Laserfiche WebLink
Policy No. 720HO68190525 <br /> (D) If the Insurer cancels this Policy, unearned premium shall be calculated on a pro rata basis. If the Named Entity <br /> cancels this Policy, unearned premium shall be calculated at the Insurer's customary short rates. Payment of any <br /> unearned premium shall not be a condition precedent to the effectiveness of a cancellation. The Insurer shall make <br /> payment of any unearned premium which it received from the Named Entity as soon as practicable. <br /> XV. CHANGES IN EXPOSURE <br /> Solely with respect to all Liability Coverage Parts: <br /> (A) Acquisitions or Created Subsidiaries <br /> If, before orduring the Policy Period,any Insured Entity acquires or creates an entity then such acquired or created <br /> entity, and any natural persons that would qualify as Insured Persons thereof, shall be an Insured to the extent <br /> such entities and persons would otherwise qualify as an Insured under the Liability Coverage Parts, but only for <br /> Wrongful Acts occurring after the Effective Time of such acquisition or creation. No coverage shall be available <br /> for any Wrongful Act of such Insured occurring before the Effective Time of such acquisition or creation, or for <br /> any Interrelated Wrongful Acts thereto. <br /> The Insured Entity shall give the Insurer written notice and full,written details of the acquisition or creation as soon <br /> as practicable: <br /> (1) prior to the expiration or termination date of this Policy; or <br /> (2) within ninety (90) days of such acquisition or creation; <br /> whichever date is later. <br /> The Insurer shall be entitled to impose such additional terms, conditions, and premium as the Insurer, in its absolute <br /> discretion, chooses. <br /> (B) Mergers <br /> If, before or during the Policy Period, any Insured Entity merges with another entity such that the Insured Entity <br /> is the surviving entity, then such merged entity and any natural persons that would qualify as Insured Persons <br /> thereof, shall be an Insured to the extent such entities and persons would otherwise qualify as an Insured under <br /> the Liability Coverage Parts, but only for Wrongful Acts occurring after such merger. This coverage shall remain <br /> in force for 90 days beginning with the date of the merger. No coverage shall be available for any Wrongful Act of <br /> such Insured occurring before the Effective Time of such merger or for any Interrelated Wrongful Acts thereto. <br /> The Insured Entity shall give the Insurer written notice and full,written details of the merger as soon as practicable: <br /> (1) prior to the expiration or termination date of this Policy; or <br /> (2) within ninety (90) days of such merger; <br /> whichever date is later. <br /> If the Insured Entity is not the surviving entity then coverage shall terminate on the effective date of the merger. <br /> The Insurershall be entitled to impose such additional terms, conditions, and premium as the Insurer, in its absolute <br /> discretion, chooses. <br /> XVI. SUBROGATION <br /> The Insurer shall be subrogated to all of the Insured's rights of recovery regarding any payment of Loss by the Insurer <br /> under this Policy. The Insured shall execute all papers required and do everything necessary to secure and preserve <br /> AE 00 H003 01 0621 ©2021, The Hartford Page 7 of 9 <br /> 72 OH 0681905-24 10/03/2024 <br />