FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page1

Ethio-American Insurance Company, Inc.

Taxi Cab Driver Policy

Georgia

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page2

ETHIO-AMERICAN INSURANCE COMPANY, INC.

TAXICAB DRIVER/OWNER INSURANCE POLICY

(Georgia)

NOTICE: THE TERMS AND RESTRICTIONS ON COVER-

AGE CONTAINED IN THIS INSURANCE POLICY ARE

BASED UPON THE INFORMATION YOU PROVIDED IN

YOUR APPLICATION FOR INSURANCE COVERAGE. THE

INFORMATION YOU PROVIDED HAS BEEN USED TO

ASSESS THE RISK OF LOSS AND OTHER TERMS CON-

TAINED IN THIS POLICY AND YOUR COVERAGE LIMITS

UNDER THIS POLICY.

PLEASE REVIEW THE ENTIRE POLICY AND YOUR APPLI-

CATION CAREFULLY. YOU ARE RESPONSIBLE FOR SE-

LECTING AND MAINTAINING AT LEAST THE MINIMUM

COVERAGES REQUIRED UNDER APPLICABLE MUNICI-

PAL CODES, ORDINANCES, AND/OR REGULATIONS FOR

YOUR TAXICAB BUSINESS.

I. General Defini ons

As used throughout this Policy:

1. The terms “you”, “your”, “yours”, and/or any

deriva6ve thereof shall mean the name of each

“insured taxicab driver”, individually, listed on

the Declara6on Page.

a. No “insured taxicab driver” listed on the

Declara6on Page is an authorized agent,

employee, assignee, or beneficiary of any

rights or coverage of another driver or

named insured taxicab driver listed unless

otherwise expressly provided in an en-

dorsement signed by us.

b. Some city ordinances, county rules and/or

local regula6ons in Georgia coun6es and/

or municipali6es expressly require that a

taxicab driver be the owner of the cab ser-

vice or employee of the taxicab company. If

you are a driver with a permit issued

through such a local jurisdic6on or licens-

ing en6ty, “you”, “your”, “yours” and/or

any deriva6ve thereof shall also mean the

named insured taxicab company listed on

your Declara6on Page for each named in-

sured driver; provided however, that the

taxicab company is also iden6fied as a

named insured on the policy.

2. The terms “Ethio-American”, “we”, “our”, “ours”

or any deriva6ve thereof shall refer to the insur-

ance carrier, Ethio-American Insurance Compa-

ny, Inc., its successors and assigns.

3. The terms “this insurance policy” or “Policy” or

any deriva6ve thereof means this document, the

Declara6on Page, the Uninsured Motorist Elec-

6on Form, and any endorsements or riders,

which are incorporated herein as one document.

No riders or endorsements are part of this Policy

unless they are signed by us and the Declara6on

Page is signed by us.

4. The term “motor vehicle” means any vehicle,

machine, tractor, trailer, or semitrailer propelled

or drawn by mechanical power and used upon

the highways in the transporta6on of passengers

or property, or any combina6on thereof.

a. Any trailer, semitrailer, or other wheeled

device in tow or otherwise aCached to the

motor vehicle(s) listed on the Declara6on

Page is not considered a “motor vehicle” or

part of a “motor vehicle” under this Policy

and is not covered by this Policy.

b. Any motorcycles, power equipment,

lawnmowers, off-road vehicles, motor vehicle

(s), or other equipment or property of any

kind that is in tow or on a trailer, semitrailer,

or other wheeled device aCached to the ve-

hicle(s) listed on the Declara6on Page is not

considered a “motor vehicle” under this Poli-

cy and is not covered by this Policy.

5. The term “effec6ve date of coverage” means

the date and 6me listed on your Declara6on

Page for when your insurance coverage for the

motor vehicle(s) and drivers listed on the Decla-

ra6on Page first goes into effect.

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page3

6. The term “accident” is an unexpected happen-

ing rather than one occurring through inten-

6on or design.

7. As used herein, “taxicab” carries the same

meaning as “taxi cab.”

8. The term “Declara6on Page” means the signed

“Declara6ons” page(s) with your policy number.

It must be signed by us to be a “Declara6on

Page” as defined herein. You are not covered

from any type of liability under this Policy un6l

we sign the Declara6on Page.

9. The term “covered accident” means an accident

that first occurs within the period of coverage

listed on the Declara6on Page to which the

terms and condi6ons set forth in this Policy

apply and have been met for providing cover-

age within the policy limits, subject to deduc6-

bles stated on the Declara6on Page.

