# EXTENDED REPORTING PERIOD

1. We will provide an Extended Reporting Period if the policy is either cancelled or not renewed by the first Named Insured or by us for any reason except non-payment of premium. Non-renewal by us shall mean the refusal by us to renew the policy on any terms. Non-renewal by us shall not mean change in premium, deductible, or underlying required limits, or any other terms and conditions.

2. A "claim" first made during the Extended Reporting Period will be deemed to have been made on the last day of the policy period, provided that the "claim" is for damages because of "Personal Injury" or "Property Damage" or "Advertising Injury" that occurred before the end of the policy period but not before the Retroactive Date.

3. The Extended Reporting Period will not reinstate the aggregate limit nor otherwise increase the Limits of Liability or extend the policy period.

4. The Extended Reporting Period will be as set forth below:

a. If no other insurance purchased by the first Named Insured to replace this policy applies to the "claim", or would apply but for the exhaustion of its applicable limits of liability, an Extended Reporting Period of 60 days from the end of the policy period will apply. This Extended Reporting Period may not be cancelled and requires no additional premium.

b. If the first Named Insured makes a written request for and pays the additional premium for an Extended Reporting Period within 30 days after the expiration of the policy period, we will issue an Extended Reporting Period Endorsement for a period of twelve (12) months from the end of the policy period.

The Extended Reporting Period Endorsement will not take effect unless the additional premium is paid when due. If that premium is paid when due, the endorsement may not be cancelled.

The Extended Reporting Period Endorsement will also amend the Other Insurance condition so that the insurance provided will be excess over any other valid and collectible insurance available to an "insured" whether primary, excess, contingent or on any other basis, whose policy period begins or continues after the endorsement takes effect.

LEX-CM-STA-2 - 24 - (Ed. 4/86)