Common use of REPORTING OF CLAIMS AND CIRCUMSTANCES Clause in Contracts

REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an Insured arising out of such Wrongful Act shall, subject to paragraph (C) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) All Related Claims, whenever made, shall be deemed a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.

Appears in 2 contracts

Samples: Fiduciary Liability Coverage, Healthcare Liability Insurance Policy

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REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an the Insured arising out of such Wrongful Act shall, subject to paragraph (C) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) All Related Claims, whenever made, shall be deemed a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.

Appears in 2 contracts

Samples: Employment Practices Liability Insurance Policy, Healthcare Organization Management Liability Policy

REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an Insured arising out of such Wrongful Act shall, subject to paragraph (CD) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2B)(1) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) As a condition precedent to any right to reimbursement under Insuring Agreement (E) of this Coverage Section, the Insureds must give the Underwriter written notice of any Crisis Management Event no later than thirty (30) days after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Crisis Management Event. Within sixty (60) days of making any payment of Crisis Management Event Expenses, the Insureds must provide the Underwriter with a detailed breakdown of all Crisis Management Event Expenses for which the Organization seeks reimbursement under Insuring Agreement (E) of this Coverage Section, together with satisfactory proof of payment and any additional information as the Underwriter may reasonably request. (D) All Related Claims, whenever made, shall be deemed a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.

Appears in 1 contract

Samples: Healthcare Organization Management Liability Policy

REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an Insured arising out of such Wrongful Act shall, subject to paragraph (CD) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) All Related Claims, whenever made, shall be deemed As a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.condition precedent to any right to reimbursement under Insuring Agreement

Appears in 1 contract

Samples: Directors, Officers & Organization Liability Coverage

REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an the Insured arising out of such Wrongful Act shall, subject to paragraph (CD) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2B)(1) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) As a condition precedent to any right to reimbursement under Insuring Agreement (C) of this Coverage Section, the Insureds must give the Underwriter written notice of any General Counsel Injury Event no later than thirty (30) days after the Named Organization’s chief executive officer or chief financial officer (or an equivalent position thereof) first becomes aware of such General Counsel Injury Event. Within sixty (60) days of making any payment of General Counsel Replacement Expenses, the Insureds must provide the Underwriter with a detailed breakdown of all General Counsel Replacement Expenses for which the Named Organization seeks reimbursement under Insuring Agreement (C) of this Coverage Section, together with satisfactory proof of payment and any additional information as the Underwriter may reasonably request. (D) All Related Claims, whenever made, shall be deemed a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.

Appears in 1 contract

Samples: Healthcare Organization Management Liability Policy

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REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an Insured arising out of such Wrongful Act shall, subject to paragraph (CD) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) All Related ClaimsAs a condition precedent to any right to reimbursement under Insuring Agreement (D) of this Coverage Section, whenever made, shall be deemed a single Claim made when the earliest Insureds must give the Underwriter written notice of any Privacy Breach Event no later than thirty (30) days after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Related Claims was first madePrivacy Breach Event. Within sixty (60) days of making any payment of Privacy Breach Event Expenses, or when the earliest Insureds must provide the Underwriter with a detailed breakdown of such Related Claims is treated all Privacy Breach Event Expenses for which the Organization seeks reimbursement under Insuring Agreement (D) of this Coverage Section, together with satisfactory proof of payment and any additional information as having been made in accordance with paragraph (B) above, whichever is earlierthe Underwriter may reasonably request.

Appears in 1 contract

Samples: Healthcare Organization Management Liability Policy

REPORTING OF CLAIMS AND CIRCUMSTANCES. (A) If, during the Policy Period or any applicable Extended Reporting Period, any Claim is first made against an Insured, the Insureds must, as a condition precedent to any right to coverage under this Coverage Section, give the Underwriter written notice of such Claim as soon as practicable after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Claim, and in no event later than: (1) with respect to any Claim first made during the Policy Period, ninety (90) days after the end of the Policy Period; or (2) with respect to any Claim first made during any applicable Extended Reporting Period, ninety (90) days after the end of the Extended Reporting Period. Timely and sufficient notice by one Insured of a Claim shall be deemed timely and sufficient notice for all Insureds involved in the Claim. Such notice shall give full particulars of the Claim, including, but not limited to: a description of the Claim and Wrongful Act; the identity of all potential claimants and any Insureds involved; a description of the injury or damages that resulted from such Wrongful Act; information on the time, place and nature of the Wrongful Act; and the manner in which the Insureds first became aware of such Wrongful Act. (B) If, during the Policy Period, an Insured first becomes aware of a specific Wrongful Act which may subsequently give rise to a Claim, and: (1) gives the Underwriter written notice of such Wrongful Act with full particulars as soon as practicable thereafter but in any event before the end of the Policy Period; and (2) requests coverage under this Coverage Section for any Claim subsequently arising from such Wrongful Act; then any Claim subsequently made against an Insured arising out of such Wrongful Act shall, subject to paragraph (CD) below, be treated as if it had been first made during the Policy Period. The full particulars required in any notice given under paragraph (B)(2B)(1) above must include, without limitation, a description of the Wrongful Act, the identities of the potential claimants and involved Insureds, the injury or damages which have resulted and/or may result from such Wrongful Act, the manner in which the Insureds first became aware of such Wrongful Act, and the reasons why the Insureds believe the Wrongful Act is likely to result in a Claim being made. (C) As a condition precedent to any right to reimbursement under Insuring Agreement (C) of this Coverage Section, the Insureds must give the Underwriter written notice of any Pension Crisis Management Event no later than thirty (30) days after the Organization’s risk manager or general counsel (or an equivalent position thereof) first becomes aware of such Pension Crisis Management Event. Within sixty (60) days of making any payment of Pension Crisis Management Event Expenses, the Insureds must provide the Underwriter with a detailed breakdown of all Pension Crisis Management Event Expenses for which the Organization seeks reimbursement under Insuring Agreement (C) of this Coverage Section, together with satisfactory proof of payment and any additional information as the Underwriter may reasonably request. (D) All Related Claims, whenever made, shall be deemed a single Claim made when the earliest of such Related Claims was first made, or when the earliest of such Related Claims is treated as having been made in accordance with paragraph (B) above, whichever is earlier.

Appears in 1 contract

Samples: Healthcare Liability Insurance Policy

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