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MSIG 120 01 13 <br />i. You, if you are an individual; <br />ii. A partner, if you are a partnership; <br />iii. A member, if you are a limited liability company; <br />iv. An "executive officer" or the employee designated by you to give such notice, if you are <br />an organization other than a partnership or a limited liability company. <br />Notice to include: <br />a) How, when and where the "accident" or "loss" occurred; <br />b) The "insured's" name and address; and <br />c) To the extent possible, the names and addresses of any injured persons and <br />witnesses. <br />10. WAIVER OF SUBROGATION BY CONTRACT OR AGREEMENT <br />SECTION IV — BUSINESS AUTO CONDITIONS - A.5. Transfer of Rights of Recovery <br />Against Others to Us is deleted and replaced with the following: <br />We waive any right of recovery we may have against any person or organization because of <br />payments we make for "bodily injury" or "property damage" or "loss" arising out of the operation, <br />maintenance, use, loading or unloading of a covered "auto" when you and such person or <br />organization have agreed in writing in a contract or agreement to waive such right of recovery, <br />provided: <br />a. Such written contract or agreement was: <br />1) Made prior to the covered injury or damage; and <br />2) In effect at the time of the covered injury or damage; and <br />b. The injury or damage arises out of the operations contemplated by such written contract or <br />agreement. <br />This waiver applies only to such person or organization designated in such written contract or <br />agreement. <br />11. NEWLY FORMED OR ACQUIRED ORGANIZATIONS <br />The Named Insured shown in the Declarations is amended to include any organization you newly <br />form or acquire, other than: <br />A. A partnership, joint venture, or limited liability company; or <br />B. An organization excluded either by the provisions of this Coverage Part, or by endorsement, <br />and over which you maintain ownership or majority interest of more than 50 %, subject to the <br />following additional provisions: <br />1. This insurance does not apply to any newly formed or acquired organization that is an <br />"insured" under any other automobile policy or would be an "insured" under such a <br />policy but for its termination or the exhaustion of its Limit of Insurance. <br />2. Coverage under this provision does not apply to injury, damage, expense, or "loss" that <br />occurred before you formed or acquired the organization. <br />3. Coverage under this provision is afforded only until the next anniversary date of this <br />policy's effective date after you acquire or form the organization, or the end of the <br />policy period, whichever is earlier. <br />C. This provision does not include any newly formed or acquired organization 180 days after its <br />formation or acquisition, unless you have given us notice of the formation or acquisition. <br />12. TOWING AND LABOR COVERAGE EXTENSION <br />SECTION III — PHYSICAL DAMAGE COVERAGE, A.2. - Towing is deleted and replaced with <br />the following: <br />With respect to any "private passenger auto" or "light truck" you own that is provided both <br />Comprehensive Coverage and Collision Coverage in this policy or coverage part, we will pay up <br />Includes copyrighted material of ISO Properties, Inc., with its permission Page 6 of 8 <br />