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<br />TCM-POL-001 (01/19) Page 13 of 16 <br />financial loss under the eCrime Loss Coverage. All loss described in this paragraph must be reported, and all <br />proofs of loss must be provided, to the Insurer no later than six months after the end of the Policy Period unless <br />the Insurer has agreed in writing to extend this deadline. <br />E. Any Claim arising out of a Loss that is covered under Coverages D., Breach Costs, E., eCrime Loss or F., First <br />Party Loss, and that is reported to the Insurer in conformance with paragraphs B., C. or D. above will be <br />considered to have been made during the Policy Period. <br />F. With respect to any circumstance that could reasonably be the basis for a Claim ,the Named Insured may give <br />written notice of such circumstance to the Insurer through the contacts listed in Item 10. of the Declarations. <br />Such notice must include: <br />1. the specific details of the act, error, omission or event that could reasonably be the basis for a Claim ; <br />2. the injury or damage which may result or has resulted from the circumstance; and <br />3. the facts by which the Insured first became aware of the act, error, omission or event. <br />If such notice that meets the requirements outlined above is made during the Policy Period, then any subsequent <br />Claim made against the Insured arising out of any circumstance reported to the Insurer will be considered to <br />have been made at the time written notice complying with the above requirements was first given to the Insurer. <br />IX. EXTENDED REPORTING PERIOD <br />As a condition precedent to obtaining an Automatic Extended Reporting Period (AERP) or an Optional Extended <br />Reporting Period (OERP), the full premium of this Policy, premium for any endorsements, and payment of <br />Deductibles must have been paid in full. Neither the AERP nor the OERP reinstate or increase the Limits of Liability. <br />Neither the AERP nor the OERP extend the Policy Period or change the scope of coverage afforded by this Policy. <br />A. Automatic Extended Reporting Period <br />If the Insurer or Named Insured cancel or non-renew this Policy for any reason other than non-payment of <br />premium, non-payment of Deductible, non-compliance with any terms and conditions of this Policy or fraud or <br />material misrepresentation, then the Named Insured shall be entitled to an AERP of 60 days from the date of <br />Policy expiration or cancellation to report Claims in writing to the Insurer which are first made against the <br />Insured during the AERP and which arise from a Technology/Professional Error or a Cyber Event that first <br />occurs before the end of the Policy Period or from Multimedia Material first disseminated before the end of the <br />Policy Period. If the OERP in subsection B. below is purchased, then this AERP shall be included within such <br />OERP and will not further extend such OERP. <br />B. Optional Extended Reporting Period <br />If the Insurer or Named Insured cancel or non-renew this Policy for any reason other than non-payment of <br />premium, non-payment of Deductible, non-compliance with any terms and conditions of this Policy or fraud or <br />material misrepresentation, then the Named Insured shall be entitled to purchase an OERP from the options <br />below. If elected, the OERP will begin on the date the Policy expires or is cancelled and would entitle the Insured <br />to notify the Insurer in writing of Claims which are first made against the Insured during the OERP and which <br />arise from a Technology/Professional Error or a Cyber Event that first occurs before the end of the Policy <br />Period or from Multimedia Material first disseminated before the end of the Policy Period. <br />C. OERP Options <br />1. 12 months for a premium not to exceed 100% of the annual premium; <br />2. 24 months for a premium not to exceed 150% of the annual premium; or <br />3. 36 months for a premium not to exceed 175% of the annual premium. <br />D. In order to purchase the OERP, the Named Insured must provide the Insurer with written notice of its intention to <br />do so no later than 30 days after the expiration or cancellation date of this Policy and must include full payment of <br />premium for the OERP at that time. The entire OERP premium is fully earned and non-refundable as of the date <br />the Named Insured notifies the Insurer of its intent to purchase the OERP and full payment must be made at that <br />time for the OERP to apply. <br />DocuSign Envelope ID: 028D978E-DF71-4D79-863D-8360D7144DD8