PREFERRED POOLS OF HOUSTON, INC

Transcription

1 Cover Page and Binding Instructions Insurance Carrier: Certain Underwriters at Lloyd's London (760) Underwriter: Retail Brokerage: Stampede Insurance Services Broker / Rep: John Rebollo STEP 1 - Review, Sign, and Collect requirements Signed Application Signed Endorsements (if selected) Signed No Loss Letter Signed Finance Agreement Payment in the amount of: $4, STEP 2 - Upload, , or Fax request to (760) Upload or signed copy to your underwriter Underwriter will review your submission and bind STEP 3 - Policy issued via Policy will be ed to: sisinc.info1@gmail.com STEP 4 - Payment Options STEP 5 - Send SCIS Check Authorization form for amount due at time of binding. PAY-IN-FULL $4, LOW-DOWN PFA $1, RD PARTY PFA $2,461.65

2 Coverage - Pricing - Payment Information PRICING IS VALID FOR 30 DAYS FROM: 5/26/2016 COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE LIMIT $1,000,000 GENERAL AGGREGATE LIMIT $2,000,000 HOT TAR & TORCHDOWN $100,000 SUBLIMIT FIRE CAUSED BY HEATING DEVICE $100,000 SUBLIMIT PRODUCTS/COMPLETED OPERATIONS $2,000,000 PERSONAL & ADVERTISING INJURY $1,000,000 FIRE LEGAL LIABILITY $50,000 MEDICAL PAYMENT LIMIT $5,000 DEFENSE EXPENSES AS THE TERM IS DEFINED IN THE POLICY ARE INCLUDED WITHIN THE INDEMNITY LIMITS AS DEFINED IN THE POLICY RATING INFORMATION BASED ON GROSS RECEIPTS/SALES: $300,000 SIR (PER CLAIM) $1,000 SUNSET TERM: Yes No POLICY TERM: 1 Year CLASSIFICATIONS: SWIMMING POOL INSTALLATION PRICING INFORMATION PREMIUM $1, POLICY FEES $ ENDORSEMENTS $ Broker Fee $1, TX Stamping Fee $4.00 TX Surplus Lines Tax $ TOTAL: $4, DOWN PAYMENT, TAX & FEES DUE WITHIN 10 DAYS OF EFFECTIVE DATE OR CANCELLATION NOTICE WILL BE SENT.

3 Endorsements Selected Please note these endorsements were selected for this policy at bind. Endorsement Name Form # Contractors Shield Common Policy Declarations DCCS Commercial General Liability Coverage Part Declarations DCCS Schedule of Forms DCCS Nuclear Energy Liability Exclusion IL Notice - Offer of Terrorism Insurance Coverage DCCS Notice to Policyholder - Important Claim Information (attach to all policies) DCCS Notice to Policyholder - Texas Guaranty Fund (attach to Texas policies) TX Texas - Important Notice (attach to Texas policies) TX Syndicate Page Lloyds UW 012 Bodily Injury On Property Owned By Insured DCCS Service of Suit Clause NMA 1998 War and Terrorism Exclusion Endorsement NMA 2918 Serveral Liability Notice LSW 1001 Lloyds Privacy Policy Statement LSW 1135B Terrorism - Purchased LMA 5218 Electronic Data Recognition Endorsement NMA 2802 Cancellation Clause NMA 1331 Applicable Law LMA 5021 Sanction Limitation Endorsement LMA 3100 Contractors Shield Commercial General Liability Coverage Form DCCS Blanket Additional Insured - Ongoing Operations DCCS Independent Contractor / Subcontractor Restrictions Modification $50,000 Sublimit DCCS DCCS not found. Package=ContractorsShield4 ADDITIONAL ENDORSEMENTS ARE AVAILABLE, CONTACT YOUR UNDERWRITER FOR MORE DETAILS.

