12.07.2015 Views

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

2. The Company shall have the right but not the duty to participate with the Insured at the Company’sown expense in the defense or settlement of any claim or suit seeking damages covered under thispolicy In the event of a claim or suit which on the Company’s reasonable judgment may result inpayments, including Supplementary Payments, in an amount in excess of the Retention Amount, theCompany may assume control of the defense or settlement of such claim of suit. The Insured shallcontinue being responsible for the payment of the Retention Amount.3. In the event there is any other insurance, whether or not collectible, applicable to an "occurrence", claimor suit within the Retention Amount, the Insured shall continue being responsible for the full RetentionAmount before the Limits of Liability under this policy apply.Co-Insurance ClauseThe insurance companies named herein, each for itself, severally but not jointly, do obligate themselvesunder the terms of this policy to the extent of the percentage set opposite their names.Companies[Inserted Insurance Company]Percentage assumed[Inserted Percentage][Inserted Insurance Company] as leading company shall attend to all matters connected with this policyincluding but note limited to settlement of claims and any agreement or decision which may be madebetween the Insured and [Inserted Insurance Company] shall be final and binding upon the otherco-insurer.Any notice which may be given by [Inserted Insurance Company] in writing or otherwise shall bedeemed to be given to the other co-insurer as well.Companies: [Inserted Insurance Company]Percentage Insured: [Inserted Percentage]Policy No.: [Inserted Policy Number]Premium: [Inserted Amount]Authorized SignatureCompanies: [Inserted Insurance Company]Percentage Insured: [Inserted Percentage]Policy No.: [Inserted Policy Number]Premium: [Inserted Amount]Authorized SignatureConsequential Loss ClauseIt is agreed and understood that the Policy does not apply to any liability claims for any consequential lossof any kind resulting from any defect or damage in insured’s Products, including but not limited to loss of101

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!