Common use of COMPLIANCE WITH THE LAW AND FINANCIAL CRIME Clause in Contracts

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be bound, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 The Coverholder shall not undertake any activity in any way that would constitute a criminal act in the jurisdiction in which it is located or doing business, or which would expose the Underwriters to any criminal sanction; 34.3 The Coverholder shall conduct its business in accordance with all relevant anti-money laundering and international economic or financial sanctions legislation. In addition, the Coverholder will not act contrary to any additional anti-money laundering or international economic or financial sanctions requirements set by the Underwriters and/or Lloyd’s other than where compliance with those requirements would be contrary to local law; 34.4 The Coverholder, on behalf of the Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder and/or the Underwriters to any sanction, prohibition or restriction under any applicable international economic or financial sanctions legislation; 34.5 The Coverholder shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislation; 34.6 The Coverholder shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 34.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be bound, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 The Coverholder shall not undertake any activity which facilitates the evasion of taxes anywhere in any way that the world or which would constitute a criminal act in the jurisdiction in which it is located or doing business, or which would expose the Underwriters to any criminal sanction; 34.3 The Coverholder shall conduct its business in accordance with all relevant anti-money laundering financial crime and international economic economic, financial or financial trade sanctions legislationlaws and regulations. In addition, the Coverholder will shall not act contrary to any additional anti-money laundering requirements concerning: (i) international economic, financial or international economic trade sanctions; (ii) the prevention of the facilitation of tax evasion; or (iii) financial sanctions requirements crime set by the Underwriters and/or Lloyd’s other than where compliance with those requirements would be contrary to local law; 34.4 The Coverholder, on behalf of the Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder and/or the Underwriters to any sanction, prohibition or restriction under any applicable international economic economic, financial or financial trade sanctions legislationlaws or regulations; 34.5 The Coverholder shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislationlaw; 34.6 The Coverholder shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 34.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be bound, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 The Coverholder shall not undertake any activity in any way that thatwhich facilitates the evasion of taxes anywhere in the world or which would constitute a criminal act in the jurisdiction in which it is located or doing business, or which would expose the Underwriters to any criminal sanction; 34.3 The Coverholder shall conduct its business in accordance with all relevant anti-money laundering launderingfinancial crime and international economic economic, financial or financial financialtrade sanctions legislation. laws and regulations. In addition, the Coverholder will willshall not act contrary to any additional anti-money laundering or requirements concerning: (i) international economic or, financial or trade sanctions requirements; (ii) the prevention of the facilitation of tax evasion; or (iii) financial sanctions requirements crime set by the Underwriters and/or Lloyd’s other than where compliance with those requirements would be contrary to local law; 34.4 The Coverholder, on behalf of the Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder and/or the Underwriters to any sanction, prohibition or restriction under any applicable international economic or, financial or financial trade sanctions legislationlegislationlaws or regulations; 34.5 The Coverholder shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislationlegislationlaw; 34.6 The Coverholder shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 34.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 31.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder Consortium Manager shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be boundbound under the Agreement, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 31.2 The Coverholder Consortium Manager shall not undertake any activity which facilitates the evasion of taxes anywhere in any way that the world or which would constitute a criminal act in the jurisdiction in which it is located or doing businessact, or which would expose the Following Underwriters to any criminal sanction; 34.3 31.3 The Coverholder Consortium Manager shall conduct its business in accordance with all relevant anti-money laundering financial crime and international economic economic, financial or financial trade sanctions legislationlaws and regulations. In addition, the Coverholder will Consortium Manager shall not act contrary to any additional anti-money laundering requirements concerning: (i) international economic, financial or international economic trade sanctions; (ii) the prevention of the facilitation of tax evasion; or (iii) financial sanctions requirements crime set by the Following Underwriters and/or Lloyd’s 's other than where compliance with those requirements would be contrary to local law; 34.4 31.4 The CoverholderConsortium Manager, on behalf of the Following Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder Consortium Manager and/or the Following Underwriters to any sanction, prohibition or restriction under any applicable international economic economic, financial or financial trade sanctions legislationlaws or regulations; 34.5 31.5 The Coverholder Consortium Manager shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislation;law; and 34.6 31.6 The Coverholder Consortium Manager shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 3431.