Third Party Wrongful Act definition
Examples of Third Party Wrongful Act in a sentence
If Third Party Liability Coverage is included in ITEM 5 of the Declarations, the Insurer shall pay Loss on behalf of the Insureds resulting from a Third Party Claim first made against the Insureds during the Policy Period or the Extended Reporting Period, if applicable, for a Third Party Wrongful Act by the Insureds.
The Insurer shall pay on behalf of any Insured the Loss arising from a Claim for a Third Party Wrongful Act first made during the Policy Period (or Discovery Period, if applicable) against such Insured, and reported to the Insurer in accordance with Section V.
The Underwriter shall pay on behalf of the Insureds all Loss for which the Insureds become legally obligated to pay on account of any Third Party Claim first made against the Insureds during the Policy Period or during the Extended Reporting Period, if exercised, for a Third Party Wrongful Act.
The Underwriter shall pay, on behalf of the Insureds, Loss from any Third Party Claim first made against the Insureds during the Policy Period or applicable Extended Reporting Period, for a Third Party Wrongful Act; provided, that such Third Party Claim is reported to the Underwriter in accordance with Section VII of this Coverage Section.
If ITEM 5 of the Declarations indicates that Third Party Claim Coverage is applicable, the Company will pay on behalf of the Insured, Loss for any Third Party Claim first made during the Policy Period, or if exercised, during the Extended Reporting Period or Run-Off Extended Reporting Period, for a Third Party Wrongful Act.