Page 178 - Liability Insurance IC74

The Insurance Times

pollution or contamination of any kind, provided,
however, that Underwriters shall pay on behalf of
the Directors and Officers Costs and Expenses
incurred in any investigation, examination, enquiry,
court of law or other proceedings ordered or
commissioned by any official body within UK,
Northern Ireland, the Isle of Man or the Channel
Islands in respect of any Wrongful Act, up to the
specified limit, and not in addition to, the Limit of
Aggregate Liability.

(e) brought about by dishonesty, fraud or malicious
conduct of the Directors and Officers. However,
the Underwriters shall be the costs and expenses
incurred in successfully defending proceedings
brought in respect of such Wrongful Act, on behalf
of the Directors and Officers.

(f) brought about by any Director or Officer gaining
any profit or advantage or receiving any
remuneration to which he/she is not legally entitled.

(g) made by any third party based upon breach of any
professional duty owed to such third-party.

(h) brought about by any circumstances existing prior
to, or at the inception date of this policy and which
the Directors or Officers or the Company knew or
reasonably would have known.

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