5-2 承保範圍及不保事項 - ACE Group

(3) any lack of good faith or fair dealing in the handling of any claim or obligation arising out of or underany Insurance Contract.Insurance Contract means any policy of insurance, reinsurance, bonds or indemnity, including but notlimited to annuities, endowments, pension contracts and risk management self-insurance programmes,pools or similar programmes.In all other respects this policy remains unaltered.ACE elite III Directors & Officers Liability Insurance PolicyE120 Money Laundering ExclusionBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all other terms,conditions, limits of liability and exclusions of the policy):A. Section 2, Definitions, is amended to include the following:2.34 Money Laundering or Related Financial Crime has the meaning given to that term (or the termused for an equivalent offence) under any statute, law, rule, regulation, international treaty,convention or accord pertaining to the movement of illicit cash or cash equivalent proceeds.B. Section 3, Exclusions, is amended to include the following:3.11 based on, arising from or attributable to any actual or alleged Money Laundering or RelatedFinancial Crime.In all other respects this policy remains unaltered.ACE elite III Directors & Officers Liability Insurance PolicyE134 Investment Banking Activity ExclusionBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all other terms,conditions, limits of liability and exclusions of the policy):The Insurer shall not be liable to make any payment for Loss in connection with any Claim orInvestigation based on, arising from or attributable to any Investment Banking Activity, including butnot limited to any disclosure requirements in connection with such activities.“Investment Banking Activity” includes the underwriting, syndicating or promotion of any security orpartnership interest in connection with any actual, alleged or threatened merger, acquisition, divestiture,tender offer, proxy contest, leveraged buy-out, going private transaction, reorganization (voluntary orinvoluntary), capital restructuring, recapitalization, spin-offs, primary or secondary offerings of securities(regardless of whether the offering is a public offering or private placement), dissolution or sale of all orsubstantially all of the assets or stock of a business entity, or effort to raise or furnish capital or financingfor any enterprise or entity, or any acquisition or sale of securities by any broker/dealer for its ownaccount, or any activity by an Insured as a specialist or market maker (including the failure to make amarket) for any securities, or any disclosure requirements in connection with any of the foregoing.Investment Banking Activity also includes the rendering of advice or recommendations or the rendering260