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<br />maIIen wbal the AmouIIl ofJiuanDceis in gcesl ofSI.OllO.OllO sbal1 be lIIbiuated
<br />CIII1y wbal aped 10 by baIh the CampIIly md the IIIIured. AIbiInIiaa plIIIDIII1lo
<br />Ibis policy aacllIDderthe Rules in effectClll the dalethe danaD!lfor ubiIruion is made
<br />or. at the opIiClll of the iDIlnd. the Ra1cs in effecs at DIIe of Policy sbal1 be bindiDa
<br />upoD the partieI. The awanl may include aIIOIIleyI' fees CIII1y if the laws of the I1IIe
<br />in which the land is1cx:atcd permit a COUIt 10 awanl aIlonle)'I' feel 10 a prevailina
<br />pmy. Judament upon the awanl rendend by the AJbilntor(s) may be emend in aD)'
<br />CIlII!t having jurisdic:liClll thereof. .
<br />The law of the lilul of the land shall apply 10 an arbiIratiClll under the T"IIleInlllnDce
<br />AlbiuatiClll Ra1cs.. . .
<br />A copy of the Rules may be obIained fnlm the Company uJlClll request.
<br />15. LIABILITY UMITED TO THIS POUCY: POLICY ENTIRE
<br />CONTRACT.
<br />(a) This poUcy ..ether with all endorsements, If IUIY. attached bereto by the
<br />CCIIlIpanylstheenllrepollq and contract between the Insured and the Company.
<br />In Interpreting any provision of this policy, this policy shall be construed u a
<br />nolL .
<br />(b) Ally claim ar:1osII or damap, nether or not based on negligence, IUId which
<br />. arises out of the stalul of the tllle to the estate or Interest coven!d hereby or by
<br />IUIY action usertlnglUCh cIabn, shall be restricted to this policy.
<br />(c) No amendment of or endorsement to this policy can be made exept by a
<br />wrlllng endoned hereon or altaelled bereto signed by either the PresIdent, a
<br />VIce PresIdent the Secntary, IUI AssIstant.Secr.etary,.or-vaUdallng,afIIcer or
<br />authorized signatory of the CCIIlIpany.
<br />16. SHVERABn.ITY.
<br />In the' event any provision of the policy ii helcl invalid or unenfcm:eable IIIlcler
<br />applicable law, the policy shall be deemed not 10 include that provision and aU ~r
<br />provisionl shall ranain in full force and effect. .
<br />17. NonCE.. WHERE SENT.
<br />All notices required 10 be given the Company and any statement in writing required
<br />10 be furnished the Campany shaU include the number of Ibis policy and shall be
<br />addressed 10 the Campany at P.O. Boll. 1591, Baton Rouge, Louisiana 70821,
<br />COMPLAINT NOTICE .
<br />Sbould any dispute arise about your premium or about a dalm that you have
<br />filed, conlact the agent or write to the Company that Issued the policy. If the
<br />problem Is not resolved, you also may write theTau Departmentoflnsurance,
<br />P.O. Bos 149091, Austin, TX 7871....9091. Fa No. (512) 475.1771. ThIs notice
<br />of complaint proCedure Is for Informallon only and does not become a part or
<br />coodlllon of the pollq.
<br />
<br />ICCOIdance wiIh these CCIIlcIitioIlI sncl Stipulati..... the IoIs or damage shall be
<br />payable within 30 clays thereafter.
<br />13. SUBROGATION UPON PAYMENT OR SETI'LEMBNT.
<br />(a) The ComDllllV'S RiRht m SubmJration.
<br />Whenever the CampIIly shall have sealed ad paid a ciaim 1IIIIIer Ibis policy, aD
<br />riaht of subroptiClll shall vest in the Company unaffected by aD)' act of the insured
<br />. claimanL
<br />The Company shall be subrogated 10 md be entitled 10 aU riahts sncl remedies that
<br />the insured c1aimant wou1d have had against aD)' penon or property in respect 10 the
<br />c:Wm bad this policy Dot been issued. If requested by the Company, the inIuRcI
<br />claimant shaIllrllDsferlo the Company aU righta and remedies against any penon or
<br />propen.y necessary in onIerloperfect Ibis riahtof subrogation. The insuredc:Wmlllt
<br />shall permit the Company 10 sue, c:ampromiIe or settle in the II8IIle of the insured
<br />c1aimant and 10 use the name of the insured c1aimant in any transac:ticm OJ" litigation
<br />involving these riahts OJ" remedies,
<br />If a payment on acc:ount of a c:Wm does ~ fully cover the IoIs of the insured
<br />c1aimant, the Company shall be subropted to these rights and remedies in the
<br />proporticm that the Company's payment bean 10 tbe whole.IIDOIIIlt of the IoIs.
<br />If loss should result from aD)' act of the insured claimant, as stated above, that act
<br />shaUnot void Ibis poliey, but the Campany,in that event, shall be required 10 pay only
<br />that part of any losses insured against by Ibis policy that shall exceecl the lIDount, if
<br />any,101t 10 the Company by reason of the impairment by the insured c1aimlllt oftbe
<br />Company's right of SubrogatiClll, , . _ -___
<br />(b) The Con\panv's RiRhts Auinst Non-insured Obli2OlS.
<br />The Company's right of subrogation against DCIIl-insured obIigon shall exist aacI
<br />shall include, without limitatiClll, the rights of the insured 10 indemniJiel, guaranties,
<br />other policies of insurance or bonds, .notwilhstanding any tem1I or c:ooditions
<br />contained in those instruments which provide fOJ" subrogatim rights by realClil of Ibis
<br />policy,
<br />14, ARBITRATION.
<br />Unless. prohibited by applicable law or unless this arbitration section is cIeleIecI by
<br />specific provision in Schedule B oflbis policy, either the c:ompanyorthe insured may
<br />danandarbilrationpunuantlothe TItle AmiUlltionRulesortheAmeric:an AlbiuatiClll
<br />Association. Arbitrable mallen may include, but are Dot Iimit.ed 10, any conlroYeny
<br />orc1aim between the Company and the Insured ariling out of orre.Jating 10 Ibis policy,
<br />any service of the Company in COIlDection with its issuance or the breach of a policy
<br />provision or other obliption. All arbitrable mauen when the AmOllllt of Insurance
<br />is $1,000,000 or leiS SHAlL Be arbiuat.ed at the request of either the Company ell'
<br />the Insured, unless the insured is an individual perIOD (as distinguished fnlm a
<br />corporation, trult, partnership, associatiClll or other legal entity). All arbitrable
<br />
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