INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(542, '3', 'MCAEM', 'Subj. to Motor Veh. Acces. CPA & Mortg. Clause Endt.', '<p>Subj. to Motor Veh. Acces. CPA &amp; Mortg. Clause Endt.</p>\n', '', 450, '', '2017-04-06 02:32:36', '2017-04-06 02:32:36', 169, 169),
(543, '5', 'SPAE', 'Subject to Personal Accident Endorsement Attached Hereto', '<p>Subject to Personal Accident Endorsement Attached Hereto</p>\n', '', 450, '', '2017-04-06 02:34:25', '2018-02-12 14:19:14', 169, 69),
(544, '1,6', ' CYBR EXCL', ' CYBER EXCLUSION', '<p>This policy does not cover<br />\n<br />\n(i) DAMAGE: to any computer or other equipment or component or system or item which processes stores transmit or retrieves data or any part thereof including loss or corruption of data whether tangible or intangible (including but without limitation any information or programs or software) and whether the property of the Insured or not, where such DAMAGE is caused by [programming or operator error] Virus or Similar Mechanism of Hacking<br />\n(ii) CONSEQUENTIAL LOSS: directly or indirectly caused by arising from [programming or operator error] Virus or Similar Mechanism of Hacking</p>\n', '', 51, '', '2017-04-06 18:31:48', '2020-09-02 10:50:10', 71, 228),
(545, '1', 'FLLCOV', 'FIRE LEGAL LIABILITY COVERAGE', '<p>It is agreed that this Policy extends to indemnify all sums which the Insured become legally liable to pay as damage by fire to premises as specifically indicated, including landlord&#39;s fixture, fittings and furnishings, not being the Insured&#39;s own but occupied or in his physical or legal control. In the event that the insured is entitled to indemnify under any other policy of insurance, the indemnity granted herein will apply only in respect of an amount in excess of that provided by such other policy. Provided that the limit of indemnity shall apply inclusive of this clause.</p>\n', '', 52, '', '2017-04-06 18:34:05', '2019-07-25 10:22:58', 71, 194),
(546, '1', 'GRP PACCDT', 'GROUP PERSONAL ACCIDENT', '<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">PERSONAL ACCIDENT &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nTABLE OF BENEFITS - II (Permanent Disablement or Dismemberment) &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nDescription of Disablement &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Percentage of the Capital Sum &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nLoss of two limbs &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nLoss of both hands, or all fingers and both thumbs<br />\nLoss of both feet &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;100%&nbsp;<br />\nLoss of one hand and one foot &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of sight of both eyes &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nAny other injury causing permanent total disablement &nbsp;- 1 % per month up to 100 months&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of arm at or above elbow ............................ 70% &nbsp;<br />\nLoss of arm between elbow and wrist....................... 50% &nbsp;<br />\nLoss of hand.............................................. 50% &nbsp;<br />\nLoss of four fingers and thumb of one hand................ 50% &nbsp;<br />\nLoss of four fingers...................................... 35% &nbsp;<br />\nLoss of leg at or above knee.............................. 60% &nbsp;<br />\nLoss of leg below knee.................................... 50% &nbsp;<br />\nLoss of one foot.......................................... 50% &nbsp;<br />\nLoss of toes - all of one foot............................ 25% &nbsp;<br />\nLoss of thumb............................................. 15%&nbsp;<br />\nLoss of index finger...................................... 10% &nbsp;<br />\nLoss of sight of one eye.................................. 50% &nbsp;<br />\nLoss of speech............................................ 50% &nbsp;<br />\nLoss of hearing - both ears............................... 50% &nbsp;<br />\n&nbsp; one ear........................................... 25% &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">DEFINITIONS<br />\n1. Permanent total loss of the use of a member shall be considered and treated as loss of such member.<br />\n2. The loss of the first joint of the thumb or index finger shall be considered as equal to the loss of one-half of the thumb or index finger and the benefits shall be one-half of the benefits specified for the loss of the thumb or index finger.<br />\n3. The loss of more than one phalange of the thumb or index finger shall be treated as loss of the entire thumb or index finger.<br />\n4. Loss of sight shall mean the complete and irrecoverable loss of sight.<br />\n5. Loss of speech shall mean the complete and irrecoverable loss of speech.<br />\n6. Loss of hearing shall mean the complete and irrecoverable loss of hearing.<br />\n7. Permanent Total Disablement shall mean that the Insured is totally and permanently disabled and prevented by reason of bodily injury which does not result in any of the specific losses enumerated above, from engaging in each and every occupation or employment for compensation or profit for which he is reasonably qualified by reason of his education, training or experience, provided such disability has continued for a period of twelve consecutive months and is diagnosed total, continuous and permanent at the end of this period. &nbsp;Payment of the benefits starts on the thirteenth (13th) Month.<br />\n8. Temporary total disablement shall mean disablement by reason solely of the injury necessarily immediately and continuously resulting in incapacity from attending to each and every duty pertaining to the Insured?s occupation.<br />\n9. Temporary partial disablement shall mean incapacity by reason of the injury from attending to some material duty pertaining to the Insured?s occupation.<br />\n10.Medical or Surgical Treatment shall mean that the Company will reimburse the actual expense incurred but not to exceed the aggregate amount payable stated in the Schedule as a result of any one accident, when by reason of injury, the insured shall require treatment by a legally qualified physician or surgeon, confinement in a hospital or the employment of a licensed or graduate nurse.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">PROVISIONS<br />\n1. Compensation under Section C.1 and C.2 in respect of any one injury shall not be payable for more than 52 weeks from the commencement of the disablement.<br />\n2. Any sum short of 100% which may be paid under table of Benefits II (Permanent Disablement or Dismemberment) shall be accounted in diminution of the Capital Sum Insured, so that in the case of supervening death directly and necessarily resulting from one and the same bodily injury, the total amount payable by the Company for all Claims under table of benefits I and II as a result of any one accident shall not exceed the amount payable in case of death under Section A of Table of Benefits I.<br />\n3. No. Indemnity will be paid under, any circumstance for more than one of the losses specified in Table of Benefits II, &nbsp;(Permanent Disablement or Disablement). &nbsp;In case of occurrence of losses indemnifiable under Table of Benefits II, the Company shall pay only the indemnity corresponding to the greatest loss.<br />\n&nbsp;<br />\nSPECIAL BONUS<br />\nAn increase of five (5) per centum in the original Capital Sum Benefits for each year of the renewal up to five (5) consecutive years will be allowed the Insured but in no case shall the total bonus exceed twenty five (25) per centum of the original Capital Sum benefits. Such special bonus will be extended to the Insured only of the first P100, 000.00 Capital Sum benefit regardless of the number of policies the Insured may have with the company.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">EXCLUSIONS<br />\nThe insurance with respect to the above hazards shall not apply to:<br />\na) loss caused directly or indirectly, wholly or partly by:<br />\n(1) bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound); or infections caused by parasites;<br />\n(2) Medical or surgical treatment. &nbsp;(except such as may be necessary solely by reason of injuries covered by this policy and performed within the time provided in the policy):<br />\n(3) miscarriage or pregnancy;</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">b) Suicide or any attempt thereat (sane or Insane);<br />\nc) Murder or assault or any attempt thereat;<br />\nd) Loss occasioned by war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), mutiny, strikes, riots, civil commotion, civil war, rebellion, revolution, insurrection, conspiracy, military or usurped &nbsp;power, martial law, or state of siege, seizure, quarantine, or customs regulations or nationalization by or under the order of any government or public or local authority. &nbsp;This exclusion shall not be affected by any endorsement which does not specifically refer to it, in whole or in part. &nbsp;The application of the exclusion referring to material law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege is hereby waived for any territorial jurisdiction of the Republic of the Philippines.<br />\ne) Nuclear radiation or radioactive contamination;<br />\nf) Injury sustained while participating in professional athletics or any organized and scheduled amateur physical contact sport;<br />\ng) Injury sustained while engaging in mountaineering requiring the use of ropes or guides, skin diving employing the use of compressed air cylinders, racing on wheels or horseback, skydiving from a device for serial navigation, hang gliding;<br />\nh) Cave-in of mines.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">COVERAGE AS RESPECTS FLYING<br />\nThe coverage of this policy as respects flying is limited to loss occurring while the insured is riding solely as a passenger, not as an operator or crew member, in boarding or alighting from: &nbsp;(a) a certificated passenger aircraft provided by a commercial airline on any regular, scheduled or non-scheduled special or chartered flight, and operated by a properly certificated pilot flying between duly established and maintained airports, or &nbsp; any transport type aircraft operated by the Military Air Transport Service (MATS) of the United States of America or by the similar air transport service of any duly constituted governmental authority of the recognized government of any nation anywhere in the world.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">CONDITIONS<br />\n(as may apply to the coverage&#39;s&#39; of this policy)<br />\n1. This policy includes the endorsements and attached papers, if any, and contains the entire contract of insurance. &nbsp;None of the provisions, conditions, and terms of this policy shall be waived or altered except by endorsement, signed or initialed by an authorized official of the Company and issued in accordance with the provisions of Section 50 of the Insurance Code.<br />\n2. The policy is conditional upon the questions contained in the application form forming the basis of the Insurance having been truly answered and if an untrue answer shall have been given to any of such questions or if any material fact touching the health habits or occupation of the Policyholder has been or shall upon any renewal of the policy be suppressed or concealed from the knowledge of the Company, or any misrepresentation or suppression be made upon giving any notice of accident or upon or in connection with any claim hereunder, the policy will be void.<br />\n3. If default be made in the payment of the agreed premium for this policy, the subsequent acceptance of a premium by the Company or by any of its duly authorized agents shall reinstate the policy, but only to cover loss resulting from accidental injury sustained subsequent to the acceptance date.