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REGAL COURT REPORTING, INC.
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Last modified
7/29/2024 2:57:09 PM
Creation date
7/29/2024 2:56:36 PM
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Contracts
Company Name
REGAL COURT REPORTING, INC.
Contract #
A-2024-094-02
Agency
Human Resources
Council Approval Date
7/16/2024
Expiration Date
7/15/2027
Insurance Exp Date
4/1/2025
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o. any actual or alleged rendering or failure to render investment or insurance counseling or advice; the purchase or <br />selling of, or failure to purchase or sell an investment or insurance of any kind; or any Insured's advice, <br />promise(s) or guarantee(s) regarding the future value of any investments or interest rate or rate of return; or any <br />Insured's advice, promise(s) or guarantee(s) regarding the coverage provided or not provided by insurance of <br />any kind. <br />6. LIMITS OF LIABILITY AND DEDUCTIBLE <br />Regardless of the number of Insureds under this Policy, Claims brought on account of Wrongful Act(s) or <br />otherwise, the Insurer's liability is limited as follows: <br />a. for Claims arising under Insuring Agreement 1. a. of this Policy, the Limit of Liability specified in Item 3. b. of the <br />Policy Declarations as the Aggregate shall be the Insurer's maximum liability for Damages for all Claims during <br />the Policy Year. <br />b. for Claims arising under Insuring Agreement 1. a. of this Policy, the Limit of Liability specified in Item 3. a. of the <br />Policy Declarations as the Limit for each Claim shall be the Insurer's maximum liability for Damages for each <br />Claim during the Policy Year, and subject to the Aggregate Limit of Liability specified in Item 3. b. of the Policy <br />Declarations. <br />c. for Claims arising under Insuring Agreement 1. b. of this Policy, the Insurer's maximum liability for Damages and <br />Claim Expenses shall not exceed $25,000, subject to the Aggregate Limit of Liability specified in Item 3. b. of the <br />Policy Declarations. <br />d. for Claims arising under Insuring Agreement 1. a. of this Policy, Claim Expenses shall be paid in addition to the <br />Limits of Liability as shown in the Policy Declarations. <br />e. the Deductible amount stated in Item 4. of the Policy Declarations shall apply to Damages and Claim Expenses <br />and shall apply separately to each and every Claim. The Named Insured shall pay the Deductible stated in Item <br />4. of the Policy Declarations for Damages and Claim Expenses. Subject to the Limits of Liability, the Insurer <br />shall only be liable to pay for Damages and Claim Expenses in excess of such Deductible, and such Deductible <br />shall not be insured under this Policy. <br />f. the Limit of Liability for the Automatic Extended Reporting Period and the Extended Reporting Period, if applica- <br />ble, shall be part of and not in addition to the Limits of Liability specified in Item 3. of the Policy Declarations. <br />g. Claims based upon or arising out of the same Wrongful Act, interrelated Wrongful Acts, or a series of similar or <br />related Wrongful Acts shall be considered a single Claim subject to one Claim Limit and shall be considered first <br />made during the Policy Period, the Automatic Extended Reporting Period or Extended Reporting Period, if appli- <br />cable, in which the earliest Claim arising out of such Wrongful Act(s) was first made and all Damages from such <br />Claims shall be subject to the one Limit of Liability that applies to such earliest Claim, regardless of whether the <br />earliest such Claim predates the Policy Period. <br />h. the Limits of Liability of this Policy apply separately to each consecutive annual period and to any remaining peri- <br />od of less than twelve (12) months, starting with the beginning of the Policy Period shown in Item 2. of the Policy <br />Declarations, unless the Policy Period is extended after issuance for an additional period of less than twelve (12) <br />months. In that case, the additional period will be deemed part of the last preceding twelve (12) month period for <br />purposes of determining the Limits of Liability. <br />7. NOTICE <br />a. Each Insured as a condition precedent to the coverage hereunder: <br />(i) shall provide written notice of a Claim as soon as possible, of particulars sufficient to identify the Insured and <br />all reasonably obtainable information with respect to the time, place and particulars thereof, and the names <br />and addresses of available witnesses; <br />(ii) if a Claim is made, the Insured, shall immediately forward to the Insurer every demand, notice, summons, <br />order or other process received by the Insured or the Insured's representative. This requirement continues <br />throughout the life of the Claim. <br />RTP 101 (02/17) Page 6 of 10 <br />Insured <br />
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