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onnunign Envelope ID:o2xeooCn-7uaF-4o7A+\sea-Cnn7sonn1eeE <br /> CNA CONTINENTAL CASUALTY COMPANY <br /> 333 S. WABASH AVENUE <br /> CHICAGO,IL 60604 <br /> LAWYERS PROFESSIONAL LIABILITY POLICY <br /> THIS IS A CLAIMS MADE AND REPORTED POLICY. IT APPLIES ONLY TO THOSE CLAIMS THAT ARE BOTH <br /> FIRST MADE AGAINST AN INSURED AND REPORTED IN WRITING TO THE COMPANY DURING THE POLICY <br /> PERIOD. PLEASE REVIEW THIS POLICY CAREFULLY AND DISCUSS THIS COVERAGE WITH YOUR INSURANCE <br /> AGENT OR BROKER. <br /> INSURING AGREEMENT <br /> A. Coverage <br /> The Company agrees to pay on behalf of the Insured all sums in excess of the deductible that the <br /> Insured shall become legally obligated to pay as damages and claim expenses because of a claim that <br /> is both first made against the Insured and reported in writing to the Company during the policy period <br /> by reason of an act or omission in the performance of legal services by the Insured or by any person for <br /> whom the Insured is legally liable, provided that: <br /> 1 <br /> no Insured gave notice to a prior insurer of such claim or a related claim; <br /> 2. no insured gave notice to a prior insurer of any such act or omission or related act <br /> or omission <br /> 3. prior to the date an Insured first becomes an Insured under this Policy or became an Insured <br /> under the first policy issued by the Company (or its subsidiary or affiliated insurers) to the Named <br /> Insured or any predecessor finn, whichever is eadier, of which this Policy is a renewal or <br /> replacement, no such Insured had a basis to believe that any such act or omission, or related act <br /> or omission, might reasonably be expected to be the basis of such claim; <br /> 4. there is no other po|icy, whether phmary, ountribuhnry, exoess, contingent or cdherwise, which <br /> provides insurance to any Insured for the claim based on or arising out of an act or omission in <br /> the performance of legal services by such Insured or by any person for whom such Insured is <br /> legally liable while "affiliated" with a firm other than the Named Insured. As used herein, <br /> "affiliated' includes acting as Of Counsel for a firm other than the Named Insured. <br /> B. Defense <br /> The Company shall have the right and duty to defend in the lnsureds name and on the Insured's behalf <br /> a claim covered by this Policy even if any of the allegations of the claim are gnound|eao, false or <br /> fraudulent. The Company shall have the right to appoint counsel and to make such investigation and <br /> defense of a claim as is deemed necessary by the Company. If a claim shall be subject to arbitration or <br /> mediation, the Company shall be entitled to exercise all of the Insured's rights in the choice of arbitrators <br /> or mediators and in the conduct of an arbitration or mediation proceeding. <br /> C. Settlement <br /> The Company shall not settle a claim without the written consent of the Named Insured. <br /> D. Exhaustion of limits <br /> The Company is not obligated to investiQate, dafend, pay or settle, or continue to inveotigate, defend, <br /> pay or settle a claim after the applicable limit of the Company's liability has been exhausted by payment <br /> of damages or claim expenses or by any combination thereof or after the Company has deposited the <br /> remaining available limits of liability into a court of competent jurisdiction. In such case, the Company <br /> shall have the right to withdraw from the further inventigstion, defense, payment or settlement of such <br /> claim by tendering control of said inveudgedion, defense or settlement of the claim to the Insured. <br /> |i <br /> LIMITS OF LIABILITY AND DEDUCTIBLE <br /> A. Limit of liability-each claim <br /> Subject to paragraph B. below, the limit of liability of the Company for damages and claim expenses for <br /> each claim first made against the Insured and reported to the Company during the policy period shall <br /> not exceed the amount stated in the Declarations for each claim. <br /> G118O11A (06-2015) <br /> Page 1 <br /> ©CNA All Rights Reserved. <br />