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MODERN TECHNOLOGY
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Last modified
6/2/2025 11:56:42 AM
Creation date
3/9/2021 10:52:42 AM
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Contracts
Company Name
MODERN TECHNOLOGY
Contract #
A-2020-194-06
Agency
Community Development
Council Approval Date
10/6/2020
Expiration Date
6/30/2023
Destruction Year
2030
Notes
TERM PER CDA 2025.02.21
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Philadelphia Indemnity Insurance Company <br />are amended as follows: <br />PI-GLD-VS (05117) <br />1 _ The limit for the cast of bail bonds is changed from $250 to $2,500, and <br />2_ The lim it for loss of earnings is changed fram $250 a day to $500 a day- <br />E. Medical Payments - Limit Increased to $15,000, Extended Reporting Period <br />If COVERAGE C MEDICAL PAYMENTS is not otherwise excluded from this Coverage Part: <br />1_ The Medical Expense Limit is changed subject to all of the terms of SECTION III -LIMITS OF <br />INSURANCE to the greater of_ <br />a_ $15,000, or <br />b_ The Medical Expense Limit shown in the Declarations of this Coverage Part <br />2. SECTION I — COVERAGE, COVERAGE C MEDICAL PAYMENTS, Subsection 1. Insuring <br />Agreement, the second part of Paragraph a. is amended to read: <br />provided that <br />(2) The expenses are incurred and reported to us within three years of the date of the accident, <br />F. Employee Indemnification Defense Coverage <br />Under the SUPPLEMENTARY PAYMENTS - COVERAGES A AND B provision, the following is <br />added: <br />3_ We will pay, on your behalf, defense costs incurred by an "employee" in a criminal proceeding. <br />The most we will pay for any "employee" who is alleged to be directly involved in a criminal <br />proceeding is $25,000 regardless of the numbers of "employees", claims or "suits" brought or <br />persons or organizations making claims or bringing "suits". <br />G. SECTION II - WHO IS AN INSURED is amended as follows: <br />1. If coverage for newly acquired or formed organizations is not otherwise excluded from this <br />Coverage Part, Paragraph 3.a. is changed to read: <br />a_ Coverage under this provision is afforded until the end of the policy period. <br />2. Each of the following is also an insured: <br />a. Medical Directors and Administrators - Your medical directors and administrators, but only <br />while acting within the scope of and during the course of their duties as such- <br />b. Managers and Supervisors - If you are an organization other than a partnership or joint <br />venture, your managers and supervisors are also insureds, but only with respect to their duties <br />as your managers and supervisors. <br />c. Broadened Named Insured - Any organization and subsidiary thereafwhich you control and <br />actively manage on the effective date of this Coverage Part. However, coverage does not <br />apply to any organization or subsidiary not named in the Declarations as Named Insured, if they <br />are also insured under another similar policy, but for its termination or the exhaustion of its limits <br />of insurance. <br />d. Funding Source - Any person or organization with respect to their liability arising out of. <br />(1) Their financial control of you; or <br />PLGLD-VS (05111) <br />Page 3 of 9 <br />Includes copyrighted material of Insurance Services Office, Inc_, with its pei <br />�oRaN <br />Risk MmWmentDMsian <br />REVIEWED & APPROVED BY.- <br />o r <br />Risk Management Analyst <br />
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