Excess Coverage. If at the time of any claim arising under this Policy there is any other valid and collectible insurance covering all or part of the same loss, this Policy will apply only to the amount of any loss in excess of that recoverable under the other insurance. The amount of any claim, including the amount of any deductible, paid under such other insurance will not be deemed to have been paid under this Policy for the purpose of determining INSURERS Limit of Liability under this Policy, but will be deemed to have been paid in respect of the Deductible (if any) under this Policy. Further surplus and/or excess insurance beyond the Limits of Liability expressed in this Policy is permitted. This insurance shall be governed by R.O.C. (Republic of China) Law unless any other legal code shall be mutually agreed between The Insured and INSURERS as more appropriate. Each party agrees to submit to the jurisdiction of Taipei District Court, R.O.C. and will comply with all requirements necessary to give such court jurisdiction. All matters arising thereunder shall be determined in accordance with the Law and practice of such court. Service of process in such suit in a territory outside R.O.C. may be made upon the accredited representative of INSURERS in that territory, who is duly authorised to accept service of process on behalf of INSURERS of this Policy. It is further agreed that INSURERS will abide by the final decision of such court or of any appellate court in the event of an Appeal.