<br />\n4. Written notice of injury on which claim may be based must be given to the Company within thirty days after the date of the accident causing such injury. &nbsp;In event of accidental death immediate notice thereof must be given to the Company. &nbsp;&nbsp;<br />\n5. Such notice given by or in behalf of the Insured or beneficiary as the case may be, to the Company, at the city of Manila or to any authorized agent of the Company, with particulars sufficient to identify the insured shall be deemed to be notice to the Company. &nbsp;Failure to give notice within the time provided in this policy shall not invalidate any claim if it shall be shown not to have been reasonably possible to give such notice and that notice was given as soon as was reasonably possible.<br />\n6. The Company, upon receipt of such notice, will furnish to the claimant such forms as are usually furnished by it for filing proofs of loss. &nbsp;If such form are not so furnished within thirty days after receipt 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, character and extent of the loss for which claim is made.<br />\n7. Affirmative proof of loss must be furnished to the Company at its said office in case of claim for loss of time from disability within ninety days after the termination of the period for which the Company is liable and in case of claim for any other loss, within one hundred eighty days after the date of such loss.<br />\n8. The company shall have the right and opportunity to examine the person of an Insured when and as often as it may reasonably require during the pendency of claim hereunder, and the right and opportunity to make an autopsy in case of death where it is not forbidden by law.<br />\n9. All indemnities provided in this policy for loss other than that of time on account of disability will be paid immediately after receipt of due proof.<br />\n10.Indemnity for loss or life of the Insured is payable to the beneficiary, if surviving the Insured, and otherwise to the estate of the Insured. &nbsp;All other indemnities of this policy are payable to the Insured.<br />\n11.Upon request of the Insured and subject to due proof of loss, all accrued indemnity for loss of time on account of disability will be paid at the expiration of each four weeks during the continuance of the period for which the Company is liable, and any balance remaining unpaid at the termination of such period will be paid immediately upon receipt of due proof.<br />\n12.If the insured be injured after having changed his occupation to one classified by the Company as more hazardous than that stated in this policy or while doing for compensation anything pertaining to an occupation so classified, the Company 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 Company for such more hazardous occupation.<br />\nIf the insured changes his occupation to one classified by the Company as less hazardous than that stated in this policy, the Company, 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 condition, the classification of occupational risk and the premium shall be such as have been last promulgated by the Company prior to the occurrence of the loss for which the Company is liable or prior to date of proof of change in occupation.<br />\n13.No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty days after proof of loss has been filed in accordance with the requirements of this policy, nor shall such action be brought either in the Insurance Commission or any Court of competent jurisdiction after two years from the expiration of the time within which proof of loss is required by the policy.<br />\n14.This policy may not be cancelled by the Company except upon prior notice thereof to the Insured, and no notice of cancellation shall be effective unless it is based on the occurrence after the effective date of the policy, of one or more of the following:<br />\n15.&nbsp;<br />\na) non-payment of premium;<br />\nb) conviction of a crime arising out of acts increasing the hazard Insured against:<br />\nc) discovery of fraud or material misrepresentation;<br />\nd) discovery of willful or reckless acts or omissions increasing the hazard insured against;<br />\ne) a determination by the Commission that the continuation of the policy would violate or would place &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; the insurer in violation of this Code.<br />\nAll notices of cancellation shall be in writing, mailed or delivered to the insured at the address shown in the policy, and shall state (a) which of the grounds set forth is relied upon and &nbsp; that, upon written request of the name insured, the insurer will furnish the facts on which the cancellation is based.<br />\nIf the insured cancels, earned premiums shall be computed in accordance with the applicable percentage indicated below, but in no event less than the Company?s customary minimum premium:</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">Percent of Annual Premium<br />\n&nbsp; &nbsp;2 months (minimum) ....... 40%<br />\n&nbsp; &nbsp;3 months.................. 50%<br />\n&nbsp; &nbsp;4 months.................. 60%<br />\n&nbsp; &nbsp;5 months.................. 70%<br />\n&nbsp; &nbsp;6 months.................. 75%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Over 6 months...........100%</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">16. No assignment of interest under this policy shall be binding upon the Company unless and until the original or duplicate thereof is filed at a branch or the home office of the Company. &nbsp;The Company does not assume any responsibility for the validity of any assignment. &nbsp;No change of beneficiary under this policy shall bind the Company unless consent thereto is formally endorsed hereon by the authorized agent of the Company. &nbsp;No provision of charter, constitution or by-laws of the Company shall be used in defense of any claim arising under this policy unless such provision is incorporated in full in this policy.<br />\n17. This policy may be renewed with the consent of the Company from term to term, by payment of the premium in advance at the Company?s premium rate in force at time of renewals. &nbsp;The insured is, however, entitled to renew the policy, upon payment of the premium due on the effective date of the renewal if the Company fails to mail or deliver to the Insured at the address shown in the policy at least forty-five (45) days in advance of the end of the policy or to condition its renewal upon reduction of limits or elimination of coverage?s.<br />\n&nbsp;<br />\nCIVIL CODE ARTICLE 1250 WAIVER CLAUSE</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 Civil Code of the Philippines (Republic Act No. 386) which reads:<br />\n&nbsp;<br />\nIn case an extraordinary inflation of the currency stipulated should supervene, the value of the currency at the time of establishment of the obligation shall be the basis of payment.?<br />\nShall not apply in determining the extent of liability under the provisions of this policy.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">All Applicable provision of Presidential Decree No. 612, otherwise known as the Insurance Code. Are deemed to have been incorporated in this policy, certificate or contract of Insurance and will supersede any agreement/condition inconsistent therewith.&nbsp;</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">RECEIPT OF PAYMENT CLAUSE<br />\nIT IS HEREBY DECLARED AND AGREED that notwithstanding anything to the contrary contained in this policy this insurance will be deemed as valid and binding upon the Company only when the premium therefore have actually been paid in full and duly acknowledged in a receipt signed by authorized official/representative of the company.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">TERMINATION CLAUSE</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">This contract shall terminate only in the event of accidental death as provided herein or upon expiry.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the aggregate benefits payable under this contract in respect of any one accident resulting in loss(es)within 180 days from date of accident &nbsp;shall not exceed the principal sum (e.g) loss of life, loss of both hands or feet, loss of sight of both eyes and either hand or foot.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the aggregate benefits payable under the Dismemberment/Disability Benefit of this contract in respect of one or more accident &nbsp; &nbsp;resulting in loss (es) within 180 days from date of accident &nbsp; shall not exceed the principal sum. (i.e. for subsequent accident resulting in any loss (es) which would make the aggregate benefits exceed the principal sum, the amount &nbsp; payable under the Dismemberment/Disability Benefit shall be the principal sum less the amount &nbsp;paid for such loss (es) shall not terminate the contract in so far as accidental death benefit is concerned.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the amount of benefit for loss of life, arising from independent/unrelated accident/event shall always be &nbsp;the principal sum.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">IMPORTANT NOTICE CLAUSE</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">The Insurance Commissioner, with offices in Manila, Cebu and Davao, is the government official in charge of the faithful execution and enforcement of all laws relating to insurance and has supervision over insurance companies. &nbsp;He is ready at all times to render assistance in settling any controversy between an Insurance Company and a policyholder relating to insurance matters.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</span></span></p>\n', '', 53, '', '2017-04-06 18:52:32', '2018-09-03 10:12:36', 71, 245),
(547, '1', 'SRLIAB', 'SERVICE RISK LIABILITY', '<p>IT IS HEREBY DECLARED AND AGREED THAT NOTWITHSTANDING EXCLUSION IN THE POLICY, ACCIDENT CAUSED DIRECTLY BY OR TRACEABLE TO SERVICE IS DEEMED COVERED UNDER THIS POLICY.<br />\n<br />\nPROVIDED ALWAYS THAT THIS POLICY IS ISSUED ON THE EXPRESS CONDITION THAT THE COMPANY SHALL NOT BE LIABLE THEREUNDER UNLESS THE INSURED SHALL AT ALL TIMES TAKE EVERY POSSIBLE PRECAUTION TO THEIR SERVICES BY FOLLOWING THE PRESCRIBED RULES AND REGULATIONS.</p>\n', '', 55, '', '2017-04-06 18:54:47', '2018-01-19 09:35:28', 71, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(548, '1,19', 'P ACCDNT', 'PERSONAL ACCIDENT', '<p>TABLE OF BENEFITS - I</p>\n\n<p>Section &nbsp;&nbsp;<br />\nA. Death &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; - The Capital Sum Insured<br />\nB. Permanent Disablement or Dismemberment &nbsp; &nbsp;- Percentages of the Capital Sum Insured specified in Table of Benefits II.<br />\nC. 1 Temporary Total&nbsp;<br />\n&nbsp; &nbsp; &nbsp;Disablement &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; - The Weekly Indemnity if a specific premium charge is indicated above.<br />\nC. 2 Temporary Partial &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; - Disablement One-third of the Weekly Indemnity, if a specific premium charge is indicated above.<br />\nD. Medical or Surgical &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; - Treatment &nbsp;- If a specific premium charge is indicated above actual expense incurred for such treatment but not exceeding the amount, if any, stated above as Medical Reimbursement.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nThe Provisions and Conditions printed and written by the Company on the succeeding pages hereof form part of this contract as fully as if stated over the signature hereto affixed.