Orange County NC Website
DocuSign Envelope ID:A29AB125-209D-4CB9-854C-789BEC34FODD <br /> ENDORSEMENT/RIDER <br /> <COVSECT> <br /> Effective date of <br /> this endorsement/rider: <TRXEFFDATE> <CARRNAME> <br /> Endorsement/Rider No. <EN> <br /> To be attached to and <br /> form a part of Policy No. <POLICYNO> <br /> Issued to: <ACCTNAME> <br /> AMEND DEFINITION OF LOSS TO INCLUDE COVERAGE FOR MULTIPLIED DAMAGES <br /> ENDORSEMENT <br /> In consideration of the premium charged, it is agreed that: <br /> The definition of Loss set forth in Section 4., Definitions, of this Coverage Section is amended as follows: <br /> (a) subparagraph(i) is amended to read in its entirety as follows: <br /> (i) damages (including punitive damages, exemplary damages, or the multiple <br /> portion of any multiplied damage award, if and to the extent that such punitive <br /> damages, exemplary damages, or the multiple portion of any multiplied damage <br /> award, are insurable under the law of the jurisdiction most favorable to the <br /> insurability of such damages provided such jurisdiction has a substantial <br /> relationship to the relevant Insureds, to the Company, or to the Claim giving rise <br /> to the damages); <br /> (b) subparagraph (d) is amended to read in its entirety as follows: <br /> (d) taxes, fines or penalties, except as provided above with respect to punitive <br /> damages, exemplary damages, the multiple portion of any multiplied damage <br /> award and Excess Benefit Transaction Excise Taxes; <br /> (c) subparagraph (e) is amended to read in its entirety as follows: <br /> (e) any amount not insurable under the law pursuant to which this Coverage Section is construed, <br /> except as provided above with respect to punitive damages,exemplary damages or the multiple <br /> portion of any multiplied damage award; <br /> 14-02-12609 (11/2006) Page 1 <br />