5-2 承保範圍及不保事項 - ACE Group

Any dishonest, fraudulent, criminal or malicious act or omission, or any intentional or knowing violation ofthe law, by an insured, however, this exclusion shall not apply to our duty to defend any such “claim”unless and until there is an adverse admission by, finding of fact against, or final adjudication against theinsured as to such conduct, at which time the insured shall reimburse us for all defense costs incurred.O. Automobile, Aircraft, Watercraft or Motor VehicleThe ownership, maintenance, operation, use, entrustment to others, existence, loading or unloading ofany automobile, motor vehicle, aircraft or watercraft owned by, operated by or rented or loaned to anyinsured, or used in any way by or for the account of the insured, or any other automobile, motor vehicle,aircraft or watercraft used by any person in the course of their employment by any insured.P. Contractual Liability“Bodily injury” or “property damage” for which the insured is obligated to pay damages by reason of theassumption of liability in a contract or agreement. This exclusion does not apply to liability for damages:1. That the insured would have in the absence of the contract or agreement; or2. Assumed in a written contract or agreement that is an “insured contract”, provided the “bodily injury”or “property damage” occurs subsequent to the execution of the contract or agreement.Q. Damage to Property“Property damage” to:1. Property any insured owns, rents or occupies, including any costs or expenses incurred by theinsured, or any other person or organization or entity for repair, replacement, enhancement,restoration or maintenance of such property for any reason, including prevention of injury to a person ordamage to another’s property;2. Premises any insured sells, gives away or abandons if the “property damage” arises out of any partof those premises;3. Property loaned to any insured; or4. Personal property in the care, custody or control of any insured.166