Common use of SEVERAL LIABILITY CLAUSE Clause in Contracts

SEVERAL LIABILITY CLAUSE. LMA 5096 PLEASE NOTE – This notice contains important information. PLEASE READ CAREFULLY The liability of an insurer under this contract is several and not joint with other insurers party to this contract. An insurer is liable only for the proportion of liability it has underwritten. An insurer is not jointly liable for the proportion of liability underwritten by any other insurer. Nor is an insurer otherwise responsible for any liability of any other insurer that may underwrite this contract. The proportion of liability under this contract underwritten by an insurer (or, in the case of a Lloyd’s syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown in this contract. In the case of a Lloyd’s syndicate, each member of the syndicate (rather than the syndicate itself) is an insurer. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other member’s proportion. Nor is any member otherwise responsible for any liability of any other insurer that may underwrite this contract. The business address of each member is Lloyd’s, Xxx Xxxx Xxxxxx, Xxxxxx XX0X 0XX. The identity of each member of a Lloyd’s syndicate and their respective proportion may be obtained by writing to Market Services, Lloyd’s, at the above address. Although reference is made at various points in this clause to “this contract” in the singular, where the circumstances so require this should be read as a reference to contracts in the plural.

SEVERAL LIABILITY CLAUSE. LMA 5096 PLEASE NOTE – This notice contains important information. PLEASE READ CAREFULLY The liability of an insurer under this contract is several and not joint with other insurers party to this contract. An insurer is liable only for the proportion of liability it has underwritten. An insurer is not jointly liable for the proportion of liability underwritten by any other insurer. Nor is an insurer otherwise responsible for any liability of any other insurer that may underwrite this contract. The proportion of liability under this contract underwritten by an insurer (or, in the case of a Lloyd’s syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown in this contract. In the case of a Lloyd’s syndicate, each member of the syndicate (rather than the syndicate itself) is an insurer. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other member’s proportion. Nor is any member otherwise responsible for any liability of any other insurer that may underwrite this contract. The business address You or Your representative can obtain further details of the syndicate numbers and the proportions of this insurance for which each member is Lloyd’s, Xxx Xxxx Xxxxxx, Xxxxxx XX0X 0XX. The identity of each member of a the Underwriters at Lloyd’s syndicate and their respective proportion may be obtained or HDI is liable by writing to Market Services, Lloyd’s, at the above addressrequesting them from Axis. Although reference is made at various points in this clause to “this contract” in the singular, where the circumstances so require this should be read as a reference to contracts in the plural.. GENERAL INSURANCE CODE OF PRACTICE This Certificate is Insurance Council of Australia’s General Insurance Code of Practice compliant, apart from any claims adjusted outside Australia. The Insurers proudly support the General Insurance Code of Practice. The purpose of the Code is to raise standards and service in the general insurance industry. DISPUTE RESOLUTION PROCESS Any enquiry or complaint relating to this insurance should be referred to Axis in the first instance. If Axis require additional information, Axis will contact You to discuss. If Your complaint is not immediately resolved Axis will respond within fifteen (15) business days of receipt of Your complaint or agree a reasonable appropriate timeframe to respond. If this does not resolve the matter or You are not satisfied with the way a complaint has been dealt with, You should write to: Lloyd’s Underwriters’ General Representative in Australia Level 9, 0 X’Xxxxxxx Xxxxxx, Sydney, NSW 2000 Telephone: (00) 0000 0000 Facsimile: (00) 0000 0000 who will respond to Your complaint within fifteen (15) business days, unless an alternative timetable has been agreed with You. If We are unable to resolve Your complaint within forty-five (45) business days of the date We first received Your complaint or if Your complaint has not been resolved to Your satisfaction, You can lodge Your complaint with the Australian Financial Complaints Authority (‘AFCA’) depending on eligibility related to Your Policy. AFCA provides fair and independent financial services complaint resolution that is free to consumers and small businesses. You can contact AFCA by: Website: xxx.xxxx.xxx.xx Email: xxxx@xxxx.xxx.xx Telephone: 0000 000 000 (free call) In Writing: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001 SERVICE OF SUIT The Insurers accepting this insurance agree that;