Alumbaugh Contract 2021 - Laserfiche WebLink

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ATY-9001-WA-0119 Page 2 of 2 © 2019 Attorney Protective. All rights reserved. (1) We provide written notice of our willingness to renew this Policy, including a statement of the amount of the premium or portion thereof required to be paid, to the Named Insured either directly or through the Named Insured’s authorized representative, if any, at least twenty (20) days prior to the expiration of the Policy, and the Named Insured fails to discharge the payment when due; (2) The Named Insured has procured equivalent coverage prior to expiration of the Policy term; or, (3) The Policy is evidenced by a written binder containing a clearly stated expiration date which has expired by its terms. g. Whenever a notice of cancellation or renewal of this Policy is provided to the Named Insured, a copy of such notice shall be provided to the Named Insured’s authorized producer or agent, if any, within five (5) working days. Whenever possible, the copy to the Named Insured’s authorized producer or agent, if any, shall be provided electronically. Subpart 5 of the Insuring Agreement is deleted and replaced with the following: 5. As of the continuous insurance start date no Insured knew or should have known of any same or related wrongful act, fact, circumstance or adverse outcome that might reasonably result in the claim. The following definition is added to the Definitions: Continuous insurance start date means the first date that you became an Insured under a policy of insurance issued by us to the Named Insured that is continuously renewed by us without interruption, up to and including the current policy period of this Policy. The following definitions are deleted from the Definitions: Prior claim means any claim first reported to us during the policy period, but first made against an Insured during the effective dates of a prior policy issued by us to the Named Insured and continuously renewed up to the present policy period. Prior known incident means any same or related wrongful act, legal services, fact, circumstance or adverse outcome that results in a claim being first made against an Insured during this policy period, and which: a. Is known to an Insured; b. Is reasonably apparent to an Insured that a claim might be made; and, c. Became known to an Insured during a prior policy issued by us to the Named Insured and continuously renewed up to the present policy period. All other terms and conditions of the Policy remain unchanged.