INSURANCE INDEMNITY PAYMENT PROCEDURE. 11.1. Upon occurrence of an insured event the Insurer shall pay the indemnity claim in line with the terms and conditions defined by the Contract, by the Rules and with documents provided to the Insurer within the Sum Insured specified for the IP and the relevant liability limits established by the Contract. For the purposes of this Contract the «liability limit» shall mean the maximum amount of indemnity payments to be made by the Insurer under the Insurance Contract upon occurrence of a relevant insured event (an event having the features of the insured one). After the Insurer pays the indemnity related to the IP's health impairment (p. 4.2.1 hereof) which health condition necessitates immediate first aid in the form of emergency 24-hour inpatient care, the liability limit hereunder related to the health impairment of the IP shall be deemed exhausted (equal to zero). If in p. 5.1.1 of the Contract neither Option is marked «YES», nor marked «YES» or «NO», or «According to Annex No. 1», or both options are selected, the Insurance Contract shall regarded as concluded with Option 1 selected. The Insurer reserves the right to recognize the Contract as concluded with another Option selected if the actual amount of insurance premium paid under the Contract corresponds to the product of mul- tiplication of the sum insured (for all IPs under the Contract) under another Option by the amount of the insurance tariff under the Contract.
