5-2 承保範圍及不保事項 - ACE Group

The cover provided by the policy is extended to pay on behalf of the Company all Critical Occurrence Lossincurred by the Company arising from a Critical Occurrence which first commences during the PolicyPeriod.Exclusions:For the purposes of this endorsement only, Exclusions 3.7 and 3.8 are deleted.ACE elite III Preferred Directors & Officers Liability Insurance PolicyE131 Global Insurance Program EndorsementThe Insurer shall indemnify the Named Insured in respect of sums equal to any payments for Loss of anInsured that, solely as a result of any of the following circumstances, have been lawfully indemnified by aSubsidiary according to the applicable law, that such Subsidiary claims from the Named Insured in aDemand:A. Where a Local Policy is required by applicable law but prior to the incurring of Loss by an Insuredsuch a policy had not in fact been issued; orB. Where a Local Policy had been issued but, for any reason, did not pay the Loss; orC. Where a Local Policy had been issued but its limit of liability becomes exhausted by paymentsmade in part satisfaction of Loss.安 達 產 物 菁 英 三 號 董 監 事 暨 重 要 職 員 責 任 保 險 - 進 階 版E131 跨 國 性 保 險 計 劃 附 加 條 款本 公 司 僅 於 下 列 情 事 發 生 時 , 應 補 償 列 名 被 保 險 公 司 已 由 其 從 屬 公 司 依 照 適 用 法 規 補 償 予 被 保 險 人 損 失 之 等值 金 額 , 且 該 從 屬 公 司 已 向 列 名 被 保 險 公 司 提 出 書 面 請 求 :A. 依 照 適 用 法 規 應 須 投 保 當 地 保 險 單 然 而 在 被 保 險 人 發 生 損 失 前 , 該 保 險 單 實 際 上 尚 未 簽 發 者 ; 或B. 當 地 保 險 單 已 簽 發 但 因 故 未 支 付 損 失 者 ; 或C. 當 地 保 險 單 已 簽 發 然 而 其 累 積 責 任 限 額 已 因 支 付 損 失 而 耗 盡 者 。ACE elite III Preferred Directors & Officers Liability Insurance PolicyE147A Downgrade ClauseThis policy may be terminated by the company shown in Item 1 of the Schedule in the event that theInsurer:(1) wholly ceases underwriting of the respective insurance or formally announces its intention to do so;or(2) is the subject of an order or resolution for winding up or formally proposes a scheme ofarrangement; or(3) has its authority to carry on insurance business withdrawn; or(4) has its financial strength rating, or the financial strength rating of its ultimate parent company,downgraded to a rating below [insert rating] by Standard & Poor’s, A.M. Best Ratings or Fitch (Duff &Phelps), or to a rating below [insert rating] by Moody’s.The company shown in Item 1 of the Schedule can exercise its right to terminate the Insurer’s proportionunder the policy by providing written notice to the Insurer at any time after any of events (a)-(d) aboveoccurring. In the event of such termination, the relevant Insurer will refund the unearned portion of thepremium to the company shown in Item 1 of the Schedule, subject to no Claims, Investigations, facts orcircumstances notified under this policy prior to the date of termination. The date of termination will bethe first business day after the company shown in Item 1 of the Schedule provides its formal writtennotice. The amount of premium to be refunded will be the pro rata amount allocatable to the period startingwith the date of termination and ending with the last day of the Policy Period. If any Claims,Investigations, facts or circumstances have been notified under this policy, the premium will be deemedto be fully earned and none will be repayable to the company shown in Item 1 of the Schedule.ACE elite III Preferred Directors & Officers Liability Insurance PolicyE148E Continuous Cover Extension Amended7.8 Continuous Cover is hereby deleted in its entirety and replaced by the following:7.8 Continuous CoverThis policy extends to cover the Insured for any Claim, Investigation or any Wrongful Act which maygive rise to a Claim, which could have been notified to the Insurer under an earlier Directors and OfficersLiability Insurance Policy issued by the Insurer and/ or other insurer which is notified during the PolicyPeriod or Discovery Period (if applicable), provided that:(i) there has been no fraudulent non-disclosure or fraudulent misrepresentation in respect of anysuch Claim, Investigation or Wrongful Act which may give rise to a Claim (each being a "Prior299