5-2 承保範圍及不保事項 - ACE Group

Associated Companies ExclusionIt is understood and agreed that the definition of Insured is deleted in its entirety and replacedwith the following:Insured means the policyholder and is deemed to include:-a) all subsidiary existing at or before the inception date (or subsequent renewal date) andin respect of the policyholder has included in the proposal form.b) any subsidiary acquired or created after the inception date (or subsequent renewaldate) from the date of such acquisition or creation provided that the gross annualturnover of any such entity and the combined figure for all such entities do not exceed25% of the gross annual turnover you declared to us in the proposal form. If the grossannual turnover does exceed this figure then you should advise us within sixty days ofthe acquisition date and we will decide any additional premiums or conditions thatshould be applied.c) pension fund and employee welfare fund which you maintain on behalf of youremployees and in respect of which you have submitted a proposal form. Payments forany loss will be made direct to the fund.In all other respects this policy remains unaltered.ACE elite FraudProtector Insurance PolicyAuditor Fee ExtensionIt is understood and agreed that the following paragraph under the Section of “What does thepolicy pay” is deleted in its entirety.“We will also pay for any auditor’s fees or investigative costs (other than internal costs orsalaries) incurred by you with our prior written consent in order to identify and to quantify losscovered by this insurance; and, any legal fees incurred by you in defending any demand, claimor legal proceeding resulting from a loss covered by this insurance. Such payment will be partof the sum insured.”Further, the deleted paragraph is replaced by the following.“We will also pay for any auditor’s fees or investigative costs (other than internal costs orsalaries) incurred by you with our prior written consent in order to identify and to quantify losscovered by this insurance; and, any legal fees incurred by you in defending any demand, claimor legal proceeding resulting from a loss covered by this insurance. The amount that we willpay in respect of such fees is subject to the sub-limit of [NTD/USDsub-limit is part of and not in addition to the sum insured.”In all other respects this policy remains unaltered.ACE elite FraudProtector Insurance PolicyEmployee Dishonesty Covered Only Clause]. ThisIt is understood and agreed that Section “What has gone wrong” of this policy is deleted in itsentirety and replaced with the following:372