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2021-031-E CJRD-Dispute Settlement Center outside agency agreement
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2021-031-E CJRD-Dispute Settlement Center outside agency agreement
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DocuSign Envelope ID:A29AB125-209D-4CB9-854C-789BEC34FODD <br /> or allegedly committed before the end of the Policy Period or the date of any <br /> conversion of coverage described in Subsection 9, 10 or 11 of these General Terms <br /> and Conditions, whichever is earlier. The amount of the premium for the Extended <br /> Reporting Period is the amount set forth in Item 5(B) of the Declarations of these <br /> General Terms and Conditions, unless the Insured elects a reinstated limit, in which <br /> case the premium for the Extended Reporting Period shall be adjusted upward. The <br /> entire additional premium for the Extended Reporting Period shall be deemed fully <br /> earned at the inception of such Extended Reporting Period. <br /> No coverage will be available under this Policy for Loss from Claims made during an <br /> Extended Reporting Period based on, arising out of, directly or indirectly resulting <br /> from, in consequence of, or in any way involving any fact, circumstance, situation, <br /> transaction, event, Claim or Wrongful Act: (i)underlying or alleged in any prior <br /> and/or pending litigation as of the termination date of this Policy; or(ii)which has <br /> been the subject of any notice given before the termination date under any policy of <br /> insurance, including this Policy." <br /> 2. Subsection 17. Termination of Policy or Coverage Section(a) of the General Terms and <br /> Conditions Section is amended by adding the following at the end of such paragraph (a): <br /> "provided that,non-renewal by the Company is effective only if the Company mails or delivers at least forty- <br /> five(45)days advance written notice of non-renewal to the Organization at the address last known to the <br /> Company,stating the reason(s)for non-renewal,with a copy to the mortgagee or loss payee and the agent or <br /> broker of record,if any;" <br /> 3. Subsection 17. Termination of Policy or Coverage Section of the General Terms and Conditions Section is <br /> amended by adding the following at the end of such Subsection: <br /> "Notice of termination by the Company will state the effective date of,and the reason for,such termination and <br /> will be mailed or delivered to the Organization at the address shown on this Policy,with a copy to the agent or <br /> broker of record,if any,and to the mortgagee or loss payee,if any. <br /> Proof of mailing is sufficient proof of notice of any termination or non-renewal by the Company. <br /> Within forty-five (45) days after receipt of a written request from the Organization, the <br /> Company will mail to the Organization loss information respecting its account for the past <br /> three (3) years, which information shall include,but not be limited to, aggregate information <br /> on total open and closed Claims (which shall include the date, description of occurrence, and <br /> amount of payments) and information on any notice of occurrence." <br /> The Policy will be deemed to have been amended to the extent necessary to effect the purposes of <br /> this Amendatory Endorsement. <br /> 14-02-10356 (ed. 10/2004) Page 2 <br />
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