5-2 承保範圍及不保事項 - ACE Group

(b) any loan, lease or extension of credit, provided that this exclusion shall not applyto a Wrongful Act in the Administration of such loan, lease, or extension ofcredit.4.11 Mechanical BreakdownACE will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with any mechanical, electronic or software failure, faultyconstruction, error in design, latent defect, wear and tear, gradual deterioration,electrical disturbance, electronic data processing media failure or breakdown ormalfunction of any machine or system of machines including any electrical powerinterruption, surge, brown or black out, or failure of telephone lines, data transmissionline, satellites or other infrastructure, unless this is the result of a Wrongful Act.4.12 Directors and Officers LiabilityACE will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with any breach by a director or Officer of a duty owed intheir capacity as a director or Officer of the Principal Organisation while carrying outthe functions and responsibilities of a director or Officer. This exclusion does not applyto a breach of a professional duty owed to a third party in the performance of theProfessional Services.4.13 US SECACE will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with any actual or alleged violation of any responsibilities,obligations or duties imposed by the Securities Act of 1933 (USA) as amended or theSecurities Exchange Act 1934 (USA) as amended; any rules or regulations of theSecurities and Exchange Commission (USA) promulgated under either the SecuritiesAct 1933 (USA) as amended or the Securities Exchange Act 1934 (USA) as amended;or any similar US federal, state or common law relating to matters addressed in the acts,rules or regulations referred to above.4.14 Trustee LiabilityACE will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with any act or omission by an Insured as a trustee,administrator, or fiduciary of a Principal Organisation's superannuation fund, pensionfund, employee benefit or profit-sharing program, including any actual or allegedviolation of any responsibilities, obligations or duties imposed by the EmployeeRetirement Income Security Act of 1974 (USA) as amended or re-enacted, any relatedrules or regulations, or any similar legislation in any other jurisdiction.4.15 Intellectual PropertyACE will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with an infringement of any intellectual property right,389