5-2 承保範圍及不保事項 - ACE Group

direct financial loss sustained by your subsidiary that, solely as a result of any of the followingcircumstances, such subsidiary claims from the Named Insured in a Demand:A. Where a Local Policy is required by applicable law but prior to the incurring of loss byan Insured such 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 bypayments made in part satisfaction of loss.ACE elite FraudProtector Insurance PolicyRetroactive Date ExclusionIt is understood and agreed that the following paragraph is added to the Section of “What isnot covered”:p) any loss that occurred before [insert date].In all other respects this policy remains unaltered.ACE elite FraudProtector Insurance PolicyTie In Limits EndorsementBy way of endorsement to the policy, the parties agree as follows (subject otherwise to all otherterms, conditions, limits of liability and exclusions of the policy):The combined total aggregate limit of liability of all insurance covers and extensions providedunder [insert policy coverage] of this policy and under [insert policy coverage] of all thepolicies 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 policieslisted above shall, insofar as they erode the limit of liability of such policies, also erode the limitof liability of this policy, because the limit of liability of each of the policies listed above shall bedeemed to be part of and not 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 policylisted above; or (b) the limit of liability of this policy.In all other respects this policy remains unaltered.ACE elite FraudProtector Insurance PolicyPolicy Period Extension EndorsementIt is understood and agreed that in consideration of the payment of an additional premium of$[insert amount], Item 2 of the Policy Schedule is amended to read as follows:‘Policy Period:From [insert inception date of the original policy period]To [insert expiry date of the extension period]both days inclusive at local standard timeOur maximum sum insured for all loss, as stated in item 3 of the Policy Schedule, shallremain unchanged.In all other respects this policy remains unaltered.ACE elite FraudProtector Insurance PolicyDirect Labors ExclusionIt is understood and agreed that the definition of Employee is deleted in its entirety and375