公众责任保险条款英文

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ChinaPacificPropertyInsuranceCo・,Ltd・

PublicLiabilityInsuranceClauses

GeneralProvisions

ProvisionIThisInsuraneeContract(hereinafterreferredtoas"Contract”)consistsofInsuraneeClauses,InsuraneeApplieation,InsuraneePolicyorotherCertificatesofInsuraneeaswellassuchotherinsuraneeapplieationdoeuments,statements,comments,affixedendorsementsorotherwrittendoeumentsasrelatedhereto.Anyandallsucharrangementsasinvolvedhereundershallbemadeinwriting.

ProvisionIIAnyandallgovernmentalageneies,enterpriseandpublicinstitutions,socialgroups,individualeconomieorganizationsandotherlegallyestablishedorganizationswithintheterritoryofthePeople'sRepublicofChina(exclusiveofHKSAR,MacaoSARandTaiwan,thesameappliesbelow)aredeemedtobequalifiedenoughtobetheInsuredhereunder.

Insurancecoverage

ProvisionHIDuringtheinsuraneeperiodandwithinsuchscopeofareasasspecifiedherein,incaseofanyincidentasaresultoftheInsured'snegligeneeduringthecourseofitsrunninganybusinessactivitiesoritsownbusiness,whichincidenthascausedthird-partypersonalinjuriesand/orpropertydamagesandthesufferer(s)raises/raiseclaimsthefirsttimeeverduringtheinsuraneeperiod,theInsurershallundertaketopaytheindemnificationshereunderagainstanysuchindemnificationliabilityastobebornebytheInsuredinaccordaneewiththelawsofthePeople'sRepublicofChina(exclusivethelawsofHKSAR,MacaoSARandTaiwan,thesameappliesbelow).

ProvisionIVIntheeventofanyinsuredaccident,asaresultofwhicheitherarbitrationorlitigationhasbeenraisedagainsttheInsured,theInsurershallalsotakesuchliabilityastomakeindemnificationshereunderagainstanysucharbitrationorlitigationexpensesasimposedontheInsuredaswellasthoseothernecessaryandreasonablefees(hereinafterreferredtoas"LegalFees”)，whichshallbepaidbytheInsurerasperthepriorwrittenconsent.

Exclusions

ProvisionVInthecaseofanyofthefollowingcircumstances,theInsurershallnotundertaketopayanyindemnification:

Suchanimals,bicycles,cars,locomotives,vesselsofanykind,aircrafts,lifts,elevators,escalators,cranes,hoistsorotherliftingmachinerywhichbelongtoorareinthepossessionoftheInsuredorusedinitsname,butnotspecifiedintheScheduleofthisInsurancePolicy.

Suchproducts,goodsandcommoditiesassold,marketedand/orgrantedforfreebyeithertheInsuredoranyofitsemployeesandrepresentatives;

Defectivesanitaryinstallationsorpoisoningofanykindoranyuncleanor

harmfulfoodordrink;

AnyclaimsarisingfromtheengagementoftheInsuredoranyofitsemployeesinsuchperformancesasadoctor,attorney-at-laworaccountantetc.,whicharecategorizedasofthespecialprofessionsbynature.

TheengagementoftheInsuredinanyconstruction,installationand/ordecorationprojects.

ProvisionVITheInsurershallnotundertaketopayanyindemnificationforanyclaimsagainstsuchlossesanddamagesasaresultof:

Anysuchwillfulorgravemisconducts,criminalactivitiesorgrossnegligenceascommittedbytheInsuredoranyofitsemployeesand/orrepresentatives;

Wars,hostileactions,militaryactions,armedconflicts,terrorismactivities,strikes,riotsand/orcivildisturbances;

Administrativeand/orjudicialacts;

Naturaldisasters;

Fire,explosion,fumes;

Nuclearreaction,nuclearradiation,nuclearexplosionand/orotherradioactivecontaminations;

Air/land/waterpollutionsandothernon-radioactivecontaminations;

(VIII)AnyengagementoftheInsured,anyofitsemployeesoranyotherpersonintheInsured'snameinsuchrelevantworkasappearingtobeoutsidetheacknowledgedbusinessand/orobligatoryscopes.