</p>\n\n<p>IN WITNESS WHEREOF, A duly authorized officer of the Company has set his hand hereunto in Manila, Philippines, this ____&nbsp;day of&nbsp; _____. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nTABLE OF BENEFITS - II (Permanent Disablement or Dismemberment) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nDescription of Disablement &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Percentage of the Capital Sum &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nLoss of two limbs &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;100% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of both hands, or all fingers and both thumbs &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 100%<br />\nLoss of both feet &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;100% &nbsp; &nbsp;<br />\nLoss of one hand and one foot &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;100% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of sight of both eyes &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 100% &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nAny other injury causing permanent total disablement - 1 % per month up to 100 months &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nLoss of arm at or above elbow----------------------------- &nbsp; &nbsp;70% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of arm between elbow and wrist ---------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of hand --------------------------------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of four fingers and thumb of one hand --------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of four fingers ------------------------------------- &nbsp; &nbsp;35% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of leg at or above knee ----------------------------- &nbsp; &nbsp;60% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of leg below knee ----------------------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of one foot ----------------------------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of toes - all of one foot --------------------------- &nbsp; &nbsp;25% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of thumb -------------------------------------------- &nbsp; &nbsp;15% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of index finger. ------------------------------------ &nbsp; &nbsp;10% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of sight of one eye --------------------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of speech ------------------------------------------- &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\nLoss of hearing - both ears ------------------------------ &nbsp; &nbsp;50% &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp;one ear --------------------------------------------- &nbsp; &nbsp;25% &nbsp;</p>\n\n<p>&nbsp;&nbsp;&nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />\nDEFINITIONS<br />\n1.&nbsp;&nbsp; &nbsp;Permanent total loss of the use of a member shall be considered and treated as loss of such member.<br />\n2.&nbsp;&nbsp; &nbsp;The loss of the first joint of the thumb or index finger shall be considered as equal to the loss of one-half of the thumb or index finger and the benefits shall be one-half of the benefits specified for the loss of the thumb or index finger.<br />\n3.&nbsp;&nbsp; &nbsp;The loss of more than one phalange of the thumb or index finger shall be treated as loss of the entire thumb or index finger.<br />\n4.&nbsp;&nbsp; &nbsp;Loss of sight shall mean the complete and irrecoverable loss of sight.<br />\n5.&nbsp;&nbsp; &nbsp;Loss of speech shall mean the complete and irrecoverable loss of speech.<br />\n6.&nbsp;&nbsp; &nbsp;Loss of hearing shall mean the complete and irrecoverable loss of hearing.<br />\n7.&nbsp;&nbsp; &nbsp;Permanent Total Disablement shall mean that the Insured is totally and permanently disabled and prevented by reason of bodily injury which does not result in any of the specific losses enumerated above, from engaging in each and every occupation or employment for compensation or profit for which he is reasonably qualified by reason of his education, training or experience, provided such disability has continued for a period of twelve consecutive months and is diagnosed total, continuous and permanent at the end of this period. &nbsp;Payment of the benefits starts on the thirteenth (13th) Month.</p>\n\n<p>8.&nbsp;&nbsp; &nbsp;Temporary total disablement shall mean disablement by reason solely of the injury necessarily immediately and continuously resulting in incapacity from attending to each and every duty pertaining to the Insured?s occupation.<br />\n9.&nbsp;&nbsp; &nbsp;Temporary partial disablement shall mean incapacity by reason of the injury from attending to some material duty pertaining to the Insured?s occupation.<br />\n10.&nbsp;&nbsp; &nbsp;Medical or Surgical Treatment shall mean that the Company will reimburse the actual expense incurred but not to exceed the aggregate amount payable stated in the Schedule as a result of any one accident, when by reason of injury, the insured shall require treatment by a legally qualified physician or surgeon, confinement in a hospital or the employment of a licensed or graduate nurse.</p>\n\n<p>PROVISIONS<br />\n1.&nbsp;&nbsp; &nbsp;Compensation under Section C.1 and C.2 in respect of any one injury shall not be payable for more than 52 weeks from the commencement of the disablement.<br />\n2.&nbsp;&nbsp; &nbsp;Any sum short of 100% which may be paid under table of Benefits II (Permanent Disablement or Dismemberment) shall be accounted in diminution of the Capital Sum Insured, so that in the case of supervening death directly and necessarily resulting from one and the same bodily injury, the total amount payable by the Company for all Claims under table of benefits I and II as a result of any one accident shall not exceed the amount payable in case of death under Section A of Table of Benefits I.<br />\n3.&nbsp;&nbsp; &nbsp;No. Indemnity will be paid under, any circumstance for more than one of the losses specified in Table of Benefits II, &nbsp;(Permanent Disablement or Disablement). &nbsp;In case of occurrence of losses indemnifiable under Table of Benefits II, the Company shall pay only the indemnity corresponding to the greatest loss.<br />\n4.&nbsp;&nbsp; &nbsp;<br />\nSPECIAL BONUS<br />\nAn increase of five (5) per centum in the original Capital Sum Benefits for each year of the renewal up to five (5) consecutive years will be allowed the Insured but in no case shall the total bonus exceed twenty five (25) per centum of the original Capital Sum benefits. Such special bonus will be extended to the Insured only of the first P100, 000.00 Capital Sum benefit regardless of the number of policies the Insured may have with the company.</p>\n\n<p>EXCLUSIONS<br />\nThe insurance with respect to the above hazards shall not apply to:<br />\na)&nbsp;&nbsp; &nbsp;loss caused directly or indirectly, wholly or partly by:<br />\n(1)&nbsp;&nbsp; &nbsp;bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound); or infections caused by parasites;<br />\n(2)&nbsp;&nbsp; &nbsp;Medical or surgical treatment. &nbsp;(except such as may be necessary solely by reason of injuries covered by this policy and performed within the time provided in the policy):<br />\n(3)&nbsp;&nbsp; &nbsp;miscarriage or pregnancy;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;Suicide or any attempt thereat (sane or Insane);<br />\nc)&nbsp;&nbsp; &nbsp;Murder or assault or any attempt thereat;<br />\nd)&nbsp;&nbsp; &nbsp;Loss occasioned by war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), mutiny, strikes, riots, civil commotion, civil war, rebellion, revolution, insurrection, conspiracy, military or usurped &nbsp;power, martial law, or state of siege, seizure, quarantine, or customs regulations or nationalization by or under the order of any government or public or local authority. &nbsp;This exclusion shall not be affected by any endorsement which does not specifically refer to it, in whole or in part. &nbsp;The application of the exclusion referring to material law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege is hereby waived for any territorial jurisdiction of the Republic of the Philippines.<br />\ne)&nbsp;&nbsp; &nbsp;Nuclear radiation or radioactive contamination;<br />\nf)&nbsp;&nbsp; &nbsp;Injury sustained while participating in professional athletics or any organized and scheduled amateur physical contact sport;<br />\ng)&nbsp;&nbsp; &nbsp;Injury sustained while engaging in mountaineering requiring the use of ropes or guides, skin diving employing the use of compressed air cylinders, racing on wheels or horseback, skydiving from a device for serial navigation, hang gliding;<br />\nh)&nbsp;&nbsp; &nbsp;Cave-in of mines.</p>\n\n<p>COVERAGE AS RESPECTS FLYING<br />\n&nbsp;&nbsp; &nbsp;The coverage of this policy as respects flying is limited to loss occurring while the insured is riding solely as a passenger, not as an operator or crew member, in boarding or alighting from: &nbsp;(a) a certificated passenger aircraft provided by a commercial airline on any regular, scheduled or non-scheduled special or chartered flight, and operated by a properly certificated pilot flying between duly established and maintained airports, or (b) any transport type aircraft operated by the Military Air Transport Service (MATS) of the United States of America or by the similar air transport service of any duly constituted governmental authority of the recognized government of any nation anywhere in the world.</p>\n\n<p>CONDITIONS<br />\n(as may apply to the coverage?s of this policy)<br />\n1.&nbsp;&nbsp; &nbsp;This policy includes the endorsements and attached papers, if any, and contains the entire contract of insurance. &nbsp;None of the provisions, conditions, and terms of this policy shall be waived or altered except by endorsement, signed or initialed by an authorized official of the Company and issued in accordance with the provisions of Section 50 of the Insurance Code.<br />\n2.&nbsp;&nbsp; &nbsp;The policy is conditional upon the questions contained in the application form forming the basis of the Insurance having been truly answered and if an untrue answer shall have been given to any of such questions or if any material fact touching the health habits or occupation of the Policyholder has been or shall upon any renewal of the policy be suppressed or concealed from the knowledge of the Company, or any misrepresentation or suppression be made upon giving any notice of accident or upon or in connection with any claim hereunder, the policy will be void.<br />\n3.&nbsp;&nbsp; &nbsp;If default be made in the payment of the agreed premium for this policy, the subsequent acceptance of a premium by the Company or by any of its duly authorized agents shall reinstate the policy, but only to cover loss resulting from accidental injury sustained subsequent to the acceptance date.<br />\n4.&nbsp;&nbsp; &nbsp;Written notice of injury on which claim may be based must be given to the Company within thirty days after the date of the accident causing such injury. &nbsp;In event of accidental death immediate notice thereof must be given to the Company. &nbsp;&nbsp;<br />\n5.&nbsp;&nbsp; &nbsp; Such notice given by or in behalf of the Insured or beneficiary as the case may be, to the Company, at the city of Manila or to any authorized agent of the Company, with particulars sufficient to identify the insured shall be deemed to be notice to the Company. &nbsp;Failure to give notice within the time provided in this policy shall not invalidate any claim if it shall be shown not to have been reasonably possible to give such notice and that notice was given as soon as was reasonably possible.<br />\n6.