5-2 承保範圍及不保事項 - ACE Group

Other Insurance Clause DeletedIt is hereby noted and agreed that Condition--(E) Other Insurance is deleted under this policy.Genetically Modified Organism ExclusionThis Policy does not apply to any liability arising out of Property Damage or Bodily Injury in connectionwith or arising out of any Genetically Modified or Engineered Organism.For the purpose of this Exclusion, Genetically Modified or Engineered Organism is defined as a livingorganism in which the genetic material has been permanently altered through gene technology in a waythat does not occur naturally by multiplication and/or natural recombination.The Company shall be under no obligation to defend any such lawsuits brought against the Insured.PRODUCTS WARRANTY(mandatory/voluntary safety standards &safety devices)It is warranted, and a condition precedent to recovery hereunder, that:a. all products insured are complied with the mandatory and/or voluntary safety standards of importingcountries.b. [insert products] are equipped with thermofuse or likewise temperature safety devices and fitted withvent-release valves.Failure to comply with the conditions of this warranty shall render this policy null and void.PRODUCTS WARRANTY(mandatory/voluntary safety standards &safety devices)-1It is warranted, and a condition precedent to recovery hereunder, that:a. all products insured are complied with the mandatory and/or voluntary safety standards of importingcountries.b. [insert products] are equipped with thermofuse or likewise temperature safety devices and fitted withvent-release valves.The Company may rescind this policy upon the Insured’s failure to comply with the conditions of thiswarranty.SELF-INSURED RETENTION1. In consideration of the premium charged, it is agreed that the Limits of Liability for each occurrence ofthe coverage's provided by this policy will apply in excess of [insert amount] Self-Insured Retention(hereinafter referred to as the "Retention Amount").The Retention Amount shall:(a)(b)(c)apply only to "occurrences" covered under this policy;apply separately to each claim arising out of such "occurrence"; andinclude all amounts under the Supplementary Payments section of the policy.The Insured’s failure to pay the Retention Amount due to its bankruptcy, insolvency or inability shall notincrease the Company’s obligation under this policy.100