4 Application INSURED'S INFORMATION Effective Date: 5/26/2016 Applicant: Contact: David Russell Physical Address: 1130 Winfield Ln City, St Zip Kemah, TX Telephone / Fax: Address: Contractor's license #: N/A Business Type: Corporation WORK EXPERIENCE: States in which you do business: Texas Years in business for yourself: 10 Years in profession: 15 Detail Description of Operation: Pool Construction EXPOSURES: a. Gross Receipts for the next 12 months? $300,000 b. What are the Gross Receipts for the last 12 months? $300,000 c. What are your "Insured" subcontractor costs for the next 12 months? $200,000 d. What is payroll for the next 12 months? $24,000 e. Number of field employees? 2 WORK EXPERIENCE: Percentage of work Performed: Residential Commercial New Tract Remodel/Repair/Service Describe in detail your largest project in the last 5 years along with the receipts $$$. (DETAIL REQUIRED BY CARRIER FOR APPROVAL): New pool construction $16k Have you been involved or do you subcontract any work involving blasting operations, hazardous waste, asbestos, mold, PCB's or medical and/or industrial life? Yes No SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 1 of 6

5 Application WORK EXPERIENCE: (continued) Do you use subcontractors? Yes No What % of your subcontractors do not carry general liability insurance: 0% Do you always collect certificates of insurance from sub-contractors? Yes No What minimum General Liability limit is required: $1,000,000 Do you always require sub-contractors to name you as additional insured? Yes No Do you have a standard formal written contract with sub-contractors? Yes No If yes, does it have a hold harmless/indemnification agreement in your favor? Yes No Do you do any work for condominium or townhouse associations? Yes No Do you do OCIP (Wrap-up) work? Yes No Any work performed for a fee or with labor and/or material costs paid by others? Yes No Have you allowed or will you allow your license to be used by any other contractor? Yes No Has any lawsuit ever been filed, or any claim otherwise been made against your company of any partnership or joint venture of which you have been a member of your company's predecessors in business, or against any person, company or entities on Yes No whose behalf your company has assumed liability? Is your company aware of any facts, circumstances, incidents, situations, damages or accidents (including but not limited to: faulty or defective workmanship, product failure, construction dispute, property damage or construction worker injury) that a reasonably prudent person might expect to give rise to a claim or lawsuit, whether valid or not, which might directly or indirectly involve the company? Yes No SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 2 of 6

6 Application SUPPLEMENTAL QUESTIONS: (work in progress) Do you have a project in progress for which you are seeking coverage under this application? SUPPLEMENTAL QUESTIONS: (litigation against applicant's) Within the past 4 years have you filed any lawsuits and/or arbitration actions against any of your customers for nonpayment of your services and/or materials you supplied? Yes Yes No No X HAS NO LOSSES SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 3 of 6

7 Application Signature Pages The policy you are applying for is issued by a Surplus Lines Carrier. The Surplus Lines Carrier may not be subject to all of the insurance laws and regulations of your State. State insurance insolvency guaranty funds are not available for a Surplus Lines Carrier. The Applicant acknowledges that Applicant has read or has had the opportunity to read a sample of the Policy form that will be issued to the Applicant as well as commonly used endorsements. The Applicant further acknowledges that the sample may not contain all of the endorsements, restrictions that may be ultimately issued to the Applicant. The Applicant further acknowledges that a copy of the Policy form and commonly used endorsements has been made available to Applicant s broker. Further the Applicant acknowledges that a copy of the Contractors Shield Policy form and commonly used endorsements are available for review by either the Applicant or the Applicant s broker by contacting Shield Commercial Insurance Services at x223 or sgil@shieldins.net Applicant s Initials: THERE ARE EXCLUSIONS, RESTRICTIONS, SUBLIMITS AND CONDITIONS IN THE POLICY THAT LIMIT COVERAGE. SOME, BUT NOT ALL OF THESE ARE TITLED AS FOLLOWS:. DEFENSE COSTS REDUCE INDEMNITY LIMITS BINDING ARBITRATION CLAUSE SELF INSURED RETENTION TORCH AND HOT TAR SUBLIMIT OF $100,000 Applicant confirms that a 2 hour fire watch is required for sub limit coverage HEATING DEVICE SUBLIMIT OF $100,000 SOME OF THE EXCLUSIONS SUB-CONTRACTOR RELATED CLAIMS UNLESS INDEMNITEE AGREEMENTS, CERTIFICATES EVIDENCING QUAL OR GREATER LIMITS AND ADDITIONAL INSURED STATUS ARE OBTAINED PRIOR TO COMMENCEMENT OF WORK OPEN ROOF WATER DAMAGE EXCLUSION TOTAL POLLUTION VARIOUS MATERIAL, BIOLOGIC AND RADIATION EXCLUSIONS: ASBESTOS; CHROMATER COPPER ARSENATE; CONCRETE SULFATES; ELECTROMAGNETIC RADIATION; LEAD; MOLD; BACTERIA AND OTHER ORGANICALLY- CAUSED DAMAGES; CHINESE DRYWALL AND OTHER IMPORTED BUILDING MATERIALS; FIBERGLASS; FORMALDEHYDE; ARSENIC; FIRE RETARDANT TREATED PLYWOOD; ENTRAN PIPE; CCA WOOD PRESERVATIVES; AIRBORNE MANGANESE; DIOXIN; SILICA; MIXED DUST; POLYCHLORINATED BIPHENYLS; TRANSMISSIBLE SPONGIFORM ENCEPHALOPATHY; COMMUNICABLE DISEASE EARTH MOVEMENT BLASTING OPERATIONS LIABILIITY TO EMPLOYEES (ACTION OVER) EXTERIOR INSULATION AND FINISH SYSTEMS (E.I.F.S) PAST PROJECTS/PRIOR WORK (Unless in continuous and unbroken renewal under the policy) JOBS IN PROGRESS REQUIRE ENDORSEMENT CONDOMINIUM AND TOWNHOUSE EXCLUSION EXCEPT FOR REPAIR TO INDIVIDUAL UNIT FOR UNIT OWNER WRAP-UP/OCIP EXCAVATION FOR OTHER THAN SINGLE FAMILY HOUSING, AND EXCAVATION OVER 8' FOUNDATION REPAIR GREEN BUILDING MULTIFAMILY DWELLINGS IN EXCESS OF 15 UNITS TRACTS IN EXCESS OF 15 HOMES NON-COMPLIANCE WITH BUILDING CODES UNLICENSED WORK PROFESSIONAL LIABILITY TERMINATION OF COVERAGE FOR FAILURE TO PAY OR COOPERATE WITH AUDIT The Applicant further acknowledges the Policy has other restrictions in coverages. Applicant s Initials: SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 4 of 6

