Orange County NC Website
<br />14-02-12609 (11/2006) 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 TO INCLUDE COVERAGE FOR MULTIPLIED DAMAGES <br />ENDORSEMENT <br /> <br />In consideration of the premium charged, it is agreed that: <br /> <br />The definition of Loss set forth in Section 4., Definitions, of this Coverage Section is amended as follows: <br /> <br />(a) subparagraph (i) is amended to read in its entirety as follows: <br /> <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 /> <br />(b) subparagraph (d) is amended to read in its entirety as follows: <br /> <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 /> <br />(c) subparagraph (e) is amended to read in its entirety as follows: <br /> <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 /> <br />DocuSign Envelope ID: 010D91E2-5C66-4610-B0AF-F96D7E61B6C5