South Carolina Code of Regulations › Chapter 19 - STATE BUDGET AND CONTROL BOARD › Article 4 - OFFICE OF GENERAL SERVICES › Section 19-415.3 - General Liability Policy

Current through Register Vol. 48, No. 6, June 28, 2024
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Declarations
Item 1 Insured:
Employees including elective or appointive executive officers
				or members of the board of trustees, directors or governors of public bodies of
				the State of South Carolina (or any subdivision thereof) to whom a certificate
				of insurance has been issued indicating that coverage is afforded by this
				policy.
Item 2. Policy Period:
From:
January 1, 1975
To:
January 1, 1980
12:01 A.M. Standard Time
Item 3. Limit of Liability:
The limit of the Fund's Liability for personal injury and/or
				property damage each occurrence or event: $300,000.
Endorsements attached to policy at inception: Nuclear Energy
				Liability Exclusion A-0009.
Errors and Omissions Endorsement
January 1st, 1976.
State of South Carolina Budget and Control Board Office of
				General Services
Countersigned by ___ Authorized Representative
GENERAL LIABILITY POLICY
State of South Carolina Budget and Control Board
Office of General Services
(Herein called the Fund)
In consideration of the payment of the premium, in reliance
				upon the statements in the declarations made a part hereof and subject to all
				of the terms of this policy, agrees with the Employer as follows:
I. Insuring Agreements
A. Coverage
The Fund will pay on behalf of the insured all sums which the
				insured shall become legally obligated to pay as damages because of personal
				injury or property damage to which this policy applies, caused by an occurrence
				or event, and the Fund shall have the right and duty to defend any suit against
				the insured seeking damages on account of such personal injury or property
				damage, even if any of the allegations of the suit are groundless, false or
				fraudulent, and may make such investigation and settlement of any claim or suit
				as it deems expedient, but the Fund shall not be obligated to pay any claim or
				judgment or to defend any suit after the applicable limit of the Fund's
				liability has been exhausted by payment of judgments or settlements.
B. Supplementary Payments
The Fund will pay, in addition to the applicable limit of
				liability:
(1) all costs taxed against
			 the insured in any suit defended by the Fund and all interest on the entire
			 amount of any judgment therein which accrues after entry of the judgment and
			 before the Fund has paid or tendered or deposited in court that part of the
			 judgment which does not exceed the limit of the Fund's liability
			 thereon;
(2) premiums on appeal
			 bonds required in any such suit, premiums on bonds to release attachments in
			 any such suit for an amount not in excess of the applicable limit of liability
			 of this policy;
(3) reasonable
			 expenses incurred by the insured at the Fund's request in assisting the Fund in
			 the investigation or defense of any claim or suit, including actual loss of
			 earnings not to excess $25 per day.
C. Limit of Liability
The Fund's liability with respect to each occurrence or event,
				shall not exceed the amount stated in Item 3 of the declarations. It is further
				agreed that the insurance afforded applies separately to each insured against
				whom claim is made or suit is brought but the inclusion in this policy of more
				than one insured shall not operate to increase the limit of the Fund's
				liability.
D. Policy
			 Period, Territory
This policy applies to occurrences or events happening anywhere
				during the policy period.