5-2 承保範圍及不保事項 - ACE Group

ACE elite III Preferred Directors & Officers Liability Insurance PolicyE015B Company Deemed To Be A SubsidiaryBy 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):For the purposes of this policy, [insert company name] is deemed to be a subsidiary of the Companyshown in Item 1 of the Schedule with effect from [insert date].In case [insert the name of company] is or would (but for the existence of this policy) be entitled to coverunder any other policy (save for insurance specifically arranged to apply in excess of this policy) in respectof any Loss, the Insurer shall be liable for such Loss other than in excess of any amount that is or would(but for the existence of this policy) have been payable under this policy.In all other respects this policy remains unaltered.ACE elite III Preferred Directors & Officers Liability Insurance PolicyE203 Primary Cover for Subsidiary ClauseBy 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):It is hereby understood and agreed that if the Directors & Officers Liability insurance policy issued by theInsurer to [insert name of the parent Company] [insert policy number] and this policy apply to thesame Claim or Investigation for which the Insured of this policy is liable, this policy will serve as theprimary policy.In all other respects this policy remains unaltered.ACE elite III Preferred Directors & Officers Liability Insurance PolicyE127B Outside Directorship Extension amendedBy 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):Extensions 7.5 Outside Directorship Extension is hereby deleted in its entirety and replaced by thefollowing:7.5 Outside Directorship Extension(x)Cover under this policy is extended (subject to the Insuring Agreement and the other termsand conditions of this policy and subject to the overall aggregate Limit of Liability) to aDirector or Officer of the Company who at the specific request of the Company:(a)at the date of inception of the Policy Period was a Director or Officer of any Outside329