Page 90 - Sectional Title Policy Wording

Cyber Insurance (Claims-made Basis)
Privacy Breach
a statutory, regulatory or common law breach of confidentiality, infringement, or violation of any right to privacy, which results in harm to employees of the Insured or third parties
the Retroactive Date as specified in the cyber Section Schedule. If not specified, the Retroactive Date shall be the date of first inception of this Section
any person who is a trustee, director or other person who exercises executive control over the financial affairs of the Scheme and/or Insured Organisation
all systems (including all hardware, software, physical components thereof and data stored thereon) visible to external networks and/or used to store/process Sensitive Information
1. any confidential or proprietary non-public information of the Insured or Third Party; or
2. any confidential non-public information relating to a natural person
the unauthorised taking, misuse, modification, deletion, corruption, destruction or disclosure of Data or information, whether in paper or electronic format
the actual gaining of access to a Computer System by an unauthorised person or persons or an authorised person in an unauthorised manner
the use of a Computer System by an unauthorised person or persons or an authorised person in an unauthorised manner
the United States of America and/or Canada and/or their respective possessions or protectorates and/or any country operating under the laws of the United States of America or Canada
Restoration Period
begins for First Party Expenses, immediately after the actual or potential impairment or denial of Your business activities occurs; and continue until the earlier of: the date Your business activities are restored, with due diligence and dispatch, to the condition that would have existed had there been no Network Security Breach; or 60 days after the date Your Computer System is fully restored, with due diligence and dispatch, to the condition that would have existed had there been no Network Security Breach
Retroactive Date
Scheme Executive
Sensitive Systems
Sensitive Information
Subsidiary
any entity in which the Insured Organisation directly or indirectly:
1. 2.
3.
holds or controls the majority of voting rights;
has the right to appoint, remove, or controls a majority of the board of directors, or board of trustees, or the functional equivalent; or
holds more than half of the issued share or equity capital
Theft of data
Third Party
Unauthorised Access
Unauthorised Use
USA and/or Canada
Wrongful Act
the following acts committed, attempted or alleged on or after the Retroactive Date:
1. for purposes of coverage under Defined Events 1 and 2 any error, misstatement, misleading statement, act, omission, neglect, or breach of duty committed, attempted or allegedly committed or attempted by an Insured, with respect to its duties as such, or others acting on behalf of the Insured for whom the Insured is legally responsible, resulting in an actual or potential Privacy Breach or Network Security Breach;
2. for purposes of coverage under Defined Events 3 and 4 a Network Security Breach;
3. for purposes of coverage under Defined Event 5, a Cyber Extortion Threat
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Sectional Title Insurance Policy Wording – Version 4 2023
any entity or natural person.
Third Party does not mean: any Insured; or any other entity or natural person having a financial interest or executive role in the operation of the Insured or any Subsidiary