nma 981 exposure clause

LLOYD'S AVIATION UNDERWRITERSASSOCIATION

Standard Policy Forms,Proposal Forms and

Clauses, Etc.

Included is a selection of Forms and Endorsements commonly used in the Aviation Market and reproduced by kind permission of Lloyd's Underwriters' Non- Marine Association Limited, the Institute of London Underwriters and certain Underwriters and Companies.

Part II

Fifth Edition, 1996Amended as at 2010

LLOYD'S LIME STREET, LONDON, EC3M 7DQ

Secretary: Telephone:I.S.Macfarlane 0171-327 4045

Fax:0171-327 4711

CONTENTS.......................................................................................................Page

48FLY00001 ARIEL ARIEL AIRPORT OWNERS AND OPERATORS LIABILITY INSURANCE POLICY...............................................4LSW 555B AVIATION HULL "WAR AND ALLIED PERILS" POLICY.............9LSW 617E KILN GEOGRAPHIC AREAS EXCLUSION CLAUSE.................13LSW 617F KILN GEOGRAPHIC AREAS EXCLUSION CLAUSE..........13LSW 3001 PREMIUM PAYMENT CLAUSE....................................................14LSW 3002 PREMIUM PROCESSING CLAUSE..............................................14LPO 344C AIRCRAFT SPARES WORDING..................................................15LPO 359B AIRLINE FREIGHT LEGAL LIABILITY AND ALL RISKS WORDING......................................................................................18LPO 417D AIRCRAFT AND AERIAL APPLICATION LIABILITY POLICY. . .21AIRCRAFT CONSEQUENTIAL LOSS POLICY...............................................28AMT 100 AIR MEET INSURANCE POLICY...................................................31CL 161 INSTITUTE REPLACEMENT CLAUSE..............................................36CL 252 INSTITUTE CARGO CLAUSES (A)....................................................37CL 255 INSTITUTE WAR CLAUSES (CARGO)..............................................41CL 256 INSTITUTE STRIKES CLAUSES (CARGO)........................................45CL 257 INSTITUTE WAR CLAUSES..............................................................49CL 258 INSTITUTE WAR CLAUSES (AIR CARGO)......................................51CL 259 INSTITUTE CARGO CLAUSES (AIR)................................................55CL 260 INSTITUTE STRIKES CLAUSES (AIR CARGO)...............................59CL 161 INSTITUTE REPLACEMENT CLAUSE.............................................62ACV 1 LLOYD'S AIR CUSHION VEHICLE POLICY (HULL)........................63ACV 2 LAYING-UP RETURNS CLAUSE......................................................69ACV 3 LLOYD'S AIR CUSHION VEHICLE POLICY (LIABILITIES).............70NMA 785 FOREIGN TRAVEL (WAR EXTENSION) CLAUSE B..................76NMA 981 EXPOSURE CLAUSE...................................................................76NMA 1054 EARTHQUAKE EXCLUSION CLAUSE.......................................76NMA 960 LLOYD'S TRAVEL ACCIDENT POLICY......................................77NMA 1076 APPLICANT-OWNERSHIP ENDORSEMENT..............................81NMA 1256 NUCLEAR INCIDENT EXCLUSION CLAUSE— LIABILITY—DIRECT (BROAD)....................................................82NMA 1257 NUCLEAR INCIDENT EXCLUSION CLAUSE—LIABILITY —DIRECT (LIMITED).....................................................................84NMA 1270 RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE.........84NMA 1280 SUBROGATION CLAUSE............................................................85NMA 1408 AVIATION PILOT OR CREW MEMBER EXTENSION CLAUSE. .86NMA 1409 AVIATION PILOT OR CREW MEMBER ONLY CLAUSE U.S.A.. 87NMA 1442 DISAPPEARANCE CLAUSE........................................................87

NMA 1483 OVERSEAS JURISDICTION CLAUSE........................................88NMA 1684 SEEPAGE, POLLUTION AND CONTAMINATION EXCLUSION CLAUSE No. 2.......................................................88NMA 1595 LLOYD'S ACCIDENT POLICY.....................................................89NMA 1596 LLOYD'S TRAVEL ACCIDENT POLICY.......................................94NMA 1623 EXPLOSIVE NUCLEAR ASSEMBLIES EXCLUSION CLAUSE...99NMA 1685 INDUSTRIES SEEPAGE, POLLUTION AND CONTAMINATION CLAUSE NO. 3...............................................99NMA 1686 INDUSTRIES SEEPAGE, POLLUTION AND CONTAMINATION EXCLUSION CLAUSE No. 4..........................99NMA 1970a ERVICE OF SUIT CLAUSE (CANADA)...................................100NMA 2222 EXCESS LIQUOR LIABILITY ENDORSEMENT......................101K NMA 2315 LLOYD'S ACCIDENT POLICY................................................102NMA 2317 SCHEDULE (For attachment to NMA 2315 or NMA 2316)......105K(A) NMA 2318 LLOYD'S ACCIDENT POLICY..........................................106K(A) NMA 2320 SCHEDULE........................................................................109NMA 2327 LLOYD'S ACCIDENT OR ACCIDENT AND ILLNESS PROPOSAL FORM......................................................................110J NMA 2420 LLOYD'S POLICY.....................................................................116J(A) NMA 2421 LLOYD'S POLICY...............................................................117K.(USA) NMA 2584 LLOYD'S PERSONAL ACCIDENT POLICY.................118NMA 2586 THE SCHEDULE.........................................................................122K(A)(USA) NMA 2587 LLOYD'S PERSONAL ACCIDENT POLICY..............124K(A)(USA) NMA 2588 LLOYD'S PERSONAL ACCIDENT CERTIFICATE. 128NMA 2589 SCHEDULE..................................................................................133

ARIEL AVIATION SYNDICATE

48FLY00001 ARIEL ARIEL AIRPORT OWNERS AND OPERATORS LIABILITY INSURANCE POLICY

SCHEDULE

Policy No.:

Item 1. The name and address of the Insured:

Item 2. The nature of the Insured's business or operation in respect of which the Policy is effected is:

Item 3. The place(s) in or about which the indemnity granted by the Policy is to apply is (are):

Item 4. Amount of Indemnity:

The amount of indemnity shall not exceed:

Section 1. any one accident Section 2. any one accidentSection 3. any one accident and in the aggregate arising out of all accidents occurring during any one annual period of Insurance.

Item 5. Premium:

The deposit premium is:The minimum premium is:and shall be subject to adjustment as follows:

Item 6. The Period of Insurance is

Item 7. The name and address of person(s) or firm to whom all notices shall be given is:

Dated in London:

48FLY00001

The Insurers hereby agree to the extent and in the manner hereinafter provided, to pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay or by final judgement be adjudged to pay up to but not exceeding the amounts specified in the Schedule, to any person or persons as damages

a) for bodily injury including death at any time resulting therefrom (hereinafter referred to as bodily injury) or

b) for loss of or damage to property of others (hereinafter referred to as property damage)

caused by accident occurring during the period mentioned in the Schedule and arising out of the hazards set forth in Sections 1, 2 and 3 below.

SECTION 1Bodily injury or property damage

a) in or about the premises specified in the Schedule, as a direct result of the services granted by the Insured

b) elsewhere in the course of any work or of the performance of any duties carried out by the Insured or his employees in connection with the business or operations specified in the Schedule

caused by the fault or negligence of the Insured or any of his employees engaged in the Insured's business or by any defect in the Insured's premises, ways, works, machinery or plant used in the Insured's business.

THIS SECTION IS SUBJECT TO THE FOLLOWING EXCLUSIONS:

Loss of or damage to property owned, rented, leased or occupied by; whilst in the care, custody or control of; whilst being handled, serviced or maintained by the Insured or any servant of the Insured, but this exclusion shall be deemed not to apply to vehicles that are not the property of the Insured whilst on the premises specified in the Schedule.

Bodily injury or property damage caused by

any mechanically propelled vehicle which the Insured may cause or permit any other person to use on the road in such a manner as to render them responsible for insurance under any domestic or international law appertaining to road traffic, or where no such law exists, whilst such vehicle is on any public highway.

any Ships, Vessels, Craft or Aircraft owned, chartered, used or operated by or on account of the Insured, but this exclusion shall be deemed not to apply to aircraft owned by others which are on the ground and for which indemnity is otherwise granted under Section 2 of this Policy, whether such Section is insured hereunder or not.

Bodily injury or property damage arising out of any Airmeet, Air Race, or Air Show, nor any stand used for the accommodation of spectators in connection therewith, unless previously agreed by Insurers.

Bodily injury or property damage arising out of construction of, demolition of or alterations to Buildings, Runways, or Installations by the Insured or his contractors or sub-contractors (other than normal maintenance operations) unless previously agreed by Insurers.

Bodily injury or property damage arising out of any goods or products manufactured, constructed, altered, repaired, serviced, treated, sold, supplied, or distributed by the Insured or his employees after such goods or products have ceased to be in the possession or under the control of the Insured, but this exclusion shall be deemed not to apply to the supply, by the Insured, of food or drink at the premises specified in the Schedule.

SECTION 2

Loss of or damage to Aircraft or Aircraft equipment, not owned, rented or leased by the Insured, whilst on the ground in the care, custody or control of or whilst being serviced, handled or maintained by the Insured or any servant of the Insured.


Loss of or damage to robes, wearing apparel, personal effects or merchandise of any description.

Loss of or damage to Aircraft or Aircraft equipment, hired or leased by or loaned to the Insured.

Loss of or damage to any Aircraft while in flight as defined.

SECTION 3

Bodily injury or property damage arising out of the possession, use, consumption or handling of any goods or products manufactured, constructed, altered, repaired, serviced, treated, sold, supplied or distributed by the Insured or his employees, but only in respect of such goods or products which form part of or are used in conjunction with aircraft, and then only after such goods or products have ceased to be in the possession or under the control of the Insured.


(a) Damage to the property of the Insured or to property within his care, custody or control.

(b) The cost of repairing or replacing any defective goods or products manufactured, constructed, altered, repaired, serviced, treated, sold, supplied or distributed by the Insured or any defective part or parts thereof.

(c) Loss arising out of improper or inadequate performance, design or specification but this exclusion shall be deemed not to apply to bodily injury or property damage as insured hereby resulting therefrom.

(d) Loss of use of any Aircraft not actually lost or damaged in an accident giving rise to a claim hereunder.

EXCLUSIONS APPLICABLE TO ALL SECTIONS OF THIS POLICY

1. THIS POLICY DOES NOT COVER liability for bodily injury to any person, who at the time of sustaining such injury is engaged in the service of the Insured or acting on his behalf, or liability for which the Insured or his insurer may be held liable under any workmans compensation, unemployment compensation or disability benefits law or any similar law.

1. THIS POLICY DOES NOT COVER the cost of making good any faulty workmanship for which the Insured, his employees, contractors or subcontractors may be liable (but this limitation shall not exclude resulting damage arising out of such faulty workmanship).

2. THIS POLICY DOES NOT COVER liability assumed by the Insured by Agreement under any Contract unless such liability would have attached to the Insured even in the absence of such Agreement.

3. THIS POLICY DOES NOT COVER liability of the Insured directly or indirectly occasioned by, happening through or in consequence of War, invasions, act of foreign enemy, hostilities (whether War be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power.

4. THIS POLICY DOES NOT COVER liability arising out of the operation of an airfield control tower unless previously agreed by Insurers.

5. Each section of this Policy excludes liability which is or would be covered under any other section of the Policy, whether such other section is insured hereunder or not.

6. This Policy is subject to the attached Nuclear Risks Exclusion Clause.

PAYMENT OF COSTS

In addition to the limits set out in the Schedule, Insurers will pay all legal and other costs incurred with their consent in the defence of any claim made against the Insured,

PROVIDED THAT

in the event of their requiring any claim to be contested

(a) If the claim be successfully resisted by the Insured the Insurers will pay all costs, charges and expenses incurred by the Insured in connection therewith up to but not exceeding the sum insured under this Policy.

(b) If a payment exceeding the sum insured has to be made to dispose of a claim, the liability of Insurers to pay any costs, charges and expenses in connection therewith shall be limited to such proportion of the said costs, charges and expenses as the sum insured by this Policy bears to the amount paid to dispose of the claim.

DEFINITIONS

1. ACCIDENT. The word "accident" shall be understood to mean an accident or series of accidents arising out of one event or occurrence.

2. FLIGHT. The term "in flight" means the time commencing with the actual take off run of the aircraft and continuing thereafter until it has completed its landing run.

GENERAL CONDITIONS:

1. Upon the happening of any accident likely to give rise to a claim under this Policy or upon the receipt by the Insured of notice of any claim or of any other subsequent proceedings, notice in writing with full particulars shall be given to Insurers as soon as possible after the same shall come to the knowledge of the Insured or the Insured's representative. Every letter, claim, writ, summons or process shall be forwarded to Insurers immediately on receipt by the Insured.

2. All notices as specified above shall be given by the Insured to the person(s) or firm named for the purpose in the Schedule.

3. If any claim under this Policy is also covered in whole or in part by any other insurance, the liability of Insurers shall be limited to their rateable proportion of such claim.

4. If the Insured shall make any claim knowing the same to be false or fraudulent as regards amount or otherwise, this Policy shall become void, and all claims hereunder shall be forfeited.

5. This Policy may be cancelled at any time at the written request of the Insured or may be cancelled by or on behalf of the Insurers provided 15 days notice in writing be given. (Where 15 days notice is contrary to the law or statute then the minimum period that is permitted shall be substituted therefor).

If the Policy shall be cancelled by the Insured the Insurers shall retain the earned premium hereon for the period that this Policy has been in force calculated in accordance with the basis in the Schedule, or the short rate proportion of the minimum premium, calculated in accordance with the customary scale whichever is the greater.

If the Policy shall be cancelled by Insurers they shall retain the earned premium hereon for the period that this Policy has been in force, calculated in accordance with the basis in the Schedule or pro rata of the minimum premium whichever is the greater. Notice of cancellation by the Insurers shall be effective even though the Insurers make no payment or tender of return premium.

6. It is a condition precedent to the right of the Insured to be indemnified under this Insurance that

(a) If after this Insurance has been effected, the risk is materially altered, such alterations must be notified in writing to the Insurers immediately.

(b) No liability shall be admitted and no admission, arrangement, offer, promise or payment shall be made by the Insured without the written consent of Insurers, who shall be entitled, if they so desire, to take over and conduct in the name of the Insured the defence of any claim or to prosecute in the name of the Insured for their own benefit any claim for indemnity or damages or otherwise against any third party, and shall have full discretion in the conduct of any negotiations or proceedings or the settlement of any claim, and the Insured shall give all such information and assistance as Insurers may require.

(c) The Insured shall and will at all times exercise reasonable care in seeing that the ways, implements, plant, machinery and appliances used in the Insured's business are substantial and sound and in proper order, and fit for the purpose for which they are used, and that all reasonable safeguards and precautions against accidents are provided and used.

(d) The Insured shall comply with all International and Government Regulations and Civil Instructions.

7. Notwithstanding the inclusion herein of more than one Insured, whether by endorsement or otherwise, the total liability of the Insurers in respect of any or all Insureds shall not exceed the limit(s) of liability stated in this Policy.

48FLY00001

LSW 555B AVIATION HULL "WAR AND ALLIED PERILS" POLICY

SECTION ONE: LOSS OF OR DAMAGE TO AIRCRAFT

Subject to the terms, conditions and limitations set out below, this Policy covers loss of or damage to the Aircraft nominated in the Schedule against claims excluded from the Assured's Hull "All Risks" Policy as caused by:

(e) War, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power or attempts at usurpation of power.

(f) Strikes, riots, civil commotions or labour disturbances.

(g) Any act of one or more persons, whether or not agents of a sovereign power, for political or terrorist purposes and whether the loss or damage resulting therefrom is accidental or intentional.

(h) Any malicious act or act of sabotage.

(i) Confiscation, nationalisation, seizure, restraint, detention, appropriation, requisition for title or use by or under the order of any Government (whether civil military or de facto) or public or local authority.

(j) Hi-jacking or any unlawful seizure or wrongful exercise of control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the Assured.

Furthermore this Policy covers claims excluded from the Hull "All Risks" Policy from occurrences whilst the Aircraft is outside the control of the Assured by reason of any of the above perils. The Aircraft shall be deemed to have been restored to the control of the Assured on the safe return of the Aircraft to the Assured at an airfield not excluded by the geographical limits of this Policy, and entirely suitable for the operation of the Aircraft (such safe return shall require that the Aircraft be parked with engines shut clown and under no duress).

SECTION TWO: EXTORTION AND HI-JACK EXPENSES

1. This Policy will also indemnify the Assured subject to the terms, conditions, exclusions and limitations set out below, and up to the limit stated in the Schedule, for 90% of any payment properly made in respect of:

(a) threats against any Aircraft described in the Schedule or its passengers or crew made during the currency of this Policy.

(b) extra expenses necessarily incurred following confiscation, etcetera (as Section One clause (e)) or hi-jacking, etcetera (as Section One clause (f)) of any Aircraft described in the Schedule.

2. No cover will be provided under this Section of the Policy in any territory where such insurance is not lawful, and the Assured is at all times responsible for ensuring that no arrangements of any kind are made which are not permitted by the proper authorities.

SECTION THREE: GENERAL EXCLUSIONS

This Policy excludes loss, damage or expense

(i) caused by one or any combinations of any of the following:

(a) War (whether there be a declaration of war or not) between any of the following States: the United Kingdom, the United States of America, France, the Russian Federation, the People's Republic of China; nevertheless, if any Aircraft is in the air when an outbreak of such war occurs, this exclusion shall not apply in respect of such Aircraft until the said Aircraft has completed its first landing thereafter;

(b) Confiscation, nationalisation, seizure, restraint, detention, appropriation, requisition for title or use by or under the authority of the Government(s) named in the Schedule, or any public or local authority under its jurisdiction;

(c) Any debt, failure to provide bond or security or any other financial cause under court order or otherwise;

(d) The repossession or attempted repossession of the Aircraft either by any title holder, or arising out of any contractual agreement to which any Assured protected under this Policy may be party;

(e) Delay, loss of use, or except as specifically provided in Section Two any other consequential loss; whether following upon loss of or damage to the Aircraft or otherwise.

(f) directly or indirectly arising out of any detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter whether hostile or otherwise.

SECTION FOUR: GENERAL CONDITIONS

1. This Policy is subject to the same warranties, terms and conditions (except as regards the premium, the obligations to investigate and defend, the renewal agreement (if any), the amount of deductible or self insurance provision where applicable AND EXCEPT AS OTHERWISE PROVIDED HEREIN) as are contained in or may be added to the Assured's Hull "All Risks" Policy.

2. Should there be any Material Change in the nature or area of the Assured's operations, the Assured shall give immediate notice of such Change to the Underwriters; no claim arising subsequent to a Material Change over which the Assured had control shall be recoverable hereunder unless such change has been accepted by the Underwriters.

"Material Change" shall be understood to mean any change in the operation of the Assured which might reasonably be regarded by the Underwriters as increasing their risk in degree or frequency, or reducing possibilities of recovery or subrogation.

3. The due observance and fulfilment of the terms, provisions, conditions and endorsements of this Policy shall be conditions precedent to any liability of the Underwriters to make any payment under this Policy: in particular the Assured should use all reasonable efforts to ensure that he complies and continues to comply with the laws (local or otherwise) of any country within whose jurisdiction the Aircraft may be, and to obtain all permits necessary for the lawful operation of the Aircraft.

4. Subject always to the provisions of Section Five, and the Schedule, Underwriters hereon agree to follow the Hull "All Risks" Policy in respect of Breach of Warranty Cover, Hold Harmless Agreements and Waivers of Subrogation.

SECTION FIVE: CANCELLATION REVISION AND AUTOMATIC TERMINATION

Amendment of Terms or Cancellation

1. (a) Underwriters may give notice, effective on the expiry of 7 days from midnight GMT on the day on which notice is issued, to review the rate of premium and/or the geographical limits. In the event of the review of the rate of premium and/or geographical limits not being accepted by the Assured then at the expiry of the said 7 days, this Policy shall become cancelled at that date.

Automatic Notwithstanding l.(a) above, this Policy is subject to automatic review by

Review of Terms or Cancellation

Cancellation by Notice

Automatic Termination

Underwriters of the rate of premium and/or conditions and/or £ geographical limits effective on the expiry of 7 days from the time of any hostile detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter wheresoever or whensoever such detonation may occur and whether or not the insured Aircraft may be directly affected. In the event of the review of the rate of premium and/or conditions and/or geographical limits not being accepted by the Assured then at the expiry of the said 7 days, this Policy shall become cancelled at that date.

This Policy may be cancelled by the Assured or Underwriters giving notice not less than 7 days prior to the end of each period of 3 months from inception.

2. Whether or not such notice of cancellation has been given this Insurance shall TERMINATE AUTOMATICALLY

Upon the outbreak of war (whether there be a declaration of war or not) between any of the following States, namely, the United Kingdom, the United States of America, France, the Russian Federation, the People's Republic of China.

PROVIDED THAT if the Aircraft is in the air when such outbreak of war occurs then this insurance, subject to its terms and conditions and provided not otherwise cancelled, terminated or suspended, will be continued in respect of such Aircraft until the said Aircraft has completed its first landing thereafter.

LSW 555B 11/94

THE SCHEDULE

Policy Number:

Assured:

Address of Assured:

Additional Assured(s):

Approved Lienholder(s) for Breach of Warranty protection:

Aircraft hereby insured:

Manufacturer Model Registration Agreed Value

Geographical Limits:

Excluding Confiscation, etcetera by Government(s) of:

Period of Policy:

From:

To:

Both days inclusive

Extortion and Hi-jack Limits of Policy:

90% of any one loss and in all (WARRANTED REMAINING 10% UNINSURED)

Premium:

Immediate notice of changes of risk or of circumstances likely to give rise to a loss hereunder to be communicated to:

Dated in London:

LSW 555B (11/94)

LSW 617E KILN GEOGRAPHIC AREAS EXCLUSION CLAUSE

1. This policy excludes loss, damage or expense occurring within any of the following countries and regions:

(a) Algeria, Cabinda, Burundi, Central African Republic, Congo, Democratic Republic of Congo, Eritrea, Ethiopia, Ivory Coast, Liberia, Libya, Nigeria, Sierra Leone, Somalia, Sudan.

(b) Colombia, Ecuador, Peru.

(c) Afghanistan, Checheno / Ingushskaya, Nagorno-Karabakh, Pakistan, Yemen, Jammu and Kashmir, Nepal.

(d) Sri Lanka.

(e) Iran, Iraq, Syria.

(f) Bosnia, Kosovo.

2. However coverage is granted for the over flight of any excluded country where the flight is within an internationally recognised air corridor and is performed in accordance with I.C.A.O. recommendations.

3. In addition to those countries listed above coverage is excluded for any flight into any country where such operation of aircraft is in breach of United Nations sanctions.

4. Any excluded country may be covered by underwriters at terms to be agreed Slip Leader only prior to flight.

LSW 617E 01/05

LSW 617F KILN GEOGRAPHIC AREAS EXCLUSION CLAUSE1. Notwithstanding any provisions to the contrary and subject to clauses 2 and 3 below, this Policy excludes any loss, damage or expense howsoever occurring within the geographical limits of any of the following countries and regions:

(a) Algeria. Cabinda, Burundi, Central African Republic, Congo, Democratic Republic of Congo, Eritrea, Ethiopia, Ivory Coast, Liberia, Nigeria, Sierra Leone, Somalia, Sudan.(a) Colombia, Ecuador, Peru.(b) Afghanistan, Checheno / Ingushskaya, Nagorno-Karabakh, Pakistan, Yemen, Jammu & Kashmir, Nepal.(d) Sri Lanka,(e) Iran, Iraq,(f) Any country where the operation of the insured Aircraft is in breach of United Nations sanctions.

2. However coverage pursuant to tins Policy is granted:

(a) for the over flight of any excluded country where the flight is within an internationally recognised air corridor and is performed in accordance with LC.A.O. recommendations; or

(b) in circumstances where an insured Aircraft has landed in an excluded country as a direct consequence and exclusively as a result of force majeure subject advice to Underwriters within 72 hours.

3. Any excluded country' may be covered by underwriters at terms to be agreed by the Reinsurers prior to flight.

LSW 617F 05/07

LSW 3001 PREMIUM PAYMENT CLAUSENotwithstanding any provision to the contrary within this contract or any endorsement hereto, in respect of non payment of premium only the following clause will apply.

The (Re)Insured undertakes that premium will be paid in full to (Re)Insurers within 30 days of inception of this contract (or, in respect of instalment premiums, when due).

If the premium due under this contract has not been so paid to (Re)Insurers by the 30th day from the inception of this contract (and, in respect of instalment premiums, by the date they are due) (Re)Insurers shall have the right to cancel this contract by notifying the (Re)Insured via the broker in writing. In the event of cancellation, premium is due to (Re)Insurers on a pro rata basis for the period that (Re)Insurers are on risk but the full contract premium shall be payable to (Re)Insurers in the event of a loss or occurrence prior to the date of termination which gives rise to a valid claim under this contract.

It is agreed that (Re)Insurers shall give not less than 15 days prior notice of cancellation to the (Re)Insured via the broker. If premium due is paid in full to (Re)Insurers before the notice period expires, notice of cancellation shall automatically be revoked. If not, the contract shall automatically terminate at the end of the notice period.

If any provision of this clause is found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability will not affect the other provisions of this clause which will remain in full force and effect.

LSW 3001 30/9/08

LSW 3002 PREMIUM PROCESSING CLAUSE

Where the premium is to be paid through Xchanging Insurance Services (XIS), payment to (Re)lnsurers will be deemed to occur on the day that a delinked premium is released for settlement by the Appointed Broker or in the case of non-delinked premiums, on the day that the error-free Premium Advice Note (PAN) is submitted to XIS.

Where premiums are to be paid by installments under the Deferred Account Scheme, and the Appointed Broker does not receive the premium in time to comply with the agreed settlement date for the second or subsequent installment, and the Appointed Broker requests a later payment date for such installment, the Slip Leader may authorise XIS to suspend the automatic debiting of the relevant deferred installment. XIS shall then notify following (Re)lnsurers accordingly.

Unless otherwise agreed, the Slip Leader (and Agreement Parties if appropriate) are authorised to exercise rights under this clause on their own behalf and on behalf of all (Re)lnsurers participating in this contract.

Appointed Broker: [...]

LSW 3002 September 2008

LPO 344C AIRCRAFT SPARES WORDING(For attachment to MAR form)

1. Intention

Subject to the terms, conditions and exclusions hereinafter contained this Policy insures Property being only Engines, Spare Parts and Equipment destined to be fitted to or to form part of an aircraft and being the property of the Assured or the property of others for which the Assured is responsible, while such property is in the care, custody or control of the Assured on the ground, or is being carried as cargo in transit, by air (including Assured's aircraft) and/or steamers (approved or held covered at a premium to be arranged) and/or road and/or rail and/or conveyance.

2. Conditions

All Risks of Physical Loss or Damage (except as hereafter excluded) but

Air TransitsInstigate Cargo Clauses (Air) 1/1/82

Marine TransitsInstitute Cargo Clauses (A) 1/1/82

3. Geographical limits

This Policy to cover the property described above, against the risks described above, whilst

………………………………………………………………………………………………………….

4. Exclusions

This Policy does not insure:-

(a) loss of or damage to any such property occurring at any time after the commencement of the operation of fitting it to or placing it on board the aircraft to which it is destined.

(b) loss if or damage to an Engine occurring during the running or testing thereof.

(c) mechanical or electrical derangement.

(d) loss and damage caused by wear, tear or gradual deterioration.

(e) loss or damage caused by or resulting from neglect of the Assured to use reasonable means to save and preserve the property at the time of and after any loss or damage.

(f) loss of or damage to any property which has been detached from an aircraft and which is intended to be refitted to the aircraft and not to be replaced by other property.

(g) loss of or damage to any property hereby insured which may be sustained whilst the same is under any process and directly resulting therefrom.

(h) property carried in an aircraft as a spare parts kit. (i) property fitted to or forming part of an aircraft.

(i) property fitted to or forming part of an aircraft.

(j) the property of others carried or stored by the Assured for hire or reward.

(k) mysterious disappearance or unexplained loss or shortage disclosed upon taking inventory.

5. This Policy is subject to the Nuclear Risks Exclusion Clause AVN 71

1. This Policy does not cover claims caused by:-

(a) War, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power or attempts at usurpation of power.

(b) Any hostile detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

(c) Strikes, riots, civil commotions or labour disturbances.

(d) Any act of one or more persons, whether or not agents of a sovereign Power, for political or terrorist purposes and whether the loss or damage resulting therefrom is accidental or intentional.

(e) Any malicious act or act of sabotage.

(f) Confiscation, nationalisation, seizure, restraint, detention, appropriation, requisition for title or use by or under the order of any Government (whether civil, military or de facto) or public or local authority.

(g) Hi-jacking or any unlawful seizure or wrongful exercise of control of an Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the aircraft acting without consent of the Assured.

(h) An aircraft being outside the control of the Assured by reason of a peril excluded by paragraphs (f) or (g).

2. Deductible clause

Each claim for loss or damage arising out of one event shall be adjusted separately and from the amount of such adjusted claim the sum of __________ shall be deducted but claims for loss or damage caused by fire, wind, tornado and cyclone shall be paid in full.