(IX)Anyaccesstoand/oruseoftheasbestos,asbestosproductsand/orothersubstancescontainingasbestos・

ProvisionVIITheInsurershallnotundertaketopayanyindemnificationforanyclaimsagainstsuchlossesanddamagesasaresultof:

ThepersonalinjuriesoftheInsuredoranyofitsemployeesand/orrepresentatives;

Damage/lossofthepropertywhichbelongtoorareinthechargeoforunderthecontroloftheInsuredoranyofitsemployeesand/orrepresentatives;

Damage/lossofanyarticlesorlandorpremisesorotherbuildingswhichhavebeenusingoroccupyingbytheInsuredoranyofitsemployeesand/orrepresentativesupontherequirementsofbusinessoperationorperformanceofobligations;

ThepersonalinjuriesandpropertydamagesofanypersonwhoprovideservicetotheInsured.

AnysuchpersonalinjuriesandpropertydamagesassufferedbytheclientasaresultofanyengagementoftheInsuredoranyofitsemployeesand/orrepresentativesinsuchassignmentsasprocessing,repairing,modificationsoralternativelyasacontractor;

Fines,penaltiesorpunitivedamages;

AnysuchindemnificationliabilitythatshouldbebornebytheInsuredinaccordancewiththecontractoragreement(exclusiveoftheindemnificationliabilitythatshouldbebornebytheInsuredevenwithoutsuchcontractoragreement);

(VIII)ThedeductiblesstipulatedintheInsurancePolicytobebornebytheInsured・

ProvisionVIIITheInsurershallnotundertaketopayanyindemnificationincaseofanyandallsuchotherlosses,damages,costsandexpensesasuncoveredbytheinsuranceliability.

PeriodofInsurance

ProvisionIXTheinsuraneeperiodofthiscontractisoneyearfrom0:00ofthestartingdateofinsuranceliabilityto24:00oftheexpirydateofinsuranceliabilityasspecifiedintheInsurancePolicy.

LimitsofIndemnityandDeductibles

ProvisionXTheLimitsofIndemnityhereunderincludeLimitofIndemnityforAnyOneAccidentandAccumulatedLimitofIndemnityoftheInsurancePolicy.Inaddition,theLimitsofIndemnitycanbecalculatedaccordingtootherspecificmethodasagreed.EachLimitofIndemnityshallbedecideduponagreementbetweentheApplicantandtheInsurerandspecifiedintheInsurancePolicy.

ProvisionXIDeductibleforAnyOneAccidentshallbedecideduponagreementbetweentheInsuredandtheInsurerandspecifiedintheInsurancePolicy.

ObligationsoftheInsurer

ProvisionXIITheInsurershallissueinsurancepolicyorothercertificatesofinsurancetotheInsuredinatimelymannerupontheexecutionofthiscontract.

ProvisionXIIITheInsurershallmakeverificationsinatimelymanneruponreceiptoftheInsured'sclaims.FurtherverificationsmaybetakenbytheInsurerasreasonablynecessarytodealwiththecomplicatedsituations.AndsuchvariouswaysofmakingcompensationsassetforthwhenapplyingfortheinsuranceshallbeperformedbytheInsurerseriously.

TheInsurershallkeeptheInsuredinformedoftheverificationresult,withthecompensationobligationtobefulfilledwithineithertendaysfollowingtheconclusionofaninsurancecompensationagreementwiththeinsuredorsuchanalternativecompensationperiodassetforthintheContract.

ProvisionXIVTheInsurershallhavetheApplicantandtheInsurednotifiedcollectivelyandinatimelymannerasofanymissingand/orincompleteclaimevidencesandmaterials,whichshouldhavebeensubmittedbytheInsuredhereunder.

ProvisionXVTheInsurershallpayinadvaneetheamountthatcanbedeterminedbytheexistingevidencesormaterialsifthecompensationamountcannotbedeterminedwithin60daysuponthedateofreceivingthenoticeofclaimandrelatedevidencesandmaterials.ThedifferencesshallbemadeupforaftertheInsurerfinallydeterminesthecompensationamount.

ObligationsoftheApplicantandtheInsured

ProvisionXVIUponestablishmenthereof,theApplicantshallbeobligedtoprovidingthefaithfuldatawhencompletingtheInsuraneeApplicationandclarifyingsuchrelevantinquiriesasraisedbytheInsurer.

IftheApplicantconcealsfactsdeliberatelyorfailstoperformthedutyofdisclosureduetogrossnegligeneethatwouldbeenoughtoaffecttheInsurerfrommakingthedecisionofwhetherornottoagreetoaccepttheinsuranceortoraisethepremiumrate,theInsurerhastherighttoterminatethecontract.

