5-2 承保範圍及不保事項 - ACE Group

MAJOR SHAREHOLDERS EXCLUSION – ABSOLUTEBy 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:ACE will not pay any Civil Liability Loss directly or indirectly caused by, arising out of or inany way connected with any Claim brought by, on behalf of or for the benefit of any person orentity who, whether directly or indirectly, owns or controls, at the time of the Wrongful Act orother conduct, 20% or more of:the issued and outstanding securities of the Principal Organisation; orthe voting rights representing the present right to vote in the election of directors of thePrincipal Organisation.In all other respects this Policy remains unaltered.ACE elite FINANCIAL INSTITUTIONS CIVIL LIABILITY INSURANCE POLICYMAJOR SHAREHOLDERS EXCLUSION – CLIENT OR CUSTOMER CARVEBACKBy 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:ACE will not pay any Civil Liability Loss directly or indirectly caused by, arising out of or inany way connected with any Claim brought by, on behalf of or for the benefit of any person orentity who, whether directly or indirectly, owns or controls, at the time of the Wrongful Act orother conduct, 20% or more of:the issued and outstanding securities of the Principal Organisation; orthe voting rights representing the present right to vote in the election of directors of thePrincipal Organisation,provided that this Exclusion will not apply where the Claim is brought or maintained by anInsured Person solely in his or her capacity as a client or customer of the PrincipalOrganisation and without the participation, solicitation, consent or assistance of any otherInsured.In all other respects this Policy remains unaltered.ACE elite FINANCIAL INSTITUTIONS CIVIL LIABILITY INSURANCE POLICYTie in Limits – ACE FIPI policiesBy 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):The combined total aggregate Limit of Liability that ACE shall be liable to pay for all CivilLiability Loss arising out of all Claims made against all Insureds under all insurance covers391