and all other roofing components including, but not limited to: 1) flashing, caps, vents, drip edges, and ice shields; 2) sheeting, felt and membranes; 3) modified bitumen, bitumen, rubber, built-up and sprayed polyurethane foam roofing; 4) foam inserts and elastomeric coating, 5) finials, eave, and gable trim and snow guards; 6) battens, counter battens, bird stops, gravel stops, and 7) coatings, adhesives, adherents, and other finishing materials for roof surface materials and all other roofing components. C. The term "WIND" means: direct action of wind including substance driven by wind D. The term "HAIL" means: precipitation in the form of solid transparent or partially opaque balls or irregular lumps of concentric ice, and does not include sleet, snow and frozen or partly frozen rain E. This COMPANY shall not pay for COSMETIC DAMAGE to ROOF SURFACING caused by WIND or HAIL regardless of age. For the purpose of this endorsement, the term "COSMETIC DAMAGE" means marring, pitting or other superficial damage that altered the appearance of the ROOF SURFACING, but such damage does not prevent the roof from continuing to function as a barrier to entrance of the elements to the same extent as it did before the COSMETIC DAMAGE occurred. Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limitations, exclusionsor conditions of the POLICY, except as herein above set forth. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 14 22 01 22 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 5 This Policy is subject to the following: SERVICE OF PROCESS ENDORSEMENT This endorsement specifies that: We designate the Superintendent of Insurance, Insurance Commissioner, Director of Insurance, or other officer specified by law, pursuant to the laws of the State where this policy is delivered, as our true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted in the State in which this policy is delivered, by, or on behalf of, the Named Insured or any beneficiary hereunder arising out of this Policy. We designate the General Counsel of The Princeton Excess and Surplus Lines Insurance Company, 555 College Road East, Princeton, New Jersey 08543 as the person to whom the said officer is authorized to mail such process or true copy thereof. All other terms and conditions remain unchanged. SLSOP 10 14 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 6 This policy is subject to the following: VIOLATION OF ECONOMIC OR TRADE SANCTIONS We (the Insurer or the Company) shall not provide any coverage, pay any claim, or provide any benefit under this Policy, to the extent that the provision of such coverage, payment of such claim, or provision of such benefit is a violation of any sanction, prohibition or restriction under United Nations Resolutions or applicable trade or economic sanctions, embargo, laws or regulations, including but not limited to, those administered and enforced by the United States Treasury Department's Office of Foreign Assets Control (OFAC), the European Union or the United Kingdom. All other terms and conditions remain unchanged. VL ES 21 01 03 22 Copyright, 2022 Munich Reinsurance America, Inc. All rights reserved. Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 7 This Policy is subject to the following: FOLLOWED POLICY ATTACHMENT ENDORSEMENT This endorsement modifies insurance provided under: COMMERCIAL PROPERTY EXCESS FOLLOW FORM POLICY COMMERCIAL PROPERTY PRIMARY FOLLOW FORM POLICY Followed Policy Schedule Company Policy Broker Manuscript Form CAPP 24-25 Policy Form The insurance policy identified in the Followed Policy Schedule above shall be deemed the Followed Policy and is attached and made part of this policy. VL PR 1605 02 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 8 This policy is subject to the following: NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOACTIVE EXPLOSION, POLLUTION OR CONTAMINATION EXCLUSION With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: Notwithstanding any provision to the contrary within this Policy or any endorsement thereto, this Policy excludes absolutely any, loss, damage, cost, claim, expense, sum or other obligation of any kind or description directly or indirectly caused by, contributed to, resulting from, or arising out of or in connection with actual, threatened, feared or perceived use of any biological, chemical, radioactive or nuclear agent, material, device or weapon regardless of any other cause or event that contributes concurrently or in any sequence thereto. However, if fire results from any of the above, we will cover the resultant fire loss but only to the extent, if any, required by the Standard Fire Policy Statute in that state. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 10 03 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 9 This Policy is subject to the following: MOLD, FUNGAL PATHOGENS EXCLUSION With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: The insurance under this policy does not apply to: All loss, damage, cost or expense directly or indirectly caused by, arising out of, resulting from or in any manner related to Fungal Pathogens whether or not there is another cause of loss which may have contributed concurrently or in any sequence to a loss. As used in this endorsement, Fungal Pathogens means any fungus or mycota or any byproduct or type of infestation produced by such fungus or mycota, including but not limited to, mold, mildew, mycotoxins, spores or any biogenic aerosols. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 10 04 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 10 This Policy is subject to the following: WAR AND MILITARY ACTION EXCLUSION With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: We, the Company, will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. 1. War, including undeclared or civil war; 2. Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or 3. Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 10 06 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 11 This Policy is subject to the following: COMMUNICABLE DISEASE EXCLUSION With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: Notwithstanding any other provision of this Policy to the contrary, the Company does not insure any loss, cost, damage or expense directly or indirectly caused by, arising out of, resulting from, contributed by, or attributable to a communicable disease, or the fear or threat (whether actual or perceived) of a communicable disease; all regardless of any other cause or event, whether or not insured under this Policy, contributing concurrently or in any other sequence to the loss. As used herein, communicable disease means any infectious or contagious substance: 1. Including, not limited to, a virus, bacterium, parasite or other organism or any mutation thereof, whether deemed living or not, and 2. Regardless of the method of transmission, whether direct or indirect, including, but not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between humans, animals, or from any animal to any human or from any human to any animal, that can cause or threaten damage to human health or human welfare or causes or threatens damage, deterioration, loss of value, marketability or loss of use to tangible or intangible property insured hereunder. For avoidance of doubt, loss, cost, damage or expense, includes any cost to clean-up, detoxify, remove, monitor or test: (1) for a communicable disease or (2) any tangible or intangible property insured hereunder that is affected by such communicable disease. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED PR ES 10 07 01 22 Page 1 of 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty and Property Pool Policy No. R1 -A3 -PP -0000006-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT NO. 12 This policy is subject to the following: TERRORIST ACTIVITY EXCLUSION (WITH SFP EXCEPTIONS) I. With respect to this policy and any endorsements thereto, the following exclusion is added and supersedes any provision to the contrary: This insurance does not apply to: All loss, damage, cost or expense, caused by, resulting from, arising out of or related to, either directly or indirectly, any "Terrorist Activity," as defined herein, and any action taken to hinder, defend against or respond to any such activity. This exclusion applies regardless of any other cause or event that in any way contributes concurrently or in any sequence to the loss, damage, cost or expense. But, if the "Terrorist Activity" occurs in an "Exception State" and results in fire, we will pay for the loss or damage in such "Exception State" caused by that fire, but only to the extent, if any, required by the applicable Standard Fire Policy statute(s) in such state. However, this exception applies only to direct loss or damage by fire to covered property and not to any insurance provided for time element coverages, including but not limited to business interruption and extra expense. In no event shall this policy be construed to give coverage beyond the minimum requirements of the applicable Standard Fire Policy statute (and amendments thereto) in existence as of the effective date of the policy and governing such requirements with respect to any acts of terrorism. If the applicable law or regulation in any state permits the Commissioner or Director of Insurance or anyone in a similar position to grant the insurer approval to vary the terms and conditions of the Standard Fire Policy, and such approval has been granted in that state as of the effective date of this policy, this policy shall not provide coverage beyond the minimum requirements of the terms and conditions approved by the Commissioner or Director of Insurance or person in a similar position. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year (January 1 through December 31) and the Company has met their insurer deductible under the Terrorism Risk Insurance Act, the Company shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. For the purposes of this exclusion, A. "Terrorist Activity" shall mean any deliberate, unlawful act that: PTERR 02 1/08 Page 1 of 3 1. is declared by any authorized governmental official to be or to involve terrorism, terrorist activity or acts of terrorism; or 2 includes, involves, or is associated with the use or threatened use of force, violence or harm against any person, tangible or intangible property, the environment, or any natural resources, where the act or threatened act is intended, in whole or in part, to (a) promote, further or express opposition to any political, ideological, philosophical, racial, ethnic, social or religious cause or objective; or (b) influence, disrupt or interfere with any government related operations, activities or policies; or (c) intimidate, coerce or frighten the general public or any segment of the general public; or (d) disrupt or interfere with a national economy or any segment of a national economy; or 3. includes, involves, or is associated with, in whole or in part, any of the following activities, or the threat thereof: (a) hijacking or sabotage of any form of transportation or conveyance, including but not limited to spacecraft, satellite, aircraft, train, vessel, or motor vehicle; (b) hostage taking or kidnapping; (c) the use or threatened use of, or release or threatened release of any nuclear, biological, chemical or radioactive agent, material, device or weapon; (d) the use of any bomb, incendiary device, explosive or firearm; (e) the interference with or disruption of basic public or commercial services and systems, including but not limited to the following services or systems: electricity, natural gas, power, postal, communications, telecommunications, information, public transportation, water, fuel, sewer or waste disposal; (f) (g) the injuring or assassination of any elected or appointed government official or any government employee; the seizure, blockage, interference with, disruption of, or damage to any government buildings, institutions, functions, events, tangible or intangible property or other assets; or (h) the seizure, blockage, interference with, disruption of, or damage to tunnels, roads, streets, highways, or other places of public transportation or conveyance. B. Any of the activities listed in section A. 3. above shall be considered "Terrorist Activity" except where the Insured can demonstrate to the Company, that the foregoing activities or threats thereof were motivated solely by personal objectives of the perpetrator that are unrelated, in whole or in part, to any intention to 1. promote, further or express opposition to any political, ideological, philosophical, racial, ethnic, social or religious cause or objective; or 2 influence, disrupt or interfere with any government related operations, activities or policies; or 3 intimidate, coerce or frighten the general public or any segment of the general public; or 4. disrupt or interfere with a national economy or any segment of a national economy. PTERR 02 1/08 Page 2 of 3 C. "Exception State" means a state which at the time of policy effective date, requires that the coverage provided under this policy be not more restrictive than that provided under a Standard Fire Policy (SFP). D. Application of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorist exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this policy, such as losses excluded by a Nuclear Hazard Exclusion or a War Exclusion. All Other Terms and Conditions Remain Unchanged. PTERR 02 1/08 Page 3 of 3 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 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY NOTIFICATION OF CLAIMS Upon knowledge of any occurrence likely to give rise to a claim hereunder, immediate notice must be given to: The Princeton Excess and Surplus Lines Insurance Company 555 College Road East Princeton, New Jersey 08543 Phone: 609-243-4200 Fax: 609-243-4558 Email: clmsins@munichreamerica.com 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. 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 B $ C. $ 50,000,000 D. $ 50, 000, 000 E. $ 25,000,000 F $ 250,000 G. $ 5,000,000 In the aggregate annually as respects Earthquake Loss 5,000,000 In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, Al -30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined Newly Acquired Property — 90 Days from the date of acquisition; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition 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 policy, any one occurrence. Any Builders' Risks, Renovations, Repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 1 of 14 H. $ I $ J. $ K. $ L. $ M. $ N . $ O. $ P . $ Q. $ R. $ S . T. $ U . $ V. $ W. $ 1,000,000 500,000 250,000 250,000 2,500,000 100,00 50,000 10, 000, 000 10, 000, 000 1 000 000 , 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 Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum Unnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense Property in Transit $ 10,000,000 Contractors' Equipment subject to maximum $1,500,000 per item 5,000,000 Fine Arts subject to maximum $500,000 per item 1,000,000 Fire Fighting Materials 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes 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 Policy Term: January 1, 2024 to January 1, 2025 Page 2 of 14 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 $1,000,000 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 ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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 Policy Term: January 1, 2024 to January 1, 2025 Page 3 of 14 Definitions/Provisions 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, and 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 an 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. Any builders' risks, renovations, repairs with total contract costs over $5,000,000 are not covered under this extension. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 4 of 14 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. 8. ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, inherent vice or latent defect. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 5 of 14 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; 6. 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over $5,000,000 the Company will charge an additional premium. For Property with values under $5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B. MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will provide the Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1st of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 6 of 14 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 7 of 14 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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 Policy Term: January 1, 2024 to January 1, 2025 Page 8 of 14 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 (30) 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. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 9 of 14 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 10 of 14 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. 26. 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. 27. 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. 28. 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 Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy.. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 11 of 14 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 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 12 of 14 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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; Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 Page 13 of 14 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 a direct result of physical loss or damage by fire, lightning, 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 damage 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 Policy Term: January 1, 2024 to January 1, 2025 Page 14 of 14 ENDORSEMENT A EXCESS CLAUSE 1. EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non - concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 C. In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects those perils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Lincoln 2 Archuleta 27 Logan 3 Baca 28 Mineral 4 Bent 29 Moffat 5 Chaffee 30 Montezuma 6 Cheyenne 31 Montrose 7 Clear Creek 32 Morgan 8 Conejos 33 Otero 9 Crowley 34 ray Ouray 10 Custer 35 Park 11 Delta 36 Phillips 12 Dolores 37 Prowers 13 Elbert 38 Pueblo 14 Fremont 39 Rio Blanco 15 Garfield 40 Rio Grande 16 Gilpin 41 Routt 17 Grand 42 Saguache 18 Gunnison 43 San Juan 19 Hinsdale 44 San Miguel 20 Huerfano 45 Sedgwick 21 Jackson 46 Summit 22 Kiowa 47 Teller 23 Kit Carson 48 Washington 24 Lake 49 Yuma 25 Las Animas ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2024 Forms a part of Policy No: 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 Equipment Breakdown 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, 2024 to January 1, 2025 GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy PW0330024 Number Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 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; 10. Evidence of debt; 11. 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: 11. 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; 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; Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. Page 1 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty-four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 n uclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or u ncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, n uclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 B. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. C. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss. ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos -containing material. B. This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos - containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2. the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3. any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos - containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2. SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Page 2 of 2 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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). Page 1 of1 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 2. 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 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 c) by using or increasing operations elsewhere, then such possible reduction shall be taken into account in arriving at the amount of loss hereunder. 3. 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, 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. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage 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 Direct Physical Loss or Damage occurred. Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of US$25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 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 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. NMA2918 08/10/2001 Name of Insured: Colorado Counties Casualty and Property Pool Policy Term: January 1, 2024 to January 1, 2025 COLORADO SURPLUS LINES NOTICE 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. SNCO 1021 Page 1 Aspen Specialty Insurance Company POLICY NUMBER: PX00K6224 RENEWAL OF: PX00K6223 rAspen COMMON POLICY DECLARATIONS Insured Name & Mailing Address Colorado Counties Casualty and Property Pool 800 Grant Street, Suite 400 Denver, CO 80203 Effective Date: 01/01/2024 Business Description: Municipalities Broker Name & Mailing Address CRC Insurance Services, Inc. One Metroplex Drive Suite 400 Birmingham, AL 35209 Expiration Date: 01/01/2025 12:01 A.M. Standard Time at the location of the Covered Property Premium Summary: In return for the payment of the premium indicated below, and subject to all the terms of this policy, we agree to provide the insurance as stated in this policy. Coverage Commercial Property Terrorism Inspection Fee Total Premium Due Minimum Retained Premium Premium $76,858 Insured rejected $0 $76,858 $26,900 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 -$1,806.33 Coverage Forms Applicable: Coverage form schedule as more specifically outlined in Aspen Form AS P P R006, Schedule of Applicable Forms ASPPR011 DEC 1017 2017 © Aspen Insurance U.S. Services Inc. All rights reserved. Includes copyrighted material of ISO Properties, Inc. used with permission Page 1 of 2 Aspen Specialty Insurance Company POLICY NUMBER: PX00K6224 RENEWAL OF: PX00K6223 rAspen COMMON POLICY DECLARATIONS S amed Insured S urplus Lines Broker Name: S urplus Lines Broker Address: S urplus Lines Broker License No.: S urplus Lines State Taxes were filed: Issued Date: 05/17/2024 Colorado Counties Casualty and Property Pool CRC Insurance Services, Inc. One Metroplex Drive Suite 400 Birmingham, AL 35209 183767 CO Authorized Representative ASPPR011 DEC 1017 2017 © Aspen Insurance U.S. Services Inc. All rights reserved. Includes copyrighted material of ISO Properties, Inc. used with permission Page 2of2 Aspen Specialty Insurance Company &Aspen IN WITNESS WHEREOF, the Insurer has caused this Policy to be signed by its President and Secretary and countersigned where required by law on the Declarations page by its duly Authorized Representative. Secretary ASPCO098 0213 a President 2013 ©Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 SCHEDULE OF APPLICABLE FORMS The following forms are attached to and are a part of this policy: Form Number SNCO 1021 ASPPR011DEC 1017 ASPCO098 0213 ASPPR006 0404 ASPPR074 1010 MANUS 001 010124 IL0953 0115 ASPCO002 0821 ASPCO021 0616 ASPCO023 1016 ASPPR035 P R035 0205 ASPPR072 P R072 0807 ASPPR081 0122 ASPPR086 0312 ASPPR089 P R089 0907 ASPPR138 0112 ASPPR166 0920 ASPPR179 1022 ASPPR183 0623 CP0090 0788 IL0935 0702 LMA5400 1119 LMA5393 0320 ASPPR100 0916 Form Name COLORADO SURPLUS LINES NOTICE COMMON POLICY DECLARATIONS S IGNATURE PAGE SCHEDULE OF APPLICABLE FORMS EXCESS PHYSICAL DAMAGE SCHEDULE ENDORSEMENT EXCESS PHYSICAL DAMAGE FORM EXCLUSION OF CERTIFIED ACTS OF TERRORISM GENERAL SERVICE OF SUIT NOTICE OFAC ENDORSEMENT N BCR TERRORISM EXCLUSION GENERAL PRE EXISTING DAMAGE EXCLUSION ENDORSEMENT MINIMUM EARNED PREMIUM CLAUSE S EEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION, INCLUDING DEBRIS REMOVAL AND COST OF CLEAN UP EXTENSION AND AUTHORITIES EXCLUSION ENDORSEMENT LOSS ADJUSTMENT ENDORSEMENT EXCLUSION AND LIMITED ADDITIONAL COVERAGE FOR FUNGUS COMMON POLICY CONDITIONS WAIVER PROVISIONS ENDORSEMENT N EW LOCATIONS WITH FRAME OR JOISTED MASONRY CONSTRUCTION AND WITHIN FIVE MILES OF A COASTAL WATERWAY EXCLUSION AMENDATORY ENDORSEMENT II COMMERCIAL PROPERTY CONDITIONS EXCLUSION OF CERTAIN COMPUTER -RELATED LOSSES P ROPERTY CYBER AND DATA ENDORSEMENT COMMUNICABLE DISEASE ENDORSEMENT POLICYHOLDER'S GUIDE TO REPORTING A PROPERTY CLAIM ASPPR006 0404 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company RENEWAL OF: PX00K6223 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCESS PHYSICAL DAMAGE SCHEDULE ENDORSEMENT In consideration of the premium charged, it is agreed that: 1. Named Insured: Colorado Counties Casualty and Property Pool 2. Addresses of Insured Premises: As per statement of values on file with the company received on 08/11/2023 Total Insured Value $3,594,034,945 3. Perils Covered: All Risks of Direct Physical Loss or Damage Including Earthquake, Flood Excluding Equipment Breakdown, Flood in SFHA Zones A and V 4. Property Covered: Real Property, Personal Property, Business Income including Extra Expense, Vehicles, Mobile Equipment 5. Primary Insurer / Policy Numbers / Limits: Certain Underwriters Lloyd's London / PW0330024 / $7,500,000 part of $25,000,000 6. Underlying Insurers / Policy Numbers / Limits: Refer to Excess Physical Damage Form, Manus 001 010124, Items 11 7. Limit Insured: $2,500,000 Part Of $25,000,000 Per Occurrence and in the Annual Aggregate for Flood and Earthquake Excess Of $25,000,000 Per Occurrence and in the Annual Aggregate for Flood and Earthquake, which in turn is excess of underlying deductibles ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR074 P R074 1010 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 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. v. EFF 081817 I 1 Manus 001 010124 EXCESS PHYSICAL DAMAGE FORM 6. 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 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 o ne 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 u nderlying Insurer(s). The risk of uncollectibility (in whole or in pad) 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 u nderlying insurance were valid and collectible. This insurance shall not replace the underlying insurance. v. EFF 081817 I 2 Manus 001 010124 EXCESS PHYSICAL DAMAGE FORM THE SCHEDULE 1. Insurer: Aspen Specialty Insurance Company 2. Policy Number: PX00K6224 3 Named Insured: Colorado Counties Casualty and Property Pool 4. Mailing Address: c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 5. Policy Period: From: January 1, 2024 To: January 1, 2025 Both days at 12:01 am local standard time 6. Perils Insured: As defined in primary policy issued by Lloyd's of London policy number PW0330024 7. The Property or Interest: As defined in primary policy issued by Lloyd's of London policy number PW0330024 8. The Property Located or Contained As defined in primary policy issued by Lloyd's of London policy number PW0330024 9. Premium: $76,858 10. Policy Limit: $100,000,000 per occurrence v. EFF 081817 I 3 Manus 001 010124 EXCESS PHYSICAL DAMAGE FORM 11. I. $25,000,000 Excess $25,000,000 a) $5,000,000 b) $2,500,000 c) $2,500,000 d) $3,750,000 e) $3,750,000 f) $3,750,000 g) $3,750,000 II. $50,000,000 Excess $50,000,000 a) $27,500,000 b) $15,000,000 c) $7,500,000 Lexington Insurance Company 0006893563 Aspen Specialty Insurance Company PX00 K6224 Endurance Specialty Insurance Limited B P D30000376001 Palms Specialty Insurance Company PLM0065924 M 0065924 StarStone Specialty Ins. Co Q87959241 CSP Westfield Specialty Ins. Co. XAR00018K901 Princeton Excess & Surplus Lines Ins 78A3XP000096101 RSUI Indemnity Co. N H D938594 Mitsui Sumitomo Ins. Co. EXP7000992 Princeton Excess & Surplus Lines Ins 78A3XP000096101 12. Total Limits [including "Primary" and "Excess"] subject to annual aggregates [per layers and participation's as outlined in items 11 - 12 above]: $50,000,000 except $5,000,000 for Flood Zone A anyone policy year in respect of the peril of Flood $50,000,000 any one policy year in respect of the peril of Earthquake 13. Notification of Claims to: Property.claims(caspen-insurance.com 20% 10% 10% 15% 15% 15% 15% 55% 30% 15% v. EFF 081817 I 4 Manus 001 010124 POLICY NUMBER: IL09530115 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, WI, GA, WV HI, IA, IL, ME, MO, NC, NJ, NY, OR, RI, WA, All which coverage forms, form a part of coverage this insurance parts and/or policies 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 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: 1. 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 2. 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. B. The following exclusion is added: CERTIFIED ACT OF TERRORISM EXCLUSION We will not pay for loss or damage caused directly or indirectly by a "certified 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. C. Exception Covering Certain Fire Losses The following exception to the exclusion in Paragraph B. applies only if indicated and as indicated in the Schedule of this endorsement. If a "certified act of terrorism" results in fire, we will pay for the loss or damage caused by that fire. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the coverage 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. IL 09 53 01 15 © Insurance Services Office, Inc., 2015 Page 1 of 2 If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. Application Of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Coverage Part or Policy, such as losses excluded by the Nuclear Hazard Exclusion or the War And Military Action Exclusion. Page 2 of 2 © Insurance Services Office, Inc., 2015 IL09530115 Aspen Specialty Insurance Company (Herein called the Company) GENERAL SERVICE OF SUIT NOTICE 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: Aspen Specialty Insurance Management, Inc c/o General Counsel 400 Capital Blvd., Suite 200 Rocky Hill, CT 06067-3576 (877) 245-3510 Questions can be directed to: Compliance.us@aspenspecialty.com Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefore, the Company hereby designates the Superintendent, Commissioner or Director of Insurance, Secretary of State, 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 General Counsel as the person to whom the said officer is authorized to mail such process or a true copy thereof. This notice does not change any other provision of the policy. ASPCO002 0821 © Aspen Insurance U.S. Services Inc., 2021 Page 1 of 1 All rights reserved Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. OFAC ENDORSEMENT In consideration of the premium charged, it is agreed that any payment under this Policy shall only be made in full compliance with all U.S.A economic or trade sanctions or other laws or regulations, including sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC"). ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPCO021 0616 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NUCLEAR, BIOLOGICAL, CHEMICAL, OR RADIOLOGICAL TERRORISM EXCLUSION This endorsement modifies insurance provided under this Policy. TO THE EXTENT ANY PROVISION OF THIS ENDORSEMENT CONFLICTS WITH ANY PROVISION OF THE POLICY OR ANY OF ITS OTHER ENDORSEMENTS, THE PROVISIONS OF THIS ENDORSEMENT WILL SUPERSEDE. In consideration of the premium charged, it is agreed that: 1. Notwithstanding anything to the contrary contained within the Policy, the following exclusion is added to the Policy: Nuclear, Biological, Chemical, Or Radiological Terrorism No coverage will be available under this insurance for any loss, cost, damage, expense, injury, claim or suit, caused by, arising out of, or resulting directly or indirectly, in whole or in part from any act of Nuclear, Biological, Chemical, Or Radiological Terrorism, regardless of any other cause or event that contributes concurrently or in any other sequence to the act of Nuclear, Biological, Chemical, Or Radiological Terrorism. 2. For the purpose of this Endorsement the following Definitions are added to the Policy: Biological Agent means any pathogenic (disease producing) micro-organism(s) and/or biological produced toxin(s), including genetically modified organisms and chemically synthesized toxin(s) which caused illness, damage, injury or death in humans, animals, or plants. Chemical Agent means any compound which, when disseminated, produces incapacitating illness, or damaging and/or lethal effects on people, animals, plants, or property. Nuclear, Biological, Chemical, Or Radiological Terrorism means the: a. Dispersal, application, or release of radioactive material; b. Use of any nuclear weapon or device that involves or produces a nuclear reaction, nuclear radiation, or radioactive contamination; or c. Emission, discharge, dispersal, release, or escape of any solid, liquid or gaseous Biological Agent and/or Chemical Agent; by any person or group(s) of persons, whether acting alone, or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological purposes or reasons, including the intention to influence any government and/or to put the public, or any section of the public, in fear. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPCO023 1016 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. GENERAL PRE-EXISTING DAMAGE EXCLUSION ENDORSEMENT In consideration of the premium charged, it is agreed that: This policy does not cover any loss or damage directly or indirectly caused by, resulting from, or contributed by, in whole or in part, any pre-existing damage to the insured premise(s) existing at the time of the loss, including, but not limited to, any loss or damage caused by: 1. Rain, wind, flood, hurricane or other weather -related incident; 2. Excessive sun, heat or moisture damage, due to internal building temperature, improper ventilation, or other structural, internal, or external conditions; 3. Insects, bugs, vermin or other animal pests, including termites, ants, bees, wasps, beetles, moths, fleas, spiders, rodents (rats and mice )5 or 4. Any earth movement such as an earthquake, landslide, sinkhole or other earth sinking, rising or shifting. We will reduce any amount payable for loss under the policy if: 1. The property was previously damaged prior to the effective date of this policy; or 2. Payment was made for any previously damaged property that was not promptly repaired or replaced. We will reduce the amount payable for loss to the damaged property by the amount of previous damage or the amount paid for the previous damage. We will further reduce the amount payable for loss to other property by the amount of damage which arises out of or as a direct result of the previously damaged property. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPRO35 0205 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MINIMUM EARNED PREMIUM CLAUSE - PERCENTAGE ENDORSEMENT In consideration of the premium charged, it is agreed that: In the event of cancellation of this policy by the insured, a minimum premium of 35% 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 payment. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPRO72 0807 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SEEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION, INCLUDING DEBRIS REMOVAL AND COST OF CLEAN UP EXTENSION AND AUTHORITIES EXCLUSION ENDORSEMENT In consideration of the premium charged, it is agreed that: S EEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION Notwithstanding any provision in the policy to which this Endorsement is attached, this policy does not insure against loss, damage, costs or expenses in connection with any kind or description of seepage and/or pollution and/or contamination, direct or indirect, arising from any cause whatsoever. N evertheless, if fire is not excluded from this policy and a fire arises directly or indirectly from seepage and/or pollution and/or contamination, any loss or damage insured under this policy arising directly from that fire shall (subject to the terms, conditions and limitations of the policy) be covered. However, if the insured property is the subject of direct physical loss or damage for which we have paid or agreed to pay, then this policy (subject to its terms, conditions and limitations) insures against direct physical loss or damage to the property insured hereunder caused by resulting seepage and/or pollution and/or contamination. You shall give notice to us of intent to claim NO LATER THAN TWELVE (12) MONTHS AFTER THE DATE OF THE ORIGINAL PHYSICAL LOSS OR DAMAGE. DEBRIS REMOVAL AND COST OF CLEAN UP EXTENSION N otwithstanding the provisions of the preceding Exclusion in this Endorsement or any provision respecting seepage and/or pollution and/or contamination, and or debris removal and/or clean up in the policy to which this Endorsement is attached, in the event of direct physical loss or damage to the property insured hereunder, this policy (subject otherwise to its terms, conditions and limitations, including but not limited to any applicable deductible) also insures within the sum insured: 1. Expenses incurred in removal of debris of the property insured hereunder destroyed or damaged from the insured premises; and/or 2. Cost of clean-up, at your premises, made necessary as a result of such loss or damage. P rovided that this policy does not insure against the costs of decontamination or removal of water, soil or any other substance on or under such premises. S EEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION: continued It is a condition precedent to recovery under this Extension that we shall have paid or agreed to pay for physical loss or damage to the property insured hereunder unless such payment is precluded solely by the operation of any deductible and that you shall give notice to us of intent to claim for cost of removal of debris or cost of clean-up NO LATER THAN TWELVE (12) MONTHS AFTER THE DATE OF SUCH PHYSICAL LOSS OR DAMAGE. ASPPR081 0122 2022 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 2 AUTHORITIES EXCLUSION Notwithstanding any of the preceding provisions of this Endorsement or any provision of the policy to which this Endorsement is attached, this policy does not insure against loss, damage, cost, expenses, fines or penalties incurred or sustained by or imposed on you at the order of any Government Agency, Court or other Authority arising from any cause whatsoever. Without restricting the generality of the foregoing, the policy does not cover claims arising out of the following U.S. legislation or amendments thereto: 1. Resource conservation and Recovery Act (R.C.R.A.) commonly known as Solid Waste Disposal Act. 2. Comprehensive Environmental Response, Compensation and Liability Act (C.E.R.C.L.A.) commonly known as Superfund. 3. Superfund Amendments and Reauthorization Act (S.A.R.A.) commonly known as Superfund Two. APPLICATION OF OTHER EXCLUSIONS Nothing in the Endorsement shall serve to create coverage for any loss which would otherwise be excluded such as losses excluded by the asbestos or radioactive contamination exclusion clause in the policy to which this Endorsement is attached. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR081 0122 2022 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 2 of 2 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS ADJUSTMENT ENDORSEMENT In consideration of the premium charged, it is agreed that: We have the option of engaging a separate loss adjuster and/or loss adjustment facility in place of any loss adjuster and/or loss adjustment facility so designated or named in the policy or any other policy of insurance that may be in force at our sole discretion and expense. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR086 0312 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION AND LIMITED ADDITIONAL COVERAGE FOR FUNGUS ENDORSEMENT In consideration of the premium charged, it is agreed that: A. The following Exclusion is added: EXCLUSION — "Fungus", Wet Rot, Dry Rot and Bacteria We will not pay for loss or damage caused directly or indirectly by the presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. But if "fungus", wet or dry rot or bacteria results in a Covered Cause of Loss, we will pay for the loss or damage caused by the Covered Cause of Loss. This Exclusion does not apply: 1. When "fungus", wet or dry rot or bacteria results from fire or lightning; or 2. To the extent that coverage is provided in the Additional Coverage — Limited Coverage For "Fungus", Wet Rot, Dry Rot And Bacteria with respect to loss or damage by a cause of loss other than fire or lightning. B. The following Additional Coverage is added: ADDITIONAL COVERAGE — Limited Coverage for "Fungus", Wet Rot, Dry Rot and Bacteria 1. This Limited Coverage applies only when the "fungus", wet or dry rot or bacteria is the result of one or more of the following causes that occurs during the policy period and only if all reasonable means were used to save and preserve the property from further damage at the time of and after that occurrence, and only if any loss resulting from the following is reported to us within sixty (60) days of the occurrence: a. A Covered Cause of Loss other than fire or lightning; or b. Flood, if the Flood Coverage Endorsement applies to the affected premises. 2. Under conditions described in item B.1. above, we will pay for loss or damage by "fungus", wet or dry rot or bacteria. As used in the Limited Coverage, the term loss or damage means: a. Direct physical loss or damage to Covered Property caused by "fungus", wet or dry rot or bacteria, including the cost of removal of the "fungus", wet or dry rot or bacteria; b. The cost to tear out and replace any part of the building or other property as needed to gain access to the "fungus", wet or dry rot or bacteria; and c. The cost of testing performed after removal, repair, replacement or restoration of the damaged property is completed, provided there is a reason to believe that "fungus, wet or dry rot or bacteria are present. 3. The coverage provided under this Limited Coverage is limited to $15,000. Regardless of the number of claims, this limit is the most we will pay for the total of all loss or damage arising out of all occurrences which take place in a 12 —month period (starting with the beginning of the present annual policy period). With respect to a particular occurrence of loss which results in "fungus", wet or dry rot or bacteria, we will not pay more than a total of $15,000 even if the "fungus", wet or dry rot or bacteria continues to be present or active, or recurs, in a later policy period. ASPPR089 0907 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 2 4. The coverage provided under this Limited Coverage does not increase the applicable Limit of Insurance on any Covered Property. If a particular occurrence results in loss or damage by "fungus", wet or dry rot or bacteria, and other loss or damage, we will not pay more for the total of all loss or damage, that the applicable Limit of Insurance on the affected Covered Property. If there is covered loss or damage to Covered Property, not caused by "fungus", wet or dry rot or bacteria, loss payment will not be limited by the terms of this Limited Coverage, except to the extent that "fungus", wet or dry rot or bacteria causes an increase in the loss. Any such increase in the loss will be subject to the terms of this Limited Coverage. C. The following definition is added: "Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by- products produced or released by fungi. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR089 0907 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 2 of 2 Aspen Specialty Insurance Company COMMON POLICY CONDITIONS All Coverage Parts included in this policy are subject to the following conditions. A. Cancellation 1. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation. 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 nonpayment of premium; or b. 90 days before the effective date of cancellation if we cancel for any other reason. 3. We will mail or deliver our notice to the first N amed Insured's last mailing address known to us. 4. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. 5. If this policy is cancelled, we will send the first N amed Insured any premium refund due. If we cancel, the refund will be pro rata. If the first N amed Insured cancels, the refund may be less than pro rata. The cancellation will be effective even if we have not made or offered a refund. 6. If notice is mailed, proof of mailing will be sufficient proof of notice. B. Changes This policy contains all the agreements between you and us concerning the insurance afforded. The first Named Insured shown in the Declarations is authorized to make changes in the terms of this policy with our consent. This policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy. ASPPR138 0112 C. 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 afterward. D. Inspections And Surveys 1. We have the right to: a. Make inspections and surveys at any time; b. Give you reports on the conditions we find; and c. Recommend changes. 2. 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 conditions: a. Are safe or healthful; or b. Comply with laws, regulations, codes or standards. 3. Paragraphs 1. and 2. of this condition apply not only to us, but also to any rating, advisory, rate service or similar organization which makes insurance inspections, surveys, reports or recommendations. 4. Paragraph 2. 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. E. Premiums The first Named Insured shown in the Declarations: 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Includes copyrighted material of ISO Properties, Inc. used with permission Page 1 of 2 1. Is responsible for the payment of all premiums; and 2. Will be the payee for any return premiums we pay. F. Transfer Of Your Rights And Duties Under This Policy Your rights and duties under this policy may not be transferred without our written consent except in the case of death of an individual named insured. If you die, your rights and duties will be transferred to your legal representative but only while acting within the scope of duties as your legal representative. Until your legal representative is appointed, anyone having proper temporary custody of your property will have your rights and duties but only with respect to that property. ASPPR138 0112 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 2 of 2 Includes copyrighted material of ISO Properties, Inc. used with permission Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. WAIVER PROVISIONS ENDORSEMENT In consideration of the premium charged, it is agreed that no permission affecting this insurance shall exist, or waiver of any provision be valid, unless granted herein or expressed in writing added hereto. No provision, stipulation or forfeiture shall be held to be waived by any requirement or proceeding on our part relating to appraisal or to any examination provided for herein. Likewise, no term, condition, obligation or requirement shall be held to be waived for any reason or by any correspondence whatsoever, unless granted herein or expressed in writing added hereto. In summary, this endorsement expressly and completely supersedes any and all other means and instruments which might impact the coverages, and waivers thereof, for any aspect of this insurance. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR166 0920 2020 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 Aspen Specialty Insurance Company THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. NEW LOCATIONS WITH FRAME OR JOISTED MASONRY CONSTRUCTION AND WITHIN FIVE MILES OF A COASTAL WATERWAY EXCLUSION In consideration of the premium charged, it is agreed that: A. This insurance will not cover as loss, whether as damage to property or any business interruption loss for any locations which were not: 1. Set forth by the Declarations for this policy; 2. Listed within the location schedule attached to this policy; 3. Listed within a location schedule on file with us and accepted by us in writing during the policy period; or 4. Otherwise added as an additional insured location by endorsement to this policy. This exclusion only applies to locations which are within five (5) miles of a "coastal waterway" and: a. Are frame construction; or b. Are joisted masonry construction. B. For the purposes of this endorsement "coastal waterway" means the body(ies) of water checked within the Schedule below including all of its bays, gulfs, straits, passages, inlets and estuaries that are subject to the tidal influences of the sea. SCHEDULE Atlantic Ocean x Caribbean Sea Gulf Coast x Pacific Ocean ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR179 1022 2022 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. AMENDATORY ENDORSEMENT II In consideration of the premium charged, it is agreed that the following provisions are added to the Policy and supersede any other provision to the contrary: A. If the SOV on file with us indicates that any location, land or any building has no value or zero value, this insurance does not apply to any loss or damage sustained at any such location, land or building during the policy period. B. If during the policy period there is a material change to the SOV on file with us, which adds new location(s), or increases the value(s) at any existing insured location(s), we reserve the right to request a new separate rating for those location(s) and/or require higher deductibles. C. If any insured location(s) under this Policy is subject to a temporary moratorium during the policy period, we will not offer or provide broader coverage terms, conditions or increased limits of insurance until the moratorium has expired or been lifted. ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED. ASPPR183 0623 2023 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 COMMERCIAL PROPERTY COMMERCIAL PROPERTY CONDITIONS This Coverage Part is subject to the following conditions, the Common Policy Conditions and applicable Loss Conditions and Additional Conditions in Commercial Property Coverage Forms. A. CONCEALMENT, MISREPRESENTATION OR FRAUD This Coverage Part is void in any case of fraud by you as it relates to this Coverage Part at any time. It is also void if you or any other insured, at any time, intentionally conceal or misrepresent a material fact concerning: 1. This Coverage Part; 2. The Covered Property; 3. Your interest in the Covered Property; or 4. A claim under this Coverage Part. B. 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. C. INSURANCE UNDER TWO OR MORE COVERAGES If two or more of this policy's coverages apply to the same loss or damage, we will not pay more than the actual amount of the loss or damage. D. LEGAL ACTION AGAINST US No one may bring a legal action against us under this Coverage Part unless: 1. There has been full compliance with all of the terms of this Coverage Part; and 2. The action is brought within 2 years after the date on which the direct physical loss or damage occurred. E. LIBERALIZATION If we adopt any revision that would broaden the coverage under this Coverage Part without additional premium within 45 days prior to or during the policy period, the broadened coverage will immediately apply to this Coverage Part. F. NO BENEFIT TO BAILEE No person or organization, other than you, having custody of Covered Property will benefit from this insurance. G. OTHER INSURANCE 1. You may have other insurance subject to the same plan, terms, conditions and provisions as the insurance under this Coverage Part. If you do, we will pay our share of the covered loss or damage. Our share is the proportion that the applicable Limit of Insurance under this Coverage Part bears to the Limits of Insurance of all insurance covering on the same basis. 2. If there is other insurance covering the same loss or damage, other than that described in 1. above, we will pay only for the amount of covered loss or damage in excess of the amount due from that other insurance, whether you can collect on it or not. But we will not pay more than the applicable Limit of Insurance. H. POLICY PERIOD, COVERAGE TERRITORY Under this Coverage Part: 1. We cover loss or damage commencing: a. During the policy period shown in the Declarations; and b. Within the coverage territory. 2. The coverage territory is: a. The United States of America (including its territories and possessions); b. Puerto Rico; and c. Canada. CP 00 90 07 88 Copyright, ISO Commercial Risk Services, Inc., 1983, 1987 Page 1 of 2 ❑ I. TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US If any person or organization to or for whom we make payment under this Coverage Part has rights to recover damages from another, those rights are transferred to us to the extent of our payment. That person or organization must do everything 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: 1. Prior to a loss to your Covered Property or Covered Income. 2. After a loss to your Covered Property or Covered Income only if, at time of loss, that party is one of the following: a. Someone insured by this insurance; b. A business firm: (1) Owned or controlled by you; or (2) That owns or controls you; or c. Your tenant. This will not restrict your insurance. Page 2 of 2 Copyright, ISO Commercial Risk Services, Inc., 1983, 1987 CP 00 90 07 88 ❑ IL 09 35 07 02 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF CERTAIN COMPUTER -RELATED LOSSES This endorsement modifies insurance provided under the following: COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART CRIME AND FIDELITY COVERAGE PART STANDARD PROPERTY POLICY A. We will not pay for loss ("loss") or damage caused directly or indirectly by the following. Such loss ("loss") or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss ("loss") or damage. 1. The failure, malfunction or inadequacy of: a. Any of the following, whether belonging to any insured or to others: (1) Computer hardware, including microprocessors; (2) Computer application software; (3) (4) (5) Computer operating systems and related software; Computer networks; Microprocessors (computer chips) not part of any computer system; or (6) Any other computerized or electronic equipment or components; 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 A.1.a. of this endorsement; due to the inability to correctly recognize, process, distinguish, interpret or accept one or more dates or times. An example is the inability of computer software to recognize the year 2000. 