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oocuS|on Envelope ID:zoz4AonC-CenD-41 e7o
<br /> � AV L RS '( lMH\\YJF -\ un �MUTUAL
<br /> T AL
<br /> N()RTHCAROUNA
<br /> Financial Fraud Exclusionag.Endorsement
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<br /> This Endorsement, effective }2G1 f\.M. nn May 1, 2@19 forms a part of Policy No. 0022032-LPL-16
<br /> (the''Pmlixy") issued bm LAWYERS MUTUAL LIABILITY INSURANCE COMPANY OF NORTH CAR0L|NA.
<br /> |Lis hereby understood and agreed that asa condition o/the issuance of this Policy, the
<br /> EXCLUSIONS AND LIMITED WAIVER U' Exclusions, section of the Policy is hereby amended to add
<br /> this Specific Acts Exclusion, All Policy provisions, terms, and conditions, except as expressly
<br /> provided otherwise in this endorsement, remain in full force and effect,
<br /> irrespective of whether the act(s) or omission(s) alleged in support of a claim, suit, or theory of
<br /> insuredliability presented in a suit, would fall within INSURING AGREEMENT, 1. Coverage -Attorney, 11,
<br /> Coverage- Fiduciary or Ill. Coverage -Arbitrator & Mediator, this Policy does not afford to any
<br /> ~ any coverage or--'~f''` whatsoever, 'n---no' but not l'm''--to, any right to any defense,
<br /> with respect to:
<br /> any claim, or any theory of liability asserted in a suit, in vvhn|n or in any part upon any
<br /> act(o) or omission(s) of any Insured arising out of, related to, or on account of the loss,
<br /> misappropriation, or attempted misappropriation of funds, through any dishonest, deceitful, or
<br /> fraudulent scheme nr means, including but not limited towritten, electronic, telegraphic, cable,
<br /> teletype, facsimile, or telephone communications or access to, use of, or change to any
<br /> software, application, data, or information within any computer, server, electronic device, or
<br /> electronic account of an Insured. This exclusion applies regardless of whether any other act(s)
<br /> or omission(s) contributed concurrently or /n any sequence to the loss, misappropriation, or
<br /> attempted misappropriation of funds. This exclusionary endorsement shall apply only to funds
<br /> directly or indirectly connected with or related to any purchase, sale, financing, or refinancing
<br /> of real estate.
<br /> Provided, however, that this endorsement shall not apply to the loss, misappropriation or
<br /> attempted misappropriation of funds (1) wired or electronically transmitted by or on behalf of a
<br /> client if any Insured had previously obtained the client's written agreement to terms of
<br /> engagement applicable tothe representation that identified a specific )()LTA Trust Account as
<br /> the only bank account to be used, and that warned the client substantially as follows: "BEFORE
<br /> SENDING ANY WIRE, CALL OUR OFFICE TO VERIFY THE INSTRUCTIONS. WE WILL NOT
<br /> CHANGE WIRING INSTRUCTIONS. (F YOU RECEIVE WIRING INSTRUCTIONS FOR/\
<br /> DIFFERENT BANK, BRANCH LOCATION, ACCOUNT NAME OR ACCOUNT NUMBER, THEY
<br /> SHOULD RE PRESUMED TO BE FRAUDULENT. [)O NOT SEND ANY FUNDS AND CONTACT
<br /> OUR OFFICE IMMEDIATELY. FAILURE TO FOLLOW THIS PROCEDURE ENDANGERS YOUR
<br /> FUNDS," or (2) disbursed by or on behalf ofany Insured in accordance with a written, original,
<br /> notarized disbursement instruction authorizing the wiring or electronic transmission of the funds.
<br /> END #: O6D (06o0/2017) FFEE(RE.wSH)
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