10. The term “covered loss” means a loss to prop-

erty or other damages that first occurs within

the period of coverage listed on the Declara6on

Page to which the terms and condi6ons set

forth in this Policy and have been met for

providing coverage within the applicable limits,

subject to deduc6bles stated on the Declara6on

Page.

11. The term “taxicab company” means the named

insured taxicab company stated on your Decla-

ra6on Page for each separate driver.

II. What motor vehicles are covered under this

Policy?

1. The motor vehicle(s) listed on the Declara6on

Page are covered motor vehicles subject to the

terms and condi6ons in this Policy.

2. The terms and condi6ons affec6ng the insur-

ance coverage for each such listed motor vehi-

cle in the event of a covered accident or cov-

ered loss are stated in this Policy.

3. The monetary policy limits of the insurance

coverage you have selected, together with

applicable deduc6ble(s), are stated on your

Declara6on Page. Read the terms and condi-

6ons, as well as the coverage you have select-

ed, carefully. You are responsible for maintain-

ing the insurance applicable to your taxi per-

mit, license, and/or CPNC.

III. For the motor vehicle(s) listed on the Declara-

on Page, are there any uses of the motor vehi-

cle(s) that are not covered by this Policy?

Yes.

1. The motor vehicle(s) listed on your Declara6on

page are NOT covered motor vehicle(s) under

this Policy against liability for bodily injury or

property damage if you allow someone to drive

or operate the motor vehicle(s) other than:

a. yourself as a licensed taxicab driver with

a valid permit for you personally under a

taxicab company that was in good stand-

ing at the 6me of your applica6on for

insurance coverage from us;

b. another person that has been approved

by Ethio-American and the State of

Georgia or local taxi cab regulatory com-

mission as an approved and licensed taxi

cab driver with a valid permit. Unless

such other person is listed on the Decla-

ra6on Page as a named insured driver or

on another policy with your named taxi-

cab company on the Declara6on Page

for the relevant period of coverage, such

other person has NOT been approved by

Ethio-American as a driver to operate

the motor vehicle(s) listed on your Dec-

lara6on Page.

2. We will not pay for bodily injury or property

damage claims that are caused by an other-

wise covered accident or loss that occurs

when the motor vehicle(s) listed on your Dec-

lara6on Page are being used for personal

purposes by you, any approved drivers, or

any other person. For purposes of this Policy,

a motor vehicle is being used for “personal

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page4

purposes” when it is being driven, parked, or

stored in any manner for any purpose other

than the pick-up and transport of passengers

for hire by an approved driver. If you use the

motor vehicle(s) listed on your Declara6on

Page for personal purposes, you must obtain

separate insurance for such uses that are not

part of this Policy for commercial use only.

3. If, at any 6me aLer the effec6ve date of cov-

erage you or any other approved driver pur-

chases, rents, leases, drives, borrows or oth-

erwise operates a motor vehicle that is NOT

listed on the Declara6on Page, for personal

purposes, as a vehicle for hire under a Geor-

gia Cer6ficate of Public Convenience and Ne-

cessity, or any other purpose, this Policy does

not cover that vehicle or any bodily injury or

property damages that arise from any acci-

dent or loss involving that vehicle.

4. Motor vehicle(s) that are not listed on your

Declara6on Page are NOT covered by this

Policy.

IV. Who is a covered driver under this Policy?

The driver(s) listed on the Declara6on Page is a cov-

ered driver for covered accidents and losses to which

this Policy applies, while opera6ng such driver’s cov-

ered motor vehicle.

V. What Liability Coverage is provided under this

Policy?

A. Property Damage and Bodily Injury

1. For a covered accident to which this Policy

applies, we will pay for bodily injuries and

property damages that you are legally re-

quired to pay as the negligent party, up to

the limits of coverage stated on the Declara-

6on Page; provided further however, that for

any covered accident to which this Policy

applies, you have met your obliga6ons under

this Policy, paid the premium for liability cov-

erage in full, and the Policy has not been can-

celled prior to the accident or loss. The prop-

erty damage and bodily injury coverage in the

preceding sentence applies to liability im-

posed by law for damages based upon your

ownership, maintenance, or use of the motor

vehicle or motor vehicles within the United

States or the Dominion of Canada, subject to

the limits stated on the Declara6on Page and

the terms and condi6ons of this Policy, exclu-

sive of interest and costs accrued from a cov-

ered accident or loss. Such interest and costs

are also covered by us with regard to covered

accidents and losses under this Policy.

2. The maximum we will pay for a single cov-

ered accident or covered loss to which this

Policy applies is stated on the Declara6on

Page. An accident that gives or may give rise

to a separate cause of ac6on, whether actual-

ly brought as a separate ac6on or not, shall

be considered a separate accident that will

not increase the limits stated on your Decla-

ra6on Page per accident.

