Common use of Extended Reporting Period Clause in Contracts

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 sixty (60) 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 sixty (60) 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 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 on the Declarations, has the right to purchase, within sixty (60) 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 sixty (60) 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 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 on the Declarations, has the right to purchase, within sixty thirty (6030) 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 omissions 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 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 sixty thirty (6030) 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. 1. Optional If the policy Policy is not renewed for any reason, or is cancelled canceled for any reason other than for nonpayment non-payment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in is entitled to an automatic sixty-day (60) extended reporting period, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the Declarationstermination date of the Policy and otherwise covered by this Policy. Alternatively, the Insured has the right to purchase, within sixty (60) days of policy termination, purchase an extension of the coverage granted by this policy. This reporting period extension shall remain in force Policy for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy Policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective termination date of the cancellation or nonrenewal, Policy and otherwise covered by this policyPolicy. Increased premiums premiums, and/or retention, or deductibles changes in, or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewalnon-renewal. The premium for this Extended Reporting Period will not exceed one hundred percent (be priced between 100%) for twelve months, one hundred fifty percent (% and 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 sixty thirty (6030) days after the effective date of the policyPolicy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is will be added by endorsement andendorsement, 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 a part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

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 sixty thirty (6030) 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 omissions 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 sixty thirty (6030) 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.