2. Any advice, consultation, design, evaluation, inspection, installation, maintenance, repair, replacement or supervision provided or done by you or for you to determine, rectify or test for, any potential or actual problems described in Paragraph A.1. of this endorsement. B. If an excluded Cause of Loss as described in Paragraph A. of this endorsement results: 1. In a Covered Cause of Loss under the Crime and Fidelity Coverage Part, the Commercial Inland Marine Coverage Part or the Standard Property Policy; or 2. Under the Commercial Property Coverage Part: a. In a "Specified Cause of Loss", or in elevator collision resulting from mechanical breakdown, under the Causes of Loss — Special Form; or b. In a Covered Cause of Loss under the Causes Of Loss — Basic Form or the Causes Of Loss — Broad Form; we will pay only for the loss ("loss") or damage caused by such "Specified Cause of Loss", elevator collision, or Covered Cause of Loss. C. We will not pay for repair, replacement or modification of any items in Paragraphs A.1.a. and A.1.b. of this endorsement to correct any deficiencies or change any features. IL 09 35 07 02 © ISO Properties, Inc., 2001 Page 1of1 ❑ PROPERTY CYBER AND DATA ENDORSEMENT 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. for a Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 25 March 2020 Aspen Specialty Insurance Company POLICYHOLDER'S GUIDE TO REPORTING A PROPERTY CLAIM A. At the time when you are aware of an event that will give rise to the need to report a claim on your own behalf (1st Party Property Claims), please be sure to quickly report the matter to both your agent/broker and Aspen Specialty Insurance Management Company. Be sure to include your policy number and the name of the insured as it is stated on the policy. B. New claims can be reported to Aspen Specialty Insurance Company as follows: 1. By Mail: 2. By Fax: 3. By E-mail: 4. Toll Free for policyholders to use in the event of a disaster: Aspen Specialty Insurance Company c/o Aspen Specialty Insurance Management Company Claims Department 125 Summer Street Boston, MA 02110 Main Telephone No: 617-532-7300 617-532-7342 property.claims@aspenspecialty.com 855-397-3295 ASPPR100 0916 2016 © Aspen Insurance U.S. Services Inc. All rights reserved. Page 1 of 1 SOMPO FNTERNATIONAL ► a IosMGe DECLARATIONS PAGE Our Policy Number: Broker Reference: Insured: Mailing Address: Policy Period: Coverage/Perils: Property/Interest: Layer: Excess Of: Total Insured Value: Premium (Our Share): Followed Policy: Exceptions and / or Our Specific Conditions: BPD30000376001 Price Forbes (Bermuda) Limited BCB Building 34 Bermudiana Road Pembroke HM 11 Attn: Kaitlyn Miller Colorado Counties Casualty and Property Pool 800 Grant Street, Suite 400 Denver, CO 80203 From January 1, 2024 to January 1, 2025 at 12:01 a.m; at the location of the property involved as provided in this Policy All risk of direct physical loss of or damage including boiler Explosion and Machinery Breakdown as defined in the Leading Co- insuring Company's policy wording Real and Personal Property and Business Interruption as defined in the leading Co-insuring Company's policy wording USD 2,500,000 Part of USD 25,000,000 Per Occurrence USD 25,000,000 Per Occurrence Excess of underlying deductibles USD 3,594,034,945 USD 77,500 CO SURPLUS LINES TAX -$2,325.00 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'. Price Forbes Policy Wording received August 29, 2023, as seen, on file and as attached herein. Land and Water Contamination or Pollution Cleanup, Removal and Disposal Extension LMA 5155 Mold Exclusion Endorsement. Asbestos Exclusion Endorsement ECP0502 Application of Sublimits Endorsement LMA 5130 Communicable Disease Endorsement LMA5393 UK Arbitration Clause Post Loss Assignment Exclusion - ECP 0676 1021 Premium Payment Standard Condition — 45 days Premium is payable to Endurance Specialty Insurance Limited by 14 February 2024 Authorized Signature: Hamilton, Bermuda Jevon Dickinson AVP, Direct and Facultative — Bermuda The Followed Policy and exceptions constitute the Insurance Policy for this Contract and Receipt By the broker is confirmation that the Named Insured accepts these changes SOMPO INTERNATIONAL dba Endurance Specialty Insurance Ltd. 7/2/2024 SO M PO INTE RrHA71f7NAL LAND AND WATER CONTAMINANT OR POLLUTANT CLEANUP, REMOVAL AND DISPOSAL EXTENSION In consideration of the premium paid, and subject to the Exclusions, Conditions and Limitations of the Policy to which this Extension is attached, this Policy is extended to cover the reasonable and necessary cost for the cleanup, removal and disposal of contaminants or pollutants from uninsured property consisting of land, water or any other substance in or on land at the insured location if the release, discharge or dispersal of contaminants or pollutants is a direct result of physical loss or damage to insured property by a peril insured against under this Policy occurring during the period of this Policy. This Policy does not cover the cost to cleanup, remove and dispose of contaminants or pollutants from such property: 1. at any location insured for personal property only; 2. at any property insured under any automatic acquisition, newly acquired property, errors and omissions or miscellaneous unnamed location or similar coverage as may be provided by this Policy; 3. when the Insured fails to give written notice of loss to the Underwriters within 180 days after the insured physical loss or damage. The Underwriters shall not be liable under this Extension for more than the sub -limit of USD 1,000,000 in respect of any one Occurrence and in the aggregate for the period of this Policy, which shall be part of and not in addition to the policy limit. LMA5155 MOLD EXCLUSION This policy does not insure any loss, damage, claim, cost, expense or other sum directly or indirectly arising out of or relating to: mold, mildew, fungus, spores or other microorganism of any type, nature, or description, including but not limited to any substance whose presence poses an actual or potential threat to human health. This exclusion applies regardless whether there is (i) any physical loss or damage to insured property; (ii) any insured peril or cause, whether or not contributing concurrently or in any sequence; (iii) any loss of use, occupancy, or functionality; or (iv) any action required, including but not limited to repair, replacement, removal, cleanup, abatement, disposal, relocation, or steps taken to address medical or legal concerns. This exclusion replaces and supersedes any provision in the policy that provides insurance, in whole or in part, for these matters. ASBESTOS EXCLUSION ENDORSEMENT This policy does not apply to any loss, demand, claim, occurrence, direct physical loss or damage, suit or expense arising out of or related in any way to asbestos or asbestos containing material or material that is alleged to have contained asbestos. We shall have no duty of any kind with respect to any such loss, demand, claim, occurrence, direct physical loss or damage, expense or suit. This exclusion applies to all coverages under this policy. ECP0502 APPLICATION OF SUBLIMITS 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 COMMUNICABLE DISEASE ENDORSEMENT 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. for a Communicable Disease, or Page 1 of 3 el SOMPO INTERNATIONAL dim Endurance Specialty Insurance Ltd. h 7/2/2024 5O M POINT E RNA71f7NAL 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 UK ARBITRATION CLAUSE Any dispute, controversy or claim arising out of or relating to this Policy or the breach, termination or invalidity thereof shall be finally and fully determined in London, England under the provisions of the Arbitration Act 1996 ("Act") and/or any statutory modifications or amendments thereto, for the time being in force, by a Board composed of three arbitrators to be selected for each controversy as follows: Any party may, in the event of such a dispute, controversy or claim, notify the other parties to such dispute, controversy or claim of its desire to arbitrate the matter, and at the time of such notification the party desiring arbitration shall notify any other party or parties of the name of the arbitrator selected by it. The other party who has been so notified shall within thirty (30) calendar days thereafter select an arbitrator and notify the party desiring arbitration of the name of such second arbitrator. If the party notified of a desire for arbitration shall fail or refuse to nominate the second arbitrator within thirty (30) calendar days following the receipt of such notification, the party who first served notice of a desire to arbitrate will, within an additional period of thirty (30) calendar days, apply to a judge of the High Court of Justice of England and Wales for the appointment of a second arbitrator and in such a case the arbitrator appointed by such a judge shall be deemed to have been nominated by the party or parties who failed to select the second arbitrator. The two arbitrators, chosen as above provided, shall within thirty (30) calendar days after the appointment of the second arbitrator choose a third arbitrator, who shall be the chairman. In the event of the failure of the first two arbitrators to agree on a third arbitrator within said thirty (30) calendar day period, either of the parties may within a period of thirty (30) calendar days, thereafter, after notice to the other party or parties, apply to a judge of the High Court of Justice of England and Wales for the appointment of a third arbitrator, and in such case the person so appointed shall be deemed and shall act as the third arbitrator and chairman. Upon acceptance of the appointment by said third arbitrator, the Board of Arbitration for the controversy in question shall be deemed fixed. The board of Arbitration shall fix, by a notice in writing to the parties involved, a reasonable time and place for the hearing and may prescribe reasonable rules and regulations governing the course and conduct of the arbitration proceeding, including without limitation discovery by the parties. The board shall, within ninety (90) calendar days following the conclusion of the hearing, render its award as respects the matter or matters in controversy in writing and shall cause a copy thereof to be served on all the parties thereto, but the Board shall not set forth any reasons for its award. In case the Board fails to reach a unanimous decision, the decision of the majority of the members of the Board shall be deemed to be the decision of the Board, and the same shall be final and binding on the parties thereto. Such decision shall be a complete defense to any attempted appeal or litigation of such decision in the absence of serious irregularity under Section 68 of the Act. Without limiting the foregoing, the parties waive any right to appeal to, and/or seek collateral review of the decision of the Board of Arbitration by, any court or other body to the fullest extent permitted by applicable law, including, without limitation, any right to make application to the court under Section 45 or to appeal under Section 69 of the Act. Any order as to the costs of the arbitration shall be in the sole discretion of the Board, who may direct to whom and by whom and in what manner they shall be paid. Endurance Specialty Insurance Ltd. and the Insured agree that in the event that claims for indemnity or contribution are asserted in any action or proceeding against Endurance Specialty Insurance Ltd. by any of the Insured's other insurers in any jurisdiction or forum other than that set forth in this paragraph 4, the Insured will in good faith take all reasonable steps requested by Endurance Specialty Insurance Ltd. to assist Endurance Specialty Insurance Ltd. in obtaining a dismissal of these claims (other than on the merits) and will, without limitation, undertake to the court or other tribunal to reduce any judgment or award against such other insurers to the extent that the court or tribunal determines that Endurance Specialty Insurance Ltd. would have been liable to such insurers for indemnity or contribution pursuant to this Policy. The Insured shall be entitled to assert claims against Endurance Specialty Insurance Ltd. for coverage under this Policy, including, without limitation, for amounts by which the Insured reduced its judgment against such other insurers in respect of such claims for indemnity or contribution, in an arbitration between Endurance Specialty Insurance Ltd. and the Insured pursuant to this paragraph 4, which arbitration may take place before, concurrently with and/or after the action or proceeding involving such other insurers; provided, however, that Endurance Specialty Insurance Ltd. in such arbitration in respect of such reduction of any judgment shall be entitled to raise any defenses under this Policy and any other defenses (other than jurisdictional defenses) as it would have been entitled to raise in the action or proceeding with such insurers (and no determination in any such action or proceeding involving such other insurers shall have collateral estoppel, res judicata or other issue preclusion or estoppel effect against Endurance Specialty Insurance Ltd. in such arbitration, irrespective of whether or not Endurance Specialty Insurance Ltd. remained a party to such action or proceeding). Page 2 of 3 el SOMPO INTERNATIONAL dim Endurance Specialty Insurance Ltd. h 7/2/2024 50 M PO INTE RIVA71f7NAL POST -LOSS ASSIGNMENT EXCLUSION - THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This policy shall not apply to any loss, damage, demand, claim, occurrence, expense or suit submitted by, represented by, or on behalf of any person, public adjuster, public adjusting firm, vendor, service provider, or entity pursuant to an assignment of benefits, rights, interests, proceeds or causes of action. Your rights, interests, benefits and duties under this policy may not be transferred or assigned without our written consent. All other terms and conditions of this policy shall remain unchanged. ECP 0676 1021 PREMIUM PAYMENT STANDARD CONDITION It is a condition of this contract of insurance that the Premium due at inception must be paid to and received by Underwriters on or before midnight on the 14 February 2024. If this condition is not complied with, then this contract of insurance shall terminate on the above date with the Insured hereby agreeing to pay premium calculated at pro rata for time on risk, subject to the full Premium for the contract becoming payable in the event of a loss. Attached to and forming part of policy no. BPD30000376001 of Endurance Specialty Insurance Ltd., Hamilton, Bermuda Jevon Dickinson AVP, Underwriter, Direct and Facultative — Bermuda The Followed Policy, Schedule and exceptions herein constitute the Insurance Policy for this contract and receipt by the broker is confirmation that the Named Insured Accepts these changes. Page 3 of 3 el SOMPO INTERNATIONAL dim Endurance Specialty Insurance Ltd. h 7/2/2024 Insurer Authorized Document of Insurance (IAD) (Lloyds & Companies) Policy Number; PW0330024 Insured: Colorado Counties Casualty and Property Pool Period: From: 1St January 2024 To: 1st January 2025 Sum Insured Primary USD 25,000,000 Gallagher The Walbrook Building 25 Walbrook London EC4N 8AW Registered Company No.1193013 Ott) Gallagher Insurance Risk Management Consulting alk,smm INTERNATIONAL. dba Enduramc 3Pacfally lusa+arm: Ltd. 7/2/2024 16) Gallagher lin- rance I Risk Management Consulting 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 Arthur J.Gallagher The Walbrook Building 25 Walbrook, London EC4N SAW United Kingdom. Property Division : +44(0) 207204 6000 For all claims notifications: Claims Division : +44(0) 207204 6000 UK.Specialty.Claims.Property@ajg.com s SUMP(' IMFRNATIQAAI dba Enthmnte Specially Insnrmln Ltd 7/2/2024 Gallagher Insurance Risk Management A Consulting a` DUTY OF FAIR PRESENTATION When you answer questions or agree with assumptions during the quotation process, you must disclose material facts or circumstances about the risk(s) you want to insure. A material fact or circumstance is something that would influence the judgement of an insurer in deciding whether or not to insure the risk. This is known as a 'duty of fair presentation' and includes disclosing the following: • Information that you, your firm's senior management, or anyone responsible for arranging your insurance knows, or should know in relation to your business; and • Information that would be revealed by a reasonable search of information available to you or by making enquiries, and could include information held within your business or by someone else (such as your insurance broker). Remember that if you fail to meet this duty, it could mean that the policy is void, or that the insurer is not liable to pay all or part of your claim(s). Please be aware that if any of your details, material facts or circumstances change during the policy period, you must always notify us immediately Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO $NTERNATONa1 Ervlurauw$pc i,ilyJ LkI. 7/2/2024 INSURER AUTHORIZED DOCUMENT OF INSURANCE CONTENTS PAGE S ECTION I -RISK DETAILS 3 S ECTION II - INFORMATION 6 S ECTION III - SECURITY DETAILS 8 S ECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS 11 S ECTION V - FISCAL AND REGULATORY SECTION 15 S ECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION 16 S ECTION VII - THE WORDING 17 S ECTION VIII - SUPPLEMENTAL CLAUSES 57 SUMP(' IMFRNATIQAAI dba Enttunnte Specially Insnrmin Ltd 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting U NIQUE MARKET REFERENCE: TYPE: INSURED: ADDRESS: P ERIOD: INTEREST: S UM INSURED: LIMIT(S) OF LIABILITY: DEDUCTIBLES: SECTION I -RISK DETAILS B1262PW0330024 Risks of Direct Physical Loss or Damage Including Flood, Earthquake and Equipment Breakdown. 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. C/O CTSI 800 Grant ST, Suite 400 Denver, CO 80203 From: 1St January 2024 To: 1St January 2025 Beginning and ending at 12:01 a.m. Local Standard Time at the location of the property insured. Real and Personal Property as described in the Policy Wording and as declared to the Underwriters. TIME ELEMENT: Business Interruption as described in the Policy Wording and as declared to the Underwriters. Subject to the `Order Hereon' stated in SECTION III - SECURITY DETAILS, the Limits of Underwriters' Liability shall be the following Limit(s) of Liability. U SD 25,000,000 ultimate net loss each occurrence, U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Flood, and U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Earthquake. All Other Perils: U SD 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 identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy; subject to the minimum deductible of USD 1,000,000 per occurrence. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •iOMP() INTERNATiONAl )II Endnranit Jpltlnlly l.. L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEDUCTIBLES CONTINUED: Time Element: 24 Hours Service Interruption N OTICES: TERRITORY: CONDITIONS: As per Wording attached SECTION V S UPPLEMENTAL CLAUSES: All as more fully stated in the Policy Wording and as declared to the Underwriters. N OT APPLICABLE As attached in SECTION VIII - SUPPLEMENTAL CLAUSES CHOICE OF LAW & JURISDICTION: P REMIUM: U nited States of America, its territories, possessions and Canada. 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.) — NMA 1191 War and Terrorism Exclusion Endorsement - NMA2918 U .S. Terrorism Risk Insurance Act Of 2002 As Amended Not Purchased Clause - LMA5390 Fraudulent Conduct and Misrepresentation Clause - LMA5120 Application of Sublimits Endorsement — LMA5130 Sanction Limitation and Exclusion Clause LMA3100 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 (amended) Property Cyber and Data Endorsement — LMA5400 Communicable Disease Endorsement — LMA5393 Debris Removal Endorsement — LMA 2343 Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017 Material Damage / Time Element U SD Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO mtrennnnonai En,I„nu,.tSPtiiiiIY 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting PREMIUM PAYMENT TERMS: Premium Payment Condition (Time On Risk) 4/86 TAXES PAYABLE BY INSURED AND ADMINISTERED BY INSURER(S): 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 29th February 2024 If this condition is not complied with, then this contract of Insurance shall terminate on the above date with the Insured hereby agreeing to pay premium calculated at not less than pro rata temporis. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J Gallagher. file and available on request, and provided to Insurers. Total Declared Values: USD 3,594,034,945 Breakdown of values as per Schedule contained within Submission provided to Insurers. Loss record (as advised to Arthur J Gallagher. contained within Submission provided to Insurers. U rogram Limits U SD 50, 000,000 U SD 5, 000,000 U SD 50, 000,000 U SD 50, 000,000 U SD 25, 000,000 U SD 250,000 U SD 5,000,000 U SD 8,071,695 U SD 1,000,000 U SD 50,000 U SD 500,000 U SD 250, 000 U SD 250, 000 U SD 1, 000, 000 U SD 100, 000 U SD 50, 000 U SD 10, 000, 000 U SD 10, 000, 000 U SD 1,000,000 U SD 1,000,000 U SD 10, 000, 000 U SD 5, 000, 000 U SD 1,000,000 U SD 250, 000 U SD 250, 000 U SD 10.000.000 U SD 1, 000, 000 U SD 1, 000, 000 U SD 25.000 U SD 100, 000 U SD 100.000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined N ewly 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 Accounts Receivable Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 5,000,000) within the territorial limits of the policy, any one occurrence Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 8,071,695) within the territorial limits of the policy, any one occurrence in respect of the Following location only: Ouray County Builders Risk Project - 541 4TH,OURAY, CO 81427 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; U nscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, any one occurrence. Personal Property of Employees at a described location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum USD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a N amed Insured subject to a USD 1,500,000 Annual Aggregate for all Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Trees and Shrubs Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxti�Alvl�� L4.1 7/2/2024 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Insurance Risk Management I Consulting USD 10,000,000 Valuable Papers Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting INSURER'S LIABILITY SECTION III - SECURITY DETAILS (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 proportions underwritten by all the members of the syndicate taken together). 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() IMERNATIONAI o Enduranic apai�;llvj L4.1 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk management I Consulting ORDER HEREON: BASIS OF WRITTEN LINES: SIGNING PROVISIONS: 30% of 100% Percentage of Whole 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk management I Consulting 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 % In respect of electronic lines the Underwriter(s) agreement and participation to this Contract has been accepted upon the Lloyd's Placing Platform Limited (PPL) program. Confirmation of Underwriter(s) acceptance is noted within Market Submission - Security Details located on the final pages of this document. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher SLIP LEADER: BUREAU LEADER: BASIS OF AGREEMENT TO CONTRACT CHANGES: OTHER AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR PART 2 GUA CHANGES ONLY: AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR THEIR PROPORTION ONLY, IF ANY: MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS SUBSCRIPTION AGREEMENT SECTION As Per Settlement Information located on the final pages of this document Lloyd's Bureau Leader is As Per Settlement Information located on the final pages of this document Company Bureau Leader is As Per Settlement Information located on the final pages of this document The Bureau Leaders must adhere to the applicable claims agreement practice and act in accordance with CLAIMS AGREEMENT PARTIES, as defined in A or B (below), dependent upon the claim falling within the scope of the Single Claims Agreement Party (SCAP) Arrangement. GUA (version 2.0) February 2014 with Non -Marine Schedule October 2001 Final premium/ going in values to be agreed Leading Underwriter only. 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 Arthur J Gallagher (UK) Ltd using Fax or email. Slip leader only to agree part two changes. None Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting BASIS OF CLAIMS AGREEMENT: CLAIMS AGREEMENT PARTIES: As specified under the CLAIMS AGREEMENT PARTIES and to be managed in accordance with: i) The SINGLE CLAIMS AGREEMENT PARTY ARRANGEMENTS - LMA9150 [as below] for claims or circumstances assigned as Single Claims Agreement Party Claims (SCAP Claims) or, where it is not applicable, then the following shall apply as appropriate: ii) The Lloyd's Claims Scheme (Combined), or as amended or any successor thereto. (N.B. The applicable Lloyd's Claims Scheme/part will be determined by the rules and scope of the Scheme(s)). iii) IUA claims agreement practices. iv) The practices of any company(ies) electing to agree claims in respect of their own participation. The applicable arrangements (scheme, agreement or practices) will be determined by the rules and scope of said arrangements and should be referred to as appropriate. A. Claims falling within the scope of the LMA9150 to be agreed by Slip Leader only on behalf of all (re)insurers subscribing (1) to this Contract on the same contractual terms (other than premium and brokerage) and (2) to these Arrangements. For the purposes of calculating the Threshold Amount, the sterling rate on the date that a financial value of the claim is first established by the Slip Leader shall be used and the rate of exchange shall be the Bank of England spot rate for the purchase of sterling at the time of the deemed conversion. B. For all other claims: 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. The second Lloyd's Syndicate is 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL lmo Enttummy aft L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting CLAIMS ADMINISTRATION: RULES AND EXTENT OF ANY OTHER DELEGATED CLAIMS AUTHORITY: EXPERT(S) FEES COLLECTION: SETTLEMENT DUE DATE: BUREAUX ARRANGEMENTS: iv) All other subscribing insurers that are not party to the Lloyd's/IUA claims agreement practices, each in respect of their own participation. v) Notwithstanding anything contained in the above to the contrary, any ex gratia payments to be agreed by each (re)insurer for their own participation. Arthur J. Gallagher Insurance Brokers Limited and insurers agree that any claims hereunder (including any claims related costs/fees) will be notified and administered via ECF with any payment(s) processed via CLASS, unless both parties agree to do otherwise. Where claims or circumstances are not administered via ECF, notification, administration and payment(s) will be electronic. Where a Lloyd's syndicate or IUA company is not an agreement party to the claim or circumstance (per CLAIMS AGREEMENT PARTIES A. above), they agree to accept correct ECF sequences for administrative purposes to ensure information is circulated to all subscribing parties None Fees to be collected directly between Underwriters and Experts 29th February 2024 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 processed by Arthur J. Gallagher (UK) Ltd. including final stock/loss of profits, 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 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL tho Enttummy SPaihilv.l LPI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting NOTICE OF CANCELLATION PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in accordance with the provisions of the contract, then: To the extent provided by the contract, the Slip Leader is authorised to issue such notice on behalf of all participating (re)insurers; and (optionally) Any (re)insurer may issue such notice in respect of its own participation. The content and format of any such notice should be in accordance with the `Notice of Cancellation' standard, as published by the London Market Group (LMG), or their successor body, on behalf of London Market Associations and participants. However failure to comply with this standard will not affect the validity of the notice given. The notice shall be provided to the broker by the following means: By an email to Compliance UK@ajg.com Failure to comply with this delivery requirement will make the notice null and void. Satisfactory delivery of the notice will cause it to be effective irrespective of whether the broker has acknowledged receipt. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting TAX PAYABLE BY INSURER(S): COUNTRY OF ORIGIN: OVERSEAS BROKER: S URPLUS LINES BROKER: SECTION V - FISCAL AND REGULATORY SECTION None United States of America Risk Placement Services, Inc. 2400 Lakeview Pkwy Suite 675, Alpharetta, GA 30009 Joel Cavaness 2850 Golf Road, 5th Floor Rolling Meadows, IL 60008 License Number: 93325 STATE OF FILING: Colorado U S CLASSIFICATION: Surplus Lines ALLOCATION OF P REMIUM TO CODING: 100% P2 REGULATORY CLIENT CLASSIFICATION: Commercial — Large Risk REGULATORY RISK LOCATION: United States of America (Non EEA) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting SECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION FEE PAYABLE BY CLIENT?: TOTAL BROKERAGE: NO OTHER DEDUCTIONS FROM PREMIUM: NIL Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting SECTION VII - THE WORDING 23-24 CAPP Primary Policy 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 USD 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. USD 50, 000, 000 B. USD 5,000,000 C USD 50,000,000 D USD 50,000,000 E. USD 25,000,000 F USD 250,000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined. Newly Acquired Property — 90 Days from the date of acquisition; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition. Accounts Receivable. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() IMERNAnoNAl ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting G. USD 5,000,000 H I J. K. L. M. N . O. P . a R. S . T U V W x. Y. USD 1,000,000 USD 500,000 .USD 250,000 USD 250,000 U SD 2,500,000 USD 100,00 USD 50,000 U SD 10,000,000 U SD 10,000,000 USD 1,000,000 USD 1,000,000 U SD 10,000,000 USD USD USD USD 5,000,000 1,000,000 250,000 250,000 U SD 10,000,000 USD 1,000,000 Z. USD 1,000,000 AA. USD 25,000 BB. USD 100,000 Builders' Risks, Renovations, Repairs made by the Insured at any location (including new locations with total contract cost under USD5,000,000) within the territorial limits of the policy, any one occurrence. Any Builders' Risks, Renovations, Repairs with total contract costs over USD 5,000,000 are not covered under this extension Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; USD 50,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum U SD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road 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 members Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INAT10NAl lmo Enduramc aft L4.I. 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting CC. USD 100,000 Trees and Shrubs DD. USD 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 USD 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. Flood Deductible: USD 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 USD 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 USD 1,000,000 Per Occurrence. Earthquake Deductible: USD 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: B. Discharge the Insured's obligation under the terms of this agreement by administering a complete claims handling program. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() IMERNAnoNAl ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting Property Insurance AGREEMENT A — BUILDING ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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. Definitions/Provisions 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() INTERNATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management I Consulting 3 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; 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, and 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 an 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. Any builders' risks, renovations, repairs with total contract costs over USD 5,000,000 are not covered 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 5 Bridges, culverts, roadways, streets, walks, or paved surfaces, dams, docks, piers and Wharves; 6 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over USD 5,000,000 the Company will charge an additional premium. For Property with values under USD 5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B. MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will providethe Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1st of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. 2 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. 3 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 4 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. 5 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. 6 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. 7 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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. 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxti�AlvSe, I. 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 (30) 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. 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 compld with such statues. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 50MP[) INTERNATiONAl )II Endnranit Jpltlnlly l.. L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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. 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. 26. 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. 27. 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. 28. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() INTERNATiONAl )o- Endnranit Sinxi lly l.. L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting The limit shown in the Coverage Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy. 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 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() mTERNATiONAl ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() mTERNATiONAl ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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. 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 a direct result of physical loss or damage by fire, lightning, 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management I Consuiting For example: a fire damage 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 USD 25,000 in any one occurrence or USD 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 USD 1,500,000 Aggregate applies to all County members. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting ENDORSEMENT A EXCESS CLAUSE 1. EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •iOMP() INTERNATIONAI ttha Ery: SPaikily LPI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management I Consuiting no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non- concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. C. In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects thoseperils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Las Animas 2 Archuleta 27 Lincoln 3 Baca 28 Logan 4 Bent 29 Mineral 5 Chaffee 30 Moffat 6 Cheyenne 31 Montezuma 7 Clear Creek 32 Montrose 8 Conejos 33 Morgan 9 Crowley 34 Otero 10 Custer 35 Ouray 11 Delta 36 Park 12 Dolores 37 Phillips 13 Elbert 38 Prowers 14 Fremont 39 Pueblo 15 Garfield 40 Rio Blanco 16 Gilpin 41 Rio Grande 17 Grand 42 Routt 18 Gunnison 43 Saguache 19 Hinsdale 44 San Juan 20 Huerfano 45 San Miguel 21 Jackson 46 Sedgwick 22 Kiowa 47 Summit 23 Kit Carson 48 Teller 24 La Plata 49 Washington 25 Lake 50 Yuma Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Equipment Breakdown Insurance Policy is similarly endorsed, and it may be cancelled by the Company on 90 days' written notice to the Insured. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxtitilvj L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 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; 10. Evidence of debt; 11. 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: 11. 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxtitilvj L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •SOMPO mtrennnnonai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty- four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxti�Alvl�� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. B. C. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxtitilvj L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos - containing material. B This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos- containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2 the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3 any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos- containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •iOMP() INTERNAT10NAl tho Enduranic SPai�ilv.l L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2. SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMP() IMERNAnoNAl )o Endura�ac aixxi�;llvl�tL4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 1.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Ins trance Risk Management I Consuiting 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). Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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. P lease read this Notice carefully. The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on P residential 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO mtrennnnonai En,I„nu,�v sna�lv,, 1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 by making use of Merchandise, Stock (Raw, In Process or Finished), or any other property at the Insured's locations or elsewhere, and/or b) 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •SOMP[) INTERNATIONAI ttha Ery: SPaikily LPI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1 In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 U nited Nations resolutions or the trade or economic sanctions, laws or regulations of the European U nion, United Kingdom or United States of America. LMA3100 15 September2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. NMA2918 08/10/2001 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting SECTION VIII - SUPPLEMENTAL CLAUSES N otwithstanding anything to the contrary contained herein, it is understood and agreed that this insurance is subject to the following clauses which are attached hereto:- N o.1: WEH Asbestos Endorsement (1994) - 518ARM00210 N o.2; Service of Suit Clause (U.S.A.) - LMA5020 N o.3: Biological or Chemical Materials Exclusion - NMA2962 N o.4: Radioactive Contamination Exclusion Clause - Physical Damage - Direct (U.S.A.) - NMA1191 N o.5: War and Terrorism Exclusion Endorsement - NMA2918 N o.6: U.S. Terrorism Risk Insurance Act Of 2002 as Amended Not Purchased Clause 5390 N o.7: Fraudulent Conduct and Misrepresentation Clause - LMA5120 N o.8: Application of Sublimits Endorsement — LMA5130 N o. 9 Sanction Limitation and Exclusion Clause — LMA3100 N o. 10: Inadvertent Errors and Omissions Clause N o. 11: Extension of Coverage — Miscellaneous Unnamed Location N o. 12. Off Premises Utilities' Services Clause (Business Interruption) - LMA5041 (amended). N o. 13: Ingress/Egress Extension (Business Interruption) N o. 14: Civil or Military Authority Extension (Business Interruption) - LMA5161 N o. 15: Business Interruption Extension - LMA5039 (amended) N o. 16: Property Cyber and Data Endorsement — LMA 5400 N o. 17: Communicable Disease Endorsement — LMA 5393 N o.18: Debris Removal Endorsement — LMA 2343 N o. 19: Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017, 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. LMA5020 N o.3 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2962 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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. N MA1191 N o. 5 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2918 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iOMPq IMERNAnoNAl ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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. LMA5390 09 January 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 19 November 2008 No. 8 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED APPLICATION OF SUBLIMITS 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL o Enduramcalxtitilvj L4.1 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting N o. 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 N o. 10 INADVERTENT ERRORS AND OMISSIONS CLAUSE The property insured under this policy is based on property as per Schedule of Values on file with U nderwriters, 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 518AJ G 00209 N o. 11 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 12 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 No. 13 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. eSOMPO im1-ZaTionai En,t„nu,.tSPtiiiily 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk Management I Consulting No. 14 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 28 consecutive days. LMA5161 15 December 2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 15 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL tho Enduranit SPaihilv.l LPI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 50MP[) INTERNATIONAL ion Endura�acapahAlvl� L4.1 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management Consulting 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. 2. Raw Stock Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 16 PROPERTY CYBER AND DATA ENDORSEMENT 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3 regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. iTMERNOP() INATIONAL Imo Enduranm SPtti�IIy I LkI 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Risk Management I Consuiting 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 17 COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 25 March 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. •SOMPO m1-ZaTionai En,I„nu,.tSPtiiiiIY 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 18 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 50MP[) INTERNATiONAl )o EndGrllRt JPRiHisr 1 L41 7/2/2024 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting No.19 TERRITORIAL EXCLUSION: RUSSIA, UKRAINE AND BELARUS Notwithstanding anything to the contrary in this Policy, this Policy excludes any loss, damage, liability, cost or expense of whatsoever nature, directly or indirectly arising from or in respect of any: i. entity domiciled, resident, located, incorporated, registered or established in an Excluded Territory; ii. property or asset located in an Excluded Territory; iii. individual that is physically in an Excluded Territory; iv. claim, action, suit or enforcement proceeding brought or maintained in an Excluded Territory; v payment in an Excluded Territory. This exclusion will not apply to any coverage or benefit required to be provided by the insurer by law or regulation applicable to that insurer, however, the terms of any sanctions clause will prevail. For purposes of this exclusion, "Excluded Territory" means: Belarus (Republic of Belarus); and Russian Federation; and Ukraine (including any disputed regions of Ukraine and including the Crimean Peninsula) All other terms, conditions and exclusions remain unchanged. LMA5583B 8 March 2023 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. SOMPO INTERNATONAI EnslamorSnevilily,l LkI 7/2/2024 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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, 2027, 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 80% OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURER(S) P ROVIDING THE COVERAGE. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A USD 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 USD 100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED U SD 100 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 USD hereby elect to purchase coverage for acts of terrorism for a prospective premium of I understand hereby elect that to I will have coverage have no coverage for acts for of losses terrorism arising excluded from acts of from my terrorism. policy. I Policyholder/Applicant's Signature P rint Name Date LMA9184 09 January 2020 Syndicate on behalf of certain underwriters at Lloyd's Policy Number Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. • SOMPNATIONAi EntImmov$Pa 64:4V :1114;r- 7/2/2024 Policy Number: (UMR) B1262PW0330024 SECURITY DETAILS REFERENCES UMR (Unique Market Reference): B1262PW0330024 Date contract printed to PDF: 11:08 20 December 2023 SIGNED UNDERWRITERS Beazley Syndicates AFB 15% Written 14.5% Signed beazley AFB a12623I0623 J W V 2 0 F 2 4 A N F F P25M P2 Slip Leader 16:42 15 December 2023 Lloyd's Underwriter Syndicate No. AFB 2623 (82.21 %) / AFB 623 (17.79%), London, England Katie Hunter Bound Subjectivities Please endorse premium for order Deadline Please endorse 2nd Lloyd's syndicate Deadline Status Agreed Status Agreed Endorsement C Joint Loss Clause complete `Policy No.' and 'By' - please endorse Deadline Blenheim Underwriting Limited 4% Written 3% Signed Blenheim S' NDICATC 5885 Status Agreed g�WBC v1 5886 D 2 4 A 80 6 OIA 0 0 1 SJA P2 09:54 18 December 2023 Lloyd's Underwriter Syndicate No. 5886 WBC, London, England Simon Anthony Bound Market Submission - Security Details Page 1 of 3 11:08 20 December 2023 S WIMP() INTFRNAT1nrAl dbu EnJncunc Spcclally lus,cmcc If ]. 7/2/2024 Policy Number: (UMR) B1262PW0330024 Lloyd's Insurance Company S.A. Written 5% Signed 5% 5% Written 5% Signed Lloyd's Insurance Company S.A. HDU 5303 NIT I A E E3 6 1 6 C X P2 09:02 18 December 2023 Lloyd's Insurance Company S.A. HDU 5303; Reinsured by Lloyd's syndicate HDU 382 a) Reece Ballard Bound HCC International Insurance Company PLC 613/0 Written 6% Signed TOKIOMARINE HCC XIS LIRMA H5100 P2 4 E 0 23 0 A 0 0 1 DM - primary 20:20 18 December 2023 Houston Casualty Company (UK Branch of 42374), LIRMA H5100 David Mansell Bound Unicorn Underwriting Limited 1.5°/0 Written 1.50/0 Signed UNDERWRITING 1 0 0 7 6 4 0 3 7 P M L 12:26 11 December 2023 Unicorn WWP Limited binding on behalf of Aviva Insurance Limited B123022UWP1400 Property 2022 - (100%). All claims to be notified direct to Aviva. Lewis Jones Bound Market Submission - Security Details Page 2 of 3 11:08 20 December 2023 S WIMP() INTFRNAT1nrAl dbu Endncunc Spcclally lus,cmcc If ]. 7/2/2024 Policy Number: (UMR) B1262PW0330024 SETTLEMENT INFORMATION Terms of Settlement Settlement Due Date: 29 February 2024 Instalment Premium Period of Credit: 0 Adjustment Premium Period of Credit: 0 Beazley Syndicates AFB Non -Bureau Leader Katie Hunter Market Submission - Security Details Page 3 of 3 11:08 20 December 2023 S WIMP() INTFRNAT1nrAl dbu EnJncunc SpcclwIly lus,cmcc If ]. 7/2/2024 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 eligible nonadmitted insurer. There is no protection under the provisions of the Colorado Insurance Guaranty Association Act. This policy is issued by an insurance company that is not regulated by the Colorado Division of Insurance. The insurance company may not provide claims service and may not be subject to service of process in Colorado. If the insurance company becomes insolvent, insureds or claimants will not be eligible for protection under Colorado insurance law. GENERAL PROPERTY DECLARATIONS This Declaration Page is attached to and forms part of the Policy as defined herein. Policy Number: PLM-00659-24 Named Insured and Mailing Address: Colorado Counties Casualty and Property Pool 800 Grant Street, Suite 400 Denver, CO 80203 Producer Named and Address: CRC Group - Birmingham - Paul Martin 1 Metroplex Drive, Suite 400 Birmingham, AL 32509 Policy Period: Effective Date: 1/1/2024 Expiration Date: 1/1/2025 (Both days at 12:01 A.M. Standard Time at the Named Insured's mailing address) Issuing Company: Palms Specialty Insurance Company 700 Universe Boulevard Juno Beach, FL 33408 Program Manager: CRC Insurance Services, Inc. 1 Metroplex Drive, Suite 400 Birmingham AL 35209 Commercial Property Coverage In return for the payment of the premium, and subject to all terms and conditions of this policy, the Issuing Company agrees to provide the insurance as stated in this policy. The Program Manager is not an insurer hereunder and neither is nor shall be liable for any loss or claim whatsoever. PREMIUM: This policy consists of the following coverage for which premium is indicated. This premium may be subject to adjustment: Commercial Property: TRIA: Modeling Fee: $105,000.00 REJECTED $1,500.00 TOTAL: $106,500.00 Minimum Earned Premium: 35.00% Forms and Endorsements: See attached Schedule of Forms and Endorsements, Spectrum Forms 08 22 CO SURPLUS LINES TAX -$3,150.00 Date of Issuance: 5/21/2024 Authorized Representative Alex J. Bonds, Chief Underwriting Officer Please note: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'. SCHEDULE OF FORMS AND ENDORSMENTS Policy Number: PLM-00659-24 Named Insured: Colorado Counties Casualty and Property Pool FORM/ENDORSEMENT NUMBER NAME CO SL Notice Colorado Surplus Lines Notice Spectrum Dec 08 22 Spectrum Declaration Page Spectrum Forms 08 22 Schedule of Forms and Endorsements Change End Page Policy Endorsement Page Spectrum PFF Spectrum Participation Follow Form Endorsement Spectrum SOS 08 21 Spectrum Service of Suit Clause LMA5393 25Mar2020 Communicable Disease Endorsement LMA3100 15Sept2010 Sanction Limitation and Exclusion Clause IL P 001 01 04 OFAC Advisory Notice to Policyholders LSW1001INS 08/194 Several Liability Notice NMA2918 War and Terrorism Exclusion Endorsement Spectrum NCBR 08 21 Spectrum Chemical, Biological, Nuclear and Radioactive Explosion, Pollution Spectrum Asbestos 08 21 Spectrum Asbestos Endorsement Spectrum Claim 08 22 Spectrum Claims Reporting and Adjustment LMA5400 11Nov2019 Property Cyber and Data Endorsement Spectrum OLLE 08 22 Spectrum Occurrence Limit of Liability LMA5390 09Jan2020 U.S. Terrorism Risk Insurance Act of 2002 as amended - Not Purchased Clause Spectrum TRIA EXCL 08 21 Exclusion of Certified Acts of Terrorism Spectrum MEP 08 22 Minimum Earned Premium Endorsement Spectrum Assignment 06 22 Spectrum Assignment These endorsements change the policy and take precedence over any conflicting coverage/endorsements within the follow policy. Spectrum Forms 08 22 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. GENERAL CHANGE ENDORSEMENT #1 Insured Name: Colorado Counties Casualty and Property Pool Policy Number: PLM-00659-24 Endorsement Effective Date: 1/1/2024 It is hereby noted and agreed with effect from 1/1/2024 the following changes are made to this policy: All Buildings with outstanding damage are excluded, contact underwriter if waiver needed All coverage is as a result of direct physical loss or damage only All endorsements added to this policy will supersede any waiver provision embedded in the Primary/Underlying policy All mandatory state endorsements to apply Coverage excludes all loss or damage directly or indirectly caused by any Named Storm in existence at time of written request to bind or inception of any new or additional exposure Occurrence Limit of Liability item 2.b is deleted in its entirety Producer is responsible for collection/payment of State taxes and related fees Subject to no deterioration in loss record or terms to be reviewed The complete Named Insured listing (if any) is per schedule on file with the Program Manager All other terms, conditions and exclusions of the policy remain unaltered. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PARTICIPATION FOLLOW FORM ENDORSEMENT The Limit(s) of Insurance, Sublimit(s), and Deductibles provided by this Policy, including any Endorsements thereto, represent 100% of all participating carriers; unless indicated otherwise. The Program Manager Companies' total combined participation shall be per the Participation provisions stated below. PARTICIPATION In the event of loss, this Policy's retained proportionate share of the Limit of Insurance and Sublimit(s) shall not exceed: Excess Layer: 15.00% Quota Share; being $3,750,000 part of $25,000,000 excess of $25,000,000, which, in turn, is excess of any applicable Deductible. This policy, to which this endorsement is attached, shall run concurrently with and be subject to the same terms, provisions and limitations of the policy listed below (which shall be on file with the Program Manager), except as regards premium amount and limits of liability, or as may endorsed hereon: Insurer: StarStone Specialty Insurance Company Policy No: Q87959241 CSP All other terms, conditions and exclusions of the policy remain the same. Spectrum PFF 08 21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 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 Attn: General Counsel Palms Specialty Insurance Company, Limited 700 Universe Boulevard Juno Beach, FL 33408 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. LMA5020 14 Sept. 2005 All other terms, conditions and exclusions of the policy remain the same. Spectrum SOS 08 21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. COMMUNICABLE DISEASE ENDORSEMENT 1 This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain unaltered. LMA5393 25 March 2020 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 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. All other terms, conditions and exclusions of the policy remain unaltered. LMA3100 15 September 2010 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC") ADVISORY NOTICE TO POLICYHOLDERS N o 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 P residential 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 N ational 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. All other terms, conditions and exclusions of the policy remain unaltered. ILP0010104 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. SEVERAL LIABILITY NOTICE The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co -subscribing insurer who for any reason does not satisfy all or part of its obligations. 08/94 LSW1001 (Insurance) All other terms, conditions and exclusions of the policy remain unaltered. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 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. NMA2918 08/10/2001 All other terms, conditions and exclusions of the policy remain unaltered. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. CHEMICAL, BIOLOGICAL, NUCLEAR AND RADIOACTIVE EXPLOSION, POLLUTION OR CONTAMINATION EXCLUSION CLAUSE Notwithstanding any provision to the contrary within this Policy or any endorsement thereto, this Policy excludes absolutely any, loss, damage, cost, claim, expense, sum or other obligation of any kind or description directly or indirectly caused by, contributed to, resulting from, or arising out of or in connection with actual, threatened, feared or perceived use of any biological, chemical, radioactive or nuclear agent, material, device or weapon regardless of any other cause or event that contributes concurrently or in any sequence thereto. The above exclusion also applies to 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. All other terms, conditions and exclusions of the policy remain unaltered. Spectrum NCBR 08 21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ASBESTOS ENDORSEMENT 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 Cause of Loss: Fire, explosion, lightning, direct impact of vehicle, aircraft or vessel; riot or civil commotion; vandalism or malicious mischief; and 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 Cause of Loss. 2. The Listed Causes of Loss 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 Cause of Loss 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 period. 4. Insurance under this policy in respect of asbestos shall not include any sum relating to: a. any faults in the design, manufacture or installation of the asbestos. b. asbestos not physically damaged by the Listed Cause of Loss including any governmental or regulatory authority direction or request of whatsoever nature relating to undamaged asbestos. Except as set forth in the foregoing Section Al this policy excludes absolutely any, loss, damage, cost, claim, expense, sum or other obligation of any kind or description directly or indirectly caused by, contributed to, resulting from, or arising out of or in connection with asbestos or asbestos -containing material. All other terms, conditions and exclusions of the policy remain the same. Spectrum Asbestos 08 21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Claims Handling Procedures Notices of each incident or claim must be sent immediately to: Sedgwick Delegated Authority 12650 Ingenuity Drive, Suite 200 Orlando, FL 32804 E -Mail: spectrum@sedgwick.com Phone: (844)-319-6238 Fax: (407)-894-6710 the costs of such adjustments shall be borne by each Company in proportion to its pro -rata participation in this policy. In the event the Company(s) elects to use its own adjusters or independent adjusters or consultants other than as listed above, expenses so incurred shall be borne solely by the Company. It is further understood and agreed that, notwithstanding any provision contained elsewhere in this policy to the contrary, the Insured will be deemed to be in full compliance with any claim notice requirements, if notice of an occurrence is made to the Company(ies) as soon as practicable after knowledge by the Insured or their representatives, that such occurrence will, or is likely to result in a claim under the policy. Any unintentional failure to report any occurrence or claim shall not invalidate coverage with respect to any such occurrence or claim. All other terms, conditions and exclusions of the policy remain unaltered Spectrum Claims 08 22 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PROPERTY CYBER AND DATA ENDORSEMENT 1. Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2. Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3. Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4. In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5. This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6. Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7. Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8. Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9. Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10. Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System 11. Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 All other terms, conditions and exclusions of the policy remain unaltered. THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. OCCURRENCE LIMIT OF LIABILITY It is understood and agreed that the following special terms and conditions apply to this policy: 1. This endorsement modifies insurance provided under this policy. It is agreed that the following special terms and conditions apply to this policy: 1. The DEFINITIONS Section of the policy and any forms or endorsements attached thereto are amended by the addition of the following Definition: "Occurrence" shall mean any one loss, disaster, casualty or series of losses, disasters or casualties, arising out of one event. The duration and extent of any one loss, disaster, casualty or series of losses, disasters or casualties will be limited to all losses or series of losses occurring during any period of 168 consecutive hours arising out of, and directly occasioned by, the same 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 event shall be construed to be all losses arising during a continuous period of 72 hours. When filing proof of loss, you may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than when the first loss occurs to any Covered Property. 2. The premium for this policy is based upon the Statement of Values on file with us, or attached to this policy. In the event of loss hereunder, our liability, subject to the terms of paragraph 3. below, shall be limited to the least of the following: a. The actual adjusted amount of loss, less applicable deductible(s). b. DELETED c. The Limit of Liability or Amount of Insurance shown on the Declarations Page or endorsed onto this policy. 3. The Limit of Liability or Amount of Insurance shown on the Declarations Page of this policy, or endorsed onto this policy, is the total limit of our liability applicable to each "occurrence". Notwithstanding any other terms and conditions of this policy, in no event shall our liability exceed this limit or amount, irrespective of the number of locations involved. All other terms, conditions and exclusions of the policy remain unaltered. Spectrum OLLE 08 22 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 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. LMA5390 09 January 2020 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION OF CERTIFIED ACTS OF TERRORISM A. The following definition is 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: 1. 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 2. 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. B. The following exclusion is added: CERTIFIED ACT OF TERRORISM EXCLUSION The Companies will not pay for loss or damage caused directly or indirectly by a "Certified 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. C. Exception Covering Certain Fire Losses As respects to property located in states that have Standard Fire Policy or similar laws mandating that insurance Companies provide coverage for "fire following" any Certified Acts of Terrorism, the following exception to the exclusion in Paragraph B. applies: If a "Certified Act of Terrorism" results in fire, the Companies will pay for the loss or damage caused by that fire. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the coverage 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. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and the Companies have met their insurer deductible under the Terrorism Risk Insurance Act, the Companies shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. Application Of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Policy. All other terms, conditions and exclusions of the policy remain the same. Spectrum TRIA EXCL 08 21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. MINIMUM EARNED PREMIUM ENDORSEMENT This endorsement modifies insurance provided under this policy. It is agreed that in the event of cancellation of this policy by you, a minimum premium of 35.00% of the original policy premium shall become earned; any conditions of the policy to the contrary notwithstanding. Your failure to make timely payment of premium shall be considered a request by you for us to cancel. In the event of such cancellation by us for non-payment of premium, the minimum premium shall be due and payable; provided, however, such non-payment cancellation shall be rescinded if you remit the full premium due within ten (10) days of receiving it. In the event of any other cancellation by us, the earned premium shall be computed pro rata, not subject to the minimum premium. All other terms, conditions and exclusions of the policy remain unaltered Spectrum MEP 08 22 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ASSIGNMENT This policy and any and all rights, interests, or obligations of this policy, shall not be assigned or transferred without the prior written consent of Palms Insurance Company, Limited. All other terms, conditions and exclusions of the policy remain unaltered. Spectrum Assignment 06 22 Commercial Property - Claim Reporting and Claim Questions Options for Reporting a New Claim • Telephone • Fax . • Email. • Mail AIG CallOnesn: 800-931-9546 24/7, 365 days/year 855-805-4125 Please send your email to: NewLoss-USproperty&energyaaig.com P.O. Box 25967, Shawnee Mission, KS 66225 Such notice shall include the Named Insured as shown on the Declarations, the policy number, the date of loss and a brief description of the potential claim. Options for Questions Regarding Existing/Previously Reported Claims For questions regarding existing claims, contact should be made directly via phone or email with the assigned AIG Examiner. However, in the instance where an AIG Examiner is unknown, please use the following methods to obtain the information: • Claim Service Center: 877-873-9972 • AIG CallOne: ne: 800-931-9546 Ed. 04/19 Lexington INSURANCE Item 3. Limits of Liability: A. Company Occurrence Limit: Member of AIG LEXINGTON INSURANCE COMPANY ADMINISTRATIVE OFFICES: 99 HIGH STREET, BOSTON, MA 02110 (hereinafter called the "Company") PROPERTY FOLLOW FORM EXCESS POLICY DECLARATIONS Policy Number: 006893563 Renewal of: 006893563 Item 1. Named Insured: COLORADO COUNTIES, INC. Address: 800 N GRANT ST STE 500, DENVER, CO 80203-2987 Item 2. Policy Period: 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'. From: 01/01/2024 To: 01/01/2025 (At 12:01 A.M. Standard Time at the address as indicated in the Followed Policy.) CO SURPLUS LINES TAX -$4,770.00 20.00% being $5,000,000 part of $25,000,000 per Occurrence and in excess of the Underlying Limit B. Underlying Limit (Attachment Point): $25,000,000 per Occurrence and in the Annual Aggregate for Earth Movement, Flood and/or NOT APPLICABLE C. Company Aggregate Sublimit(s) of Liability: If the words NOT COVERED are shown instead of a sublimit of liability or if a sublimit of liability is not shown, corresponding► to any coverage or peril, then no coverage is provided for that coverage or peril under this Policy. 1. Earth Movement: 2. Flood: 20.00% being $5,000,000 part of $25,000,000 per Occurrence and in the Annual Aggregate 20.00% being $5,000,000 part of $25,000,000 per Occurrence and in the Annual Aggregate 3. Other Aggregated Coverage(s)/Peril(s) (if any): NOT APPLICABLE NOT APPLICABLE% being $NOT APPLICABLE part of $NOT APPLICABLE per Occurrence and in the Annual Aggregate The Company's participation as set forth herein under this Policy shall not be increased, for any reason, including: (1) the receivership, bankruptcy, insolvency, liquidation, or LX 138036 (11/20) ©American International Group, Inc. All Rights Reserved. Page 1 of 2 dissolution of any other Participating Insurer; (2) the denial or reservation of rights with respect to any claim by any other Participating Insurer; (3) the cancellation, non - renewal, or other termination of any policy issued by any other Participating Insurer; or (4) the inability, refusal, or failure, for any reason, of any other Participating Insurer to fulfill its duties or obligations under any policy or program. The Company's liability is several, but not joint, under this Policy. Item 4. Premium: Total Premium: $159,000 Terrorism Premium: $DECLINED Minimum Earned Premium: 35.00% of Total Premium Item 5. Followed Policy: Insurance Company: LLOYD'S OF LONDON Named Insured: COLORADO COUNTIES, INC. Policy Period: From: 01/01/2024 To: 01/01/2025 Followed Policy Number: PW0330024 Item 6. Forms Attached: See attached Forms Schedule IN WITNESS WHEREOF, we have caused this Policy to be signed on the Declarations by our President, Secretary and our duly authorized representative. deras..i President Secretary This Policy shall not be valid unless signed at the time of issuance by our authorized representative. Authorized Representative Countersignature (if applicable) Date Countersigned At LX 138436 (11/20) ©American International Group, Inc. All Rights Reserved. Page 2 of 2 FORMS SCHEDULE Named Insured: COLORADO COUNTIES, INC. Policy No: 006893563 Form Number Edition Date Endorsement Number LX138036 LX138037 PR4266 NMA2918 PR4419 PR4259 PR8300 LM138054 PR4225 PR9015 PR9019 Y69859 LM138003 LM137987 LM138023 LM138024 11/20 11/20 12/14 08/01 10/15 O 7/14 12/07 04/21 O 7/13 04/16 10/19 O 2/98 O 3/20 O 3/20 O 6/20 O 6/20 001 002 003 004 005 006 007 008 009 O 10 O 11 O 12 Effective Date: 01/01/2024 Title PROPERTY FOLLOW FORM EXCESS POLICY DECLARATIONS PROPERTY FOLLOW FORM EXCESS POLICY TERRORISM EXCLUSION ENDORSEMENT WAR AND TERRORISM EXCLUSION ENDORSEMENT EQUIPMENT BREAKDOWN EXCLUSION ENDORSEMENT ANTI -STACKING ENDORSEMENT CANCELLATION - ADDITIONAL PROVISIONS FUNGUS, MOLD OR SPORE EXCLUSION ECONOMIC SANCTIONS ENDORSEMENT POLLUTION, CONTAMINATION, DEBRIS REMOVAL EXCLUSION ENDORSEMENT STANDARD PROPERTY CONDITIONS PROPERTY MILLENNIUM ENDORSEMENT COMMUNICABLE DISEASE EXCLUSION HIGH HAZARD EARTHQUAKE ZONES DEFINITION ENDORSEMENT (NEW MADRID AND PACIFIC NORTHWEST) O 13 AIR SUPPORTED STRUCTURES EXCLUSION ENDORSEMENT O 14 GRAIN ELEVATOR EXCLUSION ENDORSEMENT DOC018(Ed.12/87) LX0295 Page 1 of 2 LM138O25 O6/2O LMA 5400 11/19 LM137993 O3/2O LM13812O O9/22 LM138116 O6/22 LM138126 12/22 LM138133 12/22 LM138112 O3/23 LM138139 O3/23 MANUSCRIPT MANUSCRIPT MANUSCRIPT O 15 (1) DAMS, DIKES AND LEVEES AND (2) FILL BENEATH ANY BUILDINGS OR STRUCTURES EXCLUSION ENDORSEMENT O 16 PROPERTY CYBER AND DATA ENDORSEMENT O 17 JOINT LOSS AGREEMENT ENDORSEMENT (BOILER & MACHINERY) O 18 EXTORTION AND RANSOMWARE EVENT EXCLUSION O 19 (1) DIGITAL ASSETS AND (2) OPERATIONS WITH RESPECT TO DIGITAL ASSETS EXCLUSIONARY ENDORSEMENT O 2O OCCURRENCE DEFINITION AND APPLICATION OF LIMITS OF LIABILITY ENDORSEMENT O 21 MAXIMUM AMOUNT PAYABLE ENDORSEMENT O 22 NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOLOGICAL EXCLUSION WITH RADIOACTIVE CONTAMINATION COVERAGE ENDORSEMENT O 23 CONFISCATION, EXPROPRIATION AND NATIONALIZATION EXCLUSION ENDORSEMENT O 24 CANCELLATION AMENDATORY ENDORSEMENT O 25 SHARED COVERAGE O 26 GENERAL CHANGE ENDORSEMENT DOC018(Ed.12/87) Page 2 of 2 LX0295 POLICYHOLDER NOTICE Thank you for purchasing insurance from a member company of American International Group, Inc. (AIG). The AIG member companies generally pay compensation to brokers and independent agents, and may have paid compensation in connection with your policy. You can review and obtain information about the nature and range of compensation paid by AIG member companies to brokers and independent agents in the United States by visiting our website at www.aig.com/producer-compensation or by calling 1-800-706- 3102. 91222 (9/16) Notice to Colorado Policyholders This contract is delivered as surplus line insurance under the 'Nonadmitted Insurance Act.' The insurer issuing this contract is not admitted in Colorado but is an approved nonadmitted insurer. There is no protection under the provisions of the 'Colorado Insurance Guaranty Association Act.' If this policy is written on a claims -made basis, the following applies: This policy is a claims -made policy which provides liability coverage only if a claim is made during the policy period or any applicable extended reporting period. Colorado Fraud Warning 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. Lexington INSURANCE Member of AIG LEXINGTON INSURANCE COMPANY ADMINISTRATIVE OFFICES: 99 HIGH STREET, BOSTON, MA 02110 (hereinafter called the "Company") PROPERTY FOLLOW FORM EXCESS POLICY I. INSURING AGREEMENT A. This Policy insures the Company's share of direct physical loss or damage to property insured by the Followed Policy against the peril(s) the Company covers under this Policy and also insures business income and Additional Coverage(s)/Coverage Extension(s), but only in accordance with the terms and conditions for the Additional Coverage(s)/Coverage Extension(s) as set forth in the Followed Policy. B. The terms and conditions of the Followed Policy are incorporated as part of this Policy. Notwithstanding the foregoing sentence, if the terms and conditions of this Policy are inconsistent with the Followed Policy, the terms and conditions of this Policy shall apply. II. LIMITS OF LIABILITY A. Regardless of the number of Underlying Policies, locations for which coverage is provided, perils insured against or coverages provided, the Company's share of the Company Occurrence Limit shown in Item 3.A. of the Declarations (hereinafter, the Occurrence Limit) is the Company's maximum liability for any one Occurrence covered under this Policy. B. The Occurrence Limit applies in excess of the applicable Underlying Limit shown in Item 3.B. of the Declarations and such Occurrence Limit only applies to coverages and perils covered under this Policy. If any coverage in the Underlying Policies is subject to: (1) a sublimit of liability or (2) is excluded by this Policy, the Company will recognize the reduction of the Underlying Limit by the payment or the obligation of the Underlying Insurers to pay such sublimit of liability or such excluded coverage. C. Except as provided under Subsection II.D., this Policy shall not drop down (meaning pay any amount below the Underlying Limit) with respect to any coverage or peril in the Underlying Policies, whether or not an aggregate applies to such coverage or peril. D. Dropdown Provision: If coverage is provided under Item 3.C. of the Declarations, upon reduction or exhaustion of the Underlying Aggregate Limit for Earth Movement, Flood or Other Aggregated Coverage or Peril, whichever is applicable, by the payment or the obligation of the Underlying Insurers to pay such Underlying Aggregate Limit, the Company shall respond as excess of such reduced or exhausted Underlying Aggregate Limit. The Company's maximum liability is subject to its share of the remaining balance of the applicable Company Aggregate Sublimit of Liability as shown in Item 3.C. of the Declarations. E. Whether or not the Underlying Aggregate Limit is reduced or exhausted, the LX 138037 (11/20) ©American International Group, Inc. All Rights Reserved. Page 1 of 4 deductible of the Followed Policy shall apply to each Occurrence. III. DEFINITIONS - Any term not defined in this Policy shall have the meaning assigned to such term in the Followed Policy. A. Followed Policy means the policy shown in Item 5. of the Declarations. B. Participating Insurer means any insurer or other entity including, a captive or entity u nder a self -insured program, that shares in the liabilities under any policy or program related to the coverage provided under this Policy. C. Underlying Aggregate Limit means (i) the sum of the underlying aggregate limit(s) for each layer of underlying coverage for Earth Movement, (ii) the sum of the u nderlying aggregate limit(s) for each layer of underlying coverage for Flood or (iii) the sum of the underlying aggregate limit(s) for each layer of underlying coverage for the Other Aggregated Coverage or Peril, whichever is applicable. D. Underlying Insurers means all underlying insurers, including the insurer for the Followed Policy. E. Underlying Limit means the underlying limit (attachment point) shown in Item 3.B. of the Declarations. F. Underlying Policies means all underlying policies, including the Followed Policy. IV. CONDITIONS A. CANCELLATION 1. This Policy can be canceled by the First Named Insured by providing the Company with an advance written request for cancellation stating when the cancellation shall be effective. 2. This Policy may be canceled by the Company by giving to the Insured at least sixty (60) days written notice of cancellation or in the case of non- payment of premium, at least ten (10) days' written notice of cancellation. 3. The cancellation will be effective even if the Company has not made or offered a refund. If notice is mailed, proof of mailing will be sufficient proof of notice. 4. If this Policy is canceled, the Company will send the First Named Insured any premium refund due. If the Company cancels, the refund will be pro rata. If the First Named Insured cancels, earned premium will be calculated in accordance with the customary short -rate table and procedure, subject to the Minimum Earned Premium shown in Item 4. on the Declarations. The cancellation will be effective even if the Company has not made or offered a refund. B. CHANGES IN TERMS OR CONDITIONS OF THE FOLLOWED POLICY If during the policy period, the terms or conditions of the Followed Policy are changed in any manner, the Insured shall as a condition precedent to its rights u nder this Policy give the Company written notice of the full particulars thereof immediately. If such changes restrict coverage, this Policy shall become subject to LX 138037 (11/20) ©American International Group, Inc. All Rights Reserved. Page 2 of 4 any such restrictions upon the effective date of the changes in the Followed Policy. If, however, such changes broaden coverage, this Policy shall become subject to any such changes upon the effective date of the changes in the Followed Policy, but only upon the condition that the Company agrees to follow such changes by written endorsement attached hereto and the Insured agrees to any additional premium and/or amendment of the provisions of this Policy required by the Company relating to such changes. Further, such broadened coverage is conditioned upon the Insured paying when due any additional premium required by the Company relating to such changes. C. MAINTENANCE OF UNDERLYING INSURANCE It is a condition of this Policy that the Underlying Policies shall be maintained in full force and effect. Failure to comply with the foregoing shall not invalidate this Policy, but in the event of such failure, the Company shall be liable only to the extent that the Company would have been liable had the Insured complied with this condition. D. MISREPRESENTATION AND FRAUD This entire Policy shall be void if, whether before or after a loss, the Insured has willfully concealed or misrepresented any material fact or circumstance concerning this insurance or the subject thereof, or the interest of the Insured therein, or in case of any fraud or false swearing by the Insured relating thereto. E. NOTICE OF CLAIM AND PROOF OF LOSS Notice of any claim which may affect this Policy shall be reported as soon as practicable to the Company in accordance with the reporting provisions made part of this Policy. The Company may also require a separate Proof of Loss in accordance with its requirements. F. 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. G. SERVICE OF SUIT In the event of the Company's failure to pay any amount claimed to be due hereunder, the Company, at the Insured's request, 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. It is further agreed that service of process in such suit may be made upon Counsel, Legal Department, Lexington Insurance Company, 99 High Street, Boston, Massachusetts 02110 or his or her representative, and that 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 an appeal. Further, pursuant to any statute of any state, territory, or district of the United LX 138437 (11/20) ©American International Group, Inc. All Rights Reserved. Page 3 of 4 States which makes provision therefor, the Company hereby designates the Superintendent, Commissioner or Director of Insurance, or other officer specified for that purpose in the statute, or his or her successors in office as the Company's true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by the Insured or on the Insured's behalf or any beneficiary hereunder arising out of this Policy of insurance and hereby designate the above named Counsel as the person to whom the said officer is authorized to mail such process or a true copy thereof. H. 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 the Insured shall have fully complied with all the requirements of this Policy, nor unless the same be commenced within twenty four (24) months next after the date of the loss, provided however, that if under the laws of the jurisdiction in which the property is located such time limitation is invalid, then any such claims shall be void unless such action, suit or proceedings is commenced within the shortest limit of time permitted by the laws of such jurisdiction. LX 138037 (11/20) ©American International Group, Inc. All Rights Reserved. Page 4 of 4 ENDORSEMENT #001 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY TERRORISM EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: This insurance does not cover loss or damage caused directly or indirectly by terrorism whether controlled or uncontrolled, proximate or remote, sudden or over any length of time, or which is contributed to or aggravated by any other cause or event. Such terrorism is excluded regardless of any other cause or event occurring concurrently or in any sequence with such terrorism. As used herein, terrorism means the use or threatened use of force or violence against a person or property, or commission of an act dangerous to human life or property, or commission of an act that interferes with or disrupts an electronic or communication system, undertaken by any person or group, whether or not acting on behalf of or in any connection with any organization, government, power, authority or military force, when the effect is to intimidate, coerce or harm: a. A government; b. The civilian population of a country, state or community; or c. Disrupt the economy of a country, state or community. So long as the Terrorism Risk Insurance Act of 2002, and any revisions or amendments thereto is in effect (the "Act"), terrorism includes a certified act of terrorism defined by Section 102. Definitions of the Act. All other terms and conditions of the Policy remain the same. Authorized Representative PR4266 (12/14) ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #002 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY WAR AND TERRORISM EXCLUSION ENDORSEMENT (Applies to locations outside the United States of America, its territories and possessions) This endorsement modifies insurance provided by the Policy: 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 organization(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 of the Policy remain the same. Authorized Representative NMA2918 (08/2001) Page 1 of 1 LX8569 ENDORSEMENT #003 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY EQUIPMENT BREAKDOWN EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: Notwithstanding any provision to the contrary within this Policy or any endorsement thereto it is agreed that this Policy excludes loss, damage, cost or expense of whatsoever nature caused by, resulting from or in connection with any of the following: 1. Electrical injury or disturbance to electrical appliances, devices, or wiring caused by artificially generated electrical current, including electric arcing, that disturbs electrical devices, appliances, or wires. 2. Mechanical breakdown, including rupture or bursting caused by centrifugal force. 3. Explosion, rupture, or bursting of steam boilers, steam pipes, steam engines, or steam turbines owned or leased by the Insured, or operated under the control of the Insured. 4. Any condition or event inside any steam boilers, steam pipes, steam engines, or steam turbines that causes loss or damage to such equipment. 5 Any condition or event inside any hot water boilers or other water heating equipment that causes loss or damage to such boilers or equipment. However, if direct physical loss or damage not otherwise excluded by this Policy ensues from any of the excluded causes of loss enumerated in Paragraphs 1 - 5 above, the Company shall cover only such ensuing loss or damage. All other terms and conditions of the Policy remain the same. Authorized Representative PR4419 (10/15) ©American International Group, Inc. Page 1 of 1 All Rights Reserved ENDORSEMENT #004 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY ANTI -STACKING ENDORSEMENT This endorsement modifies insurance provided by the Policy: The following condition is added to the Policy: If this insurance and any other insurance issued to the Insured by the Company or any entity that the Company controls, is controlled by or is under common control with applies to the same loss, claim, suit, occurrence or accident, whichever is applicable, then: 1. The maximum limit of liability, or 2. The maximum sublimit of liability with respect to a specific coverage or specific Covered Cause of Loss or peril; under all insurance available from the above entities in the aggregate will not exceed the highest applicable limit of liability or highest applicable sublimit of liability available under any one policy. However, this condition does not apply to any other insurance issued to the Insured by the Company or any entity that the Company controls, is controlled by or is under common control with which is specifically written to be primary to, in excess of, or quota share with the Policy to which this endorsement is attached. All other terms and conditions of the Policy remain the same. Authorized Representative PR4259 (07/14) ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #005 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY CANCELLATION - ADDITIONAL PROVISIONS This endorsement modifies insurance provided by the Policy: The Policy is amended as respects cancellation. The following additional provisions shall apply with respect to the cancellation provisions of this Policy: If this Policy covers any location or locations in "Tier 1 wind zone(s)" as defined in this Policy, and the Policy is cancelled at the request of the Insured, the following provision will apply: If the Policy was in effect at any time during the period from June 1st to November 30th, the amount of premium we will return upon the Insured's cancellation of the Policy will be a percentage of the total premium, determined as follows: 1 Year Policy Number of Days Policy In Force Percentage of Premium to Be Returned 1 to 180 20% 181 to 210 15% 211to240 10% 241 to 270 7.5% 271 to 300 5.0% 301 to 330 2.5% 331 to 365 0.0% If a coverage or location is added to or deleted from the Policy, each type of coverage or such location(s) shall be underwritten separately and the rate will be determined based upon the characteristics of the risk. If a location within a "Tier 1 wind zone" is added to or deleted from the Policy, and coverage for that location existed at any time during the period from June 1st to November 30th, the premium to be returned for that location upon the Insured's cancellation of the Policy will be determined in accordance with the above table. If a location is not within a "Tier 1 wind zone" and is added to or deleted from the Policy, normal pro rata or short rate factors shall apply as provided by the Policy. All other terms and conditions of the Policy remain the same. Authorized Representative PR8300 (12/07) ©American International Group, Inc. All Rights Reserved. Page 1 of1 ENDORSEMENT #006 This endorsement, effective 12:01 AM, 01 /01 /2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY FUNGUS, MOLD OR SPORE EXCLUSION This endorsement modifies insurance provided by the Policy: I. The following exclusion is added to the Exclusions section, Perils Excluded section or other similar section of the Policy: • Notwithstanding any other provision of this Policy to the contrary, the Company does not insure any loss, cost, damage or expense, directly or indirectly, caused by, arising out of, attributable to, resulting from or occurring concurrently or in any sequence with Fungus, Mold or Spore. II. The following definition is added to the Definitions section or other similar section and applies to this Policy and supersedes any similar definition of the Policy to the contrary: • Fungus, Mold or Spore means: Fungus includes, but is not limited to, any of the plants or organisms belonging to the major group fungi, lacking chlorophyll, and including Mold(s), rusts, mildews, yeast, smuts and mushrooms. Mold includes, but is not limited to, any superficial growth produced on damp or decaying organic matter or on living organisms, and Fungi that produce Mold(s). Spore includes any dormant or reproductive body produced by or arising or emanating out of any Fungus, Mold(s), mildew, plants, organisms or microorganisms. All other terms and conditions of the Policy remain the same. Authorized Representative LM 138054 (04/21) ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #007 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY ECONOMIC SANCTIONS ENDORSEMENT This endorsement modifies insurance provided by the Policy: The Insurer shall not be deemed to provide cover and the Insurer shall not 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 the Insurer, its parent company or its ultimate controlling entity to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union or the United States of America. All other terms and conditions of the Policy remain the same. Authorized Representative PR4225 (07/13) ©American International Group, Inc. Page 1 of 1 All Right Reserved. ENDORSEMENT #008 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY POLLUTION, CONTAMINATION, DEBRIS REMOVAL EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: 1. Property Not Covered This Policy does not cover land, land values or water. 2. Pollution and Contamination Exclusion. This Policy does not cover loss or damage caused by, resulting from, contributed to or made worse by actual, alleged or threatened release, discharge, escape or dispersal of CONTAMINANTS or POLLUTANTS, 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. Nevertheless, if fire is not excluded from this Policy and a fire arises directly or indirectly from seepage or contamination or pollution, any loss or damage insured under this Policy arising directly from that fire is insured, subject to the provisions of this Policy. CONTAMINANTS or POLLUTANTS means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste, which after its release can cause or threaten damage to human health or human welfare or causes or threatens damage, deterioration, loss of value, marketability or loss of use to property insured hereunder, including, but not limited to, bacteria, virus, or hazardous substances as listed in the Federal Water, Pollution Control Act , Clean Air Act, Resource Conservation and Recovery Act of 1976, and Toxic Substances Control Act or as designated by the U. S. Environmental Protection Agency. Waste includes materials to be recycled, reconditioned or reclaimed. This exclusion shall not apply when loss or damage is directly caused by fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm, hail, vandalism, malicious mischief. This exclusion shall also not apply when loss or damage is directly caused by leakage or accidental discharge from automatic fire protective systems. 3. Asbestos, Dioxin or Polychlorinated Biphenyls Exclusions This Policy does not cover - a) Asbestos, dioxin or polychlorinated biphenyls (hereinafter all referred to as "Materials") removal from any good, product or structure unless the asbestos is itself damaged by fire, lightning, aircraft impact, explosion, riot, civil commotion, smoke, vehicle impact, windstorm or hail, vandalism, malicious mischief, or leakage or accidental discharge from automatic fire protective system. PR9015 (04/16) ©American International Group, Inc. Page 1 of 2 LX1093 All Rights Reserved. b) Demolition or increased cost of reconstruction, repair, debris removal or loss of use necessitated by the enforcement of any law or ordinance regulating such Materials; c) Any governmental direction or request declaring that such Materials 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. The exception to exclusion 3(a), above, does not apply to payment for the investigation or defense of any loss, damage or any undamaged portion of the insured's property that can no longer be used for the purpose for which it was intended 4. Debris Removal Exclusion The Company will pay the expense within the sum insured to remove debris of insured property damaged or destroyed by an insured peril during the policy term. The Company will not pay the expense to: a) Extract contaminants or pollutants from the debris; or b) Extract contaminants or pollutants from land or water; or c) Remove, restore or replace contaminated or polluted land or water; or d) Remove or transport any property or debris to a site for storage or decontamination required because the property or debris is affected by pollutants or contaminants, whether or not such removal, transport, or decontamination is required by law or regulation. It is a condition precedent to recovery under this extension that the Company shall have paid or agreed to pay for direct physical loss or damage to the property insured hereunder and that the Insured shall give written notice to the Company of intent to claim for cost of removal of debris or cost to clean up not later than 180 days after the date of such physical loss or damage. 5. Authorities Exclusion Notwithstanding any of the provisions of this Policy, the Company shall not be liable for loss, damage, 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 the Policy remain the same. Authorized Representative PR9015 (04/16) ©American International Group, Inc. Page 2 of 2 LX1093 All Rights Reserved. ENDORSEMENT #009 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY STANDARD PROPERTY CONDITIONS This endorsement modifies insurance provided by the Policy: The following provisions are hereby made part of this Policy. These provisions shall take precedence if and to the extent there is a conflict with any other policy provision(s). MINIMUM EARNED PREMIUM CLAUSE In the event of cancellation of this Policy by the Insured, a minimum premium of $55,650 shall become earned, any provision 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 on the Insured's behalf. In the event of such cancellation for non-payment of premium, the minimum earned premium shall be due and payable; provided, however, such cancellation shall be rescinded if the Insured remits and the Company receives the full policy premium within 10 days after the date of issuance of the cancellation notice. Such remittance and acceptance by the Company shall not affect the minimum earned premium provision of this endorsement. In the event of any other cancellation by the Company, the earned premium shall be computed pro -rata, not subject to the minimum earned premium. CANCELLATION CLAUSE Except and to the extent of the Minimum Earned Premium Clause which is part of this Policy, this clause supersedes other cancellation clauses made a part of this Policy. CANCELLATION: This Policy may be cancelled by the Insured by surrender thereof to the Company or by mailing to the Company written notice stating when thereafter such cancellation shall be effective. This Policy may be cancelled by the Company by mailing to the Insured, at the mailing address shown in this Policy or last known address, written notice, stating when, not less than 90 days thereafter (10 days for non-payment of premium) such cancellation shall be effective. The effectiveness of cancellation is not dependent on the return of unearned premium with the notice. Proof of mailing of notice as aforesaid shall be sufficient proof of notice. The effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery of such written notice either by the Insured or the Company shall be equivalent to mailing. If the Insured cancels, earned premium shall be computed in accordance with the customary short rate table and procedure. If the Company cancels, earned premium shall be computed pro rata. Premium adjustment shall be made as soon as practicable after cancellation becomes effective. SERVICE OF SUIT CLAUSE In the event of 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 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 PR9019 (10/19) ©American International Group, Inc. Page 1 of 3 LX1101 All Rights Reserved. the United States. It is further agreed that service of process in such suit may be made upon Counsel, Legal Department, Lexington Insurance Company, 99 High Street, Boston, Massachusetts 02110 or his or her representative, and that 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 an appeal. Further, pursuant to any statute of any state, territory, or district of the United States which makes provision therefor, the Company hereby designates the Superintendent, Commissioner or Director of Insurance, or other officer specified for that purpose in the statute, or his or her successors in office, as its 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 of insurance, and hereby designates the above named Counsel as the person to whom the said officer is authorized to mail such process or a true copy thereof. WAR RISK EXCLUSION CLAUSE The Company shall not be liable for any loss, caused directly or indirectly, by (1) hostile or warlike action in time of peace or war, whether or not declared, including action in hindering, combating or defending against an actual, impending or expected attack (a) by government or sovereign power (de jure or de facto) or by any authority maintaining or using military, naval or air forces; or (b) by military, naval or air forces; or (c) by an agent of any such government, power, authority or force (2) any weapon of war employing atomic fission or radioactive force whether in time of peace or war, whether or not its discharge was accidental; (3) insurrection, rebellion, revolution, civil war, usurped power, or action taken by government authority in hindering, combating, or defending against such an occurrence, seizure or destruction; or (4) any consequence of any of the foregoing. NUCLEAR EXCLUSION CLAUSE The Company shall not be liable for loss by nuclear reaction or nuclear radiation or radioactive contamination all whether controlled or not, and whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by the peril(s) insured against in this Policy. If the peril of fire is insured under this Policy, then, subject to the foregoing and all provisions of this Policy, direct loss by fire resulting from nuclear reaction or nuclear radiation or radioactive contamination is insured against by this Policy. This Policy does insure against loss or damage caused by sudden and accidental radioactive contamination, including resultant radiation damage, from material used or stored or from processes conducted on the Insured premises, provided that, at the time of such loss or damage, there is neither a nuclear reactor nor any new or used nuclear fuel on the Insured premises. SALVAGE AND RECOVERY CLAUSE All salvages, recoveries, and payments (other than proceeds from subrogation and underlying insurance), will accrue entirely to the benefit of the Company until the sum paid or payable by the Company is recovered or reduced as applicable. REQUIREMENTS IN CASE OF LOSS The Insured shall: 1. Give prompt written notice of any loss or damage to the Company; 2. Promptly contact the applicable authority having jurisdiction in the event a law has been broken, and promptly file a written report with such authority; PR9019 (10/19) ©American International Group, Inc. Page 2 of 3 LX1101 All Rights Reserved. 3 Protect the property from further loss or damage; 4 Separate the damaged and undamaged personal property; 5 Maintain such property in the best possible order; 6 Furnish a complete inventory of the lost, destroyed, damaged and undamaged property, showing in detail quantities, costs, actual cash value and amount of loss claimed; 7 Furnish all other documents or insurance policies that the Company may reasonably require; 8 Allow the Company to access and inspect any of the damaged or undamaged property; and 9 Submit to examination under oath at such times as may be reasonably required about any matter relating to this insurance or any claim. PROOF OF LOSS AND PAYMENT The Insured shall complete and sign a sworn proof of loss within sixty (60) days after the Company's request stating the time and origin of the loss, the interest of the Insured and of all others in the property, the value of each item thereof determined in accordance with the Valuation conditions of this Policy and the amount of loss or damage thereto and all encumbrances thereon, all other contracts of insurance, whether collectible or not, covering any of said property and any changes in the title, use, occupation, location, possession or exposures of said property subsequent to the issuance of this Policy, by whom and for what purpose any building herein described and the several parts thereof were occupied at the time of loss whether or not it then stood on leased ground. All adjusted claims shall be due and payable thirty (30) days after the presentation and acceptance of satisfactory proof (s) of loss sent to the Company at P.O. Box 25967, Shawnee Mission, Kansas, 66225. GOVERNMENT ACTIVITY CLAUSE The Company shall not be liable for any loss or damage caused directly or indirectly by the seizure, confiscation or destruction of insured property by any governmental body or public authority, including any customs or quarantine action. This exclusion shall not apply to an order or action of a governmental body or public authority to destroy insured property for the purpose of preventing the spread of fire or explosion nor to the enforcement of any law or ordinance relating to the construction or repair of damaged property as covered by DEMOLITION AND INCREASED COST OF CONSTRUCTION of this Policy. All other terms and conditions of the Policy remain the same. Authorized Representative PR9019 (10/19) ©American International Group, Inc. Page 3 of 3 LX1101 All Rights Reserved. ENDORSEMENT #010 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY PROPERTY MILLENNIUM ENDORSEMENT This endorsement modifies insurance provided by this Policy: A. The Insurer will not pay for Damage or Consequential Loss directly or indirectly caused by, consisting of, or arising from, the failure of any computer, data processing equipment, media microchip, operating systems, microprocessors (computer chip), integrated circuit or similar device, or any computer software, whether the property of the Insured or not, and whether occurring before, during or after the year 2000 that results from the inability to: 1. correctly recognize any date as its true calendar date; 2. capture, save, or retain, and/or correctly manipulate, interpret or process any data or information or command or instruction as a result of treating any date other than its true calendar date; and/or 3 capture, save, retain or correctly process any data as a result of the operation of any command which has been programmed into any computer software, being a command which causes the loss of data or the inability to capture, save, retain or correctly process such data on or after any date. B It is further understood that the Insurer will not pay for the repair or modification of any part of an electronic data processing system or its related equipment, to correct deficiencies or features of logic or operation. C It is further understood that the Insurer will not pay for Damage or Consequential Loss arising from the failure, inadequacy, or malfunction of any advice, consultation, design, evaluation, inspection, installation, maintenance, repair or supervision done by the Insured or for the Insured or by or for others to determine, rectify or test, any potential or actual failure, malfunction or inadequacy described in A. above. Such Damage or Consequential Loss described in A, B, or C above, is excluded regardless of any other cause that contributed concurrently or in any other sequence. This endorsement shall not exclude subsequent Damage or Consequential Loss, not otherwise excluded, which itself results from a Defined Peril. Defined Peril shall mean fire, lightning, explosion aircraft or vehicle impact, falling objects, windstorm, hail, tornado, hurricane, cyclone, riot, strike, civil commotion, vandalism, malicious mischief, earthquake, volcano, tsunami, freeze or weight of snow. In consequence of all the foregoing the Annual Premium remains unaltered. Y69859 (02/98) ©American International Group, Inc. Page 1 of 2 All Rights Reserved. All other terms and conditions of the Policy remain the same. Authorized Representative Y69859 (02/98) ©American International Group, Inc. Page 2 of 2 All Rights Reserved. ENDORSEMENT #011 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY COMMUNICABLE DISEASE EXCLUSION This endorsement modifies insurance provided by this Policy: Notwithstanding any other provision of this Policy to the contrary, the Company does not insure any loss, cost, damage or expense, arising out of, attributable to, or occurring concurrently or in any sequence with a communicable disease. As used herein, communicable disease means any infectious or contagious substance: 1. Including, but not limited to, a virus, bacterium, parasite or other organism or any mutation thereof, whether deemed living or not, and 2. Regardless of the method of transmission, whether direct or indirect, including, but not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between humans, animals, or from any animal to any human or from any human to any animal, that can cause or threaten damage to human health or human welfare or causes or threatens damage, deterioration, loss of value, marketability or loss of use to tangible or intangible property insured hereunder. For avoidance of doubt, no coverage extension, additional coverage, global extension, exception to any exclusion or other coverage grant shall afford any coverage that would otherwise be excluded through this exclusion. For further avoidance of doubt, loss, cost, damage or expense, includes any cost to clean-up, detoxify, remove, monitor or test: (1) for a communicable disease or (2) any tangible or intangible property insured hereunder that is affected by such communicable disease. All other terms and conditions of the Policy remain the same. LM138003 (03/20) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #012 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY HIGH HAZARD EARTHQUAKE ZONES DEFINITION ENDORSEMENT (NEW MADRID AND PACIFIC NORTHWEST) This endorsement modifies insurance provided by the Policy: New Madrid Earthquake Zone means the following counties and cities within the following states: Arkansas: Clay, Craighead, Crittenden, Cross, Greene, Jackson, Lawrence, Lee, Mississippi, Monroe, Poinsett, Prairie, Randolph, Sharp, St. Francis; Illinois: Alexander, Bond, Clinton, Franklin, Hardin, Jackson, Jefferson, Johnson, Madison, Massac, Monroe, Perry, Pope, Pulaski, Randolph, Saline, St. Clair, Union, Washington, Williamson; Indiana: Gibson, Pike, Posey, Vanderburgh, Warrick; Kentucky: Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Livingston, Marshall, McCracken; Mississippi: Bolivar, Coahoma, Desoto, Marshall, Tate, Tunica; Missouri: Bollinger, Butler, Cape Girardeau, Dunklin, Franklin, Iron, Jefferson, Madison, Mississippi, New Madrid, Pemiscot, Perry, Reynolds, Scott, Stoddard, St. Charles, St. Francois, St. Genevieve, St. Louis, Warren, Washington, Wayne and the City of St. Louis; Tennessee: Carroll, Crockett, Dyer, Fayette, Gibson, Hardeman, Haywood, Lake, Lauderdale, Madison, Obion, Shelby, Tipton, Weakley. To the extent that the New Madrid Earthquake Zone or equivalent zone otherwise defined in this Policy is broader than the counties and city listed within the states shown above, the New Madrid Earthquake Zone is deemed to include those additional geographic areas. Pacific Northwest Earthquake Zone means the following counties within the following states: Washington: Clallam, Clark, Cowlitz, Grays Harbor, Island, Jefferson, King, Kitsap, Kittitas, Lewis, Mason, Pacific, Pierce, San Juan, Skagit, Skamania, Snohomish, Thurston, Wahkiakum, and Whatcom; and Oregon: Benton, Clackamas, Clatsop, Columbia, Coos, Curry, Douglas, Jackson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Washington, and Yamhill. If this Policy's Coverage Territory includes Canada, then the Pacific Northwest Earthquake Zone (or equivalent zone) includes: The Province of British Columbia, Canada. LM 137987 (03/20) ©American International Group, Inc. Page 1 of 2 All Rights Reserved. To the extent that the Pacific Northwest Earthquake Zone or equivalent zone otherwise defined in this Policy is broader than the counties and province listed within the states as shown above, the Pacific Northwest Earthquake Zone is deemed to include those additional geographic areas. All other terms and conditions of the Policy remain the same. Authorized Representative LM 1379$7 (03/20) ©American International Group, Inc. Page 2 of 2 All Rights Reserved. ENDORSEMENT #013 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY AIR SUPPORTED STRUCTURES EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: The following property is added to the Property Excluded section, Property Not Covered section or similar section of the Policy: • Air Supported Structures. As used in this endorsement, Air Supported Structures means structures composed of air - pressurized membrane beams, arches or other elements to enclose space and where the shape of the structure is attained by air pressure. All other terms and conditions of the Policy remain the same. Authorized Representative LM 138023 (06/20) ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #014 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY GRAIN ELEVATOR EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: The following property is added to the Property Excluded section, Property Not Covered section or similar section of the Policy: • Grain Elevators As used in this endorsement, Grain Elevator(s) means the entire grain elevator complex, including receiving and testing offices, weighbridge, storage facilities, and processing facilities, and further includes any facility, silo, tower or elevator designed to stockpile, store, process, deposit or move g rain All other terms and conditions of the Policy remain the same. LM 138024 (06/20) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #015 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY (1) DAMS, DIKES AND LEVEES AND (2) FILL BENEATH ANY BUILDINGS OR STRUCTURES EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by the Policy: The following property is added to the Property Excluded section, Property Not Covered section or similar section of the Policy: • Dams, dikes, levees, aqueducts and other surface containments. • Fill beneath any buildings or structures. All other terms and conditions of the Policy remain the same. LM138025 (06/20) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #016 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY PROPERTY CYBER AND DATA ENDORSEMENT This endorsement modifies insurance provided by the Policy: 1. Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2. Subject to all the terms, conditions, limitations and exclusions of this Policy or any e ndorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3. Subject to all the terms, conditions, limitations and exclusions of this Policy or any e ndorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy e xcludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4. In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5. This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6. Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. LMA 5400 (11 November 2019) ©American International Group, Inc. Page 1 of 2 All Rights Reserved 7. Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8. Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9. Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10. Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11. Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. All other terms and conditions of the Policy remain the same. The above wording beginning with the words, "Notwithstanding any provision. . ." and ending with the words, ". . . not the Data itself[.]" is identical to the wording and is the entire substantive language of LMA5400, 11 November 2019. Authorized Representative LMA 5400 (11 November 2019) ©American International Group, Inc. Page 2 of 2 All Rights Reserved ENDORSEMENT #017 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY JOINT LOSS AGREEMENT ENDORSEMENT (BOILER & MACHINERY) This endorsement modifies insurance provided by the Policy: In the event of direct physical loss or damage to Insured Property at an Insured Location that is also a location for which coverage is provided under an Equipment Breakdown or Boiler & Machinery Insurance policy (hereinafter referred to as Boiler & Machinery Insurance Policy) and there is a disagreement between the Insurers with respect to: 1. Whether such loss or damage was caused by a peril insured against by this Policy or by an accident insured by such Boiler & Machinery Insurance Policy; or 2. The extent of participation of this Policy and of such Boiler & Machinery Insurance Policy in a loss which is insured against, partially or wholly, by any one or all of said policies; The Company shall, upon written request of the Named Insured, pay to the Named Insured one- half of the amount of the loss which is in disagreement, but in no event more than the Company would have paid if there had not been both insurance policies in effect, subject to the following conditions: 1. The amount of the loss which is in disagreement, after making provisions for any undisputed claims payable under the said policies and after the total amount of the loss is agreed upon by the Named Insured and Insurers, is limited to the minimum amount remaining payable under either this Policy or the Boiler & Machinery Insurance Policy; 2. The Boiler & Machinery insurance company shall simultaneously pay to the Named Insured one-half of said amount which is in dispute; 3. The payments by the Insurers hereunder and acceptance of the same by the Named Insured signify the agreement of the Insurers to submit to and proceed with arbitration within 90 days of such payments; 4. The arbitrators shall be three in number, one of whom shall be appointed by the Boiler & Machinery insurer and one of whom shall be appointed by this Company and the third appointed by consent of the other two. If they cannot agree, either may request that the selection be made by a judge of a court having jurisdiction. The arbitrators will determine the amount of loss or damage payable by each Insurer. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two of the three arbitrators shall be final and binding on the Insurers. Judgment upon such award may be entered in any court of competent jurisdiction; 5 Each party will pay its chosen arbitrator and bear the other expenses of the arbitration and umpire equally; 6 The Named Insured agrees to cooperate in connection with such arbitration but not to LM 137993 (03/20) ©American International Group, Inc. Page 1 of 2 All Rights Reserved. intervene therein; and 7 The provisions of this Endorsement shall not apply unless such other policy issued by the Boiler & Machinery insurance company contains a provision, by endorsement or otherwise, substantially similar to this endorsement. All other terms and conditions of the Policy remain the same. Authorized Representative LM 137993 (03/20) ©American International Group, Inc. Page 2 of 2 All Rights Reserved. ENDORSEMENT #018 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY EXTORTION AND RANSOMWARE EVENT EXCLUSION This endorsement modifies insurance provided by this Policy: Notwithstanding any other provision of this Policy to the contrary: I. The Company does not insure any loss, cost, damage, expense or payment, directly or indirectly, arising out of, or attributable to: 1. Extortion; or 2. A ransomware event or any remediation of any ransomware event; including any loss, cost, damage or expense to repair, replace or restore any computer system or data of any kind or description, including loss of functionality, reduction in functionality or loss of use of any computer system or data. II. The following definitions apply to this endorsement: 1. Computer system means any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility. 2. Extortion means the demand or request for: a. Anything of value of any kind or description, including anything of monetary value or that can be converted into a tangible or intangible asset, or b. Any act, forbearance or promise to do something or refrain from doing something, in connection with: (i) any loss or damage to property (ii) loss, damage or release of data of any kind or description or (iii) any interruption of operations, including any interruption of the operations of any computer system of any kind or description; through any means or method, including a ransomware event, or any fear of or threat to cause such loss, damage, release or interruption. 