Common use of Voluntary Compliance/Correction Program Costs Clause in Contracts

Voluntary Compliance/Correction Program Costs. The Insurer shall pay on behalf of the Insured all Voluntary Compliance/Correction Program Costs first identified by or assessed against such Insured, subject to the sublimit of liability shown on the Declarations, first incurred during the Policy Period or during the policy period of which this Policy and/or Coverage Part is a continuous renewal and, if coverage is sought by the Insured, reported to the Insurer as required by this Coverage Part.

Appears in 2 contracts

Sources: Fiduciary Liability Coverage Part, Fiduciary Liability Coverage Part

Voluntary Compliance/Correction Program Costs. The Insurer shall pay on behalf of the Insured all Voluntary Compliance/Correction Program Costs first identified by or assessed against such Insured, subject to the sublimit of liability shown on set forth in Item 4. B. of the Declarations, first incurred during the Policy Period or during the policy period of which this Policy and/or Coverage Part is a continuous renewal and, if coverage is sought by the Insured, reported to the Insurer as required by this Coverage PartPolicy.

Appears in 1 contract

Sources: Fiduciary Liability Insurance Policy