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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however that [if any, insert , except in [insert country,]] [insert the Company or we] shall not be liable to pay anydeductible that would have applied under such local admitted policy.It is a condition precedent that the local admitted policies referred to (or any policies issued in substitution and agreedby [insert the Company or us]) shall be maintained in full effect and that any warranties contained therein shall becomplied with during the policy period of this Policy.All other policy terms and conditions remain unchanged.Difference In Limits ClauseIn the event that a claim is payable under a local admitted policy provided by the following countries:[insert countries] through the Company (or any other Insurance Company authorised by the Company)this Master Policy will pay the difference between the limit of liability payable under such local admittedpolicy and the corresponding limit of liability stated in the Schedule under Master Limits of Liability.It is hereby understood and agreed that:-1. The terms, definitions, exclusions and conditions contained in or endorsed onto this Master Policyshall be those used to determine the Company's liability under this Difference in Limits clause for anyclaim which occurs in a country where the Company's authorised representative (or any other InsuranceCompany authorised by the Company) has provided the Insured with a local admitted Policy and suchPolicy contains terms, definitions, exclusions, conditions, or endorsements which differ from this MasterPolicy.2. If the Insured has been provided by the Company's authorised representative (or any other InsuranceCompany authorised by the Company) with other valid and collectible insurance against a loss coveredby this Policy (1) in order to comply with local statutory requirements or (2) for local coverage underlyingthis Policy, in any of the countries to which this Policy applies, the insurance under this Master Policyshall be excess insurance over, and in no event contributing to, such other insurance and the Limit ofLiability under this Policy shall be reduced by an amount equal to the Limit of Liability afforded undersuch other (1) statutory or (2) underlying insurance policy.Provided always that the total liability of the Company under this Policy and any such local admittedpolicy or policies in respect of any one occurrence or series of occurrences arising directly or indirectlyfrom one source or original cause shall not exceed the Limit of Liability stated in the Schedule and if byvirtue of the existence of any such local admitted policy or policies the Company shall become liable topay an amount in excess of such Limit the Insured shall immediately on demand pay such excessamount to the Company.All other policy terms and conditions remain unchanged.LOSS OF &/OR CORRUPTION OF ELECTRONIC DATAThe Policy does not cover any legal liability arising out of or in any way connected with the loss of and/orcorruption of Electronic Data and/or Data Processing Errors or Omissions.Data Processing Errors or Omissions means:96

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