IftheApplicantdeliberatelyrefusestoperformthedutyofdisclosure,theInsurershallnotundertaketopayindemnityorinsurancemoneyforinsuredaccidentthatoccursbeforethecontractisterminatedandshallnotreturntheinsurancepremium・

IftheApplicantfailstoperformthedutyofdisclosureduetogrossnegligence,therebyseriouslyaffectingtheoccurrenceofinsuredaccident,theInsurershallnotundertaketopayindemnityorinsurancemoneyfortheinsuredaccidentthatoccursbeforethecontractisterminatedbutshallreturntheinsurancepremium・

TheInsurershallnotcancelthisContractifit'sbeenaware,uponestablishmenthereof,ofanysuchconditionsasnothavingbeenfaithfullydisclosedbytheApplicant;intheeventofanyinsuredaccident,theInsurershallundertaketopayeitherindemnityorinsurance

money.

ProvisionXVIITheApplicantshallpaytheinsurancepremiumaccordingtothecontract.TheApplicantshallpayinalumpsumbeforethecontracttakeseffectifthecontractprovidesforlump-sumpremiumorthereisnostipulationaboutthemethodandtimeofpayment,andshallpaythefirstinstallmentintimeifthecontractprovidesforregularpremium.TheInsurershallnotbeliableforanyinsuranceliabilityuntilthepremiumismadeasrequiredbythisparagraph.

InfailureoftheApplicanttoeitherpaythepremiumintimeorinfull,orpaythesecondinstallmentofpremiumsoranyinstallmentthereafter,theInsurershall,startingfromthedateofsuchdefault,beentitledtoterminatethisContractandfurthertochargebackbothsuchaccumulatedpremiumplusinterestasofsuchperiodforwhichtheInsurerhasundertakentheinsuranceliability,withthisContracttobecancelleduponnoticeofcancellationtotheApplicant,provided,however,theInsurershallundertaketheinsurance

liabilityforanysuchinsuredaccidentashavingoccurredpriortothecancellationhereofprorataasperthepercentageofthepaidpremiuminthetotalamountofpremiumspecifiedintheInsuraneePolicy.

ProvisionXVIIIWithintheTermofthiscontract,theInsuredshallnotifytheInsurerofanyincreasedlevelofdangeroftheinsurancesubjectinwritingtimely,andtheInsurershallhavetherighttoeitherchargehigherpremiumorcancelthisContractdependingonthespecificsituation.

TheInsurershallnotundertaketopayanyindemnificationincaseofanysuchinsuredaccidentasincurredbythefailureoftheInsuredtogiveanynoticeandapparentlyincreasedlevelofdanger.

ProvisionXIXTheInsuredshallpreventanysuchincidentsfromtakingplacebyremaininginstrictconformitywiththesafetyadministrativeregulationsasofboththeStateandindustriallevelsandshallseriouslyimplementsuchdemandsandproposalsraisedbythecompetentadministrativeauthoritiesortheInsureragainstpotentialdangersandincidents.

IftheInsuredfailstofulfilltheaboveobligation,theInsurershallhavetherighttoeitherchargehigherpremiumorcancelthisContract.TheInsurershallbeentitledtorefusetomakeanyindemnificationintheeventofanyinsuredaccidenthenceincurred.TheInsurershallbefurtherentitledtorefusetomakeanyindemnificationforanysuchexpandedpartoftheindemnificationliabilityhenceincurred.

ProvisionXXUponreceiptofaclaimnoticefromathirdparty,theInsuredshal：

Trytotakenecessaryandreasonablemeasurestopreventandmitigatethelosses.Otherwise,theInsurershallnotundertaketopayanyindemnificationfortheexpandedlosseshenceincurred;

NotifytheInsurerinnodelayandmakeavailablesuchwrittenstatementsastoclarifythecause(s)oftheaccident,whathashappenedandthelosseshenceincurred.TheInsurershallnotundertaketopayanyindemnificationforanysuchundeterminablepartoftheinsuredaccidentasofwhichthenature,causesandlossesetc.canhardlybedeterminedduetoeitherwillfulreluctanceorfailureoftheInsuredtogivesuchnoticeinatimelymannerthoughinabsenceofanymaterialmisconduct,unless,however,theInsurerhasotherwisepromptlyknown,orshallhavepromptlyknown,oftheoccurrenceofsuchinsuredaccident;

Keeptheaccidentsceneorrelevantrecordsunderproperprotectionandallowthe

Insurertoconductinvestigationsandprovideassistance.TheInsurershallnotundertaketopayanyindemnificationforanysuchundeterminableorunverifiablepartoftheinsuredaccidentasofwhichthecausescanhardlybedeterminedandthelossescanhardlybeverifiedduetosuchfactasthattheInsureriseithernotallowedtoconduct,orpreventedfromconducting,anyinvestigation.

