RH2 12/21/2017 - Laserfiche WebLink

4. The following paragraph is added: D. The following changes apply only to Informa- M. Nonrenewal tion Security Protection Endorsement BP 15 We may elect not to renew this Poli 07 if it is attached to this Policy: cy by mailing or delivering written 1. Paragraph (2) of Insuring Agreement d. notice of nonrenewal, stating the rea- Security Breach Liability is replaced by sons for nonrenewal, to the first the following: Named Insured and the first Named (2) We will pay for "defense ex- Insured's agent or broker, at their penses" as a result of a "claim" last mailing addresses known to us. in the form of a "regulatory pro- We will also mail to any ceeding" first made against the mortgageholder, pledgee or other insured during the "policy peri- person shown in this Policy to have od" or during the applicable Ex- an interest in any loss which may oc- tended Reporting Period, in re- cur under this Policy, at their last sponse to a "wrongful act" or a mailing address known to us, written series of "interrelated wrongful notice of nonrenewal. We will mail or acts" covered under Paragraph deliver these notices at least 45 days d.(1). before the: 2. Paragraph d. of the definition of "loss" in a. Expiration of the Policy; or Paragraph V. is replaced by the follow- b. Anniversary date of this ing: Policy if this Policy has been d. With respect to Insuring Agreements written for a term of more d. Security Breach Liability and g. than one year. Web Site Publishing Liability: If notice is mailed, proof of mail- Compensatory damages, settlement ing will be sufficient proof of no- amounts and costs awarded pursu- tice. ant to judgments or settlements. Otherwise, we will renew this "Loss" does not include: Policy unless: (1) Civil or criminal fines or penal- a. The first Named Insured ties imposed by law; fails to pay the renewal pre- (2) Punitive or exemplary damages; mium after we have ex (3) The multiplied portion of multi- pressed our willingness to plied damages; renew, including a state- ment of the renewal premi- (4) Taxes; urn, to the first Named In- (5) Royalties; sured and the first Named (6) The amount of any disgorged Insured's insurance agent or profits; or broker, at least 20 days be (7) Matters that are uninsurable pur- fore the expiration date; suant to law. b. Other coverage acceptable to the insured has been pro- cured prior to the expiration date of the Policy; or c. The Policy clearly states that it is not renewable and is for a specific line, subclassifi- cation, or type of coverage that is not offered on a re- newable basis. BP 01 06 03 15 © Insurance Services Office, Inc., 2014 Page 8 of 8