SECTION II – DEFINITIONS

The term “risk” as used in this Plan shall mean

(a) A single legal entity.

(b) Two or more affiliates which qualify for combination under the rules of Section III of this Plan.

The term “legal entity” or “entity” shall mean an individual, partnership, corporation,  unincorporated association or fiduciary (e.g., trustee, receiver, executor or administrator). Divisions or similar units of a legal entity do not qualify as separate entities.

The term “affiliate” shall mean entities in each of which the same entity or group of entities own a majority interest.