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Allianz ili <br />Claims -Made Coverage Amendment and Exclusion <br />178539 10 02 <br />Policy Amendment - Excess Liability Policy <br />COVERAGE PROVIDED BY THIS ENDORSEMENT APPLIES ON A CLAIMS -MADE BASIS. PLEASE READ THE <br />ENTIRE ENDORSEMENT CAREFULLY <br />A. The following is added to SECTION I -EXCESS INSURING AGREEMENT, subsection A: <br />However, if the coverage provided by the Primary Insurance applies on the basis of claims first made during <br />the period of that policy, then this coverage only applies to those claims on the same basis and in a like manner, <br />subsection 2. above does not apply to those claims, and the following conditions are added for those claims: <br />1. The date such claim is first made is during our Policy Period; <br />2. The injury or damage takes place on or after our Retroactive Date and prior to the termination of our Policy <br />Period; and <br />3. Our Retroactive Date for claims -made coverage provided by this endorsement is: <br />The Retroactive Date required to complete this form, if not shown above, will be shown in the Declarations. <br />As used in this endorsement, the term 'Retroactive Date" means the date that is the earliest date on which the <br />wrongful act, error or omission may first take place for coverage to apply. <br />B. Limits of Insurance <br />The following is added to SECTION III - LIMITS OF INSURANCE, subsection B: <br />Ifthe applicable limit of insurance of Primary Insurance provides coverage on a claims -made basis our insurance <br />shall apply in the same manner and the following also applies: <br />1. In no event shall the total limit of our liability exceed our Limits of Insurance shown in our Declarations for <br />"each occurrence": and <br />2. If the limits of insurance shown on the Schedule of Primary Insurance have been reduced or exhausted by <br />payments for claims first made against the Insured during our policy period for Occurrences which took <br />place: <br />a. After our Retroactive Date; and <br />b. Prior to the termination of our Policy Period; <br />then our policy shall apply in excess of such reduced or exhausted limits of insurance. <br />C. DUTIES OF INSUREDS IN THE EVENT OF A CLAIMS -MADE CLAIM OR SUIT <br />The following is added to SECTION V - CONDITIONS, F. DUTIES: <br />4. Not with standing anything to the contrary contained in this policy, notice of an Occurrence is not notice <br />of a claim under that part of this policy that applies on the basis of claims first made against the Insured <br />during the policy period. <br />If a claim is made or a Suit is brought against any Insured covered underthis policy on a claims -made basis: <br />a. All conditions of the Primary Insurance that require you to provide the insurerof the Primary Insurance <br />with notice of claims or Suits also apply separately and distinctly to us with respect to any claim or Suit <br />which may reasonably be expected to result in a claim against this policy; and <br />b. You must give such notice to us on the same basis that you are to give notice to such insurer of Primary <br />Insurance. <br />D. Extended Reporting Period <br />If our policy is terminated for any reason, and Primary Insurance provides cover <br />Reporting Period for a claim, then we will provide an Extended Reporting Period in a li <br />178539 1002 <br />Copyright © 2002 Allianz Global Risks US Insurance Company. All rights resewed. <br />WnkManegMiumtDlWalon <br />3� f REVIEWED&APPR(IVm BY. <br />� 10 " F44W,44 P. vi4SAAPF� <br />Risk Management Analyst <br />