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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> TERMS, CONDITIONS AND OTHER PROVISIONS <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> CONDITIONS <br /> Deductibles And Limits Of Liability <br /> 1. Deductibles <br /> The "insurance organization's" liability with respect to "loss" arising from each "claim" shall apply <br /> only to that part of"loss" that is excess of the applicable deductible shown in Item 3. (C) or Item 8. <br /> (C) on the Declarations. <br /> If "loss" arising from a single "claim" is subject to more than one deductible, the applicable <br /> deductible shall be applied separately to each part of such "loss," but the largest applicable <br /> deductible shall be the maximum deductible applicable to all "loss" arising from such single "claim." <br /> If a single deductible applies to multiple "insureds," the deductible shall be pro-rated among such <br /> "insureds." <br /> 2. Limits Of Liability <br /> For all coverages included in this Policy as shown in Item 3. (A) on the Declarations that are made <br /> part of the Policy Annual Aggregate Limit Of Liability shown in Item 3. (B) on the Declarations, the <br /> Policy Annual Aggregate Limit Of Liability shown in Item 4. on the Declarations is the maximum <br /> amount the "insurance organization" shall be liable to pay, for all "loss" resulting from all "claims" <br /> first made during the "policy period" or,if elected, the Extended Reporting Period. <br /> For each coverage included in this Policy as shown in Item 3. (A) on the Declarations,including any <br /> enhanced coverage that are made part of the coverage Annual Aggregate Limit Of Liability shown in <br /> Item 8. (B) on the Declarations, the coverage Annual Aggregate Limit Of Liability as shown in Item <br /> 3. (A) on the Declarations is the maximum amount the "insurance organization" shall be liable to <br /> pay, for all "loss" resulting from all "claims" first made during the "policy period" or,if elected, the <br /> Extended Reporting Period, under each applicable coverage. <br /> For each enhanced coverage included in this Policy as shown in Item 8. (A) on the Declarations, the <br /> Enhanced Coverage Annual Aggregate Limit Of Liability as shown in Item 8. (A) on the <br /> Declarations is the maximum amount the "insurance organization" shall be liable to pay, for all <br /> "loss" resulting from all "claims" first made during the "policy period" or, if elected, the Extended <br /> Reporting Period,under each applicable enhanced coverage. <br /> For all selected Management Liability Coverage, including any enhanced coverages that are made <br /> part of the coverage Annual Aggregate Limit Of Liability for the Management Liability Coverage <br /> shown in Item 8. (B) on the Declarations, and included in this Policy as shown in Item 3. (A) on the <br /> Declarations, the maximum amount the "insurance organization" shall be liable to pay is the amount <br /> provided in the Management Liability Coverage Annual Aggregate Limit Of Liability as shown in <br /> Item 3. (A) on the Declarations, for all "loss" resulting from all "claims" first made during the <br /> "policy period" or, if elected, the Extended Reporting Period, under all Management Liability <br /> Coverage. <br /> MPL 0002 07 13 CUMIS Insurance Society, Inc. Page 24 of 30 <br />