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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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component thereof; or the storage, transport, assembly, disassembly, maintenance oroperation of any nuclear weapon or nuclear component thereof.4.3 asbestos or materials containing asbestos.4.4 any Act of Terrorism regardless of any other cause or event contributing concurrently or in anyother sequence to the loss or any action taken in controlling, preventing, suppressing or in anyway relating to any Act of Terrorism.4.5 fines, penalties, punitive, exemplary, liquidated or aggravated damages.4.6 any indemnity, liability, injury, loss or damage which is the subject of a sub-limit under anyUnderlying Policy.Policy Territory EndorsementNotwithstanding any provision to the contrary within this Policy or any endorsement thereto it is herebydeclared and agreed that, the policy territory of this Policy shall be extended to include Worldwide(However, under no circumstances shall any country or jurisdiction which is the subject of trade oreconomic sanctions imposed by the laws or regulations of the United States of America is being coveredunder this policy).E-1It is agreed that should any of the total limit(s) of liability of the Underlying Insurance are reduced orexhausted because the insurer of the Underlying Insurance indemnifies injury, loss or damage that resultsfrom any occurrence not covered by this Policy, the Company will continue to apply this Policy only toinjury, loss or damage that:1. is covered by this Policy; and2. exceeds the limit(s) of liability of the Underlying Insurance (US$ [insert amount])All other terms and conditions remain unchanged.Defence Costs and Expenses – with caps of limitsNotwithstanding any provision to the contrary within this insurance or any endorsement thereto it is herebydeclared and agreed that, the provision of 1.3 Defence Costs and Expenses of this policy shall beamended to read as follow:1.3 Defence Costs and ExpensesThe Company will pay:1.3.1 all reasonable legal costs and expenses incurred by the Insured with the written agreement ofthe Company, and1.3.2 all defence costs incurred by the Company.These defence costs and expenses are payable subject to the following:1.3.3 The Company is not obliged to pay any defence costs or expenses or to defend any suit afterthe Company’s liability under this Policy to indemnify the Insured has been exhausted.1.3.4 If a payment exceeding the Company’s liability under this Policy to indemnify the Insured has to76

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