Possible Purchase of Additional Coverage. Any party that has been allocated proceeds during the Policy year may be requested to obtain and pay for additional coverage under the Policy for the protection of all the Parties against further losses during the Policy year. Such a request would be made by the Agent (see 5 hereunder) in its sole discretion. Relevant factors would include the amount of proceeds that was allocated to the Party, the amount of proceeds that was allocated to all Parties, the time remaining in the Policy year, and the amount of unallocated coverage remaining under the Policy.
Appears in 9 contracts
Samples: Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Series Fund Inc), Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Variable Insurance Series Fund), Professional Liability Insurance Policy Joint Insureds Agreement (Equitrust Series Fund Inc)
