Discovery Period. The purchase of any Discovery Period shall not increase or reinstate the applicable Fidelity Limit of Indemnity, which shall be RSA’s maximum liability for the Period of Insurance and Discovery Period, combined.
Discovery Period. Within fourteen (14) days after exchange of the disclosure notices, the Parties shall make specific discovery requests to the arbitrator, and within an additional fourteen (14) days the arbitrator shall issue to both parties a joint discovery order. The discovery period preceding the arbitration hearing shall not exceed sixty (60) days from the issuance of the discovery order by the arbitrator.
Discovery Period. In the event that, on the expiry of the period of insurance, this policy is not renewed or replaced with any other management liability policy broadly equivalent to this policy in scope then the director shall have the right to purchase a discovery period so that for the purposes of insuring clause 3.1, any notifiable claim made in the discovery period shall be deemed to have been first made during the period of insurance, subject to the following conditions:
Discovery Period. Within [***] days after exchange of the disclosure notices, the parties shall make specific discovery requests to the arbitrator, and within an additional [***] days the arbitrator shall issue to both parties a joint discovery order. The discovery period preceding the arbitration hearing shall not exceed [***] days from the issuance of the discovery order by the arbitrator.
Discovery Period. A. In the event the Insurer refuses to renew this Policy or the Company cancels or non-‐renews this Policy, the Company and the Insured Persons shall have the right to elect an extension of the coverage provided by this Policy for the time period and subject to the additional premium set forth in Item 7 of the Declarations. Coverage for any Claim deemed first made during the Discovery Period shall apply only with respect to any Wrongful Act committed or alleged to have been committed before the end of the Policy Period.
Discovery Period. If the Insurer or the Named Corporation cancels or fails to renew this Policy, any Insured will have the right, upon payment of the Discovery Period Premium set forth in Item 6(a) of the Declarations, to an extension of the coverage granted by the Liability Insuring Agreements (if purchased) for the period set forth in Item 6(b) of the Declarations following the effective date of such cancellation or non-renewal (the “Discovery Period”). If purchased, the Discovery Period will operate as an extension of coverage only with respect to Claims first made during the Discovery Period for Wrongful Acts committed or allegedly committed before the effective date of such cancellation or non- renewal. A written request for the Discovery Period, together with payment of the Discovery Period Premium, must be made within 30 days after the effective date of cancellation or non-renewal. Such Discovery Period Premium will be deemed fully earned as of the inception of the Discovery Period. No Discovery Period will be available if this Policy is cancelled for non-payment of premium. The Discovery Period does not provide an additional Limit of Liability and will not increase or reinstate any Limit of Liability.
Discovery Period. If the Insurer or the Parent Corporation fails or refuses to renew this Policy, any Insured Person will have the right, upon payment of the applicable Discovery Period Premium set forth in ITEM 7 of the Declarations, to an extension of the coverage granted by this Policy for the respective period set forth in ITEM 7 of the Declarations following the effective date of such non-renewal (the “Discovery Period”). The Discovery Period will operate as an extension of coverage only with respect to:
Discovery Period. If in accordance with Insurers’ directives the policy is cancelled or not renewed, other than if the cancellation or non-renewal arose from non-payment of the premium, it is hereby agreed that the Insurer undertakes to pay on behalf of the Insured in respect of Claims submitted against him, for the first time, during the period of six months after the termination of the insurance with the Insurer and that in respect of Products sold or marketed until the above cancellation or non-renewal. A pre-condition to the liability of the Insurer to pay on behalf of as aforementioned is that no other insurance is arranged which could cover the liability of the Insured in respect of the same Claims. Authorised Signatory Forming part of Certificate No. 1600454
Discovery Period. The Directors or Officers shall have the right to an extension of the coverage granted by this Insurance with respect to any Claim which might be made against them during the effective period of this extension. Any Claim made during the effective period of this extension shall be considered made during the Period of Insurance.
Discovery Period. If: a. the Parent Company cancels this coverage section, b. either the Insurer or the Parent Company refuses or declines to renew this coverage section for any reason, or c. a Transaction described in subsection 11. occurs, and, within thirty (30) days after the end of the Policy Period the Parent Company elects to purchase the Discovery Period by paying the additional premium set forth in Item 6. (a) of the Declarations for this coverage section, then the coverage otherwise afforded by this coverage section will be extended for the period set forth in Item 6. (b) of the Declarations for this coverage section but only for Wrongful Acts occurring before the end of the Policy Period or the date of any Transaction under subsection 11., whichever is earlier. The Limit of Liability for the Discovery Period (if purchased) shall be part of, and not in addition to, the Limit of Liability for the Policy Period. As a condition precedent to the right to exercise the Discovery Period, the total premium for this coverage section must have been paid in full. If the Discovery Period is purchased, the entire premium for the Discovery Period shall be deemed fully earned at its commencement. Subject to all the terms and conditions of this subsection 14., the Insurer shall, upon request, provide the Parent Company with a quotation for a three (3) year Discovery Period.
