Orange County NC Website
DocuSign Envelope ID:2E150770-7335-4B4E-BDA7-47D76E2FC4C6 <br /> THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> AUTO FIRST CHOICE COVERAGE ENDORSEMENT <br /> This endorsement modifies insurance provided under the following: <br /> BUSINESS AUTO COVERAGE FORM <br /> NOTE: The following are additions, replacements and amendments to the Business Auto Coverage Form, and <br /> will apply unless excluded by separate endorsement(s)to the Business Auto Coverage Form. <br /> With respect to coverages provided by this endorsement, the provisions of the Business Auto Coverage Form <br /> apply unless modified by this endorsement. <br /> The Business Auto Coverage Form is amended as follows: <br /> SECTION II m LIABILITY COVERAGE is amended as follows: <br /> A.1. Who Is An Insured provision is amended by adding the following: <br /> d. Any legally incorporated subsidiary of yours in which you own more than 50% of the voting stock on the <br /> effective date of this coverage form. However, "insured" does not include any subsidiary that is an <br /> "insured" under any other liability policy or would be an "insured" under such a policy but for its <br /> termination or the exhaustion of its limits of insurance. In order for such subsidiaries to be considered <br /> insured under this policy, you must notify us of such subsidiaries within 60 days of policy effective date- <br /> e. Any organization you newly acquire or form during the policy period, other than a partnership or joint <br /> venture, and over which you maintain sole ownership or a majority interest. However; coverage under <br /> this provision: <br /> (1) Does not apply if the organization you acquire or form is an "insured" under another liability policy <br /> or would be an "insured" under such a policy but for its termination or the exhaustion of its limits of <br /> insurance; <br /> (2) Does not apply to"bodily injury" or"property damage"that occurred before you acquired or formed <br /> the organization; and <br /> (3) Is afforded only for the first 90 days after you acquire or form the organization or until the end of the <br /> policy period, whichever comes first. <br /> f. Any person or organization who is required under a written contract or agreement between you and that <br /> person or organization, that is signed and executed by you before the "bodily injury" or"property <br /> damage occurs and that is in effect during the policy period, to be named as an additional insured is <br /> an "Insured" for Liability Coverage, but only for damages to which this insurance applies and only to the <br /> extent that person or organization qualifies as an "insured" under the Who Is An Insured provision <br /> contained in Section If. <br /> g. Any"employee" of yours using: <br /> (1) a covered "auto" you do not own, hire or borrow, or a covered "auto" not owned by an "employee" <br /> or a member of his or her household, while performing duties related to the conduct of your <br /> business or your personal affairs; or <br /> CAU 058(12 09) Includes copyrighted material of the Insurance Services Office, Inc.,with its permission. Page 1 of 5 <br /> Copyright 2009 FOCI Insurance Group. <br />