Deemed Known definition

Deemed Known means known by, or that should have been known from the standpoint of a reasonable person in the circumstances of: • Insured; or • any of Insured directors, members, officers or partners (whether or not an Employee). Officer will be deemed to include an officer’s designee. Such injury, Wrongful Act, claim, Suit or circumstance, as applicable, will be Deemed Known at the earliest time when any such person described above:
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Deemed Known means known by, or that should have been known from the standpoint of a reasonable person in the circumstances of: i. reports all, or any part, of the injury, Wrongful Act, claim, Suit or circumstance to the Company or any other insurer; ii. receives a claim for damages in connection with the injury, iii. becomes aware: a. that the injury has occurred or has begun to occur; or b. that the Wrongful Act has been committed or has begun; or c. of any actual, alleged or threatened injury, Wrongful Act, claim or Suit in connection with the circumstance.
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Examples of Deemed Known in a sentence

  • Injury arising out of any Wrongful Act; or continuation or resumption of any Wrongful Act or Deemed Known, before the beginning of the Policy Period, to have been committed.

Related to Deemed Known

  • Known or “Knowingly” means, depending on its use herein, the insurance producer or insurer had actual awareness, or in the exercise of ordinary care should have known, at the time of the act or practice complained of, that the person solicited:

  • Deemed status means acceptance of certification or licensure of a program or service by another certifying body in place of certification based on review and evaluation.

  • Knowledge means actual knowledge after reasonable investigation.

  • Well-Known Seasoned Issuer means a well-known seasoned issuer, as defined in Rule 405.

  • Reasonable inquiry means an inquiry designed to uncover any information in the entity's possession about the identity of the producer or provider of covered telecommunications equipment or services used by the entity that excludes the need to include an internal or third-party audit.