EXCLUSIONS TO COVERAGE FOR PROPERTY DAM-

AGE AND BODILY INJURY

This Policy does not provide you with liability cov-

erage for bodily injury damages, property damages, or

any other claims of any kind that are caused by or

arise out of the following:

a. Acts of terror or war. Bodily Injury or

property damage that is caused by any

event or act of war or terrorism, either

directly or indirectly;

b. Third Party/Employee/co-worker claims.

Injuries and losses that are or should be

compensable under Georgia’s Workers’

Compensa6on laws, by any third party,

employer, carrier, or yourself as a statuto-

ry employer or in any other capacity. In no

event shall this Policy subs6tute for, re-

place, or otherwise obligate us to cover

damages of any kind that is subject to any

workers’ compensa6on statutory scheme

in any state, or garage keeper insurance,

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page5

or a general liability policy of a taxicab

company or other en6ty. This Policy does

NOT cover bodily injury or property dam-

age claims by co-workers, property or

employees of yours or any taxicab compa-

ny you are or may be affiliated with or

operate under contract with as an inde-

pendent contractor or employee.

c. Inten onal acts. An act that you intend

to cause or reasonably expect will cause

bodily injury or property damage is not

covered by the insurance provided under

this Policy. A contract you enter into to

cover or assume liability for bodily injury

or property damage that has not already

been incurred or accrued as a claim or

chose in ac6on as part of an otherwise

covered accident or loss is not covered by

this Policy. Property damage or bodily

injury arising from racing events, unau-

thorized and inten6onal tailga6ng at taxi-

cab stands, or similar inten6onal acts, are

not covered by this Policy.

d. Miscellaneous damages as to property in

the taxicab driver’s custody or control.

This policy does not provide coverage for

property damage claims made by your

passengers, you, or any other persons

with regard to property (other than the

covered vehicles listed on the Declara6on

page) owned or transported by you, or

that was or is in your personal custody or

control.

e. Taxi cab passenger property loading, un-

loading. This Policy does not provide cov-

erage for bodily injury or property dam-

age that is caused by or results from the

loading of luggage or other property onto

your covered vehicle by means of a ma-

chine or other devise other than a hand

truck or loader that is aCached to your

vehicle or regularly used by you and regu-

larly carried in the vehicle for loading and/

or unloading of passengers or their prop-

erty.

f. Drivers and motor vehicles not listed on

the Declara on Page. This Policy does

not apply to accidents or losses of any

kind that do not involve covered drivers

and covered motor vehicle(s) listed on

your Declara6on Page.

g. Vehicle(s) used for personal use. This

Policy does not provide insurance protec-

6on to you or any of the drivers listed on

the Declara6on page when the vehicles

listed on the Declara6on are used for per-

sonal purposes.

h. Hazardous and toxic substances. Bodily

Injury and property damage that is caused

by the release of Hazardous and Toxic

substances at the 6me of or as a result of

an accident are not covered by this Policy.

“Hazardous and toxic substances” means

those chemicals or other substances

which are capable of causing harm. In this

defini6on, the term chemicals includes

dusts, mixtures, and common materials

such as paints, fuels, and solvents. OSHA

currently regulates exposure to approxi-

mately 400 substances. The OSHA Chemi-

cal Sampling Informa6on (CSI) file con-

tains lis6ngs for approximately 1500 sub-

stances; the Environmental Protec6on

Agency's (EPA's) Toxic Substance Control

Act (TSCA) Chemical Substances Inventory

lists informa6on on more than 62,000

chemicals or chemical substances; some

libraries maintain files of material safety

data sheets (MSDS) for more than

100,000 substances. All such substances

cons6tute “Hazardous and toxic substanc-

es” for purposes of this Policy.

i. The chemicals that are inherently

part of the vehicle(s) listed on the

Declara6on page, in its original and

unmodified state from the original

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page6

vehicle manufacturer, such as brake

fluid, power steering fluid, oil,

grease, bonded adhesives, and gaso-

line, are not “Hazardous and toxic

substances” for purposes of this Poli-

cy.

ii. We will pay for the clean-up of chemi-

cals iden6fied in subparagraph h(i) of

this part, to the extent required under

applicable statute, ordinance or court

order, provided the release of the

chemicals was the result of a covered

accident to which this Policy applies.

B. Your legal defense against covered damages

claims to which this Policy applies.

