Examples of Disciplinary proceeding in a sentence
Upon satisfactory proof of payment by the Organization, the Underwriter will reimburse the Organization for Disciplinary Proceeding Expenses incurred in responding to Disciplinary Proceedings commenced during the Policy Period, or the Extended Reporting Period, if exercised.
The maximum amount available for the Disciplinary Proceeding Expenses will be $25,000 for each Policy Period, regardless of the number of Disciplinary Proceedings, and any payment made hereunder will not be subject to a retention and will not reduce any applicable limit of liability.
In the event of a determination of No Liability of the Insured against whom the Disciplinary Proceeding has been brought, the Company shall reimburse such Insured for Disciplinary Fees, including those in excess of the $50,000 cap set forth above, up to $100,000.
DISCIPLINARY PROCEEDING EXPENSES COVERAGE, a Disciplinary Proceeding against an Insured Person for a Wrongful Act, commenced by the Insured’s receipt of a notification of such proceeding; or 10.
Upon submission to the Insurer of satisfactory written proof of payment, the Insurer shall reimburse the Named Insured up to fifty thousand dollars ($50,000) per Policy Period for all Disciplinary Proceeding Costs in response to a Disciplinary Proceeding first initiated during the Policy Period, provided: (i) the Wrongful Act giving rise to the Disciplinary Proceeding is committed during the Policy Period or on or after the Retroactive Date stated in Item 6.