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Last modified
10/29/2024 10:45:54 AM
Creation date
10/29/2024 10:36:37 AM
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Contracts
Company Name
NBS (NBS GOVERNMENT FINANCE GROUP)
Contract #
N-2024-352
Agency
Finance & Management Services
Expiration Date
9/30/2025
Insurance Exp Date
9/24/2025
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Policy Number: AH3A42745813 <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />BUSINESS AUTO COVERAGE <br />BROADENING ENDORSEMENT <br />This endorsement modifies insurance provided under the following: <br />BUSINESS AUTO COVERAGE FORM <br />With respect to coverage prodded by this endorsement, the provisions of the Coverage Form <br />apply unless modified by the endorsement. <br />1. CANCELLATION EXTENSION <br />Paragraph A. CANCELLATION 2. b. of the <br />COMMON POLICY CONDITIONS is <br />replaced with the following: <br />b. 60 days before the effective date <br />of cancellation if we cancel for <br />any other reason. <br />SECTION 1- COVERED AUTOS <br />2. EMPLOYEE HIRED "AUTOS" <br />Description Of Covered Auto <br />Designation Symbols; Symbol 8 is <br />replaced by the following: <br />8 = Hired "Autos" Only - Only those "autos" <br />you lease, hire, rent or borrow; including <br />"autos" your employee hires at your <br />direction, for the purpose of conducting your <br />business. This does not include any "auto" <br />you lease, hire, rent, or borrow from any of <br />your "employees" or partners or members of <br />their households. <br />SECTION II - LIABILITY COVERAGE <br />3. BROADENED NAMED INSURED <br />The following is added to the SECTION 11- <br />LIABILITY COVERAGE, Paragraph 1. Who <br />Is An Insured provision: <br />d. Any business entity for which you <br />have a financial interest greater <br />than 50% of the voting stock or <br />otherwise have a controlling <br />interest after the effective date of <br />this policy or that is newly <br />acquired or formed by you during <br />the term of this policy. <br />The coverage provided by this <br />provision is afforded until <br />expiration or termination of this <br />policy, whichever occurs earlier. <br />The coverage provided by this <br />provision does not apply to any <br />business entity described in d. <br />above that qualifies as an <br />insured under any other <br />automobile liability policy issued <br />to that business entity as a <br />named insured or would have <br />been an insured except for the <br />exhaustion of the policy limits or <br />the insolvency of the insurer. <br />The coverage provided by this <br />provision does not apply to <br />"bodily injury" nor "property <br />damage" arising from an <br />accident that occurred prior to <br />your acquiring or forming the <br />business entity described in d. <br />above. <br />Includes copyrighted material of Insurance Services Office, Inc. with its p <br />Copyright, Insurance Services Office, Inc., 1996 <br />461-0155 (9-97) <br />yyy���---m.,,, Rbk ManagaredDivieian <br />e REVIEWEo&APPROV®Br. <br />sc®a. <br />Risk Management Specialist <br />
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