# CHUBB Enhanced Commercial Umbrella Liability Policy

## Change in Control

1. If during the "policy period":
   a. The first "Named Insured" shown in the Declarations consolidates with, merges into, or sells all or substantially all of its assets to any person or entity; or
   b. Any person or entity acquires an amount of the outstanding ownership interests representing more than fifty percent (50%) of the voting or designation power for the election of directors of the first "Named Insured" shown in the Declarations, or acquires the voting or designation rights of such an amount of ownership interests;
   
   this policy will continue in full force and effect as to "bodily injury", "property damage" and "personal and advertising injury" that occurs prior to the effective date of such transaction.

2. Coverage will be afforded by this policy for "bodily injury", "property damage" and "personal and advertising injury" that occurs on or after the effective date of such transaction if the first "Named Insured" shown in the Declarations notifies us of the transaction no later than ninety (90) days after the effective date of the transaction.

3. If the first "Named Insured" shown in the Declarations fails to notify us within ninety (90) days of the effective date of such transaction, coverage afforded by this policy will cease on the ninetieth (90th) day after the effective date of such transaction at 12:01 AM standard time of the address of the first "Named Insured" shown in the Declarations or the end of the "policy period", whichever is earlier.

4. The provisions of this Change in Control condition shall only apply to transactions with third parties not under control or ownership of the first "Named Insured" shown in the Declarations on the inception date of this policy.

## Changes

This policy may be changed only by a written endorsement to this policy issued by us.

## Duties in the Event of "Occurrence", Claim or "Suit"

1. You must see to it that we are notified as soon as practicable of an "occurrence" that is reasonably likely to result in a claim for damages that may be covered under this policy. To the extent possible, notice should include:
   a. How, when and where the "occurrence" took place;
   b. The names and addresses of any injured persons and witnesses; and
   c. The nature and location of any injury or damage arising out of the "occurrence".

2. If a claim is made or "suit" is brought against any "insured" that involves, or is reasonably likely to result in a claim for damages that may be covered under this policy, you must, as soon as practicable:
   a. Record the specifics of the claim or "suit" and the date received; and
   b. Notify us in writing.

3. You and any other involved "insured" must:
   a. Immediately send us copies of any demands, notices, summonses or legal papers received in connection with the claim or "suit";
   b. Authorize us to obtain records and other information;

XSE- 50762(05/18)
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