Page 255 - Liability Insurance IC74

Guide for Liability Insurance

capacity of Director or Officer of the Company but
only when and to the extent that the Company shall
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

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