3. Limits of liability

The liability of the Underwriters shall not exceed:-

(1) _________ any one building and/or location

(2) _________ any one sending

(3) The cost of repair or the cost of replacement or the insured value, whichever shall be the least amount, in respect of any one item of property.

4. Reporting and premium adjustment clause

The premium of _________ is a minimum and deposit premium to be adjusted at expiry as follows: -

a) Within one month after the expiration date the Assured shall furnish to Underwriters a statement showing the total values at risk over all locations at the last day of each policy month such amounts shall be totalled then divided by the number of policy months and premium will be payable on the resulting amount at a rate of %.

b) If this Policy is cancelled prior to expiration, the Assured is required to report total monthly values at risk for each completed policy month prior to the date of cancellation and premium payable hereunder shall be calculated on such reported values in the manner and at the rate hereinbefore provided.

It is a condition of this insurance that the Assured shall keep a proper record of all items of property from time to time hereby insured and of the value of each item.

Salvage and recoveries clause

All salvages, recoveries and payments recovered or received subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties thereto.

Loss clause

Any loss hereunder shall not reduce the amount of this Policy.

Cancellation clause

This Policy shall be cancelled either by the Assured or by Underwriters by mailing to the other at the address shown in the Policy, written notice stating when not less than thirty (30) days thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice and

effective date and hour of cancellation stated in the notice shall become the end of the Policy period. Delivery of such written notice either by the Assured or by Underwriters shall be equivalent to mailing. The Assured agrees, in the event of cancellation, to report the values at risk and to pay premium thereon to Underwriters as provided by 'Reporting and Premium Adjustment Clause' up to the date of cancellation.

LPO 344C (10/96)

LPO 359B AIRLINE FREIGHT LEGAL LIABILITY AND ALL RISKS WORDING(For attachment to MAR Form)

1. SECTION ONE - CARGO LEGAL LIABILITY

(a) To indemnify the Assured for all sums up to any one aircraft or location, which the Assured becomes legally liable to pay for physical loss of or damage to cargo under the Warsaw Convention or under other Conditions of Carriage agreed by Underwriters hereon including cargo in respect of which a Special Declaration of Value for Carriage in excess of the normal limit of liability provided for by the Warsaw Convention is made by the Consignor prior to or at the time of the issue of the Air Waybill or other Contract of Carriage.

(b) Coverage with respect to such Cargo shall commence from the time of issue of the Air Waybill or other Contract of Carriage by the Assured or their Agent for carriage by aircraft and connecting land and water conveyances and shall terminate upon delivery by the Assured or their Agent at final warehouse or upon handing over to the succeeding Carriers or their Agent or if Through Air Waybill or Contract of Carriage be issued and any succeeding Carriers are unwilling to accept the Special Declaration of Value then this Policy will cover interest to destination named in the Air Waybill or Contract of Carriage.

(c) The Gold Francs mentioned in the Warsaw Convention shall be deemed to refer to the French Gold Franc Poincare consisting of 65.5 milligrams of gold of millesimal fineness 900; the sum being converted into Dollar or other national currency as required in round figures.

(d) AVN 44 - MUTUAL REVISION CLAUSE (AVIATION LIABILITY) - is incorporated herein.

(e) COSTS - The Underwriters shall, in addition to the Limits of Liability stated herein, pay all costs incurred with their consent in defence or settlement of any claim made against the Assured and seeking damages on account thereof.

(f) DEDUCTIBLE - Each claim for loss or damage arising out of one event shall be adjusted separately and from the amount of such adjusted claim the sum of _____ shall be deducted.

(g) GENERAL EXCLUSIONS - This Section does not cover claims caused by:-

i) War, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power or attempts at usurpation of power

ii) Any hostile detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter

iii) Strikes, riots, civil commotions or labour disturbances

iv) Any act of one or more persons, whether or not agents of a sovereign Power, for political or terrorist purposes and whether the loss or damage resulting therefrom is accidental or intentional

v) Any malicious act or act of sabotage

vi) Confiscation, nationalisation, seizure, restraint, detention, appropriation, requisition for title or use by or under the order of any Government (whether civil, military or de facto) or public or local authority

vii) Hi-jacking or any unlawful seizure or wrongful exercise of control of an Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the aircraft acting without consent of the Assured.

viii) An aircraft being outside the control of the Assured by reason of a peril excluded by paragraphs (vi) or (vii).

2. SECTION TWO - ALL RISKS INSURANCE

a) The Assured and their Agents are authorised to bind and issue on behalf of the Underwriters Certificates of Insurance with respect to Cargo, including Baggage carried as Cargo, in response to

a Consignor's request for insurance thereof against ALL RISKS OF PHYSICAL LOSS OR DAMAGE in accordance with:

INSTITUTE CARGO CLAUSES (AIR) Excluding Sendings by Post 1.1.82; INSTITUTE WAR CLAUSES (AIR CARGO) Excluding Sendings by Post 1.1.82; INSTITUTE STRIKES CLAUSES (AIR CARGO) 1.1.82. Subject to INSTITUTE REPLACEMENT CLAUSELIVESTOCK CLAUSE (AVIATION) No. 1NUCLEAR RISKS EXCLUSION CLAUSE AVN 38B

b) Limit ___________ any one aircraft any one location.

c) Warranted that the Assured shall give prior notice to

for transmission to the Underwriters, of any consignment in respect of which insurance is requested which equals or exceeds ____________ (or equivalent thereof in any other national currency).

d) In the case of damage to labels, capsules or wrappers the Underwriters shall not be liable for more than the amount sufficient to pay the cost of new labels, capsules or wrappers and the cost of re-conditioning such cargo but in no event shall the Underwriters be liable for more than the value as declared by the consignor.

e) The Underwriters shall have the right, on giving the Assured at least seven (7, days prior notice of their intention, to introduce an exclusion of War, Stakes, Riots and Civil Commotion hereunder or to increase or decrease the rates applicable to War, Strikes, Riots and Civil Commotion etc. coverage.

3. GENERAL CONDITIONS

a) The Assured shall use due diligence and do and concur in doing everything reasonably practicable to avoid or diminish any claim hereunder. The Assured shall not make any admission of liability or make any payment without the consent of the Underwriters.

b) Upon knowledge of any event likely to result in a claim or claims under any Section of this Policy full particulars of such event together with any documents or letters relating thereto shall be forwarded by the Assured to for transmission to the Underwriters. The Assured shall thereafter render such further information and assistance as the Underwriters may reasonably require and shall not act in any way to the detriment or prejudice of the interests of the Underwriters.

c) The Underwriters shall, if they so elect, be authorised to take in hand and conduct in the name of the Assured the defence or settlement of any claim or proceed in the name of the Assured with any claims for indemnities, recoveries, damages, interest and the like against any Third Parties whatsoever. The Underwriters shall have all authority for conducting any proceedings and for settling any claims, including the right to abandon them at any moment. The Assured shall furnish all the information and assistance that the Underwriters may require for conducting the proceedings in question the cost of which shall be borne by the Underwriters. The Assured shall at all times do and concur in doing everything necessary to safeguard such rights of recovery and to assist the Underwriters in the exercise thereof. The assumption of such rights by the Underwriters prior to the definite settlement of any claim hereunder shall in no way be an admission of liability on the part of the Underwriters.

d) Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this Policy or estop the Underwriters from asserting any right under this Policy; nor shall any part of this Policy be waived or changed except by endorsement signed by the Underwriters and issued to form part of this Policy.

e) This Policy shall not be assigned in whole or in part except with the consent of the Underwriters verified by endorsement thereon.

f) The due observance and fulfillment of the terms, provisions, conditions and endorsement of this Policy shall be conditions precedent to any liability of the Underwriters to make any payment under this Policy.

g) This Policy shall be cancelled either by the Assured or by Underwriters by mailing to the other at the address shown in the Policy written notice stating when not less than thirty (30) days thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice

and effective date and hour of cancellation stated in the notice shall become the end of the Policy period. Delivery of such written notice either by the Assured or by Underwriters shall be equivalent to mailing.

h) Warranted that the Assured will comply with all air navigation and airworthiness orders and requirements issued by any competent authority and will take all reasonable steps to ensure that such orders and requirements are complied with by their agent(s) and employees and that the Aircraft shall be airworthy at the commencement of each flight.

i) It is agreed that the Assured has the right to enter into agreements containing exoneration hold harmless and/or indemnity provisions with respect to the handling of Cargo covered under this Policy, provided the conclusion of such agreements is in accordance with the normal operation of an air carrier's business and is advised to Underwriters, who shall have the right to require an additional premium.

4. PREMIUM

(1) SECTION ONE - CARGO LEGAL LIABILITY

a) With respect to cargo which is not the subject of a Special Declaration of Value a Deposit Premium of shall be paid in four equal quarterly instalments (the first instalment to be payable on inception of the Policy) and shall be subject to adjustment at the expiration of the Policy at per cent of gross freight receipts during the Policy year. It being understood and agreed that in the event that the adjusted premium shall be less than the Annual Deposit Premium the Underwriters shall retain the Annual Deposit Premium which for the purpose of this Policy shall be the Minimum Premium payable to the Underwriters with respect to cargo which is not the subject of a Special Declaration of Value.

b) With respect to cargo which is the subject of a Special Declaration of Value the premium, which shall be payable quarterly, shall be equal to per cent of the Valuation Charges collected by the Assured.

(2) SECTION TWO - ALL RISKS INSURANCE

Premium payable quarterly calculated in accordance with the Rates Stated in Appendix A attached hereto.

LPO 359B (10796)

LPO 417D AIRCRAFT AND AERIAL APPLICATION LIABILITY POLICYWE THE INSURERS agree with the Insured, named in the Declarations made a part hereof, in consideration of the payment of the Premium, and in reliance upon the statements in the Declarations and subject to the Limits of Liability, Exclusions, Conditions and Other Terms of this Policy

INSURING AGREEMENTS

COVERAGE A — BODILY INJURY LIABILITY (EXCLUDING PASSENGERS. PILOT AND CREW)

To pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages, including damages for care and loss of services, because of bodily injury sustained by any person, excluding any Passenger, pilot or member of the crew of the Aircraft whilst acting in their capacity as such, caused by an Occurrence and arising cut of ownership, maintenance 01 use of the Aircraft including Aerial Application (as herein defined)

COVERAGE B—PROPERTY DAMAGE LIABILITY

To pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages because of injury to or destruction of property, including the loss of use thereof, caused by an Occurrence and arising out of the ownership, maintenance or use of the Aircraft including Aerial Application (as herein defined)

COVERAGE C—SINGLE LIMIT—BODILY INJURY (EXCLUDING PASSENGERS, PILOT AND CREW) AND PROPERTY DAMAGE LIABILITY

To pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages, including damages for care and loss of services, because of bodily injury sustained by any person, excluding any Passenger, pilot or member of the crew of tie Aircraft whilst acting in their capacity as such, and for damages because of injury to or destruction of property, including loss of use thereof, caused by an Occurrence and arising out of the ownership, maintenance or use of the Aircraft including Aerial Application (as herein defined).

The term "bodily injury" wherever used shall include death and sickness.

SUPPLEMENTARY PAYMENTS

In respect to claims covered by the Policy and irrespective of the appropriate limit of liability Insurers will:-

a) pay all premiums on bonds to release attachments for an amount not in excess of the limit of liability of this Policy, all premiums on appeal bonds required in any such defended suit, but without any obligation to apply for or furnish any such bonds;

b) defend in the name of the Insured and on his behalf any suit against the Insured alleging such bodily injury or injury to or destruction of property and seeking damages on account thereof even if such suit is groundless, false or fraudulent; but the Insurers shall be under no obligation to defray any law costs or to defend law suits against the Insured based on claims not covered under this Policy;

c) pay expenses incurred by the Insured for such immediate medical and surgical relief to others as shall be imperative at the time of the accident;

d) pay expenses incurred by the Insurers for investigation, adjustment and defence and reimburse the Insured for all reasonable expenses, other than loss of earnings, incurred at the Insurers' request.

AUTOMATIC INSURANCE OF NEWLY ACQUIRED AIRCRAFT

a) If the Named Insured acquires ownership of another Aircraft of similar type and so notifies the Insurers within thirty (30) days following the date of its delivery to him, such insurance as is afforded by this Policy applies also to such Aircraft as of such delivery date;

b) This Insuring Agreement does not apply:-

i) to any claim against which the Named Insured has other valid and collectible insurance, or

ii) except during the Policy period, but if such delivery date is prior to the effective date of this Policy the insurance applies as of such effective date.

The Named Insured shall pay the prescribed Additional Premium required because of the application of the insurance to such other Aircraft as stated in Condition 6 hereof.

TERRITORY OF USE

This Policy applies only whilst the Aircraft is within the Continental limits of the United States of America (excluding Alaska), Canada or the Republic of Mexico.

TWO OR MORE AIRCRAFT

When two or more Aircraft are insured hereunder the terms of this Policy shall apply separately to each.

EXCLUSIONS

THIS POLICY DOES NOT APPLY:-

1. to the use of the Aircraft for any purpose other than those uses described in the Declarations; or while the Aircraft is neither owned, operated nor in the care, custody or control of the Insured;

2. while the Aircraft is being flown by any person who does not comply with all of the requirements of Item 7 of the Declarations;

3. to injury to or destruction of any property owned or occupied by or rented to the Insured or any property in the care, custody or control of the Insured, or property as to which the Insured for any purpose is exercising physical control;

4. to injury to or destruction of any crops, pastures, trees or tangible property to which the Aerial Application is deliberately made whether in error or not;

5. to liability of others assumed by the Insured under any contract or agreement, oral or written unless such liability would have attached to the Insured even in the absence of such agreement;

6. to any obligation for which the Insured or his insurer may be held liable under any Workmen's Compensation, Unemployment Compensation or Disability Benefits law or under any similar Law; 01 to bodily injury of any employee of the Insured arising out of and in the course of his employment by the Insured or his sub-contractor;

7. to the application of any chemical within the area of any zoned residential area of any incorporated city or town unless specifically endorsed hereon;

8. to liability of the Farmer/Owner/Grower, unless specifically included hereunder and the appropriate Premium paid;

9. to bodily injury or property damage caused by or resulting from the use of inorganic arsenical preparations or compounds such as sodium arsenate, sodium arsenate and the like and/or dust formulations of defoliants or desiccants;

10. to bodily injury or property damage caused by or resulting from non-compliance by the Insured with the manufacturer's printed directions and/or any Federal or State Regulations or those of any appropriate authority in respect of the chemical or seed being applied;

11. to exemplary or punitive damages;

12. to war, hi-jacking and other perils as more fully set forth in the attached WAR, HIJACKING AND OTHER PERILS EXCLUSION CLAUSE (AVN 48B);

13. to noise and other perils a;* more fully set forth in the attached NOISE AND POLLUTION AND OTHER PERILS EXCLUSION CLAUSE (AVN 46B), with paragraph 1 (b) deleted;

14. if the Insured does not comply with all air navigation and airworthiness orders and all other requirements and regulations issued by any competent authority and does not take all steps to ensure that such orders, requirements and regulations are strictly complied with by the r agents and employees and that the Aircraft shall be airworthy at the commencement of each flight;

15. to the liability of one Insured to another Insured.

RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

This Policy does not cover:-

a) loss or destruction of or damage to any property whatsoever or any loss or expense, whatsoever resulting or arising therefrom

b) any legal liability of whatsoever nature

directly or indirectly caused or contributed to by or arising from ionizing radiations or contamination by radioactivity from any source whatsoever.

DEDUCTIBLE

It is understood and agreed that in the event of a claim arising in respect of property damage resulting from Aerial Application, the Insured shall bear the first $500.00 of each and every Occurrence.

It is further understood and agreed that the Insured shall remit to Insurers, or their authorised representative, on demand, any portion of or whole amount of the Deductible pertaining to any claim, to be used by Insurers or their representatives in settlement of claims covered under this Policy. Sums collected from the Insured under this Deductible provision shall be used solely for the purpose of extinguishing, in good faith, claims brought against the Insured, pursuant to authority to settle such claims afforded Insurers. All sums collected from the Insured by Insurers pursuant to this Deductible obligation, which are not ultimately employed for settlement of outstanding claims shall be returned to the Insured by Insurers without interest or other charge.

CONDITIONS

1. NOTICE: OF OCCURRENCE

It is a mandatory condition of this Policy that IMMEDIATE NOTICE of any Occurrence likely to give rise to a claim shall be given to the Insurers or any of their representatives by or on behalf of the Insured as soon as the Insured or his responsible employees, agent or representative has knowledge thereof. The type of bodily injury or property damage from operations by the Insured is such that a determination as to whether the claimed bodily injury or property damage is embraced within the coverage of this Policy cannot be made until notice of the Occurrence which may possibly give rise to a claim is given to Insurers at the time of the Occurrence. It is a specific provision of this Policy that failure to comply with the provisions requiring IMMEDIATE NOTICE of the Occurrence which may possibly give rise to a claim shall be presumed to cause Insurers to suffer substantial prejudice, and such failure to give IMMEDIATE NOTICE shall automatically exclude coverage, and Insurers shall have no liability for such bodily injury or property damage.

2. NOTICE OF CLAIM OR SUIT

If a claim is made or suit is brought against the Insured, the Insured shall immediately forward to the Insurers every demand, notice, summons or other process received by him or his representatives.

3. ASSISTANCE AND CO-OPERATION OF THE INSURED

The Insured shall co-operate with the Insurers and, upon the Insurers' request, shall attend hearings and trials and shall assist in effecting settlements, securing and giving evidence, obtaining the attendance of witnesses and in the conduct of suits. The Insured shall not except at his own cost, voluntarily make any payment, assume any obligation or incur any expense, other than such immediate medical and surgical relief to others as shall be imperative at the time of Occurrence.

4. CHANGES

Notice to any agent or knowledge possessed by any agent or by any other person shall not effect a waiver or a change in any part of this Policy or estop the Insurers from asserting any right under this Policy; nor shall any part of this Policy be waived or changed, except by Endorsement signed by the Insurers and issued to form part of this Policy.

5. ASSIGNMENT

This Policy shall not be assigned in whole or in part except with the consent of the Insurers verified by Endorsement signed by the Insurers and issued to form part of this Policy; if, however, the Named Insured shall die or be adjudged bankrupt or insolvent within the Policy period, this Policy, unless cancelled, shall, if written notice be given to Insurers within 30 (thirty) days after the date of such death or adjudication, cover:

a) the Named Insured's legal representative as the Named Insured

and

b) any person having proper temporary custody of the Aircraft, as an Insured, until the appointment and qualification of such legal representative but in no event for a period of more than 30 (thirty) days after the date of such death or adjudication.

6. CANCELLATION. SUBSTITUTION. ADDITION. DELETION. OR ALTERATION

This Policy may be cancelled by the Insured by surrender thereof or by mailing to the Insurers written notice stating when thereafter such cancellation shall be effective. This Policy may be cancelled by the Insurers by mailing to the Insured at the address shown in this Policy written notice stating when not less than ten days thereafter such cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice and the effective date and hour of cancellation stated in the notice shall become the end of the Policy period. Delivery of such written notice either by the Insured or by the Insurers shall be equivalent to mailing.

If the Insurers cancel, Earned Premiums shall be computed pro rata. Premium adjustment may be made at the time cancellation is effected and, if not then made, shall be made as soon as practicable after cancellation becomes effective. The Insurers' check or the check of their representative mailed or delivered as aforesaid shall be sufficient tender of any refund of Premium due to the Insured.

In the event of cancellation of this Insurance by the Insured or in the event of substitution, addition and deletion of Aircraft and/or alteration of cover, the Minimum Premium in respect of each Aircraft shall be calculated as set forth below, unless otherwise agreed by the Insurers. No return of premium will be made in respect of any Aircraft which has been the subject of a claim hereunder.

MINIMUM PREMIUM

Policy in force less than 31 days 33 '/3%• of annual premium

31 days or more and less than 61 days 60% of annual premium



120 days or more 100% of annual premium

LIMITS OF LIABILITY

(a) The limit of liability stated in the Declarations as applicable to "each person" is the limit of the Insurers' liability for all damages arising out of bodily injury, sustained by one person in any one Occurrence; the limit of such liability stated as applicable to "each Occurrence" is, subject to the above provision respecting each person, the total limit of the Insurers' liability for all damages, arising ox it of bodily injury, sustained by two or more persons in any one Occurrence.

(b) The limit of liability stated in the Declarations for Coverage B is the limit of the Insurers' liability for all damages arising out of any one Occurrence.

(c) The limit of liability stated in the Declarations for Coverage C is the limit of the Insurers' liability for all damages arising out of any one Occurrence.

Notwithstanding the inclusion herein of more than one Insured whether by Endorsement or otherwise, the total liability of the Insurers in respect of any or all Insureds shall not exceed the limit(s) stated in the Declarations.

8. OTHER INSURANCE

This insurance does not cover any liability which at the time of happening is insured by, or would but for the existence of this Policy be insured by, any other existing policy or policies except in respect of any excess beyond the amount which would have been payable under such other policy or policies if this insurance had not been effected.

9. SUBROGATION

In the event of any payment under this Policy, the Insurers shall be subrogated to all the Insured's rights of recovery therefor against any person or organisation and the Insured shall execute and deliver, instruments and papers and do whatever else is necessary to secure such rights. The Insured shall do nothing to prejudice such rights.

10. ACTION AGAINST INSURERS

No action shall lie against the Insurers unless, as a condition precedent thereto, the Insured shall have fully complied with all the terms of this Policy, nor until the amount of the Insured's obligation to pay shall have been finally determined, either by judgment against the Insured after actual trial or by written agreement of the Insured, the Claimant and the Insurers.

11. SCHEDULE OF STATEMENTS

By acceptance of this Policy the Named Insured agrees that the statements in the Declarations are his agreements and representations, that this Policy is issued in reliance upon the truth of such representations and that this Policy embodies all agreements existing between himself and the Insurers relating to this insurance.

12. MISREPRESENTATION AND FRAUD

This Policy shall be void if the Named Insured has concealed or misrepresented any material fact or circumstance whether under the Declarations or not concerning this insurance or the subject thereof or in case of any fraud attempted fraud or false swearing by the Insured touching any matter relating to this insurance or the subject hereof, whether before or after a loss.

13. SERVICE OF SUIT

It is agreed that in the event of the failure of Insurers hereon to pay any amount claimed to be due hereunder, Insurers hereon, at the request of the Insured will submit to the jurisdiction of any Court of competent jurisdiction within the United States. Nothing in this Clause constitutes or should be understood to constitute a waiver of Insurers' rights to commence an action in any Court of competent jurisdiction in the United States, to remove an action to a United States District Court, OJ1 to seek a transfer of a case to another Court as permitted by the laws of the United States or of any State in the United States.

It is further agreed that service of process in such suit may be made upon the person(s) named in the Declarations, and that in any suit instituted against any one of them upon this contract, Insurers will abide by the final decision of such Court or of any Appellate Court in the event of an appeal.

The above-named are authorised and directed to accept service of process on behalf of Insurers in any such suit and/or upon the request of the Insured to give a written undertaking to the Insured that they will enter a general appearance upon Insurers' behalf in the event such a suit shall be instituted.

Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, Insurers hereon hereby designate the Superintendent, Commissioner or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as their true and lawful attorney upon whom may be served any lawful process in any action, suit or proceeding instituted by or ort behalf of the Insured or any beneficiary here under arising out of this contract of insurance, and hereby designate the above-named as the person to whom the said officer is authorised to mail such process or a true copy thereof.

DEFINITIONS

The unqualified word 'Insured' includes the Named Insured and any partner, executive officer, director or employee if the Named Insured is a corporation but only while acting within the scope of his duties at; such and any properly qualified and licensed pilot operating the Aircraft on behalf of and with the knowledge and consent of the Insured and who complies with the requirements of Item 7 of the Declarations.

' PASSENGER'. Shall mean any person other than the pilot or member of the crew of the Aircraft while in, on or boarding the Aircraft for the purposes of riding or flying therein or plighting from the Aircraft following flight or attempted flight therein.

'OCCURRENCE'. Means either an accident happening during the Policy period or a continuous or repeated exposure to conditions which unexpectedly or unintentionally causes bodily injury or injury to or destruction of property during the Policy period. All damages arising out of such exposure to substantially the same general conditions shall be considered as arising out of one Occurrence.

Furthermore all spraying or dropping of one type of chemical or seed for one Farmer/Owner/Grower during one calendar day shall be considered as one Occurrence.

'AERIAL APPLICATION'. Shall mean the spraying or dropping of chemical or seed.

DECLARATIONS

ITEM NUMBER

1. NAME OF INSURED : (hereinafter referred to as 'the Named Insured')

ADDRESS :

2. PREMIUM :

3 POLICY PERIOD OF From: INSURANCE To:

both days at 12.01 am Local Standard Time at the address as stated above.

4. The insurance afforded is only with respect to such and so many of the following coverages as are indicated by the specific limits of liability shown below. The limit of Insurers' liability against each such coverage shall be as stated herein, subject to all the terms of the Policy having reference thereto.

COVERAGES

(As described in the Insuring Agreements) LIMITS OF LIABILITY

A. BODILY INJURY LIABILITY $ each person(excluding Passengers, $ each Occurrencepilot or member of the crew)

B. PROPERTY DAMAGE LIABILITY $ each Occurrence

C. SINGLE LIMIT BODILY INJURY (excluding Passengers , $ each Occurrence pilot or member of the crew) and PROPERTY DAMAGE LIABILITY

5. DESCRIPTION OF AIRCRAFT

IDENTIFICATION MAKE. MODEL TYPE* MARKS SERIAL NO.

* Fixed Wing. Rotorcraft

6. USES

Private and pleasurepurposes but not for any business or profession other than Aerial Application.

7. PILOT REQUIREMENTS:

a current and valid certificate of competency and medical certificate and having a Minimum:-

(a) Total Logged Fixed Wing Flying Hours of:-(b) Total Logged Helicopter Flying Hours of:-(c) Total Logged Fixed Wing Aerial Application Flying Hours of: -(d) Total Logged Helicopter Aerial Application Flying Hours of:-

8. SERVICE OF SUIT : Service of process may be made upon:-

LPO 417D 1.10.96

AIRCRAFT CONSEQUENTIAL LOSS POLICY

WHEREAS the Insured described in the Schedule hereto (hereinafter called "the Insured") has applied to the Insurers for the insurance hereinafter contained and has agreed to pay the Premium stated in the said Schedule as consideration for such insurance during the Period of Insurance stated in the said Schedule,

NOW THIS POLICY WITNESSETH that subject to the Terms Exceptions Limitations and Conditions contained herein or endorsed hereon if the Insured shall sustain any loss arising from the Insured's inability to utilise any of the Aircraft specified in the Schedule as a direct result of accidental damage occurring during the Period of Insurance to such Aircraft and in respect of which damage a valid and collectable claim can be made (or could be made save only for the application of any deductible provision) under the Policy (hereinafter referred to as "the Hull Policy") issued by the Hull Insurers specified in the Schedule and covering the said Aircraft both for Flight Risks and for Ground Risks then the Insurers will pay to the Insured the benefits set out in the Scale of Compensation.

EXCEPTIONS

The Insurers shall not be liable under this Policy:-

(a) in the event of any payment being made under the Hull Policy as a result of any Breach of Warranty provision therein or on the basis of a Total Loss, Constructive Total Lost; or Arranged Total Loss;

(b) to make any payment in respect of the period immediately following the accidental damage referred to herein (hereinafter referred to as the "Excess Period") and specified in the Schedule hereto;

(c) in respect of any damage which is attributable to the willful and malicious act of the Insured or of any Agent or servant of the Insured or other person under the control of the Insured acting within the scope of his employment or authority;

(d) if the Insured is entitled to an indemnity under any other consequential loss insurance or total loss only Hull Insurance in addition to the Hull Policy referred to above unless written notice of the existence of such other policy/ies shall have been given to the Insurers and accepted by endorsement hereon.

CONDITIONS

The Policy and the Schedule shall be read together as one contract and any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule shall bear the same meaning wherever it may appear.

1. The due observance and fulfillment of the terms provisions conditions and endorsements of this Policy in so far as they relate to anything to be done or complied with by the Insured shall be conditions precedent to any liability of the Insurers to make any payment under this Policy.

2. Should there be any change in the circumstances or nature of the risks which are the basis of this contract the Insured shall give immediate notice thereof to the Insurers and no claim arising subsequent to such change shall be recoverable hereunder unless such change has been accepted by the Insurers.

3. In the event of loss of or damage to the Insured's Aircraft likely to result in a claim hereunder the Insured shall give written notice thereof to the Insurers immediately after the occurrence has come to the knowledge of the Insured.

4. The Insured shall take all reasonable steps to do and concur in doing all things practicable to avoid or diminish loss hereunder and to have the operation of the Aircraft resumed as early as is possible.

5. In the event of a claim hereunder not reaching the maximum amount payable in respect of the damaged Aircraft the Policy shall remain in effect for the balance remaining between the amount paid to dispose of such claim and the maximum compensation payable in respect of that Aircraft. The amount of any claim paid hereunder may be reinstated if the Insurers so agree subject to the payment of a premium to be agreed prior to such reinstatement.

