Common use of Optional Extended Reporting Period Clause in Contracts

Optional Extended Reporting Period. In the event of cancellation or non-renewal of this policy, you have the right to purchase 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 if such an extended reporting extension is purchased. 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. For the extended reporting extension to apply, the policyholder must have paid the premium for the extended reporting extension in advance, and have written confirmation from us that it is in effect.

Optional Extended Reporting Period. In the event of cancellation or non-renewal of this policy, you have the right to purchase 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 period” but not before any applicable retroactive date if such an extended reporting extension is purchased. Such "claim” will be deemed a "claim" made on the last day of the “policy period 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 limits of insurance as set forth in SECTION Ill. Ill - LIMITS OF INSURANCE. For the extended reporting extension to apply, the policyholder must have paid the premium for the extended reporting extension in advance, and have written confirmation from us that it is in effect.

Optional Extended Reporting Period. In the event of cancellation or non-renewal nonrenewal of this policy, you have the right to purchase 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 Retroactive Date if such an extended reporting extension is purchasedpurchased . 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. For the extended reporting extension to apply, the policyholder must have the paid the premium for the extended reporting extension in advance, and have written confirmation from us that it is in effecteffect on the policy declarations.