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  2. Finance Committee - Agenda - 5/6/2020 - P49

Finance Committee - Agenda - 5/6/2020 - P49

By dnadmin on Mon, 11/07/2022 - 13:31
Document Date
Fri, 05/01/2020 - 14:46
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/06/2020 - 00:00
Page Number
49
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__050620…

3. An “executive officer” or insurance manager, if
you are a corporation;

4, Your members, managers or _ insurance
manager, if you are a limited ilability company;
or

5. Your elected or appointed officials, officers,
members, trustees, board members, commis~-
sion members, agency members, ar your
administrator or your insurance manager if you
are an organization other than a partnership,
joint venture, or limited liability company.

Primary and Non-Contributery Provision

The following is added to Paragraph 4. Other Insur-
ance, b. Excess Insurance under SECTION IV-
COMMERCIAL GENERAL LIABILITY CONDITIONS:

This insurance is primary to and we will not seek
contribution from any other insurance available to
an additional insured under this policy provided
that:

(1) The additional insured is a Named Insured
under such other insurance; and

(2) You have agreed in a written contract, written
agreement or written permit that this insurance
would be primary and would not seek contri-
bution from any other insurance available to the
additional insured.

Unintentional Failure To Disclose Hazards

The following is added to Paragraph 6.
Representations under SECTION IV - COMMERCIAL
GENERAL LIABILITY CONDITIONS:

However, if you should unintentionally fail to
disclose any existing hazards in your representa-
tions to us at the inception date of the policy, ar
during the policy period in connection with any
additional hazards, we shall not deny coverage
under this Coverage Part based upon such failure ta
disclose hazards.

Waiver Of Transfer Of Rights Of Recovery

The following is added to Paragraph 8. Transfer of
Rights Of Recovery Against Others To Us under
SECTION IV - COMMERCIAL GENERAL LIABILITY
CONDITIONS:

We will waive any right of recovery we may have
against a person or organization because of pay-
ments we make for “bodily injury” or “property
damage” arising aut of your ongoing operations or
“your work" done under a written contract or written
agreement and included in the “products-completed
operations hazard”, if:

1. You have agreed to waive any right of recovery
against that person or organization in a written
contract or writlen agreement;

2, Such person or organization is an additional
insured on your policy; or

Copyright, 2018 Selective insurance Company of America. All rights reserved,
Includes copyrighted material of Insurance Services Office, Inc., with its permission.

3. You have assumed the liability of that person or
organization in that same contract, and it is an
“insured contract”,

The section above only applies to that person or
organization identified above, and only if the “bodily
injury” or “property damage” occurs subsequent to
the execution of the written contract or written
agreement.

Liberalization

The following condition is added to SECTION IV-
COMMERCIAL GENERAL LIABILITY CONDITIONS:

lf we revise this Coverage Part to provide more
coverage without additional premium charge, sub-
ject to our filed company rules, your policy will
automatically provide the additional coverage as of
the day the revision is effective in your state.

Two or More Coverage Parts or Policies Issued By
Us

(This provision is not Applicable in the state of New
York or Wisconsin).

The following condition is added io SECTION IV -
COMMERCIAL GENERAL LIABILITY CONDITIONS:

[t is our intention that the various coverage parts or
policies issued to you by us, or any company
affttiated with us, do not provide any duplication or
overlap of coverage. We have exercised diligence to
draft our coverage parts and policies to reflect this
intention. However, if the facts and circumstances
that will respond to any claim or “suit” give rise to
actual or claimed duplication or overlap of coverage
between the various coverage parts or policies
issued to you by us or any company affiliated with
us, the limit of insurance under all such coverage
parts ar policies combined shall not exceed the
highest applicabie limit under this coverage, or any
one of the other coverage forms or policies,

This condition does not apply to any Excess or
Umbrella policy issued by us specifically to apply as
excess insurance aver this coverage part or policy
to which this coverage part is attached.

SECTION V - DEFINITIONS
Discrimination
(This provision does not apply in New York).

A. The following is added to Definition 14. “Per-
sonal and advertising injury”:

“Personal and advertising injury” also means
“discrimination” that results in injury to the
feelings or reputation of a natural person, how-
ever only if such “discrimination” or humiliation
is:

4. Not done by or at the direction of:
a. The insured: or

CG 73 00 0119
Page 8 of 9

THCHDENnTS ony

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Finance Committee - Agenda - 5/6/2020 - P49

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