6. The Insured may delete Aircraft from the Schedule of this Policy when subject to prior notice to the Insurers the following return of premium will be allowed:-

(a) in the case of an Aircraft which has not been the subject of a claim hereunder a proportionate part of the premium relative to the unexpired period of insurance;

(b) in the case of an Aircraft which has been the subject of a claim not reaching the maximum amount payable hereunder a proportionate part of the premium calculated on the residual sum insured and relative to the unexpired period of insurance.

There will be no return of premium in respect of an Aircraft the subject of a claim settled for the maximum amount payable hereunder unless reinstatement has been agreed between the Insurers and the Insured and the appropriate premium has been paid to the Insurers. If the deletion of an Aircraft results in fact in the extinction of the Policy the deletion shall be regarded as a cancellation of the Policy by the Insured and the appropriate provisions of Condition (7) shall apply.

7. Insurers may cancel this Policy by sending fifteen days' notice by registered letter to the Insured at his last known address and in such event will return to the Insured the Premium less the pro rata portion thereof for the period the Policy has been in force.

The Insured may cancel this Policy at any time on fifteen days' notice and (provided no claim has arisen during the Period of Insurance) the Insured shall be entitled to a return of the Premium less premium at the Insurers' Short Period rates for the time the Policy has been in force. If a claim has been made or is pending hereunder the Insured shall be entitled to a return of premium calculated as aforementioned on the sum insured remaining in force under the terms of Condition (5) hereof.

8. If the Insured shall make any claim knowing the same to be false or fraudulent as regards amount or otherwise this Policy shall become void and all claims hereunder shall be forfeited.

9. Insurers shall be entitled if they so desire to prosecute in the name of the Insured for their own benefit any claim for indemnity or damages or otherwise and shall have full discretion in the conduct of any proceedings and in the settlement of any claim and the Insured shall give all such information and assistance as the Insurers may require.

10. All differences arising out of this Policy shall be referred to the decision of an Arbitrator to be appointed in writing by the parties in difference or if they cannot agree upon a single Arbitrator to the decision of two Arbitrators one to be appointed in writing by each of the parties within one calendar month after having been required in writing so to do by either of the parties or in case the Arbitrators do not agree of an Umpire appointed in writing by the Arbitrators before entering upon the reference. The Umpire shall sit with the Arbitrators and preside at their meetings and the making of an Award shall be a condition precedent to any right of action against Insurers. If the Insurers shall disclaim liability to the Insured for any claim hereunder and such claim shall not within twelve calendar months from the date of such disclaimer have been referred to arbitration under the provisions herein contained then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder. Unless otherwise mutually agreed between the parties such arbitration shall take place in London.

SCHEDULE

POLICY NUMBER

THE INSURED: Name

Address

Nature of Insured's Interest in Specified Aircraft:

AIRCRAFT

Registration Marks: Constructor and Model

PERIOD OF INSURANCE PREMIUM

from to

HULL INSURERS:

EXCESS PERIOD: days

SCALE OF COMPENSATION:

Per day in respect of any one Aircraft: such amount to be payable monthly in arrears.

Maximum amount payable in respect of any one Aircraft:

DEFINITION:

"DAY" means each complete period of twenty-four hours commencing with the time of the occurrence giving rise to a claim hereunder or where through circumstances it is impossible to prove beyond reasonable doubt the actual time of accident each complete period of twenty-four hours commencing from the estimated time of arrival at the next intended place of landing in the case of damage to the Insured Aircraft during flight or each complete period of twenty-four hours commencing from the time of discovery of the damage to the Insured Aircraft when not in flight.

This Policy is extended to include the cost of hire or rental of aircraft parts following upon accidental damage as described :herein, such hire or rental being found necessary in compliance with Condition (4) hereof and being of a temporary nature pending the repair or replacement of the damaged parts.

Insurers will pay such hire or rental charges (including the costs of installing and dismantling and incurred freight charges) provided always that:-

1) The parts used in temporary replacement are not parts which the Insured should reasonably keep in his stock of spares in the normal course of his business.

2) Condition (3) hereof is complied with.

3) Insurers' prior agreement is obtained for such hiring or rental.

4) No payment under this extension will exceed the amount that would have been paid under this Policy in the absence of such hiring or rental.

All terms clauses and conditions herein remain unaltered.

BRITISH AVIATION INSURANCE GROUP

AMT 100 AIR MEET INSURANCE POLICYThe Insured must read this Policy as a complete document and refer to all of its contents and not just to individual parts. The Insured should return the Policy to the Insurers immediately for alteration if they believe it is incorrect. The Insured should seek clarification of anything which they do not understand.

The Insured shall observe and fulfil all of the terms and conditions of this Policy as a condition precedent to the liability of the Insurers to make any payment under this Policy.

It is a condition to any payment under this Policy that the Insured will act at all times as though they were un-insured and this Policy had not been issued.

If the Insured or any representative of the Insured conceals, misrepresents or fails to disclose any fact or circumstance which affects this Policy or its formation, the Policy will be voidable from inception.

If the Insured or any representative of the Insured commits fraud or attempts to do so in connection with any claim under this Policy, the Policy is void.

THE SCHEDULE

Policy Number:

Name of Insured:

Insured also means any person employed or hired by the Insured named above whilst acting within the scope of their duties for or on behalf of the Insured.

Address of Insured:

Policy Period:

Limit of Indemnity: (any one Occurrence)

Additional costs and expenses: (any one Occurrence)

Deductible:

(each and every loss)

Location of Air Meet:

Premium:

All notices and communications required to be given under this Policy shall be given through

AMT.100

WHAT THIS POLICY COVERS

The Insurers will indemnify the Insured for all sums, up to the Limit of Indemnity stated in the Schedule and subject to any applicable Deductible stated in the Schedule, which the Insured is held legally liable to pay, and shall pay, as compensatory damages arising out of an Occurrence which causes Bodily Injury or Property Damage directly in connection with the Air Meet organised or sponsored by the Insured at the location specified in the Schedule.

WHAT THIS POLICY DOES NOT COVER

The Insurers will not pay:-

1. for Bodily Injury or Property Damage caused by any mechanically propelled vehicle used by or on behalf of the Insured in circumstances which are covered by the requirements of any motor insurance law, or, where no such law exists, whilst the vehicle is on a public highway.

2. for Property Damage to property which the Insured owns, leases, rents, uses or occupies or which is in their care, custody or control for their own use.

3. for Bodily Injury to any person arising out of and in the course of their employment by the Insured or liability for which the Insured or his insurer may be held liable under any workers compensation, employers liability, unemployment compensation or disability benefits law or any similar law.

4. punitive, aggravated or exemplary damages.

5. claims which are payable under any other policy of insurance, except in respect of any excess beyond the amount which would have been payable under such other policy hid this Policy not been effected.

6. for Bodily Injury or Property Damage caused by any participant in the Air Meet or by any participating aircraft, vehicle or device.

7. for Bodily Injury or Property Damage arising out of any goods or products manufactured, repaired, treated, sold, supplied or distributed by the Insured once the goods or products are no longer in the possession or under the control of the Insured

8. for Bodily Injury or Property Damage arising out of the Insured's use of any aircraft which they own or which is operated on their behalf.

9. for Bodily Injury or Property Damage arising out of the use of pyrotechnics.

10. for liability arising under the terms of any contract or agreement which the Insured has entered into unless the prior permission of the Insurers has been obtained.

WAR AND OTHER PERILS EXCLUSION

This Policy does not cover claims caused by:-

1. war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war', rebellion, revolution, insurrection, martial law, military or usurped power or attempts at usurpation of power.

2. any hostile detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

3. strikes, riots, civil commotions or labour disturbances,

4. any act of one or more persons, whether or not agents of a sovereign Power, for political or terrorist purposes and whether the loss or damage resulting therefrom is accidental or intentional.

5. any malicious act or act of sabotage

NUCLEAR RISKS EXCLUSION

This Policy does not cover:

i) loss of or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss

ii) any legal liability of whatsoever nature

directly or indirectly caused by or contributed to by or arising from:

a) the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof;

b) ionizing radiations or contamination by radioactivity from, or the toxic, explosive or other hazardous properties of, any other radioactive source whatsoever.

NOISE AND POLLUTION AND OTHER PERILS EXCLUSION CLAUSE

1. This Policy does not cover claims directly or indirectly occasioned by, happening through or in consequence of -

(a) noise (whether audible to the human ear or not), vibration, sonic boom and any phenomena associated therewith,

(b) pollution and contamination of any kind whatsoever,

(c) electrical and electromagnetic interference,

(d) interference with the use of property;

unless caused by or resulting in a crash fire explosion or collision or a recorded in-flight emergency causing abnormal Aircraft operation.

2. With respect to any provision in this Policy concerning any duty of the Insurers to investigate or defend claims, such provision shall not apply and the Insurers shall Hot be required to defend

(a) claims excluded by Paragraph 1 or

(b) a claim or claims covered by this Policy when combined with any claims excluded by Paragraph 1 (referred to below as "Combined Claims").

3. In respect of any Combined Claims, the Insurers shall (subject to proof of loss and the limits of the Policy) reimburse the Insured for that portion of the following items which may be allocated to the claims covered by this Policy:

(a) damages awarded against the Insured and

(b) defence fees and expenses incurred by the Insured.

4 This clause does not override the Nuclear Risks Exclusion contained in this Policy.

CONDITIONS WHICH APPLY TO THIS POLICY

1. The Insured shall, by means of fences and/or guards, take all practical steps to prevent spectators from encroaching upon that part of the location specified in the Schedule intended for the taxying, launching or landing of aircraft or devices.

2. The Insured shall and will at all times exercise reasonable care in seeing that all stands, ways, works, machinery and any other property used are substantial and sound and maintained in proper order and good repair and are fit for the purposes for which they are used and that all reasonable safeguards and precautions against accidents are provided and used.

3. The contract for the insured Air Meet shall provide (a) that it is conducted in accordance with the regulations prescribed by the Civil Aviation Authority or appropriate Aviation Authority (b) that

participants are required to comply with such regulations and (c) that all participants are adequately insured.

4. An adequate force of police and civilian guards will be present to control the public and an adequate number of competent marshals and stewards will be provided to control the movements of aircraft, vehicles and devices.

5. No pylons shall be placed less than the distance approved by a duly authorised Inspector of the Civil Aviation Authority or appropriate Aviation Authority.

6. No glider shall be towed over spectators.

7. No part of any race shall be over an area reserved for spectators.

All participants in the Air Meet shall be specifically instructed to avoid flying over spectators and also be made aware of the landing and take-off regulations to apply.

In the event that prevailing winds make it necessary for take-offs to be made in the direction of the spectators, such take-offs shall be made only in any area specified and in a manner specified by a Civil Aviation Authority Inspector or appropriate Aviation Authority, but every effort must then be made to avoid taking off directly towards: spectators.

DEFENCE OF LEGAL ACTIONS AND PAYMENT OF COSTS AND EXPENSES

The Insurers will defend any legal action which is brought against the Insured alleging Bodily Injury or Property Damage, in respect of the Insurance provided by this Policy, even if the action is proved to be false or fraudulent, but the Insurers shall have the right to make such investigation, negotiations and settlement of any claim or suit as they feel right and proper.

The Insurers will pay the costs and expenses set out in the following paragraphs in addition to any amounts paid in settlement of claims against the Insured:-

1. legal costs and expenses which are incurred by the Insurers in defending any action against the Insured, including costs of investigating, negotiating and settling the action.

2. costs awarded against the Insured in any action against them.

3. interest after judgment against the Insured.

4. premiums for providing any bonds which are required in connection with any legal action, although the Insurers will not be responsible for obtaining the bonds unless they so wish.

5. expenses reasonably incurred at the request of the Insurers in connection with any legal action, although the Insurers will not pay for loss of earnings or salaries of the Insured or anyone employed by them.

Should the amount paid or awarded in settlement against the Insured exceed the Limit of Indemnity stated in the Schedule die liability of the Insurers for payments as detailed in I to 3 above will be limited to the .same proportion as the Limit of Indemnity bears to the amount paid or awarded in settlement.

Notwithstanding any of the above, the Insurers shall have the right to tender the Limit of Indemnity in settlement of a claim if they consider it to be appropriate to do so. In this event the Insurers' obligations under this Policy will cease as regards the claim.

ADDITIONAL COSTS AND EXPENSES

The Insurers will, subject to their prior approval being obtained, pay, in addition to any amounts payable under this Policy and up to the amount stated in the Schedule, any costs and expenses necessarily incurred by or charged against the Insured as a direct result of an Occurrence for which coverage is provided by this Policy,

The Insurers' prior approval will not, however, be required for necessary emergency medical expenses incurred following an Occurrence.

CROSS LIABILITY

The inclusion of additional Insureds in any part of this Policy shall not preclude the rights of the Insured stated in the Schedule to protection under this Policy from claims made against them by the additional Insureds or their employees.

LIMITATION OF INDEMNITY

Even though this Policy may apply to more than one Insured, whether additional or otherwise, the total liability of the Insurers under this Policy in respect of any or all Insureds will not exceed the Limit of Indemnity stated in the Schedule.

CLAIMS PROCEDURE

The Insured must fully comply with the following procedures before the Insurers shall be obliged to make payment of any amounts under this Policy.

The Insured must

1 notify the Insurers, by the quickest means possible, of any Occurrence or event which could result in a claim under this Policy, including details of:-

(a) the nature and place of the Occurrence or event.

(b) deaths, injuries and damage to property.

(c) names and addresses of any witnesses.

(d) the name and telephone number of a contact for further information.

Any information given by telephone, telex or facsimile must be confirmed by mail.

2. help the Insurers at investigations, hearings, trials, inquests and the like as and when required.

3. send to the Insurers any documents received when a claim is made or a suit is filed against them.

The Insured must not

1) act in any way to the detriment of the Insurers.

2) make statements without the permission of the Insurers other than to a government official or other authorised person.

3) make promises to pay amounts to any person other than the cost of providing emergency services which are imperative at the time and place of an Occurrence.

Such payment shall not constitute an admission of liability of the Insured or the Insurers to pay under this Policy.

4) assume or admit any liability without the permission of the Insurers.

ASSIGNMENT

The Insured's interest under this Policy cannot be assigned without the prior permission of the Insurers!.

SUBROGATION

When the Insurers pay a claim under this Policy they will be entitled to take over the Insured's rights of recovery against any other person or organisation and to institute legal proceedings in the Insured's name. The Insured must not do anything that will interfere with the Insurers' ability to make such recovery and agrees to assist in every way possible and to give evidence if necessary.

The Insurers shall have the right to request that the Insured's rights be assigned to them, such request not to be unreasonably withheld.

CHANGES

A notice to an agent or knowledge possessed by an agent or by any other person shall not effect a change to any part of this Policy or prevent the Insurers from asserting their rights under this Policy; changes can only be made to this Policy by the addition of endorsements issued by the Insurers.

JURISDICTION

This Policy has been constructed and any dispute or difference arising between the Insured and the Insurers concerning the formation or execution of this Policy shall be settled in accordance with English Law.

CANCELLATION

Both the Insured and the Insurers have the right to cancel this Policy by either party

giving the other 30 days notice of the intention to do so.

If the Insured cancels the Policy the Insurers will retain short rate of the premium calculated in accordance with the customary short rate cancellation table.

If the Insurers cancel they will retain a proportionate part of the premium, calculated on a daily basis.

DEFINITIONS

The following words shall have the meanings set out below wherever used in this Policy.

"Occurrence" means an accident or a continued or repeated exposure to conditions occurring during the Policy Period which results in Bodily Injury or Property Damage, provided that such Bodily Injury or Property Damage is unexpectedly caused. All Bodily Injury and/or Property Damage arising out of exposure to substantially the same general conditions shall be deemed to arise out of one Occurrence.

'Bodily Injury" means physical injury sustained by any person, or sickness, disease, disability, shock, mental injury, mental anguish including death at any time resulting therefrom.

'Property Damage" means damage to or destruction of property and the resultant loss of use of such property.

CL 161 INSTITUTE REPLACEMENT CLAUSEIn the event of loss of or damage to any part or parts of an insured machine caused by a peril covered by the Policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and refitting, if incurred, but excluding duty unless the full duty is included in the amount insured, in which case loss, if any, sustained by payment of additional duty shall also be recoverable.

Provided always that in no case shall the liability of Underwriters exceed the insured value of the complete machine.

CL.161 1/1/34 Sold by Witherby & Co. Ltd., London

CL 252 INSTITUTE CARGO CLAUSES (A)

USE ONLY WITH THE NEW MARINE POLICY FORM) 1/1/82 CL 252

RISKS COVERED

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4, 5, 6 and 7 below.

2. This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from any cause except those excluded in Clauses 4, 5, 6 and 7 or elsewhere in this insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of affreightment "Both to Blame Collision" Clause as is in respect of a loss recoverable hereunder. In the event of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters who shall have the right, at their own cost and expense, to defend the Assured against such claim.

Risk Clause

General Average Clause

"Both to blame Collision" Clause

EXCLUSIONS

4. In no case shall this insurance cover

a. loss damage or expense attributable to wilful misconduct of the Assured

b. ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured

c. loss damage or expanse caused by insufficiency or unsuitability of packing or preparation of the subject-matter insured (for the purpose of this Clause 4.3 "packing" shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

d. loss damage or expense caused by inherent vice or nature of the subject-matter insured

e. loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above)

f. loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel

g. loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

General Exclusion Clause

5. 5.1 In no case shall this insurance cover loss damage or expense arising from

- unseaworthiness of vessel or craft,

- unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject-matter insured,

Unseaworthiness and Unfitness Exclusion Clause

where the Assured or their servants are privy to such unseaworthiness or unfitness, at the time the subject-matter insured is loaded therein.

5.2. The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are privy to such unseaworthiness or unfitness.

6. In o case shall this insurance cover loss damage or expense caused by

6.1. war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power

6.2. capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or any attempt thereat

6.3. derelict mines torpedoes bombs or other derelict weapons of war.

War Exclusion Clause

7. In no case shall this insurance cover loss damage or expense

7.1. caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

7.2. resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

7.3. caused by any terrorist or any person acting from a political motive..

Strikes Exclusion Clause

DURATION

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either

8.1.2.1 for storage other than in the ordinary course of transit or

8.1.2.2 for allocation or distribution,

or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods hereby insured from the oversea vessel at the final port of discharge, whichever shall first occur.

8.2. If, after discharge overside from the oversea vessel at the final port of discharge, but prior to termination of this insurance, the goods are to be forwarded to a destination other than that to which they are insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such other destination.

Transit Clause

8.3. This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 9 below) during delay beyond the control of the Assured, any deviation, forced discharge, reshipment or transshipment and during any variation of the adventure arising from the exercise of a liberty panted to shipowners or charterers under the contract of affreightment.

Termination of Contract of carriage Clause

9. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port or place other than the destination named therein or the transit is otherwise terminated before delivery of the goods as provided for in Clause 8 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the Underwriters, either

9.1. until the goods are sold and delivered at such port or place, or, unless otherwise specially agreed, until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever shall first occur,

or

9.2. if the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the previsions of Clause 8 above.

10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

Change of Voyage Clause

CLAIMS

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured at the time of the loss.

11.2.Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a port or place other than that to which the subject-matter is covered under this insurance, the Underwriters will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and forwarding the subject-matter to the destination to which it is insured hereunder.

This Clause 12, which does not apply to general average or salvage charges, shall be subject to the exclusions contained in Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or financial default of the Assured or their servants.

Insurable Interest Clause

Forwarding Charges Clause

13. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances covering the loss, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under al other insurances.

Constructive Total Loss Clause

Increased Value Clause

14.2. Where this insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and all Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other insurances.

BENEFIT OF INSURANCE

15. This insurance shall not inure to the benefit of the carrier or other bailee.

Not to Inure Clause

MINIMISING LOSSES

16. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder

16.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss,

and

16.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and exercised, and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-matter insured shall not be considered as a waiver or acceptance o: abandonment or otherwise prejudice the rights of either party.

Duty of Assured Clause

Waiver Clause

AVOIDANCE OF DELAY

15. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.

LAW AND PRACTICE

16. This insurance is subject to English law and practice.

NOTE:- It is necessary for the Assured when they become aware of an event which is "held covered" under this insurance to give prompt notice to the Underwriters and the right to such, cover is dependent upon compliance with this obligation.

Reasonable Despatch Clause

English Law and Practice Clause

CL 252 Sold by Witherby & Cc. Ltd., London

CL 255 INSTITUTE WAR CLAUSES (CARGO) (FOR USE ONLY WITH THE NEW MARINE POLICY FORM) 1/1/82 CL 255

RISKS COVERED

1 This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-matter insured caused by

1.1 war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power

1.2 capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or any attempt thereat

1.3 derelict mines torpedoes bombs or other derelict weapons of war.

2 This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from a risk covered under these clauses..

Risk Clause


EXCLUSIONS

3 In no case shall this insurance cover

3.1 loss, damage or expense attributable to wilful misconduct of the Assured

3.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured

3.3 loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject-matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

3.4 loss, damage or expense caused by inherent vice or nature of the subject-matter insured

3.5 loss, damage or expense proximately caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above)

3.6 loss, damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel


3.7 any claim based upon loss of or frustration of the voyage or adventure

3.8 loss, damage or expense arising from any hostile use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.


Unseaworthiness and Unfitness

Exclusion Clause


- unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject-matter insured,


4.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and Fitness of the ship to carry the subject-matter insured to

Transit Clause

destination, unless the Assured or their servants are privy to such unseaworthiness or unfitness.

DURATION

5 5.1 This insurance5.1.1attaches only as the subject-matter insured and as to any part as that part is

loaded on an oversea vessel; and

5.1.2 terminates, subject to 5.2 and 5.3 below, either as the subject-matter insured and as to any part as that part is discharged from an oversea vessel at the final port or place of discharge,

or

on expiry of 15 days counting from midnight of the day of arrival of the vessel at the final port or place of discharge,

whichever shall first occur;

nevertheless,

subject to prompt notice to the Underwriters and to an additional premium, such insurance

5.1.3 reattaches when, without having discharged the subject-matter insured at the final port or place of discharge, the vessel sails therefrom, and

5.1.4 terminates, subject to 5.2 and 5.3 below, either as the 'subject-matter insured and as to any part as that part is thereafter discharged from the vessel at the final (or substituted) port or place of discharge,

or

on expiry of 15 days counting from midnight of the day of re-arrival of the vessel at the final port or place of discharge or arrival of the vessel at a substituted port or place of discharge,

whichever shall first occur.

5.2 If during the insured voyage the oversea vessel arrives at an intermediate port or place to discharge the subject-matter insured for on-carriage by oversea vessel or by aircraft, or the goods are discharged from the vessel at a port or place of refuge, then, subject to 5.3 below and to an 'additional premium if required, this insurance continues until the expiry of 15 days counting from midnight of the day of arrival of the vessel at such port or place, but thereafter re attaches as the subject-matter insured and as to any part as that part is loaded on an on-carrying oversea vessel or aircraft. During the period of 15 days the insurance remains in force after discharge only whilst the subject-matter insured and as to any part as that part is at such port or place. If the goods are on-carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 5.2

5.2.1where the on-carriage is by oversea vessel this insurance continues subject to the terms of these clauses,

or5.2.2 where the on-carriage is by aircraft, the current Institute War Clauses (Air

Cargo) (excluding sendings by Post) shall be deemed to form part of this insurance and shall apply to the on-carriage by air.

5.3 If the voyage in the contract of carriage is terminated at a port or place other than the destination agreed therein, such port or place shall be deemed the final port of discharge and such insurance terminates in accordance with 5.1.2. If the subject-matter insured is subsequently reshipped to the original or any other destination, then provided notice is given to the Underwriters before the commencement of

such further transit and subject to an additional premium, such insurance reattaches

5.3.1in the case of the subject-matter insured having been discharged, as the subject-matter insured and as to any part as that part is loaded on the on-carrying vessel for the voyage;

5.3.2in the case of the subject-matter not having been discharged, when the vessel sails from such deemed final port of discharge;

thereafter such insurance terminates in accordance with 5.1.4.

5.4 The insurance against the risks of mines and derelict torpedoes, floating or submerged, is extended whilst the subject-matter insured or any part thereof is on craft whilst in transit to or from the oversea vessel, but in no case beyond the expiry of 60 days after discharge from the oversea vessel unless otherwise specially agreed by the Underwriters.

5.5 Subject to prompt notice to Underwriters, -and to an additional premium if required, this insurance shall remain in force within the provisions of these Clauses during any deviation, or any variation of the adventure arising from the exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

(For the purpose of Clause 5

"arrival" shall be deemed to mean that the vessel is anchored, moored or otherwise secured at a berth or place within the Harbor Authority area. If such a berth or place is not available, arrival is deemed to have occurred when the vessel first anchors, moors or otherwise secures either at or off the intended port or place of discharge

"oversea vessel" shall be deemed to mean a vessel carrying the subject-matter from one port or place to another where such voyage involves a sea passage by that vessel)


7. Anything contained in this contract which is inconsistent with Clauses 3.7, 3.8 or 5 shall, to the extent of such inconsistency, be null and void.

Change of Voyage Clause

CLAIMS

8 8.1 In order to recover under this insurance the Assured must have an insurable nterest in the subject-matter insured at the time of the loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

9 9.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances covering the loss, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.


9.2 Where this insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and all Increased Value insurances covering



the loss and effected on the cargo by the Assured, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.




MINIMISING LOSSES



and

11.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and exercised

and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

12 Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.

Not to Inure Clause


Waiver Clause

AVOIDANCE OF DELAY


LAW AND PRACTICE


NOTE:- It is necessary for the Assured when they become aware of an event which is "held covered" under this insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance with this obligation.


English law and Practice Clause

CL 255 Sold by Witherby & Co. Ltd., London

CL 256 INSTITUTE STRIKES CLAUSES (CARGO)(FOR USE ONLY WITH THE NEW MARINE POLICY FORM 1/1/82) CL 256

RISKS COVERED

1. This insurance covers, except as provided in Clause 3 and 4 below, loss of or damage to the subject-matter insured caused by

1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive.

2. This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from a risk covered under these clauses.

EXCLUSIONS


3.1 loss damage or expense attributable to wilful misconduct of the Assured


3.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject-matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

3.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured

3.5 loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above)

3.6 loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel

3.7 loss damage or expense arising from the absence shortage or withholding of labour of any description whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion


3.9 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter

3.10 loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power.(If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port or place other than the destination named therein or the transit is otherwise terminated before delivery of the goods as provided for in Clause 5 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the Underwriters, either

Risk Clause





- and unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject-matter insured,


4.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are privy to such unseaworthiness or unfitness

Unseaworthiness and Unfitness Exclusion Clause

DURATION

5 5.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either

5.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination named herein,

5.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either

5.1.2.1 for storage other than in the ordinary course of transit; or

5.1.2.2 for allocation or distribution, or

5.1.3.1 on the expiry of 60 days after completion of discharge overside of the goods hereby insured from the oversea vessel at the final port of discharge,


5.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to termination of this insurance, the goods are to be forwarded to a destination other than that to which they are insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such other destination.

5.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 6 below) during delay beyond the control of the Assured, any deviation, forced discharge, reshipment or transhipment and during any variation of the adventure arising from the exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

Transit Clause

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port or place other than the destination named therein or the transit is otherwise terminated before delivery of the goods as provided for in Clause 5 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the Underwriters, either

Termination of Contract of Carriage Clause

6.1 until the goods are sold and delivered at such port or place, or, unless Change of

otherwise specially agreed, until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever shall first occur,

or

6.2 if the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the provisions of Clause 5 above.

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and on conditions to be arranged subject to prompt notice being given to the Underwriters

Voyage Clause

CLAIMS

8 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured at the time of the loss.





In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other insurances





10. This insurance shall not inure to the benefit of the carrier or other bailee

Not to Inure Clause

MINIMISING LOSSES

11. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder.

11.1 to take such measures as may be reasonable for the purpose of averting or


minimising such loss, and



12. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-matter C insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.

Waiver Clause

AVOIDANCE OF DELAY

13 It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.

LAW AND PRACTICE





CL.256 Sold by Witherby & Co. Ltd., London

CL 257 INSTITUTE WAR CLAUSES(sendings by Post)

(FOR USE ONLY WITH THE NEW MARINE POLICY FORM) Vl/82 CL 257

RISKS COVERED

1. This insurance covers, except as provided in Clause 3 below, loss of or damage to the subject-matter insured caused by


1.2 capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or any attempt thereat,


2 This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from a risk covered under these clauses.

EXCLUSIONS






3.5 loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above)


3.7 loss damage or expense arising from any hostile use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

Risk Clause



DURATION

4 This insurance attaches only as the subject-matter insured and as to any part as that part leaves the premises of the senders at the place named in the insurance for the commencement of the transit and continues, but with the exclusion of any period during which the subject-matter is in packers' premises, until the subject-matter insured and as to any part as that part is delivered to the address on the postal package(s) when this insurance shall terminate.

Transit Clause

5. Anything contained in this contract which is inconsistent with Clauses 3.6, 3.7 or 4 shall, to the extent of such inconsistency, be null and void.

CLAIMS

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured at the time of the loss.



MINIMISING LOOSES

7. It is the duty of the Assured and their servants and agents in t respect of loss recoverable hereunder


and


and the Underwriters will, in addition to any loss recoverable hereunder- reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

8. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-matter c insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.