3. Ransomware event means use of unauthorized or malicious software code to encrypt data or interrupt the operations of any computer system of any kind or description for the purpose of extortion. For avoidance of doubt, no coverage extension, additional coverage, global extension, exception to any exclusion or other coverage grant shall afford any coverage that would otherwise be excluded through this exclusion. All other terms and conditions of the Policy remain the same. LM138120 (09/22) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #019 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY (1) DIGITAL ASSETS AND (2) OPERATIONS WITH RESPECT TO DIGITAL ASSETS EXCLUSIONARY ENDORSEMENT This endorsement modifies insurance provided by this Policy: Notwithstanding any other provision of this Policy to the contrary, the following provisions apply: I. The following is added to the Perils Excluded, Perils Not Covered or other similar section of this Policy: The Company does not insure for any loss, cost, damage, expense or loss of use arising out of or caused directly or indirectly by the mining, acquiring, processing, transmitting, converting, exchanging, transacting, moving, holding, creating, destroying, deleting and/or other similar operations with respect to digital assets (hereinafter, collectively operations) regardless of the methodology or equipment used to accomplish such operations. Such loss, cost, damage, expense or loss of use is excluded regardless of any other cause or event contributing concurrently or in any sequence to such loss, cost, damage, expense or loss of use. II. The following is added to the Property Not Covered, Property Excluded, Excluded Property or other similar section of this Policy: • Digital asset(s) III. The following is added to the Definition Section or similar section of the Policy: • Digital asset(s) means cryptocurrency, virtual currency, crypto asset(s), smart contract(s), non -fungible token(s), other token(s) or any other similar term that is a digital representation of value designed to work as a medium of exchange, unit of account, or store of value that uses cryptography to secure financial transactions, control the creation of additional units, and/or verify the transfer of assets. Digital asset(s) also means any counterfeit or fictitious digital representation of value designed to work as a medium of exchange, unit of account, or store of value. To the extent that there is any other term, grant of coverage or exception to an exclusion that could include or be construed to cover digital assets or operations, such term, grant of coverage or exception to an exclusion shall not be construed to provide any coverage for digital assets or operations. All other terms and conditions of the Policy remain the same. LM138116 (06/22) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #020 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY OCCURRENCE DEFINITION AND APPLICATION OF LIMITS OF LIABILITY ENDORSEMENT This endorsement modifies insurance provided by the Policy: Notwithstanding any other provision of this Policy to the contrary: I. The Policy's limit of insurance, limit of liability or policy limit as shown on the Declarations or elsewhere in this Policy is the maximum amount payable as a result of all covered loss or damage under this Policy in any one occurrence (as defined below) regardless of the number of locations covered under this Policy, coverages, or perils or events for which coverage is provided under this Policy (hereinafter, this concept shall be referred to as the policy limit). Notwithstanding any other terms and conditions of this Policy to the contrary, in no event shall the liability of the Company exceed this policy limit or its quota share participation in such policy limit. II. The term occurrence means any one accident, loss, disaster, casualty, incident or series of accidents, losses, disasters, casualties or incidents, including all resultant or concomitant insured losses, not otherwise excluded by this Policy and with respect to: A. Terrorism (to the extent terrorism is covered), arises out of the same or related purpose or cause; or B. Covered perils other than terrorism, arises out of a single event or originating cause. The occurrence must commence during the policy period or policy term as shown on the Declarations or elsewhere in this Policy (hereinafter, the policy period) . When the term applies to loss or losses from the perils of tornado, cyclone, hurricane, windstorm, hail, flood, earthquake, volcanic eruption, riot, riot attending a strike, civil commotion, vandalism and malicious mischief, or terrorism, to the extent any such peril(s) are covered, all losses arising from such peril(s) occurring during a continuous period of 72 hours shall be deemed to be a single occurrence. The Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than the time when the first insured loss or damage under this Policy occurs, but no two such 72 hour periods shall overlap. If the occurrence commences during the policy period, then the Company shall treat the entire occurrence as occurring during the policy period. All other terms and conditions of the Policy remain the same. LM 138126 (12/22) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #021 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY MAXIMUM AMOUNT PAYABLE ENDORSEMENT This endorsement modifies insurance provided by the Policy: Notwithstanding any other provision of this Policy to the contrary, in the event of covered loss or damage hereunder, liability of the Company shall be limited to the lesser of the following: 1. The actual adjusted amount of covered loss or damage, less applicable deductible(s), or 2. The limit of liability or applicable sublimit(s) of liability as shown on the Declarations or elsewhere in this Policy. All other terms and conditions of the Policy remain the same. Authorized Representative LM 138133 (12/22) ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #022 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOLOGICAL EXCLUSION WITH RADIOACTIVE CONTAMINATION COVERAGE ENDORSEMENT This endorsement modifies insurance provided by the Policy: SCHEDULE Radioactive Contamination Sublimit: $NOT COVERED per Occurrence Notwithstanding any other provision of this Policy to the contrary the following applies: I. The following deletes and replaces any other exclusion that relates to the same or similar exclusion found in the Policy, whether in the Perils Excluded section, Perils Not Covered section, Excluded Perils section or other similar section of this Policy: The Company does not insure for loss or damage caused directly or indirectly by any of the following perils or events. Such loss or damage is excluded regardless of any other cause or event contributing concurrently or in any sequence to the loss or damage: • Nuclear reaction or nuclear radiation or radioactive contamination from any cause, all whether direct or indirect, controlled or uncontrolled, proximate or remote, or is contributed to or aggravated by any other peril or event. However, if fire not otherwise excluded ensues, the Company shall be liable for direct physical loss or damage by such ensuing fire, but not including any loss or damage due to nuclear reaction, nuclear radiation or radioactive contamination. • Any device employing atomic fission, fusion or radioactive force, or any device that disperses radioactive material or a directed -energy or electromagnetic weapon. • Unlawful possession, use, release, discharge, detonation, explosion, dispersal or disposal of any chemical, biological, radioactive or similar agents or matter. As used herein, biological means agents or matter including all microorganisms, fungus, mold, spores, bacteria, viruses, rickettsia, prions, nucleic acids, toxins, toxin -producing agents, and poisons produced by biological organisms. • Any fraudulent or dishonest act or acts committed alone or in collusion with others: by any proprietor, partner, director, trustee, officer or employee of the Insured, or by any party to whom the property may have been entrusted (other than a carrier for hire) . However, a willful act of destruction to property insured under this Policy by an employee of the Insured, not otherwise excluded, and without the knowledge of any of the Insured's proprietors, partners, directors, trustees or officers is covered. These exclusions apply whether in time of peace or war, regardless of who commits the act, and whether or not the event was accidental. LM138112 (03/23) ©American International Group, Inc. Page 1 of 2 All Rights Reserved. For avoidance of doubt, even if coverage is affirmatively provided for terrorism (as defined in this Policy) or required by law, the Company will not pay for any loss, cost, damage or expense, arising out of or occurring concurrently or in any sequence with the perils or events above regardless of any exception contained therein. II. The following Additional Coverage, Coverage Extension or other similar term is added to the Policy: • Radioactive Contamination Additional Coverage: Subject to the Radioactive Contamination sublimit of liability shown in the above Schedule, this Policy is extended to cover direct physical loss or damage to property insured under this Policy caused by accidental radioactive contamination, including resultant radiation damage, all as not otherwise excluded, that is discovered within twenty-four (24) hours of its Occurrence, provided that such radioactive contamination, including resultant radiation damage, arises out of radioactive material at a Location insured under this Policy and such material is used as part of the Insured's business activities. This Additional Coverage includes the cost to clean-up radioactive contamination, including resultant radiation damage, from property insured under this Policy at a Location insured under this Policy, resulting from such loss or damage, but does not include testing or monitoring for radioactive contamination, including resultant radiation damage. There will be no coverage unless the loss, damage or cost is reported to the Company within one hundred eighty (180) days after the Occurrence. As used herein, accidental means that the event is not intentional, regardless of whether such event is committed by an individual or group of individuals or whether any such individual(s) would be deemed to be an Insured under this Policy. The Company does not cover radioactive contamination, including resultant radiation damage, arising out of: 1. A nuclear reactor at any Location insured under this Policy, 2. Any new or used nuclear fuel intended for or used in such nuclear reactor, or 3. Radioactive material originating outside any Location insured under this Policy, whether or not the loss or damage is sustained at any Location insured under this Policy. All other terms and conditions of the Policy remain the same. Authorized Representative LM138112 (03/23) ©American International Group, Inc. Page 2 of 2 All Rights Reserved. ENDORSEMENT #023 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY CONFISCATION, EXPROPRIATION AND NATIONALIZATION EXCLUSION ENDORSEMENT This endorsement modifies insurance provided by this Policy: Notwithstanding any other provision of this Policy to the contrary, the Company does not insure any loss, cost, damage or expense, arising out of, attributable to, caused directly or indirectly by or occurring concurrently or in any sequence with confiscation, expropriation, nationalization, seizure, appropriation, commandeering, requisition for use or title, or willful destruction of or damage to property, by any de jure or de facto: government, sovereign power, civil authority or military authority, including any action taken under any quarantine or customs regulations. All other terms and conditions of the Policy remain the same. LM138139 (03/23) Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #024 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY CANCELLATION AMENDATORY ENDORSEMENT This endorsement modifies insurance provided by the Policy: Paragraph A.2. of Section IV. CONDITIONS of the PROPERTY FOLLOW FORM EXCESS POLICY is deleted in its entirety and is replaced with the following: 2. This Policy may be canceled by the Company by giving to the Insured at least ninety (90) days written notice of cancellation or in the case of non-payment of premium, at least ten (10) days' written notice of cancellation. All other terms and conditions of the Policy remain the same. MANUSCRIPT Authorized Representative ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #025 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY SHARED COVERAGE This endorsement modifies insurance provided by the Policy: The following provision is added at the end of the Policy's Named Insured Endorsement (currently Endorsement B) : All coverage under this Policy is provided on a shared basis unless a specific per entity or per member amount is listed in the Policy. In the event of a single Occurrence that causes direct physical loss or damage to property of more than one individual Named Insured, it is possible that the applicable shared limit of liability or shared sublimit(s) of liability (whether per Occurrence or an Annual Aggregate basis), will be insufficient to fully indemnify the loss or damage as sustained by multiple individual Named Insureds. If the applicable limit of liability or sublimit is insufficient, the amount recoverable by each individual Named Insured will be prorated among all loss participants as determined by County Technical Services, Inc. As a result, a delay in the reporting of claims by any individual Named Insured could reduce or eliminate such individual Named Insured's recovery under this Policy. All other terms and conditions of the Policy remain the same. Authorized Representative MANUSCRIPT ©American International Group, Inc. Page 1 of 1 All Rights Reserved. ENDORSEMENT #026 This endorsement, effective 12:01 AM, 01/01/2024 Forms a part of Policy No.: 006893563 Issued to: COLORADO COUNTIES, INC. By: LEXINGTON INSURANCE COMPANY GENERAL CHANGE ENDORSEMENT This endorsement modifies insurance provided by the Policy: I. The sublimit in III.Y. of the Insuring Agreement is deleted in its entirety and is replaced with the following: Y. $1,000,000 Errors and Omissions II. The following first paragraph is added to the Definitions/Provisions Section: The definitions and provisions are subject to the terms and conditions of this Policy, including but not limited to, the sublimits corresponding to each such provision and any other applicable sublimits or Deductibles shown elsewhere in this Policy. The sublimits corresponding to each such provision are the maximum amount the Company will pay for all loss or damage arising out of such specified additional coverages. Such sublimits are part of, and not in addition to the Policy Limit. III. The following definitions and provisions are added to the Definitions/Provisions Section: • INSURED LOCATION(S): a. The location(s) within the TERRITORY described in the most recent Statement of Values on file with the Company, Unnamed Locations and locations as covered by the ERRORS AND OMISSIONS provision and NEWLY ACQUIRED PROPERTY provisions; b. Unless otherwise set forth in the Statement of Values, each such Insured Location(s) shall be comprised of any building, yard, dock, wharf, pier or bulkhead or any group of the foregoing bounded on all sides by public streets, clear land space or open waterways, each not less than fifty (50) feet wide. Any bridge or tunnel crossing such street, space or waterway shall render such separation inoperative for the purpose of this definition. • EXPEDITING EXPENSE: This Policy is extended to cover the reasonable and necessary expediting expense(s) to: 1. Make temporary repairs to Insured Property; or 2. Expedite the permanent repair or replacement of Insured Property; that has sustained direct physical loss or damage by a covered loss. • FINE ARTS: This Policy is extended to cover direct physical loss or damage to Fine Arts by a covered loss at an Insured Location. However, no coverage is provided for breakage unless such breakage is caused by a Defined Peril. The Company shall not be liable for loss or damage resulting from restoring, repairing or retouching Fine Arts. Fine Arts means paintings, etchings, pictures, tapestries, rare or art glass, art glass windows, MANUSCRIPT ©American International Group, Inc. Page 1 of 5 All Rights Reserved. valuable rugs, statuary, sculptures, antique furniture, antique jewelry, bric-a-brac, porcelains and similar property of rarity, historical value, or artistic merit, excluding automobiles, coins, stamps, furs, jewelry, precious stones, precious metals, watercraft, aircraft, money and securities. Fine Arts does not include any item which would qualify as Valuable Papers. • FIRE FIGHTING MATERIALS: This Policy covers the following expenses resulting from a covered loss at an Insured Location: a. Fire brigade charges and extinguishing expenses which the Insured incurs; b. Loss and disposal of fire extinguishing materials expended. There is no coverage for any costs incurred as a result of a false alarm. • INGRESS/EGRESS 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. • LOSS ADJUSTMENT EXPENSES/PROFESSIONAL SERVICES: This Policy is extended to include reasonable and necessary expenses incurred by the Insured for preparing and certifying particulars or details of the Insured's claim required by the Company for which the Company has accepted liability in order to determine the amount of a covered loss payable under this Policy. This Policy is also extended to include reasonable and necessary fees charged by any independent property manager for handling the claim. There shall be no coverage under this Policy for expenses incurred by the Insured in utilizing the services of attorneys, public adjusters, insurance agents or brokers, or any of their subsidiary, related or associated entities, except that coverage is provided for expenses incurred by the Insured for its broker's forensic accounting units. This Policy also excludes any fees or costs for consultation on coverage or negotiation of claims. • SERVICE INTERRUPTION: This Policy is extended to cover physical loss or damage to Insured Property and actual loss of income and Extra Expense sustained by the Insured arising from an interruption in: (1) incoming electricity, gas, water, steam or refrigeration; (2) the Insured's data, voice or video service; or (3) outgoing sewerage, caused by a covered loss to a service provider's property of the type insured under this Policy or to transmission, distribution or communication lines, situated outside the Insured Location. There shall be no loss payable under this provision unless the interruption exceeds a 24 MANUSCRIPT ©American International Group, Inc. Page 2 of 5 All Rights Reserved. consecutive hour period, hereinafter referred to as the Qualifying Period. If the loss exceeds the Qualifying Period then loss shall be measured from date and time of the interruption of service. However, such Qualifying Period does not apply if there is physical loss or damage to Insured Property caused by the interruption. The service interruption ends when: (1) incoming electricity, gas, fuel, steam, water or refrigeration; (2) the Insured's data, voice or video service; or (3) outgoing sewerage service; is restored. This period of time shall not be cut short by the end of the policy period. Notwithstanding the foregoing, the Company will not pay for any interruption intentionally caused by the Insured or any service provider. • UNNAMED LOCATION: Subject to the sublimit shown in Section III. of the Insuring Agreement, this Policy covers Real and Personal Property and related Business Interruption loss that occurs at Unnamed Locations owned by the Insured or for which the Insured is legally responsible. Unnamed Location means a location not included in the Schedule and/or on a separate schedule or Statement of Values on file with Underwriters and located within the TERRITORY. There is no coverage under this provision for any location which is covered under any other provision including but not limited to the Errors and Omissions extension. • DEFINED PERIL: The term "Defined Peril" means fire; lightning; explosion; Windstorm or Hail; Smoke; Aircraft or Vehicle Impact; Riot, Strike or Civil Commotion; Vandalism and Malicious Mischief; Collapse or Leakage from Fire Protection Equipment. • WINDSTORM OR HAIL: The term "Windstorm or Hail" means the direct action of wind or the direct action of Hail, whether accompanied by wind or not. However, Windstorm or Hail does not mean: i. Loss or damage caused by or resulting from frost or cold weather, ice (other than Hail), snow or sleet, whether driven by wind or not; ii. Loss or damage to the interior of any building or structure, or the property inside the building or structure, caused by rain, snow, sand, or dust, whether driven by wind or not, unless the building or structure first sustains wind or Hail damage to its roof or walls through which the rain, snow, sand or dust enters; or iii. Loss or damage caused when the weight of snow, rainwater, ice or sleet is a contributing factor to the fall or Collapse of a building or structure or any part thereof, whether driven by wind or not. • HAIL: The term "Hail" means precipitation consisting of concentric layers of clear ice or compact snow. • COLLAPSE: The term "Collapse" means an abrupt falling down or caving in of a building or any part of a building or structure. • SMOKE: The term "Smoke" means loss or damage ensuing from a sudden and accidental release of smoke. The peril of Smoke does not include loss or damage caused by smoke from agricultural smudging or industrial operations. • AIRCRAFT OR VEHICLE IMPACT: The term "Aircraft or Vehicle Impact" means physical contact of an aircraft including a drone, spacecraft, self-propelled missile or objects falling therefrom, or of a vehicle or an object thrown up by a vehicle. • RIOT, STRIKE OR CIVIL COMMOTION: The term "Riot, Strike or Civil Commotion" means riot or civil commotion including, but not limited to: MANUSCRIPT ©American International Group, Inc. Page 3 of 5 All Rights Reserved. a. Acts of striking employees while occupying an Insured Location; and b. Pilferage or looting occurring at the time and place of a riot or civil commotion. • VANDALISM AND MALICIOUS MISCHIEF: The term "Vandalism and Malicious Mischief" means willful and malicious damage to, or destruction of, Insured Property. Vandalism and Malicious Mischief does not include loss or damage caused by or resulting from theft, except for real property loss or damage caused by the breaking or exiting of burglars. • LEAKAGE FROM FIRE PROTECTION EQUIPMENT/LEAKAGE FROM FIRE PROTECTIVE EQUIPMENT: The terms "Leakage from Fire Protection Equipment" and "Leakage from Fire Protective Equipment" both mean direct physical loss or damage from: a. Water or other substances discharged from within any part of the Fire Protection Equipment or Fire Protective Equipment for the Insured Location or for any adjoining locations; and/or b. Collapse or fall of tanks forming a part of the Fire Protection Equipment, Fire Protective Equipment or the component parts or supports of such tanks. The term Fire Protection Equipment is synonymous with the term Fire Protective Equipment and includes tanks, water mains, hydrants or valves, and any other equipment whether used solely for fire protection or jointly for fire protection and for other purposes, but does not include: a. Branch piping from a joint system where such branches are used entirely for purposes other than fire protection; b. Any underground water mains or appurtenances located outside of the Insured Location and forming a part of the public water distribution system; or c. Any pond or reservoir in which the water is impounded by a dam. • ELECTRONIC DATA AND MEDIA: The term "Electronic Data and Media" consists of: a. Electronic Data, meaning data, messages, information, coding, programs, instructions or software stored in a form suitable for communications, storage or processing by electronic, e lectromechanical, electromagnetic data processing or electronically controlled production e quipment; and b. Media, meaning the electronic storage media upon which Electronic Data is stored. Electronic Data and Media does not include Valuable Papers. • CONTRACTOR'S EQUIPMENT: The term "Contractor's Equipment" means equipment owned, leased or operated by contractors and/or subcontractors for new construction, additions, alterations or repairs at an Insured Location to the extent of the Insured's legal liability for direct physical loss or damage to such property. III. The VALUABLE PAPERS Definition/Provision is deleted in its entirety from the Definitions/Provisions Section and is replaced with the following: VALUABLE PAPERS: This Policy is extended to cover direct physical loss or damage to Valuable Papers by a covered loss. Valuable Papers means documents that are written, printed or otherwise inscribed. These include: MANUSCRIPT ©American International Group, Inc. Page 4 of 5 All Rights Reserved. a. Books, manuscripts, abstracts, maps and drawings; film and other photographically produced records, such as slides and microfilm; b. Legal and financial agreements such as deeds and mortgages; c. Addressograph plates; and d. Any data stored on printouts or punched cards. Valuable Papers does not include money and securities, Fine Arts or Electronic Data and Media. IV. The following items are added to the Excluded Perils Section: • General Liability, casualty, and all other indirect, remote, or consequential loss or damage. • Errors in design, installation, and/or construction. • Any ensuing loss or damage to property not covered or away from the Insured Location, notwithstanding any other provision herein. • Equipment Breakdown V. The following items are added to the Excluded Property Section: • The Insured's materials, equipment, machinery and supplies designated for use in construction or installation projects at locations other than Insured Locations when such materials, equipment, machinery and supplies are away from the Insured Location. VI. Subsection 1 .A. NEWLY ACQUIRED PROPERTY of the Conditions Section is deleted in its entirety and is replaced with the following: A. NEWLY ACQUIRED PROPERTY: This Policy covers direct physical loss or damage by a covered loss to real and personal property of the type insured under this Policy that is rented, leased, purchased or acquired by the Insured after the inception date of this Policy and within the Territory. Coverage under this extension ceases at the earliest of the following dates: 1. Ninety (90) days from the date of rental, lease, purchase or acquisition of such property; 2. When such newly acquired property is bound by the Company; 3. The Company notifies the Insured that it will not bind the coverage for such property; or 4. When this Policy is cancelled or expires. There is no coverage under this subparagraph for loss or damage which is covered under the ERRORS AND OMISSIONS or UNNAMED LOCATIONS provisions. VII. The following clause is added to REPORTING REQUIREMENTS in the Conditions Section: • Any counties to be added during the policy period must be reported to Lexington and approved before coverage can be considered bound. All other terms and conditions of the Policy remain the same. MANUSCRIPT Authorized Representative ©American International Group, Inc. All Rights Reserved. Page 5 of 5 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY Policy No. 78 -A3 -XP -0000961-01 555 College Road East, Princeton, New Jersey 08543-5241 Phone: (800) 305-4954 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." This policy is a claims -made policy which provides liability coverage only if a claim is made during the policy period or any applicable extended reporting period. Commercial Excess Property Policy DECLARATIONS Renewal of Number: 78 -A3 -XP -0000961-00 Item 1. Named Insured and Mailing Address: Colorado Counties Casualty & Property Pool c/o County Technical Services, Inc. 800 Grant Street, Suite 400 Denver, CO 80203 Named Insured is: ❑ Individual, ❑ Policy Issue Date: 07/18/2024 Producer No.: B00497 Originating Producer's Name and Mailing Address: CRC Insurance Services, Inc. One Metroplex Drive, Suite 400 Birmingham, AL 35209 Licensed Surplus Lines Producer: Same as above License No. 183767 Partnership, ❑ Corporation, ❑ Joint Venture, Other Casualty & Property Pool Item 2. Policy Period: From: 01/01/2024 to 01/01/2025 at 12:01 A.M. Standard Time at location of the insured property Item 3. Premium: $172,875 Item 4. Limits of Insurance: Terrorism Premium (Certified Acts): $ N/A 1. $3,750,000 per occurrence or 15% part of $25,000,000 per occurrence excess of $25,000,000 per occurrence, subject to policy deductibles and sublimits 2. $7,500,000 per occurrence or 15% part of $50,000,000 per occurrence excess of $50,000,000 per occurrence, subject to policy deductibles and sublimits Item 5. Forms and Endorsements: See Schedule of Forms and Endorsements Authorization: In Witness Whereof, the Company issuing this policy has caused this policy to be signed by its authorized officers. Date: The Princeton Excess and Surplus Lines Insurance Company Hereinafter Referred To As The Company Ignacio Rivera Assistant Deputy General Counsel and Assistant Secretary Catherine B. Smith President Licensed Producer Signature, if required by law IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, INSURANCE IS PROVIDED TO THE ABOVE NAMED INSURED BY THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY. THESE DECLARATIONS, TOGETHER WITH THE ATTACHED FORMS AND ENDORSEMENTS, AND ANY FORMS AND ENDORSEMENTS THAT MAY LATER BE ATTACHED TO REFLECT CHANGES, MAKE UP AND COMPLETE THE ABOVE NUMBERED POLICY. Declarations/Schedule of Forms and Endorsements Page 1 of 2 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY Schedule of Forms and Endorsements COMMERCIAL EXCESS PROPERTY POLICY 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 -$5,186.25 Effective date of this Schedule: 01/01/2024 Issue date: 07/18/2024 Issued To: Colorado Counties Casualty & Property Pool Attached to and forming part of Policy No.: 78 -A3 -XP -0000961-01 The following is a schedule of Forms and Endorsements issued with the policy at inception: Form ID Number: ENDORSEMENT NO. 1 ENDORSEMENT NO. 2 ENDORSEMENT NO. 3 ENDORSEMENT NO. 4 ENDORSEMENT NO. 5 ENDORSEMENT NO. 6 ENDORSEMENT NO. 7 ENDORSEMENT NO. 8 ENDORSEMENT NO. 9 ENDORSEMENT NO. 10 ENDORSEMENT NO. 11 ENDORSEMENT NO. 12 ENDORSEMENT NO. 13 ENDORSEMENT NO. 14 ENDORSEMENT NO. 15 ENDORSEMENT NO. 16 ENDORSEMENT NO. 17 ENDORSEMENT NO. 18 ENDORSEMENT NO. 19 ENDORSEMENT NO. 20 ENDORSEMENT NO. 21 Form Name: DECLARATIONS COMMERCIAL PROPERTY EXCESS FOLLOW FORM POLICY- FX PR 1300 05 22 ATTACHMENT POINT ENDORSEMENT- FX PR 1607 02 22 FOLLOWED POLICY ATTACHMENT ENDORSEMENT- VL PR 1605 02 22 CHEMICAL, BIOLOGICAL, NUCLEAR AND RADIOACTIVE EXPLOSION, POLLUTION OR CONTAMINATION EXCLUSION CLAUSE MOLD/FUNGAL PATHOGENS EXCLUSION ELECTRONIC DATA ENDORSEMENT B WEH ASBESTOS ENDORSEMENT (1994) WAR AND MILITARY ACTION EXCLUSION DIFFERENCE OF CONDITIONS GENERAL CHANGE ENDORSEMENT NON -ADMITTED INSURANCE SERVICE OF PROCESS ENDORSEMENT- SLSOP 10/14 VIOLATION OF ECONOMIC OR TRADE SANCTIONS- VL ES 21 01 03 22 COMMUNICABLE DISEASE ENDORSEMENT- LMA 5393 Amended LAW AND JURISDICTION CLAUSE APPLICATION OF SUBLIMITS- LMA 5130 SEEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION- NMA 2342 ROOF VALUATION AND COSMETIC DAMAGE EXCLUSION ENDORSEMENT WAR AND TERRORISM EXCLUSION ENDORSEMENT (Insurance)- NMA2918 Unamended DIRECT PHYSICAL DAMAGE PROVISION CLAUSE TERRORIST ACTIVITY EXCLUSION (WITH SFP EXCEPTION)- PTERR 02 01/08 AMENDATORY ENDORSEMENT - POLICY CHANGES POLICYHOLDER NOTICES: U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC") ADVISORY NOTICE TO POLICYHOLDERS- IL P 001 01 04 CLAIMS NOTIFICATION Declarations/Schedule of Forms and Endorsements Page 2of2 COMMERCIAL PROPERTY EXCESS FOLLOW FORM POLICY THESE COMMON POLICY CONDITIONS, TOGETHER WITH THE DECLARATIONS PAGE(S), COVERAGE FORM(S) AND ANY ENDORSEMENT(S) COMPLETE THE POLICY. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THE POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. Throughout this Policy, the words "you" and "your" or "insured" refer to the Named Insured shown In the Declarations, and any other person or organization qualifying as a Named Insured pursuant to the terms of the Followed Policy. The words "we", "us" and "our" refer to the Company providing this insurance as shown in the Declarations. INSURING AGREEMENT Subject to the limitations, terms and conditions contained in this Policy or added hereto and the Followed Policy, the Company agrees to indemnify the Insured named in the Declarations of this Policy in respect of: a) our participation and share as described in the Declarations of this Policy; and b) while located or contained in property(ies) as described in the Declarations of this Policy and/or the Followed Policy; and c) occurring during the period stated in Declarations of this Policy; and d) caused by any covered perils as are set forth in the Followed Policy. This insurance is subject to the same terms, conditions, agreements, exclusions, property and perils covered and definitions as the Followed Policy except as otherwise provided in this Excess Follow Form Policy or any Endorsements listed in the Declarations of this Policy. However, in no event will this insurance apply unless the Followed Policy applies or would apply. We will follow the terms, conditions, agreements, exclusions, property and perils covered and definitions of this Followed Policy only as they exist as of the inception date of our Excess Follow Form Policy. Any endorsements or other changes to the terms, conditions, agreements, exclusions, property and perils covered and definitions of the Followed Policy after the inception of this Excess Follow Form Policy must be agreed to by us, in writing (although not necessarily by endorsement to this Excess Follow Form Policy). Once agreed to in writing, we will follow the amended terms as if they were part of the Followed Policy as of the date we agree to the endorsement or other change. LIMIT Liability attaches to the Company only after all Underlying Insurance shown in the Followed Policy Attachment Point Endorsement have paid or have admitted liability for the full amount of their respective Ultimate Net Loss liability. The limits of the Company's liability then shall be those set forth in the Declarations, Limits of Insurance. The Company shall be liable to pay the Ultimate Net Loss in excess of all Underlying insurance, up to the full amount of such Limits of Insurance. NOTIFICATION OF CLAIMS: The insured, upon knowledge of any occurrence likely to give rise to a claim hereunder, shall give written notice thereof as soon as reasonably possible, but no later than 60 days after the occurrence is known to the insured, to the Company, or the Company's representative, if an alternative claims contact is provided to the insured. DEFINITIONS The bold face terms appearing in this Policy have the meanings as set forth below: A. Followed Policy is the policy designated as the Followed Policy in the Followed Policy Attachment Endorsement. This is the policy that will govern terms, conditions, agreements, exclusions and definitions under this Excess Follow Form Policy, unless more specifically provided FX PR 1300 05 22 Page 1 of 2 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. for in this Excess Follow Form Policy. Followed Policy shall also include those terms or conditions of any other policy that are incorporated by reference within the Followed Policy. Ultimate Net Loss shall mean the loss sustained by the insured as a result of the happening of the perils covered by this Policy after making deductions for all salvages or recoveries that have been paid or will be collected. FX PR 1300 05 22 Page 2 of 2 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 1 ATTACHMENT POINT ENDORSEMENT This endorsement modifies insurance provided under: COMMERCIAL PROPERTY EXCESS FOLLOW FORM POLICY This Policy attaches to the Followed Policy at the following attachment point: Attachment Point Layer 1: Attachment Point Layer 2: $25,000,000 $50,000,000 All other terms and conditions remain unchanged. FX PR 1607 02 22 ENDORSEMENT NO. 1 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. Page 1 of1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 2 FOLLOWED POLICY ATTACHMENT ENDORSEMENT This endorsement modifies insurance provided under: COMMERCIAL PROPERTY EXCESS FOLLOW FORM POLICY COMMERCIAL PROPERTY PRIMARY FOLLOW FORM POLICY This Policy is subject to the following: Followed Policy Schedule Company Policy Lloyds & Companies. PW0330024 The insurance policy identified in the Followed Policy Schedule above shall be deemed the Followed Policy and is attached and made part of this policy. VL PR 1605 02 22 ENDORSEMENT NO. 2 Copyright, 2022, Munich Reinsurance America, Inc. All rights reserved. Includes copyrighted material of the Insurance Services Offices, Inc., with its permission. Page 1 oft THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 3 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary CHEMICAL, BIOLOGICAL, NUCLEAR AND RADIOACTIVE EXPLOSION, POLLUTION OR CONTAMINATION EXCLUSION CLAUSE Notwithstanding any provision to the contrary within this Policy or any endorsement thereto, this Policy excludes absolutely any, loss, damage, cost, claim, expense, sum or other obligation of any kind or description directly or indirectly caused by, contributed to, resulting from, or arising out of or in connection with actual, threatened, feared or perceived use of any biological, chemical, radioactive or nuclear agent, material, device or weapon regardless of any other cause or event that contributes concurrently or in any sequence thereto. However, if fire results from any of the above, we will cover the resultant fire loss but only to the extent, if any, required by the Standard Fire Policy Statute in that state. All other terms and conditions remain unchanged. ENDORSEMENT NO. 3 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 4 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary MOLD/FUNGAL PATHOGENS EXCLUSION The insurance under this policy does NOT apply to: All loss, damage, cost or expense directly or indirectly caused by, arising out of, resulting from or in any manner related to Fungal Pathogens whether or not there is another cause of loss which may have contributed concurrently or in any sequence to a loss. As used in this endorsement, Fungal Pathogens means any fungus or mycota or any byproduct or type of infestation produced by such fungus or mycota, including but not limited to, mold, mildew, mycotoxins, spores or any biogenic aerosols. All other terms and conditions remain unchanged. ENDORSEMENT NO. 4 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 5 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary 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 there from, 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 programs, 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 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'. 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 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. All other terms and conditions remain unchanged. ENDORSEMENT NO. 5 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 6 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary 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 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 Perils first damaged the asbestos. However this policy does not insure any 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: any faults in the design, manufacture or installation of the asbestos. Asbestos not physically damaged by the Listed Peril including any governmental or regulatory authority direction or request of whatsoever nature relating to undamaged asbestos. 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. ENDORSEMENT NO. 6 Page 1 of1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 7 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary WAR AND MILITARY ACTION EXCLUSION We, the Company, will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. 1. War, including undeclared or civil war: 2. Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or 3. Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these. All other terms and conditions remain unchanged. ENDORSEMENT NO. 7 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 8 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary DIFFERENCE OF CONDITIONS Subject to all terms and conditions of this Policy not in conflict herewith, coverage under this Policy is to apply when, and only to the extent that, perils, limits or conditions set forth herein are in addition to, or broader in meaning or scope, than those of any applicable primary locally admitted policies in each respective country. The insurance provided by this policy is not to apply as direct contributing insurance as respects loss arising from the perils insured under any applicable primary locally admitted policies. In the event of loss from a single Occurrence involving this policy and any applicable primary locally admitted policy(ies), the Limits of Liability payable by any combination of these policies shall not exceed the Limits/Sublimits of Liability of this policy. It is a condition of this policy that all applicable primary locally admitted policy(ies) in force at the inception of this policy, will be maintained in full force and effect during the term of this policy. Any renewals or replacements of applicable primary locally admitted policies will not be more restrictive than the previous prevailing coverage. If the Company is prevented by law, ordinance, rule, regulation, statute, or for any other legal reason from adjusting and paying losses in any of the countries covered by this endorsement, the Company will pay to the Insured its proportion of loss or damage as insured under this policy and this endorsement along with any reasonable costs of adjustment and settlement incurred by the Insured in arranging adjustment and settlement at a place and location mutually agreeable to both. The Insured must take all reasonable measures to obtain satisfactory proof of loss or damage and agrees to advise the Company of all actions being undertaken and will operate under the Company's supervision and with the Company's permission in all such matters. All other terms and conditions remain unchanged. ENDORSEMENT NO. 8 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 9 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary GENERAL CHANGE ENDORSEMENT It is understood and agreed in jurisdictions where we may be prevented by law or statute from paying on behalf of you, we will in accordance with the terms and conditions as stipulated in the Insuring Agreement of The Princeton Excess and Surplus Lines Insurance company COMMERCIAL EXCESS PROPERTY INSURANCE POLICY: Pay you for those sums that you become legally obligated to pay as damages to which this insurance applies. No other obligation or liability to pay sums or perform acts or services is covered unless explicitly provided for in The Princeton Excess and Surplus Lines Insurance Company COMMERCIAL EXCESS PROPERTY INSURANCE POLICY, its forms and endorsements thereto, on and for policy number: 78 -A3 -XP -0000961-01. Nothing contained herein shall increase our Limits of Liability as stated in item 4 of the Declarations. All other terms and conditions remain unchanged. ENDORSEMENT NO. 9 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 10 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary NON -ADMITTED INSURANCE The Insured acknowledges and recognizes, by accepting this policy that the insurance provided by this policy may be considered to be non -admitted insurance in some of the countries in which coverage is provided. In such countries the Insured may have to purchase compulsory insurance from locally admitted, indigenous insurance carriers and the Company will not be responsible for any fines, penalties, taxes or other costs imposed by any jurisdiction on any party for the Insured's failure to do so. Where this policy is non -admitted insurance, the Company is not responsible for providing any locally required bonds, Certificates of Insurance, Loss Payable Endorsements, Mortgagee Endorsements or any other documents as evidence of insurance. This policy does not substitute for any local compulsory insurance which may be required by any jurisdiction and the placement of such compulsory insurance is the responsibility of the Insured or its agent. If the Insured or its agent has not arranged or does not arrange the placement of compulsory admitted insurance in those jurisdictions which require it, the insurance afforded under this policy and this endorsement will respond to loss or damage as if such compulsory insurance had been placed. All other terms and conditions remain unchanged. ENDORSEMENT NO. 10 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 11 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary SERVICE OF PROCESS ENDORSEMENT This endorsement specifies that: We designate the Superintendent of Insurance, Insurance Commissioner, Director of Insurance, or other officer specified by law, pursuant to the laws of the State where this policy is delivered, as our true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted in the State in which this policy is delivered, by, or on behalf of, the Named Insured or any beneficiary hereunder arising out of this Policy. We designate the General Counsel of The Princeton Excess and Surplus Lines Insurance Company, 555 College Road East, Princeton, New Jersey 08543 as the person to whom the said officer is authorized to mail such process or true copy thereof. All other terms and conditions remain unchanged. ENDORSEMENT NO. 11 SLSOP 10/14 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 12 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary VIOLATION OF ECONOMIC OR TRADE SANCTIONS We (the Insurer or the Company) shall not provide any coverage, pay any claim, or provide any benefit under this Policy, to the extent that the provision of such coverage, payment of such claim, or provision of such benefit is a violation of any sanction, prohibition or restriction under United Nations Resolutions or applicable trade or economic sanctions, embargo, laws or regulations, including but not limited to, those administered and enforced by the United States Treasury Department's Office of Foreign Assets Control (OFAC), the European Union or the United Kingdom. All other terms and conditions remain unchanged. ENDORSEMENT NO. 12 VL ES 21 01 03 22 Copyright, 2022 Munich Reinsurance America, Inc. All rights reserved. Page 1 of1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 13 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary COMMUNICABLE DISEASE ENDORSEMENT 1. Notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense, or other sum, directly or indirectly caused by, arising out of, resulting from, contributed to by, or attributable to a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease; all regardless of any other cause or event, whether or not insured under this policy, contributing concurrently or in any other sequence to the loss. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA 5393 Amended ENDORSEMENT NO. 13 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 14 LAW AND JURISDICTION CLAUSE With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: Notwithstanding any provision to the contrary within this policy or any endorsement thereto, it is understood and agreed that this policy shall be governed by and interpreted in accordance with the laws of the state of New York, without regard to its conflicts of law principles, and that New York courts will have exclusive jurisdiction. All other terms, conditions and exclusions of the policy remain the same. ENDORSEMENT NO. 14 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 15 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary APPLICATION OF SUBLIMITS 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. LMA5130 All other terms and conditions remain unchanged. ENDORSEMENT NO. 15 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 16 SEEPAGE AND/OR POLLUTION AND/OR CONTAMINATION EXCLUSION Notwithstanding any provision to the contrary within the Policy of which this Endorsement forms part (or within any other Endorsement which forms part of this Policy), this Policy does not insure: a) any loss, damage, cost or expense, or b) any increase in insured loss, damage, cost or expense, or c) any loss, damage, cost, expense, fine or penalty, which is incurred, sustained or imposed by order, direction, instruction or request of, or by any agreement with, any court, government agency or any public, civil or military authority, or threat thereof, (and whether or not as a result of public or private litigation), which arises from any kind of seepage or any kind of pollution and/or contamination, or threat thereof, whether or not caused by or resulting from a peril insured, or from step or measures taken in connection with the avoidance, prevention, abatement, mitigation, remediation, clean-up or removal of such seepage or pollution and/or contamination or threat thereof. The term any kind of seepage or any kind of pollution and/or contamination as used in this Endorsement includes (but is not limited to): a) seepage of, or pollution and/or contamination by, anything, including but not limited to, any material designated as a 'hazardous substance' by the United States Environmental Protection Agency or as a 'hazardous material' by the United States Department of Transportation, or defined as a 'toxic substance' by the Canadian Environmental Protection Act for the purposes of Part II of that Act, or any substance designated or defined as toxic, dangerous, hazardous or deleterious to persons or the environment under any other Federal, State, Provincial, Municipal or other law, ordinance or regulation; and b) the presence, existence, or release of anything which endangers or threatens to endanger the health, safety or welfare of persons or the environment. All other terms and conditions remain unchanged. NMA 2342 ENDORSEMENT NO. 16 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 17 With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary ROOF VALUATION AND COSMETIC DAMAGE EXCLUSION ENDORSEMENT The coverage provided by the POLICY to which this Endorsement is attached is limited as respects to direct physical loss or damage to the ROOF SURFACING at any insured location caused by the peril of wind or hail as defined below and as follows: A. In case of loss, the basis of adjustment for damage to the ROOF SURFACING that has been in place on an insured building or structure for fifteen (15) years or longer will be ACTUAL CASH VALUE, at time and place of loss B. This COMPANY shall not pay for COSMETIC DAMAGE that alters the appearance of the covered property under this POLICY regardless of age. Definitions: A. ACTUAL CASH VALUE, unless defined elsewhere within the POLICY to which this Endorsement is attached, means: the cost to repair or replace damaged or destroyed property with materials of like kind and quality, less an adjustment for physical depreciation, deterioration, obsolescence, and depreciation of the cost of labor associated with the repair or replacement of covered property at the time of loss. B. ROOF SURFACING means: roofs, roof coatings, roof canopies, the shingles, tiles, cladding, metal or synthetic sheeting, sheathing, decking or similar materials or components covering the roof or used in conjunction with a roof's construction or re-covering and includes, but is not limited to, any material used in securing the roof surface and any material applied to or under the roof surface for moisture protection, membrane or insulation, as well as roof flashing. C. COSMETIC DAMAGE means: marring, pitting, denting or other superficial damage that alters the appearance of the covered property, but such damage does not prevent the covered property from functioning to the same extent as it did before the COSMETIC DAMAGE occurred. Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limitations, exclusions or conditions of the POLICY except as herein above set forth All other terms and conditions remain unchanged. ENDORSEMENT 17 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 18 WAR AND TERRORISM EXCLUSION ENDORSEMENT (Insurance) 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 of the policy remain unchanged. 08/10/01 NMA2918 (unamended) ENDORSEMENT NO. 18 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 19 DIRECT PHYSICAL DAMAGE PROVISION CLAUSE With respect to this policy and any endorsements thereto, the following endorsement is added and supersedes any provision to the contrary: 1. Property Damage The insurer shall indemnify the insured only for any direct physical damage to the property insured which occurs at any time during the period of insurance unless specifically excluded and which results in property insured needing to be repaired or replaced, and occurs at the location listed in the policy schedule. The indemnity shall not exceed the sum insured specified in the schedule or any limit of indemnity that may be applicable. 