1. We will hire an aCorney to defend you and pay

all filing fees and li6ga6on costs incurred by our

appointed aCorney(s) to defend you against

claims of third par6es for covered accidents and

covered losses of which this Policy applies; pro-

vided however, that you must cooperate with us

and the aCorney we appoint for you to provide

you a defense. Your obliga6ons to cooperate in

the event of an accident, loss, or claim are out-

lined here:

a. You must no6fy us of a claim as soon as pos-

sible aLer the accident occurs. If there is

property damage, you must take reasonable

steps to avoid further damage to the prop-

erty.

b. If you are sued or served with papers you

must forward a copy of all of the papers to

us immediately. The contact informa6on to

call in the no6ce of the suit and where to

send the papers you are served with or re-

ceive rela6ng to a lawsuit or demand has

been provided to you as part of this Policy.

The informa6on is on your cer6ficate of

insurance which you will need to keep with

you to verify you have the insurance needed

under Georgia law applicable to taxi cab

drivers.

c. You must keep us up to date with your cur-

rent address and contact informa6on. If a

claim is made, we will send you a wriCen

request to the address you have provided to

us outlining the date, 6me, and place for

you to come in and provide us, and specifi-

cally the claim handler inves6ga6ng your

claim, with a statement. You are required to

provide the statement to the claim handler,

allow the inspec6on of any property dam-

age, and provide the date, 6me, place and

circumstances surrounding accident or loss

in ques6on. This is part of our inves6ga6on

of the claim being made. Failure to cooper-

ate in giving no6ce of the claim in sufficient

6me for us to inves6gate and provide you

with an aCorney in the event a suit is filed,

may result in a loss of coverage for failure of

your obliga6on to cooperate.

d. Failure to provide us with a statement about

the accident as described above in the pre-

ceding paragraph (c) may also result in a

loss of coverage for failure to cooperate. If

we cannot locate you, or the aCorney we

appoint to represent you cannot locate you,

your address and contact informa6on is not

correct, and we cannot in good faith inves6-

gate or determine the merits of the claims

brought against you to which this policy may

apply, or we cannot in good faith determine

whether you or we have a defense to claim

because you are not coopera6ng with us or

the aCorney we appoint for you, you may

lose coverage under this Policy due to non-

coopera6on with us. Please keep us up to

date with any address changes, phone num-

ber(s) and other contact informa6on ac-

cordingly so that you may have con6nued

communica6on with us.

e. We have the exclusive right to hire counsel,

examine the case or claims made against

you in the event of an accident or a loss,

appoint counsel to defend you in any tort

ac6on, and otherwise nego6ate the seCle-

ment of the claim or claims on your behalf

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page7

to the extent of the Policy limits. You may

wish to hire addi6onal counsel to assist you

with any claims to the extent you have oth-

er available insurance for a covered accident

or loss and/or an accident has damages

claims that equal or exceed the maximum

limits of your insurance coverage as stated

on your Declara6on Page. The aCorney we

appoint for you is required to represent

your interests to the extent of your cover-

age under the Policy, but is not hired by us

to represent you as to personal liability you

may have once your limits are exhausted,

other than to con6nue to represent you in

the case even if we decide to pay policy lim-

its. We will not pay for any aCorneys you

select or hire separately to protect your

interests above policy limits for asset pro-

tec6on (other insurance), bankruptcy, es-

tate or other legal maCers. We also have

the exclusive right to select and hire counsel

to defend your and our interests within the

policy limits.

f. You should not speak to counsel for the oth-

er par6es to the accident un6l you have

contacted us and we have appointed an

aCorney for you in the liability case.

g. You must no6fy the police immediately up-

on theL of the motor vehicle(s) listed on

your Declara6on Page, or theL of any prop-

erty or equipment in or a part of the motor

vehicle(s) you feel is covered by this Policy.

h. If you fail to meet the obliga6ons you have

to us under this Policy, you may lose cover-

age and the right under this Policy for us to

appoint counsel for you in the event a claim

is made against you. We have the right to

deny coverage and the obliga6on to defend

you under this Policy due to any such failure

to meet your obliga6ons.

2. The payments for your defense and costs of li6-

ga6on we make for you under this part are in

addi6on to the limits stated on your Declara6on

Page that we will cover for you subject to the

terms and condi6ons of this Policy.

3. You have informed us that you and the driver(s)

listed on the Declara6on Page operate motor

vehicle(s) of the private passenger or sta6on

wagon type that is used as a public or livery con-

veyance for passengers, as licensed taxicab driv-

er(s) almost exclusively in Georgia. For such taxi-

cab fares in which you or a covered driver are

transpor6ng a passenger outside the state of

Georgia in a covered motor vehicle, we will con-

sider your Declara6on Page and this Policy to

provide you with the limits stated on your Decla-

ra6on Page, or the minimum insurance coverage

limits legally required of the jurisdic6on in which

the accident occurred for your vehicle, whichev-

er is greater, to the extent this Policy applies and

provides coverage and provided further that you

are opera6ng the motor vehicle(s) in accordance

with the rules and regula6ons applicable to the

out of state fare(s).