&nbsp;&nbsp; &nbsp;The Company, upon receipt of such notice, will furnish to the claimant such forms as are usually furnished by it for filing proofs of loss. &nbsp;If such form are not so furnished within thirty days after receipt 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, character and extent of the loss for which claim is made.<br />\n7.&nbsp;&nbsp; &nbsp;Affirmative proof of loss must be furnished to the Company at its said office in case of claim for loss of time from disability within ninety days after the termination of the period for which the Company is liable and in case of claim for any other loss, within one hundred eighty days after the date of such loss.<br />\n8.&nbsp;&nbsp; &nbsp;The company shall have the right and opportunity to examine the person of an Insured when and as often as it may reasonably require during the pendency of claim hereunder, and the right and opportunity to make an autopsy in case of death where it is not forbidden by law.<br />\n9.&nbsp;&nbsp; &nbsp;All indemnities provided in this policy for loss other than that of time on account of disability will be paid immediately after receipt of due proof.<br />\n10.&nbsp;&nbsp; &nbsp;Indemnity for loss or life of the Insured is payable to the beneficiary, if surviving the Insured, and otherwise to the estate of the Insured. &nbsp;All other indemnities of this policy are payable to the Insured.<br />\n11.&nbsp;&nbsp; &nbsp;Upon request of the Insured and subject to due proof of loss, all accrued indemnity for loss of time on account of disability will be paid at the expiration of each four weeks during the continuance of the period for which the Company is liable, and any balance remaining unpaid at the termination of such period will be paid immediately upon receipt of due proof.<br />\n12.&nbsp;&nbsp; &nbsp;If the insured be injured after having changed his occupation to one classified by the Company as more hazardous than that stated in this policy or while doing for compensation anything pertaining to an occupation so classified, the Company 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 Company for such more hazardous occupation.</p>\n\n<p>If the insured changes his occupation to one classified by the Company as less hazardous than that stated in this policy, the Company, 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.<br />\n&nbsp;&nbsp; &nbsp;In applying this condition, the classification of occupational risk and the premium shall be such as have been last promulgated by the Company prior to the occurrence of the loss for which the Company is liable or prior to date of proof of change in occupation.</p>\n\n<p>13.&nbsp;&nbsp; &nbsp;No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty days after proof of loss has been filed in accordance with the requirements of this policy, nor shall such action be brought either in the Insurance Commission or any Court of competent jurisdiction after two years from the expiration of the time within which proof of loss is required by the policy.<br />\n14.&nbsp;&nbsp; &nbsp;This policy may not be cancelled by the Company except upon prior notice thereof to the Insured, and no notice of cancellation shall be effective unless it is based on the occurrence after the effective date of the policy, of one or more of the following:<br />\n15.&nbsp;&nbsp; &nbsp;<br />\na)&nbsp;&nbsp; &nbsp;non-payment of premium;<br />\nb)&nbsp;&nbsp; &nbsp;conviction of a crime arising out of acts increasing the hazard Insured against:<br />\nc)&nbsp;&nbsp; &nbsp;discovery of fraud or material misrepresentation;<br />\nd)&nbsp;&nbsp; &nbsp;discovery of willful or reckless acts or omissions increasing the hazard insured against;<br />\ne)&nbsp;&nbsp; &nbsp;a determination by the Commission that the continuation of the policy would violate or would place the insurer in violation of this Code.<br />\nAll notices of cancellation shall be in writing, mailed or delivered to the insured at the address shown in the policy, and shall state (a) which of the grounds set forth is relied upon and (b) that, upon written request of the name insured, the insurer will furnish the facts on which the cancellation is based.<br />\n&nbsp;&nbsp; &nbsp;If the insured cancels, earned premiums shall be computed in accordance with the applicable percentage indicated below, but in no event less than the Company&#39;s customary minimum premium:</p>\n\n<p>Percent of Annual Premium<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;2 months (minimum) --------- 40%<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;3 months ------------------- 50%<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;4 months &nbsp;------------------ 60%<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;5 months ------------------- 70%<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;6 months ------------------- 75%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Over 6 months --------------100%</p>\n\n<p>16.&nbsp;&nbsp; &nbsp;No assignment of interest under this policy shall be binding upon the Company unless and until the original or duplicate thereof is filed at a branch or the home office of the Company. &nbsp;The Company does not assume any responsibility for the validity of any assignment. &nbsp;No change of beneficiary under this policy shall bind the Company unless consent thereto is formally endorsed hereon by the authorized agent of the Company. &nbsp;No provision of charter, constitution or by-laws of the Company shall be used in defense of any claim arising under this policy unless such provision is incorporated in full in this policy.<br />\n17.&nbsp;&nbsp; &nbsp;This policy may be renewed with the consent of the Company from term to term, by payment of the premium in advance at the Company?s premium rate in force at time of renewals. &nbsp;The insured is, however, entitled to renew the policy, upon payment of the premium due on the effective date of the renewal if the Company fails to mail or deliver to the Insured at the address shown in the policy at least forty-five (45) days in advance of the end of the policy or to condition its renewal upon reduction of limits or elimination of coverage?s.<br />\n&nbsp;&nbsp; &nbsp;<br />\nCIVIL CODE ARTICLE 1250 WAIVER CLAUSE</p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 Civil Code of the Philippines (Republic Act No. 386) which reads:<br />\n&nbsp;&nbsp; &nbsp;<br />\nIn case an extraordinary inflation of the currency stipulated should supervene, the value of the currency at the time of establishment of the obligation shall be the basis of payment.?</p>\n\n<p>&nbsp;&nbsp; &nbsp;Shall not apply in determining the extent of liability under the provisions of this policy.</p>\n\n<p>All Applicable provision of Presidential Decree No. 612, otherwise known as the Insurance Code. Are deemed to have been incorporated in this policy, certificate or contract of Insurance and will supersede any agreement/condition inconsistent therewith.&nbsp;</p>\n\n<p>RECEIPT OF PAYMENT CLAUSE<br />\n&nbsp;&nbsp; &nbsp;IT IS HEREBY DECLARED AND AGREED that notwithstanding anything to the contrary contained in this policy this insurance will be deemed as valid and binding upon the Company only when the premium therefore have actually been paid in full and duly acknowledged in a receipt signed by authorized official/representative of the company.</p>\n\n<p>TERMINATION CLAUSE</p>\n\n<p>&nbsp;&nbsp; &nbsp;This contract shall terminate only in the event of accidental death as provided herein or upon expiry.</p>\n\n<p>&nbsp;&nbsp; &nbsp;In any policy year, the aggregate benefits payable under this contract in respect of any one accident resulting in loss(es)within 180 days from date of accident(s) shall not exceed the principal sum (e.g) loss of life, loss of both hands or feet, loss of sight of both eyes and either hand or foot.</p>\n\n<p>&nbsp;&nbsp; &nbsp;In any policy year, the aggregate benefits payable under the Dismemberment/Disability Benefit of this contract in respect of one or more accident (s) &nbsp;resulting in loss (es) within 180 days from date of accident (s) shall not exceed the principal sum. (i.e. for subsequent accident resulting in any loss (es) which would make the aggregate benefits exceed the principal sum, the amount (s) payable under the Dismemberment/Disability Benefit shall be the principal sum less the amount(s) paid for such loss (es) shall not terminate the contract in so far as accidental death benefit is concerned.</p>\n\n<p>&nbsp;&nbsp; &nbsp;In any policy year, the amount of benefit for loss of life, arising from independent/unrelated accident/event shall always be the principal sum.</p>\n\n<p>IMPORTANT NOTICE CLAUSE<br />\n&nbsp;&nbsp; &nbsp;The Insurance Commissioner, with offices in Manila, Cebu and Davao, is the government official in charge of the faithful execution and enforcement of all laws relating to insurance and has supervision over insurance companies. &nbsp;He is ready at all times to render assistance in settling any controversy between an Insurance Company and a policyholder relating to insurance matters.</p>\n\n<p>&nbsp;&nbsp; &nbsp;For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</p>\n\n<p>&nbsp;&nbsp; &nbsp;IT IS FURTHER DECLARED AND AGREED THAT THERE SHALL BE NO RECOVERY UNDER THIS POLICY IF MURDER AND ASSAULT OR ANY ATTEMPT THETREAT SHALL OCCUR IN ANY OF THE FOLLOWING PLACES:</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;LANAO DEL NORTE<br />\n2.&nbsp;&nbsp; &nbsp;LANAO DEL SUR<br />\n3.&nbsp;&nbsp; &nbsp;SOUTH COTABATO<br />\n4.&nbsp;&nbsp; &nbsp;NORTH COTABATO<br />\n5.&nbsp;&nbsp; &nbsp;ZAMBOANGA DEL NORTE<br />\n6.&nbsp;&nbsp; &nbsp;ZAMBOANGA DEL SUR<br />\n7.&nbsp;&nbsp; &nbsp;SULU ARCHIPELAGO<br />\n8.&nbsp;&nbsp; &nbsp;MAGUINDANAO<br />\n9.&nbsp;&nbsp; &nbsp;SULTAN KUDARAT<br />\n10.&nbsp;&nbsp; &nbsp;BASILAN<br />\n11.&nbsp;&nbsp; &nbsp;JOLO</p>\n\n<p>&nbsp;</p>\n', '', 56, '', '2017-04-06 22:46:44', '2019-12-05 15:47:25', 71, 194),
(549, '1', 'MISDESC CLAUSE', 'MISDESCRIPTION CLAUSE', '<p>The insurance shall not be prejudiced by any alteration or misdescription of occupancy. Notice to be given to insurers immediately the Insured become aware by each item under building is understood to include walls, gates, and fences, small outside buildings, extension, annexes, exterior staircases, fuel installation, steel or iron frame works and tanks in the said premises and the insurance by each item under contents to include the contents of each outbuilding.</p>\n', '', 57, '', '2017-04-06 22:47:59', '2017-04-06 22:47:59', 71, 71),
(550, '1,18', 'EDRCLAUSE', 'ELECTRONIC DATE RECOGNITION CLAUSE', '<p>ELECTRONIC DATE RECOGNITION CLAUSE</p>\n\n<p>The policy does not provided cover in respect of any: Loss or destruction of or Damage to property or any loss or expense resulting or arising from such damage or any other consequential losses sustaining by the Insured directly or indirectly caused by or contributed to or arising from: The failure or inability at any time of any computer, electronic equipment, data processing equipment or media, microchip, embedded chip, integrated circuit or similar device or any computer software, whether the property of the Insured or not, to : a) recognize correctly or treat any date as its true calendar date and/or b) capture save retain process manipulate or interpret correctly any data information command or instruction as a result of (i) its falling to treat any calendar date as its true date or (ii) the operation of any programmed command which by reason of a failure or inability to treat any date as its true calendar date causes the loss of data or inability to capture save retain or process correctly such data at any time.</p>\n', '', 57, '', '2017-04-06 22:50:19', '2019-05-14 09:25:54', 71, 194),
