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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 /> Insured Organization Rights And Obligations <br /> The "insured organization" agrees that it shall be considered the sole agent of, and shall act on behalf of, <br /> each "insured"with respect to: <br /> a. The payment of premiums and the receiving of any return premiums that become due under this <br /> Policy: <br /> b. The negotiation, agreement to and acceptance of endorsements made part of this Policy; <br /> c. The giving or receiving of any notice provided for in this Policy; <br /> d. The adjustment of"loss" amounts; and <br /> e. The receipt or enforcement of payment of"loss" (and the "insured organization" further agrees that <br /> it shall be responsible for application of any such payment as provided in the Policy). <br /> Each "insured" agrees that the "insured organization" shall act on its behalf with respects to such <br /> matters. <br /> Legal Action Against Insurance Organization <br /> 1. Legal action against the "insurance organization" under this Policy may not be brought by any <br /> person or entity unless: <br /> a. There has been full compliance with all the terms of this Policy; and <br /> b. The "insureds'" obligation to pay has finally been determined: <br /> 1) By final judgment; or <br /> 2) In a written agreement executed by the "insureds," the claimant and the "insurance <br /> organization." <br /> 2. A person or entity does not have the right under this Policy to join the "insurance organization" as a <br /> party to any action or proceeding that a"claim" against the "insureds"is being asserted. <br /> Modification Of Policy Terms <br /> This Policy contains all of the agreements between the "insurance organization" and the "insureds" <br /> concerning the coverage provided. The Policy terms can be modified only by written endorsement <br /> issued by the "insurance organization" and made a part of this Policy. <br /> Non-Assignment <br /> MPL 0002 07 13 CUMIS Insurance Society, Inc. Page 27 of 30 <br />