Orange County NC Website
Browse       Search
Lawyers Professional Liability <br />Policy <br />Form No: G118011A (06-2015)Policy No: 5096501940 <br />Policy; Page: 12 of 16 Policy Effective Date: 09/19/2024 <br />Underwriting Company:Continental Casualty Company, 151 N Franklin St, Chicago, IL 60606 Policy Page: 15 of 28 <br />© Copyright CNA All Rights Reserved. <br /> <br /> <br />insurer defends, the Company will undertake to do so, but it will be entitled to the Insured’s rights <br />against all those other insurers. <br />E. Assistance and cooperation of the Insured <br />1. The Insured shall cooperate with the Company and, upon the Company's request, shall attend <br />hearings and trials and shall assist in effecting settlements, securing and giving of evidence, <br />obtaining the attendance of witnesses, and the conduct of suits and proceedings in connection with <br />a claim. <br />2. The Insured shall assist in the enforcement of any right of contribu tion or indemnity against any <br />person or organization who or which may be liable to any Insured in connection with a claim. <br />3. The Insured shall not, except at its own cost, voluntarily make any payment, assume or admit any <br />liability or incur any expense without the consent of the Company. <br />F. Action against the Company <br />No action shall lie against the Company by any third party, unless, as a condition precedent thereto: <br />1. there shall have been full compliance with all the terms of this Policy; and <br />2. the Insured's obligation to pay shall have been finally determined either by judgment against the <br />Insured after actual trial or by written agreement of the Insured, the claimant and the Company. <br />Any person or organization or the legal representative thereof who has secured such judgment or <br />written agreement shall thereafter be entitled to recover under this Policy to the extent of the insu rance <br />afforded by this Policy. No person or organization shall have any right under this Policy to join the <br />Company as a party to any action against an Insured, nor shall the Company be impleaded by the <br />Insured or his legal representative. <br />G. Bankruptcy or Insolvency <br />Bankruptcy or insolvency of the Insured or of the Insured's estate shall not relieve the Company of any <br />of its obligations hereunder. <br />H. Subrogation <br />In the event of any payment under this Policy, the Company shall be subrogated to all the Insured's <br />rights of recovery thereof against any person or organization. The Insured shall execute and deliver <br />instruments and papers and do whatever else is necessary to secure and collect upon such rights. The <br />Insured shall do nothing to prejudice such rights. <br />I. Changes <br />Notice to any of the Company's agents or knowledge possessed by any such agent or any other person <br />shall not act as a waiver or change in any part of this Policy. It also will not prevent the Company from <br />asserting any rights under the provisions of this Policy. None of the provisions of this Policy will be <br />waived, changed or modified except by written endorsement, signed by the Company, issued to form a <br />part of this Policy. <br />J. Assignment <br />No assignment of interest of the Insured under this Policy shall be valid, unless the written consent of <br />the Company is endorsed hereon. <br /> <br /> <br /> <br /> <br />Docusign Envelope ID: D93C5068-8EF6-4BC9-8D5A-4D4FF1A6FBEF