4. For a covered motor vehicle that is a taxicab you

obtain a license in and operate within the corpo-

rate limits of municipali6es and are subject to

regula6on by the governing authori6es of such

municipali6es, you may have different minimum

coverage requirements than other jurisdic6ons

in Georgia. IT IS YOUR RESPONSIBILITY TO TELL

US THE JURISDICTION THAT APPLIES TO YOUR

LICENSE AND THE MINIMUM COVERAGES (OR

HIGHER) THAT YOU ARE REQUESTING FOR YOUR

OWN TAXICAB BUSINESS.

VI. Comprehensive and Collision Coverage

1. For the vehicle(s) that you have selected

Comprehensive and Collision Coverage on as

stated in the Declara6on Page, we will pay

up to the maximum coverage amount stated

for property loss arising from (1) theL; (2)

fire, lightning, explosion (other than as

caused by an act of war or terrorism); (3)

acts of God such as tornado, hail, earth-

quake, flood, or windstorm; (4) vandalism;

(5) damages associated with the transport of

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page8

the vehicle; (6) broken glass to any window

or windshield due to rocks, debris or other

unintended event; (7) collision with another

object in an accident; or (8) overturning of

the vehicle in an accident.

2. The maximum amount of the Comprehen-

sive and Collision Coverage is stated on the

Declara6on page. There is no obliga6on on

our part to pay the maximum amount if the

aggregate property damage from a covered

accident or loss is less than the stated limits.

Subject to the provisions of this Policy, we

will pay the lesser of (a) the actual cash value

(ACV) of a vehicle or other damaged proper-

ty at the 6me of the accident (“6me of loss”);

or (b) the reasonable costs of repair.

3. For any damaged or stolen property, we may

choose to repair or replace the property in

our discre6on, or pay for it based upon an

agreed or appraised value. If we choose the

laCer op6on to pay for it, we will take pos-

session of the damaged or recovered stolen

property at our expense and free of any

claims by you upon tender of the agreed or

appraised value.

4. Before making any payments for property

damage to you as a first party, we have the

right to inspect the vehicle(s) in ques6on, and

obtain an appraisal for costs of repair, together

with any applicable es6mates for diminished

value in the property as a result of the repairs,

in accordance with and subject to Georgia laws

and regula6ons rela6ng to the 6mely resolu-

6on of first party insurance claims. Those reg-

ula6ons apply where in conflict with the proce-

dures here.

a. To the extent permiCed, and subject

to first party arbitra6on rules as may

be applicable, in the event of a disa-

greement between us and you with

regard to any appraisal or es6mate as

to the covered losses due to property

damage, you may select and submit at

your own expense a separate apprais-

al.

b. You must submit your appraisal to us

within fiLeen (15) days of receiving

our appraisal. We reserve the right to

consider your appraisal and request a

third or consecu6ve appraisal or re-

view. The par6es will pay their own

costs of the appraisals they obtain, and

will split the costs of the third apprais-

al evenly. We reserve the right to deny

the claim or claims for property dam-

age and further do not waive any

terms or condi6ons of this Policy by

submiRng the claim for appraisal(s),

or to arbitra6on. Notwithstanding any

of the foregoing provisions, any disa-

greements we may have as to claims

for total losses, elec6ons of coverage,

and issues with regard to whether we

can seek payment from other policies

shall be governed by the Standards for

Prompt and Fair SeClements of First

Party Property Damage Claims, sec6on

120-2-52-.03.

5. The following coverage and related exclusions

apply to Comprehensive and Collision Coverage

if purchased:

a. REPLACEMENT VEHICLE. We will also pay

up to $20 per day for up to 30 days for

temporary subs6tute transporta6on un6l

your vehicle has been repaired or should

have been repaired upon reasonable dili-

gence on your part to cooperate with the

inspec6on and repair.

b. LOST INCOME AS A TAXICAB DRIVER. For

your taxicab business, to the extent you

have no temporary subs6tute transporta-

6on, we will pay for lost income, up to $20

per day for a maximum of 30 days.

c. NORMAL WEAR AND TEAR, ROAD DAM-

AGE AND OTHER EXCLUSIONS. We will

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page9

not pay any damages for theL other

property damage to or of radar detectors,

musical or video players, signs or adver-

6sements aCached to the taxicab, musical

or video recordings in any format, or me-

dia, phones, computers, ipads, ipods,

smartphones, cameras, DVD players, MP3

players, modifica6ons or altera6ons to the

motor vehicle viola6ve of any law, or oth-

er electronic devices or media, regardless

of whether such items are in tow or in the

vehicle at the 6me of a covered accident

or loss. Damage to the vehicle(s) listed on

your Declara6on page that are the result

of normal wear and tear, a blow-out, flat

6re, or puncture, freezing, negligent re-

pair, mechanical or electrical breakdown

are not covered by this Policy.

