Page 8 - Policy Wording - Hollard Business Binder (2020-08-26)
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General Underwriting Principles
14. TERRITORIAL LIMITS – UNDERWRITING ACROSS BORDERS
14.1 The territorial limits are defined by treaty.
14.2 We should not underwrite across borders due to the local conditions, jurisdiction, legislation and arbitration processes.
14.3 To protect the local insurance market, most countries have legislation in place that prevents insurers from outside the country insuring their local assets.
14.4 The Hollard Motor policy makes provision for incidental visits across the border only.
14.5 Upon advice of across border activity, the underwriter may issue the Riot & Strike optional extension if requested.
14.6 Countries within our agreed territorial limits are: Lesotho, Swaziland, Namibia, Botswana, Zimbabwe, Malawi, Zambia and Mozambique.
Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020 7
