Orange County NC Website
DocuSign Envelope ID: E67DC299-98E1-4682-B281-3085AC9FC5B4 <br /> K. Change in Risk <br /> If, during the Policy Period, an Insured is dissolved, sold, acquired by, merged into, or consolidated with another <br /> entity such that the Insured is not the surviving entity; or a third party receiver, conservator, trustee, liquidator, <br /> rehabilitator or any similar official is appointed for or with respect to the Insured, then coverage under this Policy <br /> shall continue in full force and effect until the expiration date or any earlier cancellation or termination date, but <br /> only with respect to events, acts or incidents that occur prior to such consolidation, merger or acquisition. <br /> L. Named Insured as Agent <br /> The Named Insured will be considered the agent of all Insureds, and will act on behalf of all Insureds with <br /> respect to the giving of or receipt of all notices pertaining to this Policy, and the acceptance of any endorsements <br /> to this Policy. The Named Insured is responsible for the payment of all premiums and Deductibles and for <br /> receiving any return premiums. <br /> M. Other Insurance <br /> 1. With respect to Coverage D., this Policy shall be primary of any other insurance policy. <br /> 2. With respect to Coverages A., B., C., E. and F.: all Loss payable under this Policy shall be in excess of and <br /> shall not contribute with other existing insurance including, but not limited to, any insurance under which there <br /> is a duty to defend regardless of whether any Loss is collectible or recoverable under such other insurance, <br /> unless such other insurance is written specifically excess of this Policy. This Policy shall not be subject to the <br /> terms or conditions of any other insurance. <br /> N. Policy Territory <br /> This insurance applies to Claims made and acts, errors or omissions committed, or Loss occurring anywhere in <br /> the world except countries or states against which the United States has implemented trade or diplomatic <br /> sanctions. <br /> O. Economic and Trade Sanctions or Violations of Law <br /> Any Loss, Claim, covered event or other transaction or matter which is uninsurable under any act, statute, rule, <br /> regulation, ordinance, common law, or other law of the United States of America concerning trade or economic <br /> sanctions or export control laws are not covered under this Policy. <br /> P. Entire Agreement <br /> The Insureds agree that this Policy, including the Application, Declarations and any endorsements, constitutes <br /> the entire agreement between them and the Insurer or any of its agents relating to this insurance. <br /> TCM-POL-001 (01/19) Page 16 of 16 <br />