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<br />the loss or damage shall hv payable within 30 (laps lilcreaftrr,
<br />13. Subrogation Upon Paynsent or settlement
<br />(a) The Ftind's Hight of Subrogasion.
<br />IYlleuerrr'l'he Fund shah have setilvd and Isaid a claim under this
<br />policy, all right of mbrogaliolt shall vest 1t1 The Fllll(I llllall ('rtrtl l)y;Illy
<br />act of tktr insured claimant.
<br />'lllr Food shall be suhroWIlyd to altd he Ci111tlYl Io'111'-iglus'll"
<br />remedies which the insured clattllam would IUM'(• Ilad :Iga1115t ally
<br />person or property in respect to tile claire had this policy not heett
<br />issued. Irrequested by The Fund, the insured claimant Shall transfer to
<br />'The Fllod all rights and rruledirs agaillst any person or property,
<br />necessary in order to perleCl this right of sularogatiohs. The insured
<br />riaimaot shall pernlil'The Fund to sue. Compromise or settle ill the
<br />name of the insured (71AII am nslll to use the tlallle of lhr iusur(•d
<br />clxiltlant in ally tlwllsaclioll or Iitigatiolt involving these lights or
<br />remedies.
<br />era paynnettt alt acromit ora rialto does not folly corer tltc loss of the
<br />iosnred claimant, -[lee Fund shall he sullrogated ul these rights and
<br />remedies ill the proportion which 'rite Fund's payulelat Imus to the
<br />whole anlouat of the loss.
<br />If loss should resnit from any act or the insured ttaiutanl, as stated
<br />above, that an shall not' -avid this yeti'-}', tan I'he Ftutd, in That ev ill,
<br />shall be required Io pay only that !tart. (If aII to c s iISIued ag:linst toy
<br />this policy ochfth shalt exe(ed ilur anunuu, it :111% hest to The Flmd by
<br />reason of the impairment by the iItsrlre(1 clafroanl of The Firod'sright
<br />of subrogation.
<br />(h) The rund's flights Against tllon•insured Obligors.
<br />The Fund's right of subrogallon ag.+illst notl•iusurc(l obligor, shall
<br />exist and shall hiclude, wjlhola liluilmioro, the tights of like iosure•d to
<br />i n denll i les, guarani jrs, other poli( ics of i I m I l ante aa• hotl(is, notwi t h-
<br />stalldi leg ally terills Ur c'ond j l IQl1ti Cglhllli nl'I I ill 1II M V t l Iritrnl l l e I lt5 whi e I t
<br />provide for subrogation rights by reasoll Ili this P01117-
<br />14 Arbitration
<br />Unless prohibited by applicable law, arbitrafioe Pursuard to fit'- T'ifle lrlsur-
<br />artre Arbitration Roles of the American Arbitration Assoeiulioe may be
<br />demanded ifagreed to by bath The Fond arrd the insured. Arbilrable readers
<br />way inrlude, but are rlot lfmitrdto, nlryconfroversyarrfaim behcern The Fuld
<br />and the buvred arising old of or relating to th is Policy, and service of7he Bund
<br />it, cormectiou with its issuaetre or the breach of a policy Provision or other
<br />obligation. Arbitration pa rsuant fit this prof icy and ander the Rules in of jest an
<br />the date the demand for arbitration h made or, at the oplion of the insured,
<br />the Rules in effect at Date of peficy shall be birulillg upon the parties.'Tie
<br />arvard may irtcltude affonteys' fens otlly if the !fetus ofthe state i" which the fared
<br />is located ibcmrif a ralrri to anwrd atlormUs' fees to a prehlaiflug /nary.
<br />• fndennent upon the award rendered by the Arbitmtor(s) may be entered in airy
<br />court furring frlrisdiction thereof.
<br />The law of the situs of I I I v Lull shall apply to an arhitraliosl under the
<br />Tide II1snI:uu a AI hiIImiolI ltolvs.
<br />1.l copy heohann
<br />(el te- it, II ;ly he tit'(i frot'Ileou
<br />Fnd upn g
<br />orclet-st.
<br />i5. LiahilIIy I.intited to this Policy; Policy Ell tire Contract
<br />(a) I his polis} u,g( Ihrr sv71h .dl end(nivutruls, if any, aITac INed
<br />l)crolr, by the Fund is Ilk(' retire peeluV;11ul ronlrart hetween Illi
<br />insarecl autl The Fund. ill inle-tpn•Iing.env p'(WBitat urthis pulley, this
<br />polhl• shall he I onslrurei as t whole.
<br />(1)j Auv I flim illloss or dlmage, tlliciller or nut bslsed on 11 '9
<br />ga'uty, rtxl whit h :oases out of Ilse status ed the titer It, ill( (malt. or
<br />nllejcTg rell'r9ed herehtl or by atlyaclinu ;murting serer l-Imul, .hall Lt'
<br />I esp ire d II Ihis puliev.
<br />try No aulendineul orf ler a•ulorscmeut to Ibis policy can fu• luade
<br />except 1,y a wlitiug endotsrd hereon u1. :otaclicit hereto signed In•
<br />eilh('r the plesideut, a 1 sea• I°rcmdent, or Agent of the Tend.
<br />16. Sen rability
<br />In Illee vela luic provision til ll(• lnli(visheld incaljd ill' utu-111 lrrcable
<br />under applicable lass, I lie polity ,halt Ire deenhed not u) int. 111111. that
<br />prurisjolt and ;ll other l,racl,ilnl, sent re`lllaill ill tall forte a1ld effect.
<br />17. Notices, Where Sell[
<br />All notices recluirrd 14}ee gi—L, The Fund and any statement ill wlRing
<br />h-caluired to he ImllisLrd The Fund shill include the Plumber of this
<br />polity tllci shall by addressed to Y 11e Fund at its prinrillat office al Posl
<br />()Ili((. !lox ti'?ft Alo, 00mido, Florida:32862-8600.
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