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a. for Claims arising Linder Insuring Agreement 1. a. of this Policy, the Limit of Liability specified in Item 3. b. of the Policy
<br />Declarations as the Annual Aggregate shall be the Insurer's maximum liability for Damages for all Claims during the Policy
<br />Year.
<br />b. for Claims arising Linder Insuring Agreement 1, a, of this Policy, the Limit of Liability specified in Item 3. a., of the Policy
<br />Declarations as the Lirnit for each Claim shall be the Insurer's maximum liability for Damages for each Claim during the
<br />Policy Year, and subject to the Annual Aggregate Limit of Liability specified in Item 3, b. of the Policy Declarations,
<br />c. for Claims arising under Insuring Agreement 1. b. of this Policy, the Insurer's maximum liability for Damages and Claim
<br />Expenses shall not exceed 525,000, subject to the Annual Aggregate Limit of Liability specified in Item 3. b. of the Policy
<br />Declarations.
<br />d. for Claims arising under Insuring Agreement 1. a. of this Policy, Claim Expenses shall be paid in addition to the Limits of
<br />Liability as shown in the Policy Declarations.
<br />e, the Deductible amount stated in Item 4. of the Policy Declarations shall apply to Damages and Claim Expenses and shall
<br />apply separately to each and every Claim. The Named Insured must pay the Deductible stated in Item 4. of the Policy
<br />Declarations for Damages and Claim Expenses, Subject to the Limits of Liability, the Insurer shall only be liable to pay for
<br />Damages and Claim Expenses in excess of such Deductible, and such Deductible shall not be insured under this Policy.
<br />f the Limit of Liability for the Automatic Extended Reporting Period and the Extended Reporting Period, if applicable, shall be
<br />part of and not in addition to the Limits of Liability specified in Item 3, of the Policy Declarations.
<br />g. Claims based upon or arising out of the same Wrongful Act, interrelated Wrongful Acts, or a series of similar or related
<br />Wrongful Acts shall be considered a single Claim subject to one Claim Limit and shall be considered first made during the
<br />Policy Period, the Automatic Extended Reporting Period or Extended Reporting Period, if applicable, in which the earliest
<br />Claim arising out of such Wrongful Act(s) was first made and all Damages from such Claims shall be subject to the one
<br />Limit of Liability that applies to such earliest Claim.
<br />h, the Limits of Liability of this Policy apply separately to each consecutive annual period and to any remaining period of less
<br />than twelve (12) months, starting with the beginning of the Policy Period shown in Item 2. of the Policy Declarations, unless
<br />the Policy Period is extended after issuance for air additional period of less than twelve (12) months. In that case, the
<br />additional period will be deemed part of the last preceding twelve (12) month period for purposes of determining the Limits
<br />of Liability.
<br />a. As a condition precedent to the coverage hereunder:
<br />(i) in the event of a. Claim, prompt written notice containing particulars sufficient to identify the Insured and all reasonably
<br />obtainable information with respect to the time, place and particulars thereof, and the names and addresses of available
<br />witnesses, shall be given by or for the Insured to the Insurer;
<br />(ii) if a Claim is made against the Insured, the Insured shall promptly forward to the Insurer every demand, notice,
<br />summons, order or other process received by the Insured or the Insured's representative. This requirement continues
<br />throughout the life of the Claim.
<br />b. All notices tinder this Policy shall be in writing and given by prepaid express courier, certified mail, e-mail, or facsimile
<br />properly addressed to the appropriate party,
<br />c. If any Insured shall commit fraud in proffering any Claim as regards amount or other-wise, the insurance shall become void
<br />as to such Insured from the date such fi-audulent Claim is proffered.
<br />d. Notice to any Insureds may be given to the Named Insured at the address shown in Item 1. of the Declarations. It is agreed
<br />the Named Insured shall act on behalf of all Insureds with respect to the giving and receiving of notice of Claim,
<br />Circumstance, or Damages, cancellation or termination, the payment of premiums and the receiving of any return premiums
<br />that may become due under this Policy, the negotiation, agreement to and acceptance of any endorsements issued to form a
<br />part of this Policy, and the exercising or declining to exercise ht to air Extended Reporting Period. Notice to the
<br />Insurer of any Claim tinder this Policy shall be given to:
<br />I-IODGES LACEY & ASSOCIA"I""ES, LLC� A-2014-037 REVIEWED BY: EUNICE HEREDIA (PG 14 OF 24)
<br />RTP 101 (0911.1)
<br />Insured
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