Waiver Clause

AVOIDANCE OF DELAY


(LAW AND PRACTICE

10 This insurance is subject to English law and practice.




CL 258 INSTITUTE WAR CLAUSES (AIR CARGO)(excluding sendings by Post)

(For use only with the new marine policy form) 1/1/82 CL 258

RISKS COVERED



1.2 capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or any attempt thereat


EXCLUSIONS






2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against

2.7 loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the aircraft


2.9 loss damage or expense arising from any hostile use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

Risk Clause


DURATION

3 3.1 This insurance

3.1.1 attaches only as the subject-matter insured and as to any part as that part is loaded on the aircraft for the commencement of the air transit insured

and

Transit Clause

3.1.2 terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured and as to any part as that part is discharged from the aircraft at the final place of discharge

or on expiry of 15 days counting from midnight of the day of arrival of the aircraft at the final place of discharge,

whichever shall first occur;

nevertheless,

subject to prompt notice to the Underwriters and to an additional premium, such insurance

3.1.3 reattaches when, without having discharged the subject-matter insured at the final place of discharge, the aircraft departs therefrom,

and

3.1.4 terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured and as to any part as that part is thereafter discharged from the aircraft at the final (or substituted) place of discharge,

or

on expiry of 15 days counting from midnight of the day of re-arrival of the aircraft at the final place of discharge or arrival of the aircraft at a substituted place of discharge,


3.2 If during the insured transit the aircraft arrives at an intermediate place to discharge the subject-matter insured for on-carriage by aircraft or oversea vessel, then, subject to 3.3 below and to an additional premium if required, this insurance continues until the expiry of 15 days counting from midnight of the day of arrival of the aircraft at such place, but thereafter reattaches as the subject-matter insured and as to any part as that part is loaded on an on-carrying aircraft or oversea vessel. During the period of 15 days the insurance remains in force after discharge only whilst the subject-matter insured and as to any part as that part is at such intermediate place. If the goods are on-carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 3.2

3.2.1 where the on-carriage is by aircraft this insurance continues subject to the terms of these clauses,

3.2.2 where the on-carriage is by oversea vessel, the current Institute War Clauses (Cargo) shall be deemed to form part of this insurance and shall apply to the on-carriage by sea.

3.3 If the air transit in the contract of carriage is terminated at a place other than the destination agreed therein, that place shall be deemed to be the final place of discharge and such insurance terminates in accordance with 3.1.2. If the subject-matter insured is subsequently consigned to the original or any other destination, then, provided notice is given to the Underwriters before the commencement of such further transit and subject to an additional premium, such insurance re attaches

3.3.1 in the case of the subject-matter insured having been discharged, as the subject-matter insured and as to any part as that part is loaded on the on-carrying aircraft for the transit;

3.3.2 in the case -of the subject-matter insured not having been discharged, when the aircraft departs from such deemed final place of discharge;

thereafter such insurance terminates in accordance with 3.1.4.

3.4 Subject to prompt notice to Underwriters, and to an additional premium if required, this insurance shall remain in force within the provisions of these Clauses during any deviation, or any variation of

the adventure arising from the exercise of a liberty panted to the air carrier under the contract of carriage.

(For the purpose of Clause 3

"oversea vessel" shall be deemed to mean a vessel carrying the subject-matter from one port or place to another where such voyage involves a sea passage by that vessel)


5 Anything contained in this contract which is inconsistent with Clauses 2.8, 2.9 or 3 shall, to the extent of such inconsistency, be null and void.

Change of Transit Clause

CLAIMS

6 6.1 In order to recover under this insurance the Assured must I have an insurable interest in the subject-matter insured at ' the time of the loss.











MINIMISING LOSSES


Not to Inure Clause



and



10. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.

AVOIDANCE OF DELAY


LAW AND PRACTICE



Waiver Clause




CL 259 INSTITUTE CARGO CLAUSES (AIR)(excluding sendings by Post)(for use only with the new marine policy form)

Risks Clause

General ExclusionsClause

War ExclusionClause

RISKS COVERED

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 2,3 and 4 below.

EXCLUSIONS






2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe carriage of the subject-matter insurer, where the Assured or their servants are privy to such unfitness at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against

2.7 loss damage or expense arising from insolvency or financial default of 'the owners managers charterers or operators of the aircraft

2.8 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

3. In no case shall this insurance cover loss damage or expense caused by


3.2 capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or any attempt thereat


Strikes Exclusion Clause

4. In no case shall this insurance cover loss damage or expense

4.1 caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

4.2 resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

4.3 caused by any terrorist or any person acting from a political motive.

Transit Clause

DURATION

5.1 This insurance attaches from the time the subject-matter insured leaves

the warehouse, premises or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either

Termination of Contract of Carriage Clause

Change of Transit Clause

5.1.1on delivery to the Consignees' or other final warehouse, premises or place of storage at the destination named herein,

5.1.2on delivery to any other warehouse, premises or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either


5.1.2.2 for allocation or distribution, or

5.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the final place of discharge, whichever shall first occur.

5.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this insurance, the subject-matter insured is forwarded to a destination other than that to which it is insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such other destination.

5.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 6 below) during delay beyond the control of the Assured, any deviation, forced discharge, reshipment or transshipment and during any variation of the adventure arising from the exercise of a liberty granted to the air carriers under the contract of carriage.

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a place other than the destination named therein or the transit is otherwise terminated before delivery of the subject-matter insured as provided for in Clause 5 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the Underwriters, either

6.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until the expiry of 30 days after arrival of the subject-matter hereby insured at such place, whichever shall first occur,

or

6.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the provisions of Clause 5 above


Forwarding

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and on conditions to be arranged subject to prompt notice being given to the Underwrit

CLAIMS

8. 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured at the time of the loss

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless

Charges Clause

Constructive Total Loss Clause


the Assured were aware of the loss and the Underwriters were not.

9. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a place other than that to which the subject-matter is covered under this insurance, the Underwriters will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and forwarding the subject-matter to the destination to which it is insured hereunder.

This Clause 9, which does not apply to general average or salvage charges, shall be subject to the exclusions contained in Clauses 2, 3 and 4 above, and shall not include charges arising from the fault negligence insolvency or financial default of the Assured or their servants.

10. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured would exceed its value on arrival.





In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under al1 other insurances.

Not to Insure Clause




MINIMISING LOOSES



and



14. Measures taken by the Assured or the Underwriters with the object of



saving, protecting or recovering the subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.

AVOIDANCE OF DELAY


LAW AND PRACTICE



CL 259 Sold by Witherby & Co. Ltd., London

CL 260 INSTITUTE STRIKES CLAUSES (AIR CARGO)(FOR USE ONLY WITH THE NEW MARINE POLICY FORM) 1/1/82 CL 260

Risks Clause

General Exclusions Clause

RISKS COVERED


1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive.

EXCLUSIONS






2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even I though the delay be caused by a risk insured against

2.7 loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the aircraft

2.8 loss damage or expense arising from the absence shortage or withholding of labour of any description whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion


2.10 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter

2.11 loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power.

Transit Clause

DURATION

3 3.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either

Termination of Contract of carriage Clause

Change of transit Clause

3.1.1 on delivery to the Consignees' or other final warehouse, premises or place of storage at the destination named herein

3.1.2 on delivery to any other warehouse, premises or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either


3.1.2.2 for allocation or distribution or

3.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the final place of discharge,


3.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this insurance, the subject-matter insured is forwarded to a destination other than that to which it is insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such other destination.

3.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 4 below) during delay beyond the control of the Assured, any deviation, forced discharge, reshipment or transhipment and during any variation of the adventure arising from the exercise of a liberty granted to the air carriers under the contract of carriage.

4. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a place other than the destination named therein or the transit is otherwise terminated before delivery of the subject-matter insured as provided for in Clause 3 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the Underwriters, either

4.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until the expiry of 30 days after arrival of the subject-matter hereby insured at such place, whichever shall first occur,

4.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the provisions of Clause 3 above


.

Insurable interest Clause

CLAIMS

6 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured at the time of the loss.

Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

Increased value Clause

7. 7.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances covering the loss, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.4.2 if the subject-matter is forwarded within the

Not to Inure Clause


Waiver Clause

said period of 30 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the provisions of Clause 3 above and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.





8. This insurance shall not inure to the benefit of the carrier or other bailee

MINIMISING LOSSES


9.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, and



10. Measures taken by the Assured or the Underwriters with the y object of saving, protecting or recovering the subject-matter ^ insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.



AVOIDANCE OF DELAY

11 It is a condition of this insurance that the Assured shall act with l reasonable despatch in all circumstances within their control.

LAW AND PRACTICE

12. This insurance is subject to English law and practice. I



CL 161 INSTITUTE REPLACEMENT CLAUSEIn the event of loss of or damage to any part or parts of an insured machine caused by a peril covered by the Policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and refitting, if incurred, but excluding duty unless the full duty is included in the amount insured, in which case loss, if any, sustained by payment of additional duty shall also be recoverable.

Provided always that in no case shall the liability of Underwriters exceed the insured value of the complete machine.

CL.161 1/1/34 Sold by Witherby & Co. Ltd., London

No Policy or other Contract dated on or after 1st Jan., 1924, will be recognised by the Committee of Lloyd's as entitling the holder to the benefit of the Funds and/or Guarantees lodged by the Underwriters of the Policy or Contract as security for their liabilities unless it bears at foot the Seal of Lloyd's Policy Signing Office.

ACV 1 LLOYD'S AIR CUSHION VEHICLE POLICY (HULL)(Subscribed only by Underwriting Members of Lloyd's all of whom have-complied with the requirements of the Insurance Companies Act, 1958,as to security and otherwise)

Whereas the Assured named in the Schedule herein (hereinafter called "the Assured") has paid the premium specified in the Schedule to the Underwriting Members of Lloyd's who have hereunto subscribed their Names (hereinafter called "the Underwriters"),

Now We the Underwriters agree to insure the Air Cushion Vehicle described in the Schedule (hereinafter called "the A.C.V.") against accidental loss or damage, as hereinafter defined, occurring during the Period of Insurance stated in the Schedule.

LOSS OF OR DAMAGE TO A.C.V.

The Underwriters agree to pay for or make good accidental loss of or damage to the A.C.V. (including (i) component parts thereof whilst detached from the A.C.V. and not replaced by similar parts; (ii) substituted parts whilst installed in the A.C.V.) whilst the A.C.V. is:—

(a) or the GROUND or on the WATER, including movement, mooring, launching, hauling up, engine running, and whilst being worked upon;

(b) in HOVER

but Underwriters shall not be liable to pay for or make good any loss or damage which is due and confined to wear and tear, deterioration, defects, failures and mechanical or electrical breakdowns but this exclusion does not apply to claims for the loss of or further damage to the A.C.V. resulting from such wear and tear, deterioration, defects, failures and mechanical or electrical breakdowns. Notwithstanding the foregoing, any power unit shall be regarded as one complete unit and shall be deemed to consist of the engine and ancillaries necessary for its operation as a power unit and claims for loss of or damage to any such power unit shall not be recoverable under this Policy when resulting from wear and tear, deterioration, defects, failures and mechanical or electrical breakdowns within such power unit.

The cover under this Policy shall not include loss of or damage to the A.C.V. due to: —

i) theft, burglary and larceny if such loss or damage was caused by a servant, agent or person under the control of the Assured;

ii) strikes, lock-outs, labour disturbances, riots or civil commotions.

In the event of any claim hereunder, other than for total or constructive total loss of the A.C.V., the Assured shall bear the amount shown in

i) column 6 of the Schedule whilst the A.C.V. is in hover, or

ii) column 5 of the Schedule whilst the A.C.V. is not in hover for each and every accident in respect of each A.C.V. described in the Schedule.

Warranted that these deductibles will remain uninsured.

Unless the Policy otherwise provides the provisions of the Marine Insurance Act 1906 and any statutory modification thereof shall apply to and be deemed to be incorporated in this Policy and such provisions shall be deemed to apply to air cushion vehicles.

A.C.V.1 (14.4.67)

Limit of Liability

The liability of the Underwriters shall not exceed the value shown in column 4 of the Schedule in respect of any one event plus expenses as hereinafter provided in the Sue and Labour Clause.

Sue and Labour Clause

The Underwriters will contribute in the proportions as hereinafter defined to sue and labour expenses incurred for the purpose of averting or diminishing any loss covered by this Policy.

The liability of the Underwriters under this Policy in respect of sue and labour expenses shall not exceed the proportion of such expenses that the amount insured hereunder bears to the value of the A.C.V. as stated herein, or to the sound value of the A.C.V. at the time of the occurrence giving rise to the expenditure if the sound value exceeds that value. Where Underwriters have admitted a claim for total loss and property insured by this Policy is saved, the foregoing provisions shall not apply unless the expenses of suing and labouring exceed the value of such property saved and then shall apply only to the amount of the expenses which is in excess of such value.

Where a claim for total loss of the A.C.V. is admitted under this Policy and expenses have been reasonably incurred in salving or attempting to salve the A.C.V. and other property and there are no proceeds, or the expenses exceed the proceeds, then this Policy shall bear its pro rata share of such proportion of the expenses, or of the expenses in excess of the proceeds, as the case may be, as may reasonably be regarded as having been incurred in respect of the A.C.V. but if the A.C.V. be insured for less than its sound value at the time of the occurrence giving rise to the expenditure, the amount recoverable under this clause shall be reduced in proportion to the under-insurance.

Notwithstanding the above the liability of the Underwriters under this clause shall not exceed 25% of the value shown in column 4 of the Schedule in respect of any one event.

Illegal Uses

Drivers

Transportation by other conveyance

GENERAL EXCLUSIONS

The Underwriters shall not be liable under this Policy in respect of any loss, damage or expense:-

1. Whilst the A.C.V. is being used for any illegal purpose, or for any purpose or purposes other than those stated in the Schedule or whilst outride the geographical limits named therein unless due to force majeure.

Nevertheless the Underwriters agree to hold covered the risks insured by this Policy in the event of the A.C.V. undertaking towage or salvage services under a contract previously arranged by the Owners and/or Managers and/or Hirers of the A.C.V. provided immediate notice be given to the Underwriters and any additional premium required be paid.

2. Whilst the A.C.V. is being operated by any Driver other than as stated in the Schedule.

3. Whilst the A.C.V. is being transported by any means of conveyance but the Underwriters agree to continue to cover the risks insured by this Policy, subject to the deductible in column 5 of the Schedule, during such transportation:-

Abnormal Usage

Non-Contribution

(i) provided prior noticehas been given to the Anderwriters and additional premium, if any, has been paid;

(ii) when the transportation results from an accident giving rise to a claim under this Policy.

4. Arising out of or directly or indirectly connected with racing, record attempts, speed trials, or any other operations involving abnormal hazards.

5. Which at the time of the event giving rise to such loss, damage or

War Risks

Radioactive Contamination

Certificate of Construction

expense, is insured by or would, but for the existence of this Policy, be insured by any other Policy or Policies except in respect of any excess beyond the amount which would have been payable under such other Policy or Policies had this Insurance not been effected.

6. Directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, nationalisation or requisition or destruction of or damage to property by or under the order of any government or public or local authority, or piracy.

7. Directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

8. Whilst the A.C.V. is being operated outside the limitations imposed by the Certificate of Construction and Performance unless due to force majeure or covered by special endorsement hereon

Additional Insurances

Classification

WARRANTIES

WARRANTED THAT:-

1. No additional Insurance on any hull interests on or in relation to any A.C.V. described in the Schedule, covering loss or damage insured by this Policy, with the knowledge of the Assured has been or shall be effected to operate during the currency of this Policy by or for account of the Assured, Owners, Managers, Mortgagees or Hirers excepting additional Insurance on terms and conditions identical with those contained in this Policy.

2. At the commencement of each hovering manoeuvre the A.C.V. shall be to the best of the Assured's knowledge and belief in every way fit to hover and that there shall be in force a Certificate of Construction and Performance issued or approved by the British Air Registration Board, or Lloyd's Register of Shipping or any other appropriate authority approved by the Underwriters.

Due Diligence

Claims Procedure

GENERAL CONDITIONS

1. The Assured shall at all times take reasonable steps to ensure the safety of the A.C.V.

2. In the event of any accident or occurrence which gives rise, or which may give rise to a claim under this Policy, the Assured shall comply with the "Instructions in case of Accident" hereinafter contained.

Claims Control

Log Books

Arbitration

Variation in Risks

3. The Underwriters shall be entitled at any time and for so long as they desire to take absolute control of all negotiations and proceedings and in the name of the Assured to settle or defend or prosecute any claim.

4. All requisite log books shall be kept properly completed and up to date and shall be available for production to the Underwriters.

5. If any dispute or difference shall arise between the Assured and the Underwriters in connection with this Insurance such difference or dispute shall be submitted to Arbitration in London in accordance with the statutory provision for Arbitration for the time being in force.

6. Should there be any material change in the circumstances or nature of the risks in respect of this Insurance the Assured shall give immediate notice thereof to the Underwriters and no claim arising subsequent to such change shall be recoverable hereunder unless such change has

Assignment

Sale or Transfer

Unrepaired Damage

Valuation

False and Fraudulent Claims

been accepted by the Underwriters.

7. This Policy shall not be assigned in whole or in part except with the consent of the Underwriters verified by endorsement hereon.

8. If the A.C.V. is sold or transferred to new management then unless the Underwriters agree in writing to continue the insurance this Policy shall become cancelled from the time of sale or transfer, unless the A.C.V. has cargo or passengers on board and has already departed from her place of loading or is operating without cargo or passengers, in either of which cases such cancellation shall, if required, be suspended until arrival at final place of discharge if with cargo or passengers, or at destination if without cargo or passengers. A pro rata daily return of premium shall be made unless such sale or transfer follows a payment on the basis of a total loss of the A.C.V. on this Policy.

9. In no case shall the Underwriters be liable for unrepaired damage in addition to a total loss sustained during the period covered by this Policy.

10. In ascertaining whether the A.C.V. is a constructive total loss the insured value shall be taken as the repaired value and nothing in respect of the damaged or break-up value of the A.C.V. or wreck shall be taken into account.

No claim for constructive total loss based upon the cost of recovery and/or repair of the A.C.V. shall be recoverable hereunder unless such cost would exceed the insured value. In the event of total or constructive total loss no claim to be made by the Underwriters for freight whether notice of abandonment has been given or not.

11. If the Assured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

Legal Requirements

Waiver Clause

Towage and Pilotage

General Average

12. If the Assured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

13. The Assured shall take all reasonable steps to see that all applicable Marine, Air and/or Road Traffic Acts or Regulations and Directions from time to time in force are complied with.

14. No acts of the Assured or the Underwriters in recovering, saving or preserving the A.C.V. shall be considered as a waiver or acceptance of abandonment.

SPECIAL CONDITIONS

1. The A.C.V. is covered subject to the provisions of this Policy at all times and has leave to sail or navigate with or without pilots, to go on trial trips and to assist vessels or craft in distress excluding towage by the A.C.V. in any circumstances, but it is warranted that the A.C.V. shall not be towed, except as is customary or when in need of assistance.

2. General Average and salvage to be adjusted according to the law and practice obtaining at the place where the adventure ends, as if the contract of affreightment contained no special terms upon the subject; but where the contract of affreightment so provides the adjustment shall be according to York-Antwerp Rules.

THE DUE OBSERVANCE AND FULFILLMENT OF THE TERMS AND CONDITIONS OF THIS POLICY SHALL BE CONDITIONS PRECEDENT TO ANY LIABILITY OF THE UNDERWRITERS TO MAKE ANY PAYMENT UNDER THIS POLICY.

Ingestion ClauseApplicable to multi-engined A.C.V.

It is agreed that, subject to the terms and conditions of this Policy, claims for damage to the A.C.V. by ingestion are only recoverable hereunder if attributable to a single recorded incident; loss of or damage to each power unit shall be deemed to be a separate claim and in the event of loss of or damage to two (2) or more power units by ingestion, a maximum of twice the applicable excess amount as stated in this Policy will be borne by the Assured in respect of each incident.

In the event of further damage to the A.C.V. resulting from such ingestion damage, the Assured shall be required to bear ONLY ONE excess in respect of the occurrence.

Ingestion damage by stones, grit, dust, sand, water, ice and the like which progressively results in damage to the power unit shall be regarded as wear and tear or depreciation and as such is not covered under this Policy.

Ingestion Clause Applicable to single-engined A.C.V.

It is agreed that, subject to the terms and conditions of this Policy, claims for damage to the A.C.V. by ingestion are only recoverable hereunder if attributable to a single recorded incident.

Ingestion damage by stones, grit, dust, sand, water, ice and the like which progressively results in damage to the power unit shall be regarded as wear and tear or depreciation and as such is not covered under this Policy.

Now know ye that We the Underwriters, Members of the Syndicates whose definitive numbers in the after-mentioned List of Underwriting Members of Lloyd's are set out in the attached Table, hereby bind ourselves each for his own part and not one for another, our Heirs, Executors and Administrators, and in respect of his due proportion only, to pay 5or or make good to the Assured or the Assured's Executors and Administrators all such Loss, Damage or Expense as aforesaid subject always to the terms, conditions and limitations contained herein or endorsed hereon or attached hereto and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the Total Sum Insured hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this Policy, bears the number specified in the attached Table and is available for Inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be furnished to the Assured on application.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has subscribed his name on behalf of each of us.

LLOYD'S POLICY SIGNING OFFICE,

GENERAL MANAGER

SCHEDULE

The Policy No.

The name and address of the Assured

The Premium

The period of Insurance

from to

Make, Type and Series

Number

Year of Constructio

n

Identification Marks

Insured Value

Ground, etc. Deductible

Hover Deductibl

e

Driver(s)

Purpose for which the A.C.V. will be used.

Geographical Limits.

Dated in London, the

Instructions in Case of Accident

(1) In the event of any accident or occurrence which gives rise, or may give rise, to a claim under this Policy, immediate notice shall be given thereof to the Underwriters through their authorised agents, giving details of the accident or occurrence. The most important points to include in the first report are as follows:—

a) The cause of the accident.

b) The approximate extent of the damage.

c) The position of the A.C.V.

d) Recommendations with regard to salvage or repairs or the safety of the A.C.V.

e) Telephone number or telegraphic address at which the person in charge of the A.C.V. can be contacted.

(2) In the event of the A.C.V. being damaged through any cause covered by this Policy the Assured shall take all reasonable steps to prevent any increase or aggravation of the damage or its consequences and may, subject to any statutory regulations, take immediate steps for the collection and repair of the A.C.V. by a repairer approved by the Underwriters. Dismantling or minor repairs may be proceeded with immediately subject to a prior estimate being forwarded to the Underwriters, but major repairs shall not be proceeded with until the estimate has been submitted to and approved by the Underwriters.

(3) In all cases the Assured shall complete and forward the appropriate claims form and thereafter shall supply to the Underwriters on request all such other documents or evidence as may be reasonably required by the Underwriters for the investigation or defence of any claim.

(4) For the purposes of these instructions, the "authorised agents" of the Underwriters shall be

and notice to such agents shall be the equivalent of notice to the Underwriters.

ACV 1 14.4.67

ACV 2 LAYING-UP RETURNS CLAUSE

Should the A.C.V. be laid up ashore (otherwise than as a result of an accident giving rise to a claim hereunder or for normal maintenance purposes) for a period of 30 or more consecutive days a return of premium will be allowed at expiry of this Insurance calculated at pro rata of:—

a) 40% of the annual premium if under repair or

b) 60% of the annual premium if not under repair

for the period of lay-up, subject to

i) prior advice to the Underwriters at both commencement and termination of the lay-up period

and

ii) the A.C.V. not becoming a total or constructive total loss during the currency of this Policy.

WARRANTED no engine running for hover purposes.

Subject otherwise to the terms, conditions and limitations of this Policy.

A.C.V. 2 14.4.67


ACV 3 LLOYD'S AIR CUSHION VEHICLE POLICY (LIABILITIES)(Subscribed only by Underwriting Members of Lloyd's all of whom have complied with the requirements of the Insurance Companies Act, 1958, as to security and otherwise.)

Whereas the Assured named in the Schedule herein (hereinafter called "the Assured") has paid the premium(s) specified in the Schedule to the Underwriting Members of Lloyd's who have hereunto subscribed their Names (hereinafter called "the Underwriters"),

Now We the Underwriters agree 1o indemnify the Assured for all sums which the Assured shall become legally liable to pay and shall pay in respect of accidents occurring during the period of this Insurance arising out of the operation of the Air Cushion Vehicle(s) described in the Schedule (hereinafter called "the A.C.V.") as follows:—

SECTION I—THIRD PARTY LIABILITY (including Removal of Wreck)

The Underwriters will indemnify the Assured for all sums which the Assured shall become legally liable to pay, and shall pay, as damages, including claimants' costs awarded, arising from accidental bodily injury (fatal or non-fatal) or accidental physical damage to property provided such injury or damage is caused directly by the A.C.V.

The Underwriters will also indemnify the Assured for the costs and expenses of or incidental to the raising, removal, destruction, lighting or marking of the wreck of the A.C.V., when such raising, removal, destruction, lighting or marking is compulsory by law, or the costs or expenses thereof are legally recoverable from the Assured PROVIDED ALWAYS that:-

(a) the value of all stores and materials saved, as well as of the wreck itself, shall first be deducted from such costs and expenses, and only the balance thereof, if any, shall be recoverable from the Underwriters, and

(b) nothing shall be recoverable from the Underwriters under this paragraph if the Assured shall, without the consent of the Underwriters in writing, have transferred his interest in the wreck, otherwise than by abandonment, prior to the raising, removal, destruction, lighting or marking of the wreck.

The liability of the Underwriters under this Section shall not exceed the applicable amount stated in the Schedule. The Underwriters will in addition pay their proportion of any costs incurred with their written consent in defending any action which may be brought against the Assured in respect of any claim arising under this Section, but should the amount paid to dispose of such claim exceed the sum insured hereunder then the liability of the Underwriters in respect of the said costs shall be limited to that proportion of the said costs which the sum insured hereunder bears to the amount paid to dispose of the claim.

Exceptions

1. The cover under this Section shall not extend to indemnify the Assured in respect of injury (fatal or non-fatal), damage or loss caused to or sustained by:—

(a) Any sub-contractor of or member of the household or family of the Assured.

(b) Any person in the service of or acting on behalf of the Assured or of any subcontractor or of any member of the household or family of the Assured whilst engaged in his duties as such.

(c) Any passenger whilst entering into, being carried by or alighting from the A.C.V.

(d) Any driver or member of the crew of the A.C.V. or any person working in, on, or a bout the A.C.V.

2. The indemnity hereunder shall not extend to any property or animals belonging to or in the custody or control of the Assured, his servants or agents.

SECTION II—PASSENGER LEGAL LIABILITY

The Underwriters will indemnify the Assured for all sums which the Assured shall become legally liable to pay, and shall pay, as damages including claimants' costs awarded arising from:—

i) Accidental bodily injury (fatal, or non-fatal) to passengers whilst entering into, being carried by or alighting from the A.C.V.

ii) Loss of or damage to passengers' baggage subject to the Assured bearing the first £25 of such loss or damage (or equivalent in other currencies) in respect of each person and thereafter Underwriters' liability hereunder being limited to a maximum of £250 (or equivalent in other currencies) in respect of each person.

PROVIDED ALWAYS that each passenger carried in any A.C.V. insured hereunder operating for hire or reward shall be carried subject to the terms of the ticket which shall be issued by the Assured to the passenger before the commencement of the journey and that such ticket shall have printed in a conspicuous manner a condition that the Assured will not be liable for any personal injury or loss of or damage to passengers' baggage howsoever caused insofar as such condition is not contrary to law or to any international agreement.


Exceptions

The cover under this Section shall not extend to indemnify the Assured in respect of injury (fatal or non-fatal), damage or loss caused to or sustained by:—

(a) Any sub-contractor of or member of the household or family of the Assured.

(b) Any person in the service of or acting on behalf of the Assured or of any subcontractor or of any member of the household or family of the Assured whilst engaged in his duties as such.

(c) Any driver or member of the crew of the A.C.V. or any person working in, on, or about the A.C.V.

SECTION III—CARGO LEGAL LIABILITY

The Underwriters will indemnify the Assured in respect of all sums which the Assured shall become legally liable to pay, and shall pay, as compensation including claimants' costs awarded against the Assured for physical loss of or damage to cargo from any external cause but only whilst in the course of carriage by the Assured subject to the Assured bearing the first £10 (or equivalent in other currencies) in respect of each and every claim.


It is understood and agreed that the Assured shall take all reasonable precautions to ensure that all cargo shall be carried subject to the form of Consignment Note for the time being in use.

Exception

The cover under this Section shall not extend to indemnify the Assured in respect of loss of or damage to passengers' baggage.

GENERAL EXCLUSIONS

Illegal Uses

Transportation by other conveyance

Abnormal Usage

Non-Contribution

Contractual Liability

War Risks

Strikes, Riots and Civil Commotions

Radioactive Contamination

Noise and/or Vibration

Certificate of Construction

Road Traffic Act

The Underwriters shall not indemnify the Assured under this Policy in respect of any liability:-

(1) Arising whilst the A.C.V. is being used with the knowledge and consent of the Assured for any illegal purpose, or for any purpose or purposes other than those stated in the Schedule or whilst outside the geographical limits named therein unless due to force majeure.

