5-2 承保範圍及不保事項 - ACE Group

20. Liability of indemnity regulated under the Labour Standard Law. This exclusion does not apply toliability for damage that the Insured would have in the absence of the Labour Standard Law.21. Pure Financial Loss ExclusionThis Policy does not cover:(a) the liability of financial loss sustained by a customer or user of any Insured’s Products if suchfinancial loss is a direct result of the defective or harmful conditions of such Insured’s Productsor their failure to perform a function for which they were supplied by the Insured.(b) the liability of financial loss sustained by any third party if such financial loss is a direct result ofany negligence, errors and/or omissions of the Insured.22. Any loss, damage, Compensation or expense of whatsoever nature directly or indirectly caused by,resulting from, happening through or in connection with any act of terrorism, regardless of any othercause contributing concurrently or in any other sequence to the loss, damage or expense.For the purpose of this Exclusion, terrorism means an act of violence or an act dangerous to humanlife, tangible or intangible property or infrastructure with the intention or effect to influence anygovernment or to put the public or any section of the public in fear.In any action suit or other proceedings where the insurer alleges that by reason of this Definition aloss, damage, Compensation or expense is not covered by this Policy, the burden of proving thatsuch loss, damage or expense is covered shall be upon the insured.ACE Umbrella Liability InsuranceTie-In Limits and Insured’s Self Insured Retention EndorsementBy way of endorsement to the Policy, the Insurers and the Insured agree as follows (subject otherwise toall other Terms, Conditions, Limits of Liability and Exclusions of the Policy):The combined total aggregate limit of liability that the Insurers shall indemnify the Insured for all sumswhich the Insured shall be legally liable to pay Compensation as described in the “Indemnity Clause”under all insurance covers combined involving both this Policy and also policy number (*) shall beUS$ per Occurrence and in the aggregate.The combined total aggregate Insured’s Self Insured Retention, shown on Item 6. of the Policy Schedule,under all insurance covers, excluding excess auto cover, combined involving both this Policy and alsopolicy number (*) shall be US$ per Occurrence but limited to US$ in the aggregate (Defencecost and supplementary payments are to be included within).This endorsement shall not be construed so as to increase the Limits of Liability shown in Item 4 of thePolicy Schedule.All the other Terms, Conditions and Exclusions of this policy remain unchanged.In consideration of the Insured in the Schedule having paid the Premium shown in the Schedule to thecompanies named herein (hereinafter referred to as the “Insurers”), the Insurers (including those, with theconsent of the Insured, substituting in whole or in part for any of the original Insurers) severally but notjointly agree, each for the proportion set against their name and subject to the terms and Conditionscontained herein or Endorsed hereon to indemnify the Insured in the manner hereinafter described.Insurance Company of North America Taipei Branch (hereinafter referred to as the Leading Insurer) hasbeen authorized by the other insurers (hereinafter referred to as the Co-insurers) to deal with all mattersrelating to this Policy including settlement of claims, and all decisions made by the Leading Insurer and allagreement reached between the Insured and the Leading Insurer shall be binding on the Co-insurers. Anynotice given verbally or in writing by the Insured to the Leading Insurer shall be deemed to have also beengiven to the Co-insurers.In witness, the Insurers have caused this Policy to be signed by their authorized representatives.ACE Products Liability Insurance (Claims Made Form)A) Insuring AgreementThe Company will pay on behalf of the Insured all sums which the insured shall become legally obligatedto pay as damages as the result of claims first made against the insured and reported to the companyduring the policy period because of bodily injury or property damage included within the product hazard towhich this insurance applies. No other obligations or liability to pay sums or perform acts or services is80