ProvisionXXITheInsuredshall,uponlearningofanysuchlitigationorarbitrationastoprobablyoccur,keeptheInsurerforthwithnotifiedthereofinwriting.Uponreceiptofany

summonsorotherlegaldocumentsasservedbyacourt,theInsuredshallhavethecopiesthereofsubmittedtotheInsurer.TheInsurershallhavetherighttodealwithsuchissuesasrelatedtothelitigationorarbitrationinthenameoftheInsured,inwhichcasetheInsuredshallfurnishtherelevantdocumentsandassistaneeasnecessary.

TheInsurershallnotundertaketopayanyindemnificationincaseofanysuchlossesanddamagesasexpandedduetofailureoftheInsuredtofurnishtheabove-mentionednoticeorothernecessaryassistance・

ProvisionXXIIIntheeventofanyinsuredaccident,withouttheInsurer'swrittenconsent,nosuchcommitment,rejection,offer,arrangement,paymentsettlementand/orcompensationetc.asmadebytheInsuredtothevictimandanyotherpersonactingonhis/herbehalfshallhaveanybindingforceontheInsurer.TheInsurershallhavetherighttore-verifyanysuchamountofindemnityasacknowledgedorpaidbytheInsuredatitssolediscretion・AndtheInsurershallnotundertaketopayanyindemnificationforanyclaimeitheroutsidethescopeofinsurancehereunderorexceedingtheLimitsofIndemnityhereunder.TheInsurershall,duringthecourseofhandlingclaims,havetherighttodealatitssolediscretionwithanysuchclaimingcasesthataresubjecttoitsultimateinsuranceliability,inwhichcasetheInsuredshallbeobligedtofurnishthenecessarydataandassistance.

ProvisionXXIIITheInsuredshallfurnishinatimelymanneranyandallclaim-relevantdataandcertificatestotheInsurerandshallensurethattheyarecompleteandtruthful.

TheInsurershallnotundertaketopayanyindemnificationforanysuchundeterminablepartoftheinsuredaccidentasofwhichtheinsuranceliabilityinwholeorinpartcanhardlybedeterminedduetofailureoftheInsuredtofulfilltheaboveobligation・

ProvisionXXIVWhenmakingaclaim,theInsuredshallnotifytheInsurerofanyotherinsurancecontractrelatedwiththeinsuranceliabilityunderthisContract.FortheoverpaidinsuranceproceedsduetofailureoftheInsuredtomakefaithfuldisclosures,theInsurershallhavetherighttochargebacksuchamountwhichshallbebornebytheInsurerofotherinsurancecontract.

ClaimHandling

ProvisionXXVWhenmakingaclaim,theInsuredshallprovidethedocumentsasfollows:

OriginalInsurancePolicyandCertificateofpremiumcollection;

ClaimApplication；

Claim-relevantdataasmadeavailablebysuchthird-partyoranyotherpersonactingonhis/herbehalftotheinsured；

Proofofaccidentprovidedbyrelevantdepartment;

Incaseofanythird-partypersonalinjuries,themedicalexpensereceipt,certificateof

diagnosisandmedicalrecord,whichhavebeenissuedbysuchmedicalinstitutionasofsecond-classanduporrecognizedbytheInsurer,shallbefurnishedinoriginal;incaseofanythird-partyinjuriesand/ordisabilities,acertificateofdisabilitydegree,whichhasbeenissuedbysuchmedicalinstitutionasqualifiedintermsofdisabilityevaluationinconformitywiththeapplicablelawsandlegalregulations,shallbefurnishedinaddition;incaseofathird-partydecease,acertificateofdeath,whichhasbeenissuedbyeitherthepublicsecurityorganormedicalinstitution,shallbefurnishedinaddition.

Incaseofanythird-partypropertylosses,anitemizedlistofpropertylossesandexpensesshallbefurnished;

Thevalidatedlegaldocuments,includingtheaward,courtdecisions,judgmentsandmediationsetc.

(VIII)OthernecessarycertificatesanddocumentsrelatedwiththeclaimprovidedbytheApplicantortheInsuredthatcanbeusedtoidentifythenature,causeandseriousnessoftheloss.

