Common use of Liberalization Clause for Claims in Foreign Jurisdictions Clause in Contracts

Liberalization Clause for Claims in Foreign Jurisdictions. If permitted by applicable law, when determining coverage under this Policy for Loss from that portion of any Claim maintained in a Foreign Jurisdiction or to which the law of a Foreign Jurisdiction is applied, the Insurer shall apply to such Claim the terms and conditions of this Policy, as amended to include the terms and conditions of the Foreign Policy in such Foreign Jurisdiction that are more favorable to Insureds in the Foreign Jurisdiction. However, this subsection shall not apply to: (i) any provision of any Foreign Policy addressing limits of liability, retentions, other insurance, non-renewal, duty to defend, defense within or without limits, taxes, conformance to law or excess liability coverage, or any claims made provisions, and (ii) any provision in this Policy that excludes or limits coverage for specific events or litigation.

Appears in 1 contract

Samples: Insurance Policy

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Liberalization Clause for Claims in Foreign Jurisdictions. If permitted by applicable law, when determining coverage under this Policy for Loss from that portion of any Claim maintained in a Foreign Jurisdiction or to which the law of a Foreign Jurisdiction is applied, the Insurer shall apply to such Claim the terms and conditions of this Policy, as amended to include the terms and conditions of the Foreign Policy in such Foreign Jurisdiction that are more favorable to Insureds in the Foreign Jurisdiction. However, this subsection paragraph shall not apply to: (i) any provision of any Foreign Policy addressing limits of liability, retentions, other insurance, non-renewalnon-­‐renewal, duty to defend, defense within or without limits, taxes, conformance to law or excess liability coverage, or any claims made provisions, and (ii) any provision in this Policy that excludes or limits coverage for specific events or litigation.

Appears in 1 contract

Samples: Directors & Officers Liability Insurance Policy

Liberalization Clause for Claims in Foreign Jurisdictions. If permitted by applicable law, when determining coverage under this Policy for Loss from that portion of any Claim maintained in a Foreign Jurisdiction or to which the law of a Foreign Jurisdiction is applied, the Insurer shall apply to such Claim the terms and conditions of this Policy, as amended to include the terms and conditions of the Foreign Policy in such Foreign Jurisdiction that are more favorable to Insureds in the Foreign Jurisdiction. However, this subsection paragraph shall not apply to: (i) any provision of any Foreign Policy addressing limits of liability, retentions, other insurance, non-renewal, duty to defend, defense within or without limits, taxes, conformance to law or excess liability coverage, or any claims made provisions, and (ii) any provision in this Policy that excludes or limits coverage for specific events or litigation.

Appears in 1 contract

Samples: Fiduciary Liability Insurance Policy

Liberalization Clause for Claims in Foreign Jurisdictions. If permitted by applicable law, when determining coverage under this Policy for Loss from that portion of any Claim maintained in a Foreign Jurisdiction or to which the law of a Foreign Jurisdiction is applied, the Insurer shall apply to such Claim the terms and conditions of this Policy, as amended to include the terms and conditions of the Foreign Policy in such Foreign Jurisdiction that are more favorable to Insureds Insured Persons in the Foreign Jurisdiction. However, this subsection paragraph shall not apply to: (i) any provision of any Foreign Policy addressing limits of liability, retentions, other insurance, non-renewal, duty to defend, defense within or without limits, taxes, conformance to law or excess liability coverage, or any claims made provisions, and (ii) any provision in this Policy that excludes or limits coverage for specific events or litigation, and (iii) any provision of any Foreign Policy that affords coverage for any claim against the Company or any amount the Company or another entity indemnifies, advances or pays on behalf of an Insured Person.

Appears in 1 contract

Samples: Directors & Officers Liability Policy

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Liberalization Clause for Claims in Foreign Jurisdictions. If permitted by applicable law, when determining coverage under this Policy for Loss from that portion of any Claim maintained in a Foreign Jurisdiction or to which the law of a Foreign Jurisdiction is applied, the Insurer shall apply to such Claim the terms and conditions of this Policy, as amended to include the terms and conditions of the Foreign Policy in such Foreign Jurisdiction that are more favorable to Insureds in the Foreign Jurisdiction. However, this subsection shall not apply to: (i) any provision of any Foreign Policy addressing limits of liability, retentions, other insurance, non-renewal, duty to defend, defense within or without limits, taxes, conformance to law or excess liability coverage, or any claims made provisions, ; and (ii) any provision in this Policy that excludes or limits coverage for specific events or litigation.

Appears in 1 contract

Samples: Employment Practices Liability Policy

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