Page 177 - Liability Insurance IC74

Guide for Liability Insurance

be quiet or permitted to indemnify the Directors or
Officers pursuant to the law, common or statutory,
or the Memorandum and Articles of Association.
This coverage is known as Company
Reimbursement Provision. It may also include
indemnification of the Directors and Officers by the
Company for any litigation in respect of the latter's
breach of duty in the conduct of the Company's
affairs if such an obligation is expressed in the
Company's Articles of Association or in an
agreement between the Company and the
concerned director or officer.

Exclusions: some important exclusions are as follows:
the Underwriters shall pay any loss arising from any
claim,
(a) where legal action or litigation is brought in a court

of law within the Excluded Territories stated in the
Schedule.

(b) to the extent that an indemnity or payment is
available from any source, other than this policy.

(c) for any actual or alleged bodily injury, sickness,
disease and death of any person or any actual or
alleged damage to, or destruction of intangible
property including loss of use.

(d) arising out of, any actual or alleged seepage,

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