ProvisionXXVIIndemnitymadebytheInsurerforanyinsuredaccidentshallbesubjecttotheeconomiccompensationliabilityoftheInsureddecidedbyoneoffollowingways:

NegotiationbetweentheInsuredandthethirdpartyorotherclaimantswithconsentoftheInsurer;

Finalawardofarbitrationagency;

Finaljudgmentofthepeople'scourt;

OthersettlementapprovedbytheInsurer.

Aftertheeconomiccompensationliabilityisdecidedbyoneofabove-mentionedways,theactualamounttobeindemnifiedbytheInsurerforanyoneaccidentshallminustheDeductibleforAnyOneAccidentassetforthintheinsuraneepolicy,andthetotalamounttobeindemnifiedforanyoneaccidentshallnotexceedtheLimitofIndemnityforAnyOneAccidentassetforthintheinsuraneepolicy.

Duringtheinsuranceperiod,theaccumulatedamountofindemnitymadebytheInsurershallnotexceedtheaccumulatedLimitofIndemnity.

ProvisionXXVIIUniessasotherwisesetforthherein,suchlegalchargesastobeindemnifiedbytheInsurerforanyoneaccidentshallbeseparatelycalculatedapartfromtheamounttobeindemnifiedforthethird-partypersonalinjuriesandpropertylosses,withnosuchDeductibleforAnyOneAccidenttobedeductedfromtheindemnity,provided,however,thatthetotalamounttobeindemnifiedforanyoneaccidentshallnotexceedtheLimitofIndemnityforAnyOneAccidentassetforthherein.

WheretheInsured'scompensationliabilityinvolvesboththeinsuredanduninsuredaccidentsandit'simpossibletoclarifywhichaccidentshaveincurredthelegalcharges,thentheInsurershallpayindemnitytocoversuchlegalchargesprorataasperthepercentageoftheinsuranceindemnity(excludinglegalcharges)hereunderinthetotal

insuraneeindemnity(legalcharges)tobenecessarilybornebytheInsured.

ProvisionXXVIIITheInsurershallnotpaytheInsuredtheinsurancemoneysolongastheInsuredhasnotpaidanyindemnitytosuchthirdpartysufferingsuchcasualtiesasincurredbytheInsured.

ProvisionXXIXIntheeventofanyinsuredaccident,iftheInsuredhasaccesstomultipleindemnitiesforitslossesunderanyotherinsurancepoliciesbearingtheequalguarantees,theInsurershallbearsuchliabilityforindemnityprorataasperthepercentageoftheLimitofIndemnityhereunderinthetotalLimitofIndemnitybasedontheotherinsurancecontractsaswellasthisone.

TheInsurershallbearnoliabilityforanypaymentofsuchindemnificationsasconfirmedtobedulypayablebyanyotherInsurer.TheInsurershallhavetherighttochargebackanysuchamountofinsurancemoneyaspaidexcessivelyasaresultoffailureoftheInsuredtomakefaithfuldisclosures.

ProvisionXXXIntheeventofanysuchlossesasoccurredwithinthescopeofinsuranceliability,forwhich,however,therelevantresponsiblepartyshouldbeartheliabilityforindemnifications,theInsurershall,startingfromthedateofpaymentoftheinsurancemoneytotheInsured,exercisetherightofclaimingsuchrelevantresponsiblepartyonbehalfoftheInsuredandtotheextentaslimitedbytheactualamountofindemnitymade,inwhichcasetheInsuredshallfurnishthenecessarydocumentstotheInsurertogetherwithanyotherrelevantinformationtoitsknowledge.

ShouldtheInsuredhaveobtainedindemnificationsfromtherelevantresponsibleparty,theInsurermayhavesuchamountasequivalenttotheindemnitieshavingbeenobtainedbytheInsuredfromtherelevantresponsiblepartydeductedproratawhenpayingtheinsurancemoneyhereunder.

Intheeventofaninsuredaccident,theInsurershallbearnoliabilityforindemnificationiftheinsuredhaswaivedanyclaimagainsttherelevantresponsiblepartyevenbeforetheInsurerhasnotpaidanyinsurancemoney.OncetheInsurerhaspaidtheInsuredtheinsurancemoney,anysuchactiontakenbytheInsuredastohavewaivedanyclaimagainsttherelevantresponsiblepartywithouttheInsurer'sconsentshallbedeemednullandvoid.ThelnsurermayeitherdeductorrequestrefundingoftheequivalentamountofsuchinsurancemoneyintheeventoftheInsurer'sfailuretoexercisetheclaimingrightonbehalfoftheInsuredduetothelatter'swillfulreluctanceorgrossnegligence.

