BICEP 2-1988 - Laserfiche WebLink

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CLAIM -- means a demand against an Insured (as defined in Section IV hereof) to recover for losses or damages within or alleged to be within the scope of this AGREEMENT. COVERED INDIVIDUALS -- means persons who ;re past or,resent elected or ap- pointed officials, employees or volunteers of the CITY whether or not compen- sated, while acting for or on behalf of the CITY, including while acting on outside committees, commissions, agencies, districts, authorities, councils, commissions or boards at the direction of the CITY. COVERED ULTIMATE NET LOSS -- means an amount by which ULTIMATE NET LOSS not covered by other available Insurance or self-insurance exceeds the Re- tained Limit stated in Item (S), of the Declaration, such amount not in any event however to exceed the Limit of Liability stated in item (4) of the Declarations. DEFENSECOSTS -- means fees and expenses incurred by the Authority or an In- sured caused by and relating to the adjustment, investigation, defense or appeal of a claim including attorney's fees, court costs and interest on judgements accruing after entry of judgement all within the scope of coverage afforded by this agree- ment. DEFENSE COSTS shall not include the office expense of the Authority or any Insured nor expenses of a claims administrator engaged by any CITY or the Authority, except CITY DEFENSE COSTS which will be reimbursed on an agreed flat fee per day of service to CLAIM. INVERSE CONDEMNATION -- means a claim by any one other that an Insured that an Insured has taken or diminished the value of land through land use restrictions on such land or use of adjacent land or air space by an Insured, or otherwise. K. MEMORANDUM PERIOD -- means the period stated in Item (3) of the Declara- tions. NUCLEAR MATERIALS -- means source material, special nuclear material, or byproduct material. Source Ma~[erial, Special NUCLEAR MATERIAL and Byproduct Material have the meanings given to them by the Atomic Energy Act of 1954 or in any law amendatory thereto. ; ; M. OCCURRENCE -- means: 1. With respect to BODILY INJURY or PROPERTY DAMAGE: an accident or event, including injurious or repeated exposure to substantially the same con- ditions, which results, during the memorandum period, in BODILY INJURY or PROPERTY DAMAGE neither expected nor intended from the standpoint of the Insured. 2. With respect to PERSONAL INJURY and PUBLIC OFFICIALS ERRORS AND OMMISSIONS respectively: an offense described in the definitions of those terms in this section. N. PERSONAL INJURY -- means injury caused by or arising out of one or more of the following offenses: 1. False arrest, detention or imprisonment, or malicious prosactuion; 2. Wrongful entry or eviction or other invasion of the right of privale occupancy; BICEP 3/9/88 F-2