DE NOVO PLANNING GROUP (4) - Laserfiche WebLink

Home Browse Search

r*J StarStone Fan or khe C (Ne S sCl;q Getup STARSTONE SPECIALTY INSURANCE CO. 201 E. Fifth Street, Suite 1200 Cincinnati, OH 45202 Tel: 844-722-7827 Fax: 513-599-7501 www.coresr)ecialtv.com Report claims to: claims@corespecialty.com FOLLOWING FORM EXCESS LIABILITY INSURANCE POLICY 2. Notice Regarding Underlying Insurance The Insured shall, as a condition precedent to the obligations of the Insurer under this Policy, give written notice to the Insurer of the following events as soon as practicable but in no event later than thirty (30) days after an Insured has become aware of the event: a. Any Underlying Policy being cancelled or non -renewed or otherwise ceasing to be in effect or being uncollectible in part or in whole; or b. Any underlying insurer being subject to a receivership, liquidation, dissolution, rehabilitation or any similar proceeding or being taken over by any regulatory authority. 3. Notice Regarding Material Change The Insured shall, as a condition precedent to the obligations of the Insurer under this Policy, give written notice to the Insurer of the following events as soon as practicable but in no event later than thirty (30) days after an Insured has become aware of the event: that the Named Insured is consolidating with or merging with or into, or transferring all or substantially all of its assets to, or acquiring or being acquired by any natural person or entity or group of natural persons and/or entities acting in concert. With respect to the Notice required in Paragraphs 1., 2. and 3. of this Condition F., notice to an Underlying Insurer shall not constitute notice to the Insurer of this policy. Notice under this Policy shall be given to the Insurer at the appropriate address set forth in Item 9. of the Declarations of this Policy. G. RESTRICTIVE AS UNDERLYING Notwithstanding any provision to the contrary in this Policy, including, without limitation, the Coverage provisions in Section I of this Policy, if any Underlying Policy with limits in excess of the Followed Policy but underlying to this Policy (the "Intervening Policy") contains warranties, terms, conditions, exclusions or limitations more restrictive than the Followed Policy, whether on the effective date of this Policy or at any time during the Policy Period of this Policy, then this Policy shall be deemed to follow those more restrictive warranties, terms, conditions, exclusions or limitations of the Intervening Policy. H. UNIMPAIRED UNDERLYING LIMITS The Insured warrants that the aggregate limits of the Underlying Policies, as shown in the Schedule of Underlying Insurance, shall be unimpaired as of the effective date of this Policy. In the event such underlying aggregate limits are impaired as of the effective date of this Policy, this Policy shall apply as if such aggregate limits were unimpaired. In the event of non -concurrent policy periods between this Policy and Underlying Policies, only occurrences, claims, or losses that would be covered during the policy period of this Policy shall be considered in determining the extent of any erosion or SSS EXS 0001 CW 03 21 Page 15 of 16