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Lawyers Professional Liability <br />Policy <br />Form No: G118011A (06-2015)Policy No: 5096501940 <br />Policy; Page: 14 of 16 Policy Effective Date: 09/19/2024 <br />Underwriting Company:Continental Casualty Company, 151 N Franklin St, Chicago, IL 60606 Policy Page: 17 of 28 <br />© Copyright CNA All Rights Reserved. <br /> <br /> <br />O. Notices <br />Any notices required to be given by an Insured shall be submitted in writing to the Company or its <br />authorized representative. If mailed, the date of mailing of such notice shall be deemed to be the date <br />such notice was given and proof of mailing shall be sufficient proof of notice. <br />P. Trade and Economic Embargoes <br />This policy does not provide coverage for Insureds, transactions or that part of damages or claims <br />expenses that is uninsurable under the laws or regulations of the United States concerning trade or <br />economic sanctions. <br />VI. EXTENDED REPORTING PERIODS <br />As used herein, "extended reporting period" means the period of time after the end of the policy period for <br />reporting claims that are made against the Insured during the applicable extended reporting period by <br />reason of an act or omission that occurred prior to the end of the policy period and is otherwise covered by <br />this Policy. <br />A. Automatic extended reporting period <br />If this Policy is canceled or non-renewed by either the Company or by the Named Insured, the Company <br />will provide to the Named Insured an automatic, non-cancelable extended reporting period starting at <br />the termination of the policy period if the Named Insured has not obtained another policy of lawyers <br />professional liability insurance within sixty (60) days of t he termination of this Policy. This automatic <br />extended reporting period will terminate after sixty (60) days. <br />B. Optional extended reporting period <br />1. If this Policy is canceled or non-renewed by either the Company or by the Named Insured, then the <br />Named Insured shall have the right to purchase an optional extended reporting period. Such right <br />must be exercised by the Named Insured within sixty (60) days of the termination of the policy <br />period by providing: <br />a. written notice to the Company; and <br />b. with the written notice, the amount of additional premium described below. <br />2. The additional premium for the optional extended reporting period shall be based upon the rates for <br />such coverage in effect on the date this Policy was issued or last renewed and shall be for one (1) <br />year at 100% of such premium; two (2) years at 150% of such premium; three (3) years at 175% <br />of such premium; six (6) years at 225% of such premium; or, for an unlimited period at 250% of <br />such premium. <br />3. The premium for the optional extended reporting period is due on its effective date. This optional <br />extended reporting period is non-cancelable and the entire premium shall be deemed fully earned at <br />its commencement without any obligation by the Company to return any portion thereof. <br />C. Death or disability extended reporting period <br />1. If an Insured dies or becomes totally and permanently disabled during the policy period, then upon <br />the latter of the expiration of: the policy period; any renewal or successive renewal of this Policy; or <br />any automatic or optional extended reporting period, such Insured shall be provided with a death or <br />disability extended reporting period as provided below. <br />a. In the event of death, such Insured's estate, heirs, executors or administrators must, within <br />sixty (60) days of the expiration of the policy period, provide the Company with written proof <br />of the date of death. <br /> <br />Docusign Envelope ID: D93C5068-8EF6-4BC9-8D5A-4D4FF1A6FBEF