8 Application Signature Pages The Applicant authorizes the Broker to sign on behalf of the Applicant any documents modifying the terms and conditions of the policy including but not limiting to the purchase of additional endorsements, changes in coverage including policy limits, and the execution of any documents necessary to obtain a renewal and/or extension of the policy. Applicant s Initials: The Applicant warrants that after inquiry, no one employed by or associated with Applicant is aware of any complaints, allegations, demand for payment of money or the performance of services, claims, incidents, potential claims, acts, errors, omissions, facts, circumstances, situations, events or transactions that could reasonably result in a claim or lawsuit being presented against Applicant or anyone employed by or associated with Applicant The Applicant warrants that the above statements and particulars, together with any attached or appended documents or materials (this application), are true and complete, and do not misrepresent misstate, or omit any material facts. Furthermore, the Applicant authorizes SCIS as administrative and servicing manager, to make any investigation and inquiry in conjunction with the application as it may deem necessary. The Applicant agrees to notify SCIS of any material changes in the answers to the questions on this application which may arise prior to the effective date of our Policy issued in pursuant to this application and the Applicant understands that any outstanding quotations may be modified or withdrawn based upon such changes at the sole discretion of SCIS. The Applicant further understands that, if a Policy is issued, this Application will be incorporated into and form a part of such Policy and any false information provided in this application will result in nullification of the Policy. The Applicant understands that information contained herein is specifically relied upon by SCIS in the issuance of the Policy. The undersigned, therefore, warrants that the information contained herein is true and correct. The Applicant understands that misrepresentation or omission shall constitute grounds for either an early cancellation or denial of coverage of claims, if any. It is understood that the Applicant and or affiliated companies are under a continuing obligation to immediately notify SCIS of any material alteration of the information given. The Applicant also acknowledges, that the Applicant has not sustained a loss nor has any claim been made against the Applicant within the last 5 years unless otherwise disclosed in this application. Applicant s Initials: The Applicant understands that if the Applicant utilizes the premium finance arrangement provided through SCIS the program & filing fees, inspection fee and agency fee will be fully earned and Applicant is responsible for and will guaranty those payments. Applicant s Initials: SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 5 of 6

9 Application Signature Pages Notwithstanding any of the foregoing, the Applicant understands SCIS is not obligated nor under any duty to issue a Policy of insurance based upon this application. SCIS is relying on the statements in issuing the policy. The Applicant's statements are material and truthful. The applicant is signing this statement under penalty of perjury. NOTICE: In some states, any person who knowingly, and with the intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information, or, for the purpose of misleading, conceals information concerning any fact material thereto, may commit a fraudulent insurance act which is a crime in many states. Please bind per quote with the effective date of 5/26/2016 Date: Signature of Applicant: Title (Owner, Office, Partner): SCIS-CGL-APP Form Edition 05/10/13 SCIS All rights reserved Page 6 of 6

