2022-077-E-IT Dept-PUBLIC LIBRARY ASSOCIATION, a divison of the American Library Association-Digital learning

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DocuSign Envelope ID:24BBAFA9-CD81-4144-ACEF-E9036E703739 Effective date of this Endorsement: 03-Jul-2021 This Endorsement is attached to and forms a part of Policy Number: VG00003589AB Beazley Insurance Company, Inc.referred to in this endorsement as either the "Insurer" or the "Underwriters" TEXAS AMENDATORY ENDORSEMENT This endorsement modifies insurance provided under the following: Beazley MediaTech 1. The NOTICE at the top of the first page above the INSURING AGREEMENTS section is amended to add ", Automatic Extension Period" before the words"or Optional Extension Period (if applicable)". 2. The following is added to the Settlement of Claims provision of the GENERAL CONDITIONS section: The Underwriters shall provide written notice to the Named Insured of an initial offer to settle or compromise a Claim against an Insured, not less than ten (10) days after the date on which the offer to settle or compromise is made, unless the Named Insured advised the Underwriters of such initial offer to settle or compromise the Claim. The Underwriters shall also provide written notice to the Named Insured of the settlement of a Claim against an Insured, not less than thirty (30) days after the settlement. 3. The phrase "Optional Extension Period", wherever it appears, shall be deemed to include "Automatic Extension Period". 4. The OPTIONAL EXTENSION PERIOD section is deleted in its entirety and replaced with the following: AUTOMATIC AND OPTIONAL EXTENSION PERIODS The Named Insured shall have an automatic thirty (30) day extension of the coverage granted by this Policy following the effective date of cancellation or nonrenewal, but only with respect to any act, error or omission committed on or after the Retroactive Date and before the effective date of cancellation or nonrenewal. This period shall be referred to herein as the "Automatic Extension Period". If the Underwriters or the Named Insured cancels or nonrenews this Policy for any reason except the non-payment of premium, then the Named Insured shall have the right, upon payment of an additional premium calculated at that percentage shown in the Optional Extension Premium provision of the Declarations of the total premium for this Policy, to an extension of the coverage granted by this Policy with respect to any Claim first made against any Insured and reported in writing to the Underwriters during the period of time set forth in the Optional Extension Period provision of the Declarations after the end of the Automatic Extension Period, but only with respect to any act, error or omission committed on or after the Retroactive Date and before the effective date of cancellation or nonrenewal. The Optional Extension Period offered by the Underwriters shall be at least one year in length. The right to purchase the Optional Extension Period shall terminate unless written notice together with full payment of the premium for the Optional Extension Period is given to the Underwriters within thirty (30) days after the effective date of cancellation or nonrenewal. If such notice and premium payment is not so given to the Underwriters, there shall be no right to purchase the Optional Extension Period. In the event of the purchase of the Optional Extension Period, the entire premium for the Optional Extension Period shall be deemed earned at its commencement. A01801 TX Page 1 of 3 092019 ed.