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 31.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder Consortium Manager shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be boundbound under the Agreement, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 31.2 The Coverholder Consortium Manager shall not undertake any activity in any way that would constitute a criminal act in the jurisdiction in which it is located or doing business, or which would expose the Following Underwriters to any criminal sanction; 34.3 31.3 The Coverholder Consortium Manager shall conduct its business in accordance with all relevant anti-money laundering and international economic or financial sanctions legislation. In addition, the Coverholder will not act contrary to any additional anti-money laundering or international economic or financial sanctions requirements set by the Underwriters and/or Lloyd’s other than where compliance with those requirements would be contrary to local law; 34.4 31.4 The CoverholderConsortium Manager, on behalf of the Following Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder Consortium Manager and/or the Following Underwriters to any sanction, prohibition or restriction under any applicable international economic or financial sanctions legislation; 34.5 31.5 The Coverholder Consortium Manager shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislation; 34.6 31.6 The Coverholder Consortium Manager shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 3431.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 31.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder Consortium Manager shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be boundbound under the Agreement, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 31.2 The Coverholder Consortium Manager shall not undertake any activity which facilitates the evasion of taxes anywhere in any way that the world or which would constitute a criminal act in the jurisdiction in which it is located or doing businessact, or which would expose the Following Underwriters or the Service Companies to any criminal sanction; 34.3 31.3 The Coverholder Consortium Manager shall conduct its business in accordance with all relevant anti-money laundering financial crime and international economic economic, financial or financial trade sanctions legislationlaws and regulations. In addition, the Coverholder will Consortium Manager shall not act contrary to any additional anti-money laundering requirements concerning: (i) international economic, financial or international economic trade sanctions; (ii) the prevention of the facilitation of tax evasion; or (iii) financial sanctions requirements crime, set by the Following Underwriters and/or the Service Companies and/or Lloyd’s 's other than where compliance with those requirements would be contrary to local law; 34.4 31.4 The CoverholderConsortium Manager, on behalf of the UnderwritersFollowing Underwriters or the Service Companies, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder Consortium Manager the Following Underwriters, and/or the Underwriters Service Companies to any sanction, prohibition or restriction under any applicable international economic economic, financial or financial trade sanctions legislationlaws or regulations; 34.5 31.5 The Coverholder Consortium Manager shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-anti- bribery legislation;law; and 34.6 31.6 The Coverholder Consortium Manager shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 3431.

COMPLIANCE WITH THE LAW AND FINANCIAL CRIME. 34.1 31.1 Without prejudice to any of the rights or obligations otherwise specified in the Agreement, the Coverholder Consortium Manager shall comply with all applicable laws for the legal and proper solicitation and handling of all insurances bound or intended to be boundbound under the Agreement, and shall use its best endeavours to ensure that any other parties with whom it deals in carrying out its duties under the Agreement comply with such laws where applicable; 34.2 31.2 The Coverholder Consortium Manager shall not undertake any activity which facilitates the evasion of taxes anywhere in any way that thatthe world or which would constitute a criminal act in the jurisdiction in which it is located or doing businessact, or which would expose the Following Underwriters to any criminal sanction; 34.3 31.3 The Coverholder Consortium Manager shall conduct its business in accordance with all relevant anti-money laundering and international economic or financial sanctions legislationlegislationfinancial crime and international economic, financial or trade sanctions laws and regulations. In addition, the Coverholder will Consortium Manager shall not act contrary to any additional anti-money laundering requirements concerning: (i) international economic, financial or international economic trade sanctions; (ii) the prevention of the facilitation of tax evasion; or (iii) financial sanctions requirements crime set by the Following Underwriters and/or Lloyd’s 's other than where compliance with those requirements would be contrary to local law; 34.4 31.4 The CoverholderConsortium Manager, on behalf of the Following Underwriters, shall not provide cover or pay any claim or provide benefit hereafter to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the Coverholder Consortium Manager and/or the Following Underwriters to any sanction, prohibition or restriction under any applicable international economic or, financial or financial trade sanctions legislationlegislationlaws or regulations; 34.5 31.5 The Coverholder Consortium Manager shall not accept, offer or facilitate payment, consideration, or any other benefit, which constitutes an illegal or corrupt practice contrary to any applicable anti-bribery legislation;legislation;law; and 34.6 31.6 The Coverholder Consortium Manager shall maintain on an ongoing basis appropriate systems, procedures and controls designed to prevent any breach of this Section 3431.