Common use of Extended Reporting Periods Clause in Contracts

Extended Reporting Periods. 1. If the “named insured” cancels or does not renew this policy, or if we non-renew or cancel this policy for reasons other than for non-payment of premium, the “named insured” is entitled to an Automatic Extended Reporting Period beginning the day after the end of the “policy period”, at no additional premium, and ending after 60 days.

Extended Reporting Periods. 1. A. If this Policy is cancelled or nonrenewed by either the “named insured” cancels Company or does not renew this policy, or if we non-renew or cancel this policy for reasons other than for non-payment of premiumby the Named Insured, the “named insured” is entitled Company will provide to the Named Insured an Automatic automatic, noncancelable Extended Reporting Period beginning starting at the day after the end termination of the “Policy Period if the Named Insured has not obtained another policy period”, at no additional premium, of errors and ending omissions insurance within sixty (60) days of the termination of the Policy Period. This automatic extended reporting period will terminate after 60 sixty (60) days.