Changes in Exposure. (A) This Section shall supplement, and not replace, Common Terms and Conditions Section XIV. Changes in Exposure. (B) The provisions of Common Terms and Conditions Section XIV. Changes in Exposure (A), Acquisitions or Created Subsidiaries, and (B), Mergers, shall also apply to any employee benefit plan of any newly merged, created or acquired entity and to any trustee of such plan to the extent that such plan and trustee would otherwise qualify as Insureds under this Policy. No coverage shall be available for any Wrongful Act of such Insureds occurring before the merger, creation or acquisition of the entity or for any Interrelated Wrongful Acts thereto. (C) The provisions of Common Terms and Conditions Section XIV. Changes in Exposure (D) Loss of Subsidiary Status shall also apply to any Insured Plan of a former Subsidiary and any trustee of such plan. No coverage shall be available for any Wrongful Act of such Insureds occurring after an entity ceases to be a Subsidiary.
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Sources: Fiduciary Liability Coverage Part
Changes in Exposure. (A) This Section shall supplement, and not replace, Common Terms and Conditions Section XIV. Changes in Exposure.
(B) The provisions of Common Terms and Conditions Section XIV. Changes in Exposure (A), Acquisitions or Created Subsidiaries, ) Mergers and (B), Mergers, New Subsidiaries shall also apply to any employee benefit plan of any newly merged, created merged or acquired entity and to any trustee of such plan to the extent that such plan and trustee would otherwise qualify as Insureds under this Policy. No coverage shall be available for any Wrongful Act of such Insureds occurring before the merger, creation merger or acquisition of the entity or for any Interrelated Wrongful Acts thereto.
(C) The provisions of Common Terms and Conditions Section XIV. Changes in Exposure (DC) Loss of Subsidiary Status shall also apply to any Insured Plan of a former Subsidiary and any trustee of such plan. No coverage shall be available for any Wrongful Act of such Insureds occurring after an entity ceases to be a Subsidiary.
Appears in 1 contract
Sources: Fiduciary Liability Coverage