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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Newly acquired or formed organizations. .A~y <br />organization, other than a partnership, Jomt <br />venture, or limited liability company, that <br />you acquire or form while this agreement is <br />in effect is a protected person if you own <br />more than 50% of it. <br /> <br />. <br /> <br />TheStRlul <br /> <br />· all covered personal injury that's caused <br />by all personal injury offenses committed <br />In a policy year; <br /> <br />· all covered advertising injury that's caused <br />by all advertising injury offenses <br />committed in a pOlicy year; and <br /> <br />· all covered medical expenses that result <br />from all events Which happen in a policy <br />year. <br /> <br />However, this limit won't apply to bodily <br />injury or property damage that results from <br />your products or completed work. Instead, <br />t.he products and completed work total limit <br />applies to such bodily injury or property <br />damage Covered by this agreement. <br /> <br />Policy year meens the policy periOd shown <br />in the Introduction, or the period of time <br />that this agreement is in effect, whichever <br />is less. But when that periOd is longer than <br />one year, it means each consecutive annual <br />period, and the remaining periOd if any, that <br />this agreement is in effect, starting with the <br />beginning date of this agreement. <br /> <br />We explain the products and completed work <br />total limit, and what we mean by your <br />products and your completed work, in the <br />Products and completed work total limit <br />section. <br /> <br />Products and compleled work IOlal limit. This <br />is the most we'll pay for all covered bodily <br />injury and property damage thet: <br /> <br />· results from your products and completed <br />work; and <br /> <br />· happens in a policy year. <br /> <br />Your products means any of the goods or <br />products that are Or were manufactured, <br />sold, handled, distributed, or disposed of by: <br /> <br />· you; <br /> <br />· others using your name; or <br /> <br />· any person or organization whose business <br />or assets you've acquired. <br /> <br />Your products includes: <br /> <br />· all Containers, equipment, materials, Or <br />parts provided with or for your products; <br /> <br />. any warranty provided with or for your <br />products; <br /> <br />. any statement made. Or which should nave <br />been made, about the durability, fitness, <br />handling, maintenance, operation, <br /> <br />47150 Rev. 1-96 Printed-'. itt Sheeuy Insuring Agreement <br />If'lC::t Pl"Ii/ Firp ;>Jnd Marine Insurff~J~(tyOt:t.tfl~se All RiQhts ReservF!rI <br /> <br />However, no newly acquired or formed <br />organization is a protected person for: <br /> <br />· more than the remainder of the time this <br />agreement is in effect, beginning with the <br />date that you acquired or formed it; <br /> <br />· bodily injury or property damage that <br />happened before you acquired or formed <br />it; <br /> <br />· personal Injury or advertising injury that <br />results from an offense committed before <br />you acquired or formed it; or <br /> <br />· injury or damage that's covered by other <br />similar general liability insurance. <br /> <br />Separation of prolected persons. We'll apply <br />this agreement separately to each protected <br /> <br />person. <br /> <br />However, the limits of coverage shown in <br />the Coverage Summary are shared by all <br />protected persons. We explain how in the <br />Limits Of Coverage section. <br /> <br />Also, any right or duty specifically assigned <br />to the first named insured remains <br />unchanged. We explain those rights and <br />duties in the General Rules, which is a pert <br />of your poliCY. <br /> <br />limits Of Coverage <br /> <br />The limits shown in the Coverage Summary <br />and the information contained in this section <br />fix the most we'll pay as damages and <br />medical expenses, regardless of the number <br />of; <br /> <br />· protected persons; <br /> <br />. claims made or suits brought; or <br /> <br />. persons or organiZations making cleims Or <br />bringing suits. <br /> <br />General lotal limit This is the most We'll <br />pay for the combined total of: <br />. all covered bodily injury, property damage, <br />and premises damage that happens in a <br />policy year; APPROVED AS TO i.)I~M <br /> <br />. %51/7 <br /> <br />Page 9 of 23 <br />