Common use of Sanction Limitation and Exclusion Clause Clause in Contracts

Sanction Limitation and Exclusion Clause. No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade and economic sanctions, laws or regulation of the European Union, United Kingdom or United States of America. LMA 3100 IMPORTANT NOTICE REGARDING THE PATIENT PROTECTION AND AFFORDABLE CARE ACT: This insurance is not subject to, and does not provide certain of the insurance benefits required by the United States Patient Protection and Affordable Care Act (ACA). This insurance does not provide and insurers may not intend to provide minimum essential coverage under ACA. In no event will benefits be provided in excess of those specified in the policy documents. This insurance is not subject to guaranteed issuance or renewability other than as specified in the policy. ACA requires certain US citizens and US residents to obtain ACA compliant health insurance coverage. In some circumstances penalties may be imposed on persons who do not maintain ACA compliant coverage. You should consult your attorney or tax professional to determine if ACA's requirements are applicable to you. Should the coverage provided under this plan be altered by the insurer and subsequently be deemed to be exempt from the requirements of ACA we will notify you immediately. GEOGRAPHICAL AREA OF COVERAGE Canada only Coverage is also available within the United States up to a maximum of thirty (30) days (in the aggregate) per Policy Year. Coverage outside of Canada and the United States is available worldwide up to a maximum of ninety (90) days (in the aggregate) per Policy Year.

Sanction Limitation and Exclusion Clause. No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade and economic sanctions, laws or regulation of the European Union, United Kingdom or United States of America. LMA 3100 IMPORTANT NOTICE REGARDING THE PATIENT PROTECTION AND AFFORDABLE CARE ACT: This insurance is not subject to, and does not provide certain of the insurance benefits required by the United States Patient Protection and Affordable Care Act (ACA). This insurance does not provide and insurers may not intend to provide minimum essential coverage under ACA. In no event will benefits be provided in excess of those specified in the policy documents. This insurance is not subject to guaranteed issuance or renewability other than as specified in the policy. ACA requires certain US citizens and US residents to obtain ACA compliant health insurance coverage. In some circumstances circumstance’s penalties may be imposed on persons who do not maintain ACA compliant coverage. You should consult your attorney or tax professional to determine if ACA's requirements are applicable to you. Should the coverage provided under this plan be altered by the insurer and subsequently be deemed to be exempt from the requirements of ACA we will notify you immediately. GEOGRAPHICAL AREA ZONE OF COVERAGE Canada only Coverage is also available within COVERAGE: Worldwide* *Worldwide: as applicable to the United States up to a maximum Geographical Area of thirty (30) days (Coverage, Worldwide comprises all countries throughout the world. EFFECTIVE DATE AND POLICY TERM This policy takes effect at 12:00 a.m., local standard time on the date stated in the aggregate) per Policy Yearapplication for coverage or the date coverage is approved by the Insurer and from which date all insurance months shall be calculated. It continues in force for the period for which premium has been paid. Coverage outside may be renewed subject to approval by the Insurer for further consecutive terms, not exceeding twelve (12) months, on payment of Canada premium at the rate and the United States is available worldwide up to a maximum of ninety (90) days (in the aggregate) per Policy Yearamount determined at the time of renewal by the Insurer.