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CNA CNA PARAMOUNT <br />Technology General Liability Extension Endorsement <br />B. NOTICE OF OCCURRENCE <br />The Named Insured's rights under this Coverage Part will not be prejudiced if the Named Insured fails to <br />give the Insurer notice of an occurrence, offense or claim and that failure is solely due to the Named <br />Insured's reasonable belief that the bodily injury or property damage is not covered under this Coverage <br />Part. However, the Named Insured shall give written notice of such occurrence, offense or claim to the <br />Insurer as soon as the Named Insured is aware that this insurance may apply to such occurrence, offense <br />or claim. <br />5. BROAD NAMED INSURED <br />WHO IS AN INSURED is amended to delete its Paragraph 3. in its entirety and replace it with the following: <br />3. Pursuant to the limitations described in Paragraph 4. below, any organization in which a Named Insured <br />has management control: <br />a. on the effective date of this Coverage Part; or <br />b. by reason of a Named Insured creating or acquiring the organization during the policy period, <br />qualifies as a Named Insured, provided that there is no other similar liability insurance, whether primary, <br />contributory, excess, contingent or otherwise, which provides coverage to such organization, or which would <br />have provided coverage but for the exhaustion of its limit, and without regard to whether its coverage is <br />broader or narrower than that provided by this insurance. <br />But this BROAD NAMED INSURED provision does not apply to: <br />(a) any partnership or joint venture; or <br />(b) any organization for which coverage is excluded by another endorsement attached to this Coverage <br />Part. <br />For the purpose of this provision, and of this endorsement's JOINT VENTURES / PARTNERSHIP / <br />LIMITED LIABILITY COMPANIES provision, management control means: <br />A. owning interests representing more than 50% of the voting, appointment or designation power for the <br />selection of a majority of the Board of Directors of a corporation, or the members of the management <br />board of a limited liability company; or <br />B. having the right, pursuant to a written trust agreement, to protect, control the use of, encumber or <br />transfer or sell property held by a trust. <br />4. With respect to organizations which qualify as Named Insureds by virtue of Paragraph 3. above, this <br />insurance does not apply to: <br />a. bodily injury or property damage that first occurred prior to the date of management control, or that <br />first occurs after management control ceases; nor <br />b. personal or advertising injury caused by an offense that first occurred prior to the date of <br />management control or that first occurs after management control ceases. <br />5. The insurance provided by this Coverage Part applies to Named Insureds when trading under their own <br />names or under such other trading names or doing -business -as names (dba) as any Named Insured <br />should choose to employ. <br />6. ESTATES, LEGAL REPRESENTATIVES, AND SPOUSES <br />The estates, heirs, legal representatives and spouses of any natural person Insured shall also be insured <br />under this policy; provided, however, coverage is afforded to such estates, heirs, legal representatives, and <br />spouses only for claims arising solely out of their capacity or status as such and, in the case of a spouse, <br />where such claim seeks damages from marital community property, jointly held props <br />from such natural person Insured to such spouse. No coverage is provided for any � o oR,�n Risk MaugementDivisian <br />CNA74872XX (1 - 15) <br />Page 6 of 14 <br />REVIEWED & APPROVm BY. <br />Risk Management Specialist <br />Copyright CNA All Rights Reserved. Includes copyrighted material of Insurance Services Office, Inc., with its permission. <br />