5-2 承保範圍及不保事項 - ACE Group

The definition of Insured in section 11(o), “MEANING OF THE POLICY TERMS” is amendedas follows:v) The definition of Insured excludes the following entities and their subsidiaries:[insert entity]vi) The definition of Insured includes the following entities and their subsidiaries:[insert entity]In all other respects this policy remains unaltered.ACE elite III fraudProtector Insurance PolicyDirect Labors ExclusionIt is understood and agreed that the definition of Employee is deleted in its entirety andreplaced with the following:Employee means a person in your regular service whom you compensate by wages, salary,fees and/or commissions and who you have the right to direct and control in the performanceof this service, including:i) any of your directors, trustees or consultants whilst performing acts coming within thescope of the usual duties of an employee.ii) any temporary personnel supplied by outside agencies, students, secondees, orvolunteers whilst performing services for you.iii) any contractor but only when performing acts coming within the scope of the usual dutiesof an employee and only limited to services he is contracted to supply.iv) any professionally qualified lawyer retained by you, or any employee of such lawyer,whilst performing services on your behalf under the retainer.v) any trustee, fiduciary, administrator or officer of any plan established by you and fallingwithin the definition of insured.vi) any of your retired employees working under written contracts.vii) any employee for a period of ninety days immediately following termination of theirservice unless termination of their employment was as a result of an internal crime whichwould have been covered under this or a similar policy of insurance.viii) any employee whom you are unable to identify but who has caused you to sustain a lossprovided that the evidence submitted demonstrates on the balance of probabilities thatthe loss was due to an act of an employee despite not being identifiable by name.Notwithstanding the above, the definition of employee does not include employees that aredirect laborers of [[if applicable, insert entity].For purpose of this endorsement, direct laborers should mean any employee who physicallyand directly work on the goods being produced and whose wages, salary, fee/or commissioncontribute to direct labor costs according to accounting principles.[if applicable, In consideration of this Exclusion, the premium shown in item 7 of the scheduleis reduced by US$.]In all other respects this policy remains unaltered.ACE elite III fraudProtector Insurance PolicyPrior Act cover for AcquisitionsBy 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):It is understood and agreed that this policy shall cover any loss of [insert entity] resulting fromacts committed prior to the date of acquisition by the Insured.The date of acquisition is [insert date].381