10 NOTICE OF TERRORISM INSURANCE COVERAGE I You are hereby notified that under the federal Terrorism Risk Insurance Act, as amended ("the Act"), the Company must make available insurance coverage for losses arising out of acts of terrorism, as defined in Section 102(1) of the Act. This policy includes such coverage for damages arising out of certified acts of terrorism and is limited by the terms, conditions, exclusions, limits, other provisions of the coverage quote or renewal application/questionnaire to which this offer is attached and by the policy, any endorsements to the policy and The term "act of terrorism" means any act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State, and the Attorney General of the United States to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property, or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States mission; and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. YOU SHOULD KNOW THAT COVERAGE PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 85% OF COVERED TERRORISM LOSSES EXCEEDING THE STATUTORILY ESTABLISHED DEDUCTIBLE NO PREMIUM IS CHARGED FOR THIS COVERAGE NOR IS ANY CHARGE MADE FOR THE PORTION OF LOSS THAT MAY BE COVERED BY THE FEDERAL GOVERNMENT UNDER THE YOU SHOULD ALSO KNOW THAT THE 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. 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 "ACTS OF TERRORISM". UCISG Notice of Terrorism

11 DILIGENT SEARCH REPORT 1. hereby submits that he/she is: (Full Name of the Individual) (A) Duly licensed under Texas Department of Insurance license number ;, OR (B) an (C) an (D) Duly licensed and authorized to act as an endorsee on the organizational license of, Texas Department of Insurance license number ;, (Name of Organization) that he/she or said organization licensee was engaged by the insured named herein, or the insured's broker, to obtain insurance as described in this report; is the licensee who performed or supervised this diligent search. 2. (A) Name of Insured (B) Address of Insured 1130 Winfield Ln (Street and Number) (C) Description of the Risk Contractor Kemah, TX (City) (State) (Zip Code) (D) Location of Risk 1130 Winfield Ln (Street and Number) (e.g. Laundromat, Liquor Store, -NOT TYPE OF COVERAGE) Kemah, TX (City) (State) (Zip Code) (E) Type of Insurance coverage General Liability (Enter Appropriate Code Number from Pg. 3) 6. (A) Describe the diligent efforts made to place this coverage with admitted insurers and describe how the search was performed (please add additional pages if necessary):

12 (B) If search was performed by someone other than the person named on line 1, please provide full name of that individual: 7. (A) Was the risk described in Section 2 submitted by you or by someone under your supervision to at least (3) insurers that are admitted in Texas and who actually write the type of insurance described on lines 2(C) and 2(E)? (CHECK ONE) Yes No (B) If YES, please complete ALL sections of the following table; if NO, skip to Section 8: Full Name of Admitted Company First & Last Name of Company Check if Month, Year Declination Representative AND Telephone Employee (E) of Declination Code* Number or Agent (A) 1. E ( X ) or "Online Declination" A ( ) Website 2. E ( X ) or "Online Declination" A ( ) Website 3. E ( X ) or "Online Declination" A ( ) Website Declination Codes: 1-Company's capacity reached 2-underwriting reason 3-refused to state 4-other 8. If 7(A) was answered NO, complete the following: (A) Did you determine that fewer than 3 admitted insurers actually write the type of insurance described on lines 2(C) and 2(E)? (CHECK ONE) Yes No (B) If NO, please explain in detail why the risk was subitted to less than three admitted insurers in Texas that write this type of insurance. (C) If Yes, please describe how you made this determination. The undersigned licensee hereby certifies that this report is true and correct, and that this risk is not being placed with a non-admitted insurer for the sole purpose of securing a rate or premium lower than the lowest rate or premium available from an admitted insurer. (Signature of Licensee Named on Line 1) (Date)

13 1130 Winfield Ln Kemah, TX Loss Warranty Letter During the last five (5) years, we warrant that with respect to the insurance being applied for: 1. I/We have not sustained a loss, 2. I/We have not had a claim made against us, 3. I/We have no knowledge or a reason to anticipate a claim or loss. If my business is less than five (5) years old, the above referenced warranty applies to work performed through all my prior business entities whether as an owner or an employee. I understand that this warranty will be incorporated into the insurance contract. DBA Date Signature of Partner, Officer, Principal or Owner Title Warranty: The purpose of this no loss letter is to assist in the underwriting process. Information contained herein is specifically relied upon in determination of insurability. This letter warrants that the information contained herein is true and accurate to the best of his/her knowledge and belief. This no loss letter shall be the basis of any insurance that may be issued and will be a part of such policy. It is understood that any misrepresentation or omission shall constitute grounds for immediate cancellation of coverage or rescission of policy and denial of claims, if any. It is further understood that the applicant and or affiliated company is under a continuing obligation to immediately notify his/her underwriter through his/her broker of any material alteration of the information given.

