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Regulatory Wrongful Act means an Insured's actual or alleged violation of a <br />Privacy Law resulting from a Privacy Breach which <br />results in a Regulatory Notice/Proceeding against an <br />Insured. <br />Retroactive Date means the date of first attachment of this endorsement to <br />a policy of this type the Company has issued to the <br />Named Insured. No Claim or expense resulting from a <br />Privacy Breach or Regulatory Wrongful Act <br />occurring prior to such date of first attachment shall be <br />afforded coverage. <br />III. LIMITS OF EXPENSE COVERAGE AND DEDUCTIBLE <br />Regardless of the number of Insureds under this policy <br />or Claim(s) made or brought under this endorsement, <br />the Company's liability is limited as follows: <br />Privacy Breach Expense The limit of liability for Privacy Breach Expense shall <br />Limit be equivalent to the "EACH CLAIM" and "IN THE <br />AGGREGATE" limit of liability specified on the Policy <br />Declarations and such Privacy Breach Expense limit <br />shall be in addition to the limit specified on the Policy <br />Declarations. However, if the "EACH CLAIM" and "IN <br />THE AGGREGATE" limit specified on the Policy <br />Declarations exceeds $1,000,000, the Privacy Breach <br />Expense limit shall not in any case exceed $1,000,000. <br />Defense of Regulatory Claims Limit The limit of liability for Defense of Regulatory Claims <br />shall be equivalent to the "EACH CLAIM" and "IN <br />THE AGGREGATE" limit of liability specified on the <br />Policy Declarations and such Defense of Regulatory <br />Claims limit shall be a part of and not in addition to the <br />limit specified on the Policy Declarations. The Defense <br />of Regulatory Claims Limit shall be the maximum <br />liability for Claim Expenses for all Claims to which <br />Defense of Regulatory Claims coverage applies. If the <br />"EACH CLAIM" and "IN THE AGGREGATE" limit <br />specified on the Policy Declarations exceeds $1,000,000, <br />the Defense of Regulatory Claims limit shall not in any <br />case exceed $1,000,000. <br />Deductible No deductible shall apply to coverage afforded by this <br />endorsement. <br />Risk M uganadDhi'im <br />si RE\AEWM& APPRov® Br <br />SP 298 (12-17) <br />Risk Management Maysf <br />