(551, '1', 'ACCCM', 'ADJUSTER CLAUSE - CRAWFORD,CHARTERED,MOTORLARENS', '<p>IT IS HEREBY DECLARED AND AGREED, that is case of claim the following adjuster companies CRAWFORD, CHARTERED, MCLARENS shall be appointed to control investigation, negotiation and reporting of claim under this Policy.&nbsp;</p>\n\n<p>IT IS FURTHER DECLARED AND AGREED, that the Company has the right to replace the appointed adjuster as it may deem necessary.&nbsp;</p>\n', '', 450, '', '2017-04-09 22:30:17', '2018-04-23 09:09:28', 169, 194),
(552, '1', 'ACL', 'ATTESTATION CLAUSE', '<p>THE COMPANY HEREBY AGREE with the insured (subject to the terms and conditions, endorsed or otherwise expressed hereon, which are to be taken as part of this policy), that if the Property above described, or any part thereof, shall be destroyed or damaged by Fire or Lightning, after payment of the premium by the insured to the Company, during the term of this policy as indicated in the schedule of before 4:00 PM of the last day of any subsequent period in respect &nbsp;of which the insured, or a successor in interest to whom the insurance is by an endorsement hereon declared to be or is otherwise continued, shall pay to the Company, and the Company shall accept the sum required for the renewal of the Policy, the Company will pay or make good all such Loss or Damage to an amount not exceeding during any one period of Insurance in respect of the several matters specified, therein the sum set opposite thereto respectively, and not exceeding in the whole the total of the therein mentioned sums insured in the Philippines&nbsp;&nbsp; &nbsp;currency. &nbsp;</p>\n\n<p>IT WITNESS WHEREOF, the Company has caused this Policy to be signed by its duly authorized representatives.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-09 22:32:49', '2017-04-09 22:32:49', 169, 169),
(553, '1', 'ADFSE', 'ADVISE,DESIGN,FORMULA AND SPECIFICATION EXCLUSION', '<p>The Company shall not be liable in respect of any claims arising out or advice, design, formula or specification.&nbsp;</p>\n', '', 450, '', '2017-04-09 22:33:53', '2017-04-09 22:33:53', 169, 169),
(554, '1', 'AIC', 'AUTOMATIC INCLUSION CLAUSE', '<p>It is hereby declared and agreed that the Insured is granted automatic cover for any additional new location(s) anywhere within the Republic of the Philippines, subject to the warranty that any additional and/or new location(s) utilized by the Insured shall be reported to the Company as promptly as possible and such additional and/or new location shall be incorporated under the policy and additional premium be paid accordingly.</p>\n', '', 450, '', '2017-04-09 22:36:30', '2017-04-09 22:36:30', 169, 169),
(558, '2', 'IRCEC', 'Institute Radioactive Contamination Exclusion Clause', '<p>INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIO-CHEMICAL &nbsp;AND&nbsp;<br />\nELECTROMAGNETIC WEAPONS &nbsp;EXCLUSION &nbsp;CLAUSE. 10/11/2003.</p>\n\n<p>This clause shall be paramount and shall override anything contaianed in this insurance inconsistent therewith</p>\n\n<p>1. &nbsp; &nbsp; &nbsp; &nbsp;In no case shall this insurance cover loss damage liability or expense directly or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; indirectly caused by or contributed to by or arising from</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.1 &nbsp;ionising radiation from or contamination by radioactivity from any nuclear fuel or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; from any nuclear waste or from the combustion of nuclear fuel.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.2 &nbsp;the radioactive, toxic, explosive or other hazardous or contaminating properties of<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; any nuclear installation, reactor or other nuclear assembly or nuclear component<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; thereof<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.3 &nbsp;any wapon or device employing atomic or nuclear fission and/or fusion or other like &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; reaction or radioactive force or matter&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.4 &nbsp;the radioactive, toxic, explosive or other hazardous or contaminating properties of&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; any radioactive matter. &nbsp;The exclusion in this sub-clause does not extend to&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; radioactive isotopes, other than nuclear fuel, when such isotopes, are being&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; prepared, carried, stored, or used for commercial agricultural, medical, scientific&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; or other similar peaceful purposes.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1.5 &nbsp;any chemical, biological, bio-chemical, or electromagnetic weapon.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ____________________________________</p>\n\n<p><br />\n&nbsp;</p>\n', '52,53,71,72,73,79,80,85', 450, '', '2017-04-09 23:16:55', '2017-05-18 15:39:56', 169, 71),
(561, '1', 'APP', 'APPLICABILITY', '<p>Terms and conditions shall be available to all BSP Provident Fund (PF) members for the insurance of their residential properties. &nbsp;Accredited insurers may not refuse coverage to any BSP PF members on the basis of the location of the property to be insured.&nbsp;</p>\n', '', 450, '', '2017-04-10 00:29:40', '2017-04-10 00:29:40', 169, 169),
(562, '1,2', 'ARC', 'AUTOMATIC REINSTATEMENT CLAUSE', '<p>It is a condition of this policy that in the event of loss, the limit of liability shall be reinstated to its former amount upon payment by the Insured of the corresponding additional premium computed from the date of loss up to the anniversary date of the policy.&nbsp;</p>\n', '', 450, '', '2017-04-10 00:30:41', '2018-05-22 09:44:47', 169, 215),
(564, '1,5', 'ASCC', 'AMENDMENT TO SETTLEMENT OF CLAIM CLAUSE', '<p>The amount of any loss or damage for which the company may be liable, under this policy, shall be paid within thirty (30) days after proof of loss is received by the company and ascertainment of the loss or damage is made either by agreement between the insured and the company or by arbitration, but if such ascertainment is not had or made within sixty (60) days after such receipt by the company of the proof of loss, then the loss or damage shall be paid within ninety (90) days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the assured to collect interest on the proceeds of the policy for the duration of the delay at the rate of SIX (6%) PERCENT PER ANNUM, unless such failure or refusal to pay is based on the grounds that the claim is fraudulent.&nbsp;</p>\n', '', 450, '', '2017-04-10 00:33:38', '2017-04-10 00:33:38', 169, 169),
(565, '1', 'ATCLA', 'ATTESTATION CLAUSE - ETON', '<p>IT IS HEREBY DECLARED UNDERSTOOD AND AGREED that the word &quot;underwriter&quot; and &nbsp;underwriters&#39;, as used in this Policy, shall be deemed to mean the insurers named below or insurers added by a memorandum signed by or on behalf of all insurers concerned. The liability of these insurers shall in no case exceed, in respect of each item, the total sum insured thereby, or such item sum or sums as may be substituted therefore by memorandum hereon or attached hereto signed by or on behalf of the Insurers, and that the liability of each of the Insurers individually in respect of loss shall be limited to the proportion stated against their name or such proportion as maybe substituted therefore by a memorandum hereon or attached signed by or on behalf of the Insurers.&nbsp;</p>\n\n<p>&nbsp; &nbsp; &nbsp;COMPANY &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; SIGNATURE</p>\n\n<p>Allied Bankers Insurance Corporation (50%) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ________________________<br />\nPOLICY NO. HO-FI-000000026516 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Ms. Rebecca B. dela Cruz &nbsp; &nbsp;<br />\nP1,195,000,000.00 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; President</p>\n\n<p><br />\nPNB General Insurers Co., Inc. (50%) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ________________________ &nbsp; &nbsp; &nbsp;<br />\nPOLICY NO. ____________________ &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Mr. Ricthie L. Dones<br />\nP1,195,000,000.00 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Assistant Vice President&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Head-Underwriting Div. 1 &nbsp;<br />\n&nbsp; &nbsp;&nbsp;</p>\n\n<p>Nothing contained herein shall be held to vary, alter, waive or change the terms, limits or conditions of the Policy, except as herein above set forth.</p>\n\n<p>&nbsp;<br />\n&nbsp;&nbsp; &nbsp;</p>\n\n<p>Nothing contained herein shall be held to vary, alter, waive or change the terms, limits or conditions of the Policy, except as herein above set forth.</p>\n', '', 450, '', '2017-04-10 00:34:29', '2017-07-04 17:11:27', 169, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(566, '1', 'BINTP', 'BUSINESS INTERRUPTION POLICY', '<p>Subject to all its provisions and stipulations, this Policy covers only against loss directly resulting from necessary interruption of business caused by destruction or damage by the perils insured against occurring during the term of this Policy.</p>\n\n<p>The insurance under Item No. 1 is limited to loss of Gross Profit due to (a) Reduction in Turnover and (b) increase in Cost of Working and the amount payable as Indemnity thereunder shall be:</p>\n\n<p>(a) in respect of Reduction in Turnover: The sum produced by applying the Rate of Gross Profit to the amount by which the Turnover during the Indemnity Period shall in consequence of the damage, fall short of the Standard Turnover.</p>\n\n<p>(b) in respect of increase in Cost of Working: The additional expenditure (subject to the provisions of the Uninsured Standing Charges Clause) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover which but for that expenditure would have taken place during the Indemnity Period in consequence of the damage, but not exceeding the sum produced by applying the Rate of Gross Profit to the amount of the reduction thereby avoided.</p>\n\n<p>less any sum saved during the Indemnity Period in respect of sum of the charges and expenses of the business payable out of Gross Profit as may cease or be reduced in consequence of the damage.</p>\n\n<p>provided that if the Sum Insured by this item be less than the sum produced by applying the rate of Gross Profit by the Annual Turnover (or to a proportionately Increased multiple thereof where the Maximum Indemnity Period exceeds twelve months) the amount payable shall be proportionately reduced.</p>\n\n<p>DEFINITIONS</p>\n\n<p>GROSS PROFIT - The amount by which the sum of the Turnover and the Closing Stock shall exceed the sum of the Opening Stock Work-in-Progress and the Specified Working Expenses.</p>\n\n<p>Note 1 &nbsp; &nbsp;The amount of the Opening and Closing Stocks shall be arrived at in accordance with the Insured&#39;s normal accountancy methods, due provisions being made for depreciation</p>\n\n<p>Note 2 &nbsp; &nbsp; The words and expressions used in this Definitions shall have the meaning usually attached to them in the books and accounts of the Insured unless otherwise defined in this specification</p>\n\n<p>SPECIFIED WORKING EXPENSES -</p>\n\n<p>1. &nbsp; &nbsp; All purchases (less discounts received);<br />\n2. &nbsp; &nbsp; Salaries and Wages of W2 Personnel;<br />\n3. &nbsp; &nbsp; Power and Water (except Power and Water for Selling, General and Administration);<br />\n4. &nbsp; &nbsp; Consumable stores;<br />\n5. &nbsp; &nbsp; Carriage;<br />\n6. &nbsp; &nbsp; Packing materials;<br />\n7. &nbsp; &nbsp; Discounts allowed;<br />\n8. &nbsp; &nbsp; Advertisements and Promotions (except corporation advertisement)</p>\n\n<p>TURNOVER - &nbsp;The money (less discount received) paid or payable to the Insured for goods sold and delivered and for services rendered in course of the business at the premises</p>\n\n<p>INDEMNITY PERIOD - The period beginning with occurrence of the damage and ending not later than the Maximum Indemnity Period thereafter during which the results of the business shall be affected in consequence of the damage.