Laserfiche WebLink
Great American E&S Insurance Company <br />AES 1010 (Ed. 07114) <br />IX. Parts G. I. and G.2. of Section V. of this Policy are deleted and replaced with the following: <br />1. Expense Reimbursement Coverage: The Company will reimburse any individual Insured <br />up to $250.00 for actual loss of earnings to the Insured for each day or part of a day such <br />individual is in attendance, at the Company's request, at a trial, hearing, mediation or <br />arbitration proceeding involving a Claim against the Insured. <br />2. Subpoena Coverage: If during the Policy Period the Insured receives a subpoena for <br />documents or testimony relating to the Insured's Professional Services and the subpoena <br />is not related to a Claim, the Company will, at the Insured's request and upon receipt of a <br />copy of the subpoena, retain legal counsel to advise the Insured regarding the document <br />production or to represent the Insured during testimony. The Company will pay the <br />expenses incurred in providing advice regarding the production of documents, review of the <br />documents prior to production, the Insured's preparation for testifying, and representation <br />during testimony. The maximum amount payable, regardless of the number of subpoenas <br />reported or the number of Insureds subject to all subpoenas, shall be $10,000 per Policy <br />Period. Any notification that the Insured gives to the Company of such subpoena shall be <br />deemed to be notification of a Claim under this Policy. <br />X. Paragraph B. of Section VII, of this Policy is deleted and replaced with the following: <br />B. Optional Extended Reporting Periods: If the Company or the Named Insured shall <br />cancel or refuse to renew this Policy for reasons other than non-payment of premium, then <br />the Named Insured, upon payment of an additional premium as set forth herein, shall have <br />the option to extend the insurance afforded by this Policy, subject otherwise to its terms, <br />Limits of Liability, Exclusions, and Conditions, to apply to Claims first made against the <br />Insured during the 12, 24, 36, 48, or 60 months, as purchased, immediately following the <br />effective date of such non -renewal or cancellation, for any Wrongful Act committed before <br />such effective date and after the Retroactive Date, which is otherwise covered by this <br />insurance. The extension shall be endorsed hereto, if purchased, and shall be referred to <br />as the "OPTIONAL EXTENDED REPORTING PERIOD." The premium for the OPTIONAL <br />EXTENDED REPORTING PERIOD, if elected, shall be 12 months — 75%, 24 months — <br />125%, 36 months — 160%, 48 months —185%, or 60 months — 200% of the full annual <br />premium for this Policy, plus any additional premium owed to the Company for this Policy. <br />The first ninety (90) days of the OPTIONAL EXTENDED REPORTING PERIOD, if <br />purchased, shall run concurrently with the AUTOMATIC EXTENDED REPORTING <br />PERIOD. When the OPTIONAL EXTENDED REPORTING PERIOD is purchased, the <br />policy Discovery Clause is likewise extended concurrently. <br />XI. Conditions G. and I. of Section Vill. of this Policy is deleted and replaced with the following: <br />G. Application: By acceptance of this Policy, the Insured agrees that the statements in the <br />Application (which is made a part of this Policy) are personal representations, that they <br />shall be deemed material and that this Policy is issued in reliance upon such <br />representations and that this Policy embodies all agreements existing between the <br />Insured and the Company, or any of its agents, relating to this insurance. <br />In the event that any of the statements, representations or information in the Application <br />are not true and accurate, this Policy shall be void with respect to any Insured who knew <br />as of the effective date of the Application the facts that were not truthfully and accurately <br />disclosed (whether or not the Insured knew of such untruthful disclosure in the <br />AES 1010 (Ed. 07/14) (Page 6 of 9) <br />