HERNANDEZ, FELICE S. 2-2014 - Laserfiche WebLink

Home Browse Search

Healthcare Professional Liability The Company will renew this policy unless written notice of the Company's intent not to renew, stating the specific reasons for nonrenewal, is mailed to the Named Insured not less than ninety (90) days before the policy expires. "Nonrenewal" shall include the failure of the Company to offer a renewal policy which provides types and limits of coverage substantially equivalent to those contained in the expiring policy. Any notice of cancellation or nonrenewal will be mailed by fust -class registered or certified mad to the Named Insured at the last mailing address known to the Company. Proof of mailing will be sufficient proof of notice. F. CHANGES The terms of this policy shall not be waived or changed, except by endorsement issued to form a part of this policy. G. DECLARATIONS By acceptance of this policy, the Insured agrees that the statements in the Declarations are the Insured's agreements and representations, that this policy is issued in reliance upon the truth of such representations and that this policy embodies all agreements existing between the Insured and the Company or any of its agents relating to this insurance. H. OTHER INSURANCE If there is other valid insurance (whether primary, excess, contingent or self-insurance) which may apply against a loss or claim covered by this policy, the insurance provided hereunder shall be deemed excess insurance over and above the applicable limit of all other insurance or self-insurance. When this insurance is excess, the Company shall have no duty under this policy to defend any claim or Suit that any other insurer or self -insurer has a duty to defend. If such other insurer or self -insurer refuses to defend such claim or Suit, the Company shall be entitled to the Insured's rights against all such other insurers or self -insurers for any Claims Expenses incurred by the Company. When both this insurance and other insurance or self-insurance apply to the loss on the same basis, whether primary, excess or contingent, the Company shall not be liable under this policy for a greater proportion of the loss or defense costs than the applicable Limit of Liability under this policy for such loss bears to the total applicable limit of liability of all valid and collectible insurance against such loss. Subject to the foregoing, if a loss occurs involving two or more policies, each of which provides that its insurance shall be excess, each will contribute pro -rata. I. REIMBURSEMENT While the Company has no duty to do so, if the Company pays Damages or Claims Expenses: a. within the amount of the applicable Deductible; b. in excess of the applicable Limit of Liability, all Insureds shall be jointly and severally liable to the Company for such amounts. Upon written demand, the Insured shall repay such amounts to the Company within thirty (30) days thereof. Failure to pay any amount indicated may lead to policy cancellation. J. SUBROGATION To the extent of any payment under this policy, the Company shall be subrogated to all the Insured's rights of recovery therefore against any person, organization or entity and the Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The Insured shall do nothing after any loss to prejudice such rights. K PREMIUM 14 HCPL-2037 (Ed. 11/09)