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UMBRELLA <br />representative will have all your rights and <br />duties under this insurance. <br />4. Any organization, other than a partnership, <br />joint venture or limited liability company, of <br />which you are the sole owner, or in which you <br />maintain an ownership interest of more than <br />50%, on the first day of the policy period is an <br />insured and will qualify as a Named Insured. <br />No such organization is an insured or will <br />qualify as a Named Insured for "bodily injury" <br />or "property damage" that occurred, or <br />"personal injury" or "advertising injury" caused <br />by an offense committed after the date, if any, <br />during the policy period, that you no longer <br />maintain an ownership interest of more than <br />50% in such organization. <br />S. Any organization you newly acquire or form, <br />other than a partnership, joint venture or <br />limited liability company, and of which you are <br />the sole owner, or in which you maintain an <br />ownership interest of more than 50%, is an <br />insured and will qualify as a Named Insured if <br />there is no other similar insurance available to <br />that organization. However: <br />a. Coverage under this provision is afforded <br />only until the 1801h day after you acquire <br />or form the organization or the end of the <br />policy period, whichever is earlier; and <br />b. Coverage for such organization does not <br />apply to: <br />(1) "Bodily injury" or "property damage" <br />that occurred; or <br />(2) 'Personal injury" or "advertising <br />injury" arising out of an offense <br />committed; <br />before you acquired or formed the <br />organization. <br />No person or organization is an insured or will <br />qualify as a Named Insured with respect to the <br />conduct of any current or past partnership, joint <br />venture or limited liability company that is not <br />shown as a Named Insured in the Declarations. <br />This paragraph does not apply to any such <br />partnership, joint venture or limited liability <br />company that otherwise qualifies as an insured <br />under Paragraph B. of SECTION II — WHO IS AN <br />INSURED. <br />C. COVERAGE C — CRISIS MANAGEMENT <br />SERVICE EXPENSES <br />With respect to Coverage C, the following persons <br />and organizations are insureds and will qualify as <br />Named Insureds: <br />1. The Named Insured shown in the <br />Declarations. <br />Page 6 of 22 © 2016 The Travelers Indemnity Company. All rights reserved. <br />2. Any organization, other than a partnership, <br />joint venture or limited liability company, of <br />which you are the sole owner, or in which you <br />maintain an ownership interest of more than <br />50%, on the first day of the policy period. No <br />such organization is an insured or will qualify <br />as a Named Insured for "crisis management <br />service expenses" arising out of a "crisis <br />management event' that first commences <br />after the date, if any, during the policy period, <br />that you no longer maintain an ownership <br />interest of more than 50% in such <br />organization. <br />3. Any organization you newly acquire or form, <br />other than a partnership, joint venture or <br />limited liability company, and of which you are <br />the sole owner, or in which you maintain an <br />ownership interest of more than 50%, if there <br />is no other similar insurance available to that <br />organization. However: <br />a. Coverage under this provision is afforded <br />only until the 1801h day after you acquire <br />or form the organization or the end of the <br />policy period, whichever is earlier; and <br />b. Coverage for such organization does not <br />apply to "crisis management service <br />expenses" arising out of a "crisis <br />management event' that occurred before <br />you acquired or formed the organization, <br />even if an "executive officer" only first <br />becomes aware of an "event' or <br />"occurrence" that leads to such "crisis <br />management event' after the date you <br />acquired or formed the organization. <br />No person or organization is an insured or will <br />qualify as a Named Insured with respect to the <br />conduct of any current or past partnership, joint <br />venture or limited liability company that is not <br />shown as a Named Insured in the Declarations. <br />SECTION III — LIMITS OF INSURANCE <br />A. The Limits of Insurance shown in the Declarations <br />and the rules below fix the most we will pay for the <br />amounts described below to which this insurance <br />applies regardless of the number of: <br />1. Insureds; <br />2. Claims made or "suits" brought; <br />3. Number of vehicles involved; <br />4. Persons or organizations making claims or <br />bringing "suits"; or <br />5. Coverages provided under this insurance. <br />As indicated in Paragraph D.1, of SECTION I — <br />COVERAGES, for any "suit' for which we have <br />the right and duty to de <br />Coverage A, defense ex FeDtYll <br />RWEMO & APPRROVED Br. <br />Management Analyst <br />