Orange County NC Website
Browse       Search
<br />EPS++ <br />tech + pro + media + security + privacy <br /> <br />GSL2302XX (Ed 6/11) <br />Page 26 <br />Copyright © 2011 CNA. All Rights Reserved. <br />1. waive and release any automatic stay or injunction to the extent it may apply in such proceeding to the <br />proceeds of this Policy under such Bankruptcy Law; and, <br />2. agree not to oppose or object to any efforts by the Insurer or any Insured to obtain relief from any stay or <br />injunction applicable to the proceeds of this Policy as a result of the commencement of such liquidation or <br />reorganization proceeding. <br />S. CONFIDENTIAL SOURCE/RETRACTION OF MATTERS <br />Solely with respect to a Claim under Insuring Agreement A.2. Media Liability, the Insured’s rights under this <br />Policy shall not be prejudiced by the Insured’s refusal to reveal the identity of a confidential source or to disclose <br />documents or information obtained by the Insured during the course of any Wrongful Act as set forth in <br />paragraph B. of the definition of Wrongful Act. The Insured shall have full discretion to retract or clarify all <br />Matter. <br />T. TRADE AND ECONOMIC SANCTIONS <br />This Policy does not provide coverage for Insureds, transactions or that part of Damages or Claim Expenses <br />that is uninsurable under the laws or regulations of the United States concerning trade or economic sanctions. <br />U. PROOF, VALUATION AND PAYMENT OF FIRST PARTY LOSS <br />1. Proof of First Party Loss <br />The Named Insured must submit a written proof of First Party Loss providing details relating to the <br />particulars and composition of the amounts claimed in the event of a Network Impairment. The proof of loss <br />shall be submitted with reasonable promptness, but in no event later than 6 months after the date initial notice <br />of Network Impairment was submitted to the Insurer. The amount of First Party Loss shall be payable by <br />the Insurer, to the Named Insured, within 60 days after the Insurer’s formal agreement to the amounts <br />claimed in the proof of loss. <br />2. Examination of the Insured Books and Records <br />Solely with respect to verification of First Party Loss, the Insured agrees to allow the Insurer to examine and <br />audit the Insured Entity’s books and records that relate to this Policy, at any time during the Policy Period <br />and up to 3 years thereafter. <br />3. Inspections and Surveys <br />The Insurer has the right but is not obligated to do the following, on its own or through its independent <br />contractors: <br />A. make remote electronic scan inspections of all or any part of the Insured Entity’s Network or of the <br />Network of any entities newly acquired by the Insured at any time; <br />B. give the Insured reports on the conditions the Insurer finds; <br />C. recommend changes to the Insured Entity’s Network; or, <br />D. conduct loss control and prevention activity. <br />DocuSign Envelope ID: 57A293A7-E790-41D7-BF18-E42777ABBC47