Examples of Regulatory Proceeding in a sentence
Regulatory Defense & Penalties To pay Penalties and Claims Expenses, which the Insured is legally obligated to pay because of a Regulatory Proceeding first made against any Insured during the Policy Period for a Data Breach or a Security Breach.
Regulatory Proceeding means a request for information, civil investigative demand, or civil proceeding brought by or on behalf of any federal, state, local or foreign governmental entity in such entity’s regulatory or official capacity.
No action shall lie against the Underwriters unless, as a condition precedent thereto, there has been full compliance with all terms of this insurance, nor until the amount of the Insured's obligation to pay shall have been finally determined either by judgment or award against the Insured after actual trial, Regulatory Proceeding or arbitration or by written agreement of the Insured, the claimant and the Underwriters.
Payment of Crisis Event Expenses and Disciplinary or Regulatory Proceeding Expenses are not subject to a Deductible and do not reduce the applicable Professional Liability Coverage Limits.
The terms referenced herein include Industrial Control Systems.Consumer Redress Fund means a sum of money which an Insured is legally obligated to deposit in a fund as equitable relief for the payment of consumer claims due to an adverse judgment or settlement of a Regulatory Proceeding.