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g. Extended Period To Discover Loss We will pay for loss that you sustained prior to the effective date of cancellation of this insurance, which is "discovered" by you: (1) No later than one year from the date of that cancellation. However, this extended period to "discover" loss terminates immediately upon the effective date of any other insurance obtained by you, whether from us or another insurer, replacing in whole or in part the coverage afforded under this insurance, whether or not such other insurance provides coverage for loss sustained prior to its effective date. (2) No later than one year from the date of that cancellation with regard to any "employee benefit plan". h. Joint Insured (1) If more than one Insured is named in the Declarations, the first Named Insured will act for itself and for every other Insured for all purposes of this insurance. If the first Named Insured ceases to be covered, then the next Named Insured will become the first Named Insured. (2) If any Insured, or partner, "member", "manager", officer, director or trustee of that Insured has knowledge of any information relevant to this insurance, that knowledge is considered knowledge of every Insured. (3) An "employee" of any Insured is considered to be an "employee" of every Insured. (4) If this insurance or any of its coverages are cancelled as to any Insured, loss sustained by that Insured is covered only if it is "discovered" by you: (a) No later than one year from the. date of that cancellation. However, this extended period to "discover" loss terminates immediately upon the effective date of any other insurance obtained by that Insured, whether from us or another insurer, replacing in whole or in part the coverage afforded under this insurance; whether or not such other insurance provides coverage for loss sustained prior to its effective date. (b) No later than one year from the date of that cancellation with regard to any "employee benefit plan". (5) We will not pay more for loss sustained by more than one Insured. than the amount we would pay if all such loss had been sustained by one Insured. (6) Payment by us to the first Named Insured for loss sustained by any Insured, or payment by us to any "employee benefit plan" for loss sustained by that Plan, shall fully release us on account of such loss. I. Legal Action Against Us You may not bring any legal action against us involving loss: (1) Unless you have complied with all the terms of this insurance; (2) Until 90 days after you have filed proof of loss with us; and (3) Unless brought within two years from the date you "discovered" the loss. If any limitation in this condition is prohibited by law, such limitation is amended so as to equal the minimum period of limitation provided by such law. j. Liberalization If we adopt any revision that would broaden the coverage under this insurance without additional premium. within 45 days prior to or during the Policy Period shown in the Declarations, the broadened coverage will immediately apply to this insurance. k. Loss Sustained During Prior Insurance Issued By Us Or Any Affiliate (1) Loss Sustained Partly During This Insurance And Partly During Prior Insurance If you "discover" loss during the Policy Period shown in the Declarations, resulting directly from an "occurrence" taking place: (a) Partly during the Policy Period shown in the Declarations; and (b) Partly during the policy period(s) of any prior cancelled insurance that we or any affiliate issued to you or any predecessor in interest; and this insurance became effective at the time of cancellation of the prior insurance, we will first settle the amount of loss that you sustained during this Policy Period. We will then settle the remaining amount of loss that you sustained during the policy period(s) of the prior insurance. 155 CR 00 21 11 15 © Insurance Services Office, Inc., 2015 Page 7 of 15