6. The amounts we will pay under the foregoing

property damage provisions shall be reduced by

the amount of the applicable Deduc6ble shown

on the Declara6on Page.

VII. What other provisions apply to this Policy?

1. You assign to us the right to recover certain

payments we have made under this Policy. If

we make a payment to you or any other per-

son for damages of any kind under the terms

and condi6ons of this Policy, then we have the

exclusive right to recover from any poten6ally

liable persons, through legal ac6ons either in

our own name or in your name as a bona fide

subrogee to your interests, the amounts we

paid. Your rights are assigned to us automa6-

cally by opera6on of this Policy with no further

ac6on on our part to secure our subroga6on

rights.

2. This Policy may be changed by us to provide

addi onal coverage. For this Georgia Policy,

we may in our discre6on and in accordance

with Georgia laws governing taxicab driver

insurance policies, make altera6ons or amend-

ments to this Policy, and, in the event such

altera6ons or amendments result in more cov-

erage without any addi6onal insurance premi-

um, the changes will become effec6ve imme-

diately upon the date and 6me of the altera-

6on or amendment.

a. Any altera6ons or amendments must be

in wri6ng and expressly incorporated

into this Policy in its en6rety that we will

send to you.

b. No other verbal or wriCen communica-

6ons, web-sites, flyers, or other commu-

nica6ons of any kind by us will cons6tute

a change in the Policy.

c. Any changes in coverage that require

addi6onal or increased premiums will be

handled as a separate policy applica6on

and issuance the same as if you pur-

chased a new policy. You may also re-

quest changes to this Policy. Any amend-

ments we agree to must be in wri6ng

and evidenced by a newly executed dec-

lara6on page together with applicable

endorsements and/or riders.

3. This Policy may relate to other insurance. This

Policy is the primary insurance coverage for

the motor vehicle(s) you own that are listed on

the Declara6on Page, and that are operated by

yourself or the driver(s) listed on the Declara-

6on Page as a public or livery conveyance for

passengers, up to the stated policy limits.

a. If other primary insurance exists, we re-

serve the right to pay a propor6onate

share and to otherwise demand payment

pro rata from the other insurer(s).

b. The payment(s) we make under this Poli-

cy shall be prorated with other valid and

collec6ble insurance.

c. In some cases, you may have purchased

two or more policies from us that apply

to a single accident or loss. In that case,

we will not pay up to the limits of both

policies. Instead, we will only pay up to

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page10

the highest policy limits stated in one

policy. If the policy limits are the same,

the amounts we will pay will be the same

as for one policy. For example, assuming

no cancella6on by consent or statute,

the following would apply under your

Policy:

i. if you have a 25/50/25 policy and a

separate 50/100/50 policy that you

purchased with us, and both apply

to a single accident, the maximum

amount of available coverage you

have is 50/100/50 for that claim.

The policies with us are NOT

stacked to provide you with limits of

75/150/75.

ii. If you have two separate policies

with 25/50/25 coverage applicable

to a single accident, then the maxi-

mum available coverage is 25/50/25

for that claim. The policies with us

are NOT stacked to provide you

with limits of 50/100/50.

4. No assignment without consent. Your rights, cov-

erage, du6es, and obliga6ons under this Policy

may not be assigned, in whole or in part, to any

person without our prior express wriCen consent.

5. The taxicab motor vehicles and driver data in-

quiries for insurability are not for regulatory

compliance. We may request, from 6me to 6me,

that the motor vehicle(s) listed on your Declara-

6on Page be presented at reasonable 6mes of the

day between 9:00 am and 5:00 pm for inspec6on.

