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Underwritten by Scottsdale Insurance Company <br /> A Stock Insurance Company, herein called the Insurer <br /> BUSINESS AND MANAGEMENT INDEMNITY POLICY <br /> GENERAL TERMS AND CONDITIONS <br /> In consideration of the payment of premium, in reliance on the Application and subject to the Declarations, and terms <br /> and conditions of this Policy,the Insurer and the Insureds agree as follows. <br /> A. SEVERABILITY OF GENERAL TERMS AND CONDITIONS <br /> These General Terms and Conditions apply to each and every Coverage Section of this Policy, except and to the <br /> extent a specific Coverage Section states otherwise. The terms and conditions of each Coverage Section apply <br /> only to that Coverage Section and shall not be construed to apply to any other Coverage Section. If any <br /> provision in these General Terms and Conditions is inconsistent or in conflict with the terms and conditions of <br /> any Coverage Part, the terms and conditions of such Coverage Part shall control for purposes of that Coverage <br /> Part. <br /> B. DEFINITIONS <br /> Whenever used in this Policy,the terms that appear below in boldface type shall have the meanings set forth in <br /> this Definitions subsection of the General Terms and Conditions. However, if a term also appears in boldface <br /> type in a particular Coverage Section and is defined in that Coverage Section,that definition shall apply for <br /> purposes of that particular Coverage Section. Terms that appear in boldface in the General Terms and <br /> Conditions but are not defined in this Definitions subsection and are defined in other Coverage Sections of the <br /> Policy shall have the meanings ascribed to them in those Coverage Sections. <br /> 1. Additional Named Insured means any entity specifically identified by endorsement to this Policy. <br /> 2. Application means the application, including any attachments thereto, and all other information and <br /> materials submitted by or on behalf of the Insureds to the Insurer in connection with the Insurer <br /> underwriting this Policy.All such application, attachments, information, materials and documents are <br /> deemed attached to and incorporated into this Policy <br /> 3. Company means: <br /> a. the Parent Company; <br /> b. any Subsidiary; <br /> c. any Additional Named Insured; or <br /> d. any such organization as a debtor-in-possession or the bankruptcy estate of such entity under <br /> United States bankruptcy law or an equivalent status under the law of any other jurisdiction. <br /> 4. Discovery Period means one of the periods described in Item 5. of the Declarations which is elected and <br /> purchased pursuant to Section H. below. <br /> E KS-1 A(06/13) 12/23/2024-Page 1 of 5 <br /> V?1 Nationwide <br /> _ , <br />