February 22, 2013 - Oregon State Bar

Action Memo To: OSB Board of Governors
October 30, 2012
Page 4
the Declarations, every demand, notice, summons, or other process received by the COVERED PARTY
or the COVERED PARN'S representatives.
2. If the COVERED PARTY becomes aware of ^"'^ ^^~, ^~, facts or
circumstances that reasonabiv could be expected to be the basis of a CLAIM for which coverage +s
may be provided under this Plan -'~~~'^^'"^''^"moo^~~ DCD1^^, the COVERED PARTY must give written
notice to the PLF as soon as practicable during the COVERAGE PERIOD of:
a. The specific act, error, or omission;
b. DAMAGES and any other injury that has resulted or may result; and
c. The circumstances by which the COVERED PARK first became aware of such act, error,
or omission.
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3. If the PLF opens a suspense or claim file involvine a CLAIM or potential CLAIM which
otherwise would require notice from the COVERED PARTY under subsection 1. or 2. above. the
COVERED PARTY'S obli¢ations under those subsections will be considered satisfied for that CLAIM or
potential CLAIM.
COMMENTS
This is a Claims Made Plan. Section IV.l.b. determines when a CLAIM is first made for the
purpose of triaaerina coverage under this Plan. Section VII states the COVERED PARTV's obligation to
provide the PLF with prompt notice of CLAIMS, SUITS, and potential CLAIMS.