CIVIC PLUS (CIVICREC)-2017 - Laserfiche WebLink

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i. first, to an Insured for the amount of such loss, otherwise covered, in excess of the applicable Limits of Insurance; 2. second, to the Insurer for the amount of such loss paid to an Insured as covered loss; 3. third, to an Insured for the Retention applicable to such loss; 4. fourth, to an Insured for the amount of such loss not covered under this endorsement. Recovery from reinsurance or indemnity of the Insurer shall not be deemed a recovery hereunder. 18. Section XX, AUTHORIZATION CLAUSE, is amended by adding the following after the term Claim in the second line of the first sentence: or the notice of a loss pursuant to the Cyber Crime Insuring Agreements, 19. The following Sections are added: OWNERSHIP The Insurer's liability under this Policy will apply only to Money, Securities or Property owned by the Insured or for which the Insured is legally liable, or held by the Insured in any capacity whether or not the Insured is liable. NON -ACCUMULATION OF LIABILITY A. When there is more than one Insured, the maximum liability of the Insurer for loss sustained by any or all Insureds shall not exceed the amount for which the Insurer would be liable if all loss was sustained by any one Insured. B. Regardless of the number of years this coverage remains in effect and the total premium amounts due or paid, whether under this Policy, any prior bond or policy, or any renewal or replacement of this Policy, the liability of the Insurer with respect to any loss shall not be cumulative from year to year or from Policy Period to Policy Period. TERMINATION OF PRIOR BONDS OR POLICIES Any prior bonds or policies issued by the Insurer or any subsidiary or affiliate of Chubb shall terminate, if not already terminated, as of the inception of this Policy. All other terms and conditions of this Policy remain unchanged. PF-48257 (og/18) Rifil Mudgmeni Dhiakm ReoEwm & APPROVED BY' Risk NFanagement Cl eriral Aide