</p>\n\n<p>MAXIMUM INDEMNITY PERIOD - The period stated in the Schedule</p>\n\n<p>RATE OF GROSS PROFIT - The rate of Gross Profit earned on the Turnover during the financial year immediately before the date of the damage&nbsp;&nbsp; &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nANNUAL TURNOVER - The Turnover during the twelve months immediately before the date of the&nbsp;<br />\ndamage &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nSTANDARD TURNOVER - The Turnover during the period corresponding with the Indemnity Period &nbsp;in the twelve months immediately before the date of the damage appropriately adjusted where the Indemnity Period exceeds twelve months to which such adjustments shall be made as may be &nbsp; &nbsp; &nbsp; &nbsp;necessary to provide for the trend of the business and for the variations in or other circumstances affecting the business either before or after the damage of which would have affected the business had the damage not occurred, so that the figures thus adjusted shall represent as nearly as may be reasonably practicable the results which but for the damage would have been obtained during the relative period after the damage</p>\n\n<p>Alternative Trading Clause - If during the Indemnity Period goods shall be sold or services shall be rendered elsewhere than at the premises for the benefit of the business either by the Insured or by others on the Insured&#39;s behalf the money paid or payable in respect of such sales or services shall be brought into account in arriving at the Turnover during the Indemnity Period.</p>\n\n<p>Uninsured Standing Charges Clause - if any standing charges of the business be not insured by this Policy (having been deducted in arriving at the Gross Profit as defined herein) then in computing the amount recoverable hereunder as increase in Cost of Working, that proportion only of any additional expenditure shall be brought into account which the Gross Profit bears to the sum of the Gross Profit and the Uninsured Standing Charges</p>\n\n<p>Premium Adjustment Clause - In the event of the Gross Profit earned (or a proportionately increased multiple thereof when the Maximum Indemnity Period exceeds twelve months) during the accounting period of twelve months most nearly concurrent with any period of Insurance as certified by the Insured&#39;s Auditors, being less than the sum Insured thereon a pro-rate return of premium not exceeding 50% of the premium paid on such sum insured of such period of insurance will be made in respect of the difference. &nbsp;If any damage shall have occurred giving rise to a claim under this Policy, such return shall be made in respect only of so much of the said difference as is not due to such damage</p>\n\n<p>CONDITIONS</p>\n\n<p>1. &nbsp;If there be any material misdescription of the Business or Premises to which this Insurance refers or any misrepresentation as to any fact material to be known for estimating the risk, or any omission to state such fact, the Company shall not liable upon the Policy.</p>\n\n<p>2. The Insured shall give notice to the Company of any insurance or Insurances already affected, or which may subsequently be effected, covering any of the loss hereby insured against and unless such notice be given and the particulars of such insurance or insurance be stated in or endorsed in the Policy by or on behalf of the Company before the occurrence of any Damage, all benefit under this Policy shall be forfeited. &nbsp;</p>\n\n<p>3. Immediately upon any fall or displacement.</p>\n\n<p>a. &nbsp;of any building Damage to which might give rise to a claim under this Policy<br />\nb. &nbsp;of any part of such building<br />\nc. &nbsp; of the whole or any part of any range of buildings or of any structure of which such building forms part</p>\n\n<p>The insurance under this Policy shall cease in respect of loss resulting from Damage to such building or property therein provided that</p>\n\n<p>I) Such fall or displacement is of the whole or a substantial or important part of such building or impairs the usefulness of such building or any part thereof or leaves such building or any part thereof or any property contained therein subject to increased risk of Damage or is otherwise material.</p>\n\n<p>II) Such fall or displacement is not caused by Damage, loss resulting from which is covered by this Policy or would be covered by this Policy or would be covered is such building, range of buildings or structure were included in the Premises to which this Policy refers.</p>\n\n<p>If any claim be made upon this Policy in consequence of Damage whether occurring before, during or after such fall or displacement the Insured shall produce such proof as may reasonable be required that the loss was not, either in origin or in extent, directly or indirectly, proximately or remotely, occasioned by or contributed to by any such fall or displacement and did not either in origin or extent, directly or indirectly, proximately or remotely, arise out of or in connection with any such fall or displacement.</p>\n\n<p>In any action, suit or other proceeding, the burden of proving that any fall or displacement is caused by Damage shall be upon the Insured.</p>\n\n<p>4. &nbsp;The Insurance does not cover loss occasioned by or happening through or in consequence of:</p>\n\n<p>a. The burning of property by order of any Public Authority.<br />\nb. &nbsp;Subterranean fire.<br />\nc. &nbsp;Explosion whether the explosion be occasioned by Fire or otherwise except as stated on the face of this Policy.<br />\nd. &nbsp;The burning, whether accidental or otherwise, of forest, bush, prairie, pampas or jungle and the clearing of lands by fire.<br />\ne. &nbsp;Damage to property occasioned by its own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process.<br />\nf. &nbsp; Loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by nuclear weapons material.<br />\ng. &nbsp;Loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by lonising radiations o contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. &nbsp;For the purpose of this Condition 4(7) only, combustion shall include any self-sustaining process of nuclear fission.</p>\n\n<p>5. &nbsp;This Insurance does not cover any loss resulting from Damage occasioned by or through or in consequence, directly or indirectly, of any of the following occurrences, namely -</p>\n\n<p>a. &nbsp;Earthquake, volcanic eruption or other convulsion of nature.<br />\nb. &nbsp;Typhoon, hurricane, tornado, cyclone or other atmospheric disturbance.<br />\nc. &nbsp;War, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war<br />\nd. &nbsp;Mutiny, riot, military or popular rising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege.<br />\ne. &nbsp;Requisition or seizure or destruction of or damage to property by or under the order of any Government or Public or local authority or confiscation or nationalization.<br />\nf. &nbsp; Theft during or after the occurrence of a fire</p>\n\n<p>Any loss resulting from Damage happening during the existence of abnormal conditions (whether physical or otherwise) which are occasioned by or through or in consequence, directly or indirectly of any of the said occurrences shall be deemed to be loss which is not covered by this Insurance except to the extent that the Insured shall prove that such Damage happened independently of the existence of such abnormal conditions</p>\n\n<p>In any action, suit or other proceeding where the Company alleges that the reason of the provision of this Condition any loss is not covered by this Insurance, the burden of proving that such loss is covered shall be upon the Insured.</p>\n\n<p>6. &nbsp;The Insurance by this Policy shall cease if:</p>\n\n<p>a. &nbsp;the Business be wound up or carries on by a Liquidator or Receiver or permanently discontinued or<br />\nb. &nbsp;the Insured&#39;s Interest cease otherwise than by death or<br />\nc. &nbsp; any alterations be made either in the Business or in the Premises or property therein whereby the risk of Damage is increased</p>\n\n<p>at any time after the commencement of this Insurance, unless its continuance be admitted by memorandum signed by or on behalf of the Company.</p>\n\n<p>7. &nbsp;Notice shall be given to the Company and, if required, an additional premium paid, if the rate of premium payable in respect of the Insurance covering the Interest of the Insured in the property at the Premises against Fire Damage shall be increased.</p>\n\n<p>8. &nbsp;This Insurance may be terminated at any time at the request of the Insured, in which case the Company will retain the customary short period rate for the time the Policy has been in force. &nbsp;This Insurance may also at any time be terminated at the option of the Company by sending seven days notice be registered letter to the Insured at his last known address, in which case the Company shall be liable to repay on demand a ratable proportion of the premium for the un-expired term from the date of the cancelment.</p>\n\n<p>9. &nbsp;On the happening of any Damage in consequence of which a claim is or may be made under this Policy, the Insured shall forthwith give notice thereof to the Company and shall with due diligence do and concur in doing and permit to be done all things which may be reasonably practicable to minimize or check any interruption of or Interference with the Business or to avoid or diminish the loss, and in the event of a claim being made under this Policy shall, not later than thirty days after the expiry of the Indemnity period or within such further time as the Company may in writing allow, at his own expense deliver to the Company in writing a statement setting forth particulars of his claim, together with the details of all other insurance (if any) covering the Damage or any part of it or consequential loss of any kind resulting therefrom.</p>\n\n<p>10. &nbsp;The Insured shall at his own expense produce, procure and give to the Company such books of account and other business books, vouchers, invoices, balance sheets and other documents, proofs, information, explanation and other evidence as may reasonably be required by or on behalf of the Company for the purpose of investigating or verifying the claim together with a declaration on oath or in other legal form of the truth of the claim and of any mattes connected therewith. &nbsp;No claim under this Policy shall be payable unless the terms of this Condition have been complied with and in the event of non-compliance therewith in any respect, any payment on account of the claim already made shall be repaid to the Company forthwith:</p>\n\n<p>11. &nbsp;If the claim be in any respect fraudulent, or if any false declaration be made or used in support thereof, or if any fraudulent means or devices are used by the Insured or any one acting on his behalf to obtain any benefit under this Policy, if the Insured or any person acting on his behalf shall hinder or obstruct the Company in the exercise of its rights, or if the Damage be occasioned by the willful act, or with the connivance of the Insured, or, if the claim be made rejected and an action or suit be not commenced within twelve months after such rejection, or (in case of an arbitration taking place) within twelve months after the Arbitrator or Arbitrators or umpire shall have made their award all benefit under this Policy shall be forfeited.