2. Time Element section The insurer shall indemnify the insured only for a loss of the interest insured unless specifically excluded if at any time during the period of insurance the property insured under the property damage section suffers loss or damage indemnifiable under the property damage section or which would have been indemnifiable under the property damage section but for the application of a deductible, thereby directly causing or contributing to an interruption of or interference with the business insured. As respects all additional Time Element coverages, the insurer shall indemnify the insured only for a loss directly causing or contributing to an interruption of or interference with the business insured caused by direct physical damage to property of the type insured under this policy. All other terms and conditions remain unchanged. ENDORSEMENT NO. 19 Page 1 of 1 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO.20 TERRORIST ACTIVITY EXCLUSION (WITH SFP EXCEPTION) With respect to this policy and any endorsements thereto, the following exclusion is added and supersedes any provision to the contrary: This insurance does not apply to: All loss, damage, cost or expense, caused by, resulting from, arising out of or related to, either directly or indirectly, any "Terrorist Activity," as defined herein, and any action taken to hinder, defend against or respond to any such activity. This exclusion applies regardless of any other cause or event that in any way contributes concurrently or in any sequence to the loss, damage, cost or expense, But, if the "Terrorist Activity" occurs in an "Exception State" and results in fire, we will pay for the loss or damage in such "Exception State" caused by that fire, but only to the extent, if any, required by the applicable Standard Fire Policy statute(s) in such state. However, this exception applies only to direct loss or damage by fire to covered property and not to any insurance provided for time element coverages, including but not limited to business interruption and extra expense. In no event shall this policy be construed to give coverage beyond the minimum requirements of the applicable Standard Fire Policy statute (and amendments thereto) in existence as of the effective date of the policy and governing such requirements with respect to any acts of terrorism. If the applicable law or regulation in any state permits the Commissioner or Director of Insurance or anyone in a similar position to grant the insurer approval to vary the terms and conditions of the Standard Fire Policy, and such approval has been granted in that state as of the effective date of this policy, this policy shall not provide coverage beyond the minimum requirements of the terms and conditions approved by the Commissioner or Director of Insurance or person in a similar position. If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a Program Year (January 1 through December 31) and the Company has met their insurer deductible under the Terrorism Risk Insurance Act, the Company shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. ENDORSEMENT NO. 20 PTERR 02 01/08 Page 1 of 3 For the purposes of this exclusion, A. "Terrorist Activity" shall mean any deliberate, unlawful act that: 1. is declared by any authorized governmental official to be or to involve terrorism, terrorist activity or acts of terrorism; or 2. includes, involves, or is associated with the use or threatened use of force, violence or harm against any person, tangible or intangible property, the environment, or any natural resources, where the act or threatened act is intended, in whole or in part, to (a) promote, further or express opposition to any political, ideological, philosophical, racial, ethnic, social or religious cause or objective; or (b) influence, disrupt or interfere with any government related operations, activities or policies; or (c) intimidate, coerce or frighten the general public or any segment of the general public; or (d) disrupt or interfere with a national economy or any segment of a national economy; or 3. includes, involves, or is associated with, in whole or in part, any of the following activities, or the threat thereof: (a) hijacking or sabotage of any form of transportation or conveyance, including but not limited to spacecraft, satellite, aircraft, train, vessel, or motor vehicle; (b) hostage taking or kidnapping; (c) the use or threatened use of, or release or threatened release of any nuclear, biological, chemical or radioactive agent, material, device or weapon; (d) the use of any bomb, incendiary device, explosive or firearm; (e) the interference with or disruption of basic public or commercial services and systems, including but not limited to the following services or systems: electricity, natural gas, power, postal, communications, telecommunications, information, public transportation, water, fuel, sewer or waste disposal; (f) (g) the injuring or assassination of any elected or appointed government official or any government employee; the seizure, blockage, interference with, disruption of, or damage to any government buildings, institutions, functions, events, tangible or intangible property or other assets; or (h) the seizure, blockage, interference with, disruption of, or damage to tunnels, roads, streets, highways, or other places of public transportation or conveyance. B. Any of the activities listed in section A. 3. above shall be considered "Terrorist Activity" except where the Insured can demonstrate to the Company, that the foregoing activities or threats thereof were motivated solely by personal objectives of the perpetrator that are unrelated, in whole or in part, to any intention to 1. promote, further or express opposition to any political, ideological, philosophical, racial, ethnic, social or religious cause or objective; or 2. influence, disrupt or interfere with any government related operations, activities or policies; or 3. intimidate, coerce or frighten the general public or any segment of the general public; or ENDORSEMENT NO. 20 PTERR 02 01/08 Page 2 of 3 4. disrupt or interfere with a national economy or any segment of a national economy. C. "Exception State" means a state which at the time of policy effective date, requires that the coverage provided under this policy be not more restrictive than that provided under a Standard Fire Policy (SFP). D. Application of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorist exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this policy, such as losses excluded by a Nuclear Hazard Exclusion or a War Exclusion. All Other Terms and Conditions Remain Unchanged. ENDORSEMENT NO. 20 PTERR 02 01/08 Page 3 of 3 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY INSURED Colorado Counties Casualty & Property Pool Policy No. 78 -A3 -XP -0000961-01 Endorsement Effective: 01/01/2024 (12:01 A.M.) Issued by THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This Policy is subject to the following ENDORSEMENT NO. 21 AMENDATORY ENDORSEMENT It is hereby agreed and understood that the following changes are made to the policy. SECTION II — INFORMATION, Program limits is amended with addition USD 25,000,000 Vehicle Physical Damage — While on Premises SECTION VII — THE WORDING, clause III. ULTIMATE NET LOSS is amended with addition EE. USD 25,000,000 Vehicle Physical Damage — While on Premises All other terms and conditions shall remain unchanged ENDORSEMENT NO. 21 PTERR 02 01/08 Page 1 of 1 IL P 001 01 04 U.S. TREASURY DEPARTMENT'S OFFICE OF FOREIGN ASSETS CONTROL ("OFAC") ADVISORY NOTICE TO POLICYHOLDERS No coverage is provided by this Policyholder Notice nor can it be construed to replace any provisions of your policy. You should read your policy and review your Declarations page for complete information on the coverages you are provided. This Notice provides information concerning possible impact on your insurance coverage due to directives issued by OFAC. Please read this Notice carefully. The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on 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 THE PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY NOTIFICATION OF CLAIMS Upon knowledge of any occurrence likely to give rise to a claim hereunder, immediate notice must be given to: The Princeton Excess and Surplus Lines Insurance Company 555 College Road East Princeton, New Jersey 08543 Phone: 609-243-4200 Fax: 609-243-4558 Email: clmsins@munichreamerica.com Insurer Authorized Document of Insurance (IAD) (Lloyds & Companies) Policy Number; PW0330024 Insured: Colorado Counties Casualty and Property Pool Period: From: 1St January 2024 To: 1st January 2025 Sum Insured Primary USD 25,000,000 Gallagher The Walbrook Building 25 Walbrook London EC4N 8AW Registered Company No.1193013 Gallagher Insurance Risk Management Consulting 16) Gallagher IInsusrance Risk Management Consulting 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 Arthur J.Gallagher The Walbrook Building 25 Walbrook, London EC4N SAW United Kingdom. Property Division : +44(0) 207204 6000 For all claims notifications: Claims Division : +44(0) 207204 6000 UK.Specialty.Claims.Property@ajg.com s Gallagher Insurance Risk Management Consulting a` DUTY OF FAIR PRESENTATION When you answer questions or agree with assumptions during the quotation process, you must disclose material facts or circumstances about the risk(s) you want to insure. A material fact or circumstance is something that would influence the judgement of an insurer in deciding whether or not to insure the risk. This is known as a 'duty of fair presentation' and includes disclosing the following: • Information that you, your firm's senior management, or anyone responsible for arranging your insurance knows, or should know in relation to your business; and • Information that would be revealed by a reasonable search of information available to you or by making enquiries, and could include information held within your business or by someone else (such as your insurance broker). Remember that if you fail to meet this duty, it could mean that the policy is void, or that the insurer is not liable to pay all or part of your claim(s). Please be aware that if any of your details, material facts or circumstances change during the policy period, you must always notify us immediately Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. INSURER AUTHORIZED DOCUMENT OF INSURANCE CONTENTS PAGE S ECTION I -RISK DETAILS 3 S ECTION II - INFORMATION 6 S ECTION III - SECURITY DETAILS 8 S ECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS 11 S ECTION V - FISCAL AND REGULATORY SECTION 15 S ECTION VI - BROKER REMUNERATION AND DEDUCTIONS SECTION 16 S ECTION VII - THE WORDING 17 S ECTION VIII - SUPPLEMENTAL CLAUSES 57 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting U NIQUE MARKET REFERENCE: TYPE: INSURED: ADDRESS: P ERIOD: INTEREST: S UM INSURED: LIMIT(S) OF LIABILITY: DEDUCTIBLES: SECTION I -RISK DETAILS B1262PW0330024 Risks of Direct Physical Loss or Damage Including Flood, Earthquake and Equipment Breakdown. 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. C/O CTSI 800 Grant ST, Suite 400 Denver, CO 80203 From: 1St January 2024 To: 1St January 2025 Beginning and ending at 12:01 a.m. Local Standard Time at the location of the property insured. Real and Personal Property as described in the Policy Wording and as declared to the Underwriters. TIME ELEMENT: Business Interruption as described in the Policy Wording and as declared to the Underwriters. Subject to the `Order Hereon' stated in SECTION III - SECURITY DETAILS, the Limits of Underwriters' Liability shall be the following Limit(s) of Liability. U SD 25,000,000 ultimate net loss each occurrence, U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Flood, and U SD 25,000,000 ultimate net loss each occurrence and in the aggregate any one policy year in respect of the peril of Earthquake. All Other Perils: U SD 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 identifiable building or structure that has sustained a loss or damage and for which a claim is being made under this policy; subject to the minimum deductible of USD 1,000,000 per occurrence. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEDUCTIBLES CONTINUED: N OTICES: TERRITORY: CONDITIONS: S UPPLEMENTAL CLAUSES: CHOICE OF LAW & JURISDICTION: P REMIUM: Time Element: 24 Hours Service Interruption All as more fully stated in the Policy Wording and as declared to the Underwriters. N OT APPLICABLE As attached in SECTION VIII - SUPPLEMENTAL CLAUSES U nited States of America, its territories, possessions and Canada. As per Wording attached SECTION V as attached SECTION VIII including:- WEH Asbestos Endorsement (1994) - 518ARM00210 Biological or Chemical Materials Exclusion - NMA2962 Radioactive Contamination Exclusion Clause - P hysical Damage - Direct (U.S.A.) — NMA 1191 War and Terrorism Exclusion Endorsement - NMA2918 U .S. Terrorism Risk Insurance Act Of 2002 As Amended Not Purchased Clause - LMA5390 Fraudulent Conduct and Misrepresentation Clause - LMA5120 Application of Sublimits Endorsement — LMA5130 Sanction Limitation and Exclusion Clause LMA3100 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 (amended) P roperty Cyber and Data Endorsement — LMA5400 Communicable Disease Endorsement — LMA5393 Debris Removal Endorsement — LMA 2343 Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017 Material Damage / Time Element U SD 4,275,000 (100%) Annual. (Hereon USD 1,282,500 for 30% order) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PREMIUM PAYMENT TERMS: Premium Payment Condition (Time On Risk) 4/86 TAXES PAYABLE BY INSURED AND ADMINISTERED BY INSURER(S): 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 29th February 2024 If this condition is not complied with, then this contract of Insurance shall terminate on the above date with the Insured hereby agreeing to pay premium calculated at not less than pro rata temporis. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J Gallagher. file and available on request, and provided to Insurers. Total Declared Values: USD 3,594,034,945 Breakdown of values as per Schedule contained within Submission provided to Insurers. Loss record (as advised to Arthur J Gallagher. contained within Submission provided to Insurers. U rogram Limits U SD 50, 000,000 U SD 5, 000,000 U SD 50, 000,000 U SD 50, 000,000 U SD 25, 000,000 U SD 250,000 U SD 5,000,000 U SD 8,071,695 U SD 1,000,000 U SD 50,000 U SD 500,000 U SD 250, 000 U SD 250, 000 U SD 1, 000, 000 U SD 100, 000 U SD 50, 000 U SD 10, 000, 000 U SD 10, 000, 000 U SD 1,000,000 U SD 1,000,000 U SD 10, 000, 000 U SD 5, 000, 000 U SD 1,000,000 U SD 250, 000 U SD 250, 000 U SD 10.000.000 U SD 1, 000, 000 U SD 1, 000, 000 U SD 25.000 U SD 100, 000 U SD 100.000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined N ewly 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 Accounts Receivable Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 5,000,000) within the territorial limits of the policy, any one occurrence Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under USD 8,071,695) within the territorial limits of the policy, any one occurrence in respect of the Following location only: Ouray County Builders Risk Project - 541 4TH,OURAY, CO 81427 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; U nscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, any one occurrence. Personal Property of Employees at a described location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum USD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a N amed Insured subject to a USD 1,500,000 Annual Aggregate for all Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Trees and Shrubs Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Ins trance Risk Management I Consuiting USD 10,000,000 Valuable Papers Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting INSURER'S LIABILITY SECTION III - SECURITY DETAILS (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 proportions underwritten by all the members of the syndicate taken together). 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk management Consulting ORDER HEREON: BASIS OF WRITTEN LINES: SIGNING PROVISIONS: 30% of 100% Percentage of Whole 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk management I Consulting 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 % In respect of electronic lines the Underwriter(s) agreement and participation to this Contract has been accepted upon the Lloyd's Placing Platform Limited (PPL) program. Confirmation of Underwriter(s) acceptance is noted within Market Submission - Security Details located on the final pages of this document. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher SLIP LEADER: BUREAU LEADER: BASIS OF AGREEMENT TO CONTRACT CHANGES: OTHER AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR PART 2 GUA CHANGES ONLY: AGREEMENT PARTIES FOR CONTRACT CHANGES, FOR THEIR PROPORTION ONLY, IF ANY: MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting SECTION IV - CONTRACT ADMINISTRATION AND ADVISORY SECTIONS SUBSCRIPTION AGREEMENT SECTION As Per Settlement Information located on the final pages of this document Lloyd's Bureau Leader is As Per Settlement Information located on the final pages of this document Company Bureau Leader is As Per Settlement Information located on the final pages of this document The Bureau Leaders must adhere to the applicable claims agreement practice and act in accordance with CLAIMS AGREEMENT PARTIES, as defined in A or B (below), dependent upon the claim falling within the scope of the Single Claims Agreement Party (SCAP) Arrangement. GUA (version 2.0) February 2014 with Non -Marine Schedule October 2001 Final premium/ going in values to be agreed Leading Underwriter only. 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 Arthur J Gallagher (UK) Ltd using Fax or email. Slip leader only to agree part two changes. None Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting BASIS OF CLAIMS AGREEMENT: CLAIMS AGREEMENT PARTIES: As specified under the CLAIMS AGREEMENT PARTIES and to be managed in accordance with: i) The SINGLE CLAIMS AGREEMENT PARTY ARRANGEMENTS - LMA9150 [as below] for claims or circumstances assigned as Single Claims Agreement Party Claims (SCAP Claims) or, where it is not applicable, then the following shall apply as appropriate: ii) The Lloyd's Claims Scheme (Combined), or as amended or any successor thereto. (N.B. The applicable Lloyd's Claims Scheme/part will be determined by the rules and scope of the Scheme(s)). iii) IUA claims agreement practices. iv) The practices of any company(ies) electing to agree claims in respect of their own participation. The applicable arrangements (scheme, agreement or practices) will be determined by the rules and scope of said arrangements and should be referred to as appropriate. A. Claims falling within the scope of the LMA9150 to be agreed by Slip Leader only on behalf of all (re)insurers subscribing (1) to this Contract on the same contractual terms (other than premium and brokerage) and (2) to these Arrangements. For the purposes of calculating the Threshold Amount, the sterling rate on the date that a financial value of the claim is first established by the Slip Leader shall be used and the rate of exchange shall be the Bank of England spot rate for the purchase of sterling at the time of the deemed conversion. B. For all other claims: 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. The second Lloyd's Syndicate is 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting CLAIMS ADMINISTRATION: RULES AND EXTENT OF ANY OTHER DELEGATED CLAIMS AUTHORITY: EXPERT(S) FEES COLLECTION: SETTLEMENT DUE DATE: BUREAUX ARRANGEMENTS: iv) All other subscribing insurers that are not party to the Lloyd's/IUA claims agreement practices, each in respect of their own participation. v) Notwithstanding anything contained in the above to the contrary, any ex gratia payments to be agreed by each (re)insurer for their own participation. Arthur J. Gallagher Insurance Brokers Limited and insurers agree that any claims hereunder (including any claims related costs/fees) will be notified and administered via ECF with any payment(s) processed via CLASS, unless both parties agree to do otherwise. Where claims or circumstances are not administered via ECF, notification, administration and payment(s) will be electronic. Where a Lloyd's syndicate or IUA company is not an agreement party to the claim or circumstance (per CLAIMS AGREEMENT PARTIES A. above), they agree to accept correct ECF sequences for administrative purposes to ensure information is circulated to all subscribing parties None Fees to be collected directly between Underwriters and Experts 29th February 2024 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 processed by Arthur J. Gallagher (UK) Ltd. including final stock/loss of profits, 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 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting NOTICE OF CANCELLATION PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in accordance with the provisions of the contract, then: To the extent provided by the contract, the Slip Leader is authorised to issue such notice on behalf of all participating (re)insurers; and (optionally) Any (re)insurer may issue such notice in respect of its own participation. The content and format of any such notice should be in accordance with the `Notice of Cancellation' standard, as published by the London Market Group (LMG), or their successor body, on behalf of London Market Associations and participants. However failure to comply with this standard will not affect the validity of the notice given. The notice shall be provided to the broker by the following means: By an email to Compliance UK@ajg.com Failure to comply with this delivery requirement will make the notice null and void. Satisfactory delivery of the notice will cause it to be effective irrespective of whether the broker has acknowledged receipt. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting TAX PAYABLE BY INSURER(S): COUNTRY OF ORIGIN: OVERSEAS BROKER: S URPLUS LINES BROKER: SECTION V - FISCAL AND REGULATORY SECTION None United States of America Risk Placement Services, Inc. 2400 Lakeview Pkwy Suite 675, Alpharetta, GA 30009 Joel Cavaness 2850 Golf Road, 5th Floor Rolling Meadows, IL 60008 License Number: 93325 STATE OF FILING: Colorado U S CLASSIFICATION: Surplus Lines ALLOCATION OF P REMIUM TO CODING: 100% P2 REGULATORY CLIENT CLASSIFICATION: Commercial — Large Risk REGULATORY RISK LOCATION: United States of America (Non EEA) Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting SECTION VII - THE WORDING 23-24 CAPP Primary Policy 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 USD 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. USD 50, 000, 000 B. USD 5,000,000 C USD 50,000,000 D USD 50,000,000 E. USD 25,000,000 F USD 250,000 In the aggregate annually as respects Earthquake Loss In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR In the Aggregate as respects all other Flood loss In the aggregate annually for all Flood losses combined. Newly Acquired Property — 90 Days from the date of acquisition; coverage ceases if the newly acquired property is not reported within 90 days from the date of acquisition. Accounts Receivable. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting G. USD 5,000,000 H I J. K. L. M. N . O. P . a R. S . T U V W x. Y. USD 1,000,000 USD 500,000 .USD 250,000 USD 250,000 U SD 2,500,000 USD 100,00 USD 50,000 U SD 10,000,000 U SD 10,000,000 USD 1,000,000 USD 1,000,000 U SD 10,000,000 USD 5,000,000 USD 1,000,000 USD 250,000 USD 250,000 U SD 10,000,000 USD 1,000,000 Z. USD 1,000,000 AA. USD 25,000 BB. USD 100,000 Builders' Risks, Renovations, Repairs made by the Insured at any location (including new locations with total contract cost under USD5,000,000) within the territorial limits of the policy, any one occurrence. Any Builders' Risks, Renovations, Repairs with total contract costs over USD 5,000,000 are not covered under this extension Builders Risk Soft Costs/ Additional Expenses per Company Endorsement; USD 50,000 Unscheduled Locations Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity Civil Authority — 4 Weeks Maximum Ingress/Egress — 4 Weeks Maximum U nnamed Location, Any One Occurrence Personal Property of Employees at a described Location Personal Property of Others while on the Insured's property Ordinance or Law Extra Expense Expediting Expense P roperty in Transit Contractors' Equipment subject to maximum U SD 1,500,000 per item Fine Arts subject to maximum USD 500,000 per item Fire Fighting Materials Furs, Jewelry, Precious Stones and Metals not used for industrial purposes Loss Adjustment Expenses/Professional Services Service Interruption subject to 24 hour waiting period and 5 mile distance limitation Errors or Omissions Vehicle Physical Damage — Over the Road 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 members Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting CC. USD 100,000 Trees and Shrubs DD. USD 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 USD 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. Flood Deductible: USD 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 USD 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 USD 1,000,000 Per Occurrence. Earthquake Deductible: USD 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: B. Discharge the Insured's obligation under the terms of this agreement by administering a complete claims handling program. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting Property Insurance AGREEMENT A — BUILDING ANDPERSONAL PROPERTY: Company agrees, 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 risks of direct physical 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 risks of direct physical 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. Definitions/Provisions 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management I Consulting 3 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; 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, and 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 an 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. Any builders' risks, renovations, repairs with total contract costs over USD 5,000,000 are not covered 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. 8 ERRORS AND OMISSIONS The term Errors and Omissions covers direct physical loss or damage at Locations within the Coverage Territory that are owned, leased or operated by the Insured, if such loss or damage is not payable under the Policy solely due to: a. Any error or unintentional omission in the description of the address of the property whether made at the inception of the policy period or subsequent thereto; or b. Failure through any error or unintentional omission to: i. Include any Location of the Insured at the inception of the Policy; or ii. Report any newly acquired Location before the period of automatic coverage provided under the policy for Newly Acquired Property extension expires. This policy covers such direct physical loss or damage, to the extent it would have provided coverage had the error or unintentional omission had not been made. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the Company when discovered and corrected. The Company may charge an additional premium based on the proper values reported after the correction has been made to the schedule of values/locations. There is no coverage under this Paragraph for loss or damage which is covered under Newly Acquired or Unnamed Locations provisions of this Policy. Excluded Perils With regard to all Property, 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, explosion, windstorm, hail, riot, civil commotion, and impact by aircraft or vehicles. 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, error in design, 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 5 Bridges, culverts, roadways, streets, walks, or paved surfaces, dams, docks, piers and Wharves; 6 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. Conditions 1. REPORTING REQUIREMENTS A. NEWLY ACQUIRED PROPERTY: The Company will charge the appropriate premium for adding Property to the policy. Property must be reported the Carrier within 90 days of acquisition or coverage ceases. For Property with values over USD 5,000,000 the Company will charge an additional premium. For Property with values under USD 5,000,000, the Company is to be notified of the newly acquired Property and any additional premium will be waived. The Insured is required to include the new Property and/or Location on the Statement of Values. B. MEMBERSHIP RECONCILIATION REPORT FOR UDPATED STATEMENT OF VALUES: The Insured will providethe Company a Membership Reconciliation Report updating the Statement of Values for 100% of values by Member and Location(s) by March 1st of each policy year. The report shall incorporate any changes to the insured Locations including new buildings, new locations and/or deleted buildings and/or Locations. 2 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. 3 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 4 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. 5 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. 6 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. 7 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 the minimum requirements of such law, ordinance or code. If demolition is required to comply with such enforcement, Company shall also be liable for such additional costs. 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. 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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 as soon as practicable notify the Company through County Technical Services, Inc. Claims Management Department of any Occurrence, the cost of which is likely to result in payment by the Company under this Insurance. The 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 of the Company, their liability under this Insurance is likely to be involved, in which case the Insured and Underwriters 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 required herein shall not invalidate any claim under this Policy for such loss except if and to the extent that the Company can prove that it was actually prejudiced by any unreasonable delay in reporting loss or damage. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 (30) 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. 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 compld with such statues. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. PROTECTION AND PRESERVATION OF PROPERTY In case of actual or imminent physical loss or damage of the type insured against by this policy, the expenses incurred by the insured in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be covered by this policy. The Underwriters' proportion of such expenses shall be limited to the extent they were incurred with the intent to reduce loss or damage which could otherwise have been payable under this policy. Any recovery hereunder shall be subject to the applicable deductible and shall be included in and not additional to the limit of this policy. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. 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. 26. 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. 27. 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. 28. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting The limit shown in the Coverage Agreement Section under Ultimate Net Loss for earthquake is the most this Company will pay for all direct loss or damage caused by a single Earth Movement. 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. The Company is not liable for more than the limits shown in the Coverage Agreement, Ultimate Net Loss section of the Policy. 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 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 physical loss or damage by a peril insured against within one mile of the insured premises, 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. 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 a direct result of physical loss or damage by fire, lightning, 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting For example: a fire damage 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 USD 25,000 in any one occurrence or USD 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 USD 1,500,000 Aggregate applies to all County members. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting ENDORSEMENT A EXCESS CLAUSE 1. EXCESS CLAUSE A. Coverage hereunder shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds SEE ATTACHMENT CLAUSE plus the applicable portion of the primary policy deductible as set forth herein and any waiting period attributable to the perils and/or property and/or coverages insured hereunder. The amount of the applicable portion of the primary deductible referred to above shall be determined by the proportion that the amount of loss attributable to the perils and/or property and/or coverages insured against under this policy (without application of the excess provision) bears to the total amount of loss multiplied by the amount of the applicable primary deductibles. In the event that the total amount of loss, damage, or expense attributable to the perils and/or property and/or coverage insured under the underlying insurance exceeds that amount at which this policy would normally attach, but due to the application of sublimits in the underlying policy(ies), the total loss, damage and expense payable by the underlying policy(ies) does not fully exhaust the underlying policy(ies) limit, then this policy shall drop down and be liable for the loss as covered under this policy in excess of the amount paid by the underlying policy(ies). B. In determining the amount of any loss, damage, or expense for which this policy is excess, the total loss for all coverages caused by any combination of perils, one or more of which is insured against under the primary policy, shall be used even though all such perils or coverages are not insured against under this excess policy. (1) Any recoveries made under the primary policy shall be considered as first applying to those perils and/or property and/or coverages not insured against by this policy. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributable to the primary policy as respects those perils and/or coverages and/or property insured hereunder subject to the limit of this policy. (2) If there is any other excess insurance covering the perils and/or property and/or coverages insured against in the primary policy, but not covered by this policy, this insurance shall then allocate any loss recoveries made under the primary policy in the same proportion as the amount of loss involving the property and/or coverages insured against by this policy bears to the combined total loss. Upon exhaustion of the primary policy limits, this policy shall drop down and be liable for the loss in excess of the amount attributed to the primary policy as respects those perils and/or property and/or coverages covered hereunder subject to the limit of this policy. (3) Paragraph two shall not apply, however, when the amount of loss attributed to the perils insured under the primary policy, but not covered under this policy, exceed the total amount of insurance provided by the primary and excess coverages with respect to said perils. In this situation any recoveries made under the primary policy shall first apply to those perils not insured by this policy. Upon exhaustion of the primary limits, this policy shall drop down and be liable for loss in excess of the amount attributed to the primary policy as respects those perils covered hereunder subject to the limit of this policy. (4) In the event the Insured is a contributing or self -insurer with respect to the perils and/or property and/or coverages otherwise insured in any underlying insurance and Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting no policy is issued to define the extent of this contributing or self insurance, for the purposes of this Excess Clause, the Insured's contributing or self-insurance shall be deemed to be the same as either: (a) all other contributing insurance participating in the Insured's layer(s); or (b) all other contributing insurance participating in the layer below the Insured's layer where the Insured is entirely self insuring the layer. If the coverage provided by the policy(s) of the other contributing insurance company(s) is non- concurrent, then the contributing or self insurance provided by the Insured within the layer in question shall be deemed to be the same as the coverage provided by that contributing insurance company whose policy provides the least indemnity for the loss. C. In the event the annual aggregate limits provided for Flood and/or Earthquake are diminished or exhausted in any one policy year, the coverage provided under this policy shall respond as excess of the remaining limits as respects thoseperils insured under this policy. In such event, the applicable amount of the deductibles provision of the primary policy as set forth herein shall apply to the combination of all policies. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ENDORSEMENT B NAMED INSURED ENDORSEMENT This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Las Animas 2 Archuleta 27 Lincoln 3 Baca 28 Logan 4 Bent 29 Mineral 5 Chaffee 30 Moffat 6 Cheyenne 31 Montezuma 7 Clear Creek 32 Montrose 8 Conejos 33 Morgan 9 Crowley 34 Otero 10 Custer 35 Ouray 11 Delta 36 Park 12 Dolores 37 Phillips 13 Elbert 38 Prowers 14 Fremont 39 Pueblo 15 Garfield 40 Rio Blanco 16 Gilpin 41 Rio Grande 17 Grand 42 Routt 18 Gunnison 43 Saguache 19 Hinsdale 44 San Juan 20 Huerfano 45 San Miguel 21 Jackson 46 Sedgwick 22 Kiowa 47 Summit 23 Kit Carson 48 Teller 24 La Plata 49 Washington 25 Lake 50 Yuma Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ENDORSEMENT C JOINT LOSS CLAUSE This endorsement, effective 12:01 AM January 1, 2023 Forms a part of Policy No: 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 Equipment Breakdown Insurance Policy is similarly endorsed, and it may be cancelled by the Company on 90 days' written notice to the Insured. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting GENERAL AMENDATORY ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 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; 10. Evidence of debt; 11. 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: 11. 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; Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEFINITION OF LOSS OCCURRENCE ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ADDITIONAL POLICY CONDITIONS ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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. It is understood and agreed that the following provisions supersede any term, condition, provision or endorsement found elsewhere in the coverage form that is in conflict herewith, and that the following provisions will apply notwithstanding any such contrary term, provision or endorsement. LENDERS AND MORTGAGEES The Lender Loss Payable clause, Mortgageholder clause, or any clause whereby a lender or mortgagee is granted rights and privileges under this Policy, if any, shall not apply to any lender or mortgagee unless such lender or mortgagee is identified by endorsement to this Policy prior to the date of loss. LAW IN FORCE AT TIME OF LOSS If the coverage form provides coverage for Demolition and Increased Cost of Construction, Ordinance or Law, or any other coverage for loss arising out of the enforcement of any law, this Policy shall only provide such coverage as respects a law, ordinance, or regulation that was in force at the time of loss. NO WAIVER Any Full Waiver clause, Waiver of Conditions clause, or any clause whereby the Company is deemed to waive, or whereby the coverage form purports to void or alter the force, effect or meaning of, the Company's forms or endorsements issued as part of this Policy is hereby deleted. SUIT AGAINST THE COMPANY No suit, action, or proceeding for the recovery of any claim under this Policy will be sustainable in any court unless the Insured has fully complied with all the provisions of this Policy and legal action is started within twenty- four (24) consecutive calendar months after inception of the loss. If, under the applicable insurance laws, such 24 -month limitation is invalid, then any such legal action must be started within the shortest limit of time permitted by such laws. LOSS PAYABLE Loss, if any, will be adjusted with and payable to the First Named Insured or as may be directed by the First Named Insured. Additional insured interests will also be included in loss payment as their interest may appear when named as additional named insured, lender, mortgagee and/or loss payee in endorsements to this Policy. ABANDONMENT There can be no abandonment of any property to the Company. LIBERALIZATION Any liberalization clause found in the coverage form, or any clause of the coverage form whereby the terms and conditions of this Policy are deemed automatically revised in conformity with any change in the coverage form, is hereby deleted. All other terms and conditions remain unchanged Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting NUCLEAR, BIOLOGICAL, CHEMICAL, RADIOLOGICAL EXCLUSION ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 nuclear detonation, reaction, nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such nuclear detonation, reaction, nuclear radiation or radioactive contamination may have been caused. This exclusion replaces any other nuclear detonation, nuclear reaction, nuclear radiation or radioactive contamination exclusions found elsewhere in this Policy. B. C. Loss or damage arising directly or indirectly from the dispersal, application or release of, or exposure to, chemical, radiological, or biological materials or agents, all whether controlled or uncontrolled, or due to any act or condition incident to any of the foregoing, whether such loss be direct or indirect, proximate or remote, or be in whole or in part caused by, contributed to, or aggravated by, any physical loss or damage insured against by this Policy or Coverage Part, however such dispersal, application, release or exposure may have been caused. If this endorsement is attached to a Commercial Inland Marine Policy or Coverage Part, the term loss or damage is changed to Loss Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting ASBESTOS MATERIAL EXCLUSION (Named Peril Exception) Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 exclusion is added to this policy; supersedes any term, provision or endorsement to the contrary in this policy; and applies notwithstanding such term, provision or endorsement: A. This policy excludes loss or damage to asbestos, asbestos -containing product, or asbestos - containing material. B This policy does not provide insurance against any loss, damage, cost, expense, fine or penalty resulting from or arising out of: 1. remediation of any kind, including but not limited to removal or modification, of any asbestos, asbestos- containing product, or asbestos -containing material from a building or structure of any kind, whether damaged or undamaged, and regardless of the reason such removal is undertaken, whether voluntary or compelled by government directive; or 2 the demolition or increased cost of reconstruction of property, the repair of property, the removal of debris, or the loss of use of property when caused by, arising out of, or undertaken due to the enforcement of any law, regulation, rule or ordinance that in any manner regulates asbestos, asbestos -containing product, or asbestos -containing material, except to the extent that coverage is provided by the Demolition and Increased Cost of Construction Additional Coverage; or 3 any fault in the design, manufacture, or installation of asbestos, asbestos -containing product, or asbestos- containing material. C. Notwithstanding the exclusions set forth above, this Policy covers direct physical loss or damage to asbestos, asbestos -containing product, and asbestos -containing material which is physically incorporated into an insured building or structure, including the necessary costs to remove or remediate such damaged asbestos, but only when such damage occurring during the policy period is directly and solely caused by the following perils, and then only that part of such asbestos which incurs direct physical loss or damage: fire, lightning, explosion, windstorm, hail, smoke, aircraft or vehicle impact, riot or civil commotion, vandalism, malicious mischief or accidental discharge of fire protective equipment. All other terms and conditions remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PERMISSION FOR EXCESS INSURANCE Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance Company) London 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 In consideration of the rate and premium for which this policy is written, the following additional provisions are hereby made a part of this policy superseding any provisions to the contrary: 1. EXCESS INSURANCE: Permission is hereby granted to purchase insurance in excess of the Limit of Liability stated in this policy. Such excess insurance shall not be considered other insurance for the purposes of the Other Insurance clause. 2. SALVAGE AND RECOVERIES: This clause is amended to include the following: When, in connection with any loss hereunder, any salvage or recovery is received subsequent to the payment of such loss, the loss shall be figured on the basis on which it would have been settled had the amount of salvage or recovery been known at the time the loss was originally determined. Any amount thus 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 between the interests concerned in the ratio of their respective recoveries as finally settled. If there should be no recovery and proceedings are conducted solely by this Company, the expense thereof shall be borne by this Company. All other terms and conditions of the policy remain unchanged. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting PROPERTY CYBER AND DATA ENDORSEMENT Named Colorado Insured Counties Casualty and Property Pool Endorsement Number Policy Symbol FS Policy Number PW0330024 Policy 1/1/2024 Period to 1/1/2025 Effective Date of Endorsement Issued Lloyds By (Name of of Insurance London Company) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 1.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Galla' her MARKET REFORM CONTRACT UMR: B1262PW0330024 Ins trance Risk Management I Consuiting 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). Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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. P lease read this Notice carefully. The Office of Foreign Assets Control (OFAC) administers and enforces sanctions policy, based on P residential 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. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 by making use of Merchandise, Stock (Raw, In Process or Finished), or any other property at the Insured's locations or elsewhere, and/or b) 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1 In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting SANCTION LIMITATION AND EXCLUSION CLAUSE N o (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 U nited Nations resolutions or the trade or economic sanctions, laws or regulations of the European U nion, United Kingdom or United States of America. LMA3100 15 September2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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. NMA2918 08/10/2001 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting SECTION VIII - SUPPLEMENTAL CLAUSES N otwithstanding anything to the contrary contained herein, it is understood and agreed that this insurance is subject to the following clauses which are attached hereto:- N o.1: WEH Asbestos Endorsement (1994) - 518ARM00210 N o.2; Service of Suit Clause (U.S.A.) - LMA5020 N o.3: Biological or Chemical Materials Exclusion - NMA2962 N o.4: Radioactive Contamination Exclusion Clause - Physical Damage - Direct (U.S.A.) - NMA1191 N o.5: War and Terrorism Exclusion Endorsement - NMA2918 N o.6: U.S. Terrorism Risk Insurance Act Of 2002 as Amended Not Purchased Clause 5390 N o.7: Fraudulent Conduct and Misrepresentation Clause - LMA5120 N o.8: Application of Sublimits Endorsement — LMA5130 N o. 9 Sanction Limitation and Exclusion Clause — LMA3100 N o. 10: Inadvertent Errors and Omissions Clause N o. 11: Extension of Coverage — Miscellaneous Unnamed Location N o. 12. Off Premises Utilities' Services Clause (Business Interruption) - LMA5041 (amended). N o. 13: Ingress/Egress Extension (Business Interruption) N o. 14: Civil or Military Authority Extension (Business Interruption) - LMA5161 N o. 15: Business Interruption Extension - LMA5039 (amended) N o. 16: Property Cyber and Data Endorsement — LMA 5400 N o. 17: Communicable Disease Endorsement — LMA 5393 N o.18: Debris Removal Endorsement — LMA 2343 N o. 19: Territorial Exclusion: Russia, Ukraine and Belarus - LMA5583B Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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 Lloyd's America, Inc., Attention: Legal Department, 280 Park Avenue, East Tower, 25th Floor, New York, NY 10017, 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. LMA5020 N o.3 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2962 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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. N MA1191 N o. 5 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED 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 N MA2918 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk management I Consulting 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. LMA5390 09 January 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 19 November 2008 No. 8 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED APPLICATION OF SUBLIMITS 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting N o. 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 N o. 10 INADVERTENT ERRORS AND OMISSIONS CLAUSE The property insured under this policy is based on property as per Schedule of Values on file with U nderwriters, 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 518AJ G 00209 N o. 11 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management I Consulting 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. 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 12 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 No. 13 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 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 wnsurance Risk Management I Consulting No. 14 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 28 consecutive days. LMA5161 15 December 2010 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No. 15 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. Extended Period of Indemnity: The period described above shall include such length of time, not to exceed one hundred and eighty (180) days, to restore the Insured's business to the condition that would have existed had no Direct Physical Loss or Damage occurred commencing with the later of the following dates: i) The date on which the liability of the Underwriters for Direct Physical Loss or Damage would otherwise terminate; and ii) The date on which the repair, rebuilding or replacement of such part of the property as has been destroyed or damaged is actually completed. Due consideration shall be given to the continuation of normal charges and expenses, including payroll expenses (but limited to ninety (90) days in respect of Ordinary Payroll), to the extent necessary to resume operations of the Insured with the same operational capability as existed immediately before the Direct Physical Loss or Damage. 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. 3. Resumption of Operations Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting 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 Sublimit stated in the Policy, or b) the Policy Limit of Liability stated in the Policy, where such includes Business Interruption, if such is a combined limit, Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 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, f) materials and supplies consumed directly in supplying the service(s) sold by the Insured, 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. In determining Gross Earnings due consideration shall be given to the experience of the business before the date of Direct Physical Loss or Damage and the probable experience thereafter had Direct Physical Loss or Damage not occurred. 2. Raw Stock Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG lam) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk management I Consulting 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 Direct Physical Loss or Damage occurred. 7 Ordinary Payroll The entire payroll expense for all employees of the Insured except officers, executives, department managers, and other employees under contract. LMA5039 (Amended) 14/12/2005 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 16 PROPERTY CYBER AND DATA ENDORSEMENT 1 Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1 Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3 regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3 Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4 In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5 This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. Definitions 6 Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7 Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8 Cyber Incident means: Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 n j.iilce Risk Management Consulting 8.1 any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2 any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9 Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility, owned or operated by the Insured or any other party. 10 Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11 Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 17 COMMUNICABLE DISEASE ENDORSEMENT (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. fora Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease. 3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder. 4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same. LMA5393 25 March 2020 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting No. 18 DEBRIS REMOVAL ENDORSEMENT THIS ENDORSEMENT CONTAINS PROVISIONS WHICH MAY LIMIT OR PREVENT RECOVERY UNDER THIS POLICY FOR LOSS WHERE COSTS OR EXPENSES FOR DEBRIS REMOVAL ARE INCURRED. Nothing contained in this Endorsement shall override any Seepage and/or Pollution and/or Contamination Exclusion or any Radioactive Contamination Exclusion or any other Exclusion applicable to this Policy. Any provision within this Policy (or within any other Endorsement which forms part of this Policy) which insures debris removal is cancelled and replaced by the following: 1. In the event of direct physical damage to or destruction of property, for which Underwriters hereon agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay (hereinafter referred to as 'Damage or Destruction'), this Policy also insures, within the sum insured, subject to the limitations and method of calculation below, and to all the other terms and conditions of the Policy, costs or expenses; (a) which are reasonably and necessarily incurred by the Assured in the removal, from the premises of the Assured at which the Damage or Destruction occurred, of debris which results from the Damage or Destruction; and (b) of which the Assured becomes aware and advises the amount thereof to Underwriters hereon within one year of the commencement of such Damage or Destruction. 2. In calculating the amount, if any, payable under this Policy for loss where costs or expenses for removal of debris are incurred by the Assured (subject to the limitations in paragraph 1 above): (a) the maximum amount of such costs or expenses that can be included in the method of calculation set out in (b) below shall be the greater of USD 25,000 (twenty-five thousand dollars) or 10% (ten percent) of the amount of the Damage or Destruction from which such costs or expenses result; and (b) the amount of such costs or expenses as limited in (a) above shall be added to: (i) the amount of the Damage or Destruction; and (ii) all other amounts of loss, which arise as a result of the same occurrence, and for which Underwriters hereon also agree to pay, or which but for the application of a deductible or underlying amount they would agree to pay; and the resulting sum shall be the amount to which any deductible or underlying amount to which this Policy is subject and the limit (or applicable sub -limit) of this Policy, shall be applied. N MA2343 24/11/1988 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 Insurance Risk Management Consulting No.19 TERRITORIAL EXCLUSION: RUSSIA, UKRAINE AND BELARUS Notwithstanding anything to the contrary in this Policy, this Policy excludes any loss, damage, liability, cost or expense of whatsoever nature, directly or indirectly arising from or in respect of any: i. entity domiciled, resident, located, incorporated, registered or established in an Excluded Territory; ii. property or asset located in an Excluded Territory; iii. individual that is physically in an Excluded Territory; iv. claim, action, suit or enforcement proceeding brought or maintained in an Excluded Territory; v payment in an Excluded Territory. This exclusion will not apply to any coverage or benefit required to be provided by the insurer by law or regulation applicable to that insurer, however, the terms of any sanctions clause will prevail. For purposes of this exclusion, "Excluded Territory" means: Belarus (Republic of Belarus); and Russian Federation; and Ukraine (including any disputed regions of Ukraine and including the Crimean Peninsula) All other terms, conditions and exclusions remain unchanged. LMA5583B 8 March 2023 Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. 