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(2) Loss Sustained Entirely During Prior (4) The following examples demonstrate Insurance how we will settle losses subject to this If you "discover" loss during the Policy condition: Period shown in the Declarations, Example Number 1 resulting directly from an "occurrence" The Insured sustained a covered loss of taking place entirely during the policy $10,000 resulting directly from an period(s) of any prior cancelled .'occurrence" taking place during the insurance that we or any affiliate issued terms of Policy A and Policy B. to you or any predecessor in interest, we will pay for the loss, provided: Policy A (a) This insurance became effective at The current policy. Written at a Limit of the time of cancellation of the prior Insurance of $50,000 and a Deductible insurance; and Amount of $5,000. (b) The loss would have been covered Policy B under this insurance had it been in Issued prior to Policy A. Written at a effect at the time of the "occurrence". Limit of Insurance of $50,000 and a We will first settle the amount of loss Deductible Amount of $5,000. that you sustained during the most Settlement Of Loss recent prior insurance. We will then settle any.remaining amount of loss that The amount of loss sustained under you sustained during the policy period(s) Policy A is $2,500 and under Policy B, of any other prior insurance. $7,500. (3) In settling loss under Paragraphs k.(1) The highest single Limit of Insurance and k.(2): applicable to this entire loss is $50,000 written under Policy A. The Policy A (a) The most we will pay for the entire Deductible Amount of $5,000 applies. loss is the highest single Limit of The loss is settled as follows: Insurance-appl; able dura g .h e period of loss, whether such limit (a) The amount of•los s sustained under was written under this insurance or Policy A ($2,500) is settled first. The was written under the prior insurance amount we will pay is nil ($0.00) issued by us. because the amount of loss is less than the Deductible Amount (i.e., (b) We will apply the applicable $2,500 loss - $5,000 deductible = Deductible Amount shown in the $0.00). Declarations to the amount of loss sustained under this insurance. If no (b) The remaining amount of loss loss was sustained under this sustained under Policy. B ($7,500) is insurance, we will apply the settled next. The amount recoverable is $5,000 after the Deductible Amount shown in the Declarations to the amount of loss remaining Deductible Amount from sustained under the most recent Policy A of $2,500 is applied to the loss (i.e., $7,500 loss - $2,500 prior insurance. deductible = $5,000). If the. Deductible Amount is larger The most we will pay for this loss is than the amount of loss sustained $5,000. under this insurance, or the most recent prior insurance, we will apply Example Number 2 the remaining Deductible Amount to The Insured sustained a covered loss of the remaining amount of loss $250,000 resulting directly from an sustained during the prior insurance. '.occurrence" taking place during the We will not apply any other terms of Policy A and Policy B. Deductible Amount that may have Policy A been applicable to the loss. The current policy. Written at a Limit of Insurance of $125,000 and a Deductible Amount of $10,000. 156 Page 8 of 15 © Insurance Services Office, Inc., 2015 CR 00 21 1115