(2) Arising whilst the A.C.V. is being transported by any means of conveyance except where prior notice has been given to Underwriters and additional premium, if any, has been paid.

(3) Arising out of or directly or indirectly connected with racing, record attempts, speed trials, or any other operations involving abnormal hazards.

4) Which at the time of the event giving rise to such liability is insured by or would, but for the existence of this Policy, be insured by any other Policy or Policies except in respect of any excess beyond the amount which would have been payable under such other Policy or Policies had this Insurance not been effected.

5) Arising from liability assumed or rights waived by the Assured by agreement unless such liability would have attached to the Assured in the absence of such agreement.

(6) Directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalisation or requisition or destruction of or damage to property by or under the order of any government or public or local authority, or piracy.

(7) Directly or indirectly occasioned by, happening through, or in consequence of strikes, lock-outs, labour disturbances, riots or civil commotions.

(8) Directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

(9) Directly or indirectly caused by or contributed to by or arising from noise and/or vibration emanating from the A.C.V.

10) Arising whilst the A.C.V. is being operated outside the limitations imposed by the Certificate of Construction and Performance unless due to force majeure or covered by special endorsement hereon.

(11) For which insurance is required by the Road Traffic Acts applicable in the United Kingdom or similar legislation applicable elsewhere.

Classification

WARRANTY

Warranted that at the commencement of each hovering manoeuvre the A.C.V, shall be to the best of the Assured's knowledge and belief in every way fit to hover and that there shall be in force a Certificate of Construction and Performance issued or approved by the British Air Registration Board, or Lloyd's Register of Shipping or any other appropriate authority approved by the Underwriters

Due Diligence

GENERAL CONDITIONS

(1) The Assured shall use due diligence and do and concur in doing everything reasonably practicable to avoid or diminish any loss hereon.

Claims Procedure (2) Immediate notice of any event likely to give rise to a claim under this Policy shall be given to the person(s) or firm named for this purpose in the Schedule to whom the Assured shall furnish full particulars in writing of such

Claims Control

Log Books

Arbitration

Variation in Risks

event and shall forward immediately notice of any claim and any letters or documents relating thereto and shall give notice of any impending prosecution. The Assured shall render such further information and assistance as the Underwriters may reasonably require and shall not act in any way to the detriment or prejudice of the interests of the Underwriters.

(3) The Underwriters shall be entitled at any time and for so long as they desire to take absolute control of all negotiations and proceedings and in the name of the Assured to settle or defend or prosecute any claim.

All requisite log books shall be kept properly completed and up to date and shall be available for production to the Underwriters.

(5) If any dispute or difference shall arise between the Assured and the Underwriters in connection with this Insurance such difference or dispute shall be submitted to Arbitration in London in accordance with the statutory provision for Arbitration for the time being in force.

(6) Should there be any material change in the circumstances or nature of the risks in respect of this Insurance the Assured shall give immediate notice thereof to the Underwriters and no claim arising subsequent to such change shall be recoverable hereunder unless such change has been accepted by the Underwriters

Assignment (7) This Policy shall not be assigned in whole or in part except with the consent of the Underwriters verified by endorsement hereon.

Sale of Transfer

False and Fraudulent Claims

Legal Requirements

Maximum Number of Pax

(8) If the A.C.V. is sold or transferred to new management then unless the Underwriters agree in writing to continue the insurance this Policy shall become cancelled from the time of sale or transfer, unless the A.C.V. has cargo or passengers on board and has already departed from her place of loading or is operating without cargo or passengers, in either of which cases such cancellation shall, if required, be suspended until arrival at final place of discharge if with cargo or passengers, or at destination if without cargo or passengers.

(9) If the Assured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

(10) The Assured shall take all reasonable steps to see that all applicable Marine, Air and/or Road Traffic Acts or Regulations and Directions from time to time in force are complied with.

(11) The maximum number of passengers carried by the A.C.V. at any one time shall not exceed the number stated in the Schedule.

THE DUE OBSERVANCE AND FULFILMENT OF THE TERMS AND CONDITIONS OF THIS POLICY SHALL BE CONDITIONS PRECEDENT TO ANY LIABILITY OF THE UNDERWRITERS TO MAKE ANY PAYMENT UNDER THIS POLICY.

Now know Ye that We the Underwriters, Members of the Syndicates whose definitive numbers in the after-mentioned List of Underwriting Members of Lloyd's arc set out in the attached Table, hereby bind ourselves each for his own part and not one for another, oar Heirs, Executors and Administrators, and in respect of his due proportion only, to insure the Assured or the Assureds' Executors or Administrators against Liabilities and Costs as specified herein, subject always to the terms, conditions and limitations contained herein or endorsed hereon or attached hereto, and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the Total Liability Insured hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Snares therein, is deemed to be incorporated in and to form part of this Policy, bears the n amber

specified in the attached Table and is available for inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be furnished to the Assured on application.

In witness thereof the GM of Lloyds Policy Signing Office has subscribed his name on behalf of each of us.

LLOYDS POLICY SIGNING OFFICE

GENERAL MANAGER

SCHEDULE

Policy Number

Name and address of the Assured

Period of Insurance from to

Premium

Section I— Third Party Liability .................................

Section II — Passenger Legal Liability .................................

Section III — Cargo Legal Liability ..................................

Total

Limits of Underwriters Liability Section I— Third Party Liability ......................... any one accident or series of accidents arising out of one event,

Section II — Passenger Legal ............................... any one person Liability(including a limit of £250 per any one accident or series of accidents person in respect of baggage)................................ arising out of one event,

Section III — Cargo Legal ........................................ any one accident or series of accidents arising out of one event,

Make, Type and Series Number

Identification marks Declared Maximum number of passengers to be carried at any one time

Driver(s) ......................................................................................................................................

Purpose for which the A.C.V. will be used.....................................................................................

Geographical Limits........................................................................................................................

.........................................................................................................................................................Notification of Claims to:-...............................................................................................................(See General Condition No. (2))


ACV 3 (16.4.68)

NMA 785 FOREIGN TRAVEL (WAR EXTENSION) CLAUSE BValid only for use with Personal Accident or Illness Policies covering U.K. residents

(Approved by Lloyd's Underwriters' Non-Marine Association)

It is hereby agreed that the Limited War Exclusion Clause contained in this Policy shall not apply where the * accident____ giving rise to the claim occurs whilst the accident or illnessAssured is actually on a journey abroad or in any country during the

Insured Person concernedcourse of such a journey, subject otherwise to the terms, conditions and limitations of this Policy.

*Strike out whichever is inapplicable.23/10/52NMA 785

U.S.A.NMA 981 EXPOSURE CLAUSE(Personal Accident)

(Approved by Lloyd's Underwriters' Non-Marine Association).

IN CONSIDERATION of the premium paid hereon it is hereby agreed that, subject otherwise to its terms, limitation;; and conditions, this Insurance covers claims arising out of bodily injury caused by exposure to the elements as the result of an accident covered hereunder.

16/1/58 NMA 981

NMA 1054 EARTHQUAKE EXCLUSION CLAUSE(Approved by Lloyd's Underwriters' Non-Marine Association).

NOTWITHSTANDING anything to the contrary contained herein this Policy does not cover loss of or damage to property directly or indirectly occasioned by, happening through or in consequence of

earthquake, volcanic eruption, subterranean fire or any such convulsion of nature

and any claim, and in any action, suit or other proceedings to force a claim, for loss or damage under this Policy the burden of proving that the loss or damage does not fall within this exclusion shall be upon the Assured.

15/8/57NMA 1054

NMA 960 LLOYD'S TRAVEL ACCIDENT POLICYNo Policy or other Contract dated on or after 1st Jan., 1924, will be recognised by the Committee of Lloyd's as entitling the holder to the benefit of the Funds and/or Guarantees lodged by the Underwriters of the Policy or Contract as security for their liabilities unless it bears at foot the Seal of Lloyd's Policy Signing Office.

(Subscribed only by Underwriting Members of Lloyd's all of whom have complied with the requirements of the Insurance Companies Act, 1958, as to security and otherwise.)

Whereas the Assured with a view to effecting an insurance as hereinafter defined with Us who have hereunto subscribed our Names (hereinafter called "the Underwriters") has made a written proposal and has paid to Us a premium for the first period of insurance, the receipt of which premium is hereby acknowledged,

And Whereas the name, address and occupation of the said Assured, the date of the written proposal and the amount of the premium for the first period of insurance are specified overleaf, together with the period or periods within which this Policy shall remain in effect,

WE THE UNDERWRITERS hereby agree with the Assured, to the extent and in the manner hereinafter provided, that if anywhere in the World at any time during the period of this Policy he shall sustain any bodily injury caused by

a) an accident while operating or riding in or on, or boarding or alighting from, anything used as a means of conveyance or transportation or

b) being struck by anything used as a means of conveyance or transportation which shall solely and independently of any other cause within twelve calendar months from the date of the accident causing such injury occasion his death or disablement as hereinafter defined, we will pay to the Assured, or to the Assured's Executors or Administrators, according to the Schedule of Benefits overleaf within Seven Days after the total claim shall be substantiated under this Policy,

PROVIDED ALWAYS THAT:-

A. Payments of benefit for temporary total disablement shall be deducted from any lump sum becoming payable under Items 1, 2, 3 or 4 of the Schedule of Benefits in respect of the same accident.

B. The total sum payable under this Policy in respect of any one or more accidents shall not exceed in all in any one period of insurance the largest lump sum insured under Items 1, 2, 3 or 4 of the Schedule of Benefits, plus medical expense up to the amount insured hereunder.

C. No lump sum shall be payable under Items 2, 3, or 4 of the Schedule of Benefits if an accident results in the death of the Assured within three months thereafter.

EXPOSURE OR DISAPPEARANCE

IT IS AGREED that, subject otherwise to the terms, limitations and conditions hereof,

a) this Policy covers claims arising out of bodily injury caused by exposure to the elements as the result of an accident covered by this Policy, and

b) if the Assured disappears and his body is not found within a reasonable period of time, or a maximum period of one year, and the Underwriters having examined all available evidence, shall have no reason other than to presume his death in circumstances rendering them liable for the payment of the death benefit under this Policy, they shall forthwith pay such benefit, but if he is subsequently found to be living any sum so paid shall immediately be refunded to the Underwriters by the person or persons to whom it was paid.

DEFINITIONS

1. "LOSS OF A LIMB" means loss by physical separation of a hand at or above the wrist or of a foot at or above the ankle.

2. "TOTAL LOSS OF SIGHT" means loss of sight which is certified as being entire and irrecoverable by a licensed physician specializing in ophthalmology and certified by the American Board of Ophthalmology.

3. "TOTAL DISABLEMENT" means disablement which, either permanently or temporarily, necessarily and continuously disables the Assured from attending to business or occupation of any and every kind or if he has no business or occupation necessarily confines him immediately and continuously to the house and prevents him from attending to any of his usual duties (if any).

4. "PERMANENT" means lasting twelve calendar months and at the expiry of that period being beyond hope of improvement.

5. "MEDICAL EXPENSE" means the actual expense of ambulance to and from hospital, treatment by a legally qualified physician or surgeon, confinement within a legally constituted hospital or employment of a trained nurse, necessitated by bodily injury caused by an accident occurring during the period of this Policy.

EXCLUSIONS

This Policy does not cover any claim arising out of bodily injury caused or contributed to by

1. war, invasion or civil war;

2. the Assured engaging in or taking part in naval, military or air force service or operations;

3. the Assured riding or driving in any kind of race;

4. the Assured acting, for wage or for remuneration of any kind for transportation service;?, as driver or a crew member of any vehicle or as a member of the crew of any ship, vessel or craft;

5. the Assured being in or on, or boarding or alighting from any aircraft

(a) which is being used for crop dusting, seeding, sky writing, racing, testing, exploration or any other purpose except transportation;

(b) which the Assured is operating, learning to operate, or on which the Assured is serving as a member of the crew;

(c) which is neither a military transport aircraft being used for the sole purpose of transportation nor a civil aircraft (flown by a licensed pilot) having a valid airworthiness certificate from the Civil Aeronautics Board of the United States or from the governmental authority having jurisdiction over such aircraft in the country of its registry;

6. suicide or attempted suicide or intentional self-injury, or the Assured's own criminal or felonious act, or sustained whilst the Assured is in a state of insanity;

7. disease or natural causes, or medical or surgical treatment (except where such treatment is rendered necessary by bodily injury caused by accident within the scope of this Policy).

CONDITIONS

1. If the Assured shall engage in any occupation in which greater risk may be incurred than in the occupation disclosed in this Policy without notice thereof having first been given in writing to the Underwriters and their permission obtained in writing (subject to the payment of such premium as the Underwriters may require as the condition of giving such permission), then no benefit shall be payable in respect of any accident arising out of or in the course of such occupation.

2. Immediate notice must be given to the Underwriters of any accident to the Assured which causes or may cause disablement within the meaning of this Policy, and the Assured must as early as possible place himself under the care of a duly qualified practitioner.

Immediate notice must be given to the Underwriters in the event of the death of the Assured resulting or alleged to result from an accident within the meaning of this Policy.

In no case will the Underwriters be liable to pay compensation to the Assured or his representatives unless the medical adviser or advisers appointed by the Underwriters for the purpose shall be allowed so often as may be deemed necessary to make an examination of the person of the Assured.

All payments in respect of claims under this Policy shall be made in the United States in United States currency.

3. All communications regarding this Insurance made by the Assured to the Underwriters shall be deemed to have been received by the Underwriters if made in writing to the Insurance Broker and/or Agent specified on the front of this Policy and any communications made in writing to the Assured by the said Insurance Broker and/or Agent on behalf of the Underwriters shall be deemed to have been made by the Underwriters.

4. It is agreed that in the event of the failure of the Underwriters to pay any amount claimed to be due hereunder, the Underwriters hereon will submit to the jurisdiction of any Court of competent jurisdiction within the United States and will comply with all requirements necessary to give such Court jurisdiction and all matters arising hereunder shall be determined in accordance with the law and practice of such Court. It is further agreed that service of process in each suit may be made upon the person or persons specified for the purpose in the said Schedule, and that in any suit instituted against any one of them upon this Insurance the Underwriters will abide by the final decision of such Court or of any Appellate Court in the event of an appeal.

The above mentioned person or persons are authorized and directed to accept service of process on behalf of the Underwriters in any such suit and/or upon request to give a written undertaking that they will enter a general appearance upon the Underwriters' behalf in the event such a suit shall be instituted.

Further, pursuant to any statute of any state, territory or district of the United States which makes provision therefor, Underwriters hereon hereby designate the Superintendent Commissioner or Director of Insurance or other officer specified for that purpose in the statute or his successor or successors in office, as their true and lawful attorney upon whom may be served any lawful process in any lawful action, suit or proceeding instituted by or on behalf of the Assured or any beneficiary hereunder arising out of this Contract of Insurance, and hereby designate the above mentioned as the person to whom the said officer is authorised to mail such process or a true copy thereof.

5. Any fraud, misstatement or concealment either in the proposal on which this insurance is based or in relation to any other matter affecting this Insurance or in connection with the making of any claim hereunder shall render this Policy null and void and all claim hereunder shall be forfeited.

Mow know ye that We the Underwriters, Members of the Syndicates whose definitive numbers in the after-mentioned List of Underwriting Members of Lloyd's are set out in ;he attached Table, hereby bind ourselves each for his own part and not one for another, our Heirs, Executors and Administrators, and in respect of his due proportion only, to pay in respect of claims which shall be substantiated under this Policy and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the total liability hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this Policy, bears the number specified in the attached Table and is available for inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be furnished to the Assured on application.


LLOYD'S POLICY SIGNING OFFICE

GENERAL MANAGER

Form K (Travel) (U.S.A.) (16.1.58)

NMA 960

SCHEDULE

Policy No.

Premium

Name of Assured

Address of Assured

Occupation of Assured

Date of written proposal

Period of insurance from to

both days at Standard Time at the residence of the Assured,

and such further period or periods as may be mutually agreed.

The person or persons upon whom service of process may be made


SCHEDULE OF BENEFITS

This Policy insures in respect only of such of the following benefits as have an amount inserted against them.

1. Death .

2. Total loss of two limbs or total loss of sight of two eyes or total loss of one limb and total loss of sight of one eye.

3. Total loss of one limb or total loss of sight of one eye.

4. Permanent total disablement other than by loss of limbs or sight.

5. Temporary total disablement

$ ...........................................

$ ...........................................

$ ...........................................

$ ...........................................

$ ........................................... per week,. not exceeding .......... consecutive weeks for any single disablement

6. Medical expense not exceeding $ ...........

N.B. All benefits which are not insured are to be completed by the; insertion of the words "Not covered".

ILLINOISNMA 1076 APPLICANT-OWNERSHIP ENDORSEMENT

(Personal Accident)


Proposer's Name:

Address:

Beneficiary's Name:

Address:

Contingent Beneficiary's Name:

Address:

IN CONSIDERATION of the premium paid hereon, and of the representations made by the Assured and the above-named Proposer in the proposal attached to and made a part of the Insurance to which this Endorsement is attached,

It is hereby agreed that the Proposer shall be the Owner of all rights granted in the insurance to the Assured, his estate, his executors or his administrators, and shall be entitled to exercise all such rights without their consent and to receive and to give all notices provided for in the Insurance.

It is further agreed that in the event the Proposer predeceases the Assured, such rights under the Insurance shall be vested in the Beneficiary designated above, if he be en living; and if he not be then living or if he shall thereafter predecease the Assured, such rights under the Insurance shall be vested in the Contingent Beneficiary designated above. If the Proposer, the Beneficiary and the Contingent Beneficiary designated above I predecease the Assured, this Insurance shall terminate upon the death of the last of em surviving, and the Underwriters shall refund to the estate of said last survivor of them the unearned premium, if any, on this Insurance.

All other terms and conditions of the Insurance remain unaltered.

29/5/58

NMA 1076

U.S.A.

NMA 1256 NUCLEAR INCIDENT EXCLUSION CLAUSE—LIABILITY—DIRECT (BROAD)


For attachment to insurances of the following classifications in the U.S.A., its Territories and Possessions, Puerto Rico and the Canal Zone:-

Owners, Landlords and Tenants Liability, Contractual Liability, Elevator Liability, Owners or Contractors (including railroad) Protective Liability, Manufacturers and Contractors Liability, Product Liability, Professional and Malpractice Liability, Storekeepers Liability, Garage Liability, Automobile Liability (including Massachusetts Motor Vehicle or Garage Liability), not being insurances of the classifications to which the Nuclear Incident Exclusion Clause—Liability—Direct (Limited) applies.

This Policy* does not apply:-

I. Under any Liability Coverage, to injury, sickness, disease, death or destruction

a) with respect to which an insured under the policy is also an insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters or Nuclear Insurance Association of Canada, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability; or

b) resulting from the hazardous properties of nuclear material and with respect to which (1) any person or organization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954, or any law amendatory thereof, or (2) the insured is, or had this policy not been issued would be, entitled to indemnity from the United States of America, or any agency thereof, under any agreement entered into by the United States of America, or any agency thereof, with any person or organization.

II. Under any Medical Payments Coverage, or under any Supplementary Payments Provision relating to immediate medical or surgical relief, to expenses incurred with respect to bodily injury, sickness, disease or death resulting from the hazardous properties of nuclear material and arising out of the operation of a nuclear facility by any person or organization.

III. Under any Liability Coverage, to injury, sickness, disease, death or destruction resulting from the hazardous properties of nuclear material, if

a) the nuclear material (1) is at any nuclear facility owned by, or operated by or on behalf of, an insured or (2) has been discharged or dispersed therefrom;

b) the nuclear material is contained in spent fuel or waste at any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of an insured; or

c) the injury, sickness, disease, death or destruction arises out of the furnishing by an insured of services, materials, parts or equipment in connection with the planning, construction, maintenance, operation or use of any nuclear facility, but if such facility is located within the United States of America, its territories or possessions or Canada, this exclusion (c) applies only to injury to or destruction of property at such nuclear facility.

As used in this endorsement:

"hazardous properties" include radioactive, toxic or explosive properties; "nuclear material" means source material, special nuclear material or byproduct material; "source material", "special nuclear material", and "byproduct material" have the meanings given them in the Atomic Energy

Act 1954 or in any law amendatory thereof; "spent fuel" means any fuel element or fuel component, solid or liquid, which has been used or exposed to radiation in a nuclear reactor; "waste" means any waste material (1) containing byproduct material and (2) resulting from the operation by any person or organization of any nuclear facility included within the definition of nuclear facility under paragraph (a) or (b) thereof; "nuclear facility" means

a) any nuclear reactor,

b) any equipment or device designed or used for (1) separating the isotopes of uranium or plutonium, (2) processing or utilizing spent fuel, or (3) handling, processing or packaging waste,

c) any equipment or device used for the processing, fabricating or alloying of special nuclear material if at any time the total amount of such material in the custody of the insured at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any combination thereof, or more than 250 grams of uranium 235,

d) any structure, basin, excavation, premises or place prepared or used for the storage or disposal of waste,

and includes the site on which any of the foregoing is located, all operations conducted on such site and all premises used for such operations; "nuclear reactor" means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fissionable material.

With respect to injury to or destruction of property, the word '"injury" or "destruction" includes all forms of radioactive contamination of property.

It is understood and agreed that, except as specifically provided in the foregoing to the contrary, this clause is subject to tie terms, exclusions, conditions and limitations of the Policy to which it is attached.

*Note:—As respects policies which afford liability coverages and other forms of coverage in addition, the words underlined should be amended to designate the liability coverage to which this clause is to apply.

17/3/60 NMA 1256

U.S.A.

NMA 1257 NUCLEAR INCIDENT EXCLUSION CLAUSE—LIABILITY—DIRECT (LIMITED)


For attachment to insurances of the following classifications in the U.S.A., its Territories and Possessions, Puerto Rico and the Canal Zone:-

Family Automobile Policies (liability only), Special Automobile Policies (private passenger automobiles, liability only), Farmers Comprehensive Personal Liability Policies (liability only), Comprehensive Personal Liability Policies (liability only) or policies of a similar nature; and the liability portion of combination forms related to the four classes of policies stated above, such as the Comprehensive Dwelling Policy and the applicable types of Homeowners Policies.

This Policy*does not apply under any liability coverage, to injury, sickness, disease, death or destruction with respect to which an insured under the policy is also an insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters or Nuclear Insurance Association of Canada, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability.It is understood and agreed that, except as specifically provided in the foregoing to the contrary, this clause is subject to the terms, exclusions, conditions and limitations of the Policy to which it is attached.

*Note:—As respects policies which afford liability coverages and other forms of coverage in addition, the words underlined should be amended to designate the liability coverage to which this clause is to apply.

17/3/60 NMA 1257

NMA 1270 RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE(Approved by Lloyd's Underwriters' Non-Marine Association)

This policy does not cover

a) loss or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss

b) any legal liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

3/12/59 NMA 1270

U.S.A. AND CANADANMA 1280 SUBROGATION CLAUSE


If the Underwriters become liable for any payment under this Policy in respect of loss, damage or liability the Underwriters shall be subrogated, to the extent of such payment, to all the rights and remedies of the Assured against any party in respect of such loss, damage or liability and shall be entitled at their own expense to sue in the name of the Assured. The Assured shall give to the Underwriters all such assistance in his power as the Underwriters may require to secure their rights and remedies and, at Underwriters' request, shall execute all documents necessary to enable Underwriters effectively to bring suit in the name of the Assured including the execution and delivery of the customary form of loan receipt.

27/10/60 NMA 1280

USA NMA 1408 AVIATION PILOT OR CREW MEMBER EXTENSION CLAUSE

(Personal Accident)

IN CONSIDERATION of the premium paid hereon it is hereby agreed that this Insurance, subject otherwise to its terms, limitations and conditions, is extended to cover Assured/Insured Person while boarding, alighting from or riding in, as a pilot, student pilot or crew member, any civil fixed wing aircraft having a valid airworthiness certificate from the governmental authority having jurisdiction over such aircraft in the country of its registry, but ONLY whilst the aircraft is being used within Continental U.S.A., Canada and Mexico for

* (A) Business and Pleasure (as defined herein),

* (B) Industrial Aid (as defined herein),

* (C) The following special purposes :-

......................................................................................................................................................

.......................................................................................................................................................

PROVIDED ALWAYS THAT(i) The Assured/Insured Person is complying with all applicable operational and safety

regulations duly promulgated by governmental authorities having jurisdiction over such aircraft;

(ii) Such aircraft is being used for transportation only and not for crop dusting or spraying, seeding, sky-writing, racing, testing, exploration or any purpose other than transportation, unless declared in (C) above;

(iii) If the Assured/Insured Person is riding as a student pilot, whether or not on a solo flight, he is under the supervision of a properly certificated pilot instructor;

(iv) Coverage shall not apply whilst the Assured/Insured Person is engaged in the giving of flight instruction to student pilots unless declared in (C) above.

DEFINITIONS

(A) "Business and Pleasure" shall mean personal pleasure, family and business use, excluding any operation for hire or reward.

(B) "Industrial Aid" shall mean all the uses stated in (A) also the transportation of executives, employees, guests of the Assured*/Insured Person* goods and merchandise, but excluding any operation for hire or reward.

* Delete whichever not applicable.

2/5/63 NMA 1408

NMA 1409 AVIATION PILOT OR CREW MEMBER ONLY CLAUSE U.S.A.(Personal Accident)


IN CONSIDERATION of the premium paid hereon it is hereby agreed that this Insurance, subject otherwise to its terms, limitations and conditions, covers the Assured/*Insured person ONLY while boarding, alighting from or riding in, as a pilot, student pilot or crew member, any civil fixed wing aircraft having a valid airworthiness certificate from the governmental authority having jurisdiction over such aircraft in the country of its registry, and ONLY whilst the aircraft is being used within Continental U.S.A., Canadaend Mexico for

* (A) Business and Pleasure (as defined herein),

* (B) Industrial Aid (as defined herein),

* (C) The following special purposes:-

.........................................................................................................................................................

........................................................................................................................................................

PROVIDED ALWAYS THAT

(i) The Assured/*Insured person is complying with all applicable operational and safety regulations duly promulgated by governmental authorities having jurisdiction over such aircraft;

(ii) Such aircraft is being used for transportation only and not for crop dusting or spraying, seeding, sky-writing, racing, testing, exploration or any purpose other than transportation, unless declared in (C) above;

(iii) If Assured/Insured person is riding as a student pilot, whether or not on a solo flight, he is under the supervision of a properly certificated pilot instructor;

(iv) Coverage shall not apply whilst the Assured/Insured person is engaged in the giving of flight instruction to student pilots unless declared in (C) above.

DEFINITIONSA) "Business and Pleasure" shall mean personal pleasure, family and business use, excluding any

operation for hire or reward.

B) "Industrial Aid" shall mean all the uses stated in (A) also the transportation of executives, employees, guests of Assured/Insured person goods and merchandise, but excluding any operation for hire or reward.

* Delete whichever not applicable.2/5/63 NMA 1409

NMA 1442 DISAPPEARANCE CLAUSE(Personal Accident)


IN CONSIDERATION of the premium paid hereon it is hereby agreed that, subject to all the terms, limitations, conditions and exclusions of this Insurance except as specifically provided herein, if Assured/Insured person disappears during the currency of this Insurance and his body is not found within one year after his disappearance, and sufficient evidence is produced satisfactory to the Underwriters that leads them inevitably to the conclusion that he sustained accidental bodily injury and that such injury caused his death, Underwriters shall forthwith pay the death benefit under this Insurance provided that the person or persons to whom such sum is paid shall sign an undertaking to refund such sum to the Underwriters if the Assured/Insured person is subsequently found to be living.

6/12/62

NMA 1442

NMA 1483 OVERSEAS JURISDICTION CLAUSE

It is hereby agreed that:-

1. this insurance shall be governed by the law of (Response) whose Courts shall have jurisdiction in any dispute arising hereunder; and

2. any summons, notice or process to be served upon the Underwriters for the purpose of instituting any legal proceedings against them in connection with this insurance may be served upon

.....................................................................................................................................................................

who have authority to accept service on their behalf.

23/7/64 NMA 1483

NMA 1684 SEEPAGE, POLLUTION AND CONTAMINATION EXCLUSION CLAUSE No. 2


This Insurance does not cover any liability for:

1. Personal Injury or Bodily Injury or loss of, damage to, or loss of use of property directly or indirectly caused by seepage, pollution or contamination.

2. The cost of removing, nullifying or cleaning-up seeping, polluting or contaminating substances.

3. Loss of, damage to, or loss of use of property directly or indirectly resulting from subsidence caused by sub-surface operations of the Assured.

4. Removal of, loss of or damage to sub-surface oil, gas or any other substance, the property of others.

5. Fines, penalties, punitive or exemplary damages.

NMA 1684 22/1/70


NMA 1595 LLOYD'S ACCIDENT POLICY(Subscribed only by Underwriting Members of Lloyd's ail. of whom have complied with the requirements

of the Insurance Companies Act, 1958, as to security and otherwise.)