1262 AJG Ian) Gallagher MARKET REFORM CONTRACT UMR: R: B1262PW0330024 PW0330024 insurance Risk Management Consulting 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, 2027, 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 80% OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE PAID BY THE INSURER(S) P ROVIDING THE COVERAGE. YOU SHOULD ALSO KNOW THAT THE TERRORISM RISK INSURANCE ACT, AS AMENDED, CONTAINS A USD 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 USD 100 BILLION. IF THE AGGREGATE INSURED LOSSES FOR ALL INSURERS EXCEED U SD 100 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 USD hereby elect to purchase coverage for acts of terrorism for a prospective premium of I understand hereby elect that to I will have coverage have no coverage for acts for of losses terrorism arising excluded from acts of from my terrorism. policy. I Policyholder/Applicant's Signature P rint Name Date LMA9184 09 January 2020 Syndicate on behalf of certain underwriters at Lloyd's Policy Number Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 1193013. www.AJG.com/UK ©2021 Arthur J. Gallagher & Co. All rights reserved. Policy Number: (UMR) B1262PW0330024 SECURITY DETAILS REFERENCES UMR (Unique Market Reference): B1262PW0330024 Date contract printed to PDF: 11:08 20 December 2023 SIGNED UNDERWRITERS Beazley Syndicates AFB 15% Written 14.5% Signed beazley AFB a12623I0623 J W V 2 0 F 2 4 A N F F P25M P2 Slip Leader 16:42 15 December 2023 Lloyd's Underwriter Syndicate No. AFB 2623 (82.21%) / AFB 623 (17.79%), London, England Katie Hunter Bound Subjectivities Please endorse premium for order Deadline Please endorse 2nd Lloyd's syndicate Deadline Status Agreed Status Agreed Endorsement C Joint Loss Clause complete `Policy No.' and 'By' - please endorse Deadline Blenheim Underwriting Limited 4% Written 3% Signed Blenheim SY NDICATC 5BB5i Status Agreed g�WBC v1 5886 D 2 4 A 80 6 OIA 0 0 1 SJA P2 09:54 18 December 2023 Lloyd's Underwriter Syndicate No. 5886 WBC, London, England Simon Anthony Bound Market Submission - Security Details Page 1 of 3 11:08 20 December 2023 Policy Number: (UMR) B1262PW0330024 Lloyd's Insurance Company S.A. Written 5% Signed 5% 5% Written 5% Signed Lloyd's Insurance Company S.A. k * HDU 5303 N T I A EIE 3 61 6 C X P2 09:02 18 December 2023 Lloyd's Insurance Company S.A. HDU 5303; Reinsured by Lloyd's syndicate HDU 382 a) Reece Ballard Bound HCC International Insurance Company PLC 6% Written 6% Signed TO KI O MARINE HCC XIS LIRMA H5100 P 2 4 E 02 3 OIA 0 0 1 DM - primary 20:20 18 December 2023 Houston Casualty Company (UK Branch of 42374), LIRMA H5100 David Mansell Bound Unicorn Underwriting Limited 1.5% Written 1.5% Signed UNDERWRITING 1 0 0 7 6 4 0 3 7 P M L 12:26 11 December 2023 Unicorn WWP Limited binding on behalf of Aviva Insurance Limited B123022UWP1400 Property 2022 - (100%). All claims to be notified direct to Aviva. Lewis Jones Bound Market Submission - Security Details Page 2 of 3 11:08 20 December 2023 Policy Number: (UMR) B1262PW0330024 SETTLEMENT INFORMATION Terms of Settlement Settlement Due Date: 29 February 2024 Instalment Premium Period of Credit: 0 Adjustment Premium Period of Credit: 0 Beazley Syndicates AFB Non -Bureau Leader Katie Hunter Market Submission - Security Details Page 3 of 3 11:08 20 December 2023 StarStone Port of the Core Specialty Group StarStone Specialty Insurance Company Company Address: Harborside 5 185 Hudson Street, Suite 2600 Jersey City, NJ 07311 (201) 743-7700 www.corespecialty.com To Report a Claim: Contact the Company at (201) 743-7700 or send an email to: claims@corespecialty.com To File a Complaint Contact your Insurance Agent, or Contact the Company at (201) 743-7700 or Contact your State Director of Insurance CSI-CPN-201-0720 Page 1 of 1 SURPLUS LINES POLICYHOLDER NOTIFICATION STATE OF COLORADO 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. CSI-CSN-806-0122 StarStone Port of the Core Specialty Group 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 -$3,150.00 STARSTONE SPECIALTY INSURANCE CO. FOLLOW FORM GENERAL PROPERTY DECLARATIONS This Declaration Page is attached to and forms part of the Policy as defined herein. Policy Number: Q87959241CSP Renewal Of: Q87959230CSP POLICY PERIOD: Effective Date: 1/1/2024 Expiration Date: 1/1/2025 (12:01 A.M. Standard Time at the address of the Named Insured as stated herein) Named Insured and Mailing Address: Producer Named and Address: 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com Colorado Counties Casualty and Property Pool 800 Grant Street, Suite 400 Denver, CO 80203 Paul Martin CRC Insurance Services - Birmingham, AL One Metroplex Drive Birmingham, AL 35209 Description of Operations: Municipality Property Insurance In return for the payment of the premium, and subject to all the terms of this policy, we agree to provide you with the insurance as stated in this policy. PREMIUM and FEES: This policy consists of the following coverage for which premium is indicated. This premium may be subject to adjustment: Commercial Property Coverage: TRIA: Inspection Fee: $105,000.00 Rejected N/A TOTAL: $105,000.00 Minimum Earned Premium: 35% Forms and Endorsements: See attached Schedule of Forms and Endorsements, CSI-CPN-202-0720 CSI -C P D-102-0622 Page 1 of 2 StarStone Port of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com Primary Insurance Company: Name of Insurer: Lloyds & Companies Policy Number: PW0330024 Limit of Liability: $25,000,000 Issuing Company: Total Insured Values: Perils Insured: Property Covered: Total Limit of Liability applicable to this policy: StarStone Specialty Insurance Company $3,594,034,945 per schedule on file with the Company All Risk of direct physical loss or damage including Flood and Earthquake, but excluding Equipment Breakdown as defined in Primary Policy Real and Personal Property Business Interruption — Gross Earnings/Extra Expense And as more fully defined in the policy form as defined in Primary Policy $3,750,000 (15.00%) part of $25,000,000 in excess of $25,000,000 per occurrence except; Annual Aggregate Limit for Flood and Earthquake as well as other applicable sublimits as shown in Addendum A THESE DECLARATIONS, ALL INFORMATION AND MATERIALS MADE AVAILABLE BY OR ON BEHALF OF THE INSUREDS DURING THE UNDERWRITING PROCESS FOR THIS POLICY OR OTHERWISE INCLUDED WITHIN THE DEFINITION OF APPLICATION IN THE FOLLOWED POLICY, AND THIS POLICY FORM INCLUDING ATTACHED ENDORSEMENTS CONSTITUTE THE INSURANCE POLICY. ("Policy") 4/24/2024 joic7L Date of Issuance President, Joseph E Consolino Authorized Representative, Robert Kuzloski CSI -C P D-102-0622 Page 2 of 2 StarStone Part of the Core Specialty Group FORMS AND ENDORSEMENTS SCHEDULE The following Parts all attach to and form a part of this policy. FORM NUMBER FORM NAME CSI-CPN-201-0720 Cover Page CSI-CSN-806-0122 Surplus Lines Policyholder Notification Colorado CSI-CPD-102-0622 Excess Follow Form Declarations CSI-CPN-202-0720 Forms and Endorsement Schedule CSI-CPN-203-0720 Policy Holder Notification — Fraud Notice CSI-CPN-204-0720 Policy Holder Notification — OFAC CSI-CPN-205-0622 Notice of Claims Reporting CSI-CPN-206-0720 Notice of Privacy Policies and Practices CSI-CPF-700-0622 StarStone Excess Follow Form CSI-CPE-003-0622 Asbestos Coverage Endorsement CSI-CPE-004-0622 Mold, Mildew, and Fungi Exclusion Endorsement CSI-CPE-005-0622 Pollution Endorsement (Sublimited) CSI-CPE-006-0622 Minimum Earned and Wind Minimum Earned Premium Endorsement CSI-CPE-007-0622 Equipment Breakdown Exclusion Endorsement CSI-CPE-010-0622 Terrorism Exclusion Endorsement CSI-CPE-032-0622 Exclusion of Loss Due to Virus and other Microorganisms CSI-CPE-033-0622 Nuclear, Biological, Chemical, and Radiological Exclusion Endorsement CSI-CPE-034-0622 War and Warlike Action Exclusion Endorsement CSI-CPE-035-0622 Cyber, Electronic Data and Systems Exclusion Endorsement CSI-CPE-037-0622 Service of Suit CSI-CPE-038-0622 Joint Loss Agreement CSI-CPE-048-0622 Several Liability Endorsement CSI-CPE-054-0622 Pre -Existing Damage Exclusion Endorsement CSI-CPE-039-0622 TRIA Rejection Endorsement CSI-CPN-202-0720 Page I. of 1 StarStone Part of the Core Specialty Group POLICYHOLDER NOTIFICATION FRAUD NOTICE Arkansas Any benefit of a person or crime who knowingly and may knowingly be presents subject presents false to fines a information false and confinement or fraudulent in an application in claim prison. for for payment of insurance a is loss guilty or Colorado It information defraud and knowingly policyholder policyholder proceeds Department is civil unlawful the damages. shall to company. provides or or of to an claimant claimant Regulatory be insurance knowingly Any reported false, Penalties insurance for with Agencies. company incomplete, the regard to provide may purpose the company include to for false, the of a settlement Colorado imprisonment, or defrauding purpose or misleading incomplete, agent Division or of of award defrauding an or fines, insurance facts attempting of or payable or Insurance misleading denial information or company to from attempting of defraud insurance, within facts insurance who to the the or to a District of Columbia WARNING: purpose and/or materially was provided fines. of related It defrauding is a In by addition, the crime to a applicant. the claim to provide insurer an insurer or false or any other may deny misleading person. insurance information Penalties benefits to include if an false insurer imprisonment information for the Florida is Any files misleading guilty person a statement of information a who felony knowingly of claim of the or third and an application degree. with intent to injure, containing defraud, any false, or deceive incomplete, any insurer or Kansas insurance A with belief thereof, of, for any concerning "fraudulent or payment intent fact that the any to it rating which material any insurance defraud, will written or of other fact be such an thereto; presented statement material insurance benefit person act" presents, or means pursuant thereto. to as knows conceals, causes or policy part an by an of, to to act for contain to insurer, or an committed personal for be in insurance the presented support purported materially purpose or by of, commercial policy any or an prepares insurer, false of person application for commercial information misleading, insurance, who, broker with for knowingly knowledge or the information or concerning any or issuance personal a agent claim and or Kentucky insurance Any person conceals, thereto person files commits who an for act, the application which knowingly a purpose fraudulent is a crime. for and of with insurance misleading, intent to containing information defraud any any insurance materially concerning false company information any fact or material other or Louisiana Any benefit of may a person or crime be subject who knowingly and to knowingly fines presents and presents false confinement a information false in or prison. fraudulent in an application claim for for payment insurance of a loss is guilty or Maine It insurance imprisonment, or is denial a crime company of to insurance knowingly fines, for benefits. the provide purpose false, of defrauding incomplete the or misleading company. information Penalties may to include an Maryland Any of application in a prison. person loss or for who benefit insurance knowingly or is who and guilty willfully knowingly of a crime presents or willfully and may a false be or presents subject fraudulent to false fines claim information and confinement for payment in an CSI-CPN-203-0720 Page 1of3 StarStone Part of the Core Specialty Group New Jersey Any insurance policy person is subject who includes to criminal any and false civil or misleading penalties. information on an application for an New Mexico ANY PAYMENT APPLICATION FINES PENALTIES. PERSON AND OF CRIMINAL A FOR WHO LOSS INSURANCE KNOWINGLY OR BENEFIT OR IS GUILTY PRESENTS KNOWINGLY OF A A CRIME FALSE PRESENTS AND OR FRAUDULENT FALSE MAY INFORMATION BE SUBJECT CLAIM TO IN FOR CIVIL AN New York General: Any person person false fact be the All makes report enforcement commits penalty stated Fire: other conceals thereto, The these and circumstances subject applications material claim proposed information, Any that applications of claim person who files or not a commits All for the person for to knowingly fraudulent an to for any applications knowingly thereto, a each theft, agency, exceed files the application insured shall civil for each willful or such who purpose a shall automobile penalty destruction, an fraudulent be conceals assists, violation. commits insurance five knowingly violation. the application affirms grounds and constitute concealment for thousand for department not of commercial with insurance for abets, insurance a insurance that the fraudulent to misleading, to damage act, and intent exceed a rescind dollars for the purpose solicits part which with insurance or or of foregoing to and act, of the insurance, statement insurance five or or motor is and intent information any misrepresentation defraud conversion of thousand all a which insurance conspires crime, the policy misleading, claim vehicles value to containing information defraud is other any of act, a issued forms: and claim dollars of of concerning crime. policy. insurance which with shall the than information any or Any any any whether containing is another an also subject is of and motor insurance automobile person a insurance false true crime, a company the be any attached material concerning stated to vehicle subject motor information, and who any fact and make company agrees knowingly company, vehicle insurance: materially shall or value to to material or fact a other a a not also false law civil that any of or or or or Ohio Any an statement of insurer, insurance person who, submits is guilty fraud. with an intent application to defraud or files or a knowing claim that containing he is facilitating a false or deceptive a fraud against Oklahoma WARNING: insurer, incomplete makes Any any or misleading person claim who for information knowingly, the proceeds and is guilty of with an of intent insurance a felony. to injure, policy defraud containing or deceive any false, any Oregon insurance Any Prison. to penalties. person The fraudulent may who be knowingly aforementioned guilty of insurance and insurance willfully actions act fraud presents which and may may subject false information constitute be a crime to fines and and in may an confinement a subject application the in for person Pennsylvania information All who an material person Commercial application knowingly to thereto or criminal conceals Insurance, and for commits and with insurance civil intent for a penalties. Except the fraudulent or to purpose statement As defraud Provided of insurance any misleading, of for insurance claim act, Automobile containing information which company is a Insurance: crime or other any concerning and materially subjects Any person any person files false fact such CSI-CPN-203-0720 Page 2of3 StarStone Part of the Core Specialty Group Automobile any information and insurer the payment files Insurance: shall, an upon of application a fine Any conviction, of person or claim up to $15,000. who be containing subject knowingly to imprisonment any and with false, intent incomplete for to up injure or or misleading to seven defraud years Puerto Rico information imprisonment Any of than shall ($5,000) [be] years, two a person fraudulent one be present, (2) sanctioned if extenuating years. claim and who in the an not for claim for insurance three penalty knowingly the for more for circumstances same each the than (3) thus application, years, payment damage violation and ten established or thousand with or both are of by loss, the or a present, a penalties. presents, loss may intention shall fine dollars or of be any incur not Should increased it may helps, ($10,000), other less of a be felony defrauding than or benefit, aggravating to reduced causes a and, five or maximum the or upon thousand a to presents presents fixed circumstances a presentation conviction, minimum of term five dollars false more of (5) of Rhode Island Any benefit of may a person or crime be subject who knowingly and to knowingly fines presents and presents false confinement a information false in or prison. fraudulent in an application claim for for payment insurance of a is loss guilty or Tennessee information All to knowingly company fines Workers' misleading committing fraud. Commercial and Penalties for denial provide Compensation: to the Insurance, any include purpose of false, insurance party incomplete of It to imprisonment, Except defrauding is a benefits. workers' a As crime or Provided compensation misleading the fines to company. knowingly and for denial Workers' information transaction Penalties provide of insurance Compensation to false, include an for insurance the benefits. imprisonment, incomplete purpose It is a crime or of Utah Workers' underwriting disability billing subject prison. for compensation to Compensation: information, health fines care and fees confinement Any or files medical or other person or causes in who benefits, professional state to knowingly be or filed submits services a presents false a is or false guilty false fraudulent or of fraudulent or a crime fraudulent claim report and for may or be Virginia It insurance is company fines a crime and for denial to the knowingly of purpose insurance provide of defrauding benefits. false, incomplete the company. or misleading Penalties information include imprisonment, to an Washington It insurance is company fines a crime and for denial to the knowingly of purpose insurance provide of defrauding benefits. false, incomplete the company. or misleading Penalties information include imprisonment, to an West Virginia Any benefit or crime knowingly person and who may presents be knowingly subject false to presents information fines a and false confinement in or an application fraudulent in prison. claim for for insurance payment is guilty of a of loss or a All Other States insurance Any prison. person who may be knowingly guilty of and insurance willfully fraud presents and false subject information to fines and in an confinement application in for CSI-CPN-203-0720 Page 3of3 StarStone Port of the Core Specialty Group POLICY HOLDER NOTIFICATION 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 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. CSI-CPN-204-0720 Page 1 of 1 StarStone Port of the Core Specialty Group NOTICE OF CLAIMS REPORTING PROCEDURES THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. All claims should be reported per the below: Email: newpropertyclaims(a�corespecialty. com Or Phone: (201) 743-7700 Please have the following information available: 1. Insured Name 2. Policy Number 3. Date of Loss 4. Location of Loss 5. Detailed description of the loss event Any questions, please do not hesitate to contact Jerry Kissner, Head of Property Claims at 331-223-2962 (Gerald.kissner@?corespecialtv.com) or Dan Anstedt, AVP Technical Claims at 331-228-0116 (Daniel.anstedt@≥corespecialtv.com) All other terms and conditions of this Policy remain unchanged. CSI-CPN-205-0622 Page 1 of 1 StarStone Part of the Core Specialty Group NOTICE OF OUR PRIVACY POLICIES AND PRACTICES This Notice has been prepared to inform you that we do not disclose and we reserve no right to disclose to our affiliates or to nonaffiliated third parties, your nonpublic personal information, which we collect and maintain except with your permission or as permitted by law. Information we collect and maintain: We collect nonpublic personal information about you from the following sources: • Information we receive from you on applications, at your request or otherwise; • Information we obtain from your transactions with us, our affiliates or others; • Information we receive from consumer -reporting agencies. Information we may disclose: We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. How we protect information: Except as otherwise described in this Notice, we restrict access to your nonpublic personal information to our employees who need to know to provide our products and services to you and as permitted by law. We maintain physical, electronic, and procedural safeguards that comply with applicable legal requirements to guard your nonpublic personal information. We have installed usernames, passwords and other safety features on our web applications to help ensure that the information you provide remains safe and secure. Changes to this Notice: We may amend our privacy policies and practices at any time, and we will inform you of any material changes as required by law. YOU DO NOT NEED TO DO ANYTHING IN RESPONSE TO THIS NOTICE THIS NOTICE IS MERELY TO INFORM YOU ABOUT OUR PRIVACY POLICIES AND PRACTICES CSI-CPN-206-0720 Page 1 of 1 StarStone IIE Part of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com StarStone Commercial Property Excess Follow Form Addendum A The Sublimits of Liability stated in this Policy are part of and not in addition to the Policy Limit. The Sublimits of Liability are: (1) the maximum amount the Company will pay for all covered loss or damage arising out of the specific perils or coverages and/or (2) the maximum number of days for a specific coverage, regardless of the number of Insured Locations, coverages or Covered Causes of Loss under this Policy. The following Sublimits of Liability represent 100% of the coverage purchased by the Insured for the Program set forth below and the Company's share of each Sublimit of Liability shall be determined by applying the Participation as shown on the Declarations page "StarStone Specialty Insurance Company Proportionate Share". The Sublimits of Liability stated in this Policy are per Occurrence unless otherwise indicated. Regardless of the number of Occurrences, any Annual Aggregate in this Policy is the maximum amount payable for all covered loss or damage for the applicable coverage or Covered Cause of Loss. U SD 50,000,000 In the aggregate annually as respects Earthquake Loss U SD 5,000,000 In the aggregate as respects any Flood loss in Zones A, AO, AE, AH, A1-30, A99, AR U SD 50,000,000 In the Aggregate as respects all other Flood loss U SD 50,000,000 In the aggregate annually for all Flood losses combined U SD 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 U SD 250,000 Accounts Receivable U SD 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 U SD 8,071,695 Builders risks, renovations, repairs made by the Insured at any location (including new locations with total contract cost under $8,071,695) within the territorial limits of the policy, any one occurrence in respect of the Following location only: Ouray County Builders Risk Project - 541 4TH, OURAY, CO 81427 U SD 1,000,000 Builders Risk Soft Costs/ Additional Expenses per Company Endorsement U SD 50,000 Unscheduled Locations U SD 500,000 Business Interruption with 90 Day Ordinary Payroll Limitation; and 180 Days Extended Period of Indemnity U SD 250,000 Civil Authority — 4 Weeks Maximum U SD 250,000 Ingress/Egress — 4 Weeks Maximum U SD 1,000,000 Unnamed Location, any one occurrence. U SD 100,000 Personal Property of Employees at a described location U SD 50,000 Personal Property of Others while on the Insured's property U SD 10,000,000 Ordinance or Law U SD 10,000,000 Extra Expense U SD 1,000,000 Expediting Expense U SD 1,000,000 Property in Transit U SD 10,000,000 Contractors' Equipment subject to maximum USD 1,500,000 per item U SD 5,000,000 Fine Arts subject to maximum USD 500,000 per item U SD 1,000,000 Fire Fighting Materials U SD 250,000 Furs, Jewelry, Precious Stones and Metals not used for industrial purposes U SD 250,000 Loss Adjustment Expenses/Professional Services U SD 10,000,000 Service Interruption subject to 24 hour waiting period and 5 mile distance limitation CSI-CPF-700-0622 Page of 6 StarStone IIE Part of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com U SD 1,000,000 Errors or Omissions U SD 1,000,000 Vehicle Physical Damage — Over the Road U SD 25,000 in the Annual Aggregate Pollution Clean Up and Removal, each County listed as a U amed Insured subject to a USD 1,500,000 Annual Aggregate for all U SD 100,000 Limited Mold/Fungi/Wet & Dry Rot - Terms per Company Endorsement U SD 100,000 Trees and Shrubs U SD 10,000,000 Valuable Papers CSI-CPF-700-0622 Page 2 of 6 StarStone IIE Part of the Core Specialty Group EXCESS PHYSICAL DAMAGE FORM A. EXCESS INSURING AGREEMENT 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com Subject to the limitations, terms and conditions contained in this policy or endorsed hereto, the Company agrees to indemnify our share of the excess loss or damage in any one occurrence hereunder up to the amount as shown in the Total Limit of Liability applicable to this policy section of the Excess Follow Form General Property Declarations for the Coverage Provided and Perils shown in the Perils Insured section on the Excess Follow Form General Property Declarations but only after the primary insurance and underlying excess of loss insurance has paid or agreed to pay the full amount of their respective loss. We agree to follow the Primary Company's coverage form, however, if and when there are any differences between the primary insurance and this excess insurance, the provisions of this insurance apply. B. LIMIT OF LIABILITY The Company shall be liable to pay our share of loss up to the full amount of the Limit of Liability and Annual Aggregate, if any, shown on the Excess Follow Form General Property Declarations of this policy. The liability of the Company will not exceed this limit or amount irrespective of the number of locations involved. The maximum recovery in any one occurrence for any coverage(s), additional or extension of coverage(s), cause of loss, or perils subject to a sublimit, shall be that sublimit provided by the primary and or underlying excess policies and in no event shall the Company be liable for any amount of loss or damage over the sublimit within the primary and or underlying excess policies for the coverage(s), additional or extension of coverage, cause of loss or perils to which that sublimit applies. C. MAINTENANCE OF UNDERLYING The policies and Limits of Liability of the Primary and Underlying Excess Insurance shall be maintained in full force and effect during the term of this insurance. If not, or if there is a change in the coverage of such primary or underlying, this insurance shall apply in the same manner as though such policies had been so maintained and unchanged. D. DEFINITIONS a) Occurrence shall mean the sum of all losses caused by direct physical loss or damage to property insured hereunder directly occasioned by any one disaster, casualty, or series of losses , disasters, or casualties arising out of one event, irrespective of the number of locations involved, which occurs within the policy period and territory. The duration of any one loss occurrence will be limited to all loss sustained during any consecutive period of 168 hours from and by the same event except: Any one loss occurrence as respects windstorm, hail, tornado, hurricane, named storm, and cyclone including ensuing collapse and water damage will be limited to 168 consecutive hours. ii. Any one loss occurrence as respects riot, riot attending strike, civil commotion, looting, theft, vandalism, and malicious mischief, will be limited to a period of 72 consecutive hours. CSI-CPF-700-0622 Page 3 of 6 StarStone IIE Part of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com Any one loss occurrence as respects Earthquake, Earth Movement, Earthquake Sprinkler Leakage and fire following directly occasioned by the Earthquake (if covered) will be limited to 168 consecutive hours. b) Flood is defined in the Primary Company's insurance policy. We will follow that definition unless the Primary has no definition, in which case Flood means a general and temporary condition of partial or complete inundation of normally dry land areas due to: Flood, surface water, rising water, waves, tides, tidal water, storm surge, tsunami, overflow of any body of water or their spray, all whether wind driven or not; ii. Water that backs up from any sewer or drain; or water that leaks or flows from below the surface of the ground; or iii. Mudslides or mudflows that are caused by Flood as defined above. All flooding in a continuous or protracted event will constitute a single Flood. c) Earthquake is defined in the Primary Company's insurance policy. We will follow that definition unless the Primary has no definition, in which case Earthquake means the sudden and natural faulting of land masses produced by seismic event(s) and not including subsidence, landslide, rock slide mudflow or mudslides, earth sinking, shifting or settling unless as a direct result of Earthquake. Earthquake does not include fire following. Earthquake also includes loss from "Volcanic Action", meaning direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by: Airborne volcanic blast or airborne shock waves; ii. Ash, dust or particulate matter; or Lava flow. d) Annual Aggregate means the amount of insurance available and is the most we will pay for all loss or damage from occurrences for those peril or cause of loss specified in the Excess Follow Form General Property Declarations for the policy period regardless of whether the policy is longer or shorter than a 12 month period. E. PRIORITY OF PAYMENTS Any recoveries made under underlying insurance shall first apply to loss or damage not insured by excess insurance. Upon exhaustion of underlying insurance limits, the excess insurance shall step down and be liable for the loss in excess of the amount attributed to the underlying insurance as respects loss or damage insured there under subject to the excess insurance limit of liability and attachment. F. STEP DOWN The provisions of this clause shall not apply until the amount of loss, damage or expense arising out of any one occurrence exceeds the underlying insurance policy limit plus the applicable deductibles and waiting periods of the Primary Policy to which this policy is excess. CSI-CPF-700-0622 Page 4- of 6 StarStone IIE Part of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com It is also understood that within the Primary Policy limit, certain coverages are subject to various sub - limits as per the Primary Policy. There is no recovery under this Excess Policy as respects those coverages which are sublimited in the Primary Policy to which this policy is excess, nor for those coverages excluded in this Excess Policy; however, the Company recognizes that the Primary Policy limit can be eroded or exhausted, wholly or partially, by application of said sublimits. After application of the sublimits and priority of payments provision of the Primary Policy, this policy shall stepdown directly over the amount of the Primary Policy limit remaining available for those coverages which are not sublimited in the Primary Policy nor excluded in this Excess Policy, subject to the Limit of Liability and attachment of this policy. G. ANNUAL AGGREGATE, DROP DOWN In the event Flood and/or Earthquake annual aggregate limits of the Primary Policy are diminished, eroded, or exhausted in any one policy year, the coverage provided under this excess policy for Flood and/or Earthquake shall apply as excess of any remaining limits, subject to the underlying deductibles. This provision does not increase the amount of insurance available in any one occurrence or for the policy period. H. OTHER INSURANCE/EXCESS INSURANCE In the event there is other insurance covering loss or damage insured under this Policy, then this Policy shall apply only as excess and in no event as contributory insurance (unless this Policy is specifically written to be contributory insurance), and then only after all other insurance has been exhausted, whether or not such insurance is collectible. Permission is granted for the Insured to purchase Excess Insurance over the limits provided by this Policy, and underlying insurance on all or any part of the deductibles of this Policy. I. NOTIFICATION OF CLAIMS The insured, upon knowledge of any occurrence likely to give rise to claim for loss or damage as covered herein, shall give notice as soon as practicable to the person(s) or firm named for the purpose. See the Notice of Claims Reporting Procedures Form attached to this policy. The insured will provide a signed and sworn proof of loss containing the information necessary to investigate the claim as requested and within sixty (60) days of the request or as required by law. All claims for loss or damage under this policy must be made and the insured will submit final written proof of loss(es) within one year of policy expiration. Failure to do so shall invalidate claims for loss or damage hereunder. J. CANCELLATION: a) This policy can be cancelled by the named insured by providing the Company with: i. An advanced written request for cancellation stating when the cancellation shall be effective, and ii. The original policy or a lost policyholder release signed by the named insured or its legal representative. CSI-CPF-700-0622 Page 5 of 6 StarStone IIE Part of the Core Specialty Group 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844 722 7827 Fax: 513 599 7501 www.corespecialty.com b) This policy may be cancelled by the Company by giving to the named insured at least ninety (90) days written notice of cancellation or in the case of non-payment of premium or material mis- statement, at least ten (10) days written notice of cancellation. c) The cancellation will be effective even if the Company 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, the Company will send the named insured any premium refund due. CSI-CPF-700-0622 Page 6 of 6 StarStone Part of the Core Specialty Group ASBESTOS COVERAGE ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: ASBESTOS COVERAGE ENDORSEMENT 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 period of insurance by one of the following Listed Perils if a covered cause of loss in the policy: Fire; Explosion, Lightning, Windstorm, Hail, Direct Impact of Vehicle, Aircraft or Vessel, Riot or Civil Commotion, Vandalism or Malicious Mischief, Accidental Discharge of Fire Protective Equipment, Named Windstorm, Earthquake, and Flood. This coverage is subject to each of the following specific limitations: 1. The building or structure containing the asbestos must be insured under this Policy for loss or damage by that Listed Peril. 2. The Listed Peril must be the immediate, sole cause of the damage of the asbestos. 3. The Insured must report to the Company 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 the Insurers more than 12 (twelve) months after the expiration, or termination, of the period of insurance. 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. 5. The maximum amount that the Company will pay under this coverage endorsement in any 12 month period is $25,000. ASBESTOS EXCLUSION Except as set forth above, this Policy does not cover any loss, damage, cost, claim or expense, whether preventative, remedial or otherwise, directly or indirectly arising out of or relating to, regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, cost, claim or expense from asbestos. This clause applies regardless of any other cause or event that contributes concurrently or in any sequence to the loss, damage, cost, claim or expense. CSI -C P E-003-0622 Page 1 of 1 StarStone Part of the Core Specialty Group MOLD, MILDEW, AND FUNGI EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: MOLD, MILDEW, AND FUNGI EXCLUSION ENDORSEMENT 1. Except as set forth in paragraph Clause 2 below, this Policy does not insure against any loss, damage, claim, cost, expense or other sum directly or indirectly arising out of or relating to: mold, mildew or fungus This exclusion applies regardless of whether there is (a) any physical loss, damage or destruction of property insured; (b) any insured peril or cause, whether or not contributing concurrently or in any sequence; (c) any loss of use, occupancy, or functionality; or (d) any action required, including but not limited to repair replacement, removal, cleanup, abatement, disposal, relocation, or steps taken to address medical or legal concerns. 2. Notwithstanding the foregoing, this Policy insures physical loss, damage or destruction of property insured by mold, mildew or fungus when directly caused by a Listed Peril that is a covered cause of loss under this policy occurring during the Policy Period. LISTED PERILS Fire; lightning; explosion; windstorm or hail; smoke; direct impact of vehicle, aircraft or vessel; strike, riot or civil commotion; vandalism or malicious mischief; leakage or accidental discharge of fire protection equipment; collapse; falling objects; weight of snow, ice or sleet; theft, sudden and accidental discharge leakage, backup or overflow of liquids or molten material from confinement within piping, plumbing systems, tanks, equipment or other containment located at the insured "location"; "Earthquake"; "Flood." This coverage is subject to all the limitations in this Policy and, in addition, to each of the following specific limitations: a. The property must otherwise be insured under this Policy for physical loss, damage or destruction by the Listed Peril. b. The Insured must report the existence and cost of the physical loss, damage or destruction by mold, mildew or fungus to the Insurer as soon as practicable, but no later than twelve (12) months after the Listed Peril first caused physical loss, damage or destruction of insured property during the Policy period. This Policy does not insure any physical loss, damage or destruction by mold, mildew or fungus first reported to the Insurer after that twelve (12) month period. CSI -C P E-004-0622 Page 1 of 1 StarStone Part of the Core Specialty Group POLLUTION ENDORSEMENT (SUBLIMITED) THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: POLLUTION ENDORSEMENT (SUBLIMITED) This Policy is extended to pay your expenses to extract "pollutants" from land or water if the release, discharge, dispersal, seepage, migration, release or escape of the "pollutants" is caused by or results from a Covered Cause of Loss that occurs during the policy period. The expenses will be paid only if they are reported to us in writing within 180 days of the earlier of: a. The date of direct physical "loss"; or b. The end of the policy period. The maximum amount that the Company will pay under this coverage endorsement in any 12 month period is $25,000 for pollution cleanup and removal. POLLUTION EXCLUSION Except as set forth above, this policy does not insure any loss or damage, claim, cost, expense or other sum directly or indirectly arising out of the discharge, dispersal, seepage, migration, release or escape of "pollutants" . "POLLUTANTS" means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. CSI -C P E-005-0622 Page 1 of 1 StarStone ?art of the Core Specialty Group MINIMUM EARNED AND WIND MINIMUM EARNED PREMIUM ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: MINIMUM EARNED AND WIND MINIMUM EARNED PREMIUM ENDORSEMENT The following terms and conditions will apply to this Policy: 1. If the Named Insured cancels this Policy, removes a Location or reduces the amount of coverage on a Location, a minimum premium of 35% of the original Policy premium shall become earned. Failure of the Named Insured to make timely payment of premium shall be considered a request by the Named 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 Named Insured remits the full premium due within 10 days of receiving it. 2. For Locations not "Exposed to Hurricane": If the Named Insured cancels this Policy, removes a Location or reduces the amount of coverage on a Location, the short rate return premium is 90% of applicable pro -rata premium subject to any Minimum Earned Premium stipulations in the Policy. 3. For Locations "Exposed to Hurricane": If the Named Insured cancels this Policy, removes a Location or reduces the amount of coverage on a Location and coverage existed any time during the period of June 1st to November 30th, the amount of premium the Company will return will be a percentage of the total premium determined using the below. The Unearned Premium is the Location premium times the Unearned Factor noted below: Days Policy In Force Unearned Factor 1 to 180 20% 181 to210 15% 211 to 240 10% 241 to 270 7.5% 271 to 300 5.0% 301 to 330 2.5% 331 to 365 0.0% 4. Subject to receipt of closing documents within 30 days of closing, this Policy allows pro -rata return premium for Locations sold, but not for loss of a management contract (unless the management contract is lost due to the sale of the property). CSI -C P E-006-0622 Page 1 of 2 StarStone ?art of the Core Specialty Group 5. Subject to receipt of closing documents, this Policy allows pro -rata additional premium for Locations purchased during the policy term. 6. For Locations "Exposed to Hurricane," if added or coverage increased at an existing Location, during the term of the Policy and coverage exists at any time during the period of June 1st to November 30th, the premium will be calculated at 100% of the annual rate, less the Unearned Factor noted in No. 3. above. Otherwise, it shall be pro -rata. 7 Locations of like kind and quality shall be added at the account rate, subject to the Unearned Factor noted in No. 3 above. Locations of differing kind or quality or Locations in Dade, Broward, Palm Beach, Pinellas, and Hillsborough counties of Florida must be approved by the Company prior to attachment. 8. If a Location is "Exposed to Hurricane," the provisions of this clause replace any short rate provisions stipulated in this Policy, all subject to the Minimum Earned Premium provisions. 9. "Exposed to Hurricane" is defined to include any Location within 100 miles of the closest saltwater of the Atlantic Ocean and/or the Gulf of Mexico and/or the Hawaii Islands. 10. Coverage cannot be increased, nor additional Locations added if they are "Exposed to Hurricane" and a Named Storm is in existence, unless with the express written consent of the Company. 11. Nothing herein will act to provide coverage outside the automatic acquisition clause elsewhere in the Policy. 12. In the event of a total loss or constructive total loss to Covered Property by a Covered Cause of Loss, the premium applicable to that Covered Property shall be fully earned and no return premium will be due to the Named Insured. All other terms, conditions and exclusions of the Policy remain unchanged. CSI -C P E-006-0622 Page 2 of 2 StarStone Part of the Core Specialty Group EQUIPMENT BREAKDOWN EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: EQUIPMENT BREAKDOWN EXCLUSION ENDORSEMENT Any other similar Exclusion within this Policy (or within any other Endorsement which forms part of this Policy) is deleted and replaced by the following: This Policy excludes loss or damage due to: 1. Explosion in or of any of the following property: steam boilers, including equipment attached to and forming a part thereof; steam turbines; steam engines; steam pipes connecting any of the foregoing; or gas turbines; except that this exclusion shall not apply to explosion of accumulated gases or unconsumed fuel within the firebox or the combustion chamber of any fired vessel, other than gas turbines, or within the flues or passages which conduct the gases of combustion therefrom. 2. Rupture, bursting, cracking, burning or bulging of any of the following property: steam boilers, including equipment attached to and forming a part thereof; steam turbines; steam engines; steam pipes connecting any of the foregoing; hot water boilers or other equipment for heating water; pressure vessels, including equipment attached to and forming a part thereof; or gas turbines. 3. Mechanical or machinery breakdown, including rupture or bursting caused by centrifugal force. 4. Electrical injury or disturbance to electrical appliances, devices, fixtures, wiring, or other electrical or electronic equipment caused by electrical currents artificially generated. All other terms and conditions of this policy remain unchanged. CSI-CPE-007-0622 Page 1 of 1 StarStone Part of the Core Specialty Group TERRORISM EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: TERRORISM EXCLUSION ENDORSEMENT A. The following definitions are added with respect to the provisions of this endorsement: 1. "Terrorism" means activities against persons, organizations or property of any nature: a. That involve the following or preparation for the following: 1) Use or threat of force or violence; or 2) Commission or threat of a dangerous act; or 3) Commission or threat of an act that interferes with or disrupts an electronic, communication, information, or mechanical system; and b. When one or both of the following applies: 1) The effect is to intimidate or coerce a government or the civilian population or any segment thereof, or to disrupt any segment of the economy; or 2) It appears that the intent is to intimidate or coerce a government, or to further political, ideological, religious, social or economic objectives or to express (or express opposition to) a philosophy or ideology. 2. "Any injury or damage" means any injury or damage covered under any Coverage Part or Policy 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 or Policy. B. The following exclusion is added: EXCLUSION OF TERRORISM We will not pay for "any injury or damage" caused directly or indirectly by "terrorism", including action in hindering or defending against an actual or expected incident of "terrorism". "Any injury or damage" is excluded regardless of any other cause or event that contributes concurrently or in any sequence to such injury or damage. C. Exception Covering Certain Fire Losses If an incident of "terrorism" results in fire, we will pay for the loss or damage caused by that fire. Such CSI -C P E-010-0622 Page 1 of 2 StarStone Part of the Core Specialty Group coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the coverage 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. D. Application of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Policy, such as losses excluded by the Nuclear Hazard Exclusion or the War And Military Action Exclusion. CSI -C P E-010-0622 Page 2 of 2 StarStone ?art of the Core Specialty Group EXCLUSION OF LOSS DUE TO VIRUS AND OTHER MICROORGANISMS ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: EXCLUSION OF LOSS DUE TO VIRUS AND OTHER MICROORGANISMS ENDORSEMENT 1. The exclusion set forth in Paragraph 2. applies to all coverages under all forms and endorsements that comprise this Policy, including but not limited to forms or endorsements that cover property damage to buildings or personal property and forms or endorsements that cover business income, extra expense or action of civil authority. 2. We will not pay for loss or damage caused by or resulting from any virus or other microorganism that induces or is capable of inducing physical distress, illness or disease. However, this exclusion does not apply to loss or damage caused by or resulting from "Fungus", wet rot or dry rot. Such loss or damage is addressed in a separate exclusion in this policy. 3. With respect to any loss or damage subject to the exclusion in Paragraph 2., such exclusion supersedes any exclusion relating to "pollutants". 4. The following additional definitions apply to this Endorsement: (a) "Fungus" means any plants or organisms belonging to the major group fungi, lacking chlorophyll, and including "Mold", rust, "Mildew", smuts, mushrooms, and yeasts; (b) "Mold" means any superficial growth produced on damp or decaying organic matter or on living organisms, and fungi that produce "Molds". (c) "Mildew" means a thin whitish coating of minute fungal hyphae produced on, among other things, organic matter or living organisms. (d) "Pollutants" means any solid, liquid, gaseous or thermal irritant or contaminant, including smog, smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste, which after its release can cause or threaten damage to human health or human welfare or causes or threatens damage, deterioration, loss of value, marketability or loss of use to property insured hereunder, including, but not limited to, bacteria, virus, or hazardous substances as listed in the Federal Water Pollution Control Act, Clean Air Act, Resource Conservation and Recovery Act of 1976, and Toxic Substances Control Act or as designated by the U. S. Environmental Protection Agency. Waste includes materials to be recycled, reconditioned or reclaimed. All other terms and conditions of this Policy remain unchanged. CSI-CPE-032-0622 Page 1 StarSto ne Port of the Core Specialty Group NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOLOGICAL EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: NUCLEAR, BIOLOGICAL, CHEMICAL AND RADIOLOGICAL EXCLUSION ENDORSEMENT This Policy will not pay for any loss, damage, cost or expense, whether real or alleged, that is caused, results from, is exacerbated by or otherwise impacted by, either directly or indirectly, any of the following: 1. Nuclear Hazard - including, but not limited to, nuclear reaction, nuclear detonation, nuclear radiation, radioactive contamination and all agents, materials, products or substances, whether engineered or naturally occurring, involved therein or released thereby; 2. Biological Hazard - including, but not limited to, any biological and/or poisonous or pathogenic agent, material, product or substance, whether engineered or naturally occurring, that induces or is capable of inducing physical distress, illness, or disease; 3. Chemical Hazard - including, but not limited to, any chemical agent, material, product or substance; 4. Radioactive Hazard - including, but not limited to, any electromagnetic, optical, or ionizing radiation or energy, including all generators and emitters thereof, whether engineered or naturally occurring. The provisions of subparagraphs 1, 2, 3, and 4 will not apply and we will pay up to a maximum of $10,000 for any and all claims for such loss or damage arising out of events occurring within the term of this policy: Where the agent, material, product or substance at issue is utilized in the course of business by a Named Insured; and The discharge, dispersal, seepage, migration, release, escape or application of the pathogenic or poisonous nuclear, biological, chemical, or radioactive materials is accidental and is not the result of a wilful or malicious act against any persons, organizations, or property of any nature. Only if, and to the extent required by state law, the following exception to the exclusion applies: If a hazard excluded herein results in fire (and provided fire is a covered cause of loss), this policy will pay for the loss, damage, cost or expense caused by that fire, subject to all applicable policy provisions including the Limit of Liability on the affected covered property. Such coverage for fire applies only to direct loss or damage by fire to covered property. This coverage does not apply to insurance provided under Time Element coverages, including but not limited to, Business Income, Rental Value or Extra Expense coverage or endorsements that apply to those coverages CSI -C P E-033-0622 Page 1 of 1 StarStone Port of the Core Specialty Group WAR OR WARLIKE ACTION EXCLUSIONS ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: WAR OR WARLIKE ACTION EXCLUSIONS ENDORSEMENT This policy does not insure any loss or damage, claim, cost, expense or other sum directly or indirectly arising out of War, hostile or warlike action in time of peace or war, whether or not declared, including action in hindering, combating, or defending against an actual, impending, or expected attack: 1. By any government or sovereign power (de jure or de facto) or by any authority maintaining or using military, naval, or air forces; or 2. By military, naval, or air forces; or 3. By an agent of any such government, power, authority, or force. Any weapon of war employing atomic fission or radioactive force, whether in time of peace or war, whether or not its discharge was accidental; or Insurrection, rebellion, revolution, civil war, usurped power, or action taken by governmental authority in hindering, combating, or defending against such occurrence, seizure or destruction; Including any consequence of paragraphs listed herein. All other terms and condition of the Policy remain unchanged. CSI -C P E-034-0622 Page 1 of 1 StarStone Port of the Core Specialty Group CYBER, ELECTRONIC DATA AND SYSTEMS EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: CYBER, ELECTRONIC DATA AND SYSTEMS EXCLUSION ENDORSEMENT This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS Notwithstanding any provision to the contrary within the Policy or any endorsements attached thereto, it is understood and agreed as follows: EXCLUSION: This Policy does not insure any loss, damage, destruction, distortion, erasure, corruption or alteration of Electronic Data from any cause whatsoever (including but not limited to Computer Virus) or any loss of access, any loss of use, reduction in functionality, cost, expense of any kind or of any nature whatsoever resulting therefrom. Further, this Policy does not insure any loss or damage that directly or indirectly results from loss, damage, destruction, distortion, erasure, corruption or alteration of Electronic Data from any cause whatsoever (including but not limited to Computer Virus). Such loss or damage as described herein is excluded regardless of any other cause or event contributing concurrently or in any other sequence to the loss or damage. This exclusion applies regardless of whether the loss or damage arises out of or results from authorized, unauthorized, intentional, unintentional or accidental access in, of, or to any computer, communication system, file server, network(s), networking equipment, computer system, computer hardware, computer software, data processing equipment, computer memory, microchip, microprocessor, integrated circuit or similar device. Electronic Data means facts, concepts and information recorded, transmitted or converted to a form useable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment. Electronic Data also includes programs, 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 unauthorized instructions or code including,but not limited to any set of maliciously, intentionally, unintentionally or accidentally introduced instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature located anywhere in the world. Computer Virus includes, but is not limited to 'Trojan Horses', 'worms' and 'time or logic bombs'. However, in the event that a peril insured by this Policy results from any of the matters described herein, this Policy, subject to all its terms, conditions and exclusions, will cover physical damage to insured property that was directly caused by such peril insured by this Policy and occurring within the Policy Period. CSI -C P E-035-0622 Page 1 of 1 StarStone Part of the Core Specialty Group SERVICE OF SUIT ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: SERVICE OF SUIT ENDORSEMENT In the event of our failure to pay any amount claimed to be due under this Policy, we agree to submit to the jurisdiction of any court of competent jurisdiction within the United States in which a suit for those amounts may be brought. Nothing in this condition constitutes or should be understood to constitute a waiver of our right 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. Service of process in such suit may be made upon: Robert Kuzloski Legal Department StarStone US Companies 412 Mt. Kemble Avenue, Suite G-60 Morristown, New Jersey 07960 Tel: 917 704 6008 Email: Robert.Kuzloski@corespecialty.com www.corespecialty.com or his or her representative, and that in any suit instituted against us with respect to this Policy, we will abide by the final decision of such court or of any appellate court in the event of an appeal. To the extent required by the express provisions of any statute of any state, territory, or district of the United States, we 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 our true and lawful attorney upon whom may be served any lawful process in any action, suit, or proceeding instituted by you or on your behalf or any beneficiary hereunder arising out of this Policy, and we hereby designate the above named Counsel 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 remain unchanged. CSI -C P E-037-0622 Page 1 of 1 StarStone Part of the Core Specialty Group JOINT LOSS AGREEMENT ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: JOINT LOSS AGREEMENT ENDORSEMENT It is agreed that: A. If, at the time of loss, a policy insuring boiler and machinery and/or mechanical breakdown exists which may insure the same property subject to a claim under this Policy; and B. If there is disagreement between the Company and any other insurer involved in the claim either as to: 1) Whether such loss or damage was caused by a peril insured against by this Policy or by an accident insured against by such boiler and machinery and/or mechanical breakdown Insurance policy; or 2) The extent of participation of this policy and of such boiler and machinery and/or mechanical breakdown insurance policy, then; C. Upon the Insured receiving one half of the claims payment from the insurer issuing the boiler and machinery and/or mechanical breakdown insurance policy, this Company shall, upon written request of the Insured, pay the Insured the Company's proportional share of the remaining one-half of the amount of the loss which is in disagreement, but in no event for more than this Company would have paid if there had been no boiler and machinery and/or mechanical breakdown insurance policy in effect, subject to the following conditions: 1) The amount of the claim which is in disagreement, after making provisions for any undisputed claims payable under the said policies and after the amount of the claim is agreed upon by the Insured and the Company, is limited to the mini mum amount remaining payable under either the boiler and machinery and/or mechanical breakdown insurance policy or this Policy; 2) The Insured agrees that any payment(s) made under this endorsement shall be returned if the boiler and ma chi nery insurer does not submit to and proceed with arbitration within ninety (90) days of receipt of such payment(s) as per the APPRAISAL provision of this Policy, and the Insured agrees to cooperate, but not intervene, with such arbitration; 3) This endorsement shall not apply unless such other policy issued by the boiler and ma chi nery insurer is similarly endorsed; 4) Acceptance by the Insured of sums paid pursuant to these provisions shall not alter, waive, surrender or in any way affect the rights of the Insured against the Company. All other terms and conditions of this policy remain unchanged. CSI -C P E-038-0622 Page 1 of 1 StarStone ?art of the Core Specialty Group Several Liability Endorsement THIS ENDORSEMENT CHANGES THE POLICY, PLEASE READ IT CAREFULLY To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. This endorsement does not change any other provision of the insurance policy and takes effect on the effective date of this insurance policy unless another effective date is shown. The Insurer's and/or Company's liability under this Policy for covered losses is several and not joint with other insurers party to this contract. The Insurer(s) and/or Company(s) are liable only for the proportion of liability it has underwritten. The Insurer(s) and/or Company(s) are not jointly liable for the proportion of liability underwritten by any other insurer. Nor are the Insurer(s) and/or Company(s) otherwise responsible for any liability of any other insurer that may underwrite this policy. The Insurer's and/or Company's liability may not be increased in the event that any other insurer or other party to this contract who for any reason does not satisfy all or part of its obligations. All other terms and conditions, insured coverage and exclusions of this Insurance Policy remain unchanged, including applicable limits, sublimits and deductibles, and apply in full force and effect to the coverage provided by this Policy. CSI-CPE-048-0622 Page 1 of 1 StarStone Part of the Core Specialty Group PRE-EXISTING DAMAGE EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement. PRE-EXISTING DAMAGE EXCLUSION ENDORSEMENT There is no coverage under this Policy for loss or damage caused directly or indirectly by the following exclusion. Such loss or damage is excluded regardless of any other cause or event contributing concurrently or in any sequence to the loss or damage. This exclusion applies whether or not the loss event results in widespread damage or affects a substantial area: Loss or damage arising out of pre-existing damage as outlined below: a. A Building or any part of a Building that is in danger of falling down or caving in, b. Any part of a Building that has separated from another part of the Building, or c. A Building or any part of a Building that is standing which shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion. All other terms and conditions of this Policy remain unchanged. CSI -C P E-054-0622 Page 1 of 1 StarStone Part of the Core Specialty Group TERRORISM RISK INSURANCE ACT REJECTION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement is a part of your Policy. Except for the changes it makes, all other terms of the Policy remain the same and apply to this endorsement: TERRORISM RISK INSURANCE ACT REJECTION ENDORSEMENT This Clause is issued in accordance with the terms and conditions of the "U.S. Terrorism Risk Insurance Act of 2002" as amended as and extended by the Terrorism Risk Insurance Insurance Program Reauthorization Act of 2015 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. All other terms and conditions of the policy remain unchanged. CSI -C P E-039-0622 Page 1 of 1 S \ I WESTFI ELD® EXCESS PROPERTY COVERAGE FORM DECLARATIONS COMPANY NAME: POLICY NO.: POLICY TERM: NAMED INSURED: ADDRESS: Westfield Specialty Insurance Company XAR-00018K9-o1 01/01/2024 to 01/01/2025 12:01 a.m. local time at the address of the Named Insured shown below Colorado Counties Casualty and Property Pool 800 Grant Street Suite 400 Denver, CO 80203 LIMIT OF INSURANCE Limit $3,750,000 Part of Layer $25,000,000 Excess of Attachment $25,000,000 Per Occurrence (and in the Annual Aggregate as respects flood and/or earthquake, if applicable.) The "Company" provides the limits shown above as applying on the basis of excess of any applicable deductible or self -insured retention contained in the "Controlling Insurance Policy" with respect to each and every loss or occurrence caused by or resulting from the "Covered Causes of Loss" insured against under this policy and in any annual aggregate as stated above. SHARED COVERAGE ONLY This Limit of Insurance is the limit shown above as our portion of the layer applicable to those locations shown in the Declarations for "Covered Causes of Loss". DESCRIPTION OF COVERED CAUSES OF LOSS: All Risks of Direct Physical Loss or Damage including Earthquake and Flood DEDUCTIBLE AMOUNT: Per Controlling Insurance Policy CONE ROLLING INSURANCE POLICY Insurance Company: Policy B1262PW0330024 Number: Effective Dates Limit of from: 01/01/2024 O1/O1/2O25 to: Lloyd's of London Insurance: $100,000,000 DESCRIPTION OF PREMISES/DESCRIPTION OF COVERAGES The following, as set forth on the Schedule on File with Westfield Specialty Insurance Company: Buildings, Business Personal Property, Business Income including Extra Expense APPLICABLE FORMS / ENDORSEMENTS See Attached Schedule of Forms and Endorsements TOTAL POLICY PREMIUM $112,500 NOTICE: Notice of Claims: All Other Notices: Westfield One Westfield Email: Park WestfieldESPropertyClaims@westfieldgrp.com Specialty Circle Center, Ohio 44251 Westfield One Westfield Park Specialty Circle Center, Ohio 44251 PR 01001 1022 CO SURPLUS LINES TAX -$3375.00 Page 1 oh 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'. SCHEDULE OF FORMS AND ENDORSEMENTS Policy Number: XAR-00018K9-oi Issued To: Colorado Counties Casualty and Property Pool Policy Period: 01/01/2024 to 01/01/2025 No. Name Form Form PR 01001 1022 Excess Property Follow Form Declaration PR 01021 1022 Schedule of Forms and Endorsements MANUSCRIPT FORM Coverage Form - Manuscript Insert PR 01501 1022 Common Terms Endorsement PR 01506 1022 Communicable Disease Exclusion Endorsement PR 01507 1022 Cyber Exclusion Endorsement PR 01508 1022 Hazardous Material Exclusion Endorsement PR 01509 1022 Mold, Mildew, Spore or Fungi Exclusion Endorsement PR 01510 1022 Equipment Breakdown Exclusion Endorsement PR 01511 1022 Service of Suit Endorsement PR 01512 1022 Territory Coverage Limitation Endorsement PR 01514 1022 Occurrence Limit of Insurance (Scheduled) Endorsement PR 01517 1022 Terrorism Coverage Exclusion PR 01518 1022 Assigned Adjuster Endorsement PR 01520 1022 Minimum Earned Premium Endorsement PR 01523 1022 Pre-existing Damage Exclusion PR 01951 1022 Fraud Statements PR 01952 1022 Surplus Lines Notice PR 01953 1022 OFAC Advisory Notice to Policyholders PR 01999 1022 Westfield Signature Page PR O1O21 1O22 Page 1 of 1 EXCESS PHYSICAL DAMAGE FORM 1. INSURING AGREEMENT S ubject 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 S chedule, 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 S chedule 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 P rimary 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 P rovided always that liability attaches to the Insurers) 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 S chedule, 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. v. EFF 081817 I 1 EXCESS PHYSICAL DAMAGE FORM 6. 