Pxxxx Bankshares and each. Pxxxx Subsidiary currently maintain insurance considered by each of them to be reasonable for their respective operations. Neither Pxxxx Bankshares nor any Pxxxx Subsidiary has received notice from any insurance carrier on or before the date hereof that (i) such insurance will be canceled or that coverage thereunder will be reduced or eliminated, or (ii) premium costs with respect to such policies of insurance will be substantially increased. Except as listed on Pxxxx Disclosure Schedule 5.9.3, there are presently no claims pending under such policies of insurance and no notices of claim have been given by Pxxxx Bankshares or any Pxxxx Subsidiary under such policies. All such insurance is valid and enforceable and in full force and effect (other than insurance that expires in accordance with its terms), and within the last three (3) years Pxxxx Bankshares and each Pxxxx Subsidiary has received each type of insurance coverage for which it has applied and during such periods has not been denied indemnification for any claims submitted under any of its insurance policies. Pxxxx Disclosure Schedule 5.9.3 identifies all policies of insurance maintained by Pxxxx Bankshares and each Pxxxx Subsidiary, including the name of the insurer, the policy number, the type of policy and any applicable deductibles, as well as the other matters required to be disclosed under this Section 5.9.3. Pxxxx Bankshares has made available to Town Square Financial copies of all of the policies listed on Pxxxx Disclosure Schedule 5.9.3.
