Page 364 - Misc Ebook IC 78

The Insurance Times

to the insured, or in his care, custody or control.(b)
any wilful, malicious or unlawful act .(c) pursuit of
trade, business or profession or use of vehicles,
aircraft, watercraft, parachuting, hand gliding, hot
air ballooning or use of firearms. (e) legal costs of
any proceedings that result from any criminal or
illegal act. (f) insanity, the use of alcohol, drugs as
medically prescribed or drug addiction. (g) the supply
of goods or services. (h) any form of ownership or
occupation of land or buildings.

Q9. The Banker's Indemnity Insurance is subject
to some special features to contain claims
outgo. Write in detail about the application
of excess, operation of retroactive cover,
limitation on reinstatement or few
important exclusions available to such
covers.

Ans. (i) Excess - In the Banker's Indemnity Insurance,
the insured has to bear an excess in respect of each
and every loss. If the claim is under ' On Premises',

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