ECHAN, BARBARA A. 2 - 2009 - Laserfiche WebLink

Home Browse Search

This endorsement issued to Barbara Echan forms part of Policy Number: 0510-00122403B and is effective, 12:01 a. m., 05/01/2009. EXTENDED REPORTING PERIOD ENDORSEMENT In consideration of the premium charged, it is hereby understood and agreed that Section V. 2 - Extended Reporting Period is deleted in its entirety and replaced with the following: 2. Extended Reporting Period If the Insurers cancel or fail to renew this Policy, the Named Insured shall have the right to purchase an Extended Reporting Period to apply to Claims first made against the Insured and reported to the Insurers during the Extended Reporting Period for a period of one year for an additional premium of 100% of the total annual premium, but only with respect to Claims arising out of Wrongful Acts committed before the date of such cancellation or non - renewal. This Extended Reporting Period is subject to all other terms, conditions, limitations of and any endorsements to this Policy. If the Named Insured cancels or fails to renew this Policy, the Named Insured shall have the right to purchase an Extended Reporting Period to apply to Claims first made against the Insured and reported to the Insurers during the Extended Reporting Period for a period of one year for an additional premium of 125% of the total annual premium, but only with respect to Claims arising out of Wrongful Acts committed before the date of such cancellation or non - renewal. This Extended Reporting Period is subject to all other terms, conditions, limitations of and any endorsements to this Policy. As a condition precedent to the Named Insured's right to purchase the Extended Reporting Period, the full premium for this Policy and Policy Period must have been paid. The Named Insured's right to purchase the Extended Reporting Period must be exercised by notice in writing not later than 30 days following the non - renewal or cancellation date of this Policy, and must include payment of premium for the applicable Extended Reporting Period. If such notice is not so given to the Insurers, the Named Insured shall not, at a later date, be able to exercise such right. At the commencement of any Extended Reporting Period, the entire premium thereafter shall be deemed earned. All other terms, conditions and limitations of the Policy remain unchanged.