We may also, from 6me to 6me, conduct surveys

and other inquiries rela6ng to the driver(s) and

the insurance coverage in Georgia.

a. These inspec6ons, surveys and other

inquiries are confiden6al and conducted

by us for insurability issues only. If we

request an inspec6on of a vehicle, or

conduct a survey or other inquiries for

insurability, we will provide you with a

report and any recommenda6ons as to

our findings as to insurance only.

b. These inspec6ons, surveys and other

inquiries do not relate to or subs6tute

for to the inspec6ons you are or may be

required to make and the records you

must keep rela6ng to the servicing and

maintenance of your taxicab, your li-

cense, Cer6ficate of Public Convenience

and Necessity, and/or any requirements

of the Transporta6on Licensing Commis-

sion or other authority regula6ng your

Cer6ficate of Public Convenience and

Necessity.

c. We make no representa6ons or warran-

6es to you or any other person concern-

ing you and your motor vehicle(s)’ com-

pliance with applicable regula6ons gov-

erning your taxicab business, or our in-

surability inspec6ons, surveys and other

inquiries referenced in this Policy.

d. To the extent a deadline, no6ce, or other

requirement in this Policy conflicts with

your rights as an insured or our obliga-

6ons as your carrier in Georgia for your

taxicab business, this Policy shall be con-

strued by us and implemented/amended

to comply with the applicable law.

VIII. What happens if you file bankruptcy?

You will need to no6fy us of your bankruptcy.

The terms and condi6ons of this Policy and the

coverage provided to you hereunder are not

affected by your filing, however.

IX. Do I have the op on to purchase Uninsured

Motorist Protec on?

Yes. Your Declara6on Page contains a statement

concerning uninsured or underinsured motorist

coverage. If you have selected uninsured motor-

ist coverage or underinsured motorist coverage,

your obliga6on to coopera6on includes the du-

6es to cooperate outlined above in this Policy for

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page11

liability and bodily injury coverage and, in addi-

6on, the submission of medical bills, expenses,

wage loss verifica6on, independent medical ex-

amina6on, and other informa6on as may be rea-

sonably necessary to examine the claims made

under your uninsured or underinsured motorist

coverage that you selected. If you opt not to

purchase uninsured or underinsured motorist

coverage, the elec6on of no coverage is part of

your Policy. Unless you specifically elect and pay

the premium to purchase Uninsured Motorist

Protec6on (UM) that stacks or is in addi6on to

the liability coverage you have purchased, the

most we will pay for any covered accident to

which the liability coverage applies is an amount

for actual damages up to the maximum amount

of liability coverage you purchased.

X. How will your coverage under this Policy be

affected if you are in an accident with another

driver or person that has insurance with us?

Your policy limits will not be affected.

XI. What is the termina on date for the coverage

provided under this Policy?

The date and 6me that the coverage provided

under this Policy ends is stated on your Declara-

6on Page as the termina6on date.

XII. Can the Policy be terminated before the end of

the coverage period stated on the Declara on

Page?

Yes.

a. You may cancel your Policy voluntarily be-

fore the termina on date.

1. If you desire to cancel this Policy, you must send

wriCen no6ce to us via facsimile, overnight cou-

rier, or cer6fied mail, return receipt requested,

reques6ng that this Policy be terminated.

2. Assuming the termina6on is proper and per-

miCed under Georgia law, we will file a no6ce of

termina6on with the Georgia insurance authori-

ty applicable to your policy as required by Geor-

gia law.

3. The date and 6me of cancella6on becoming effec-

6ve will be stated in the no6ce we send. You will

be responsible for the pro rata premiums through

the date of termina6on. Your coverage termi-

nates at the date and 6me stated in the no6ce.

b. Renewal.

1. You may renew this policy at your op6on by pay-

ing the renewal premium due to renew this Poli-

cy before the end of the effec6ve date of cover-

age, unless we send you no6ce of non-renewal

that is mailed or delivered in person to you. This

no6ce will state the 6me when non-renewal will

be effec6ve, which shall not be less than 30 days

from the date of mailing or delivery of such no-

6ce of non-renewal or such longer period as may

be provided in the contract or by statute, shall be

delivered in person or by deposi6ng the no6ce in

the United States mails to be dispatched by at

least first-class mail to the last address of record

we have for you, and of the lienholder, where

applicable, and receiving the receipt provided by

the United States Postal Service or such other

evidence of mailing as prescribed or accepted by

the United States Postal Service.

2. If we send you a no6ce of non-renewal, we will

specify in the wriCen no6ce the reason or rea-

sons for such non-renewal as required by Chap-

ter 39 of Title 33, of the Georgia Code.

c. Cancella on of the Policy by us.

