Page 196 - Brook-Hollow Due Diligence Package

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P Policy no: MN1495102019 P Policy no: MN1495102019
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Extension 2.3 PREMIUM: USD 22,850
Incomplete Transactions Not Covered

Extension 2.4 PREMIUM PAYMENT
TERMS: 60 day Premium Payment Clause LSW3000 as attached
Stop Payment Order Not Covered

Extension 2.5 TAX(ES) PAYABLE
BY THE INSURED (and
Cash Letter Covered administered by
Insurer(s)): 3% Government Levy
Extension 2.6 2% Insurance Compensation Fund (ICF) Levy
Identity Fraud Not Covered

Extension 2.7
RECORDING,
Fees/Cost/Expenses Covered TRANSMITTING &
STORING
Extension 2.8 INFORMATION: Besso Limited, 8-11 Crescent, London EC3N 2LY, United Kingdom,
Maintains risk and claim data/information/documents and may hold
New Facilities Covered
data/information/documents electronically
Extension 2.9

New Subsidiaries Covered
INSURER
Extension 2.10 CONTRACT
DOCUMENTATION: This document details the contract terms entered into by the insurer(s)
Discovery Period Covered and constitutes the contract document - no further contractual
documentation to be issued.
UNDERLYING POLICY
NUMBERS: 0595/MN149500/2019
CONTRACT CHANGE
DOCUMENTATION: The contract change document(s) signed by insurers shall form the
TERRITORIAL evidence of the changes agreed.
LIMITS: Worldwide INFORMATION: The following information was provided to Insurers to support the
assessment of the risk at the time of underwriting:
POLICY
JURISDICTION: As described in the policy wording Proposal Forms signed and dated 10 October 2019 seen and noted by
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the Insurers hereon.
NOTICE OF
CANCELLATION
CONDITIONS: Wording: LSW 055 as attached PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in
All conditions as per underlying policy and additional conditions as accordance with the provisions of the contract, then:
follows:
(1) 60 day Premium Payment Clause LSW3000 as To the extent provided by the contract, the Slip Leader is authorised to
attached issue such notice on behalf of all participating (re)insurers; and
(2) Proposal form dated 10 October 2019 (optionally)
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(3) Sanctions Clause LMA3100 , as attached
Any (re)insurer may issue such notice in respect of its own participation.
CHOICE OF LAW
& JURISDICTION: The content and format of any such notice should be in accordance with
(DISPUTES) Disputes Clause the ‘Notice of Cancellation’ standard, as published by the London Market
The proper and exclusive law of this Insurance shall be Irish law. Any Group (LMG), or their successor body, on behalf of London Market
disputes between the Assured and Underwriters arising under or in Associations and participants. However failure to comply with this
connection with this Insurance policy shall be subject to the exclusive standard will not affect the validity of the notice given.
jurisdiction of the Irish Courts.

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Besso Limited. A Subsidiary Of Besso Insurance Group Limited Besso Limited. A Subsidiary Of Besso Insurance Group Limited
8 -11 Crescent, London EC3N 2LY 8 -11 Crescent, London EC3N 2LY
Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159 Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159
Registered in England Number 00910680 Registered in England Number 00910680
www.besso.co.uk www.besso.co.uk