If an Agent/Rep retires or becomes disabled the following policy provisions will apply:

A.  If, during the Policy Period, an Agent or General Agent or Registered Representative ceases their status as such with the Policyholder, such Agent or General Agent or Registered Representative shall be entitled to an automatic extension of this Policy for one year beginning on his or her date of termination and terminating 12 months thereafter at no additional charge ("Automatic Extended Reporting Period"), but only with respect to a Claim made during such Automatic Extended Reporting Period arising out of a Wrongful Act which was: (i) committed after the applicable Prior Acts Date; (ii) committed before his or her termination date; and (iii) which is a Wrongful Act that is otherwise covered under the terms and conditions of this Policy.

B.   If an Agent or General Agent or Registered Representative is non-renewed for coverage due to not satisfying Eligibility Requirements then such Agent or General Agent or Registered Representative shall be entitled to an automatic extension of this Policy for ninety (90) days beginning on his or her date of termination and terminating ninety (90) days thereafter at no additional charge, but only with respect to a Claim made during such Automatic Extended Reporting Period arising out of a Wrongful Act which was: (i) committed after the applicable Prior Acts Date; (ii) committed before his or her termination date; and (iii) which is a Wrongful Act that is otherwise covered under the terms and conditions of this Policy.

C.  An Agent or General Agent or Registered Representative shall not be entitled to such Automatic Extended Reporting Period if he or she is currently enrolled in any broker, dealer, life agent, registered representative, registered investment adviser, financial planning or professional liability policy, other than this Policy, whether or not that policy actually affords coverage for the Claim in question.

D.  An Agent or General Agent or Registered Representative shall not be entitled to such Automatic Extended Reporting Period if the Policyholder terminated its relationship with such Agent, General Agent or Registered Representative for disciplinary reasons.

E.  The Automatic Extended Reporting Period does not create a separate or additional Limit of Liability or Policy Aggregate Limit of Liability.

I. Coverage is on 'Claims Made & Reported' basis, which covers claims first presented to an Insured Agent/Rep and reported to the Insurer during the policy period.

II. Coverage extends to an Insured Agent/Rep business entity but only with respect to those operations of the business entity related to the covered Professional Services provided by an Insured Agent/Rep.

III. Coverage extends to licensed & unlicensed administrative staff for their activities in support of an Insured Agent/Rep, as long as they work solely in that capacity and do not produce or sell insurance or receive any commissions.

IV. Coverage for Prior Acts is provided back to the date the Insured Agent/Rep maintained continuous Errors & Omissions insurance coverage. However, the policy excludes any claim arising out of any Wrongful Act occurring prior to the inception date of the policy if the Insured knew or could have foreseen that such an act might be the basis of a claim or suit. Evidence of continuous Errors & Omissions insurance is required at the time an actual claim or incident is reported.

V. Coverage extends to the sale and/or servicing of individual and group Life, Accident & Health, Disability, Long Term Care Insurance, Employee Benefits Plans and Individual and Group Retirement Plans. Options are available to include coverage for Variable Products and Mutual Funds.