Orange County NC Website
<br />ANI-E069 GL 02 19 Page 1 of 1 <br /> <br /> <br /> <br /> <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> <br />FISCAL SPONSOR LIMITATION OF COVERAGE <br /> <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL GENERAL LIABILITY COVERAGE PART <br /> BUSINESS AUTO COVERAGE FORM <br /> <br /> <br />This insurance does not apply to “bodily injury,” “property damage,” or “personal and advertising injury” arising out of <br />an Insured’s status as a “fiscal sponsor” until: <br /> <br />a. The first Named Insured enters into a “fiscal sponsor agreement” arising out of or in connection with the <br />First Named Insured’s status as a “fiscal sponsor” for that person, entity or organization; and <br />b. The first Named Insured provides any underwriting information and pays any additional premium required <br />by us. <br /> <br />This insurance does not apply to “bodily injury” or “property damage” that occurs before the first Named Insured enters <br />into the “fiscal sponsor agreement” which is subject of the claim, loss, damage or expense or because of an offense <br />that constitutes “personal and advertising injury” that is committed before the first Named Insured enters into the “fiscal <br />sponsor agreement” which is the subject of the claim, loss, damage or expense. <br /> <br />If there is other insurance available to any party pursuant to a “fiscal sponsor agreement“ for “bodily injury,” <br />“property damage,” or “personal and advertising injury” which are covered by this endorsement, including but not <br />limited to a duty to defend the first Named Insured by that other insurance, the coverage provided by this <br />endorsement is excess to that other insurance. <br /> <br />“Fiscal sponsor” is defined to mean the first Named Insured’s status as the entity or organization which offers its legal <br />and tax-exempt status to another person, entity or organization pursuant to a “fiscal sponsor agreement”; who <br />participates in the operations of that person, entity or organization by receiving assets and incurring liabilities for the <br />mutual benefit of pursuing charitable goals; and in consideration for the benefit of that person, entity or organization <br />has assumed responsibility to manage programs, events, revenue, grants, contributions, contracts and/or insurance <br />programs. <br /> <br />“Fiscal sponsor agreement” is defined as a written contract or agreement by the first Named Insured with a person, <br />entity and/or organization in which the first Named Insured agrees to serve as a “fiscal sponsor” for such person, entity <br />or organization. <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 81A61471-345A-47F9-8A2D-36F7929A6637