06/01/1987 Park Board Packet - Laserfiche WebLink

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' LLOYD'S, U.S. } 1999 Bryan Street — Dallas, Texas General Endorsment i Representative insured Mendel S. Kaliff American Bicycle Association 70 N. E. Loop 410 8620 New Braunfels #311 San Antonio, Texas 78216 San Antonio, Texas 78217 B. Event Cancellation—(For Per Event Premium Events). In the event a premium per event racing prcctam is cancelled for any reason and no race vehicles have been on a track, 100% of the premium for saic program will be refunded to the Insured.If a racing program is cancelled for any reason,including adverse wealner conei- ►ions, after any cars have been on the track for any reason including practice laps,warm up laps, hot laps, or time trials, 25%of the premium for said program shall be retainec by the Company. In the event more than one-half(112)of the events have been run belore a program is called off, or if the spectators (rain cnecks)are not honored on another race day, 100% of the premium shall be retained by the Company. C. Policy Cancellation—The words thirty(30)days are substituted for the words ten(10) days appearing in the second sentence of the cancellation conditions in item eleven (11)Conditions of this policy. IV. Additional Exclusions: A. This insurance does not apply to any loss on a premises owned by,rented to or controlled by any Insured for any of the following: 1) for carnivals, fairs, or exhibitions unless specifically endorsed hereon. 2)any motorized amusement rice or device unless specifically encorsed hereon. B. This insurance allords no coverage for medical claims arising out of the injury to any person(s)while practicing for or participating in any contest or exhibition of an athletic or sports nature sponsored by the Insured for im. mediate medical or surgical relief to any person so injured. C. This insurance affords no coverage for damage to the property of any person(s)which can be used in any capacity while practicing for or participating in any contest or exhibition of a nature sponsored by the Insured.This limita- tion includes the privately owned vehicles,towing vehicles,transporter vehicles and trailers parked in the restricted area for the convenience of participants whether or not the vehicles are used in the course of maintenance of competing race vehicles.This limitation does not apply when such camaoe occurs outside the pits anc restricted area or when vehicles and associated equipment are parked in an area designated for parking and not co-used as a competition pit area. V. Additional Conditions: jA. The limit of the Company's liability for all damages, including damages for care and loss of services, arising ti out of Bodily Injury,Including death at any time resulting therefrom,sustained by one or more persons and for i all damages,including damages for loss of use,arising out of Injury to or destruction of property snail not exceed the face amount of the policy as a result of any one occurrence. B. Regardless of(1)the number of Insureds under this policy, (2)persons or organizations who sustain injury or damage,or(3)claims made or suits brought,the Company's liability resulting from any one claim shall be limited to the amount stated in the schedule as applicable to "each claim" or "each occurrence." C. Further,the extended coverages(a)the products hazard or the completed operations hazard, or(b)rendering of or failure to render professional services by or on behalf of the Named Insured are limited in the Aggregate to the face amount of the policy during each annual period,such Aggregate limit to apply separately to(a)and(b). j D. Under Comprehensive General Liability coverage,A—Bodily Injury liability,exclusion"C"is deleted in its entirety. j E. Under Broad Form Comprehensive General Liability Endorsement, Section III Premises Medical Payments Coverage, exclusion "two' is deleted in its entirety.All other terms and conditions of said Policy remain unchanged. Dated: By Au;nonzed Representative Endorsement #One (1)