</p>\n\n<p>12. &nbsp;If at the time of any loss under this Policy there be any other subsisting insurance or insurances, whether affected by the Insured or by any other person or persons, covering such loss or any part of if the Company shall not be liable to pay or contribute hereunder more than their ratable proportion of such loss.</p>\n\n<p>13. &nbsp;The Insured shall, at the expense of the Company do and concur in doing, and permit to be done, all such acts and things as may be necessary or reasonably required by the Company for the purpose of enforcing any rights and remedies, or of obtaining relief or indemnity from other parties to which the Company shall be or would become entitled or subrogated, upon its paying for any loss under this Policy, whether such acts and things shall be or become necessary or required before or after his indemnification by the Company.</p>\n\n<p>14. &nbsp;If any difference shall arise as to the amount to be paid under this Policy (liability being otherwise admitted) such difference shall be referred to an arbitrator to be appointed by the parties in accordance with statutory provisions in that behalf for the time being in force. &nbsp;Where any difference is by this condition to be referred to arbitration the making of an award shall be a condition precedent to any right of action against the Company.</p>\n\n<p>If the Company shall offer an amount in settlement or disclaim liability 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 contained in the Policy or been made subject to pending court action then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p>15. &nbsp;In no case whatsoever shall the Company be liable in respect of any claim under this Policy after the expiration of</p>\n\n<p>a. &nbsp;one year from the end of the Indemnity Period of, if later<br />\nb. &nbsp;three months from the date on which payment shall have been made or liability admitted by the Company covering the Damage giving rise to the said claim unless the claim is the subject of pending action or arbitration.</p>\n\n<p>16. &nbsp;Every notice and other communication to the Company required by these Conditions must be written or printed.</p>\n\n<p>17. &nbsp;In consideration of the Insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a pro-rata basis from the date of such loss to the expiry of the current period of Insurance. &nbsp;It is agreed that in the event of loss the Insurance hereunder shall be maintained in force for the full sum insured.</p>\n\n<p>18. &nbsp;The Company shall not be liable in so far as the interruption loss is increased</p>\n\n<p>a. &nbsp;by extraordinary events taking place during the interruption<br />\nb. &nbsp;by restriction imposed by the authorities on the reconstruction or operation of the business<br />\nc. &nbsp;due to the insured&#39;s lack of sufficient capital for timely restoration or replacement of property destroyed damaged or lost.</p>\n\n<p>This Insurance does not cover any loss, damage or destruction caused by pollution or contamination except (unless otherwise excluded) damage or destruction of the property insured caused by</p>\n\n<p>I) &nbsp;pollution or contamination which itself result from a contingency hereby insured against<br />\nII) &nbsp;any contingency hereby insured against which itself results from pollution or contamination<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 00:36:20', '2017-04-10 00:36:20', 169, 169),
(567, '1', 'BPVEC', 'BOILER & PRESSURE VESSEL EXPLOSION CLAUSE', '<p>It is hereby agreed that the Insurers will during the period covered by this Policy or any renewal thereof and subject to the Exceptions, Definitions and Conditions contained herein or endorsed hereon, indemnify the Insured against -</p>\n\n<p>Damage to the boiler or pressure vessel described in the Schedule hereto and to other property of the Insured, caused by and solely due to explosion or collapse as hereinafter defined of any boiler or pressure vessel described in the Schedule whilst in the course of ordinary working.</p>\n\n<p>Provided that the total liability of the Insurers in respect of any one boiler or pressure vessel in any one year of the insurance shall not exceed the limit of indemnity set opposite thereto in the Schedule.</p>\n\n<p>EXCEPTIONS</p>\n\n<p>1. Damage and/or liability caused by the wilful act or wilful neglect of the Insured.<br />\n2. Loss sustained by stoppage of work.<br />\n3. Loss or damage directly or indirectly caused by or arising out of war, invasion, act of foreign enemy, hostilities (whether war &nbsp;be declared or not), civil war, rebellion, revolution, insurrection, riot, strike, lock-out, civil commotion, military or usurped power or malicious persons acting on behalf of or in connection with any political organization, confiscation, commandeering, requisition or destruction of or damage to property by order of the government de jure or de facto or by any public authority, nuclear reaction, nuclear radiation or radioactive contamination.</p>\n\n<p>DEFINITIONS</p>\n\n<p>The following terms when used in the policy shall have the under mentioned meanings -</p>\n\n<p>1. &quot;Boilers&quot; shall mean any fired closed container or a combined container-piping system in which steam is generated under pressure. When used in the Schedule the term &quot;boiler&quot; includes fittings, built-in super heaters and economizers but does not include steam or feed-water piping or separate economizers, the explosion of such items being covered by the policy only if specifically listed in the Schedule.</p>\n\n<p>2. &nbsp;&quot;Vessel&quot; shall mean any unfired closed container under steam or air pressure.</p>\n\n<p>3. &nbsp;&quot;Explosion&quot; shall mean the sudden and violent rending or tearing apart of the structure of a boiler or vessel, or any part or parts thereof by force of internal steam, air or fluid pressure, causing bodily displacement of said structure accompanied by the forcible ejectment of its contents.</p>\n\n<p>&nbsp; &nbsp; &quot;Explosion&quot; shall also mean any damage to the structure of the boiler by force of the sudden and accidental combustion of ignited furnace of the flue gases.</p>\n\n<p>4. &quot;Collapse&quot; shall mean the sudden and dangerous distortion of any part of a boiler or vessel caused by the crushing stress of external steam of fluid pressure whether attended by rupture or not; it shall not mean any slowly developing deformation due to any cause.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 00:40:17', '2017-04-10 00:40:17', 169, 169),
(568, '1', 'BSPC', 'BACKING OF SEWER AND PIPES CLAUSE', '<p>It is hereby declared and understood that this policy is extended to cover loan or damage due to accidental back flow of water from sewers and pipes.</p>\n\n<p>PROVIDED THAT :</p>\n\n<p>A) The insured undertakes to exercise all ordinary and reasonable precautions for the maintenance and safety of the property;<br />\nB) All conditions of this policy shall apply (except insofar as they may be expressly varied) and that any reference therein to loss or damage by fire shall be deemed to apply to loss or damage as aforesaid;<br />\nC) The liability of the company under this endorsement shall in no case exceed the sum insured in each item of the policy.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 00:47:45', '2017-04-10 00:47:45', 169, 169),
(569, '1', 'BUFIR', 'BUSH FIRE', '<p>This Clause extends to cover loss or damage by fire occasioned or through or in consequence of the burning, whether accidental or otherwise, of forests, bush, grass, prairie, pampas or jungle and clearance of lands by fire.&nbsp;</p>\n', '', 450, '', '2017-04-10 00:59:07', '2020-05-08 11:46:00', 169, 194),
(571, '1,2', 'CANCL', 'CANCELLATION CLAUSE', '<p>&quot;It is expressly understood that this policy or any renewal thereof cannot be cancelled or amended without prior written notification to and conformity by Bangko Sentral ng Pilipinas PROVIDENT FUND&quot;.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:03:58', '2018-11-20 10:59:42', 169, 215),
(572, '1', 'CII', 'CYGNUS SCHEDULE', '<p>ITEM&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; REPLACEMENT COST&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;DESCRIPTION<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(BASED ON VALUATION REPORTS<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;AS OF MARCH 26, 2014)&nbsp;&nbsp; &nbsp;<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nFACTORY BUILDING 1 &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp;56,175,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; 170,488,000.00 &nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;LAMINATION SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp;19, 812,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;PROOFING SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;210,910,000.00 &nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BLOW FILM SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp;90,181,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;FILM-BAG MAKING SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp;65,620,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SLITTING &amp; LAMINATING SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; 241,600.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;CARPENTRY SHOP<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; 613,427,600.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nFACTORY BUILDING 2&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; 31,476,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; 316,136,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;PRINTING SECTION<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; 347,612,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================&nbsp;&nbsp; &nbsp;<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nCYLINDER MAKING PLANT&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp; &nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; 4,410,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; 107,884,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp;112,294,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nWAREHOUSE NO. 1&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;13,728,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp;3,764,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;LABORATORY<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;-----------------------------------------------------------------------------------------------------------<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;17,492,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nWAREHOUSE NO. 2&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;56,175,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp;5,837,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINE SHOP<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;-----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;62,012,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nTHREE INTERCONNECTING &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;26,813,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\nBUILDING&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 45,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;WRAPPING DEPARTMENT WAREHOUSE<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; 49,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;WAREHOUSE C<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 187,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;WAREHOUSE E<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;-------------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;27,094,500.