5-2 承保範圍及不保事項 - ACE Group

Comprehensive Credit Insurance Policy (Single Buyer Limit)-Premium EndorsementAll premium is earned when received by the Insurers.Item 11 of the Declarations shall read as follows:1. Minimum Premium1.1 The minimum premium due for the Policy Period shall be US$or % per annum of the approved buyer limit, and is not refundable unlessspecial buyer credit limit is cancelled by “Insurers” at which time a prorated premiumrefund shall be calculated.1.2 The prorated premium refund shall be calculated as the actual number of days fromthe ‘’Cancellation Date’’, as defined in Article 7C3, to the final date of the policy perioddivided by 365 days times the Insurer's respective proportion of the applicable CreditLimit for the respective refund period. In no event shall a refund be granted until theInsured has released the Insurer from all liability under the policy.2. Premium PaymentThe premium is payable as follows:2.1 The premium shall be paid in quarterly installments of $ on the followingschedule:3. Reporting3.1 The Insured shall report the gross invoice value of Reportable Transactions eachquarter, within days of each of the following reporting dates:3.2 The final report shall include a complete aging of outstanding receivables as of.3.3 In the event the Contract Price is set forth in a Contract Currency other than UnitedStates dollars, all premiums shall be payable in United States dollars and theamount of the Contract Price in United States dollars shall be computed using therate of exchange for the Contract Currency as published in the Wall Street Journalon the report date for the prior quarter's transactions.4. Special Conditions: None.Comprehensive Credit Insurance Policy (Single Buyer Limit)-Special Buyer Credit LimitINSUREDBUYERA Special Buyer Credit Limit is approved for the Buyer named above, subject to the followingterms and conditions:1.Credit Limit Amount:$2.Insured Percentage:360