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(a) such cancellation or nonrenewal results from the death or disability of the Named Insured during the Policy Period; (b) in the event of disability, the Named Insured is totally and continuously disabled from the practice of law a minimum of six (6) months prior to the election of this option; (c) satisfactory written evidence of death or disability is provided to the Company within one (1)year of such death or disability; and (d) all premiums and deductibles due the Company have been paid in full. This right shall terminate, however, unless written notice of election is received by the Company or its authorized agent from the Named Insured or legal representative of Named Insured within sixty (60) days after the effective date of such cancellation or nonrenewal. 4. At the commencement of any Extended Reporting Period option, the entire premium therefore shall be deemed earned and the Company shall not be liable to return to the Named Insured any portion of the premium for the Extended Reporting Period. The cost of any Extended Reporting Period option is based on the rates and rules in effect at the time the policy was issued or last renewed. The fact that the period during which a Claim must be first made against the Named Insured under this policy is extended by virtue of any Extended Reporting Period option shall not in any way increase the limit of this policy. The limit of liability under any Extended Reporting Period option shall be part of, and not in addition to, the limit of liability available under the last policy or renewal certificate issued to the Named Insured. 5. An automatic sixty (60) day Extended Reporting Period Option, effective at the termination of the policy period, will be provided by the Company at no additional cost unless this insurance is replaced with the same or similar insurance issued by the Company, whether or not the limits or deductibles are identical to those provided under this policy. This extended reporting period option shall only apply to Claims made during the policy period and reported to the Company within sixty (60) days of the policy termination, The limits available under this extension shall be part of, and not in addition to, the limits available under the expiring policy period. Coverage provided by this automatic extended reporting period shall be Specific Excess over any replacement policy providing the same or similar coverage. This Extended Reporting Period option shall not be available if the policy is cancelled for non- payment of premium effective at policy inception. Any provision in the policy which conflicts with this extension is amended accordingly. P. Reimbursement: While the Company has no duty to do so, if the Company pays Damages or Claims Expenses: 1. Within the amount of the applicable deductible; or 2. In excess of the applicable limit of liability all Insureds shall be jointly and severally liable to the Company for such amounts. Unon written demand, the Insured shall repay such amounts to the Compan thereof. Failure to pay any amount indicated may lead to policy cancell 1RJ9kManmganadDWWWn ' a REmEwED&AaPRovm Br. ' A�AaeveaCo Risk Management Specialist 05 LPL0002 05 04 17