Whereas the Assured with a view to effecting an insurance as hereinafter defined with Us who have hereunto subscribed our Names (hereinafter called "the Underwriters") has made a written proposal, a copy of which is attached hereto and made a part hereof and shall form the basis of this contract and has paid to Us a premium for the first period of insurance, the receipt of which premium is hereby acknowledged,


WE THE UNDERWRITERS hereby agree with the Assured, to the extent and in the manner hereinafter provided, that if anywhere in the World at any time during the period of this Policy he shall sustain any bodily injury caused by an accident, which shall solely and independently of any other cause within twelve calendar months from the date of the accident causing such injury occasion his death or disablement as hereinafter defined, we will pay to the Assured, or to the Assured's Executors or Administrators, or to the Beneficiary, according to the Schedule of Benefits overleaf after the total claim shall be substantiated under this Policy,


A. Payments of benefit for temporary total disablement shall be deducted from any lump sum becoming payable under Items 1, 2, 3 or 4 of the Schedule of Benefits in respect of the same accident.



AIR TRAVEL

This Policy, subject otherwise to its terms, limitations and conditions, covers claims arising out of bodily injury sustained by the Assured while riding as a passenger in, alighting from, or boarding (but not while operating, learning to operate or serving as a member of a crew of) a civil aircraft having a valid airworthiness certificate from the Civil Aeronautics Board of the United States or from the governmental authority having jurisdiction over private aircraft in the country of its registry and flown by a licensed pilot, while such aircraft is being used for transportation only and not for crop-dusting, seeding, sky-writing, racing, testing, exploration or any other purpose except transportation

DEFINITIONS



3. "TOTAL DISABLEMENT" means disablement which, either permanently or temporarily, necessarily and continuously disables the Assured from attending to business or occupation of any and every kind or if he has no business or occupation necessarily confines him immediately and continuously to

the house and prevents him from attending to any of his usual duties (if any), except that said confinement will not terminate by reason of transportation of the Assured, at the direction of a licensed physician, to or from a hospital or physician's office for treatment.

4. "PERMANENT" mean;* lasting twelve calendar months and at the expiry of that period being beyond hope of improvement.

5. "MEDICAL EXPENSE" means the actual expense of ambulance to and from hospital, treatment by a legally qualified physician or surgeon, confinement within a legally constituted hospital or employment of a trained nurse, necessitated by bodily injury caused by an accident occurring during the period of this Policy.

EXCLUSIONS





4. the Assured being in or on, or boarding an aircraft for the purpose of flying therein or alighting therefrom following a flight, except as provided herein;

5. suicide or attempted suicide or intentional self-injury, or the Assured's own criminal or felonious act, or sustained whilst the Assured is in a state of insanity;


REQUIRED PROVISIONS

1. ENTIRE CONTRACT; CHANGES: This Policy, including the endorsements and the attached papers, if any, constitutes the entire Contract of Insurance. No change in this Policy shall be valid unless endorsed hereon or attached hereto.

2. TIME LIMIT ON CERTAIN DEFENCES: (a) After two years from the date of issue of this Policy no misstatements, except fraudulent misstatements, made by the applicant in the written proposal for such Policy shall be used to void the Policy or to deny a claim for loss incurred or disablement (as defined in the Policy) commencing after the expiration of such two year period, (b) No claim for loss incurred or disablement (as defined in the Policy) commencing after two years from the date of issue of this Policy shall be reduced or denied on the ground that a disease or physical condition not excluded from coverage by name or specific description effective on the date of loss had existed prior to the effective date of coverage of this Policy.

3. RENEWAL: This Policy may be renewed, subject to the consent of the Underwriters, for further periods at the Underwriters' premium rates in force at the time of renewal, subject to the Grace Period provided herein.

4. GRACE PERIOD: Unless not less than thirty days prior to the renewal date the Underwriters have delivered to the Assured or have mailed to his last address as shown by the records of the Underwriters written notice of their intention not to renew this Policy beyond the period for which the premium has been accepted, a grace period of thirty-one days will be granted for the payment of each premium falling due after the first premium, during which grace period the Policy shall continue in force.

5. REINSTATEMENT: If any renewal premium be not paid within the time granted the Assured for payment, a subsequent renewal by the Underwriters without requiring in connection therewith an application for reinstatement, shall reinstate the Policy: provided, however, that if the Underwriters require a written proposal for reinstatement the Policy will be reinstated upon approval of each proposal by the Underwriters or, lacking such approval, upon the forty-fifth day following the date of receipt of such proposal unless the Underwriters have previously notified the Assured in writing that they are not.

6. NOTICE OF CLAIM: Written notice of claim must be given to the Underwriters within twenty days after the occurrence or commencement of any loss covered by the Policy, or as soon thereafter as is reasonably possible.

7. CLAIMS FORMS: The Underwriters, upon receipt of a notice of claim, will furnish to the claimant such forms as are usually furnished by them for filing proofs of loss. If such forms are not furnished within fifteen days after the giving of such notice the claimant shall be deemed to have complied with the requirements of this Policy as to proof of loss upon submitting, within the time fixed in the Policy for filing proofs of loss, written proof covering the occurrence, the character and the extent of the loss for which claim is made.

8. PROOFS OF LOSS: Written proof of loss must be furnished to the Underwriters in case of claim for loss for which this Policy provides any periodic payment contingent upon continuing loss within ninety days after the termination of the period for which the Underwriters are liable and in case of claim for any other loss within ninety days after the date of such loss. Failure to furnish such proof within the time required shall not invalidate nor reduce any claim if it was not reasonably possible to give proof within such time, provided such proof is furnished as soon as reasonably possible and in no event, except in the absence of legal capacity, later than one year from the time proof is otherwise required.

9. TIME OF PAYMENT OF CLAIMS: Indemnities payable under this Policy for any loss other than loss for which this Policy provides any periodic payment will be paid immediately upon receipt of due written proof of such loss. Subject to due written proof of loss, all accrued indemnities for loss for which this Policy provides periodic payment will be paid monthly and any balance remaining unpaid upon the termination of liability will be paid within seven days of receipt of due written proof.

10. PAYMENT OF CLAIMS: Indemnity for loss of life will be payable in accordance with the beneficiary designation and the provisions respecting such payment which may be prescribed herein and effective at the time of payment. If no such designation or provision is then effective, such indemnity shall be payable to the estate of the Assured. Any other accrued indemnities unpaid at the Assured's death may, at the option of the Underwriters, be paid either to such beneficiary or to such estate. All other indemnities will be payable to the Assured. All payments in respect of claims under this Policy shall be made in the United States in United States currency.

11. PHYSICAL EXAMINATION AND AUTOPSY: The Underwriters at their own expense shall have the right and opportunity for their medical advisers to examine the person of the Assured when find as often as it may reasonably require during the pendency of a claim hereunder and to make an autopsy in case of death where it is not forbidden by law.

12. LEGAL ACTIONS: No action at law or in equity shall be brought to recover on this Policy prior to the expiration of sixty days after written proof of loss has been famished in accordance with the requirements of this Policy. No such action shall be brought after the expiration of three years after the time written proof of loss is required to be furnished.

13. CHANGE OF BENEFICIARY: The right to change of beneficiary is reserved to the Assured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender or assignment of this Policy or to any change of beneficiary or beneficiaries, or to any other changes in this Policy.

No change of beneficiary or assignment of interest under this Policy shall be binding on the Underwriters unless and until the original or a duplicate thereof is filed with the Underwriters, who assume no responsibility for the validity thereof.

14. CHANGE OF OCCUPATION: If the Assured be injured after having changed his occupation to one classified by the Underwriters as more hazardous than that stated in this Policy or while doing for compensation anything pertaining to an occupation so classified, the Underwriters will pay only such portion of the indemnities provided in this Policy as the premium paid would have purchased at the rates and within the limits fixed by the Underwriters for such more hazardous occupation. If the Assured changes his occupation to one classified by the Underwriters as less hazardous than that stated in this Policy, the Underwriters upon receipt of proof of such change of occupation, will reduce the premium rate accordingly, and will return the excess pro-rata unearned premium from the date of change of occupation or from the Policy anniversary date immediately preceding receipt of such proof, whichever is the more recent. In applying this provision, the classification of occupational risk and the premium rates shall be such a 5 have been last filed by the Underwriters prior to the occurrence of the loss for which the Underwriters are liable.

15. COMMUNICATIONS: All communications regarding this Insurance made by the Assured to the Underwriter;, shall be deemed to have been received by the Underwriters if made in writing to the Insurance Broker and/or Agent specified on the front of this Policy and any communications made in writing to the Assured by the said Insurance Broker and/or Agent on behalf of the Underwriters shall be deemed to have been made by the Underwriters.

16. SERVICE OF SUIT: In the event of any litigation arising out of insurance assumed hereunder, Herbert C. Brook, 135 South La Salle Street, Chicago, Illinois, and the Director of Insurance of the State of Illinois and his successors in office are hereby appointed agents to accept service of process for the Underwriters.

17. FRAUDULENT CLAIMS: If any claim shall be made in the knowledge that it is false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

Now know ye that We the Underwriters, Members of the Syndicates whose definitive numbers in tb.3 after-mentioned List of Underwriting Members of Lloyd's are set out in the attached Table, hereby bind ourselves each for his own part and not one for another, our Heirs, Executors and Administrators, and in respect of his due proportion only, to pay in respect of claims which shall be substantiated under this Policy and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the total liability hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this Policy, bears the number specified in the attached Table and is available for inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be famished to the Assured on application.



GENERAL MANAGER

FORM K (Illinois) (9.11.67)

NMA 1595

SCHEDULE

Policy No.

Premium

Name of Assured

Address of Assured


Name and Address of Beneficiary


Period of insurance from toboth days at Standard Time at the residence of the Assured,and such further period or periods as may be mutually agreed.

The person or persons upon whom service of process may be made




In the event the Assured suffers more than one injury or disability against which an amount is inserted, the amount of benefits payable hereunder shall be determined in accordance with Provisos A, B and C above

1. Death .





$ ...........................................

$ ...........................................

$ ...........................................

$ ...........................................

$ ........................................... per week,. not exceeding .......... consecutive weeks for any single disablement

8. Medical expense $ ...........................................



NMA 1596 LLOYD'S TRAVEL ACCIDENT POLICY(Subscribed only by Underwriting Members of Lloyd's ail. of whom have complied with the requirements of the Insurance Companies Act, 1958, as to security and otherwise.)

Whereas the Assured with a view to effecting an insurance as hereinafter defined with Us who have hereunto subscribed our Names (hereinafter called "the Underwriters") has made a written proposal and has paid to Us a premium for the first period of insurance, the receipt of which premium is hereby acknowledged,


WE THE UNDERWRITERS hereby agree with the Assured, to the extent and in the manner hereinafter provided, that if anywhere in the World at any time during the period of this Policy he shall sustain any bodily injury caused by

(a) an accident while operating or riding in or on, or boarding or alighting from, anything used as a means of conveyance or transportation or

(b) being struck by anything used as a means of conveyance or transportation which shall solely and independently of any other cause within twelve calendar months from the date of the accident causing such injury occasion his death or disablement as hereinafter defined, we will pay to the Assured, or to the Assured's Executors or Administrators, or to the Beneficiary, according to the Schedule of Benefits overleaf after the total claim shall be substantiated under this Policy,


A. Payments of benefit for temporary total disablement shall be deducted from arty lump sum becoming payable under Items 1, 2, 3 or 4 of the Schedule of Benefits in respect of the same accident.



EXPOSURE OR DISAPPEARANCE

IT IS AGREED that, subject otherwise to the terms, limitations and conditions hereof,

(a) this Policy covers claims arising out of bodily injury caused by exposure to the elements as the result of an accident covered by this Policy, and

a) if the Assured disappears and his body is not found within a reasonable period of time, or a maximum period of one year, and the Underwriters having examined all available evidence, shall have no reason other than to presume his death in circumstances rendering them liable for the payment of the death benefit under this Policy, they shall forthwith pay such benefit, but if he is subsequently found to be living any sum so paid shall immediately be refunded to the Underwriters by the person or persons to whom it was paid.

DEFINITIONS



3. "TOTAL DISABLEMENT" means disablement which either permanently or temporarily, necessarily and continuously disables the Assured from attending to business or occupation of any and every kind or if he has no business or occupation necessarily confines him immediately and continuously to the house and prevents him from attending to any of his usual duties (if any), except that said confinement will not terminate by reason of transportation of the Assured, at the direction of a licensed physician, to or from a hospital or physician's office for treatment.

4. "PERMANENT" means lasting twelve calendar months and at the expiry of that period being beyond hope of improvement.

5. "MEDICAL EXPENSE' means the actual expense of ambulance to and from hospital, treatment by a legally qualified physician or surgeon, confinement within a legally constituted hospital or employment of a trained nurse, necessitated by bodily injury caused by an accident occurring during the period of this Policy.

EXCLUSIONS





4. the Assured acting, for wage or for remuneration of any kind for transportation services as driver or a crew member of any vehicle or as a member of the crew of any ship, vessel or craft;

5. the Assured being in or on, or boarding or alighting from any aircraft

(a) which is being used for crop dusting, seeding, sky writing, racing, testing, exploration or any other purpose except transportation;

(b) which the Assured is operating, learning to operate, or on which the Assured is serving as a member of the crew;

(c) which is neither a military transport aircraft being used for the sole purpose of transportation nor a civil aircraft (flown by a licensed pilot) having a valid airworthiness certificate from the Civil Aeronautics Board of the United States or from the governmental authority having jurisdiction over such aircraft in the country of its registry;

6. suicide or attempted suicide or intentional self-injury, or the Assured's own criminal or felonious act, or sustained whilst the Assured is in a state of insanity;25


REQUIRED PROVISIONS

1. ENTIRE CONTRACT; CHANGES: This Policy, including the endorsements and the attached papers, if any, constitutes the entire Contract of Insurance. No change in this Policy shall be valid unless endorsed hereon or attached hereto.

2. TIME LIMIT ON CERTAIN DEFENCES: (a) After two years from the date of issue of the Policy no misstatements, except fraudulent misstatements, made by the applicant in the written proposal for such Policy shall be used to void the Policy or to deny a claim for loss incurred or disablement (as defined in the Policy) commencing after the expiration of such two year period, (b) No claim for loss incurred or disablement (as defined in the Policy) commencing after two years from the date of issue

of this Policy shall be reduced or denied on the ground that a disease or physical condition not excluded from coverage by name or specific description effective on the date of loss had existed prior to the effective date of coverage of this Policy.

3. RENEWAL: This Policy may be renewed, subject to the consent of the Underwriters, for further periods at the Underwriters' premium rates in force at the time of renewal, subject to the Grace Period provided herein.

4. GRACE PERIOD: Unless not less than thirty days prior to the renewal date the Underwriters have delivered to the Assured or have mailed to his last address as shown by the records of the Underwriters written notice of their intention not to renew this Policy beyond the period for which the premium has been accepted, a grace period of thirty-one days will be granted for the payment of each premium falling due after the first premium, during which grace period the Policy shall continue in force.

5. REINSTATEMENT: If any renewal premium be not paid within the time granted the Assured for payment, a subsequent renewal by the Underwriters without requiring in connection therewith an application for reinstatement, shall reinstate the Policy: provided, however, that if the Underwriters require a written proposal for reinstatement the Policy will be reinstated upon approval of each proposal by the Underwriters or, lacking such approval, upon the forty-fifth day following the date of receipt of such proposal unless the Underwriters have previously notified the Assured in writing that they are not prepared to reinstate the Policy. The reinstated Policy shall cover only loss resulting from such accidental injury as may be sustained after the date of reinstatement. In all other respects the Assured and Underwriters shall have the same rights thereunder as they had under the Policy immediately before the renewal date subject to any provisions endorsed hereon or attached hereto in connection with the reinstatement. Any premium accepted in connection with a reinstatement shall be applied to a period for which premium has not been previously paid, but not to any period more than sixty days prior to the date of reinstatement.

6. NOTICE OF CLAIM: Written notice of claim must be given to the Underwriters within twenty days after the occurrence or commencement of any loss covered by the Policy, or as soon thereafter as is reasonably possible.

7. CLAIMS FORMS: The Underwriters, upon receipt of a notice of claim, will furnish to the claimant such forms as are usually furnished by them for filing proofs of loss. If such forms are not furnished within fifteen days after the giving of such notice the claimant shall be deemed to have complied with the requirements of this Policy as to proof of loss upon submitting, within the time fixed in the Policy for filing proofs of loss, written proof covering the occurrence, the character and the extent of the loss for which claim is made.26

8. PROOFS OF LOSS: Written proof of loss must be furnished to the Underwriters in case of claim for loss for which this Policy provides any periodic payment contingent upon continuing loss within ninety days after the termination of the period for which the Underwriters are liable and in case of claim for any other loss within ninety clays after the date of such loss. Failure to furnish such proof within the time required shall not invalidate nor reduce any claim if it was not reasonably possible to give proof within such time, provided such proof is furnished as soon as reasonably possible and in no event, except in the absence of legal capacity, later than one year from the time proof i;5 otherwise required.

9. TIME OF PAYMENT OF CLAIMS: Indemnities payable under this Policy for any loss other than loss for which this Policy provides any periodic payment will be paid immediately upon receipt of due written proof of such loss. Subject to due written proof of loss, all accrued indemnities for Ions for which this Policy provides periodic payment will be paid monthly and any balance remaining unpaid upon the termination of liability will be paid within seven days of receipt of due written proof.

10. PAYMENT OF CLAIMS: Indemnity for loss of life will be payable in accordance with the beneficiary designation and the provisions respecting such payment which may be prescribed herein and effective at the time of payment. If no such designation or provision is then effective, such indemnity shall be payable to the estate of tie Assured. Any other accrued indemnities unpaid at the Assured's death may, at the option of the Underwriters, be paid either to such beneficiary or to such estate. All other indemnities will be payable to the Assured. All payments in respect of claims under this Policy shall be made in the United States in United States currency.

11. PHYSICAL EXAMINATION AND AUTOPSY: The Underwriters at their own expense shall have the right and opportunity for their medical advisers to examine the person of the Assured when arid as

often as it may reasonably require during the pendency of a claim hereunder and to make an autopsy in case of death where it is not forbidden by law.

12. .LEGAL ACTIONS: No action at law or in equity shall be brought to recover this Policy prior to the expiration of sixty days after written proof of loss has been furnished in accordance with the requirements of this Policy. No such action shall be brought after the expiration of three years after the time written proof of loss is required to be furnished.

13. CHANGE OF BENEFICIARY: The right to change of beneficiary is reserved to the Assured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender or assignment of this Policy or to any change of beneficiary or beneficiaries, or to any other changes in this Policy.

No change of beneficiary assignment of interest under this Policy shall be binding on the Underwriters unless and until the original or a duplicate thereof is filed with the Underwriters, who assume no responsibility for the validity thereof.

14. CHANGE OF OCCUPATION: If the Assured be injured after having changed his occupation to one classified by the Underwriters as more hazardous than that stated in this Policy or while doing for compensation anything pertaining to an occupation so classified, the Underwriters will pay only such portion of the indemnities provided in this Policy as the premium paid would have purchased at the rates and within the limits fixed by the Underwriters for such more hazardous occupation. If the Assured changes his occupation to one classified by the Underwriters as less hazardous than that stated in this Policy, the Underwriters upon receipt of proof of such change of occupation, will reduce the premium rate accordingly, and will return the excess pro-rata unearned premium from the date of change of occupation or from the Policy anniversary date immediately preceding receipt of such proof, whichever is the more recent. In applying this provision, the classification of occupational risk and the premium rates shall be such as have been List filed by the Underwriters prior to the occurrence of the loss for which the Underwriters are liable.

15. COMMUNICATIONS: All communications regarding this Insurance made by the Assured to the Underwriters shall be deemed to have been received by the Underwriters if made in writing to the Insurance Broker and/or Agent specified on the front of this Policy and any communications made in writing to the Assured by the said Insurance Broker and/or Agent on behalf of the Underwriters shall be deemed to have been made by the Underwriters.

16. SERVICE OF SUIT: In the event of any litigation arising out of insurance assumed hereunder, Herbert C. Brook, 135 South La Salle Street, Chicago, Illinois, and the Director of Insurance of the State of Illinois and his successors in office are hereby appointed agents to accept service of process for the Underwriters.

17. FRAUDULENT CLAIMS: If any claim shall be made in the knowledge that it is false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

Now know ye that We the Underwriters, Members of the Syndicates whose definitive numbers in the after-mentioned List of Underwriting Members of Lloyd's are set out in the attached Table, hereby bind ourselves each for his own part and not one for another, our Heirs, Executors and Administrators, and in respect of his due proportion only, to pay in respect of claims which shall be substantiated under this Policy and the due proportion for which each of us, the Underwriters, is liable shall be ascertained by reference to his share, as shown in the said List, of the Amount, Percentage or Proportion of the total liability hereunder which is in the Table set opposite the definitive number of the Syndicate of which such Underwriter is a Member AND FURTHER THAT the List of Underwriting Members of Lloyd's referred to above shows their respective Syndicates and Shares therein, is deemed to be incorporated in and to form part of this Policy, bears the number specified in the attached Table and is available for inspection at Lloyd's Policy Signing Office by the Assured or his or their representatives and a true copy of the material parts of the said List certified by the General Manager of Lloyd's Policy Signing Office will be furnished to the Assured on application.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has subscribed his name on be half of each of us.


GENERAL MANAGER

Form K Travel (Illinois) (9.11.67)

NMA 1596

SCHEDULE

Policy No.

Premium

Name of Assured

Address of Assured


Name and Address of Beneficiary


Period of insurance from toboth days at Standard Time at the residence of the Assured,and such further period or periods as may be mutually agreed.




1. Death .





$ ...........................................

$ ...........................................

$ ...........................................

$ ...........................................

$ ..................................... per week,. not exceeding .......... consecutive weeks for any single disablement

6. Medical expense $ ...........................................

In the event the Assured suffers more than one injury or disability against which an amount is inserted, the amount of benefits payable hereunder shall be determined in accordance with Provisos A, B and C above


NMA 1623 EXPLOSIVE NUCLEAR ASSEMBLIES EXCLUSION CLAUSE(Approved by Lloyd's Underwriters' Non-Marine Association)

This Policy does not cover

(a) loss or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss

(b) any legal liability of whatsoever nature

directly or indirectly caused by or contributed to by or arising from the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof.

NMA 16234/4/68

NMA 1685 INDUSTRIES SEEPAGE, POLLUTION AND CONTAMINATION CLAUSE NO. 3


1. Personal Injury or Bodily Injury or loss of, damage to, or loss of use of property directly or indirectly caused by seepage, pollution or contamination, provided always that this paragraph 1. shall not apply to liability for Personal Injury or Bodily Injury or loss of or physical damage to or destruction of tangible property, or loss of use of such property damaged or destroyed, where such seepage, pollution or contamination is caused by a sudden, unintended and unexpected happening during the period of this Insurance.

2. The cost of removing, nullifying or cleaning-up seeping, polluting or contaminating substances unless the seepage, pollution or contamination is caused by a sudden, unintended and unexpected happening during the period of this Insurance.


4. This Clause shall not extend this Insurance to cover any liability which would not have been covered under this Insurance had this Clause not been attached.

22/1/70 NMA 1685

NMA 1686 INDUSTRIES SEEPAGE, POLLUTION AND CONTAMINATION EXCLUSION CLAUSE No. 4


1. Personal Injury or Bodily Injury or loss of, damage to or loss of use of property directly or indirectly caused by seepage, pollution or contamination.

2. The cost of removing, nullifying or cleaning-up seeping, polluting or contaminating substances.


22/1/70 NMA 1686

NMA 1970a ERVICE OF SUIT CLAUSE (CANADA) (Action against Insurer)

In any action to enforce the obligations of the Underwriters liable hereunder they can be designated or named as "M J Oppenheim in his quality as Attorney In Fact in Canada for Lloyd's Underwriters, Members of Lloyd's, London, England" and such designation shall be binding on the Underwriters Liable hereunder as if they had each been individually named as Defendant. Service of such proceedings may validly be made upon M J Oppenheim, C.A., whose address for such service is 1155, rue Metcalfe, Suite 1540, Montreal, Quebec, H3B 2V6.

(01/10/95) NMA 1970a

U.S.A.NMA 2222 EXCESS LIQUOR LIABILITY ENDORSEMENTIN CONSIDERATION of the reduced premium at which this insurance is written, it is understood and agreed that the Certificate to which this Endorsement is attached is amended as follows:

A. The following Statement is added to the Schedule of Warranties on the attached Certificate:

"Statement 6. Liquor liability insurance has been issued to the Assured by ______________ (hereinafter called the "Primary Insurer"), applicable to the premises to which this Insurance applies, with the combined single limit of liability of ________________ (hereinafter called the "Primary Limit")."

B. The following paragraph is inserted as part of and immediately following the first paragraph of the Insuring Agreement:

"It is expressly agreed that the Underwriters shall be liable under this Insurance only after the Primary Insurer has paid or has been held liable to pay the full amount of the Primary Limit."

C. The second paragraph of the Insuring Agreement is deleted, and in lieu thereof, the following paragraph is inserted:

"In the event of a claim arising which appears likely to exceed the Primary Limit, no costs shall be incurred without the consent of Underwriters. Should such claim become adjustable previous to going into Court for not more than the Primary Limit, then no 'Costs' shall be payable by the Underwriters. Should however, the sum for which said claim may be so adjustable exceed the Primary Limit, then the Underwriters, if they consent to the proceedings continuing, shall contribute to the 'Costs' in the ratio that their proportion of the liability for such claim as finally adjusted, bears to the whole amount of such claim. In the event that the Primary Insurer elects not to appeal a judgment in excess of the Primary Limit, the Underwriters may elect to conduct such appeal at their own cost and expense and shall be liable for the taxable court costs and interest incidental thereto, but in no event shall the total liability of the Underwriters exceed their 1imit of liability stated herein, plus the expense of such appeal. 'Costs' as used in this paragraph shall be understood to include investigation, adjustment and legal expenses (excluding, however, salaries of employees and office expenses of the Assured and the Primary Insurer) and interest on judgments. Underwriters further agree to make such investigation or settlement of any claim or civil action that Underwriters deem expedient, but Underwriters shall not be obligated to pay any claim or judgment or to defend any civil action after the limit of Underwriters' liability has been exhausted by payment of judgments or settlements or the tender of said limit to the Assured or into court."

D. The following Condition is added:

"(7) Primary Insurance. It is a condition of this Insurance that the liquor liability insurance of the Primary Insurer specified in Statement 6 of the Schedule of Warranties, with the Primary Limit specified therein, be and remain in full force and effect during the Certificate period of this Insurance."

All other terms and conditions remain unchanged.

Attached to and forming part of Certificate __________________ of Underwriters at Lloyd's, London.

NMA 2222

K NMA 2315 LLOYD'S ACCIDENT POLICY

Whereas the Assured, with a view to effecting an insurance as hereinafter provided with the Underwriters (as defined below), has presented a proposal upon which the Underwriters have determined their terms and conditions,

We, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached hereto (hereinafter referred to as 'the Underwriters'), hereby agree, in consideration of the payment to us by or on behalf of the Assured of the premium specified in the Schedule, to insure against bodily injury in the manner and to the extent hereinafter provided.

The Underwriters, and their heirs, executors and administrators shall be liable only for their own shares of their respective syndicate's proportion, the Underwriters having bound themselves severally and not jointly, each for their own part, and not one for another, and in respect of their due proportion only. The identity of each underwriting member of the syndicates shown in the Table and the amounts of their respective shares may be ascertained by the Assured or the Assured's representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed on behalf of each of Us.

LLOYD'S POLICY SIGNING OFFICE

General Manager

K NMA 2315 (22/9/88) Form approved by Lloyd's Underwriters' Non-Marine Association.

We the Underwriters hereby agree with the Assured, to the extent and in the manner herein provided, that if the Assured sustains Bodily Injury during the period of this Insurance, we will pay to the Assured, or to the Assured's Executors or Administrators, according to the Schedule of Compensation after the total claim shall be substantiated under this Insurance.

Provided Always That:

1. a) Compensation shall not be payable under more than one of the items of the Schedule of Compensation in respect of the consequences of one Accident, except for any compensation payable hereunder in respect of temporary partial disablement preceding or following temporary total disablement, and

b) No weekly compensation shall become payable until the total amount thereof has been ascertained and agreed. If, nevertheless, payment be made for weekly compensation, the amount so paid shall be deducted from any lump sum becoming claimable in respect of the same Accident.

2 The total sum payable under this Insurance in respect of any one or more Accidents shall not exceed in all the largest sum insured under any one of the items contained in the Schedule of Compensation or added to this Insurance by endorsement, except that the Underwriters will in addition pay Medical Expenses.33

3. If Item 1 of the Schedule of Compensation is not covered, then no claim shall be payable, other than for weekly compensation and Medical Expenses, in respect of any Accident which would have given rise to a claim under Item 1 had that item been covered.

4. If Item 1 of the Schedule of Compensation is covered and an Accident causes the death of the Assured within twelve months following the date of the Accident and prior to the definite settlement of the compensation for disablement provided for under Hems 2 to 7 of the Schedule of Compensation, there shall be paid only the compensation provided for in the case of death.

5. Compensation shall only be payable under items of the Schedule of Compensation if:

a) Under Item 1, death occurs within twelve months of the date of the Accident,

b) Under Items 2 to 6, Loss occurs within twelve months of the date of the Accident,

c) Under Item 7, the Assured becomes totally disabled within twelve months of the date of the Accident, and such disablement lasts for twelve months.