14 Originated by MW Premium Finance Corp. Lic. #2126 Serviced by PREMCO FINANCIAL CORPORATION P.O. BOX KALAMAZOO, MI Phone (269) fax (269) COMMERCIAL LENDING DISCLOSURE Stampede Insurance Services 40 N Atadena Drive Ste 203 Pasadena, CA Winfield Ln Kemah, TX , , , , , % Premco Financial Corp. All loan amounts under $1,000 will be subject to a $10 payment processing fee, which will be added to the payment shown on the monthly invoce /26/ /26/2016 Lloyds of London Administered by: Shield Commercial Insurance Services, Inc. GL 12 2, Fee: Tax: Broker Fee: 1, TOTAL: 4,202.45

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16 P REMCO FINANCIAL CORPORATION (269) ph (269) fax po box kalamazoo, mi EFT AUTHORIZATION AGREEMENT Account Information: You are the Agent the Insured Name: PREMCO Loan / Quote #: Address: I (we) hereby make, constitute, appoint and authorize Premco Financial Corporation, hereinafter called COMPANY, as my/our true and lawful attorney to charge to my/our account at the financial institution named below, hereinafter-called DEPOSITORY, and to credit the same to my account with COMPANY. I/We acknowledge that charges to my/our account will occur in accordance with my/our Loan / Quote# as indicated above (and subsequent accounts) and may be adjusted or corrected for events including but not limited to endorsements, administrative error, and/or insufficient funds until my/our account balance is paid in full. Bank Account Information Bank Name: City: State: Routing # Account # Type: Checking Savings This Power of Attorney and authorization is to remain in full force and effect for this account and all of my/our subsequent accounts until COMPANY has received written notification from me (us) of its termination in such time and in such manner as to afford COMPANY and DEPOSITORY a reasonable opportunity to act on it, but in no event will occur later than three business days prior to the scheduled date of transaction. I/We further understand that sufficient funds must be available at the time each transfer is processed. In the event that there are insufficient funds, Premco will charge up to the maximum NSF fee permitted by law. If this authorization is for a Corporation or LLC, the undersigned is an officer of said Corporation or a member of the LLC and authorized to execute this authorization on behalf of the Corporation or LLC. Tape a voided check (checking) or deposit slip (savings) here. Please verify that the account and routing transit numbers are correct. NOTE: ALL WRITTEN DEBIT AUTHORIZATIONS MUST PROVIDE THAT THE RECEIVER MAY REVOKE THE AUTHORIZATION ONLY BY NOTIFYING THE ORIGINATOR IN THE MANNER SPECIFIED IN THE AUTHORIZATION. Signatures: DO NOT SIGN UNLESS YOU HAVE READ AND UNDERSTAND ALL TERMS AND CONDITIONS OF THIS DOCUMENT Name: (Please Print) Signed: Date: Name: (Please Print) Signed: Date: Name: (Please Print) Signed: Date:

17 POLICYHOLDER NOTICE DCCS Notice of Terrorism Insurance Coverage Coverage for acts of terrorism is included in your policy. You are hereby notified that under the Terrorism Risk Insurance Act, as amended in 2007, the definition of an act of terrorism has changed. 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 concurrence with the Secretary of State, 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. The portion of your annual premium that is attributable to coverage for acts of terrorism is shown below: TERRORISM PREMIUM: $ 0 YOU SHOULD KNOW THAT WHERE COVERAGE IS PROVIDED BY THIS POLICY FOR LOSSES RESULTING FROM CERTIFIED ACTS OF TERRORISM, SUCH LOSSES MAY BE PARTIALLY REIMBURSED BY THE UNITED STATES GOVERNMENT UNDER A FORMULA ESTABLISHED BY FEDERAL LAW. HOWEVER, YOUR POLICY MAY CONTAIN OTHER EXCLUSIONS WHICH MIGHT AFFECT YOUR COVERAGE, SUCH AS AN EXCLUSION FOR NUCLEAR EVENTS. UNDER THE FORMULA, THE UNITED STATES GOVERNMENT GENERALLY REIMBURSES 85% 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 ABOVE 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. DCCS Page 1 of 1