INSURING CLAUSE. Subject to the terms and conditions of this Policy, We will pay up to the limit of indemnity stated in the Schedule :
1.1 all sums which You shall become legally liable to pay as Damages for Bodily injury to Your patient caused by Malpractice, and
1.2 Defence costs
(a) such Malpractice is committed or allegedly committed by You on or after the Retroactive Date and within the Territorial Limits set out in the Schedule, and
(b) such Malpractice results in a Claim first made against You during the Period of Insurance.
INSURING CLAUSE. 2.1 Subject to the terms and conditions of this Agreement, with effect on and from the Effective Date the Retrocedant shall cede to the Retrocessionaire and the Retrocessionaire agrees to accept in return for the payment of the Premium in accordance with Clause 3 the cession by way of 100 per cent. quota share reinsurance of the Retrocedant's risks under and attaching to, relating to or arising out of the Retroceded Policies, such that the Retrocessionaire will reinsure and indemnify the Retrocedant in the amount of 100 per cent. of its Net Retained Losses in respect of such Retroceded Policies.
2.2 Notwithstanding any other provision of this Agreement, it is agreed that the Net Retained Losses of the Retrocedant shall include any Loss to the extent that it relates to a liability or payment incurred in respect of a Reinsured Event (whether death, the diagnosis of a critical illness or otherwise) which occurred prior to, on, or after the Effective Date.
2.3 The Retrocessionaire shall discharge its obligations to the Retrocedant under Clause 2.1 by making payments in accordance with Clause 8.6.
2.4 The Retrocessionaire shall pay, as may be paid thereon and unconditionally follow the settlements (including ex gratia, "without prejudice" and any extra contractual settlements) against the Retrocedant and the Retrocessionaire shall be bound by settlements, or payments made by the Retrocedant irrespective of the legal liability of the Retrocedant and shall not be entitled to argue in defence or otherwise allege that the Retrocedant has failed to take all proper and businesslike steps in making the relevant settlement and/or payment.
2.5 The Retrocedant agrees to consult in good faith with the Retrocessionaire in respect of any claim arising under any Retroceded Policy where the claim exceeds GBP500,000.
2.6 The Retrocedant will inform the Retrocessionaire of any such claim within 14 days of receiving notification from the underlying cedant, and, in the event of any disputes, will consult the Retrocessionaire with respect to the appointment of lawyers and experts. The Retrocedant will take into account any comments of the Retrocessionaire, but will not be bound to follow any request or suggestion of the Retrocessionaire. The Retrocedant will handle all claims in a proper and businesslike manner.
2.7 The sole remedy for any breach of Clauses 2.5 and 2.6 will be damages for any loss proved; provided that any such claim would not operate as a defence (including by wa...
INSURING CLAUSE. Cover is provided under either Option 1 or Option 2, as set out on the Schedule. However, goods that are not professionally moved are restricted to Option 1 – Limited Cover only. This policy covers Accidental Loss to Insured Property occurring during the Transit as a direct result of: 1. fire;
INSURING CLAUSE. Subject to all of the terms, exclusions, limitations and conditions contained herein or otherwise endorsed hereon, the Company agrees to indemnify such Loss for which Insured is held legally liable because of Liability imposed by law or assumed in an Insured Contract by reason of any Financial Injury, caused by or arising out of the failure :
INSURING CLAUSE. 2.1.1 The insurer agrees that if an insured person sustains an injury or suffers sickness during the period of insurance, that solely and directly causes the insured person’s:
a) death within twelve (12) months of the injury;
b) permanent total disablement or permanent disablement within twelve (12) months of the injury; or
c) temporary total disablement and/or temporary partial disablement (which continues beyond the deferment period) but not necessarily consecutive thereafter to pay to the insured the individual benefits stated in the schedule but not beyond the policy limits stated in the schedule.
INSURING CLAUSE. A. If you become Disabled while insured under the Group Policy, we will pay LTD Benefits according to the terms of your Employer’s coverage under the Group Policy, after we receive satisfactory Proof of Loss. GLDI-C600-(12/06)
INSURING CLAUSE. ME The Insurer will pay on behalf of the Insureds, Loss incurred by the Insureds as a result of Claims first made against the Insureds during the Policy Period, or during the Discovery Period (if purchased), for Wrongful Acts.
INSURING CLAUSE. The Insurer will pay 100% of Covered Losses in excess of the Attachment Point subject to the Limit of Liability.
INSURING CLAUSE. We will indemnify you up to the Limit of Liability shown in the Policy Schedule for all sums that you become legally liable to pay to a third party under Contract with such third party, as compensation for any of the following Covered Loss(es):
(a) “Personal Injury” and/or
(b) “Property Loss” and/or
(c) “Financial Loss” and/or
(d) “Mental Anguish” and/or
(e) “Service Deficiency” and/or
(f) “Income Loss” provided that such Covered Loss:
a. results from an Occurrence precisely specified in Your Contract, and specified in the Policy Schedule; and
b. happens during the Policy Period, within the Territorial Limit and in connection with the business specified in the Policy Schedule, in accordance with the terms of this Policy. If specified in the Policy Schedule for above mentioned Covered Losses, a) “Personal Injury”, b) “Property Loss” and c) “Financial Loss”, indemnity under this Insuring Clause shall be available for any legal liability to pay to a third party without the same being evidenced by a Contract with such third party.
INSURING CLAUSE. Whereas the company, partnership or firm as stated in Item 1 of the Schedule (the “Named Insured”) has made to Underwriters a Proposal, a copy of which is attached hereto, which is hereby agreed to be the basis of this Policy, We, the Underwriters, in consideration of the payment of the Premium stated in Item 8 of the Schedule, agree, subject to all the terms and conditions of this Policy, to indemnify the Insured against all sums which the Insured shall become legally liable to pay as damages and claimants’ costs, fees and expenses as a result of any claim first made against the Insured and notified to Underwriters during the Period of Insurance stated in Item 3 of the Schedule arising out of any negligent act, negligent error or negligent omission by the Insured or any negligent act, negligent error or negligent omission by others for whom the Insured is legally liable, in or about the conduct of the Named Insured's professional business as stated in the Proposal.
