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7. Polic/ Tern to,y This Policy applies to a wrongful act takir.g place anywi":ere in the world, provid.ed t~t the claim Is made and suit is brougl",t against the Insured within the United States of A;r,erica, Its territories or possessions, Puerto Rico or canada. 8. MaterialO,ange a. Tne N.1med Insured shall immedia:ely, but In no event later than tiirty (30) days, report to us in writing any material change that occurs during the policy period. In each case cf a material Change, we shall have tne right to decline coverage, or to accept or alter coverage ard charge an additional premium for the material change. This Polley shall provide no cc'lerage with respect to any claim made against any Insured where a material change has occurred, or based upon or arising from any wrongful act committed or allegedly corr:,mitted on or subsequent to the tlme and date of any acqulsjtion, merger or dissolution if we have not been riotified of such materlal diange. b. A material ctiange indudes, but is not limited to, the following: (1) A twent-1·five percent (2.5%) increase or decrease in the totai number of attorneys covered in this Policy as represented in the Application; (2) Any mergers, aa:;uisitions, spin-offs, dissolutions or splits involving the Named Insured; however, the Named Insured mi.st pro·.ide written notlce to us prior to tne completion of this actvfty; (3) Fir.ancial lmpaim,er.t of the Named Insured, Ir.duding but not limited to tr,e appcintment of a receiver, conservator, liquldator, or trustee for the Named Insured, or If tr.e Named Insured has become a debtor in possession under bankruptcy laws; (4) When any law~r jcinir~ the Named Insured during tlie policy period Is aware of any daim or potential daim that had been alleged against t!'lat lawyer prior to Joining the Named Insured; or, {5) When any lawyer joining tr'.e Named Insured during t:tie policy period is subject to any disciplinary proceeding by any court or bar associatiO(I or has been repnmar.ded, censured or disbarred or prohibited from practicing taw in a specific area before any court er administrative agency. 9. Other Insurance Toe insurance proYidec for In t'iis Polic/ shall be excess over all ether valid and collectible Insurance, whetner such Insurance Is stated to be primary, contributory, excess, umbrella, contingent or otherwise. In no event sr.all we be responsible under this Policy for a greater proportion of such damages arid d.1im expenses than the Limit of Liability under t:tlis Policy bears to the total hmits of liability under all applicable Insurance issued by all companies unless such other insurance is specifically purchased to apply in excess of the Limits of Uabillty of this Policy. 10. Waiver Our failure to lnsis.t on strict compliance wltn any of the terms, provisions or conditions of this Polley, or the failure to exercise any provision, right or privil~ uncer lnis Policy, shall not operate as, nor be construed as, a waiver er change to any provision of this Policy. None of tt:e provisions of this Policy will be waived, cha~ed or modified unless made by wr1tten endorsement to this Policy and signed by our author1zed representabve. 11. Cancellation and Nonrenewal a. This Policy may be canceled by the Named Insured by providing written notice to us. Toe cancellation shall be effective on the date specified by the Named Insured or the date the notice Is received by us, whichever Is tater. b. If we cancel this Polley, the earned premium shall be computed pro rat.a. If the Named Insured cancels this Policy, the Polic1 premium will be the amount calOJlated In accordance with the standard short rate tables arid procedures. Premium adjustments shall be made within a reasonable period of time after cana!llatlon. c. If we cance l or r.on-renew ttiis Polley for any reason o er than non -payment of ~m m, w. shall PfO\lide Written r:ooce tD the Named Insured not 16s tr.an thirty (30) days pnor to the effea!ve dare or the A TY -0001-00-0116 Page 12 of 16 © 2016 l\ttomey ProtectiVe. A.II nghu reseNed