Page 100 - Policy Wording - Hollard Business Binder (2020-08-26)

Directors' and Officers' Liability
2.5 Excluded risks
Administrators and trustees
Airlines and airports
Acts of terrorism, organisations or relations
Asbestos related operations
Bio-technology plants and operations
Bodily injury
Business occupation – no changes during the past 12 (twelve) months
Claims – no current claims or which the insured may be aware of
Director against director
Financial institutions, banks, fund managers, any form of trust, private equity funds, savings plans, corporate financial advisors, insurance companies, credit unions, stock exchanges, etc.
Fines and penalties
Gas and oil operations and plants
Illegal and improper conduct
Loss or damage prior to inception of cover
Incorrect payment of commission
Investigations – none of the directors/officers or the company was under regulatory investigation or is under currently under investigation
Mining
Officer against officer
Oil and gas operations and plants
Pharmaceuticals
Pollution
Professional Indemnity – any cover relating thereto
Property damage
Sanctions exclusion – any insured within the description
Shareholding – any member holding more than 25% shares in the company Shares – incorrect placement
Insolvent companies
Telecommunications operations
Tobacco plants and operations
Trustees and administrators
USA and Canada
2.6 Basic information required to issue cover
2.6.1 Full name of the business entity, partnership, Ltd or (Pty) Ltd
2.6.2 Physical address
2.6.3 Nature of the business, full description of activities
2.6.4 Company registration number
2.6.5 VAT number
2.6.6 Inception date of cover
2.6.7 Have any changes taken place during the past 12 (twelve) months to the business?
2.6.8 Is the company currently solvent?
2.6.9 Has the company been operating in RSA for the past 2 (two) years and domiciled in RSA?
2.6.10 Is the company listed on the stock exchange?
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 99