Contingent Risk. 5.5.1 It is a condition precedent to the insurer’s liability under these insured sections that adequate liability insurance is held by any operator which the insured engages which includes an indemnity to the insured for any liability arising from the activities of the operator to the insured.
5.5.2 If at the time of any claim under this policy there is any other valid and collectible insurance available to the insured other than insurance that is specifically stated to be in excess of this policy, and names the operator for the insurance, then the insurance afforded by this policy shall exclude any claim falling under the terms of such other insurance whether such claim is indemnified or not or falls within the terms and conditions of this policy.
