Orange County NC Website
DocuSign Envelope ID:4BD3AF05-8D53-4AE5-83F5-70D042544F7F <br /> DNA REAL ESTATE PROFESSIONALS ERRORS <br /> AND OMISSIONS POLICY <br /> M. Sole Agent/Notices <br /> The first of you named on the Declarations shall be the sole agent of all Insureds for the purposes of <br /> effecting or accepting any notices hereunder, any amendments to or cancellation of this policy, for the <br /> completing of any applications, for the payment of any premium and the receipt of any return <br /> premium that may become due, and the exercising or declining to exercise any right under this policy. <br /> Any notices required to be given by the Insured shall be submitted in writing to us or our authorized <br /> representative at the address specified in the Declarations. If mailed, the date of mailing of such <br /> notice shall be deemed to be the date such notice was given and proof of mailing shall be sufficient <br /> proof of notice. <br /> N. Bankruptcy <br /> Bankruptcy or insolvency of the Insured or of the Insured's estate will not relieve us of our <br /> obligations under this Policy. In the event of your bankruptcy, insolvency, or dissolution, we shall <br /> have, at our sole option, the right to settle any claim without obtaining consent. <br /> O. Estates, Legal Representatives and Spouses <br /> The estates, heirs, legal representatives, assigns, spouses and any domestic partners of the <br /> Insured shall also be insured under this Policy; provided, however, coverage is afforded to such <br /> estates, heirs, legal representatives, assigns, spouses and domestic partners only for claims <br /> arising solely out of their status as such and, in the case of a spouse or domestic partner, where <br /> such claim seeks damages from marital community property,jointly held property or property <br /> transferred from the Insured to the spouse or domestic partner. No coverage is provided for any <br /> act, error or omission of an estate, heir, legal representative, assign, spouse or domestic partner. <br /> All terms and conditions of this Policy, including without limitation the retention, applicable to <br /> damages and claim expenses incurred by the Insured, shall also apply to damages and claim <br /> expenses incurred by such estates, heirs, legal representatives, assigns, spouses and domestic <br /> partners. <br /> P. Trade and Economic Embargoes <br /> This policy does not provide coverage for Insureds, transactions or that part of damages or claims <br /> expenses that is uninsurable under the laws or regulations of the United States concerning trade or <br /> economic sanctions. <br /> Q. Liberalization <br /> If we adopt any revision that would broaden coverage under this policy form without additional <br /> premium at any time during the policy period, the broadened coverage will immediately apply to this <br /> Policy except that it will not apply to claims that were first made against the Insured prior to the <br /> effective date of such revision. <br /> CNA65781 XX ED. 05-2012 Page 16 <br />