# Liability Limits Agreement

## Limits of Liability:
- **USD 25,000,000** (Each Occurrence Claim or Loss)
- **USD 25,000,000** (Annual Aggregate where applicable)

## Companion Policy(s):
- **Punitive Damages wraparound policy(ies)**

## Company:
- **Magna Carta Insurance, Ltd.**

## Excess of:
- The Followed Policy detailed in Item 4(a) of the Declarations. In Respect of Companion Policy(ies) (Punitive Damages wraparound policy(ies)).

## Company:
- **Chubb Bermuda Insurance Ltd.**

## Policy Term:
- **May 21, 2020 to May 21, 2021** unless otherwise stated.

## Liability Structure:
- The Limits of Liability of this Policy will follow the aggregate structure of the limits of liability of the Followed Policy.
- The limits of liability of any underlying policies (except any Companion Policy(ies)) that are in excess of the Followed Policy but underlying to this Policy will also follow the aggregate structure of the limits of liability of the Followed Policy.
- The scheduling of any Companion Policy(ies) will not be construed as policies whose terms the Company follows or be construed to reinstate or create separate Limits of Liability under this Policy.
- The fact that this Policy does not follow any Companion Policy(ies) shall not be construed to mean that this Policy does not provide coverage for punitive damages.

## Definition:
- **"Companion Policy(ies)"** means any policy(ies) scheduled above and specified as Companion Policy(ies).

## Date:
- **05/21/2020**