Extended Reporting Period Sample Clauses

Extended Reporting Period. In the event of non-renewal or cancellation of this Policy, either by the Company for any reason other than for non payment of premium or by the Insured, the Company will allow a time limit not exceeding thirty (30) days from the date of expiry or cancellation of the Policy provided no insurance is in force during this extended reporting period for the same interest, for notification of claims for Occurrences which had taken place during the Period of Insurance but claims thereof could not be made during the Policy Period, provided, however, all claims made during the extended reporting period shall be handled as if they were made on the last day of the expiring Policy Period and are subject to the limits of indemnity and the terms, conditions and exceptions of the Policy. The extended reporting period does not a. extend the Policy Period or change the scope of coverage provided; b. reinstate or increase the Limit of Indemnity; c. apply to claims that are covered under any subsequent insurance the Insured purchase, or that would be covered but for exhaustion of the amount of insurance applicable to such claims; d. apply to any injury, Wrongful Act, claim, Suit or other circumstance reported, in whole or in part, to the Company or any other insurer before the beginning of the Extended Reporting Period.

Extended Reporting Period. 1. One or more extended reporting period(s) described below will be provided if the coverage agreement is canceled or non-renewed, or if we renew or replace this errors and omissions coverage with other than claims made coverage. 2. A basic extended reporting period is automatically provided without additional charge. This period begins at the termination of the coverage agreement and lasts for ninety (90) days. The basic extended reporting period does not apply to claims attributed to any subsequent coverage period. 3. Alternatively, you may purchase an additional nine (9) months of coverage for the first year following withdrawal from the pool. This optional coverage can then be purchased for up to two (2) supplemental extended reporting period(s) of twelve (12) months each. Coverage for supplemental extended reporting period(s) must be added by endorsement for which an additional premium charge must be paid. Such period starts ninety (90) days after the end of the coverage period. You must purchase this coverage prior to the end of the coverage period. 4. You, subject to the terms and conditions set forth herein, shall have the right to select the supplemental extended re- porting period(s) that shall apply, which in no event shall exceed thirty-six (36) months. An additional premium not in excess of 200% of the average errors and omissions coverage premium for the three years before cancellation or non- renewal of this coverage may be assessed for each such supplemental extended reporting period selected. 5. The extended reporting period is only for the purpose of reporting claims which arise from events occurring during the coverage period. It does not extend the period under which coverage is provided and it does not increase or restore any limits of liability.

Extended Reporting Period. A. An EXTENDED REPORTING PERIOD means the one (1) year period immediately following the end of the POLICY PERIOD. Any CLAIM which is first made and reported against the INSURED during the EXTENDED REPORTING PERIOD because of a WRONGFUL EMPLOYMENT ACT which occurred after the Retroactive Date and prior to the end of the POLICY PERIOD shall be deemed to have been made on the last day of the POLICY PERIOD. B. The coverage otherwise afforded under this Policy will be extended to apply to the EXTENDED REPORTING PERIOD, subject to all of the terms, conditions, limitations and endorsements of this Policy, for CLAIMS first made and reported against any INSURED during the EXTENDED REPORTING PERIOD for WRONGFUL EMPLOYMENT ACTS occurring subsequent to the Retroactive Date and before the expiration of the POLICY PERIOD. C. The additional premium for the EXTENDED REPORTING PERIOD will be the amount set forth in Item 7 of the Declarations. The COMPANY must notify the INSURER in writing of the decision to purchase an EXTENDED REPORTING PERIOD, and must pay the additional premium, within thirty (30) days after the end of the POLICY PERIOD. Payment of the full additional premium by the due date is a condition precedent to the right to purchase an EXTENDED REPORTING PERIOD. D. The maximum aggregate Limit of Liability set forth in Item 3 of the Declarations shall be the maximum aggregate Limit of Liability for the POLICY PERIOD and, if applicable, the EXTENDED REPORTING PERIOD. The maximum aggregate Limit of Liability of the Policy is not increased, reinstated or renewed as a result of the applicability of any EXTENDED REPORTING PERIOD. E. The EXTENDED REPORTING PERIOD will apply only if this Policy is canceled by either the COMPANY or the INSURER pursuant to Section VIII, or not renewed by the INSURER for any reason other than the nonpayment of a premium or Retention, or noncompliance with the terms and conditions of this Policy by the COMPANY. An increase in premium or other changes in the terms and conditions of this coverage shall not constitute a non-renewal for the purpose of this provision. The EXTENDED REPORTING PERIOD may not be canceled. F. In the event of the purchase of the EXTENDED REPORTING PERIOD, the entire premium shall be deemed earned at its commencement. If the EXTENDED REPORTING PERIOD is terminated before its full term for any reason, the INSURER shall not be liable to return any portion of the premium paid for the EXTENDED REPORTING PERIOD.

