Calabasas
City Council
4. AMENDED FELLOW EMPLOYEE EXCLUSION obligation for any difference between the actual
cash value of the " auto" at the time of the " loss"
EXCLUSION 5. - FELLOW EMPLOYEE - of
and the " outstanding balance" of the loan/
lease.
SECTION 11 - LIABILITY COVERAGE does not
apply if you have workers' compensation Outstanding balance" means the amount you
insurance in -force covering all of your owe on the lease at the time
loan/ of " loss" Tess
employees". any amounts representing taxes; overdue
is other collectible payments; penalties, interest or charges resulting
Coverage excess over any
insurance.
from overdue payments; additional mileage
charges; excess wear and tear charges; lease