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

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Not-for-Profit Entity and its Directors and Officers.(v)(vi)If such insurance is provided by the Insurer or any member of the <strong>ACE</strong> group of companies(or would be provided except for the application of the retention amount or the exhaustion ofthe Limit of Liability), then the total aggregate Limit of Liability for all Loss covered by virtue ofthis extension shall be reduced by the amount paid for the benefit of the Outside Entity orNot-for-Profit Entity and its Directors and Officers under the other <strong>ACE</strong> insuranceprovided to the Outside Entity or Not-for-Profit Entity. However, clause 7.5(v) shall notapply to[Insert Outside Entity name].If during the Policy Period a Director or Officer of the Company covered by this Extensionceases to hold his or her position in an Outside Entity or Not-for-Profit Entity (or holdssuch position other than at the specific request of the Company), cover under this policyshall continue to apply (subject to the other terms and conditions) to such person forWrongful Acts committed whilst such person held his or her position in such Outside Entityor Not-for-Profit Entity.In all other respects this policy remains unaltered.<strong>ACE</strong> elite III Directors & Officers Liability Insurance PolicyE106A Tie In Limits EndorsementBy 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 combined total aggregate limit of liability of all insurance covers and extensions provided under thispolicy and under all of the policies listed below shall be GBP [insert policy limit].COUNTRY INSURER POLICY NO. NAMED INSURED1)Accordingly, all payments made pursuant to all insurance covers and extensions of the policies listedabove shall, insofar as they erode the limit of liability of such policies, also erode the limit of liability of thispolicy, because the limit of liability of each of the policies listed above shall be deemed to be part of andnot in addition to the limit of liability of this policy.Nothing contained in this endorsement shall increase either (a) the limit of liability of any policy listedabove; or (b) the limit of liability of this policy.In all other respects this policy remains unaltered.<strong>ACE</strong> elite III Directors & Officers Liability Insurance PolicyE092 Retroactive Cover 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):264

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