DEFINITIONS

In this Insurance:

1. 'BODILY INJURY" means identifiable physical injury which:

a) is caused by an Accident, and

b) solely and independently of any other cause, except illness directly resulting from, or medical or surgical treatment rendered necessary by such injury, occasions the death or disablement of the Assured within twelve months from the date of the Accident.

2. 'ACCIDENT' means a sudden, unexpected, unusual, specific event which occurs at an identifiable time and place, but shall also include exposure resulting from a mishap to a conveyance in which the Assured is travelling.

3. TEMPORARY TOTAL DISABLEMENT' means disablement which entirely prevents the Assured from attending to his business or occupation of any and every kind.

4. 'TEMPORARY PARTIAL DISABLEMENT' means disablement which prevents the Assured from attending to a substantial part of his business or occupation.

5. 'PERMANENT TOTAL DISABLEMENT' means disablement which entirely prevents the Assured from attending to any business or occupation of any and every kind and which lasts twelve months and at the expiry of that period is beyond tope of improvement.

6. 'LOSS OF A LIMB' means loss by physical separation of a hand at or above the wrist or of a foot at or above the ankle and includes total and irrecoverable loss of use of hand, arm or leg.

7. 'MEDICAL EXPENSES' means expenses necessarily incurred by the Assured for medical, hospital, surgical, manipulative, massage, therapeutic, X-ray or nursing treatment, including the cost of medical supplies and ambulance hire.

8. 'AIR TRAVEL' means being in or on or boarding an aircraft for the purpose of flying therein or alighting therefrom following a flight.

9. Words in the masculine gender shall include the feminine.

EXCLUSIONS

This Insurance does not cover death or disablement directly or indirectly arising out of or consequent upon or contributed to by:

a) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, or military or usurped power;

b) radioactive contamination;

the Assured engaging in or taking part in

a) naval, military or air force service or operations;

b) winter sports (other than skating or curling)

i) at any winter sports resort, or

ii) anywhere outside Great Britain, Northern Ireland, the Isle of Man, the Channel Islands or the Republic of Ireland;

c) skin diving involving the aid of breathing apparatus, rock climbing or mountaineering normally involving the use of ropes or guides, potholing, hang gliding, parachuting, hunting on horseback, or driving or riding in any kind of race;

d) driving or riding on motor cycles or motor scooters other than mopeds;

3. the Assured engaging in Air Travel except as a passenger in a properly licensed multi-engined aircraft being operated by a licensed commercial air carrier or owned and operated by a commercial concern;

4. suicide or attempted suicide or intentional self-injury or the Assured being in a state of insanity;

5. Acquired Immune Deficiency Syndrome (AIDS) or AIDS Related Complex (ARC) howsoever this syndrome has been acquired or may be named;

6. deliberate exposure to exceptional danger (except in an attempt to save human life), or the Assured's own criminal act, or the Assured being under the influence of alcohol or drugs.

CONDITIONS

1 If the Assured shall regularly engage in any occupation, sport, pastime or activity in which materially greater risk may be incurred than disclosed in connection with this Insurance without first notifying the Underwriters and obtaining their written agreement to the amendment of this Insurance (subject to the payment of such additional premium as the Underwriters may reasonably require as the consideration for such agreement), then no claim shall be payable in respect of any Accident arising therefrom.

2. If the consequences of an Accident shall be aggravated by any condition or physical disability of the Assured which existed before the Accident occurred, the amount of any compensation payable under this Insurance in respect of the consequences of the Accident shall be the amount which it is reasonably considered would have been payable if such consequences had not been so aggravated.

3. Notice must be given to the Underwriters as soon as reasonably practicable of any Accident which causes or may cause disablement within the meaning of this Insurance, and the Assured must as early as possible place himself under the care of a duly qualified medical practitioner.

Notice must be given to the Underwriters as soon as reasonably practicable in the event of the death of the Assured resulting or alleged to result from an Accident.

It is a condition precedent to Underwriters' liability to pay compensation to the Assured or his representatives, that all medical records, notes, and correspondence referring to the subject of a claim or a related pre-existing condition shall be made available on request to any medical adviser appointed by or on behalf of Underwriters and that such medical adviser or advisers shall, for the purpose of reviewing the claim, be allowed so often as may be deemed necessary to make examination of the person of the Assured.

4. Any fraud, concealment, or deliberate misstatement either in the proposal on which this Insurance is based or in relation to any other matter affecting this Insurance or in connection with the making of any claim hereunder shall render this Insurance null and void and all claims hereunder shall be forfeited.

NMA 2317 SCHEDULE (For attachment to NMA 2315 or NMA 2316)

Policy or Certificate No. /

Proposal or Declaration dated

The Assured Date of birth:

The address of the Assured

The occupation of the Assured

The period of insurance is from toboth days inclusive and for such further period or periods as may be mutually agreed upon

SCHEDULE OF COMPENSATIONThis Insurance covers in respect only of such of the following benefits as have an amount inserted against them. Where benefits are not insured the words "NOT INCLUDED' are shown

1 Death.....................................................................................................

2 Total and Irrecoverable loss of sight of both eyes ...............................

3 Total and Irrecoverable loss of sight of one eye ..................................

4. Loss of two limbs...................................................................................

5 Loss of one limb.....................................................................................

6 Total and Irrecoverable loss of sight of one eye and loss of one limb.

7. Permanent Total Disablement (other than total loss of sight of one or both eyes or loss of limb)...........................................................

8. Temporary Total Disablement............................................................. per weekduring such disablement but not beyond ……………weeks from the date on which the Assured first became disabled

9. Temporary Partial Disablement.......................................................... per week during such disablement but not beyond ..............weeks from the date on which the Assured first became disabled.

Dated in the

K NMA 2317 (Schedule). For attachment to NMA 2315 or NMA 2316.

MEDICAL EXPENSES:

Medical Expenses incurred in respect of Items 8 or 9 will be paid in addition by the Underwriters up to but not exceeding 15 per cent of any claim admitted under such item. However, if in respect of such Medical Expenses the Assured shall recover any payment under any other insurance, the Underwriters hereon shall only be liable for the difference between such recovery and the total cost of Medical Expenses incurred, not exceeding 15 per cent of the claim admitted under Item 8 or 9 hereof.

The geographical limits of this Insurance are—anywhere in the World.

The premium

K(A) NMA 2318 LLOYD'S ACCIDENT POLICY

Whereas the Assured, with a view to effecting an insurance as hereinafter provided with the Underwriters (as defined below), has presented from each Insured Person mentioned in the Schedule of Insured Persons (hereinafter called an Insured Person) a separate proposal upon which the Underwriters have determined their terms and conditions,

We, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached hereto (hereinafter referred to as 'the Underwriters'), hereby agree, in consideration of the payment to us by or on behalf of the Assured of the premium specified in the Schedule, to insure against bodily injury in the manner and to the extent hereinafter provided.

The Underwriters, and their heirs, executors and administrators shall be liable only for their own shares of their respective syndicate's proportion, the Underwriters having bound themselves severally and not jointly, each for their own part, and not one for another, and in respect of their due proportion only. The identity of each underwriting member of the syndicates shown in the Table and the amounts of their respective shares may be ascertained by the Assured or the Assured's representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed on behalf of each of us.

LLOYD'S POLICY SIGNING OFFICE General Manager

K(A) NMA 2318 (22/9/88) Form approved by Lloyd's Underwriters' Non-Marine Association.

We the Underwriters hereby agree with the Assured, to the extent and in the manner herein provided, that if an Insured Person sustains Bodily Injury during the period of this Insurance, we will pay to the Assured, or to the Assured's Executors or Administrators, according to the Schedule of Compensation after the total claim shall be substantiated under this Insurance.

Provided Always That:

1. a) Compensation shall not be payable under more than one of the items of the Schedule of Compensation in respect of the consequences of one Accident to any one Insured Person, except for any compensation payable hereunder in respect of temporary partial disablement preceding or following temporary total disablement, and

b) No weekly compensation shall become payable until the total amount thereof has been ascertained and agreed. If, nevertheless, payment be made for weekly compensation, the amount so paid shall be deducted from any lump sum becoming claimable in respect of the same Accident.

2. The total sum payable under this Insurance in respect of any one or more Accidents to any one Insured Person shall not exceed in all the largest sum insured under any one of the items contained in the Schedule of Compensation or added to this Insurance by endorsement, except that the Underwriters will in addition pay Medical Expenses.

3. .If Item 1 of the Schedule of Compensation is not covered, then no claim shall be payable, other than for weekly compensation and Medical Expenses, in respect of any Accident which would have given rise to a claim under Item 1 had that item been covered.

4. If Item 1 of the Schedule of Compensation is covered and an Accident causes the death of the Insured Person within twelve months following the date of the Accident and prior to the definite settlement of the compensation for disablement provided for under Items 2 to 7 of the Schedule of Compensation, there shall be paid only the compensation provided for in the case of death.

5. Compensation shall only be payable under items of the Schedule of Compensation if:

a) Under Item 1, death occurs within twelve months of the date of the Accident,

b) Under Items 2 to 6, Loss occurs within twelve months of the date of the Accident,

c) Under Item 7, the Insured Person becomes totally disabled within twelve months of the date of the Accident, and such disablement lasts for twelve months.

DEFINITIONS

In this Insurance:

1. 'BODILY INJURY' means identifiable physical injury which:

a) is caused by an Accident, and

b) solely and independently of any other cause, except illness directly resulting from, or medical or surgical treatment rendered necessary by such injury, occasions the death or disablement of the Insured Person within twelve months from the date of the Accident.

2. 'ACCIDENT' means a sudden, unexpected, unusual, specific event which occurs at an identifiable time and place, but shall also include exposure resulting from a mishap to a conveyance in which the Insured Person is travelling.

3. 'TEMPORARY TOTAL DISABLEMENT' means disablement which entirely prevents the Insured Person from attending to his business or occupation of any and every kind.

4. 'TEMPORARY PARTIAL DISABLEMENT' means disablement which prevents the Insured Person from attending to a substantial part of his business or occupation.

5. 'PERMANENT TOTAL DISABLEMENT' means disablement which entirely prevents the Insured Person from attending to any business or occupation of any and every kind and which lasts twelve months and at the expiry of that period is beyond hope of improvement.

6. 'LOSS OF A LIMB' means loss by physical separation of a hand at or above the wrist or of a foot at or above the ankle and includes total and irrecoverable loss of use of hand, arm or leg.

7. 'MEDICAL EXPENSES' means expenses necessarily incurred by the Insured Person for medical, hospital, surgical, manipulative, massage, therapeutic, X-ray or nursing treatment, including the cost of medical supplies and ambulance hire.

8. 'AIR TRAVEL' means being in or on or boarding an aircraft for the purpose of flying therein or alighting therefrom following a flight.

9. Words in the masculine gender shall include the feminine.

EXCLUSIONS


1. war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, or military or usurped power;

2. radioactive contamination;

3. the Insured Person engaging in or taking part in

a) naval, military or air force service or operations;

b) winter sports (other than skating or curling)



c) skin diving involving the aid of breathing apparatus, rock climbing or mountaineering normally involving the use of ropes or guides, potholing, hang gliding, parachuting, hunting on horseback, or driving or riding in any kind of race;

d) driving or riding on motor cycles or motor scooters other than mopeds;

4) the Insured Person engaging in Air Travel except as a passenger in a properly licensed multi-engined aircraft being operated by a licensed commercial air carrier or owned and operated by a commercial concern;

5) suicide or attempted suicide or intentional self-injury or the Insured Person being in a state of insanity;

6) Acquired Immune Deficiency Syndrome (AIDS) or AIDS Related Complex (ARC) howsoever this syndrome has been acquired or may be named;

7) deliberate exposure to exceptional danger (except in an attempt to save human life), or the Insured Person's own criminal act, or the Insured Person being under the influence of alcohol or drugs.

CONDITIONS

1. If an Insured Person shall regularly engage in any occupation, sport, pastime or activity in which materially greater risk may be incurred than disclosed in connection with this Insurance without the Assured first notifying the Underwriters and obtaining their written agreement to the amendment of this Insurance (subject to the payment of such additional premium as the Underwriters may reasonably require as the consideration for such agreement), then no claim shall be payable in respect of any Accident arising therefrom.

2. If the consequences of an Accident shall be aggravated by any condition or physical disability of the Insured Person which existed before the Accident occurred, the amount of any compensation payable under this Insurance in respect of the consequences of the Accident shall be the amount which it is reasonably considered would have been payable if such consequences had not been so aggravated.

3. Notice must be given to the Underwriters as soon as reasonably practicable of any Accident which causes or may cause disablement within the meaning of this Insurance, and the Insured Person must as early as possible place himself under the care of a duly qualified medical practitioner.

Notice must be given to the Underwriters as soon as reasonably practicable in the event of the death of the Insured Person resulting or alleged to result from an Accident.

It is a condition precedent to Underwriters' liability to pay compensation to the Assured or his representatives;, that all medical records, notes, and correspondence referring to the subject of a claim or a related pre-existing condition shall be made available on request to any medical adviser appointed by or on behalf of Underwriters and that such medical adviser or advisers shall, for the purpose of reviewing the claim, be allowed so often as may be deemed necessary to make examination of the person of an Insured Person.

4. Any fraud, misstatement or concealment by an Insured Person if unknown to the Assured either in the proposal on which this Insurance is based or in relation to any other matter affecting this Insurance or in connection with the making of any claim hereunder shall render this Insurance null and void in so far as it relates to the Insured Person in question, but any such fraud, misstatement or concealment by or known to the Assured shall render the whole Insurance null and void and all claims hereunder shall be forfeited.

K(A) NMA 2320 SCHEDULEPolicy or Certificate No.

The Assured:

The address of the Assured

The occupation of the Assured

The period of insurance is from toboth days inclusive and for such further period or periods as may be mutually agreedupon

The geographical limits of this insurance are – anywhere in the World

The premium

Dated in the

SCHEDULE OF INSURED PERSONSNAME Address at

Inception of this Insurance

Occupation Date of birth Date of Proposal Form

Capital Sum Insured

SCHEDULE OF COMPENSATIONThis Insurance covers in respect only of such of the following benefits as have an amount inserted against them. Where benefits are not insured the words "NOT INCLUDED' are shown

1 Death.....................................................................................................2 Total and Irrecoverable loss of sight of both eyes ...............................3 Total and Irrecoverable loss of sight of one eye ..................................4. Loss of two limbs...................................................................................5 Loss of one limb.....................................................................................6 Total and Irrecoverable loss of sight of one eye and loss of one limb.7. Permanent Total Disablement (other than total loss of sight of one or both eyes or loss of limb)...........................................................8. Temporary Total Disablement............................................................. per week during such disablement but riot beyond ..........weeks from the date on which the Assured first became disabled9. Temporary Partial Disablement.......................................................... per week during such disablement but not beyond ..............weeks from the date on which the Assured first became disabled.

MEDICAL EXPENSES:Medical Expenses incurred in respect of Items 8 or 9 will be paid in addition by the Underwriters up to but not exceeding 15 per cent of any claim admitted under such item. However, if in respect of such Medical Expenses the Assured shall recover any payment under any other insurance, the Underwriters hereon shall only be liable for the difference between such recovery and the total cost of Medical Expenses incurred, not exceeding 15 per cent of the claim admitted under Item 8 or 9 hereof.

K(A) NMA 2320 (Schedule)

NMA 2327 LLOYD'S ACCIDENT OR ACCIDENT AND ILLNESS PROPOSAL FORM

BEFORE ANY QUESTION IS ANSWERED READ CAREFULLY THE DECLARATION AT THE END OF THIS PROPOSAL, WHICH MUST BE SIGNED. EVERY QUESTION MUST BE ANSWERED FULLY AND CORRECTLY BY THE PERSON TO BE INSURED OR ON HIS BEHALF BY THE PROPOSER.

1. Name and address in full of the Proposer (if other than the Person to be insured

Relationship to the Person to be Insured

ALL THE FOLLOWING QUESTIONS RELATE TO THE PERSON TO BE INSURED

2. Name in full Date of Birth

Height

Weight

3. Nature of Business or Occupation in which you Are engaged (if more than one, state all). If your duties are not solely of an office or Administrative nature please give details.

State period of insurance and commencement date required.

5. What Capital Sum do you wish to insure? £

6. Which of the following Scale of Benefits do you require? (If none of these scales is suitable, please insert your requirements under F)

SCHEDULE OF COMPENSATION (in percentages of the Capital Sum)

Scale of Benefits 100% A B C D E F G

Compensation payable in respect of ACCIDENT 1. Death.. 100%

100%

50%

100%

50%

100%

100%

100%

50%

100%

50%

100%

100%

100%

50%

100%

50%

100%

100%

100%

100%

100%

100%

100%

100%

100%

50%

100%

50%

100%

2. Total and Irrecoverable loss of sight of both eyes..

3. Total and Irrecoverable loss of sight of one eye ...........................................

4. Loss of two limbs................

5. Loss of one limb.... ... . ...

6. Total and Irrecoverable loss of sight of one eye and loss of one limb..........

The Policy includes Medical Expenses up to 15% of the total amount of any claim paid for Temporary Total or Temporary Partial Disablement, without additional premium.

7. Illness outside Europe is excluded. Therefore, if you have selected a scale of benefits which includes illness, do you require such cover?

If 'Yes', give location(s) and duratior(s). YES NO

8. If you travel by air as a passenger n a properly licensed multi-engined aircraft being operated by a licensed commercial air carrier or owned and operated by a commercial concern, please state the approximate number of flights and anticipated destinations.

9. Do you wish to be covered for the following risks which are NOT covered unless specifically agreed and endorsed on your policy? IF YES, give details:

YES NOa) i) Winter Sports? ii) Are competitions to be included?b) Skin Diving involving the use of breathing apparatus?c) Rock Climbing or Mountaineering normally involving the use of ropes or guides?d) Potholing?e) Hang-gliding or Parachuting?f) Hunting on horseback?g) Driving or riding in any kind of Race or Competition?h) Riding Motor Cycles or Motor Scooters?

If YES, state C.C.

i) Air Travel other than as described in Question 8?j) Any other occupation, sport, pastime or activity which is likely to involve extra risk of accident

IF YOU HAVE TICKED ANY OF THE 'YES' BOXES GIVE FULL DETAILS BELOW

QUESTION NO. DETAILS

10. Do you suffer from defective hearing or vision? If YES, to what extent?

YES NO

11. Have you ever suffered from hernia, lower back strain, disc lesion or other physical defect of a chronic or recurring nature?

If YES, give details YES NO YES NO

12. Have you ever suffered from any heart condition, hypertension, varicose veins, nervous condition, alcoholism, drug addiction or other illness or organic weakness of a chronic or recurring nature? If YES, give details.

YES NO

13. Have you undergone or have you any reason to believe you may need to undergo a surgical operation? If YES, give details.

YES NO

14. What accidents or illnesses have prevented you from attending to your business or occupation for periods of more than 14 days during the past three years?

15. Apart from any matter you have already described, are you now in and do you generally Enjoy good health?

YES NO

16. Are you now insured against accident or illness?If YES, with whom and for what capital amount and weekly benefits?

YES NO

17. Can you confirm that the weekly benefits under all policies carried by you, including that Now applied for, do not exceed your average weekly income?

If NO, give details

YES NO

18. Have you ever been declined or accepted on special terms, for life, accident, or illness Insurance, or have Lloyd's Underwriters or any Company ever cancelled or declined to Renew your policy? If YES, give details.

YES NO

DECLARATION

To the best of my/our knowledge and belief, the information provided in connection with this proposal, whether in my/our own hand or not, is true and I/we have not withheld any material facts. I/We understand that non-disclosure or misrepresentation of a material fact may entitle Underwriters to void the insurance. (NB. A material fact is one likely to influence acceptance or assessment of this proposal by Underwriters. If you are in any doubt as to whether a fact is material or not, you must disclose it.)

I/We understand that Underwriters will determine their terms and conditions upon the information provided in connection with this proposal; arc! I/we further understand that the signing of this proposal does not bind me/us to complete or Underwriters to accept this Insurance.

Signature of the Person to be Insured (if other than Proposer) Date

Signature of Proposer Date

Brief details of the cover available are shown in this form. A copy of the full standard WORDING may be seen upon application to your Broker.

If you would like a copy of this proposal form sent to you, please advise your Broker._________________________________________________________________

_________________________________________________________________

DEFINITIONS

'DEATH' means death within twelve months following the date of the Accident.

'BODILY INJURY' means identifiable physical injury which

a) is sustained by the Assured during the period of this Insurance,

b) is caused by an Accident and,

c) solely and independently of any other cause, except illness directly resulting from, or medical or surgical treatment rendered necessary by such injury, occasions the death or disablement of the Assured within twelve months from the date of the Accident.

'ACCIDENT' means a sudden, unexpected, unusual, specific event which occurs at an identifiable time and place, but also includes exposure resulting from a mishap to a conveyance in which the Assured is travelling.

'ILLNESS' means illness of the Assured which declares itself during the period of this Insurance and occasions the total disablement of the Assured within twelve months after declaring itself.

'TEMPORARY TOTAL DISABLEMENT' means disablement which entirely prevents the Assured from attending to his business or occupation of any and every kind.

'TEMPORARY PARTIAL DISABLEMENT' means disablement which prevents the Assured from attending to a substantial part of his business or occupation.

'PERMANENT TOTAL DISABLEMENT' means disablement which entirely prevents the Assured from attending to any business or occupation of any and every kind and which lasts twelve months and at the expiry of that period is beyond hope of improvement.

'LOSS OF A LIMB' means loss by physical separation of a hand at or above the wrist or of a foot at or above the ankle and includes total and irrecoverable loss of use of hand, arm or leg.

'MEDICAL EXPENSES' means expenses necessarily incurred by the Assured for medical, hospital, surgical, manipulative, massage, therapeutic, X-ray or nursing treatment, including the cost of medical supplies and ambulance hire.

'AIR TRAVEL' means being in or on or boarding an aircraft for the purpose of flying therein or alighting therefrom following a flight.

PRINCIPAL EXCLUSIONS


war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, or military or usurped power;

radioactive contamination;

the Assured engaging in or taking part in

(a) naval, military or air force service or operations;

(b) winter sports (other than skating or curling)



(c) skin diving involving the aid of breathing apparatus, rock climbing or mountaineering normally involving the use of ropes or guides, potholing, .'rang gliding, parachuting, hunting on horseback, or driving or riding in any kind of race;

(d) driving or riding on motor cycles or motor scooters other than mopeds;

the Assured engaging in air travel except as a passenger in a properly licensed multi-engined aircraft being operated by a licensed commercial air carrier or owned and operated by a commercial concern;

suicide or attempted suicide or intentional self-injury or the Assured being in a state of insanity;

Acquired Immune Deficiency Syndrome (AIDS) or AIDS Related Complex (ARC) howsoever this syndrome has been acquired or may be named;

deliberate exposure to exceptional danger (except in an attempt to save human life), or the Assured's own criminal act, or the Assured being under the influence of alcohol or drugs.

AND in the case of ILLNESS: venereal disease; pregnancy and childbirth.

CONDITIONS

If the Assured shall regularly engage in any occupation, sport, pastime or activity in which materially greater risk may be incurred than disclosed in connection with this Insurance without first notifying the Underwriters and obtaining their written agreement to the amendment of this Insurance (subject to the payment of such additional premium as the Underwriters may reasonably require as the consideration for such agreement), then no claim shall be payable in respect of any Accident arising therefrom.

If the consequences of an Accident shall be aggravated by any condition or physical disability of the Assured which existed before the Accident occurred, the amount of any compensation payable under this Insurance in respect of the consequences of the Accident shall be the amount which it is reasonably considered would have been payable if such consequences had not been so aggravated.

Notice must be given to the Underwriters as soon as reasonably practicable of any Accident or Illness which causes or may cause disablement within the meaning of this Insurance, and the Assured must as early as possible place himself under the care of a duly qualified medical practitioner.

Notice must be given to the Underwriters as soon as reasonably practicable in the event of the death of the Assured resulting or alleged to result from an Accident.

It is a condition precedent to Underwriters' liability to pay compensation to the Assured or his representatives, that all medical records, notes, and correspondence referring to the subject of a claim or a related pre-existing condition shall be made available on request to any medical adviser appointed by or on behalf of Underwriters and that such medical adviser or advisers shall, for the purpose of reviewing the claim, be allowed so often as may be deemed necessary to make examination of the person of the Assured.

Any fraud, concealment, or deliberate misstatement either in the proposal on which this Insurance is based or in relation to any other matter affecting this Insurance or in connection with the making of any claim hereunder shall render this Insurance mill and void and all claims hereunder shall be forfeited.

And in the case of ILLNESS this Insurance is issued on the condition that the Assured has no other illness insurance except as specifically declared to the Underwriters at inception or agreed by them during the period of this Insurance.

NOTE: Wherever the word Assured' appears it should be deemed to mean 'Assured or the Insured Person as the case may be'.

NMA 2327 Form approved by Lloyd's Underwriters' Non-Marine Association

J NMA 2420 LLOYD'S POLICY

We, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached hereto (hereinafter referred to as 'the Underwriters'), hereby agree, in consideration of the payment to Us by or on behalf of the Assured of the premium specified in the Schedule, to insure against loss, including but not limited to associated expenses specified herein, if any, to the extent and in the manner provided in this Policy.

The Underwriters hereby bind themselves severally and not jointly, each for his own part and not one for another, and therefore each of the Underwriters (and his Executors and Administrators) shall be liable only for his own share of his syndicate's proportion of any such loss and of any such expenses. The identity of each of the Underwriters and the amount of his share may be ascertained by the Assured or the Assured's representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

Notwithstanding anything to the contrary contained herein this Policy does not cover loss, damage or liability directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalisation or requisition or destruction of or damage to property by or under the order of any government or public or local authority.

If the Assured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed this Policy on behalf of each of Us.


J NMA 2420 (3.1.95) Form approved by Lloyd's Underwriters' Non-Marine Association Limited.

J(A) NMA 2421 LLOYD'S POLICYWe, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached hereto (hereinafter referred to as 'the Underwriters'), hereby agree, in consideration of the payment to Us by or on behalf of the Assured of the premium specified in the Schedule, to insure against loss, including but not limited to associated expenses specified herein, if any, to the extent and in the manner provided in this Policy.

The Underwriters hereby bind themselves severally and not jointly, each for his own part and rot one for another, and therefore each of the Underwriters (and his Executors and Administrators) shall be liable only for his own share of his syndicate's proportion of any such loss and of any such expenses. The identity of each of the Underwriters and the amount of his share may be ascertained by the Assured or the Assured's representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

If the Assured shall make any claim knowing the same to be false or fraudulent, as regards amount or otherwise, this Policy shall become void and all claim hereunder shall be forfeited.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed this Policy on behalf of each of Us.

LLOYD'S POLICY SIGNING OFFICE General. Manager

J(A) NMA 2421 (3.1.95) Form approved by Lloyd's Underwriters' Non-Marine Association Limited.51

SCHEDULE

Policy or Certificate No. / Contract No. (if any)

The name and address of the Assured

The risk, interest, location and sum insured hereunder

The Premium

The period of Insurance from toboth days inclusive. and for such further period or periods as may be mutually agreed upon

Dated in the

J or J(A) (Schedule) NMA 2422 for attachment to NMA 2420, NMA 2421, NMA 2461 or NMA 2462

K.(USA) NMA 2584 LLOYD'S PERSONAL ACCIDENT POLICYWe, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached to this; Policy (hereafter referred to as 'we', 'our' and 'us') agree to pay the benefits of this Policy to the Assured as identified in the Schedule attached hereto (hereafter referred to as 'you' and "your') in the manner and to the extent provided in this Policy.

This Policy is issued in consideration of the application and your agreement to pay the required premium to us. The application, Policy, Schedule and endorsements constitute the entire contract between you and us. A copy of the Application Form, if any, is attached as part of your Policy.

We hereby bind ourselves severally and not jointly, each for our own part and not one for another, and therefore we (and our Executors and Administrators) shall be liable only for our own shares of our respective syndicates' proportions of any such benefits. The identity of each of us and the amounts of our respective shares may be ascertained by you or your representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed this Policy on behalf of each of us.


K.(USA) NMA 2584 (09/03/95) Form approved by Lloyd's Underwriters' Non-Marine Association Limited.

Words in bold print in this Policy have special meaning, as defined in the DEFINITIONS of this Policy.

IMPORTANT NOTICE - THIS POLICY DOES NOT PROVIDE SICKNESS INSURANCE

INSURING AGREEMENT

We will pay you the benefits you have selected from Parts I and II, as stated in the Schedule, for a loss resulting from Bodily Injury caused by an Accident, which Accident occurs during the Term of Insurance stated in the Schedule. The total amount payable under this Policy as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit stated in the Schedule for the coverage you have selected.

PART I ACCIDENTAL DEATH, ACCIDENTAL LOSS OF LIMB OR SIGHT AND ACCIDENTAL PERMANENT TOTAL DISABILITY

We will pay you the benefit per Accident as stated in the Schedule, subject to the limitations set forth in the Insuring Agreement, if you suffer any of the following losses as a result of Bodily Injury:

1. Death;

2. Loss of sight of both eyes;

3. Loss of sight of one eye;

4. Loss of limit, involving two or more limbs;

5. Loss of limb, involving only one limb;

6. Loss of sight of one eye and Loss of limb, involving only one limb;

7. Permanent Total Disability.

We will pay you the benefit for a loss resulting from Bodily Injury for Items 2 through 6 only if you survive the loss for 30 days after the Accident.

