ORANGE COUNTY CHILDREN THERAPEUTIC ARTS CENTER (2)

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NONPROFITS INSURANCE ALLIANCE OF CALIFORNIA A Head for Insurance. A Heartfor Nonprofits. COMMERCIAL UMBRELLA POLICY THIS POLICY PROVIDES COVERAGE ON A CLAIMS -MADE BASIS IF THE UNDERLYING INSURANCE PROVIDES CLAIMS -MADE COVERAGE. IF COVERAGE WITHIN THIS POLICY IS PROVIDED ON A CLAIMS - MADE BASIS, IT APPLIES ONLY TO CLAIMS MADE AGAINST AN INSURED AND REPORTED TO US DURING THIS POLICY'S PERIOD OR ANY EXTENDED REPORTING PERIOD THAT MAY APPLY. IF COVERAGE WITHIN THIS POLICY IS PROVIDED ON A CLAIMS -MADE BASIS, THIS COVERAGE APPLIES ONLY TO DAMAGES ARISING FROM AN ACT, ERROR OR OMISSION COMMITTED ON OR AFTER THE RETROACTIVE DATE SHOWN IN THE DECLARATIONS OF THE UNDERLYING CLAIMS -MADE POLICY(S) BUT PRIOR TO THE END OF THIS POLICY'S PERIOD, NOT INCLUDING AN EXTENDED REPORTING PERIOD. PLEASE READ THIS POLICY CAREFULLY TO DETERMINE YOUR RIGHTS AND OBLIGATIONS. Throughoutthis policy, the words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we," "us" and "our" refer to the Company issuing this policy. Other words and phrases that appear in quotation marks have special meanings found in Section 6 - DEFINITIONS SECTION 1. INSURING AGREEMENT A. Excess Liability Insurance (Following Form) We will pay on behalf of an insured those sums in excess of the amount payable under the terms of any "Underlying Insurance" as stated in the "Schedule of Underlying Insurance" that an insured becomes legally obligated to pay as damages to which this insurance applies. This Excess Liability Insurance is excess insurance and follows the "Underlying Insurance" except as otherwise stated in this policy. This Excess Liability Insurance is subject to the same terms, conditions, warranties, agreements, exclusions, endorsements and definitions contained in the "Underlying Insurance" except as otherwise provided in this policy; provided, however, in no event will this insurance apply unless the "Underlying Insurance" applies or would apply but for the exhaustion of the applicable Limit of Liability in the "Underlying Insurance." B. Extended Reporting 1. Extended Reporting Periods If the "Underlying Insurance" provides coverage on a claims -made basis and this policy provides coverage on a claims -made basis, then we will provide an Automatic Extended Reporting Period as described in subparagraph 2 below and, if you purchase it, an Optional Extended Reporting Period as described in subparagraph 3 below, IF, a. this insurance is cancelled or not renewed for any reason other than non-payment of premium; or b. we renew or replace this insurance with other insurance that: i. has a Retroactive Date later than the Retroactive Date shown in the Declarations of this policy; or ii. does NOT apply to damage on a claims -made basis. If the "Underlying Insurance" does not provide an Extended Reporting Period then we will not offer and will not provide an Extended Reporting Period. 2. Automatic Extended Reporting Period If the "Underlying Insurance" provides coverage on a claims -made basis then an Autom; w� m.. Period, equal in length to the Automatic Extended Reporting Period provided in the aeneneoelVrewmar Insurance," is automatically provided, except when this insurance is cancelled or not re 8j,aiii �' 76u pro. P UMB-700 05 21 Nonprofits Insurance Alliancem and NONPROFITS OWN® are brands R1kM11d1egenen`am�,iax of Alliance Member Services TM' (AMS). 0 AMS. All rights reserved.