Orange County NC Website
Browse       Search
<br />14-02-10356 (ed. 10/2004) Page 2 <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 /> <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 /> <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 /> <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 /> <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 /> <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 /> <br /> Proof of mailing is sufficient proof of notice of any termination or non-renewal by the Company. <br /> <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 /> <br /> <br />The Policy will be deemed to have been amended to the extent necessary to effect the purposes of <br />this Amendatory Endorsement. <br /> <br />DocuSign Envelope ID: 010D91E2-5C66-4610-B0AF-F96D7E61B6C5