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PROFESSIONAL LIABILII <br /> H I SCOX I ERRORS AND OMISSIONS <br /> however, the right to purchase an Optional Extended Reporting Period shall <br /> not apply if: <br /> a. this Policy is canceled by Us for nonpayment of premium (as described by <br /> Endorsement hereto); or <br /> b. the total premium for this Policy has not been fully paid. <br /> 2. The Optional Extended Reporting Period will apply only to Claims that: <br /> a. are first made against You and reported to Us during such Optional <br /> Extended Reporting Period; and <br /> b. are for Wrongful Acts committed on or after the Retroactive Date but prior <br /> to the effective date of cancellation or non-renewal (as described by <br /> Endorsement hereto). <br /> 3. The additional premium for such Optional Extended Reporting Period shall <br /> not exceed 200% of the annualized expiring premium for an Optional <br /> Extended Reporting Period of 3 years. <br /> The additional premium for such Optional Extended Reporting Period shall <br /> be fully earned at the inception of such Optional Extended Reporting Period. <br /> 4. Notice of election and full payment of the additional premium for the Optional <br /> Extended Reporting Period must be received within 30 days after the effective <br /> date of cancellation or non-renewal (as described by Endorsement hereto). In <br /> the event the additional premium is not received within the 30 days, any right to <br /> purchase the Optional Extended Reporting Period shall lapse and no further <br /> Optional Extended Reporting Period shall be offered. <br /> The Limits of Liability applicable during any purchased Optional Extended <br /> Reporting Period shall be the remaining available Limits of Liability under this <br /> canceled or non-renewed Policy (as described by Endorsement hereto). There shall <br /> be no separate or additional Limit of Liability available for any purchased Optional <br /> Extended Reporting Period and the purchase of any Optional Extended <br /> Reporting Period shall in no way increase the Limit of Liability set forth in Item 3. of <br /> the Declarations. <br /> EXCLUSIONS <br /> This Policy does not apply to and We shall have no obligation to pay any Damages, <br /> Claim Expenses or Supplemental Payments for any Claim: <br /> A. based upon or arising out of any actual or alleged fraud, dishonesty, criminal <br /> conduct, or any knowingly wrongful, malicious, or intentional acts or omissions; <br /> provided, however, that: <br /> 1. We will pay Claim Expenses until there is a final adjudication establishing such <br /> conduct, at which time You shall reimburse Us for such Claim Expenses; and <br /> 2. this exclusion shall not apply to otherwise covered intentional acts or omissions <br /> resulting in a Personal Injury. <br /> DPL P001 CW(05/13) 5 ©Hiscox Inc.All rights reserved. <br />