ProvisionXXXITheInsurershallnotbeliableforanyincreasedlosses,expensesorcompensationliabilityconcernedwiththeinsuredaccidentafterthecasehasbeenclosed;

Whereoneinsuredaccidentinvolvesseveralthirdparties,theInsurermaymakecompensationfirsttocertainthirdpartiesforwhomtheamountsofindemnificationhavebeendecidedbytheInsurerandtheInsured.Afterthecompensation,theInsurershallnotbeliableforanyincreasedindemnityrelatedwithsuchthirdparties.

ProvisionXXXIITheInsurershallpayinadvancetheamountthatcanbedeterminedby

theexistingevidencesormaterialsifthecompensationamountcannotbedeterminedwithin60daysuponthedateofreceivingthenoticeofclaimandrelatedevidencesandmaterials.ThedifferencesshallbemadeupforaftertheInsurerfinallydeterminesthecompensationamount.

ProvisionXXXIIITheInsuredshallhavea2-yearvalidlitigationtermtoraiseclaimstotheInsurerforinsuraneemoney,whichtermshallcommeneeasofthedatewhenithasknownorshouldhaveknownofanysuchinsuredaccidentasoccurred.

DisputeSettlementandApplicableLaw

ProvisionXXXIVAnydisputearisingfromtheperformaneeofthisContractshallbesolvedthroughconsultationbybothParties;incaseoffailureofconsultation,bothPartiesagreetoreferthedisputetoarbitrationagencyassetforthintheinsuraneepolicyforarbitration.IfnoarbitrationagencyisappointedbythebothPartiesintheinsuraneepolicyandnoarbitralagreementreachedafterwards,thebothPartiesmayopttoinstituteanactiontothePeople'sCourtofthePeople'sRepublicofChina.

ProvisionXXXVThelawsofthePeople'sRepublicofChinaareapplicabletoanydisputearisingfromthisContract.

AdditionalProvisions

ProvisionXXXVIUponestablishmenthereof,theApplicantmaydemandthisContractbecancelled,inwhichcasetheInsuredshallraiseawrittenapplicationtotheInsurer,andthisContractshallbeterminateduponreceiptofsuchwrittenapplicationbytheInsurer.

ProvisionXXXVIIUponestablishmenthereof,shouldtheInsurerdemandthisContractbecancelledaccordingtotheInsuraneeLawortheprovisionssetforthherein,thisContractshallbeterminatedupondeliveryofthenoticeofeontractcancellationtothelatestcorrespondenceaddressoftheApplicant,unlessasotherwisestipulatedbytheInsuraneeLaworsetforthherein.

ProvisionXXXVIIIShouldtheApplicantdemandtocancelthisContractbeforethecommencementdateofinsuraneeliabilityasspecifiedintheinsuraneepolicy,theApplicantshallbechargedbytheInsureranamountequivalentto5%ofthepremiumasofthehandlingfees,andtheInsurershallcausethepremiumcollectedtoberefundedtotheInsured.

ShouldthisContractbecancelledafterthecommencementdateofsuchinsuraneeliabilityasspecifiedintheinsuraneepolicy,theInsurershallhavetheunearnedpremiumrefundedtotheApplicantunlessasotherwisesetforthherein.

Shouldtherebeanyinsuredaccidentsleftunsettledhereunderuponcancellationhereof,theInsurermayhavetheunearnedpremiumrefundedtotheApplicantafterindemnificationsettlement.

Definitions

ProvisionXXXIXUniessasotherwisesetforthherein,thefollowingtermsasapplied

hereinshallbearsuchmeaningsasgivenbelow:

Anindividualeconomicorganizationreferstoanyoneofthoseindividualbusinessesinthepresenceofbusinesslicenseafterregistrationsatthelocalindustrialandcommercialadministrativeauthorities.

Otherlegallyestablishedorganizationsrefertoanysuchinstitutions,whichareestablishedinconformitywiththelegalregistrationproceduresandwhichperformactivitieswithinsuchscopeofbusinessasregistered.

AccidentreferstoanysucheventasunpredictableanduncontrollabletotheInsured,whichmaytakeplaceunexpectedlyandincurpropertylossesand/orpersonalinjuries.

AThirdPartyreferstoanyothernaturalperson,legalpersonorotherorganizationthantheInsuredanditsemployeesandrepresentatives.

TheInsured'srepresentativereferstoanysuchotherpersonororganization,who/whichperformssuchrelevantactivitie