1. You have the op6on to renew this Policy unless

we send a no6ce of non-renewal under part XII

(a) and (b) above or we send you a no6ce of

cancella6on. We will not send you a no6ce of

cancella6on unless one or more of the following

events happen:

a) you failed to discharge when due any of your

obliga6ons in connec6on with the payment

of premiums on this Policy or any installment

of premiums or the renewal of premiums,

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page12

whether payable directly to the insurer or

indirectly to the agent;

b) we signed the Declara6on Page and sold you

the coverage provided, in whole or in part,

through a material misrepresenta6on you

made in the applica6on or renewal process;

c) you violated any of the terms and condi6ons

of the Policy;

d) you failed to disclose in your wriCen applica-

6on or in response to inquiry by us or our

agent informa6on necessary for the ac-

ceptance or proper ra6ng of the risk;

e) you made a false or fraudulent claim or

knowingly aided or abeCed another in the

presenta6on of such a claim;

f) you or any named insured driver on the Dec-

lara6on Page have your license suspended or

for any other reason lose your taxi permit or

business license allowing you to operate

your taxicab business;

g) your covered vehicle(s) fails to pass any in-

spec6on by a taxi bureau or other govern-

mental en6ty inspec6ng and approving your

vehicle for opera6on as a taxicab service

vehicle; or

h) Any other reasons for cancella6on approved

or required by the state of Georgia.

2. No6ce of termina6on or cancella6on by us shall

be accomplished in the following manner:

a) WriCen no6ce sta6ng the 6me when the

cancella6on will be effec6ve, which shall not

be less than 30 days from the date of mailing

or delivery in person of such no6ce of cancel-

la6on.

b) The wriCen no6ce shall be delivered to you

in person or by deposi6ng the no6ce in the

United States mails to be dispatched by at

least first-class mail to the last address of

record you have provided to us and to any

lien holder, where applicable, and receiving

the receipt provided by the United States

Postal Service or such other evidence of

mailing as prescribed or accepted by the

United States Postal Service. No6ce to the

lienholder shall be considered delivered or

mailed if, with the lienholder's consent, it is

delivered by electronic transmiCal or facsimi-

le. Any irregularity in the no6ce to the

lienholder shall not invalidate an otherwise

valid cancella6on as to the insured.

c) No no6ce of cancella6on shall be effec6ve

unless mailed or delivered to you as pre-

scribed in this policy and in accordance with

Georgia Code Sec6on 33-24-44. We will pro-

vide you the reason or reasons for the can-

cella6on in the no6ce.

3. Any unearned premium which has been paid by

you shall be refunded to you on a pro rata basis.

The refund, if any, shall be made on or before

the cancella6on date either directly to you or

your approved agent. If we elect to return any

unearned premium to you via the insured's

agent of record, such agent shall return the un-

earned premium to you either in person or by

deposi6ng such return in the mail within ten

working days of receipt of the unearned premi-

um, or within ten working days of no6fica6on

from us of the amount of return of unearned

premium due, or on the effec6ve date of cancel-

la6on, whichever is later. In all events, the re-

turn shall be made and the par6es will comply

with the provisions of Georgia law rela6ng to

unearned premium refunds. The other provi-

sions of this Policy shall, in their en6rety, be

construed in accordance with and to be en-

forced between the par6es in compliance with

applicable Georgia law.

4. When a policy is canceled for your failure to

discharge when due any of your obliga6ons in

connec6on with the payment of premiums for

this policy or any installment of premiums due,

whether payable directly to us or indirectly to an

agent, or when this Policy that has been in effect

FormEA820PGA(10/12)©Ethio-AmericanInsuranceCompany,Inc.2012 Page13

for less than 60 days is canceled for any reason,

the no6ce requirements applicable to your policy

may be sa6sfied by delivering or mailing wriCen

no6ce to you and any lienholder, where applica-

ble, at least ten days prior to the effec6ve date of

cancella6on in lieu of the number of days' no6ce

otherwise required. For the purposes of this sub-

sec6on, no6ce to the lienholder shall be consid-

ered delivered or mailed if, with the lienholder's

consent, it is delivered by electronic transmiCal or

facsimile. Any irregularity in the no6ce to the

lienholder shall not invalidate an otherwise valid

cancella6on as to the insured.

d. No ce of Cancella on and Termina on by

You.

1. You may cancel or terminate this policy subject to

Georgia’s financial responsibility laws. Your no6ce

of cancella6on or termina6on, together with the

date you request the coverage to end, should be

sent to us by facsimile.

2. Any unearned premiums, to the extent applicable,

will be sent to you in accordance with the above.

We may however, in our discre6on, determine the

amount of any applicable refund.

3. If you opt not to renew this policy, no6ce shall be

sent by the same means as for cancella6on, at least

30 days prior to the end of the period for coverage

stated on your Declara6on Page.

4. The renewal, termina6on, and cancella6on terms

and condi6ons of this Policy shall be construed in

accordance with Georgia law rela6ng to renewal,

termina6on, and cancella6on of insurance policies

sold to taxicab drivers.