The named insured has a $$1$ million Commercial Umbrella Policy with a $$10,000$ SIR.A

$$1,500,000$ liability claim arising from completed operations occurs. The CGL is written with a

$$500,000$ Each Occurrence Limit instead of the required $$1,000,000$

Each Occurrence Limit. How much will the Commercial Umbrella Policy pay?

a$.$ Nothing, as noncompliance voided the Commercial Umbrella Coverage.

b$.$ $$1,000,000,$ as the Commercial Umbrella will drop down and pay the additional limit owed.

c$.$ $$990,000,$ as the Commercial Umbrella will drop down and pay the additional limits owedless the SIR.

d$.$ $$500,000,$ as it will pay as if the required limits were in effect.

e$.$ $$490,000,$ as it will pay as if the required limits were in effect, less the SIR.