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ALLIANCE OF <br /> NONPROFITS FOR <br /> INSURANCE <br /> A Head for Insurance . A Heart for Nonprofits. <br /> COMMERCIAL UMBRELLA POLICY <br /> THIS POLICY PROVIDES COVERAGE ON A CLAIMS - MADE BASIS IF THE UNDERLYING INSURANCE <br /> PROVIDES CLAIMS - MADE COVERAGE , IF COVERAGE WITHIN THIS POLICY IS PROVIDED ON A CLAIMS - <br /> MADE BASIS , IT APPLIES ONLY TO CLAIMS MADE AGAINST AN INSURED AND REPORTED TO US DURING <br /> THIS POLICY' S PERIOD OR ANY EXTENDED REPORTING PERIOD THAT MAY APPLY , IF COVERAGE WITHIN <br /> THIS POLICY IS PROVIDED ON A CLAIMS - MADE BASIS , THIS COVERAGE APPLIES ONLY TO DAMAGES <br /> ARISING FROM AN ACT , ERROR OR OMISSION COMMITTED ON OR AFTER THE RETROACTIVE DATE <br /> SHOWN IN THE DECLARATIONS OF THE UNDERLYING CLAIMS - MADE POLICY ( S ) BUT PRIOR TO THE END OF <br /> THIS POLICY' S PERIOD , NOT INCLUDING AN EXTENDED REPORTING PERIOD . PLEASE READ THIS POLICY <br /> CAREFULLY TO DETERMINE YOUR RIGHTS AND OBLIGATIONS . <br /> Throughout this policy , the words " you " and "your" refer to the Named Insured shown in the Declarations . The words <br /> "we , " " us " and " our" refer to the Company issuing this policy . <br /> Other words and phrases that appear in quotation marks have special meanings found in Section 6 - DEFINITIONS . <br /> SECTION 1 . INSURING AGREEMENT an Optional Extended Reporting Period as <br /> described in subparagraph 3 below , IF , <br /> A . Excess Liability Insurance ( Following Form ) a . this insurance is cancelled or not renewed <br /> for any reason other than non - payment of <br /> We will pay on behalf of an insured those sums in premium ; or <br /> excess of the amount payable under the terms of b . we renew or replace this insurance with <br /> any " Underlying Insurance " as stated in the other insurance that : <br /> " Schedule of Underlying Insurance " that an insured ( 1 ) has a Retroactive Date later than the <br /> becomes legally obligated to pay as damages to Retroactive Date shown in the <br /> which this insurance applies . This Excess Liability Declarations of this policy ; or <br /> Insurance is excess insurance and follows the (2 ) does NOT apply to damage on a <br /> " Underlying Insurance " except as otherwise stated claims - made basis . <br /> in this policy . This Excess Liability Insurance is If the " Underlying Insurance " does not provide <br /> subject to the same terms , conditions , warranties , an Extended Reporting Period then we will not <br /> agreements , exclusions , endorsements and offer and will not provide an Extended <br /> definitions contained in the " Underlying Insurance" Reporting Period . <br /> except as otherwise provided in this policy ; <br /> provided , however , in no event will this insurance 2 . Automatic Extended Reporting Period <br /> apply unless the " Underlying Insurance" applies or <br /> would apply but for the exhaustion of the If the " Underlying Insurance" provides <br /> applicable Limit of Liability in the " Underlying coverage on a claims - made basis then an <br /> Insurance . " Automatic Extended Reporting Period , <br /> equal in length to the Automatic Extended <br /> B . Extended Reporting Reporting Period provided in the <br /> applicable " Underlying Insurance , " is <br /> 1 . Extended Reporting Periods automatically provided , except when this <br /> insurance is cancelled or not renewed <br /> If the " Underlying Insurance " provides because of non - payment of premium . The <br /> coverage on a claims - made basis and this Automatic Extended Reporting Period <br /> policy provides coverage on a claims - made does NOT apply to a claim that is covered <br /> basis , then we will provide an Automatic under any subsequent insurance you <br /> Extended Reporting Period as described in purchase , or that would be covered , but for <br /> subparagraph 2 below and , if you purchase it , exhaustion of the amount of insurance <br /> otherwise applicable to such claim . <br /> Page 1 of 6 <br /> UMB- 100 08 18 <br />