Laserfiche WebLink
CNA Paramount Excess and Umbrella Liability <br />Policy <br />V. <br />W. <br />1. <br />2. <br />VII. <br />A. <br />B. <br />A. <br />B. <br />A. <br />Assignment of interest under this policy shall not bind the Insurer unless its consent is endorsed hereon. <br />Unintentional Omission <br />Based on Insurer’s reliance on the Named Insured’s representations as to existing hazards, if the Named <br />Insured should unintentionally fail to disclose all such hazards at the effective date of this Policy, the <br />Insurer will not deny coverage under this Policy because of such failure. <br />Waiver of Rights of Recovery <br />The Insurer waives any right of recovery it may have against any person or organization because of <br />payments the Insurer makes under this Policy if the Named Insured has agreed in writing to waive such <br />rights of recovery in a contract or agreement, and only if the contract or agreement: <br />is in effect or becomes effective during the policy period; and <br />was executed prior to loss. <br />DEFINITIONS <br />For purposes of this Policy, words in bold face type, whether expressed in the singular or the plural, have the <br />meaning set forth below. <br />Advertisement means a notice that is broadcast or published to the general public or specific market segments <br />about the Named Insured’s goods, products or services for the purpose of attracting customers or supporters. <br />For the purposes of this definition: <br />notices that are published include material placed on the Internet or on similar electronic means of <br />communication; and <br />regarding web-sites, only that part of a web-site that is about the Named Insured’s goods, products or <br />services for the purposes of attracting customers or supporters is considered an advertisement. <br />Aircraft means any machine or device that is capable of atmospheric flight. <br />Arbitration proceeding means a formal alternative dispute resolution proceeding or administrative hearing to <br />which an Insured is required to submit by statute or court rule or to which an Insured has submitted with the <br />Insurer’s consent. <br />Asbestos means the mineral in any form whether or not the asbestos was at any time airborne as a fiber, <br />particle or dust, contained in or formed a part of a product, structure or other real or personal property, carried <br />on clothing, inhaled or ingested, or transmitted by any other means. <br />Authorized Insured means any executive officer, member of the Named Insured’s risk management or in-house <br />general counsel’s office, or any employee authorized by the Named Insured to give or receive notice of a claim. <br />Auto means: <br />a land motor vehicle, trailer or semitrailer designed for travel on public roads, including any attached <br />machinery or equipment; or <br />any other land vehicle that is subject to a compulsory or financial responsibility law or other motor <br />vehicle insurance law where it is licensed or principally garaged. <br />However, auto does not include mobile equipment. <br />Bodily injury means bodily injury, sickness or disease sustained by a person, including death, humiliation, <br />shock, mental anguish or mental injury sustained by that person at any time which results as a consequence of <br />the bodily injury, sickness or disease. <br />Claim means a: <br />suit; or <br />Form No:Policy No: <br />Policy Effective Date: <br />Underwriting Company: <br />CUE 6076000039 <br />Policy Page: 22 of 32 <br />The Continental Insurance Company, 151 N Franklin St, Chicago, IL 60606 <br />CNA75504XX (03-2015) <br />01/21/2024 <br />Policy Page: 40 of 64 <br />© Copyright CNA All Rights Reserved. <br />DocuSign Envelope ID: 444F2A54-0EC8-4DFE-B6F4-684E5C05679A