Common use of Fraudulent Claims Clause in Contracts

Fraudulent Claims. If the Insured or anyone acting on its behalf makes a fraudulent claim under this Policy, the Insurer: a) is not liable to pay the claim; b) may recover any part of the claim already paid from the relevant Insured; and c) may by notice to the Insured treat this Policy as having been terminated with effect from the time of the first fraudulent act, in which case the Insurer is not liable to that Insured in respect of a relevant event occurring after that time and may retain any premium. These remedies shall not be available against any other entity insured under this Policy that was not implicated in the fraud.

Appears in 4 contracts

Samples: Excess of Loss Trade Credit Insurance Policy, Trade Credit Insurance Policy, Trade Credit Insurance Policy

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Fraudulent Claims. 10.13.1 If the Insured insured or anyone acting on its behalf makes a fraudulent claim under this Policypolicy, the Insurer:the a) is not liable to pay the claim; b) may recover any part of the claim already paid from the relevant Insuredinsured; and c) may by notice to the Insured insured treat this Policy policy as having been terminated with effect from the time of the first fraudulent act, in which case the Insurer insurer is not liable to that Insured insured in respect of a relevant event occurring after that time and may retain any premium. . 10.13.2 These remedies shall not be available against any other entity insured under this Policy policy that was not implicated in the fraud.

Appears in 4 contracts

Samples: Public Authority Combined Liability Insurance Policy, Public Authority Combined Liability Insurance Policy, Public Authority Combined Liability Insurance Policy

Fraudulent Claims. 4.13.1 If the Insured insured or anyone acting on its behalf makes a fraudulent claim under this Policypolicy, the Insurerinsurer: a) is not liable to pay the claim; b) may recover any part of the claim already paid from the relevant Insuredinsured; and c) may by notice to the Insured insured treat this Policy policy as having been terminated with effect from the time of the first fraudulent act, in which case the Insurer insurer is not liable to that Insured insured in respect of a relevant event occurring after that time and may retain any premium. . 4.13.2 These remedies shall not be available against any other entity insured under this Policy policy that was not implicated in the fraud.

Appears in 1 contract

Samples: Excess Employers’ Liability Insurance

Fraudulent Claims. 4.12.1 If the Insured insured or anyone acting on its behalf makes a fraudulent claim under this Policypolicy, the Insurerinsurer: a) is not liable to pay the claim; b) may recover any part of the claim already paid from the relevant Insuredinsured; and c) may by notice to the Insured insured treat this Policy policy as having been terminated with effect from the time of the first fraudulent act, in which case the Insurer insurer is not liable to that Insured insured in respect of a relevant event occurring after that time and may retain any premium. . 4.12.2 These remedies shall not be available against any other entity insured under this Policy policy that was not implicated in the fraud.

Appears in 1 contract

Samples: Excess Employers’ Liability Insurance

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Fraudulent Claims. If the Insured or anyone acting on its the Insured’s behalf makes a fraudulent claim Claim under this Policy, the InsurerInsurers: (a) is are not liable to pay the claimClaim; (b) may recover any part of the claim Claim already paid paid, from the relevant Insured; and (c) may by notice to the Insured treat this Policy as having been terminated with effect from the time of the first fraudulent act, in which case the Insurer is Insurers are not liable to that the Insured in respect of a relevant event occurring after that time and may retain any premiumPremium. These these remedies shall not be available against any other entity insured under this Policy that was not implicated in the fraud.

Appears in 1 contract

Samples: Clinical Trials Liability Policy

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