Orange County NC Website
<br />14-02-11469 (11/2007) rev. Page 1 <br />ENDORSEMENT/RIDER <br /> <br /><COVSECT> <br /> <br />Effective date of <br />this endorsement/rider: <TRXEFFDATE> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><CARRNAME> <br /> <br />Endorsement/Rider No. <EN> <br /> <br />To be attached to and <br />form a part of Policy No. <POLICYNO> <br /> <br />Issued to: <ACCTNAME> <br />__________________________________________________________________________________________ <br />___ <br /> <br />AMEND DEFINITION OF LOSS ENDORSEMENT <br /> <br />In consideration of the premium charged, it is agreed that: <br /> <br />(1) Notwithstanding anything to the contrary contained in this Coverage Section, the term Loss, as <br />defined in Subsection 4 Definitions of this Coverage Section, is amended to include Defense Costs <br />incurred by any Insured in contesting a Claim for the assessment of taxes, initial taxes, additional <br />taxes, tax deficiencies, or penalties pursuant to the following sections of the Internal Revenue Code, <br />26 U.S.C. §§ 4911, 4940(a), 4941(a), 4941(b), 4942(a), 4942(b), 4943(a), 4943(b), 4944(a), 4944(b), <br />4945(a), 4945(b), 4955(a), 4955(b), 6652(c)(1)(A), 6652(c)(1)(B), 6655(a)1, 6656(a) or 6656(b). <br /> <br />(2) It is understood and agreed that no coverage will be available under this Coverage Section for: <br /> <br />(a) Defense Costs incurred by any Insured in contesting a Claim for the assessment of any tax <br />penalty pursuant to any section of the Internal Revenue Code other th an those specified in <br />paragraph (1) above; or <br /> <br />(b) Loss which constitutes damages (including punitive or exemplary damages), judgments, <br />settlements, pre-judgment interest, post-judgment interest on account of any Claim for the <br />assessment of taxes, initial taxes, additional taxes, tax deficiencies, or penalties pursuant to <br />any section of the Internal Revenue Code specified in paragraph (1) above, or the payment of <br />any taxes, initial taxes, additional taxes, tax deficiencies, or penalties assessed pursuant to <br />any such section of the Internal Revenue Code. <br /> <br />DocuSign Envelope ID: 010D91E2-5C66-4610-B0AF-F96D7E61B6C5