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CMA Business Auto Policy <br /> Policy Endorsement <br /> b. Any covered auto of the private passenger type hired or rented by your employee without a driver <br /> for a period of 30 days or less, under a contract in that individual employee's name, with your <br /> permission, while performing duties related to the conduct of your business. <br /> c. Such coverage as is provided by this provision is limited to a diminution in value loss arising directly <br /> out of accidental damage and not as a result of the failure to make repairs; faulty or incomplete <br /> maintenance or repairs; or the installation of substandard parts. <br /> d. The most we will pay for loss to a covered auto in any one accident is the lesser of: <br /> (1) $5,000; or <br /> (2) 20% of the auto's actual cash value (ACV) <br /> III.Drive Other Car Coverage—Executive Officers <br /> The following is added to SECTIONS II and III: <br /> 1.Any auto you don't own, hire or borrow is a covered auto for Liability Coverage while being used by, and <br /> for Physical Damage Coverage while in the care, custody or control of, any of your executive officers, <br /> except: <br /> a. An auto owned by that executive officer or a member of that person's household; or <br /> b. An auto used by that executive officer while working in a business of selling, servicing, repairing or <br /> parking autos. <br /> Such Liability and/or Physical Damage Coverage as is afforded by this provision will be: <br /> (1) Equal to the greatest of those coverages afforded any covered auto; and <br /> (2) Excess over any other collectible insurance. <br /> 2. For purposes of this provision, executive officer means a person holding any of the officer positions <br /> created by your charter, constitution, by-laws or any other similar governing document, and, while a <br /> resident of the same household, includes that person's spouse. <br /> Such executive officers are insureds while using a covered auto described in this provision. <br /> IV.BUSINESS AUTO CONDITIONS <br /> A. Duties In The Event Of Accident,Claim,Suit Or Loss <br /> The following is added to SECTION IV,Paragraph A.2.a. <br /> (4)Your employees may know of an accident or loss.This will not mean that you have such knowledge, <br /> unless such accident or loss is known to you or if you are not an individual, to any of your executive <br /> officers or partners or your insurance manager. <br /> The following is added to SECTION IV,Paragraph A.2.b. <br /> (6)Your employees may know of documents received concerning a claim or suit.This will not mean that <br /> you have such knowledge, unless receipt of such documents is known to you or if you are not an <br /> individual, to any of your executive officers or partners or your insurance manager. <br /> B. Concealment,Misrepresentation or Fraud <br /> The following is added to SECTION IV,Paragraph B.2. <br /> Your failure to disclose all hazards existing on the date of inception of this Coverage Form shall not <br /> prejudice you with respect to the coverage afforded provided such failure or omission is not intentional. <br /> C. Policy Period,Coverage Territory <br /> SECTION IV,Paragraphs 7.(5).(a). is revised to provide: <br /> Form No:SCA 23 500 D(10-2011) Policy No:6078602548 <br /> Endorsement Effective Date: Endorsement Expiration Date: Policy Effective Date:6/20/2019 <br /> Endorsement No:23;Page:4 of 5 Policy Page:86 of 91 <br /> Underwriting Company:Valley Forge Insurance Company, 151 N Franklin St,Chicago,IL 60606 76 <br /> ®Copyright CNA All Rights Reserved.Includes copyrighted material of the <br /> Insurance Services Office,Inc.,used with its permission. <br />