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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 property or property transferred <br /> from such natural person Insured to such spouse. No coverage is provided for any act, error or omission of an <br /> CNA74872XX (1-15) <br /> Page 6 of 14 <br /> Copyright CNA All Rights Reserved. Includes copyrighted material of Insurance Services Office, Inc.,with its permission. <br />