3. premium financing services provided by the NAMED INSURED to the NAMED INSURED'S clients for insurance products placed through the NAMED INSURED'S agency; 4. loss control, risk management, or anti-fraud services rendered in connection with insurance placed through the NAMED INSURED; 5. services as a registered representative rendered in connection with the sale and servicing of variable life and variable annuity products; or 6. acting as a countersigning agent for out-of-state insurance agencies on policies issued within the state of domicile of the INSURED. S. RETROACTIVE DATE. RETROACTIVE DATE means the date, as specified in the Declarations or in any endorsement attached hereto, on or after which any WRONGFUL ACT, as defined in the POLICY, must have occurred in order for CLAIMS arising therefrom to be covered under this POLICY. T. STRANGER-OWNED LIFE INSURANCE (STOLI). STRANGER-OWNED LIFE INSURANCE means an arrangement where a life insurance policy is issued to an insured or an individual who has an insurable interest with the insured, with the resources to purchase the policy provided or guaranteed by a person or entity who has no insurable interest to the insured person and who has the contractual right to repayment or other means of satisfaction of the debt such as obtaining control of the policy rights or benefits. U. SUIT. SUIT means a civil proceeding alleging DAMAGES against an INSURED because of a WRONGFUL ACT to which this insurance applies. SUIT includes: 1. an arbitration proceeding in which such DAMAGES are claimed and to which the INSURED must submit or does submit with our consent; 2. any other alternative dispute resolution proceeding in which such DAMAGES are claimed and to which the INSURED submits with our consent; or 3. an adjudicatory proceeding in a court of law. V. WRONGFUL ACT. WRONGFUL ACT means: 1. any negligent act, error, or omission of an INSURED in rendering PROFESSIONAL SERVICES or OTHER RELATED SERVICES for others; 2. any PERSONAL INJURY or ADVERTISING injury in rendering PROFESSIONAL SERVICES or OTHER RELATED SERVICES for others; or 3. any BREACH of PERSONAL DATA arising out of or in connection with the rendering of PROFESSIONAL SERVICES or OTHER RELATED SERVICES, but only if the INSURED has implemented current and commonly accepted technologies and methodologies designed to secure PERSONAL DATA and appropriate to the size and complexity of the agency and indecipherable to unauthorized individuals and which are in place at the time of the BREACH; provided, however, that any such technologies and methodologies must comply with privacy regulations found within the Health Insurance Portability and Accountability Act of 1996 or any other federal or state law or regulation, governing any industry in which the INSURED is rendering PROFESSIONAL SERVICES or OTHER RELATED SERVICES. W. CRISIS EVENT. CRISIS EVENT means any: 1. death or debilitating illness of the owner of a sole proprietorship; 2. national or regional news exposure in television, radio, print, or recognized professional insurance publications on internet media regarding PROFESSIONAL SERVICES of the NAMED INSURED, that is reasonably likely to have a negative impact on the NAMED INSURED with respect to its income, reputation, community relations, public confidence, or good will; SP 4 584 1215 Copyright ©2015 Westport Insurance Corporation. All rights reserved. Page 8 of 15 Insured Copy