# Policy Number: WE1300226

## ENDORSEMENT NUMBER SEVEN

## PUNITIVE DAMAGES ENDORSEMENT

Notwithstanding the Lead Umbrella Policy written by ACE Property & Casualty Insurance Company to which this Policy is Follow Form, the following Definition shall apply to this Policy:

"Damages" means all forms of compensatory damages, monetary damages and statutory damages, punitive or exemplary damages and costs of compliance with equitable relief, other than governmental (civil or criminal) fines or penalties, which the Insured shall be obligated to pay by reason of judgment or settlement for liability on account of bodily injury, property damage, personal injury and/or advertising injury covered by this Policy.

To the extent that any of the Underlying Insurances do not cover Punitive Damages, the Insured shall be self-insured as respects Punitive Damages, and the coverage provided by this Policy and this Endorsement shall not drop down on a difference-in-conditions basis.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Market Submission - Endorsement
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