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 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 I 2 EXCESS PHYSICAL DAMAGE FORM THE SCHEDULE 1. Insurer: Westfield Specialty Insurance Company 2. Policy Number: XAR00018K901 3 Named Insured: Colorado Counties Casualty and Property Pool 4. Mailing Address: c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 5. Policy Period: From: January 1, 2024 To: January 1, 2025 Both days at 12:01 am local standard time 6. Perils Insured: As defined in primary policy issued by Lloyd's of London policy number PW0330024 7. The Property or Interest: As defined in primary policy issued by Lloyd's of London policy number PW0330024 8. The Property Located or Contained As defined in primary policy issued by Lloyd's of London policy number PW0330024 9. Premium: $112,500 10. Policy Limit: $100,000,000 per occurrence v. EFF 081817 I 3 EXCESS PHYSICAL DAMAGE FORM 11. I. $25,000,000 Excess $25,000,000 Ill a) b) c) d) e) f) g) a) b) c) $5,000,000 $2,500,000 $2,500,000 $3,750,000 $3,750,000 $3,750,000 $3,750,000 $50,000,000 Excess $50,000,000 $27,500,000 $15,000,000 $7,500,000 Lexington Insurance Company 0006893563 Aspen Specialty Insurance Company PX00K6224 Endurance Specialty Insurance Limited BPD30000376001 Palms Specialty Insurance Company PLM0065924 StarStone Specialty Ins. Co Q87959241 CSP Westfield Specialty Ins. Co. XAR00018K901 Princeton Excess & Surplus Lines Ins 78A3XP000096101 RSUI Indemnity Co. NHD938594 Mitsui Sumitomo Ins. Co EXP7000992 Princeton Excess & Surplus Lines Ins 78A3XP000096101 12. Total Limits [including "Primary" and "Excess"] subject to annual aggregates [per layers and participation's as outlined in items 11 - 12 above]: $5Q000,000 except $5,000,000 for Flood Zone A anyone policy year in respect of the peril of Flood $50,000,000 any one policy year in respect of the peril of Earthquake 13. Notification of Claims to: Westfield ESPropertyClaims(a�westf ieldg rp.com 20% 10% 10% 15% 15% 15% 15% 55% 30% 15% v. EFF 081817 I 4 Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: COMMON TERMS ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that the terms described below in this Endorsement are incorporated by reference into this Policy and shall share the same special meaning as other similar words, phrases, or terminology which may be found throughout this Policy. For the avoidance of doubt, such similar words, phrases, and terminology are provided below and shall apply the same commonsense plain meaning and be used interchangeably regardless of formatting, including but not limited to capitalization, pluralization, bolding, and quotations. Nothing herein shall in any way affect the coverage provided under this Policy. 1. "Company" may be used interchangeably in this policy with any of the following or any variation thereof: "Insurer"; "We"; "Us". 2. "Controlling Underlying Policy" shall mean the insurance policy or policies designated as such on the Declarations and may be used interchangeably in this policy with any of the following or any variation thereof: "Lead Insurance Policy"; "Lead Policy"; "Primary Policy"; "Primary Carrier". 3. "Covered Causes of Loss" shall be designated as such on the Declarations and may be used interchangeably in this policy with the following or any variation thereof: "Covered Loss". 4. "Covered Property" may be used interchangeably in this policy with any of the following or any variation thereof: "Property"; "Real or Personal Property". 5. "High Hazard County" shall mean counties within one hundred (100) miles of the Atlantic or Gulf coasts and may be used interchangeably may be used interchangeably in this policy with the following or any variation thereof: "Coastal High Hazard Area". 6. "Insured" may be used interchangeably in this policy with any of the following or any variation thereof: "You"; "Your". 7. "Lead Insurer" may be used interchangeably in this policy with any of the following or any variation thereof: "Followed Insurer"; "Controlling Insurer". 8. "Lead Policy" may be used interchangeably in this policy with any of the following or any variation thereof: "Followed Policy"; "Controlling Policy". 9. "Named Insured" shall mean the entity designated as such on the Declarations and may be used interchangeably in this policy with the following or any variation thereof: "First Named Insured". 10. "Premises" may be used interchangeably in this policy with the following or any variation thereof: "Covered Location"; "Location"; "Insured Location". 11. "Underlying Insurance" may be used interchangeably in this policy with the following or any variation thereof: "Underlying Policy"; "Underlying Excess Insurance"; "Excess Insurance". The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. PR 01501 1022 Page 1 of 2 ®2022 Westfield. All Rights Reserved. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O15O1 1O22 Page 2 of 2 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: COMMUNICABLE DISEASE EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. Notwithstanding anything to the contrary in this policy, the following Exclusion is added to this policy: COMMUNICABLE DISEASE EXCLUSION We will not pay for any loss, damage, liability, cost, or expense of any nature whatsoever directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with a "Communicable Disease" or the fear or threat (whether actual or perceived) of a "Communicable Disease", regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2. Subject to all other terms, conditions and exclusions contained in this Policy, this Policy will cover physical damage to "Covered Property" and any "Time Element Loss" resulting directly therefrom; provided such physical damage is directly caused by or arising from any of the following perils or causes of loss set forth in the Schedule below: 3 . Schedule: fire, lightning, explosion, aircraft, or vehicle impact, falling objects, windstorm, hail, tornado, cyclone, typhoon, hurricane, earthquake, seaquake, seismic and/or volcanic disturbance/eruption, tsunami, flood, freeze, ice storm, or weight of snow or ice, avalanche, meteor/asteroid impact, landslip, landslide, mudslide, bush fire, forest fire, riot, riot attending a strike, civil commotion, vandalism and malicious mischief For purposes of this Endorsement, the following terms shall apply: (a) "Communicable Disease" means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: (b) CO the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not; (ii) the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms; and (iii) the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property. "Time Element Loss" means business interruption, contingent business interruption or any other consequential losses. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01506 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: CYBER EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. Notwithstanding anything to the contrary in this policy, the following Exclusion is added to this policy: CYBER EXCLUSION We will not pay for any loss, damage, liability, cost, or expense of any nature whatsoever directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with: (a) any loss of, alteration of, or damage to or a reduction in the functionality, availability, or operation of a "Computer System", unless otherwise subject to the provisions of paragraph 2 below; and/or (b) any loss of use, reduction in functionality, repair, replacement, restoration, or reproduction of any "Data", including any amount pertaining to the value of such "Data". 2. Subject to all other terms, conditions and exclusions contained in this Policy, this Policy will cover physical damage to "Covered Property" and any "Time Element Loss" resulting directly therefrom; provided such physical damage is directly caused by any of the following perils or causes of loss set forth in the Schedule below: 3 Schedule: fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm, hail, tornado, cyclone, hurricane, earthquake, volcano, tsunami, flood or freeze or weight of snow. For purposes of this Endorsement, the following terms shall apply: (a) "Computer System" means any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility. "Data" means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a "Computer System". "Time Element Loss" means business interruption, contingent business interruption or any other consequential losses. 03) (c) The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O15O7 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: HAZARDOUS MATERIAL EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. 2. 3 The following Exclusion is added to this Policy: HAZARDOUS MATERIALS EXCLUSION (A) We will not pay for loss or damages caused directly or indirectly by the actual, alleged or threatened discharge, dispersal, seepage, migration, release or escape of "Hazardous Materials" at any time. (B) We will not pay any loss, cost, or expense arising out of any: (C) (D) This CO (ii) This (i) request, demand, order, or statutory or regulatory requirement that any "Insured" or others test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of "Hazardous Materials"; or (ii) claim or suit by or on behalf of a governmental authority for damages because of testing for, monitoring, cleaning up, removing, containing, treating, detoxifying or neutralizing, or in any way responding to, or assessing the effects of "Hazardous Materials". We will not pay for loss or damages caused directly or indirectly by any obligations to share damages with or indemnify another party who must pay damages because of injury or damage relating to "Hazardous Materials". We will not pay for loss or damages caused directly or indirectly by any supervision, instructions, recommendations, warnings or advice given or which should have been given in connection with paragraphs (A), (B) or (C) above. Exclusion shall apply regardless of: whether not any such "Hazardous Materials" have any function in your business, operations, premises, site or location; or any other cause or event that contributes concurrently or in any sequence to the loss or damage. Exclusion shall supersede and take precedent over any other provision of this policy or "Underlying Insurance" which addresses or excludes "Pollution" or "Hazardous Materials". For purposes of this Endorsement, the following terms shall apply: (A) (B) PR 01508 1O22 "Hazardous Materials" means "Pollutants", lead, asbestos, silica, and materials containing "Pollutants", lead, asbestos, or silica. "Pollutants" means: (i) any solid, liquid, gaseous, thermal, biological, or radioactive irritant or contaminant, including acids, alkalis, chemicals, fumes, smoke, soot, vapor, and waste; and (ii) electrical or magnetic emissions, whether visible or invisible, and sound emissions. Waste includes materials to be recycled, reclaimed, or reconditioned, as well as disposed of. Page 1 of 2 ®2O22 Westfield. All Rights Reserved. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01508 1022 Page 2 of 2 Q 2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: MOLD, MILDEW, SPORE OR FUNGI EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. The following Exclusion is added to this Policy: MOLD, MILDEW, SPORE OR FUNGI EXCLUSION (A) We do not pay for loss or damages, or any increase in loss or damage, caused directly or indirectly by the actual, alleged, or threatened occurrence, growth, proliferation, spread, escape, release, transmission, migration, discharge, seepage, infestation, dispersal, inhalation, absorption, ingestion, physical contact, or exposure to "Mold", "Mildew", "Spores" and/or "Fungi" in any form whatsoever, "Wet or Dry Rot", or "Bacteria". (B) We do not pay your expense for: (i) "Mold, Mildew, Spore, Fungi, Wet or Dry Rot or Bacteria Investigative and Remediation Costs"; (ii) removal, restoration, or replacement of affected land, air, or water; (iii) punitive or exemplary damages, fines or penalties, the return of fees or other consideration paid by the "Insured", or that portion of any award or judgment caused by the trebling or multiplication of actual damages under federal or state law, or matters deemed uninsurable under the laws pursuant to which this policy shall be construed; or (iv) the cost to the "Insured" or others to investigate or defend any loss, injury, or damage, or for any cost, fine or penalty or for any expense, claim, or suit related to any of the above. 2. This Exclusion shall supersede and take precedent over any other exclusion which addresses the peril of "Mold", "Mildew", "Spores" or "Fungus". 3. For purposes of this Endorsement, the following terms are added as follows: (A) "Mold", "Mildew", "Spores", "Fungi", "Wet or Dry Rot" or "Bacteria" mean any mold, mildew, spore and/or fungus, including any mycotoxin, spores, scents, or by-products produced or released by fungi, of any type or nature whatsoever that can cause or threaten harm to any living organism (including human health or human welfare, or the health or welfare of any animal or plant) or can cause or threaten physical damage, deterioration, loss of use and/or value or marketability to any tangible property whatsoever, regardless of whether these are proved to cause disease, injury or damage. (B) "Mold, Mildew, Spores, Fungi, Wet or Dry Rot or Bacteria Investigative and Remediation Costs" means expenses to the "Insured" or others for expert fees, investigation, cost estimation, testing, monitoring, sampling, clean up, containment, remediation, treatment, removal, or neutralization of "Mold", "Mildew", "Spores" and/or "Fungi" or property containing these, and any other costs associated therewith. PR O15O9 1O22 Page 1 of 2 ®2O22 Westfield. All Rights Reserved. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O15O9 1O22 Page 2 of 2 Q 2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: EQUIPMENT BREAKDOWN EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. The following Exclusion is added to this Policy: EQUIPMENT BREAKDOWN EXCLUSION We do not pay for loss or damages arising out of "Equipment Breakdown". 2. This Exclusion shall supersede and take precedent over any other provision which addresses the peril of "Equipment Breakdown". 3. For purposes of this Endorsement, "Equipment Breakdown" means: (a) electrical injury or disturbance to electrical appliances, devices or wiring caused by electrical currents artificially generated; (b) mechanical breakdown, or (c) explosion, rupture, or bursting of steam boilers, steam pipes, steam turbines, or steam engines owned or leased by you or operated under your control; and (d) without any limitation to (a) — (c) above, "Equipment Breakdown" as further defined in the "Controlling Underlying Policy". 4. Notwithstanding the provisions of this Endorsement, if any loss or damage to "Covered Property" from a "Covered Cause of Loss" results from electrical injury or disturbance, we will pay such ensuing loss or damage not otherwise expected or excluded from coverage. 5. This Exclusion shall not apply to electronic data processing systems and valuable papers. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01510 1022 Page 1 of 1 ®2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: SERVICE OF SUIT ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. The Company, at the written request of the Named Insured, will submit to the jurisdiction of any court of competent jurisdiction within the United States with respect to any suit arising out of or relating to this policy and will comply with all requirements necessary to give such court jurisdiction over the Company regarding such suit. In any such suit, the Company will abide by the final decision of such court or any appellate court of competent jurisdiction in the event of an appeal. 2. Westfield Specialty Insurance Company One Park Circle Westfield Center OH 44251-5001 is authorized and directed to accept service of process on behalf of the Company in any such suit and, upon the written request of the Named Insured, to enter a general appearance upon the Company's behalf in the event such suit shall be instituted. 3 . Pursuant to any statute of any state, territory or district of the United States which makes provisions therefor, the Company hereby designates the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his or her successor or successors in office, as its true and lawful attorney, upon whom may be served any lawful process in any suit instituted by or on behalf of the Company or any other beneficiary hereunder arising out of or related to this policy, and hereby designates Westfield Specialty Insurance Company as the person to whom the said officer is authorized to mail such process or a true copy thereof. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01511 1022 Page 1 of 1 ®2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: TERRITORY COVERAGE LIMITATION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. The following Condition is added to this policy: TERRITORY COVERAGE LIMITATION The coverage territory under this policy is limited to: The Fifty (5O) United States and the District of Columbia. 2. The Condition set forth in paragraph 1 above shall supersede and take precedent over any other provision in this policy or "Underlying Insurance" that addresses territories. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O1512 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: OCCURRENCE LIMIT OF INSURANCE (SCHEDULED) ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. The Limit of Insurance set forth on the Declarations of this policy is an amount per occurrence. In no event will the liability of this Company exceed this amount in any one covered loss, damage, disaster, or casualty, irrespective of the number of locations involved. 2. The premium for this policy is based upon the Statement of Values on file with the Company. In the event of a covered loss, the covered loss sustained by individual items or elements of coverage will be individually adjusted for purpose of determining whether the individual value of the "Covered Property" (hereinafter the "Covered Property Value") is greater or lesser than the actual adjusted amount of the loss or damage. As respects specifically scheduled items or elements of coverage that are identified in the most current Statement of Values on file with the Company, the "Covered Property Value" shall be the amount individually identified for each specifically scheduled item or element of coverage. As respects items or elements of coverage for which an individual amount is not shown on the most current Statement of Values or other documentation on file with the Company, the "Covered Property Value" of such items or elements of coverage shall be determined as follows: A. The value for each real property item will be developed by multiplying the total reported value for real property by the proportion that the square footage of the individual real property item to the total square footage of all real property contemplated in the total reported real property values; B. The value of personal property at each location will be developed by multiplying the total reported personal property value by the proportion that the square footage of all real property at the individual location bears to the total square footage of all real property at all locations contemplated in the total reported personal property values; and C. The value of business income and/or rental income at each location will be developed by multiplying the total reported business income and/or rental income value by the proportion that the square footage of all real property at the individual location bears to the total square footage of all real property at all locations contemplated in the total reported business income and/or rental income values. 3. In the event of covered loss or damage, liability of the Company shall be limited to the least of the following: A. the actual adjusted amount of covered loss or damage, less any applicable deductible; B. loo. oo % of the total "Covered Property Value" of all items or elements of coverage that sustained a covered loss or damage in a single occurrence, less any applicable deductible; or C. the Limit of Insurance or amount of insurance set forth on the Declarations for this policy. 4. Occurrence, where used in this policy, means any one loss, damage, disaster, casualty, or series of losses, damages, disasters, or casualties arising out of one event. PR 01514 1022 Page 1 of 2 ®2022 Westfield. All Rights Reserved. 5. The duration and extent of any one occurrence will not exceed the total of all loss or damage sustained during any period of 168 consecutive hours from and by the same event, except with respect to loss or damage caused by or resulting from: A. Windstorm, hail, tornado, hurricane, and cyclone, including ensuing collapse and water damage; any one occurrence will be limited to a period of 120 consecutive hours; B. Riot, riot attending strike, civil commotion, looting, theft, vandalism, and malicious mischief; any one occurrence will be limited to a period of 72 consecutive hours; or C. Earth movement, earthquake, and fire following and directly occasioned by the earth movement or earthquake; any one occurrence will be limited to any period of 168 consecutive hours; Losses arising from a combination of two (2) or more causes of loss or damage as a result of the same event shall be considered as having arisen from one occurrence. Notwithstanding the foregoing, the hourly limitations stated above shall not be exceeded with respect to the applicable causes of loss or damage and no single occurrence shall encompass a time -period greater than 168 consecutive hours. The occurrence period defined in the "Controlling Insurance Policy" or other "Underlying Insurance" applies if it is shorter than the occurrence period shown in this paragraph 5. When filing proof of loss, the Insured may elect the moment at which the period of consecutive hours shall be deemed to have commenced, which may not be earlier than the time when the first loss or damage to "Covered Property" occurs. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01514 1022 Page 2 of 2 ®2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE ELECTION You are hereby notified that under the Terrorism Risk Insurance Act (the "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 any coverage 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. Under this formula, the United States reimburses 8o% 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 know that the Act, as amended, contains a $ioo 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 $1OO billion. If the aggregate insured losses for all insurers exceed $1OO billion in any one calendar year, your coverage may be reduced. ACCEPTANCE OR REJECTION OF TERRORISM INSURANCE COVERAGE Please "X" one of the boxes below and return this notice to the Insurer. I hereby elect to purchase terrorism coverage for a prospective premium of $O. X I Accordingly, of hereby terrorism. decline I understand to purchase that terrorism I will coverage for certified have no coverage for losses acts of terrorism. resulting from certified acts See File Documentation Policyholder/Applicant's Signature 01/01/2024 Date Colorado Counties Casualty and Property Pool XAR-00018K9-o1 Print Name PR O1515 1O22 Policy Number Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: CERTIFIED ACT OF TERRORISM EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that: 1. This Endorsement documents that you have been offered "Certified Act of Terrorism" coverage and that you have declined such coverage. Accordingly, the following Exclusion is added to this Policy: TERRORISM EXCLUSION We do not pay for loss or damage caused directly or indirectly by "Terrorism". Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss or damage, except for ensuing fire, but only to the extent as required by state statute as indicated in paragraph 2 below. This exclusion also applies to any action taken in hindering or defending against an actual or expected incident of "Terrorism". 2. If an incident of "Terrorism" results in fire, we will pay for the loss or damage caused by that fire, to the extent required by state statute. Any such coverage for fire applies only to direct loss or damage by fire to "Covered Property". 3. For purposes of this Endorsement, the following terms shall apply: A. "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: (i) 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 (ii) 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. B. "Terrorism" means a violent act or an act that is dangerous to human life, property or infrastructure 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. "Terrorism" includes a "Certified Act of Terrorism" and acts: (i) that involve the use, release or escape of nuclear materials, or directly or indirectly result in nuclear reaction or radiation or radioactive contamination; (ii) that are carried out by means of the dispersal or application of pathogenic or poisonous biological or chemical materials; or (iii) 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. PR O1517 1O22 Page 1 of 2 ®2O22 Westfield. All Rights Reserved. Multiple incidents 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 one incident. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O1517 1O22 Page 2 of 2 ®2O22 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: ASSIGNED ADJUSTER ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that the adjuster and firm shown in the Schedule below shall be designated as the "Assigned Adjuster" for all claims reported under this policy. We retain the right to terminate the named "Assigned Adjuster". In the event we terminate the named "Assigned Adjuster" or the named "Assigned Adjuster" becomes unwilling or unable to perform, a replacement "Assigned Adjuster" will be selected by the mutual agreement of you and us. SCHEDULE 1. Adjuster Name: TBA 2. Adjuster Firm: TBA Information required to complete this SCHEDULE, if not shown herein, will be shown in the Declarations. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01518 1022 Page 1 of 1 ®2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: MINIMUM EARNED PREMIUM ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form It is agreed that the following Condition is added to this Policy and shall supersede and take precedent over any other provision or condition that addresses minimum earned premium for this Policy: Policy Premium and Minimum Earned Premium 1. "Policy Premium" is the sum of all the following: A. "Total Policy Premium" as set forth on the Declarations; B. any premium adjusted by endorsement; and C. any premium adjustment developed by audit, if applicable. 2. "Policy Earned Premium" is the sum of all the following A. the amount of "Policy Premium", not designated as fully earned premium at inception or by endorsement, calculated for the policy period that has been earned based on the ratio of the time passed on the policy to the effective date of the policy; and B. any "Policy Premium" that is designated as frilly earned premium at inception or by endorsement. 3. If you cancel this Policy, the return premium will be 9O% of the unearned premium. However, as a minimum earned premium, we will retain no less than 9o% of the "Policy Premium". 4. If we cancel the Policy for non-payment of premium, the earned premium will be computed pro rata based on the length of the cancelled policy term. However, as a minimum earned premium, we will retain no less than 35% of the "Policy Premium". 5. If we cancel the Policy for any reason other than for non-payment of premium, the earned premium will be computed pro rata based on the length of the cancelled policy term and the minimum earned premium as stated in Paragraph 4. above shall not apply. 6. Any unearned premium will be returned as soon as practicable. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR 01520 1022 Page 1 of 1 ®2022 Westfield. All Rights Reserved. Endorsement Number: Policy Number: XAR-00018K9-01 Issued Property To: Colorado Pool Counties Casualty and Policy Period: 01/01/2024 to 01/01/2025 Issued By: Westfield Specialty Insurance Company Effective Date of Endorsement: PRE-EXISTING PROPERTY DAMAGE EXCLUSION ENDORSEMENT THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. This endorsement modifies insurance provided under the following: Manuscript Property Coverage Form This policy does not cover any loss or damage directly or indirectly caused by, arising out of, resulting from, or contributed to by any damage that existed at the time of this Policy's inception. The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage. All other terms, conditions and limitations of this Policy shall remain unchanged. PR O1523 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. FRAUD STATEMENT (Not applicable in the states mentioned below where a specific warning applies.) Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, may be committing a fraudulent insurance act, and may be subject to a civil penalty or fine. Alabama Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or who knowingly presents false information in an application for insurance is guilty of a crime and may be subject to restitution, fines, or confinement in prison, or any combination thereof. Arkansas, District of Columbia, Louisiana, Rhode Island, West Virginia Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. Colorado 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 for insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies. Florida Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree. Kansas Any person who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, broker or any agent thereof, any written, electronic, electronic impulse, facsimile, magnetic, oral, or telephonic communication or statement as part of, or in support of, an application for the issuance of, or the rating of an insurance policy for personal or commercial insurance, or a claim for payment or other benefit pursuant to an insurance policy for commercial or personal insurance which such person knows to contain materially false information concerning any fact material thereto; or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act. Kentucky Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime. Maine It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties may include imprisonment, fines or denial of insurance benefits. Maryland Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. New Jersey, New Mexico Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties. Ohio Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application, or files a claim containing a false or deceptive statement is guilty of insurance fraud. PR O1951 1022 Page 1 of 2 ®2O22 Westfield. All Rights Reserved. Oklahoma WARNING: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony. Oregon Any person who knowingly and with intent to defraud or solicit another to defraud the insurer by submitting an application containing a false statement as to any material fact may be violating state law. Pennsylvania Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties. Pennsylvania (Auto) Any person who knowingly and with intent to injure or defraud any insurer files an application or claim containing any false, incomplete or misleading information shall, upon conviction, be subject to imprisonment for up to seven years and the payment of a fine of up to $15,000. Tennessee, Virginia, Washington It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits. New York Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. New York (Auto) Any person who knowingly makes or knowingly assists, abets, solicits or conspires with another to make a false report of the theft, destruction, damage or conversion of any motor vehicle to a law enforcement agency, the department of motor vehicles or an insurance company, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the value of the subject motor vehicle or stated claim for each violation. PR O1951 1022 Page 2 of 2 ®2O22 Westfield. All Rights Reserved. NOTICE: THIS POLICY IS ISSUED ON A SURPLUS LINES BASIS BY AN APPROVED NON -LICENSED INSURER UNDER THE LAWS OF THE STATE IN WHICH THE NAMED INSURED'S PRINCIPAL PLACE OF BUSINESS IS LOCATED AS SET FORTH IN THE DECLARATIONS. AS A RESULT, THIS POLICY AND ITS PREMIUM RATES ARE EXEMPT FROM THE INSURANCE REGULATORY FILING REQUIREMENTS OF SUCH STATE. IN CASE OF THE INSURER'S INSOLVENCY, THIS POLICY IS NOT COVERED BY ANY INSURANCE GUARANTY FUND OR ITS EQUIVALENT IN ANY STATE. PR O1952 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. 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. PR O1953 1O22 Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Westfield Specialty Insurance Company Signature Page In witness whereof, the Insurer has caused this policy to be signed by its President and Secretary. President PR O1999 1O22 Secretary Page 1 of 1 ®2O22 Westfield. All Rights Reserved. Policy Number EXP7000992 DISCLOSURE NOTICE TERRORISM RISK INSURANCE ACT OF 2002 (AS AMENDED) REJECTION OF OUR OFFER OF COVERAGE Named Insured COLORADO COUNTIES CASUALTY AND PROPERTY Effective Date: 01/01/2024 12:01 A.M., Standard Time Agent Name CRC INSURANCE SERVICES Agent No. 0097270 You have rejected our offer of coverage for certified acts of terrorism, as defined in and certified under the Terrorism Risk Insurance Act of 2002, as amended. Therefore, this policy does not provide such coverage. This policy contains one or more exclusions that apply to certified acts of terrorism. If you were not made aware of our offer of coverage for certified acts of terrorism, or believe that this notice was included in this policy in error, please notify your agent or broker immediately. MS 0612 01 15 Page 1 of 1 © 2015 Mitsui Sumitomo Insurance Group, all rights reserved INSURED COPY PRIVACY POLICY AND PRACTICES THIS NOTICE DESCRIBES HOW MITSUI SUMITOMO MARINE MANAGEMENT (U.S.A.), INC. (MSMM) HANDLES CERTAIN PERSONAL INFORMATION OF ITS INDIVIDUAL CUSTOMERS. MSMM is dedicated to serving the insurance needs of our customers. To continue to provide innovative products and services that respond to your insurance needs, MSMM collects certain personal information about you, which is described below in The Personal Information We Collect. At MSMM, we respect the privacy of our customers. MSMM's personal infonnation handling practices are regulated by law, and this Privacy Policy describes those practices. MSMM's Privacy Policy The Personal Information We Collect. MSMM collects personal information about you and the members of your household to conduct business operations, provide customer service, offer new products, and satisfy legal and regulatory requirements. We may collect the following categories of information about you from these sources: • Information from you directly or through your agent, broker or automobile assigned risk plan, including information from applications, worksheets, questionnaires, claim forms or other documents (such as name, address, driver's license number, and amount of coverage requested). • Information about your transactions with us, our affiliates or others (such as products or services purchased, claims made, account balances and payment history). • Information from a consumer reporting agency (such as motor vehicle reports), subject to the requirements of the U.S. Fair Credit Reporting Act, as amended (if applicable). • Information from other non-MSMM sources (such as prior loss information and demographic information). • Information from visitors to our websites (such as that provided through online forms and online information collecting devices known as "cookies"). MSMM does not use "cookies" to retrieve information from a visitor's computer that was not originally sent in a "cookie". • Information from an employer, benefit plan sponsor, benefit plan administrator or master policyholder for any MSMM individual or group insurance product that you may have (such as name, address and amount of coverage requested). "Opt Out" Option. MSMM does not have an opt out option because we provide our customers this notice as required by law and we prohibit any third party from disclosing or using personal information other than to carry out the purposes for which we shared the personal information. Therefore, no action is required by you. The Personal Information We Share. MSMM may disclose the personal information we collect to service, process, or administer business operations such as underwriting and claims, and for other purposes such as the marketing of products or services, regulatory compliance, the detection or prevention of fraud, or as otherwise required or allowed by law. These disclosures may be made without prior authorization from you, as permitted by law. Sharing Personal Information With Others. MSMM may disclose the personal information we collect to affiliated and non-affiliated parties for processing and servicing transactions, such as reinsurers, insurance agents or brokers, property and automobile appraisers, auditors, claim adjusters, third party administrators, businesses that conduct actuarial research and, in the case of group insurance, employers, benefit plan sponsors, benefit plan administrators or master policyholders. For example, MSMM may disclose personal information to our affiliates and other parties that perform services for us such as customer service or account maintenance. Specific examples include mailing information to you and maintaining or developing software for us. MSMM may also disclose personal information to nonaffiliated parties as permitted by law. For example, we may disclose information in response to a subpoena, to detect or prevent fraud, or to comply with an inquiry or requirement of a government agency or regulator. Sharing Personal Information With Service Providers or for Joint Marketing. MSMM may disclose the personal information we collect to agents and brokers so that they can market financial products and services and to service providers who perform functions for us. Any such disclosure is required to be subject to an agreement with us that includes NOTICE PRIVACY 1 (05/19) Page 1 INSURED COPY a confidentiality provision. We do not disclose personal infonnation to other financial institutions with which we may have joint marketing arrangements; however, we reserve the right to do so in the future, subject to the other financial institution entering into an arrangement with us that includes a confidentiality provision. Confidentiality and Security of Personal Information. Access to personal information is allowed for business purposes only. The people who have access to personal information, including employees of MSMM and its affiliates, and non - employees performing business functions for MSMM, are under obligations to safeguard such information. MSMM maintains physical, electronic, and procedural safeguards to guard your personal infonnation. However, the privacy of communication over the Internet cannot be guaranteed because the Internet is not a secure medium. MSMM does not assume any responsibility for any harm, loss or damage you may experience or incur by the sending of personal or confidential information over the Internet by or to MSMM. If you are concerned about personal or confidential information that you transmit to us, you may prefer to contact us by postal mail or telephone rather than e-mail, and you may request that we do the same. Personal Health Information. Under certain circumstances, we also collect personal health infon-nation about our customers, such as information regarding an accident, disability or injury, for underwriting or claim purposes. MSMM does not disclose your personal health information to others for the purpose of marketing to you unless we have your express consent. Personal Information of Former Customers. MSMM's personal information Privacy Policy also applies to former customers. Changes in Privacy Policy. MSMM may choose to modify this Privacy Policy at any time. We will notify customers of any modifications at least annually. Definitions. "MSMM" or "Mitsui Sumitomo Marine Management (U.S.A.), Inc." means the following companies on whose behalf this notice is given: MSIG Holdings (Americas), Inc. Mitsui Sumitomo Marine Management (U.S.A.), Inc. Mitsui Sumitomo Insurance Company of America Mitsui Sumitomo Insurance USA Inc. MSIG Specialty Insurance USA Inc. "Customer" and "you" mean any individual who obtains or has obtained a financial product or service from MSMM that is to be used primarily for personal, family or household purposes. This notice applies to customers only. "Personal Information" means non-public personal information, which is defined by law as personally identifiable financial information provided by you to MSMM, resulting from a transaction with or any service performed for you by MSMM, or otherwise obtained by MSMM. Personal information does not include publicly available information as defined by applicable law. Any questions or concerns about our Privacy Policy should be addressed to: Mitsui Sumitomo Marine Management (U.S.A.), Inc. Attention: Privacy Officer 15 Independence Blvd., P.O. Box 4602 Warren, NJ 07059-0602 NOTICE PRIVACY 1 (05/19) Page 2 INSURED COPY To report a new loss, use one of the following options: Internet www.interactclairns.com ilk VifilkiAT\\All . u • *REGISTRATION REQUIRED - CLICK HERE TO REGISTER Telephone 24 365 hours/day days/year 866-'MSMMUSA (866-676-6872) '' *Interpreter Services available as needed or upon request � F ?L" '�� 866-FAXMSMM (866-329-6766) E -Mail L___ NEWLOSS@MSIGUSA.COM C.-:-*) Auto Mobile Reporting -- - - https://www.interactclaims.com/MSMM/newclaim.jsp �a-ciig � L; -- s I -%. ., • . a n s. ,. Please contact our Customer Service Department for additional assistance or questions regarding pre viously reported daims - 866-MSMMCSC(866- 676-6272). CLM2004/22/2015 INSURED COPY s j m y h g 3iF 3•P 't `iMM ,3m3 4 k m" •F .A'' ` (( 4« Q e k rII `Gv!" �'w.�lf y&� S y qT .i] � `%��. � �E��.C � ii�..uP 'ki�eJ'' � Policy Number M ' SIG EXP7000992 Insurance is afforded by the COMMON company indicated POLICY below: DECLARATIONS X MITSUI SUMITOMO INSURANCE COMPANY OF AMERICA MITSUI SUMITOMO INSURANCE USA INC. (each of the above being a capital stock corporation) Item 1. Named Insured and Mailing Address Agent Name and Address COLORADO PROPERTY 800 SUITE DENVER GRANT 400 CO COUNTIES POOL STREET 80203 CASUALTY AND CRC 1 BIRMINGHAM Agent METROPLEX No. INSURANCE 0097270 AL DRIVE 35209 SERVICES SUITE 400 Item2. Policy Period From:01-01-2024 To:01-01-2025 at 12:01 A.M., Standard Time at your mailing address shown above. Item 3. Business Description: Form of Business: V UNICIPALITY 1 I Item 4. In return for the payment of the premium, and subject to all the terms of this policy, we agree with you to provide the insurance as stated in this policy. This policy consists of the following coverage parts for which a premium is indicated. Where no premium is shown, there is no coverage. This premium may be subject to adjustment. Coverage Part(s) Premium r Commercial Property Coverage Part NOT COVERED Commercial General Liability Coverage Part NOT COVE RE D Commercial Crime and Fidelity Coverage Part NOT COVE RE D Commercial Inland Marine Coverage Part NOT COVERED Commercial Auto (Business or Truckers) Coverage Part NOT COVERED Commercial Garage Coverage Part NOT COVERED Commercial Output Coverage Part (AAIS) NOT COVERED COMMERCIAL EXCESS PROPERTY $ 99, 000.00 Total Policy Premium 99, 000.00 L Item 5. Forms and Endorsements Form(s) and Endorsement(s) made a part of this policy at time of issue: See Schedule of Forms and Endorsements 1 Countersigned: Date: By: THIS COMMON POLICY DECLARATION AND THE SUPPLEMENTAL DECLARATION(S), TOGETHER WITH THE COMMON POLICY CONDITIONS COVERAGE PART(S), COVERAGE FORM(S) AND FORMS AND ENDORSEMENTS, IF ANY, COMPLETE THE ABOVE NUMBERED POLICY. MS 0001 0913 INSURED COPY Page 1of1 A Member of MS&AD INSURANCE GROUP `MSIG Policy Number EXP7000992 COMPANY SIGNATURE PAGE MITSUI SUMITOMO INSURANCE COMPANY OF AMERICA (A New York Stock Company) MITSUI SUMITOMO INSURANCE USA INC. (A New York Stock Company) Home Office: Administrative Offices: 1251 Avenue of the Americas Suite 810 New York, New York 10020-1104 (212) 446-3600 15 Independence Boulevard Warren, New Jersey 07059 (800) 388-1802 Policyholders may use the telephone numbers shown above for any purpose. IN WITNESS WHEREOF, the Company has caused this policy to be executed and attested. Except where prohibited by law or regulation, this policy shall not be valid unless countersigned by a duly authorized representative of the Company. Takehisa Chiba President MS 0002 11 23 f41) Stephen P. Tasy Secretary MITSUI SUMITOMO INSURANCE COMPANY OF AMERICA MITSUI SUMITOMO INSURANCE USA INC. © 2023 MSIG Holdings (U.S.A.), Inc. All rights reserved. Page 1 of 1 INSURED COPY i Policy Number EXP7000992 SCHEDULE OF FORMS AND ENDORSEMENTS Named Insured COLORADO COUNTIES CASUALTY AND PROPERTY POOL Agent Name CRC INSURANCE SERVICES Effective Date: 01-01-24 12:01 A.M., Standard Time Agent No. 0097270 COMMON POLICY MS 0612 MS 0001 MS 0002 MS 0101 MAN -CO IL 09 53 MS 0810 MS 5509 COMMERCIAL LMA3100 LMA5400 MS 7494 MS 79501 MS5533 FORMS AND ENDORSEMENTS 01-15 09-13 11-23 01-02 01-02 01-15 04-04 02-16 DISC NOTIC TRIA 2002 AS AMEND REJ OF COV COMMON POLICY DECLARATIONS COMPANY SIGNATURE PAGE SCHEDULE OF FORMS AND ENDORSEMENTS GENERAL MANUSCRIPT ENDORSEMENT EXCL/CERT ACTS -TERROR; COV/FIRE LOSSES CONFORMANCE WITH LAW/SEVERABILITY EXCLUSION -FOREIGN TERRORISM EXCESS PROPERTY FORMS AND ENDORSEMENTS 07-22 11-19 01-22 01-24 04-20 SANCTION LIMITATION AND EXCLUSION CLAUSE PROPERTY CYBER AND DATA ENDORSEMENT OCCURRENCE LIMIT OF LIABILITY EXCESS PROPERTY COVERAGE FORM VIRUS & BACTERIA EXCLUSION (MANUSCRIPT P MS 0101 (01/02) INSURED COPY Policy Number EXP7000992 MANUSCRIPT ENDORSEMENT MITSUI SUMITOMO INSURANCE COMPANY OF AMERICA Named Insured COLO ADO COUNTIES CASUALTY AND Agent Name CRC INSURANCE SERVICES Effective Date: 01-01-2024 12:01 A.M., Standard Time Agent No. 0097270 GENERAL MANUSCRIPT ENDORSEMENT IT IS HEREBY UNDERSTOOD AND AGREED THAT T FOLLOWING SHALL BE AMENDED TO T= -E POLICY: • MSIG NEEDS TO MODEL AND ATTAC=IMENT PRIOR TO THE V UNDERWRITER ANY NEW LOCATIONS EING ADDED TO TEE POLICY. • T PERILS/COVERAGES OF EARTHQUAKE /EARTH MOVEMENT BREAKDOWN, AND CONTINGENT TIME ELEMENT ARE EXCLUDED LAYER. WE RECOGNIZE THAT THESE PERILS/COVERAGES CAN UNDERLYING LIMIT, BUT UNDER NO CIRCUMSTANCES \JILL T TO A LOSS RESULTING FROM THESE PERILS/COVERAGES. PIERCING OUR , FLOOD, EQUIPMENT IN TIIH COVERAGE ERODE THE IS POLICY RESPOND • ITEM 5. DROP DOWN CLAUSE T- -E FOLLOWING SENTENCE IS AMENDED AS FOLLOWS: "IN THE EVENT OF SUCH REDUCTION OF THE AGGREGATE LIMITS OF LIABILITY OF THE PRIMARY AND UNDERLYING EXCESS INSURANCE'S THIS POLICY S --ALL PAY EXCESS OVER THE REDUCED AGGREGATE LIMIT PROVIDED SUCH COVERAGE IS INSURED HEREUNDER." MAN -CO (01/02) INSURED COPY POLICY NUMBER: EXP7000992 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 Pad or Policy: State(s) Coverage Form, Coverage Part Or Policy ANY STATE(S) LISTED ON THIS PROPERTY - FIRE FOLLOWING ONLY. POLICY WHERE FIRE': FOLLOWING IS APPLICABLE. 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 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: 1. 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 2. 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 pad 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. B. The following exclusion is added: CERTIFIED ACT OF TERRORISM EXCLUSION We will not pay for loss or damage caused directly or indirectly by a "certified 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. C. Exception Covering Certain Fire Losses The following exception to the exclusion in Paragraph B. applies only if indicated and as indicated in the Schedule of this endorsement. If a "certified act of terrorism" results in fire, we will pay for the loss or damage caused by that fire. Such coverage for fire applies only to direct loss or damage by fire to Covered Property. Therefore, for example, the coverage 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. IL09530115 © Insurance Services Office, Inc., 2015 INSURED COPY Page 1of2 If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. Application Of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Coverage Part or Policy, such as losses excluded by the Nuclear Hazard Exclusion or the War And Military Action Exclusion. Page 2 of 2 © Insurance Services Office, Inc., 2015 INSURED COPY IL 09 53 01 15 itsui Sumitomo Insurance Group THIS ENDORSEMENT CHANGES YOUR POLICY. PLEASE READ IT CAREFULLY. CONFORMANCE WITH LAW/SEVERABILITY This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL EXCESS LIABILITY POLICY LIQUOR LIABILITY COVERAGE PART POLLUTION LIABILITY COVERAGE PART PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART OWNERS and CONTRACTORS PROTECTIVE LIABILITY COVERAGE PART RAILROAD PROTECTIVE LIABILITY COVERAGE PART EMPLOYMENT - RELATED PRACTICES LIABILITY COVERAGE PART PROFESSIONAL LIABILITY COVERAGE PART ABUSE OR MOLESTATION COVERAGE FORM CHURCH DIRECTORS AND OFFICERS COVERAGE FORM EMPLOYEE BENEFITS LIABILITY COVERAGE FORM EXCLUDING FIDUCIARY LIABILITY EMPLOYEE BENEFIT PROGRAMS ERRORS AND OMISSIONS COVERAGE FUNERAL DIRECTORS OR CEMETERY LIABILITY COVERAGE FORM JAPANESE NONPROFIT ORGANIZATION'S DIRECTORS AND OFFICERS COVERAGE FORM JAPANESE TEMPLE DIRECTORS AND OFFICERS COVERAGE FORM PASTORAL PROFESSIONAL LIABILITY INSURANCE COVERAGE FORM FINANCIAL INSTITUTIONS COMMERCIAL GENERAL LIABILITY COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART COMMERCIAL INLAND MARINE COVERAGE PART BOILER AND MACHINERY COVERAGE PART COMMERCIAL PROPERTY - LEGAL LIABILITY COVERAGE FORM COMMERCIAL CRIME COVERAGE PART BUSINESS AUTO COVERAGE FORM BUSINESS AUTO PHYSICAL DAMAGE COVERAGE FORM GARAGE COVERAGE FORM TRUCKERS COVERAGE FORM It is agreed that the Policy is amended as follows: The following Clause is added: Conformance With Law/ Severability a. Any terms or conditions of the Policy which are in conflict with the applicable statutes, laws or regulations of the jurisdiction in which the Policy is delivered are amended to conform to such statutes, laws or regulations. b. If any provision of the Policy is invalid or unenforceable under any applicable statute, regulation or rule of law, then it will be enforced to the extent permissible and the enforceability of the other provisions of the Policy will not be affected. All other terms and conditions remain unchanged. MS 0810 04 04 Page 1 of 1 INSURED COPY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EXCLUSION - FOREIGN TERRORISM This endorsement modifies insurance provided under the following: COMMERCIAL CRIME COVERAGE FORM COMMERCIAL INLAND MARINE COVERAGE PART COMMERCIAL PROPERTY COVERAGE PART EQUIPMENT BREAKDOWN PROTECTION COVERAGE FORM COMMERCIAL OUTPUT PROGRAM A. The following exclusion is added: FOREIGN TERRORISM We will not pay for loss or damage caused directly or indirectly by "foreign terrorism", including action in hindering or defending against an actual or expected incident of "foreign terrorism". Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss or damage. B. The following definition is added: "Foreign terrorism" means activities against persons, organizations or property of any nature committed outside of the United States of America and not subject to the Terrorism Risk Insurance Act of 2002, as amended: 1. That involve 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 2. When one or both of the following applies: a. The effect is to intimidate or coerce a government or the civilian population or any segment thereof, or to disrupt any segment of the economy; or b. It appears that the intent is to intimidate or coerce a government, or to further political, ideological, religious, social or economic objectives or to express (or express opposition to) a philosophy or ideology. All other terms and conditions remain unchanged. MS 5509 02 16 Page 1 of 1 © 2016 MSIG Holdings (Americas), Inc. All rights reserved. (Includes copyrighted material of Insurance Services Office, Inc. with its permission) (Includes copyrighted material of American Association of Insurance Services, Inc. with its permission) INSURED COPY 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. 15/09/10 LMA3100 INSURED COPY PROPERTY CYBER AND DATA ENDORSEMENT 1. Notwithstanding any provision to the contrary within this Policy or any endorsement thereto this Policy excludes any: 1.1Cyber Loss, unless subject to the provisions of paragraph 2; 1.2 loss, damage, liability, claim, cost, expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any loss of use, reduction in functionality, repair, replacement, restoration or reproduction of any Data, including any amount pertaining to the value of such Data, unless subject to the provisions of paragraph 3; regardless of any other cause or event contributing concurrently or in any other sequence thereto. 2.Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, this Policy covers physical loss or physical damage to property insured under this Policy caused by any ensuing fire or explosion which directly results from a Cyber Incident, unless that Cyber Incident is caused by, contributed to by, resulting from, arising out of or in connection with a Cyber Act including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act. 3.Subject to all the terms, conditions, limitations and exclusions of this Policy or any endorsement thereto, should Data Processing Media owned or operated by the Insured suffer physical loss or physical damage insured by this Policy, then this Policy will cover the cost to repair or replace the Data Processing Media itself plus the costs of copying the 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 the Data. If such media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank Data Processing Media. However, this Policy excludes any amount pertaining to the value of such Data, to the Insured or any other party, even if such Data cannot be recreated, gathered or assembled. 4.In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. 5. This endorsement supersedes and, if in conflict with any other wording in the Policy or any endorsement thereto having a bearing on Cyber Loss, Data or Data Processing Media, replaces that wording. INSURED COPY Definitions 6. Cyber Loss means any loss, damage, liability, claim, cost or expense of whatsoever nature directly or indirectly caused by, contributed to by, resulting from, arising out of or in connection with any Cyber Act or Cyber Incident including, but not limited to, any action taken in controlling, preventing, suppressing or remediating any Cyber Act or Cyber Incident. 7. Cyber Act means an unauthorised, malicious or criminal act or series of related unauthorised, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any Computer System. 8. Cyber Incident means: 8.1any error or omission or series of related errors or omissions involving access to, processing of, use of or operation of any Computer System; or 8.2any partial or total unavailability or failure or series of related partial or total unavailability or failures to access, process, use or operate any Computer System. 9. Computer System means: 9.1 any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility,owned or operated by the Insured or any other party. 10. Data means information, facts, concepts, code or any other information of any kind that is recorded or transmitted in a form to be used, accessed, processed, transmitted or stored by a Computer System. 11.Data Processing Media means any property insured by this Policy on which Data can be stored but not the Data itself. LMA5400 11 November 2019 INSURED COPY OCCURRENCE LIMIT OF LIABILITY ENDORSEMENT It is agreed that the following special terms and conditions apply to this policy: 1. The limit of liability or Amount of Insurance shown on the face of this policy, or endorsed on this policy, is the total limit of the Company'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 Company 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 out of one event. When the term applies to loss or losses from the perils of tornado, cyclone, hurricane, windstorm, hail, flood, earthquake, volcanic eruption, riot, riot attending a strike, civil commotion, vandalism and malicious mischief, or terrorism one event shall be construed to be all losses arising during a continuous period of 72 hours. When filing proof of loss, the Insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which may not be earlier than the time when the first loss to covered property occurs. 2. The premium for this policy is based upon the statement of values provided to the Insurer(s) by or on behalf of the Insured and kept on file by the Insurer(s). In the event of loss under the policy, the liability of the Insurer(s) shall be limited to the least of the following: a.) The actual adjusted amount of loss, less applicable deductible(s); b.) As respects each location insured by this Policy, one hundred(100%) percent of the total combined stated values for all categories of covered property (e.g. building, contents) and other covered exposures (e.g., business income, extra expense, rental loss) shown for that location on the latest statement of values or other documentation on file with the insurer. c. Any other Limit of Liability or Sublimit of Insurance or Amount of Insurance specifically stated in this policy to apply to any particular insured loss or coverage or location. MS 7494 0122 INSURED COPY 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. MS 79501 01 24 INSURED COPY EXCESS PHYSICAL DAMAGE FORM 6. 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 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 1 2 INSURED COPY EXCESS PHYSICAL DAMAGE FORM THE SCHEDULE 1. Insurer: Mitsui Sumitomo Ins. Co. 2. Policy Number: EXP7000992 3 Named Insured: Colorado Counties Casualty and Property Pool 4. Mailing Address: c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 5. Policy Period: From: January 1, 2024 To: January 1, 2025 Both days at 12:01 am local standard time 6. Perils Insured: As defined in primary policy issued by Lloyd's of London policy number PW0330024 7. The Property or Interest: As defined in primary policy issued by Lloyd's of London policy number PW0330024 8. The Property Located or Contained As defined in primary policy issued by Lloyd's of London policy number PW0330024 9. Premium: $99,000 10. Policy Limit: $100,000,000 per occurrence v. EFF 081817 1 3 INSURED COPY EXCESS PHYSICAL DAMAGE FORM 11. I. $25,000,000 Excess $25,000,000 a) $5,000,000 b) $2,500,000 c) $2,500,000 d) $3,750,000 e) $3,750,000 f) $3,750,000 g) $3,750,000 II. $50,000,000 Excess $50,000,000 a) $27,500,000 b) $15,000,000 c) $7,500,000 Lexington Insurance Company 0006893563 Aspen Specialty Insurance Company PX00K6224 Endurance Specialty Insurance Limited BPD30000376001 Palms Specialty Insurance Company PLM0065924 StarStone Specialty Ins. Co. Q87959241 CSP Westfield Specialty Ins. Co. XAR00018K901 Princeton Excess & Surplus Lines Ins 78A3XP000096101 RSUI Indemnity Co. NHD938594 Mitsui Sumitomo Ins. Co. EXP7000992 Princeton Excess & Surplus Lines Ins 78A3XP000096101 12. Total Limits [including "Primary" and "Excess"] subject to annual aggregates [per layers and participation's as outlined in items 11 - 12 above]: $50,000,000 except $5,000,000 for Flood Zone A anyone policy year in respect of the peril of Flood $50,000,000 any one policy year in respect of the peril of Earthquake 13. Notification of Claims to: NewLoss©msigusa.com Calling our toll -free reporting number (866) 676-6872 Fax: (866) 329-6766 20% 10% 10% 15% 15% 15% 15% 55% 30% 15% v. EFF 081817 1 4 INSURED COPY This endorsement changes the policy -- PLEASE READ THIS CAREFULLY -- VIRUS OR BACTERIA EXCLUSION PERILS EXCLUDED The additional exclusion set forth below applies to all coverages, coverage extensions, supplemental coverages, optional coverages, and endorsements that are provided by the policy to which this endorsement is attached, including, but not limited to, those that provide coverage for property, earnings, extra expense, or interruption by civil authority. The following exclusion is added under Perils Excluded: Virus or Bacteria -- We do not pay for loss, cost, or expense caused by, resulting from, or relating to any virus, bacterium, or other microorganism that causes disease, illness, or physical distress or that is capable of causing disease, illness, or physical distress. This exclusion applies to, but is not limited to, any loss, cost, or expense as a result of: a. any contamination by any virus, bacterium, or other microorganism; or b. any denial of access to property because of any virus, bacterium, or other microorganism. OTHER CONDITIONS Other Terms Remain in Effect -- The terms of this endorsement, whether or not applicable to any loss, cost, or expense, cannot be construed to provide coverage for a loss, cost, or expense that would otherwise be excluded under the policy to which this endorsement is attached. MS 5533 04 20 Page 1 of 1 © 2020 MSIG Holdings (Americas), Inc. All rights reserved. (Includes copyrighted material of American Association of Insurance Services Inc., with its permission) INSURED COPY Commercial RSG 94001 0916 Mail notices notices notices RSUI 945 Suite Atlanta, (404) Attn: reportclaims@rsui.com NOTICE East Inc. Department Protection Rd. GA Paces Insurance CLAIM to: to: to: Group, 30326-1160 Ferry 1800 231-3755 Claims Fax E-mail COMMON POLICY DECLARATIONS COMPANY NAME: RSUI Indemnity Company BRANCH ADDRESS: 945 East Paces Ferry Road, Suite 1800, Atlanta, GA 30326-1160 POLICY NO.: NHD938594 D938594 RENEWAL OF: NHD928943 D928943 NAMED INSURED AND MAILING ADDRESS: Colorado Counties Casualty and Property Pool c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 PRODUCER: POLICY PERIOD: From 1/1/2024 To 1/1/2025 12:01 A.M. Standard Time at your Mailing Address above. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WITH YOU TO PROVIDE THE INSURANCE AS STATED IN THIS POLICY. THIS POLICY CONSISTS OF THE FOLLOWING COVERAGE PARTS FOR WHICH A PREMIUM IS INDICATED. THIS PREMIUM MAY BE SUBJECT TO ADJUSTMENT. COVERAGE PARTS PREMIUM COMM. Commercial Property $ 209,000.00 $ $ STATE ASSESSMENTS & FEES $ $ $ $ $ $ $ $ $ $ $ $ $ $ TOTAL $ 209,000.00 DO NOT WRITE IN THIS AREA FORMS APPLICABLE TO ALL COVERAGE PARTS: SEE SCHEDULE OF POLICY ATTACHMENTS AND FORMS, RSG 94106 1009 BUSINESS DESCRIPTION: Municipalities THESE DECLARATIONS TOGETHER WITH THE COMMON POLICY CONDITIONS, COVERAGE PART DECLARATIONS, COVERAGE FORMS(S) AND ENDORSEMENTS, IF ANY, ISSUED TO FORM A PART THEREOF, COMPLETE THE CONTRACT OF INSURANCE. Countersigned: February 06, 2024 By: Date LL Authorized Repres Ive RSG 40003 0913 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Copyright, ISO Properties, Inc., 2001 Policy Number: NHD938594 Insurer: RSUI Indemnity Company Named Insured: Colorado Counties Casualty and Property Pool NOTICE - REJECTION OF TERRORISM COVERAGE Coverage has been "rejected" by the Insured for all acts of terrorism including but not limited to "certified acts of terrorism" under the federal Terrorism Risk Insurance Act. RSG 99018 1211 RSUI INDEMNITY COMPANY State Fraud Statements (Signature Required for New York Only) ARKANSAS, LOUISIANA, RHODE ISLAND, TEXAS AND WEST VIRGINIA FRAUD STATEMENT Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. ALASKA FRAUD STATEMENT A person who knowingly and with intent to injure, defraud, or deceive an insurance company files a claim containing false, incomplete, or misleading information may be prosecuted under state law. ALABAMA FRAUD STATEMENT Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or who knowingly presents false information in an application for insurance is guilty of a crime and may be subject to restitution fines or confinement in prison, or any combination thereof. ARIZONA FRAUD STATEMENT For your protection Arizona law requires the following statement to appear on this form. Any person who knowingly presents a false or fraudulent claim for payment of a loss is subject to criminal and civil penalties. CALIFORNIA FRAUD STATEMENT For your protection, California law requires that you be made aware of the following: Any person who knowingly presents false or fraudulent information to obtain or amend insurance coverage or to make a claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison. 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. DELAWARE FRAUD STATEMENT Any person who knowingly, and with intent to injure, defraud or deceive any insurer, files a statement of claim containing any false, incomplete or misleading information is guilty of a felony. DISTRICT OF COLUMBIA FRAUD STATEMENT WARNING: It is a crime to provide false, or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits if false information materially related to a claim was provided by the applicant. FLORIDA FRAUD STATEMENT Any person who knowingly and with intent to injure, defraud or deceive any insurer, files a statement of claim or an application containing any false, incomplete, or misleading information is guilty of a felony of the third degree. RSG 99022 1022 Page 1 of 4 HAWAII FRAUD STATEMENT For your protection, Hawaii law requires you to be informed that any person who presents a fraudulent claim for payment of a loss or benefit is guilty of a crime punishable by fines or imprisonment, or both. IDAHO FRAUD STATEMENT Any person who knowingly, and with intent to defraud or deceive any insurance company, files a statement of claim containing any false, incomplete or misleading information is guilty of a felony. INDIANA FRAUD STATEMENT Any person who knowingly and with intent to defraud an insurer files a statement of claim containing any false, incomplete, or misleading information commits a felony. KANSAS FRAUD STATEMENT An act committed by any person who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, broker or any agent thereof, any written, electronic, electronic impulse, facsimile, magnetic, oral, or telephonic communication or statement as part of, or in support of, an application for the issuance of, or the rating of an insurance policy for personal or commercial insurance, or a claim for payment or other benefit pursuant to an insurance policy for commercial or personal insurance which such person knows to contain materially false information concerning any fact material thereto; or conceals, for the purpose of misleading, information concerning any fact material thereto. KENTUCKY FRAUD STATEMENT Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime. MAINE FRAUD STATEMENT It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties may include imprisonment, fines or a denial of insurance benefits. MARYLAND FRAUD STATEMENT Any person who knowingly or willfully presents a false or fraudulent claim for payment of a loss or benefit or who knowingly or willfully presents false information in an application for insurance is guilty of a crime and may be subject to fines and confinement in prison. MINNESOTA FRAUD STATEMENT Any person who files a claim with intent to defraud or helps commit a fraud against an insurer is guilty of a crime. NEW HAMPSHIRE FRAUD STATEMENT Any person who, with a purpose to injure, defraud or deceive any insurance company, files a statement of claim containing any false, incomplete or misleading information is subject to prosecution and punishment for insurance fraud, as provided in RSA 638:20. NEW JERSEY FRAUD STATEMENT Any person who includes any false or misleading information on an application for an insurance policy is subject to criminal and civil penalties. RSG 99022 1022 Page 2 of 4 NEW MEXICO FRAUD STATEMENT Any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance is guilty of a crime and may be subject to civil fines and criminal penalties. OHIO FRAUD STATEMENT Any person who, with intent to defraud or knowing that he is facilitating a fraud against an insurer, submits an application or files a claim containing a false or deceptive statement is guilty of insurance fraud. OKLAHOMA FRAUD STATEMENT WARNING: Any person who knowingly and with intent to injure, defraud, or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or misleading information is guilty of a felony. OREGON FRAUD STATEMENT Any person who knowingly files a claim containing a false or deceptive statement for payment of a loss or benefit or knowingly presents materially false information in an application for insurance may be guilty of a crime and may be subject to fines and confinement in prison. PENNSYLVANIA FRAUD STATEMENT Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties. PUERTO RICO FRAUD STATEMENT Any person who knowingly and with the intention of defrauding presents false information in an insurance application, or presents, helps, or causes the presentation of a fraudulent claim for the payment of a loss or any other benefit, or presents more than one claim for the same damage or loss, shall incur a felony and, upon conviction, shall be sanctioned for each violation by a fine of not less than five thousand dollars ($5,000) and not more than ten thousand dollars ($10,000), or a fixed term of imprisonment for three (3) years, or both penalties. Should aggravating circumstances be present, the penalty thus established may be increased to a maximum of five (5) years, if extenuating circumstances are present, it may be reduced to a minimum of two (2) years. TENNESSEE, VIRGINIA, AND WASHINGTON FRAUD STATEMENT It is a crime to knowingly provide false, incomplete or misleading information to an insurance company for the purpose of defrauding the company. Penalties include imprisonment, fines and denial of insurance benefits. RSG 99022 1022 Page 3 of 4 SIGNATURE REQUIRED - NEW YORK ONLY NEW YORK FRAUD STATEMENT Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime, and shall also be subject to a civil penalty not to exceed five thousand dollars and the stated value of the claim for each such violation. Policy Number Insured/Applicant/Claimant (Legal Entity) By (Authorized Representative) - Printed Name By (Authorized Representative) - Signature Title Date RSG 99022 1022 Page 4 of 4 Policy No: NHD938594 Effective: 1/1/2024 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. SCHEDULE OF POLICY ATTACHMENTS AND FORMS Form Number RSG 93007 0405 RSG 94060 0515 RSG 94147 0220 RSG 94151 0822 RSG 96004 0210 RSG 96005 0817 RSG 96013 1003 RSG 96014 0504 RSG 96047 0715 RSG 96051 0914 RSG 96062 0715 RSG 96066 0821 RSG 96068 1218 IL 0017 1198 Form Title Excess Physical Damage Form Colorado Changes - Cancellation and Nonrenewal Scheduled Limit Of Liability Appraisal Clause Amendment Windstorm or Hail Loss Conditions Exclusion And Limited Additional Coverage For Fungus Exclusion of Terrorism Asbestos Exclusion Exclusion of Pathogenic or Poisonous Biological or Chemical Materials Earth Movement Coverage Exclusion Flood Exclusion Earth Movement Sprinkler Leakage Exclusion Cyber, Electronic Data and Systems Exclusion Exclusion - Marijuana Common Policy Conditions RSG 94106 1009 Page 1 of 1 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. v. EFF 081817 I 1 EXCESS PHYSICAL DAMAGE FORM 6. 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 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 I 2 EXCESS PHYSICAL DAMAGE FORM THE SCHEDULE 1. Insurer: RSUI Indemnity Company 2. Policy Number: NHD938594 3 Named Insured: Colorado Counties Casualty and Property Pool 4. Mailing Address: c/o CTSI 800 Grant Street, Suite 400 Denver, CO 80203 5. Policy Period: From: January 1, 2024 To: January 1, 2025 Both days at 12:01 am local standard time 6. Perils Insured: As defined in primary policy issued by Lloyd's of London policy number PI/110330024 7. The Property or Interest: As defined in primary policy issued by Lloyd's of London policy number PW0330024 8. The Property Located or Contained As defined in primary policy issued by Lloyd's of London policy number PW0330024 9. Premium: $209,000 10. Policy Limit: $100,000,000 per occurrence v. EFF 081817 I 3 EXCESS PHYSICAL DAMAGE FORM 11. I. $25,000,000 Excess $25,000,000 II. a) b) c) d) e) f) g) a) b) c) $5,000,000 $2,500,000 $2,500,000 $3,750,000 $3,750,000 $3,750,000 $3,750,000 $50,000,000 Excess $50,000,000 $27,500,000 $15,000,000 $7,500,000 Lexington Insurance Company 0006893563 Aspen Specialty Insurance Company PX00K6224 Endurance Specialty Insurance Limited BPD30000376001 Palms Specialty Insurance Company PLM0065924 StarStone Specialty Ins. Co. Q87959241 CSP Westfield Specialty Ins. Co. XAR00018K901 Princeton Excess & Surplus Lines Ins 78A3XP0000961 01 RSUI Indemnity Co. N H D938594 Mitsui Sumitomo Ins. Co EXP7000992 Princeton Excess & Surplus Lines Ins 78A3XP0000961 01 12. Total Limits [including "Primary" and "Excess"] subject to annual aggregates [per layers and participation's as outlined in items 11 - 12 above]: $50,000,000 except $5,000,000 for Flood Zone A anyone policy year in respect of the peril of Flood $50,000,000 any one policy year in respect of the peril of Earthquake 13. Notification of Claims to: reportclaims,rsui. corn 404-231-2366 15% 15% 15% 55% 30% 15% v. EFF 081817 I 4 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. COLORADO CHANGES CANCELLATION AND NONRENEWAL The following conditions are added and supersede any provisions to the contrary: A. CANCELLATION 1. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation. 2. If this policy has been in effect for less than 60 days, 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 nonpayment of premium; or b. 30 days before the effective date of cancellation if we cancel for any other reason. 3. We will mail or deliver our notice to the first Named Insured's last mailing address known to us. 4. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. 5. If this policy is cancelled, we will send the first Named Insured any premium refund due. If we cancel, the refund will be pro rata. If the first Named Insured cancels, the refund may be less than pro rata. The cancellation will be effective even if we have not made or offered a refund. 6. If notice is mailed, proof of mailing will be sufficient proof of notice. 7. Cancellation Of Policies In Effect For 60 Days Or More a. If this policy has been in effect for 60 days or more, or is a renewal of a policy we issued, we may cancel this policy by mailing through first-class mail to the first Named Insured written notice of cancellation: (1) Including the actual reason, at least 10 days before the effective date of cancellation, if we cancel for nonpayment of premium; or (2) At least 45 days before the effective date of cancellation if we cancel for any other reason. We may only cancel this policy based on one or more of the following reasons: (1) Nonpayment of premium; (2) A false statement knowingly made by the insured on the application for insurance; or (3) A substantial change in the exposure or risk other than that indicated in the application and underwritten as of the effective date of the policy unless the first Named Insured has notified us of the change and we accept such change. B. NONRENEWAL If we decide not to renew this policy, we will mail through first-class mail to the first Named Insured shown in the Declarations written notice of the nonrenewal at least 45 days before the expiration date, or its anniversary date if it is a policy written for a term of more than one year or with no fixed expiration date. If notice is mailed, proof of mailing will be sufficient proof of notice. C. INCREASE IN PREMIUM OR DECREASE IN COVERAGE We will not increase the premium unilaterally or decrease the coverage benefits on renewal of this policy unless we mail through first-class mail written notice of our intention, including the actual reason, to the first Named Insured's last mailing address known to us, at least 45 days before the effective date. Any decrease in coverage during the policy term must be based on one or more of the following reasons: Policy No.: NHD938594 Effective: 1/1/2024 RSG 93007 0405 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 2 © ISO Properties, Inc., 2001 1. Nonpayment of premium; 2. A false statement knowingly made by the insured on the application for insurance; or 3. A substantial change in the exposure or risk other than that indicated in the application and underwritten as of the effective date of the policy unless the first Named Insured has notified us of the change and we accept such change. If notice is mailed, proof of mailing will be sufficient proof of notice. RSG 93007 0405 Includes copyrighted material of Insurance Services Office Inc., with its permission. Page 2 of 2 © ISO Properties, Inc., 2001 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. SCHEDULED LIMIT OF LIABILITY This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS It is understood and agreed that the following special terms and conditions apply to this policy: 1. In the event of loss hereunder, liability of the Company shall be limited to the least of the following liability limitation measures in any one "occurrence": a. The actual adjusted amount of the loss, less applicable deductibles and primary and underlying excess limits; or b. 115% of the individually stated value for each scheduled item of coverage insured at the location which had the loss as shown on the latest Statement of Values on file with this Company, less applicable deductibles and primary and underlying excess limits; or c. The Limit of Liability as shown on the Declarations page of this policy or as endorsed to this policy, if, after the application of the limits in a. or b. above to each scheduled item of coverage which had the loss, the total exceeds such Limit of Liability. If no value is shown for a scheduled item then there is no coverage for that item. Where the loss or "occurrence" involves more than one insured location or scheduled item of coverage, the liability of the Company for each individually scheduled item of coverage shall be measured separately and on a per scheduled item basis. Nothing herein requires the Company to utilize the same liability limitation measure for all insured scheduled items or insured locations involved in any one "occurrence". The liability limitation measure to be used by the Company shall be the measure providing the least amount of coverage for each scheduled item individually. The Company may have no liability after applying the liability limitation measures, applicable deductibles and primary and underlying excess limits. 2. Coverage under this policy is provided only at the locations listed on the latest Statement of Values on file with this Company or as endorsed on to this policy. 3. The premium for this policy is based upon the Statement of Values on file with this Company or attached to this policy. The term "occurrence", where used in this policy, shall mean any one loss, disaster, casualty or series of losses, disasters, or casualties arising from one event. When the term "occurrence" applies to a loss or series of losses from the perils of tornado, cyclone, named storm, hurricane, windstorm, hail, flood, earthquake, volcanic eruption, riot, riot attending a strike, civil commotion and vandalism and malicious mischief, one event shall be construed to be all losses arising during a continuous period of 72 hours. When filing a proof of loss the insured may elect the moment at which the 72 hour period shall be deemed to have commenced, which shall not be earlier than the first loss to occur at any covered location. Example: The limits shown in the example below apply for this example only and do not reflect the limits in this policy. The example also assumes there is no coinsurance penalty or other limits involved: Location 1 Scheduled value — Building $100,000 Actual adjusted amount of loss — Building $25,000 Scheduled value — Rents $50,000 Actual adjusted amount of loss — Rents $75,000 Location 2 Scheduled value — Building $200,000 Actual adjusted amount of loss — Building $205,000 Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 94060 0515 Page 1 of 2 Scheduled value — Rents $75,000 Actual adjusted amount of loss — Rents $25,000 Limit of Liability on Declarations page $1,000,000 per occurrence In this example, the total liability of the Company for the Occurrence is limited to $300,000 less applicable deductible(s) and primary and underlying excess limits. This is because: 1. The liability of the Company on each scheduled item of coverage is limited as follows: a. Location 1 Building is limited to $25,000 because the actual adjusted amount of the loss is less than the scheduled value for that item, b. Location 1 Rents is limited to $50,000 because the scheduled value is less than the actual adjusted amount of the loss for that item, c. Location 2 Building is limited to $200,000 because the scheduled value is less than the actual adjusted amount of the loss for that item, and d. Location 2 Rents is limited to $25,000 because the actual adjusted amount of the loss is less than the scheduled value for that item; and 2. The total of the liability limitation measures on each scheduled item of coverage ($25,000 + $50,000 + $200,000 + $25,000 = $300,000) less applicable deductibles is less than the policy's Limit of Liability (in this example) of $1,000,000 per occurrence. RSG 94060 0515 Page 2 of 2 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. APPRAISAL CLAUSE AMENDMENT This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS This endorsement replaces any and all other provisions regarding appraisal. If we and you disagree on the value of the property or the amount of loss, either party may request, in writing, an appraisal of the value of the property and/or the amount of loss. An appraisal may then take place only if the other party agrees in writing to participate in the appraisal process pursuant to terms of a written agreement between the parties. At a minimum, the written agreement between the parties will specify a protocol for the selection of a disinterested, competent, and impartial appraiser (who does not have a financial interest in the claim and/or appraisal award, including a contingent interest in the outcome of the claim or appraisal award), the inspection of the property by the appraisers, the selection of an umpire, communications between and among the appraisers and umpire, specific itemization of each item in dispute, and an award form. If the parties cannot agree on a written agreement specifying the protocol, an appraisal will not take place. If appraisal moves forward, the two appraisers will select an umpire, who is disinterested, competent, and impartial. If the two appraisers cannot agree to an umpire within 15 days of either appraiser proposing one or more umpires, the two appraisers may jointly request that the selection of a competent and impartial umpire be made by a judge of a court in the county of the loss or damage. If either party to the appraisal, without notice to the other party, asks a judge to select an umpire, any such umpire selection shall be invalidated and the selection of a new umpire shall be required. If the appraisers do not agree to jointly request the appointment of an umpire, either the insurer or insured can unilaterally end the appraisal with written notice to the other. The appraisers will state separately the value of the property and amount of loss. Specific itemization of each item and amount in dispute is required, including, but not limited to, building -by -building, floor -by -floor, unit -by - unit, and area -by -area allocation. If the appraisers fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: a. pay its chosen appraiser; and b. bear the other expenses of the appraisal and the umpire's fee equally. In connection with the appraisal proceeding, neither the appraisers nor the umpire shall have authority to decide questions of law. Neither the appraisers nor the umpire shall attempt to resolve any issue of insurance coverage, policy exclusions, compliance with the policy terms and conditions, or any issues concerning the Limits of Insurance available under the Policy. At any time after the request for appraisal, we will retain our right to demand compliance with all applicable Duties in the Event of Loss as described in this Policy. We may require completion of any of the Duties in the Event of Loss, or any other policy condition, prior to continuance of the appraisal proceeding. If there is an appraisal, we will still retain our right to deny the claim. Where applicable, the parties agree that during the pendency of an appraisal all required responses and cures to any Civil Remedy Notices are extended until 30 days after the appraisal is concluded. By voluntarily agreeing to the appraisal process, both parties acknowledge that there are irreconcilable differences that exist regarding the value of the property and/or the amount of loss. Since appraisal is voluntary, you are not required to submit to, or participate in, any appraisal of the loss as a precondition to action against us. Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 94147 0220 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. WINDSTORM OR HAIL LOSS CONDITIONS This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS With respect to loss or damage caused by or resulting from windstorm or hail, the following is added to the Duties in the Event of Loss or Damage Loss Condition: In addition to your obligation to provide us with prompt notice of loss or damage, with respect to any claim wherein notice of the claim is reported to us more than one year after the date of loss or damage, this policy shall not provide coverage for such claims. Policy No.: NHD938594 Effective: 1/1/2024 RSG 94151 0822 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EXCLUSION AND LIMITED ADDITIONAL COVERAGE FOR FUNGUS This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS A. The following Exclusion is added: EXCLUSION - "Fungus", Wet Rot, Dry Rot And Bacteria We will not pay for loss or damage caused directly or indirectly by the presence, growth, proliferation, spread or any activity of "fungus", wet or dry rot or bacteria. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. But if "fungus", wet or dry rot or bacteria results in a "specified covered cause of loss", we will pay for the loss or damage caused by that "specified covered cause of loss". This exclusion does not apply: 1. When "fungus", wet or dry rot or bacteria results from fire or lightning; or 2. To the extent that coverage is provided in the Additional Coverage - Limited Coverage For "Fungus", Wet Rot, Dry Rot And Bacteria with respect to loss or damage by a cause of loss other than fire or lightning. B. The following Additional Coverage is added: ADDITIONAL COVERAGE - Limited Coverage For "Fungus", Wet Rot, Dry Rot And Bacteria 1. This limited coverage applies only when the "fungus", wet or dry rot or bacteria is the result of one or more of the following causes that occurs during the policy period and only if all reasonable means were used to save and preserve the property from further damage at the time of and after that occurrence, and only if any loss resulting from the following is reported to us within 60 days of the occurrence. a. A "specified covered cause of loss" other than fire or lightning; or b. Flood, if the Flood Coverage Endorsement applies to the affected premises. 2. Under conditions described in item B.1. above, we will pay for loss or damage by "fungus", wet or dry rot or bacteria. As used in this Limited Coverage, the term loss or damage means: a. Direct physical loss or damage to Covered Property caused by "fungus", wet or dry rot or bacteria, including the cost of removal of the "fungus", wet or dry rot or bacteria; b. The cost to tear out and replace any part of the building or other property as needed to gain access to the "fungus", wet or dry rot or bacteria; and c. The cost of testing performed after removal, repair, replacement or restoration of the damaged property is completed, provided there is a reason to believe that "fungus", wet or dry rot or bacteria are present. 3. The coverage provided under this Limited Coverage is limited to $15,000. Regardless of the number of claims, this limit is the most we will pay for the total of all loss or damage arising out of all occurrences which take place in a 12 -month period (starting with the beginning of the present annual policy period). With respect to a particular occurrence of loss which results in "fungus", wet or dry rot or bacteria, we will not pay more than a total of $15,000 even if the "fungus", wet or dry rot or bacteria continues to be present or active, or recurs, in a later policy period. 4. The coverage provided under this Limited Coverage does not increase the applicable Limit of Insurance on any Covered Property. If a particular occurrence results in loss or damage by "fungus", wet or dry rot or bacteria, and other loss or damage, we will not pay more, for the total of all loss or damage, than the applicable Limit of Insurance on the affected Covered Property. Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 96004 0210 Page 1 of 2 If there is covered loss or damage to Covered Property, not caused by "fungus", wet or dry rot or bacteria, loss payment will not be limited by the terms of this Limited Coverage, except to the extent that "fungus", wet or dry rot or bacteria causes an increase in the loss. Any such increase in the loss will be subject to the terms of this Limited Coverage. C. The following Definition is added: 1. "Fungus" means any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by-products produced or released by fungi. 2. "Specified covered cause of loss" means the following: 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. a. Sinkhole collapse means the sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or dolomite. This cause of loss does not include: (1) The cost of filling sinkholes; or (2) Sinking or collapse of land into man-made underground cavities. b. Falling objects does not include loss or damage to: (1) Personal property in the open; or (2) The interior of a building or structure, or property inside a building or structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object. c. Water damage means accidental discharge or leakage of water or steam as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance (other than a sump system including its related equipment and parts), that is located on the described premises and contains water or steam. RSG 96004 0210 Page 2 of 2 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EXCLUSION OF TERRORISM This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS A. Definitions 1. "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 that 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 2. "Other act of terrorism" means any activity against persons, organizations or property of any nature: a. That involves the following or preparation for the following: (1) Use or threat of force or violence; or (2) Commission or threat of a dangerous act; or (3) Commission or threat of an act that interferes with or disrupts an electronic, communication, information, or mechanical system; and b. When one or both of the following applies: (1) The effect is to intimidate or coerce a government or the civilian population or any segment thereof, or to disrupt any segment of the economy; or (2) It appears that the intent is to intimidate or coerce a government, or to further political, ideological, religious, social or economic objectives or to express (or express opposition to) a philosophy or ideology, and c. When the act is not certified as a terrorist act pursuant to the federal Terrorism Risk Insurance Act. B. Exclusion of Certified Acts of Terrorism and the following 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": 1. Including loss or damage caused by Fire following or resulting from a "certified act of terrorism" or an "other act of terrorism". 2. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. 3. With respect to an "other act of terrorism", this exclusion applies only when one or more of the following are attributed to such act: a. The act involves the use, release or escape of nuclear materials, or that directly or indirectly results in nuclear reaction or radiation or radioactive contamination; b. The act is carried out by means of the dispersal or application of pathogenic or poisonous biological or chemical materials; Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 96005 0817 Page 1 of 2 c. The act involves the release of pathogenic or poisonous biological or chemical materials, and it appears that one purpose of the terrorism was to release such materials; or d. The total of insured damage to all types of property in the United States, its territories and possessions, Puerto Rico, and Canada exceeds $25,000,000. In determining whether the $25,000,000 threshold is exceeded, we will include all insured damage sustained by property of all persons and entities affected by the "other act of terrorism" and business interruption losses sustained by owners or occupants of the damaged property. For the purpose of this provision, insured damage means damage that is covered by any insurance plus damage that would be covered by any insurance but for the application of any terrorism exclusions. Multiple incidents of an "other act of terrorism" which occur within a 72 -hour period and appear to be carried out in concert or to have a related purpose or common leadership will be deemed to be one incident, for the purpose of determining whether the threshold is exceeded. With respect to this Item B.3.d., the immediately preceding paragraph describes the threshold used to measure the magnitude of an "other act of terrorism" and the circumstances in which the threshold will apply, for the purpose of determining whether this exclusion will apply to that incident. When the exclusion applies to an "other act of terrorism", there is no coverage under this Coverage Part or Policy C. Application Of Other Exclusions The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss which would otherwise be excluded under this Coverage Part or Policy, such as, but not limited to, losses excluded by any Nuclear Hazard or War And Military Action Exclusions. RSG 96005 0817 Page 2 of 2 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. ASBESTOS EXCLUSION This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS This policy does not apply to any loss, demand, claim or suit arising out of or related in any way to asbestos or asbestos -containing materials. The company shall have no duty of any kind with respects to any such loss, demand, claim or suit. Policy No.: NHD938594 Effective: 1/1/2024 RSG 96013 1003 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EXCLUSION OF PATHOGENIC OR POISONOUS BIOLOGICAL OR CHEMICAL MATERIALS This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS The following exclusion is added: We will not pay for loss or damage caused directly or indirectly by the discharge, dispersal, seepage, migration, release, escape or application of any pathogenic or poisonous biological or chemical materials. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. However, if both A. and B. below apply, we will pay up to a maximum of $10,000 for any and all claims for such loss or damage arising out of events occurring within the term of this policy: A. The pathogenic or poisonous biological or chemical materials are normally kept at or brought onto your premises, with your consent, for use in your business operations at your premises; and B. The discharge, dispersal, seepage, migration, release, escape or application of the pathogenic or poisonous biological or chemical materials is accidental and is not the result of a willful or malicious act against any persons, organizations, or property of any nature. Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 96014 0504 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EARTH MOVEMENT COVERAGE EXCLUSION This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS A. In consideration of premium charged, it is agreed that the following exclusion is added to this policy: We will not pay for loss or damage caused directly or indirectly by: 1. Earth Movement; or 2. Sprinkler Leakage resulting from Earth Movement. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. B. Earth Movement shall be defined as follows: 1. Earthquake, including any earth sinking, rising or shifting related to such event; 2. Landslide, including any earth sinking, rising or shifting related to such event; 3. Mine subsidence, meaning subsidence of a man-made mine, whether or not mining activity has ceased; 4. Earth sinking (other than sinkhole collapse), rising or shifting including soil conditions which cause settling, cracking or other disarrangement of foundations or other parts of realty. Soil conditions include contraction, expansion, freezing, thawing, erosion, improperly compacted soil and the action of water under the ground surface. But, if Earth Movement, as described in 1. through 4. above, results in fire or explosion, we will pay for the loss or damage caused by that fire or explosion. 5. Volcanic Eruption, Explosion or Effusion: But if volcanic eruption, explosion or effusion results in fire, building glass breakage or Volcanic Action, we will pay for the loss or damage caused by that fire, building glass breakage or Volcanic Action. Volcanic action means direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by: a. Airborne volcanic blast or airborne shock waves; b. Ash, dust or particulate matter; or c. Lava flow. Volcanic action does not include the cost to remove ash, dust or particulate matter that does not cause direct physical loss or damage to the described property. Policy No.: NHD938594 Effective: 1/1/2024 RSG 96047 0715 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. FLOOD EXCLUSION This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS In consideration of premium charged, it is agreed that the following exclusion is added to this policy: We will not pay for loss or damage caused directly or indirectly by a Flood. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. Flood is defined as the following: a. Flood, surface water, rising waters, waves, tides, tidal waves, storm surge, overflow of any body of water or their spray, all whether driven by wind or not; b. Mudslide or mudflow; c. Water that backs up or overflows from any sewer or drain; d. Water that seeps, leaks or flows from below the surface of the ground; e. The rising, overflowing or breaking of boundaries of natural or man-made bodies of water; f. The release of water held by a dam, levee or dike or by a water or flood control device; g. The release of water caused by the Acts, Errors or Omissions by you or others in the design, specifications, workmanship, repair, construction, or renovation of all or any part of a water or flood control device, levee, dam or dike; h. Inundation of normally dry land by natural or man-made cause; or i. Water inundation from any cause whatsoever. However, Flood does not include the accidental discharge or leakage of water as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance. Policy No.: NHD938594 Effective: 1/1/2024 RSG 96051 0914 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EARTH MOVEMENT SPRINKLER LEAKAGE EXCLUSION This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS In consideration of premium charged, it is agreed that the following exclusion is added to this policy: We will not pay for loss or damage caused directly or indirectly by Sprinkler Leakage resulting from Earth Movement. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. Earth Movement shall be defined as follows: 1. Earthquake, including any earth sinking, rising or shifting related to such event; 2. Landslide, including any earth sinking, rising or shifting related to such event; 3. Mine subsidence, meaning subsidence of a man-made mine, whether or not mining activity has ceased; 4. Earth sinking (other than sinkhole collapse), rising or shifting including soil conditions which cause settling, cracking or other disarrangement of foundations or other parts of realty. Soil conditions include contraction, expansion, freezing, thawing, erosion, improperly compacted soil and the action of water under the ground surface. 5. Volcanic Eruption, Explosion or Effusion. Policy No.: NHD938594 Effective: 1/1/2024 RSG 96062 0715 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. CYBER, ELECTRONIC DATA AND SYSTEMS EXCLUSION This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS Notwithstanding any provision to the contrary within the Policy or any endorsements attached thereto, it is understood and agreed as follows: Exclusion This Policy does not insure any loss, damage, destruction, distortion, erasure, corruption or alteration of a COMPUTER SYSTEM or ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or any loss of access, any loss of use, reduction in functionality, cost, expense of any kind or of any nature whatsoever resulting therefrom. Further, this Policy does not insure any loss or damage that directly or indirectly results from loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS). Such loss or damage as described herein is excluded regardless of any other cause or event contributing concurrently or in any other sequence to the loss or damage. This exclusion applies regardless of whether the loss or damage arises out of or results from authorized, unauthorized, intentional, unintentional or accidental access in, of, or to any computer, communication system, file server, network(s), networking equipment, computer system, computer hardware, computer software, data processing equipment, computer memory, microchip, microprocessor, integrated circuit or similar device. However, this Policy, subject to all other terms, conditions and exclusions, will cover physical damage to insured property that was directly caused by any of the following perils occurring within the Policy Period: fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm or hail, flood (unless otherwise excluded), or earthquake (unless otherwise excluded). COMPUTER SYSTEM means any computer, hardware, software, communications system, electronic device (including, but not limited to, smart phone, laptop, tablet, wearable device), server, cloud or microcontroller including any similar system or any configuration of the aforementioned and including any associated input, output, data storage device, networking equipment or back up facility. ELECTRONIC DATA means facts, concepts and information recorded, transmitted or converted to a form useable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment. This includes any biometric information, including but not limited to retina or iris scans, fingerprints, voiceprints, DNA, scans of hand or face geometry or any other biometric algorithm or measurement which allows any individual to be identified. ELECTRONIC DATA also includes programs, software and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment. This includes any item reliant on Blockchain technology, including but not limited to cryptocurrencies or Non -Fungible Tokens. COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorized instructions or code including, but not limited to any set of maliciously, intentionally, unintentionally or accidentally introduced instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature located anywhere in the world. COMPUTER VIRUS includes, but is not limited to 'Trojan Horses', 'worms' and 'time or logic bombs'. Policy No.: NHD938594 Effective: 1/1/2024 RSG 96066 0821 RSUI INDEMNITY COMPANY This Endorsement Changes The Policy. Please Read It Carefully. EXCLUSION - MARIJUANA This endorsement modifies insurance provided under the following: ALL COVERAGE PARTS A. The following Exclusion is added: 1. We will not pay for loss or damage to "marijuana" or any property related to the design, manufacture, distribution, sale, serving, furnishing, use or possession of "marijuana". 2. We will not pay for that part of Business Income loss or Extra Expense incurred due to a "suspension" of your "operations" which involve the design, manufacture, distribution, sale, serving, furnishing, use or possession of "marijuana". B. Paragraph A. above does not apply to any "marijuana" that is not designed, manufactured, distributed, sold, served or furnished for bodily ingestion, inhalation, absorption or consumption. C. The following definition is added to the Definitions section: "Marijuana" means: Any good or product that consists of or contains any amount of Tetrahydrocannabinol (THC) or any other cannabinoid, regardless of whether any such THC or cannabinoid is natural or synthetic. Which includes, but is not limited to, any of the following containing such THC or cannabinoid: 1. Any plant of the genus Cannabis L., or any part thereof, such as seeds, stems, flowers, stalks and roots; or 2. Any compound, byproduct, extract, derivative, mixture or combination, such as, but not limited to: a. Resin, oil or wax; b. Hash or hemp; or c. Infused liquid or edible marijuana; whether derived from any plant or part of any plant set forth in Paragraph C.1. above or not. Policy No.: NHD938594 D938594 Effective: 1/1/2024 RSG 96068 1218 IL001711 98 COMMON POLICY CONDITIONS All Coverage Parts included in this policy are subject to the following conditions. A. Cancellation 1. The first Named Insured shown in the Declarations may cancel this policy by mailing or delivering to us advance written notice of cancellation. 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 nonpayment of premium; or b. 30 days before the effective date of cancellation if we cancel for any other reason. 3. We will mail or deliver our notice to the first N amed Insured's last mailing address known to us 4. Notice of cancellation will state the effective date of cancellation. The policy period will end on that date. 5. If this policy is cancelled, we will send the first N amed Insured any premium refund due. If we cancel, the refund will be pro rata. If the first N amed Insured cancels, the refund may be less than pro rata. The cancellation will be effective even if we have not made or offered a refund. 6. If notice is mailed, proof of mailing will be sufficient proof of notice. B. Changes This policy contains all the agreements between you and us concerning the insurance afforded. The first Named Insured shown in the Declarations is authorized to make changes in the terms of this policy with our consent. This policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy. C. 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 afterward. D. Inspections And Surveys 1. We have the right to: a. Make inspections and surveys at any time; b. Give you reports on the conditions we find; and c. Recommend changes. 2. 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 conditions: a. Are safe or healthful; or b. Comply with laws, regulations, codes or standards. 3. Paragraphs 1. and 2. of this condition apply not only to us, but also to any rating, advisory, rate service or similar organization which makes insurance inspections, surveys, reports or recommendations. 4. Paragraph 2. 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. E. Premiums The first Named Insured shown in the Declarations: 1. Is responsible for the payment of all premiums; and 2. Will be the payee for any return premiums we pay. F. Transfer Of Your Rights And Duties Under This Policy Your rights and duties under this policy may not be transferred without our written consent except in the case of death of an individual named insured. If you die, your rights and duties will be transferred to your legal representative but only while acting within the scope of duties as your legal representative. Until your legal representative is appointed, anyone having proper temporary custody of your property will have your rights and duties but only with respect to that property. IL 00 17 11 98 Copyright, Insurance Services Office, Inc., 1998 Page 1 of 1 ❑ Your policy has been signed on our behalf by our President and by our Secretary. However, your policy will not be binding on us unless it is also countersigned by one of our duly authorized agents. •y� President RSUI Indemnity Company Landmark American Insurance Company Covington Specialty Insurance Company foto J Secretary RSUI Indemnity Company Landmark American Insurance Company Covington Specialty Insurance Company ( Sul/ RSG 94001 0916 Hello