PART II ACCIDENTAL TEMPORARY TOTAL DISABILITY

We will pay you this benefit as stated in the Schedule only where Temporary Total Disability is caused by Bodily Injury. This benefit will be payable from the date on which your disability first commenced and each and every disability will be subject to any applicable Elimination Period as stated in the Schedule.

This benefit will be payable for the duration of your disability, but will not exceed the maximum number of weeks as stated in the Schedule, regardless of the number of Accidents.

BENEFIT LIMITATION

1. The total amount payable to you under Part I is limited to the largest single benefit per Accident for which you are eligible under Part I.

2. If you suffer a loss under both Part I and Part II:

(a) the total amount payable to you per Accident shall not exceed the largest single benefit for which you are eligible under Part I or Part II; and

(b) benefits which you have received or are payable to you under Part II as a result of the same Accident will be deducted from the largest single benefit for which you are eligible under Part I.

3. The total amount payable under this Policy as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit stated in the . Schedule for the coverage you have selected.

DEFINITIONS

1. 'BODILY INJURY means identifiable physical injury caused by an Accident. Any injury is a bodily injury only if it results, within 365 days of the date of the Accident and directly and independently of all other causes, in loss for which a benefit is payable under this Policy.

2. 'ACCIDENT' (or 'ACCIDENTAL') means a sudden and unexpected event which occurs at an identifiable time and place.

This shall also include:

(a) exposure to the elements following an accident to a means of transport in which you are travelling, or

(b) your disappearance and your body not being found within 365 days and there being sufficient evidence to lead us to the conclusion that you sustained Bodily Injury which caused your death. However, in the event of your subsequently being found to be alive;, any sums which we have paid shall be refunded.

3. 'LOSS OF SIGHT' means total and irrecoverable loss of sight.

4. 'LOSS OF LIMB' means loss by complete and permanent severance of:

(a) a hand at or above the wrist;

(b) a foot at or above the ankle.

5. 'PERMANENT TOTAL DISABILITY* means that you are totally disabled from undertaking all the material duties of any business or occupation for which you arc reasonably fitted by training, education or experience for a continuous period of 365 days and, at the expiration of the 365 day period, it is reasonably certain that such disability will persist throughout your lifetime.

6. 'TEMPORARY TOTAL DISABILITY' means that you are totally disabled from undertaking all the material duties of your normal occupation for which you were receiving remuneration at the time of the Accident and, throughout the period of your disability, remain under the prudent care of a licensed physician.

7. 'ELIMINATION PERIOD' means the number of days from the commencement of Temporary Total Disability during which no benefit is payable.

8. 'AIR TRAVEL' means travel by you as a passenger riding in, or boarding or disembarking from any aircraft with a current and valid standard airworthiness certificate. The aircraft must be operated by a pilot with a current and valid pilot's certificate with a proper rating to pilot such aircraft.

AIR TRAVEL' does not include your acting as a pilot, student pilot or crew member on any aircraft or your having duties on or relating to the aircraft or flight.

EXCLUSIONS

This Policy does not cover Bodily Injury directly or indirectly caused by, contributed to by, or resulting from:

1. sickness or disease (except bacterial infection arising from Bodily Injury) or mental infirmity or emotional or psychological trauma;

2. war, whether declared or not or any act of war or civil war;

3. your taking part in Armed Forces service or operations except for Air Travel as defined in this Policy;

4. riding or driving in any kind of race;

5. travel or flight in any aircraft or aerial device except for Air Travel as defined in this Policy;55

6. suicide, self-destruction, attempted suicide or self-destruction, or intentionally self-inflicted injury, while sane or insane;

7. (a) any drug taken, administered or injected, except on the advice of or as directed by a licensed physician;

(b) any alcoholic beverage consumed by you to the level of intoxication;

(c) any poison, chemical compound, gas or fumes voluntarily taken, administered, absorbed or inhaled;

8. your committing or attempting to commit a criminal act;

9. your voluntary exposure to unnecessary danger (except in an attempt to save human life).

CONDITIONS AND GENERAL TERMS

1. We will not be bound by an assignment either of this Policy or of any claim under this Policy unless; we receive written assignment before we pay the benefits claimed. We will not be responsible for the validity of any assignment.

2. Notice of any change in your occupation must be given to us as soon as practicable. We will acknowledge such change of occupation in writing and make whatever change in Policy conditions and terms we may require.

Failure to notify us of such change of occupation may result in a reduction of benefit as a result of any Accident arising out of or in the course of that occupation.

3. Written notice of a claim must be given to us within 30 days after an Accident which causes or may cause a loss covered by this Policy, or as soon thereafter as reasonably possible. Notice given by you or your representative to our representative as stated in the Schedule, with sufficient information to identify you as the Assured and a brief description of the Accident, shall be deemed notice to us. We will send you or your representative proof of loss forms after we have received written notice of a claim.

4. Proof of loss forms must be completed and given to us within 90 days of the Accident.

5. We, at our expense, following notice of a claim, have the right to have you examined by a physician or vocational expert of our choice. This right may be exercised as often as reasonably required. In the event of your death, we have the right to have your body examined and to have an autopsy performed unless prohibited by law.

6. We reserve the right not to make payment on a claim if:

(a) a false statement or omission in your application for this Policy would have materially affected our decision to issue you this coverage for the premium and on the terms described in this Policy;

(b) in the Halting of any claim hereunder, there shall be any fraud, misstatement or concealment by you.

7. All benefit payments under this Policy will be made in the United States of America in the currency of the United States of America.

8. No action on this Policy may be brought until sixty (60) days after written proof of loss has been given to us, and any action must be started within three (3) years of the date the written proof is required to

be submitted. If the law of the state where you reside makes this time limit void, then an action must begin within the shortest time permitted by law.

9. In the event of our failure to pay any amount claimed to be due under this Policy, at your request or the request of your representative, we will submit to the jurisdiction of a Court of competent jurisdiction within the United States of America. Nothing in this paragraph constitutes or should be understood to constitute a waiver of our right to commence an action in any Court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another Court as permitted by the laws of the United States or of any State in the United States. In any suit instituted against us on this Policy, we will abide by the final decision of the Court or of the Appellate Court in the event of an appeal.

Our representative named in the Schedule is authorized and directed to accept service of process on our behalf in any such suit and, upon your request or the request of your representative, to give a written undertaking to you that he or she will enter a general appearance on our behalf.

Further, pursuant to the statute of any state, territory or district of the United States which so provides, we designate the Superintendent, Commissioner, or Director of Insurance or other officer specified for that purpose in the statute, or his successor or successors in office, as our true and lawful attorney upon whom may be served lawful process in an action arising out of this Policy instituted by you or on your behalf. We designate our representative named in the Schedule to whom the officer is authorized to serve process.

10. If, on the effective date of this Policy, any provision in it conflicts with the laws of any State which are applicable to this Policy, that provision is amended to meet the minimum requirements of such laws.

NMA 2584 (9/3/95)

NMA 2586 THE SCHEDULE_______________________________________________________________________________

THIS SCHEDULE PAGE IS A PART OF YOUR POLICY, IT SUPERSEDES AND REPLACES ANY SCHEDULE BEARING AN EARLIER EFFECTIVE DATE

_______________________________________________________________________________

Policy Certificate No: (Response)

________________________________________________________________________________

Name of Assured:

(Response)

Assured's Address:

(Response)

Assured's Occupation:

(Response)

Date of written application:

(Response)

Beneficiary in the event of death:

(Response)

__________________________________________________________________________

The Term of Insurance is from (Response) (effective date) to (Response) both days (Response)

___________________________________________________________________________

BENEFITS COVERED

This Policy provides cover only in respect of such of the following benefits as have an amount inserted against them. Where no such amount is set forth or the words 'NOT COVERED' are inserted, no insurance is provided.

PART I: ACCIDENTAL DEATH, ACCIDENTAL LOSS OF LIMB ORSIGHT AND ACCIDENTAL PERMANENT TOTAL DISABILITY

1. Death (Response)

2. Loss of sight of both eyes (Response)

3. Loss of sight of one eye (Response)

4. Loss of limb, involving two or more limbs (Response)

5. Loss of limb, involving only one limb (Response)

6. Loss of sight of one eye and Loss of limb,involving only one limb (Response)

7. Permanent Total Disability (Response)

________________________

__________________________________________________________________________

PART II: ACCIDENTAL TEMPORARY TOTAL DISABILITY (Response) (per week)

payable during such Temporary Total Disability up to a maximum of (Response) weeks and after an Elimination Period of the first (Response) days of disability. This part shall not pay benefits for more than (Response) weeks regardless of the number of Accidents.

GEOGRAPHICAL LIMITS:(Response)_____________________________________________________________________________________

PREMIUM:(Response)_____________________________________________________________________________________

Notice of Claim and Proof of Loss to be given to:

Name:(Response)

Address:(Response)____________________________________________________________________________________

Service of Process to be given to:

Name:(Response)

Address:(Response)____________________________________________________________________________________

Dated in London: (Response) (Response)

K (USA) NMA 2586 FOR ATTACHMENT TO NMA 2584.

K(A)(USA) NMA 2587 LLOYD'S PERSONAL ACCIDENT POLICYK(A)(USA) NMA 2587 (09/03/95)

We, Underwriting Members of the syndicates whose definitive numbers and proportions are shown in the Table attached to this Policy (hereafter referred to as 'we', 'our' and 'us') agree to pay the benefits of this Policy to the Assured as identified in the Schedule attached hereto (hereafter referred to as 'you' and 'your') in the manner and to the extent provided in this Policy.

This Policy is issued in consideration of the application and your agreement to pay the required premium to us. The application, Policy, Schedule and endorsements constitute the entire contract between you and us. A copy of the Application Form, if any, is attached as part of your Policy.

We hereby bind ourselves severally and not jointly, each for our own part and not one for another, and therefore we (and our Executors and Administrators) shall be liable only for our own shares of our respective syndicates' proportions of any such benefits. The identity of each of us and the amounts of our respective shares may be ascertained by you or your representative on application to Lloyd's Policy Signing Office, quoting the Lloyd's Policy Signing Office number and date shown in the Table.

In Witness whereof the General Manager of Lloyd's Policy Signing Office has signed this Policy on behalf of each of us.


K(A)(USA) NMA 2587 (09/03/95) Form approved by Lloyd's Underwriters' Non-Marine Association Limited.

Words in bold print in this Policy have special meaning, as defined in the DEFINITIONS of this Policy.

IMPORTANT NOTICE - THIS POLICY DOES NOT PROVIDE SICKNESS INSURANCE.

INSURING AGREEMENT

We will pay you the benefits you have selected from Parts I and II, as stated in the Schedule, for a loss sustained by an Insured Person resulting from Bodily Injury caused by an Accident, which Accident occurs during the Term of Insurance as stated in the Schedule. The total amount payable under this Policy as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit as stated in the Schedule for the coverage you have selected.60


We will pay you the benefit per Accident as stated in the Schedule, subject to the limitations set forth in the Insuring Agreement, if an Insured Person suffers any of the following losses as a result of Bodily Injury:

1. Death;



4. Loss of limb, involving two or more limbs;


6. Loss of sight of one eye and Loss of limb, involving only one limb;


We will pay you the benefit for a loss resulting from Bodily Injury for Items 2 through 6 only if the Insured Person sustaining such Bodily Injury survives the loss for 30 days after the Accident.


We will pay you this benefit as stated in the Schedule only where Temporary Total Disability is caused by Bodily Injury. This benefit will be payable from the date on which the Insured Person's disability first commenced and each and every disability will be subject to any applicable Elimination Period as stated in the Schedule. This benefit will be payable for the duration of the Insured Person's disability, but will not exceed the maximum number of weeks as stated in the Schedule, regardless of the number of Accidents.

BENEFIT LIMITATION


2. If an Insured Person suffers a loss under both Part I and Part II:

a) the total amount payable to you per Accident shall not exceed the largest single benefit for which you are eligible under Part I or Part II; and

b) benefits which you have received or are payable to you under Part II as a result of the same Accident will be deducted from the largest single benefit for which you are eligible under Part I.

3. The total amount payable under this Policy as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit as stated in the Schedule for the coverage you have selected.

DEFINITIONS

1. 'BODILY INJURY' means identifiable physical injury caused by an Accident. Any injury is a bodily injury only if it results, within 365 days of the date of the Accident and directly and independently of all other causes, in loss for which a benefit is payable under this Policy.

2. 'ACCIDENT' (or 'ACCIDENTAL') means a sudden and unexpected event which occurs at an identifiable time and place.61


(a) exposure to the elements following an accident to a means of transport in which the Insured Person is travelling, or

(b) the Insured Person's disappearance and his/her body not being found within 365 days and there being sufficient evidence to lead us to the conclusion that the Insured Person sustained Bodily Injury which caused his/her death. However, in the event of the Insured Person subsequently being found to be alive, any sums which we have paid shall be refunded.


4. 'LOSS OF LIMB' means loss by complete and permanent severance of:


(b) a foot .it or above the ankle.

5. 'PERMANENT TOTAL DISABILITY means that the Insured Person is totally disabled from undertaking all the material duties of any business or occupation for which the Insured Person is reasonably fitted by training, education or experience for a continuous period of 365 days and, at the expiration of the 365 day period, it is reasonably certain that such disability will persist throughout the Insured Person's lifetime.

6. "TEMPORARY TOTAL DISABILITY" means that the Insured Person is totally disabled from undertaking all the material duties of the Insured Person's normal occupation for which the Insured Person was receiving remuneration at the time of the Accident and, throughout the period of such disability, remains under the prudent care of a licensed physician.


8. 'AIR TRAVEL' means travel by an Insured Person as a passenger riding in, or boarding or disembarking from any aircraft with a current and valid standard airworthiness certificate. The aircraft

must be operated by a pilot with a current and valid pilot's certificate with a proper rating to pilot such aircraft.

'AIR TRAVEL' does not include an Insured Person acting as a pilot, student pilot or crew member on any aircraft or the Insured Person having duties on or relating to the aircraft or flight.

9. 'INSURED PERSON(S)' means the person(s) named in the Schedule under INSURED PERSONS AND BENEFITS COVERED.

EXCLUSIONS

This Policy does not cover Bodily Injury sustained by an Insured Person directly or indirectly caused by, contributed to by, or resulting from:


2. war, whether declared or not, or any act of war or civil war;

3. an Insured Person taking part in Armed Forces service or operations except for Air Travel as defined in this Policy;


5. travel or flight in any aircraft or aerial device except for Air Travel as defined in this Policy;

6. suicide, self-destruction, attempted suicide or self-destruction, or intentionally self-inflicted injury, while sane or insane;


(a) any alcoholic beverage consumed by an Insured Person to the level of intoxication;

(b) any poison, chemical compound, gas or fumes voluntarily taken, administered, absorbed or inhaled;

(c) commission of or the attempted commission of a criminal act by an Insured Person;

8. voluntary exposure to unnecessary danger (except in an attempt to save human life).


(b) We will not be bound by an assignment either of this Policy or of any claim under this Policy unless we receive written assignment before we pay the benefits claimed. We will not be responsible for the

2. Notice of any change in the Insured Person's occupation must be given to us as soon as practicable. We will acknowledge such change of occupation in writing and make whatever change in Policy conditions and terms we may require.


3. Written notice of a claim must be given to us within 30 days after an Accident which causes or may cause a loss covered by this Policy, or as soon thereafter as reasonably possible. Notice given by you or your representative to our representative as stated in the Schedule, with sufficient information to identify the Insured Person and a brief description of the Accident, shall be deemed notice to us. We will send you or your representative proof of loss forms after we have received written notice of a claim.


5. We, at our expense, following notice of a claim, have the right to have the Insured Person examined by a physician or vocational expert of our choice. This right may be exercised as often as reasonably required. In the event of such Insured Person's death, we have the right to have his/her body examined and an autopsy performed unless prohibited by law.


a) a false statement or omission in your application for this Policy would have materially affected our decision to issue you this coverage for the premium and on the terms described in this Policy;

b) in the making of any claim hereunder, there shall be any fraud, misstatement, concealment or criminal act by you or the Insured Person.

7. All benefit payments under this Policy will be made in the United States of America in the currency of the United States of America.

8. No action on this Policy may be brought until sixty (60) days after written proof of loss has been given to us, and any action must be started within three (3) years of the date the written proof is required to be submitted. If the law of the state where you reside makes this time limit void, then an action must begin within the shortest time permitted by law.

9. In the event of our failure to pay any amount claimed to be due under this Policy, at your request or the request of your representative, we will submit to the jurisdiction of a Court of competent jurisdiction within the United States of America. Nothing in this paragraph constitutes or should be understood to constitute a waiver of our right to commence an action in any Court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another Court as permitted by the laws of the United States or of any State in the United States. Service of process in any suit instituted against us on this Policy shall be made upon our representative named in the Schedule and we will abide by the final decision of the Court or of the Appellate Court in the event of an appeal.

Our representative referred to above is authorized and directed to accept service of process on our behalf in any such suit and, upon your request or the request of your representative, to give a written undertaking to you that he or she will enter a general appearance on our behalf.

Further, pursuant to the statute of any state, territory or district of the United States which so provides, we designate the Superintendent, Commissioner, or Director of Insurance or other officer specified for the purpose in the statute, or his successor or successors in office, as our true and lawful attorney upon whom may be served lawful process in an action arising out of this Policy instituted by you or on your behalf. We designate our representative named in the Schedule to whom the officer is authorized to serve process

10. If, on the effective date of this Policy, any provision in it conflicts with the laws of any State which are applicable to this Policy, that provision is amended to meet the minimum requirements of such laws.

K(A) (USA) NMA 2587 (09/03/95)

K(A)(USA) NMA 2588 LLOYD'S PERSONAL ACCIDENT CERTIFICATEThis Certificate is issued in accordance with the limited authorization granted to the undersigned correspondent by certain Underwriters at Lloyd's, London whose syndicate numbers and proportions can be ascertained from the office of the said correspondent and who hereby agree to pay the benefits of this Certificate to the Assured, as identified in the Schedule attached hereto, in the manner and to the extent provided in this Certificate. Such Underwriters are hereafter referred to as 'we', 'our' and 'us' and such Assured is hereafter referred to as 'you' and 'your'.

This Certificate is issued in consideration of the application and your agreement to pay the required premium to us. The application, Certificate, Schedule and endorsements constitute the entire contract between you and us. A copy of the Application Form, if any, is attached as part of your Certificate.

We hereby bind ourselves severally and not jointly, each for our own part and not one for another, and therefore we (and our Executors and Administrators) shall be liable only for our own shares of our respective syndicates' proportions of any such benefits.

In Witness whereof this Certificate has been signed at

by

K(A)(USA) NMA 2588 (09/03/95) Form approved by Lloyd's Underwriters' Non-Marine Association Limited.

Words in bold print in this Certificate have special meaning, as defined in the DEFINITIONS of this Certificate.

IMPORTANT NOTICE - THIS CERTIFICATE DOES NOT PROVIDE SICKNESS INSURANCE.

INSURING AGREEMENT

We will pay you the benefits you have selected from Parts I and II, as stated in the Schedule, for a loss sustained by an Insured Person resulting from Bodily Injury caused by an Accident, which Accident occurs during the Term of Insurance stated in the Schedule. The total amount payable under this Certificate as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit stated in the Schedule for the coverage you have selected.


We will pay you the benefit per Accident as stated in the Schedule, subject to the limitations set forth in the Insuring Agreement, if an Insured Person suffers any of the following losses as a result of Bodily Injury:

1. Death;



4. Loss of limb, involving two or more limbs;


6. Loss of sight of one eye and Loss of Limb, involving only one limb;


We will pay you the benefit for a loss resulting from Bodily Injury for Items 2 through 6 only if the Insured Person sustaining such Bodily Injury survives the loss for 30 days after the Accident.

.


We will pay you this benefit as stated in the Schedule only where Temporary Total Disability is caused by Bodily Injury. This benefit will be payable from the date on which the Insured Person's disability first commenced and each and every disability will be subject to any applicable Elimination Period as stated in the Schedule. This benefit will be payable for the duration of the Insured Person's disability, but will not exceed the maximum number of weeks as stated in the Schedule, regardless of the number of Accidents.

BENEFIT LIMITATION


2. If an Insured Person suffers a loss under both Part I and Part II:

a) the total amount payable to you per Accident shall not exceed the largest single benefit for which you are eligible under Part I or Part II; and

b) benefits which you have received or are payable to you under Part II as a result of the same Accident will be deducted from the largest single benefit for which you are eligible under Part I.

3. The total amount payable under this Certificate as the result of one or more Accidents shall not exceed the amount corresponding to the largest single benefit as stated in the Schedule for the coverage you have selected.

DEFINITIONS

1. 'BODILY INJURY* means identifiable physical injury caused by an Accident. Any injury is a bodily injury only if it results, within 365 days of the date of the Accident and directly and independently of all other causes in loss for which a benefit is payable under this Certificate.

2. 'ACCIDENT' (or 'ACCIDENTAL') means a sudden and unexpected event which occurs at an identifiable time and place.


a) exposure to the elements following an accident to a means of transport in which the Insured Person is travelling, or

b) the Insured Person's disappearance and his/her body not being found within 365 days and there being sufficient evidence to lead us to the conclusion that the Insured Person sustained Bodily Injury which caused his/her death. However, in the event of the Insured Person subsequently being found to be alive, any sums which we have paid shall be refunded.


4. 'LOSS OF L1.MB' means loss by complete and permanent severance of:


(b) a foot at or above the ankle.

5. 'PERMANENT TOTAL DISABILITY' means that the Insured Person is totally disabled from undertaking all the material duties of any business or occupation for which the Insured Person is reasonably fitted by training, education or experience for a continuous period of 365 days and, at the expiration of the 365 day period, it is reasonably certain that such disability will persist throughout the Insured Person's lifetime.

1. 'TEMPORARY TOTAL DISABILITY' means that the Insured Person is totally disabled from undertaking all the material duties of the Insured Person's normal occupation for which you were receiving remuneration at the time of the Accident and, throughout the period of such disability, remains under the prudent care of a licensed physician.


3. 'AIR TRAVEL' means travel by an Insured Person as a passenger riding in, or boarding or disembarking from any aircraft with a current and valid standard airworthiness certificate. The aircraft must be operated by a pilot with a current and valid pilot's certificate with s proper rating to pilot such aircraft.

'AIR TRAVEL does not include an Insured Person acting as a pilot, student pilot or crew member on any aircraft or the Insured Person having duties on or relating to the aircraft or flight.

4. 'INSURED PERSON(S)' means the person(s) named in the Schedule under INSURED PERSONS AND BENEFITS COVERED

EXCLUSIONS

This Certificate does not cover Bodily Injury sustained by an Insured Person directly or indirectly caused by, contributed to by, or resulting from:


2. war, whether declared or not, or any act of war or civil war;

3. an Insured Person taking part in Armed Forces service or operations except for Air Travel as defined in this Certificate;


5. travel or flight in any aircraft or aerial device except for Air Travel as defined in this Certificate;

6. suicide, self-destruction, attempted suicide or self destruction, or intentionally self-inflicted injury, while sane or insane;


(a) any alcoholic beverage consumed by an Insured Person to the level of intoxication;

(b) any poison, chemical compound, gas or fumes voluntarily taken, administered, absorbed or inhaled;

8. commission of or the attempted commission of a criminal act by an Insured Person;

9. voluntary exposure to unnecessary danger (except in an attempt to save human life).


1. We will not be bound by an assignment either of this Certificate or of any claim under this Certificate unless we receive written assignment before we pay the benefits claimed. We will not be responsible for the validity of any assignment.

2. Notice of any change in the Insured Person's occupation must be given to us as soon as practicable. We will acknowledge such change of occupation in writing and make whatever change in Policy conditions and terms we may require.


3. Written notice of a claim must be given to us within 30 days after an Accident which causes or may cause a loss covered by this Certificate, or as soon thereafter as reasonably possible. Notice given by you or your representative to our representative as stated in the Schedule, with sufficient information to identify the Insured Person and a brief description of the Accident, shall be deemed notice to us. We will send you or your representative proof of loss forms after we have received written notice of a claim.


5. We, at our expense, following notice of a claim, have the right to have the Insured Person examined by a physician or vocational expert of our choice. This right may be exercised as often as reasonably required. In the event of such Insured Person's death, we have the right to have his/her body examined and to have an autopsy performed unless prohibited by law.


(a) a false statement or omission in your application for this Certificate would have materially affected our decision to issue you this coverage for the premium and on the terms described in this Certificate;

(b) in the making of any claim hereunder, there shall be any fraud, misstatement, concealment or criminal act by you or the Insured Person.

7. All benefit payments under this Certificate will be made in the United States of America in the currency of the United States of America.

8. No action on this Certificate may be brought until sixty (60) days after written proof of loss has been given to us, and any action must be started within three (3) years of the date the written proof is required to be submitted. If the law of the state where you reside makes this time limit void, then an action must begin within the shortest time permitted by law.68

9. In the event of our failure to pay any amount claimed to be due under this Certificate, at your request or the request of your representative, we will submit to the jurisdiction of a Court of competent jurisdiction within the United States of America. Nothing in this paragraph constitutes or should be understood to constitute a waiver of our right to commence an action in any Court of competent jurisdiction in the United States, to remove an action to a United States District Court, or to seek a transfer of a case to another Court as permitted by the laws of the United States or of any State in the United States. Service of process in any suit instituted against us on this Certificate shall be made upon our representative named in the Schedule and we will abide by the final decision of the Court or of the Appellate Court in the event of an appeal.

Our representative referred to above is authorized and directed to accept service of process on our behalf in any such suit and, upon your request or the request of your representative, to give a written undertaking to you that he or she will enter a general appearance on our behalf.

Further, pursuant to the statute of any state, territory or district of the United States which so provides, we designate the Superintendent, Commissioner, or Director of Insurance or other officer specified for the purpose in the statute, or his successor or successors in office, as our true and lawful attorney upon whom may be served lawful process in an action arising out of this Certificate instituted by you or on your behalf. We designate our representative named in the Schedule to whom the officer is authorized to serve process.

10. If, on the effective date of this Certificate, any provision in it conflicts with the laws of any State which are applicable to this Certificate, that provision is amended to meet the minimum requirements of such laws.

K(A)(USA) NMA 2588 (09/03/95)

NMA 2589 SCHEDULETHESE SCHEDULE PAGES ARE A PART OF YOUR POLICY/CERTIFICATE. THEY SUPERSEDE AND REPLACE ANY SCHEDULE BEARING AN EARLIER EFFECTIVE DATE.__________________________________________________________________________________Policy/Certificate No.__________________________________________________________________________________

Name of Assured

Assured's Address

__________________________________________________________________________________

The Term of Insurance is from (effective date) toboth days at 12:01 a.m. local standard time at the Assured's Address specified above, and forfurther periods, if any, as specified by endorsement to this Insurance.___________________________________________________________________________________

BENEFITS COVERED

This Policy/Certificate provides cover only in respect of such of the following benefits as have an amount or percentage of the Principal Sum inserted against them, either in 'Benefits Covered' or 'Insured Persons and Benefits Covered'. Where no such amount or benefit is set forth or the words NOT COVERED' are inserted, no insurance is provided.

PART I: ACCIDENTAL DEATH, ACCIDENTAL LOSS OF LIMB OR SIGHT AND ACCIDENTAL PERMANENT TOTAL DISABILITY

Percentage of the Principal Sum(maximum 100%)

1. Death ........................................................................................ %

2. Loss of sight of both eyes ........................................................... %

3. Loss of sight of one eye ............................................................. %

4. Loss of limb, involving two or more limbs ..................................... %

4. Loss of limb, involving only one limb ........................................... %

6. Loss of sight of one eye and Loss of limb, involving only one limb... %

7. Permanent Total Disability ..................................................... %

PART II: ACCIDENTAL TEMPORARY TOTAL DISABILITY

The amount payable per week during such Temporary Total Disability up to a maximum of 52 weeks and after the Elimination Period as stated in the Schedule. This part shall not pay benefits for more than 52 weeks any one Insured Person regardless of the number of Accidents.

__________________________________________________________________________________

GEOGRAPHICAL LIMITS WORLDWIDE

PREMIUM $

______________________________________________________________________

Notice of Claim and Proof of Loss to be given to:NameAddress___________________________________________________________________________________

Service of Process to be given to:NameAddress___________________________________________________________________________________

Dated in the

___________________________________________________________________________________

K(A)(USA) (Schedule) NMA 2589 FOR ATTACHMENT TO NMA 2587 OR NMA 2588

____________________________________________________________________________________

INSURED PERSONS AND BENEFITS COVERED

This Policy/Certificate provides cover only in respect of such of the benefits as have an amount or percentage of the Principal Sum inserted against them. Where no such amount or percentage is set forth or the words 'NOT COVERED' are inserted, no insurance is provided.

TEMPORARY TOTAL DISABILITY

Name Address Occupation Date of Written application

Principal Sum

US$

Amount per week US$

Elimination Period (days)

Documents

nma 981 exposure clause