Orange County NC Website
DocuSign Envelope ID: DF078B63-CCED-42B9-8016-A67D8F6DF779 <br /> 10.Newly Formed Or Acquired Organizations <br /> SECTION II—WHO IS AN INSURED <br /> Paragraph 3. and subparagraphs a., b. and c. are changed as follows: <br /> 3. Any organization you newly acquire or form, other than a partnership,joint venture, or limited liability <br /> company, and over which you maintain ownership or majority interest, will qualify as a Named Insured if <br /> there is no other similar insurance available to that organization. However: <br /> a. Coverage under this provision applies only until the 90th day after you acquire or form the <br /> organization or at the end of the policy period, whichever is earlier. <br /> b. Coverage A does not apply to "bodily injury"or"property damage"that occurred before you acquired <br /> or formed the organization; and <br /> c. Coverage B does not apply to "personal and advertising injury" arising out of an offense committed <br /> before you acquired or formed the organization. <br /> No person or organization is an insured with respect to the conduct of any current or past <br /> partnership,joint venture, or limited liability company that is not shown as a Named Insured in the <br /> Declarations. <br /> 11.Non-Owned Aircraft <br /> The following is added to Subparagraph g. of 2. Exclusions of SECTION I—COVERAGE A BODILY INJURY AND <br /> PROPERTY DAMAGE LIABILITY: <br /> (6) An aircraft with a paid crew, that is hired, chartered or loaned but is not owned by the insured. <br /> 12.Watercraft Coverage Enhancement <br /> Sub-paragraph (2) of paragraph g. Aircraft, Auto Or Watercraft of paragraph 2. Exclusions of Section I - <br /> Coverage A are replaced by the following: <br /> g. Aircraft, Auto, Or Watercraft <br /> (2) A watercraft you do not own that is: <br /> (a) Less than 51 feet long; and <br /> (b) Not being used to carry persons or property for a charge; <br /> 13. Aggregate Limits Per Project <br /> A. For all sums which the Insured becomes legally obligated to pay as damages caused by"occurrences" under <br /> Coverage A (Section 1), and for all medical expenses caused by accidents under Coverage C (Section 1), <br /> which can be attributed only to ongoing operations at a single construction project away from premises owned <br /> by or rented to you: <br /> 1. A separate Single Construction Project General Aggregate Limit applies to each construction project <br /> away from premises owned by or rented to you, and that limit is equal to the amount of the General <br /> Aggregate Limit shown in the Declarations. <br /> 2. The Single Construction Project General Aggregate Limit Is the most we will pay for the sum of all <br /> damages under Coverage A, except damages because of'bodily injury" or"property damage" included in <br /> the "products-completed operations hazard", and for medical expenses under Coverage C regardless of <br /> the number of: <br /> a. Insureds; <br /> Includes copyrighted material of Insurance Services Office, Inc., with its permission. <br /> Copyright, Insurance Services Office, Inc., 1997 <br /> CG70510615 6 1 P a g e <br />