Extended Reporting Period. If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

Extended Reporting Period. If any liability insurance policy procured pursuant to Section 3.9 is on a "claims made" rather than "occurrence" basis, then such policy shall include an option to purchase a "tail" or an extended reporting period, which option shall be exercisable upon termination or cancellation of said policy or upon any material modification of said policy that has the effect of causing the coverage of said policy to fail, in any respect, to meet the requirements of Section 3.9, regardless of whether such termination, cancellation or modification shall occur during the term hereof or thereafter. The tail or extended reporting period shall provide coverage meeting all of the requirements set forth in Section 3.9, for a period of at least seven (7) years after termination, cancellation or modification of the underlying policy. Such policy shall provide that the carrier shall give CMHC or Manager thirty (30) calendar days advance written notice of the date upon which the option may be exercised regardless of whether such date shall occur during the term hereof or thereafter and shall specifically provide that Manager shall be permitted to exercise the option upon the failure of CMHC to do so. Upon such notice, CMHC shall take all steps, including the payment of money, necessary to exercise such option, and if CMHC shall fail to effectively exercise such option, then Manager may do so, and CMHC shall fully and immediately reimburse Manager, within ten (10) calendar days notice thereof by Manager, for all monies expended by Manager in connection therewith.

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in the Declarations, has the right to purchase, within thirty (30) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty (30) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Master Contract. 1. No Federal Government Obligations to Third Parties. (a) Purchaser and Contractor acknowledge and agree that, notwithstanding any concurrence by the Federal Government in or approval of the solicitation or award of the underlying Contract, absent the express written consent by the Federal Government, the Federal Government is not a party to this Contract and shall not be subject to any obligations or liabilities to the Purchaser, Contractor, or any other party (whether or not a party to that contract) pertaining to any matter resulting from the underlying Contract. (b) Contractor agrees to include the above clause in each subcontract financed in whole or in part with Federal assistance provided by FTA. It is further agreed that the clause shall not be modified, except to identify the subcontractor who will be subject to its provisions.

Extended Reporting Period. If this Policy is non-renewed by the Underwriters, the Insured shall have the right to: (a) an automatic Extended Reporting Period of sixty (60) days, commencing on the Expiration Date set forth in Item 2B of the Schedule; and (b) purchase an Extended Reporting Period of twelve (12) months, commencing upon the expiration of the automatic Extended Reporting Period. The Insured’s right to purchase an Extended Reporting Period as described in part (b) above shall lapse unless written notice of election to purchase such Extended Reporting Period and the applicable additional premium is received by the Underwriters within sixty (60) days after the Expiration Date set forth in Item 2B of the Schedule. The Insured shall not have any right to purchase an Extended Reporting Period as described in part (b) above in the event of a Change in Control as described in Section 6.14. The additional premium for an Extended Reporting Period as described in part (b) above shall be seventy-five percent (75%) of the last annual premium paid to the Underwriters for this Policy. Such premium shall be fully earned at the inception of such Extended Reporting Period. During any Extended Reporting Period, the Insured may provide the Underwriters with notice of any Claim covered under Coverage Section 1 and first made against an Insured during the Extended Reporting Period. Any Extended Reporting Period provided under this Policy: (a) shall not increase or reinstate any Limit of Liability; and (b) is non-cancellable. This Automatic Extension shall apply solely to Coverage Section 1.

Extended Reporting Period. In the event of cancellation or nonrenewal of this policy, you have a 180-day reporting extension. The ability to report “claims” under this policy will be extended to cover a “claim" arising from a “release" that occurred before the end of the policy period but not before any applicable retroactive date. Such "claim” will be deemed a "claim" made on the last day of the policy period or at the time the first "claim” from the “release” was made, whichever came first so long as we receive written notice within 180 days after the end of the policy period. In no event shall the inclusion of these “claims” increase the LIMITS OF INSURANCE as set forth in SECTION Ill.