12.07.2015 Views

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

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including but not limited to plagiarism, copyright, trademark, registered design or patent.This Exclusion shall not apply to any Civil Liability Loss due solely to the unintentionalbreach on the part of an Insured in infringing an intellectual property right.4.16 Terrorism<strong>ACE</strong> will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with:(a) an Act of Terrorism, regardless of any other cause or event contributingconcurrently or in any other sequence to the Civil Liability Loss; or(b) any action taken in controlling, preventing, suppressing or in any way relating toan Act of Terrorism.For the purposes of this Exclusion, Act of Terrorism means any act, including but notlimited to the use of force or violence or threat of force or violence, of any person orgroups of person, whether acting alone or on behalf of or in connection with anyorganisation or government, which from its nature or context is done with the intention oreffect to influence any government or to put the public or any section of the public, infear.4.17 War<strong>ACE</strong> will not pay for any Civil Liability Loss directly or indirectly caused by, arising outof or in any way connected with war, invasion, acts of foreign enemies, hostilities(whether war be declared or not), civil war, rebellion, revolution, insurrection, military orusurped power or confiscation, nationalisation, requisition or destruction of property byor under the order of any government or public authority.<strong>ACE</strong> elite FINANCIAL INSTITUTIONS CIVIL LIABILITY INSURANCE POLICYMONEY LAUNDERING EXCLUSIONBy way of endorsement to the Policy, the parties agree as follows (subject otherwise to allother terms, conditions, limits of liability and exclusions of the Policy):Section 4 of this Policy, Exclusions, is amended by adding the following:<strong>ACE</strong> will not pay any Civil Liability Loss directly or indirectly caused by, arising out of or inany way connected with any actual or alleged Money Laundering or Related FinancialCrime, which any director, supervisor or Officer knew or reasonably should have knownconstituted such Money Laundering or Related Financial Crime.For the purpose of this Exclusion, Money Laundering or Related Financial Crime, has themeaning given to that term (or the term used for an equivalent offence) under any statute, law,rule, regulation, international treaty, convention or accord pertaining to the movement of illicitcash or cash equivalent proceeds.In all other respects this Policy remains unaltered.<strong>ACE</strong> elite FINANCIAL INSTITUTIONS CIVIL LIABILITY INSURANCE POLICY390

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