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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> TERMS, CONDITIONS AND OTHER PROVISIONS <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> THIS IS A CLAIMS MADE POLICY. <br /> DEFENSE COSTS ARE INCLUDED WITHIN THE ANNUAL AGGREGATE LIMIT OF <br /> LIABILITY.ANY DEDUCTIBLES SHALL APPLY TO DEFENSE COSTS. <br /> READ THIS POLICY CAREFULLY. <br /> Some provisions restrict coverage. Do not rely on the titles or captions used in this Policy. Read this entire <br /> Policy carefully to determine rights, duties and what is or is not covered. Words and phrases appearing in <br /> quotation marks in this Policy are defined in the Definitions section of this Policy. <br /> All coverages in this Policy are subject to the Declarations, Terms, Conditions And Other Provisions, <br /> except as modified in any coverage or endorsement. <br /> Coverages in this Policy are only provided if, and to the extent that, coverage is indicated on the <br /> Declarations. <br /> COVERAGE EXTENSIONS <br /> Estates And Legal Representatives <br /> In the event an "insured person" is deceased, incompetent, insolvent or bankrupt, "insured person" <br /> shall also include estates,heirs,legal representatives or assigns of an "insured person." <br /> Extended Reporting Period <br /> If the "insured organization" or the "insurance organization" terminates, cancels or nonrenews this <br /> Policy for any reason, other than for nonpayment of premium, the "insured organization," shall have the <br /> right, upon payment of the additional premium shown in Item 5. on the Declarations, to extend <br /> coverage granted by this Policy for an amount of time shown in Item 5. on the Declarations following <br /> the effective date of termination, cancellation or nonrenewal. However, the extended coverage provided <br /> shall only apply to "wrongful acts" occurring prior to the effective date of termination, cancellation or <br /> nonrenewal. The right to purchase the Extended Reporting Period shall cease unless written notice to <br /> elect this extension of coverage along with the additional premium due is received by the "insurance <br /> organization" within 30 days following the effective date of termination, cancellation or nonrenewal. <br /> Any "claim" first made during the Extended Reporting Period shall be deemed to have been made <br /> during the "policy period" immediately preceding the effective date of termination, cancellation or <br /> nonrenewal. <br /> If the Extended Reporting Period is elected, all premium shall be deemed fully earned at the effective <br /> date of termination, cancellation or nonrenewal. <br /> MPL 0002 07 13 CUMIS Insurance Society, Inc. Page 2 of 30 <br />