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Lawyers Professional Liability <br />Policy <br />Form No: G118011A (06-2015)Policy No: 5096501940 <br />Policy; Page: 1 of 16 Policy Effective Date: 09/19/2024 <br />Underwriting Company:Continental Casualty Company, 151 N Franklin St, Chicago, IL 60606 Policy Page: 4 of 28 <br />© Copyright CNA All Rights Reserved. <br /> <br /> <br /> <br /> <br /> <br /> <br />THIS IS A CLAIMS MADE AND REPORTED POLICY. IT APPLIES ONLY TO THOSE CLAIMS THAT ARE BOTH <br />FIRST MADE AGAINST AN INSURED AND REPORTED IN WRITING TO THE COMPANY DURING THE POLICY <br />PERIOD. PLEASE REVIEW THIS POLICY CAREFULLY AND DISCUSS THIS COVERAGE WITH YOUR <br />INSURANCE AGENT OR BROKER. <br />I. INSURING AGREEMENT <br />A. Coverage <br />The Company agrees to pay on behalf of the Insured all sums in excess of the deductible that the <br />Insured shall become legally obligated to pay as damages and claim expenses because of a claim that is <br />both first made against the Insured and reported in writing to the Company during the policy period by <br />reason of an act or omission in the performance of legal services by the Insured or by any person for <br />whom the Insured is legally liable, provided that: <br />1. no Insured gave notice to a prior insurer of such claim or a related claim; <br />2. no Insured gave notice to a prior insurer of any such act or omission or related act or omission; <br />3. prior to the date an Insured first becomes an Insured under this Policy or became an Insured under <br />the first policy issued by the Company (or its subsidiary or affiliated insurers) to the Named Insured <br />or any predecessor firm, whichever is earlier, of which this Policy is a renewal or replacement, no <br />such Insured had a basis to believe that any such act or omission, or related act or omission, might <br />reasonably be expected to be the basis of such claim; <br />4. there is no other policy, whether primary, contributory, excess, contingent or otherwise, which <br />provides insurance to any Insured for the claim based on or arising out of an act or omission in the <br />performance of legal services by such Insured or by any person for whom such Insured is legally <br />liable while “affiliated” with a firm other than the Named Insured. As used herein, “affiliated” <br />includes acting as Of Counsel for a firm other than the Named Insured. <br />B. Defense <br />The Company shall have the right and duty to defend in the Insured's name and on the Insured's behalf <br />a claim covered by this Policy even if any of the allegations of the claim are groundless, false or <br />fraudulent. The Company shall have the right to appoint counsel and to make such investigation and <br />defense of a claim as is deemed necessary by the Company. If a claim shall be subject to arbitration or <br />mediation, the Company shall be entitled to exercise all of the Insured's rights in the choice of <br />arbitrators or mediators and in the conduct of an arbit ration or mediation proceeding. <br />C. Settlement <br />The Company shall not settle a claim without the written consent of the Named Insured. <br />D. Exhaustion of limits <br />The Company is not obligated to investigate, defend, pay or settle, or continue to investigate, defend, <br />pay or settle a claim after the applicable limit of the Company's liability has been exhausted by <br />payment of damages or claim expenses or by any combination thereof or after the Company has <br />deposited the remaining available limits of liability into a co urt of competent jurisdiction. In such case, <br />the Company shall have the right to withdraw from the further investigation, defense, payment or <br /> <br />LAWYERS PROFESSIONAL LIABILITY POLICY <br />Docusign Envelope ID: D93C5068-8EF6-4BC9-8D5A-4D4FF1A6FBEF