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;==================================================================&nbsp;&nbsp; &nbsp;<br />\nSCRAP YARD AREA&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;5,472,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;BUILDING<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;482,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;---------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp;5,954,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nWASTE WATER TREATMENT&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp;1,093,000.00&nbsp;&nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp;1,093,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nMATERIAL HANDLING EQUIPMENT&nbsp;&nbsp; &nbsp;PHP&nbsp;&nbsp; &nbsp;7,233,000.00<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; 7,233,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nFIRE FIGHTINGEQUIPMENT&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;672,000.00<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;672,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nYARD AND OUTSIDE&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;2,546,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;2,546,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nOTHERS (UTILITIES)&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp;13,873,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp;13,873,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nEMPLOYEE?S QUARTERS AND&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />\nGUARDHOUSE&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;3,210,000.00<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;3,210,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nEMPLOYEE?S QUARTERS AND&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />\nLOCKER ROOM&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; 780,000.00<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp; &nbsp; 780,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\nOTHER LAND IMPROVEMENTS &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;6,460,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;MACHINERY &amp; EQUIPMENT<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;----------------------------------------------------------------------------------------------------------&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP &nbsp; &nbsp; &nbsp;6,460,000.00&nbsp;&nbsp; &nbsp;-&nbsp;&nbsp; &nbsp;SUB-TOTAL<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;=================================================================<br />\n--------------------------------------------------------------------------------------------------------------------------------------------------------------------<br />\n&nbsp;&nbsp; &nbsp;GRAND TOTAL&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHP 1,221,754,100.00&nbsp;&nbsp; &nbsp;</p>\n\n<p>ABIC SHARE: &nbsp;&nbsp;&nbsp; &nbsp;PHP122,175,410.00 OR EQUIVALENT TO 10% BEING PART OF THE TOTAL SUM INSURED &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;OF PHP1,221,741,100.00</p>\n\n<p>CONSTRUCTION AND OCCUPANCY:</p>\n\n<p>FACTORY BUILDING 1<br />\nONE (1) LOFTY STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS PARTITION/S, UNDER LONG-SPAN METAL SHEETS AND CORRUGATED GALVANIZED IRON SHEET ROOFING, WITH THERMAL INSULATOR, ON STEEL FRAMES. &nbsp;OCCUPIED AS LAMINATION, FILM EXTRUSION, AND SLITTING AREAS.</p>\n\n<p>FACTORY BUILDING 2<br />\nONE (1) LOFTY STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS AND WIRE MESH PARTITION/S, UNDER LONG-SPAN METAL SHEETS AND CORRUGATED GALVANIZED IRON SHEETS ROOFING, WITH THERMAL INSULATOR, ON STEEL FRAMES. &nbsp;OCCUPIED AS PRINTING AREA AND STORAGE OF FILMS.</p>\n\n<p>CYLINDER MAKING PLANT<br />\nONE (1) STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS PARTITION/S, UNDER LONG-SPAN METAL SHEETS ROOFING, ON STEEL FRAMES. &nbsp;OCCUPIED AS CYLINDER FABRICATION AND ENGRAVING AREA.</p>\n\n<p>WAREHOUSE NO. 1<br />\nONE (1) LOFTY STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS AND WIRE MESH PARTITION/S, UNDER LONG-SPAN METAL SHEETS AND CORRUGATED GALVANIZED IRON SHEETS ROOFING, WITH THERMAL INSULATOR, ON STEEL FRAMES. &nbsp;OCCUPIED AS STORAGE OF PRINTING INKS AND SOLVENTS AND AS LABORATORY.</p>\n\n<p>WAREHOUSE NO. 2<br />\nONE (1) LOFTY STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS PARTITION/S, UNDER LONG-SPAN METAL SHEETS AND CORRUGATED GALVANIZED IRON SHEETS ROOFING, WITH THERMAL INSULATOR, ON STEEL FRAMES. &nbsp;OCCUPIED AS STORAGE OF FINISHED GOODS &amp; UNFINISHED GOODS (FILMS FOR SLITTING AND OTHER IN-PROCESS GOODS) AND AS MACHINE SHOP.</p>\n\n<p>THREE INTERCONNECTING BUILDING</p>\n\n<p>ONE (1) LOFTY STOREY BUILDING, CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS, WITH CONCRETE HOLLOW BLOCKS AND WIRE MESH PARTITION/S, UNDER LONG-SPAN METAL SHEETS AND CORRUGATED GALVANIZED IRON SHEETS ROOFING, WITH THERMAL INSULATOR, ON STEEL FRAMES. &nbsp;OCCUPIED AS STORAGE OF RAW MATERIALS.</p>\n\n<p>SCRAP YARD AREA<br />\nONE (1) LOFTY OPEN WALLED SHED, UNDER ASBESTOS ROOF TILE ON STEEL FRAMES.</p>\n\n<p>EMPLOYEE?S QUARTERS AND GUARDHOUSE<br />\nONE (1) STOREY BUILDING CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS UNDER LONG-SPAN METAL SHEETS ROOFING, ON STEEL FRAMES.</p>\n\n<p>EMPLOYEE?S QUARTERS AND GUARDHOUSE.<br />\nONE (1) STOREY BUILDING CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS UNDER LONG-SPAN METAL SHEETS ROOFING, ON STEEL FRAMES.</p>\n\n<p>EMPLOYEE?S QUARTERS AND LOCKER ROOM<br />\nONE (1) STOREY BUILDING CONSTRUCTED OF REINFORCED CONCRETE AND/OR CONCRETE HOLLOW BLOCKS UNDER LONG-SPAN METAL SHEETS ROOFING, ON STEEL FRAMES.</p>\n\n<p>ITHER LAND IMPROVEMENTS<br />\nTHREE (3) UNITS INCINERATOR (LOCALLY MADE) ? THREE (3) IDENTICAL STRUCTURES CONSISTING OF REINFORCED CONCRETE ENCLOSURE WITH FIRE BRICK LINING IN THE INTERIOR SURFACE AND PROVIED WITH FIRE RETARDANT STEEL SHEET DOOR.</p>\n\n<p>ONE (1) UNIT INCINERATOR (IMPORTED) ? A REINFORCED CONCRETE ENCLOSURE WITH FIRE BRICK LINING IN THE INTERIOR SURFACE AND PROVIDED WITH FIRE RETARDANT STEEL SHEET DOOR AND WATER COOLING SYSTEM.</p>\n\n<p>COVERED AREA (BETWEEN FACTORY BUILDING 1 AND WAREHOUSE 1 &amp; 2) ? CONSIST OF LONG-SPAN RIB-TYPE AND UNPLASTICIZED POLY VINYL CHLORIDE (UPVC) SKYLIGHT ROOFINGS SUPPORTED BY STEEL FRAMES AND FRAMINGS AND HINGED ON THE COLUMNS OF FACTORY BUILDING 1 AND WAREHOUSE NOS. 1 &amp; 2.</p>\n\n<p>WARRANTIES AND CLAUSES:</p>\n\n<p>REMOVAL OF DEBRIS CLAUSE ? LIMIT OF PHP500,000.00<br />\nPROFESSIONAL FEES CLAUSE ? LIMIT OF PHP500,000.00<br />\nPREMIUM PAYMENT WARRANTY ? 30 DAYS</p>\n\n<p><br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:04:59', '2017-04-10 01:04:59', 169, 169),
(573, '1,18', 'CIVCO', 'CIVIL COMMOTION', '<p>It is agreed and understood that this insurance is extended to cover loss or damage due to civil commotion which for the purpose of this Memorandum shall mean (subject always to the Special Conditions hereinafter contained) loss or damage to the Insured Property directly caused by:</p>\n\n<p>- the act of any person taking part together with others in any disturbances of the public peace not being an occurrence that assumes the proportion of or amounts to a popular rising, military rising, mutiny, insurrection, rebellion, revolution, military or usurped power;</p>\n\n<p>- the action of any lawfully constituted authority in suppressing or attempting to suppress any such disturbance or in minimizing the consequences of any such disturbance; and</p>\n\n<p>- the action of any lawfully constituted authority in preventing or attempting to prevent any such act or in minimizing the consequences of any such act.</p>\n\n<p>Provided that it is hereby further expressly agreed and declared that:<br />\n<br />\nThis Extension shall, if indemnity is provided under separate and more specific insurance arranged by the Insured on the Insured Property for loss or damage due to perils of Civil Commotion as described above, only apply in excess of the indemnity under the separate and more specific insurance. &nbsp;In such circumstances, the Retained Liability hereon shall be deemed to be non-applicable to the extension of cover by this Extension;<br />\n<br />\nAll the terms, exclusions, provisions and conditions of the Policy shall apply in all respects to the insurance granted by this Extension save in so far as the same is expressly varied by the following Special Conditions and any reference to loss or damage in the wordings of the Policy shall be deemed to include the perils hereby against; and<br />\n<br />\nThe following Special Conditions shall apply only to the insurance granted by this Extension and the wordings of the Policy shall apply in all respects to the insurance granted by the policy as if this Extension had not been made thereon.</p>\n\n<p>SPECIAL CONDITIONS</p>\n\n<p>This Extension does not cover:</p>\n\n<p>a)loss or damage occasioned by permanent or temporary dispossession resulting from confiscation, commandeering or requisition by any lawfully constituted authority;</p>\n\n<p>b)loss or damage occasioned by permanent or temporary dispossession of any building resulting from the unlawful occupation by any person of such building.</p>\n\n<p>Provided however that the insurer is not relieved under a) or b) above of any liability to the Insured in respect of physical damage to the Insured Property occurring before dispossession or during temporary dispossession.</p>\n\n<p>In any such action, suit or other proceeding, where the insurer allege that by reason of the Provisions of this Condition any loss or damage is not covered by this Extension, the burden of proving that such loss or damage is covered shall be upon the Insured.</p>\n', '', 450, '', '2017-04-10 01:07:38', '2020-05-08 11:50:01', 169, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(575, '1', 'CLEXT', 'CROSS LIABILITY EXTENSION', '<p>IT IS AGREED AND UNDERSTOOD that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, the Third Party Liability cover of the Policy shall apply to the insured parties named in the Schedule as if a separate policy had been issued to each party, provided that the Insurers shall not indemnify the Insured under this Endorsement in respect of liability for.</p>\n\n<p>The Insurer&#39;s total liability in respect of the insured parties shall not however exceed in the aggregate for any one accident or series of accidents arising out of one event the limit of indemnity stated in the schedule.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:10:10', '2017-04-10 01:10:10', 169, 169),
(576, '1,4', 'CPL', 'COMPREHENSIVE PERSONAL LIABILITY', '<p>COVERAGE A: LEGAL LIABILITY</p>\n\n<p>To pay on behalf of the Assured all sums which the ASSURED shall become legally obligated to a pay s damages because of bodily injury, sickness or disease, including death at any time resulting therefrom, sustained by any third party and as damages because of injury to or destruction of property, including the loss or use thereof.</p>\n\n<p>LIMITS OF LIABILTY</p>\n\n<p>The Liability of the Company for all compensation under this policy as a result of any one occurrence shall not exceed the Limits of Liability Specified as stated in the policy schedule.&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>\n\n<p>COVERAGE B: DEFENSE, SETTLEMENT, and SUPPLEMENT PAYMENTS</p>\n\n<p>With respect to such insurance is afforded by this Policy for liability this COMPANY shall:</p>\n\n<p>a. defend any suit against the ASSURED alleging such injury, sickness, disease or destruction and seeking damages on account thereof, even if such is groundless, false or fraudulent, but the COMPANY may make such investigation, negotiation and settlement of any claim or suit as it deems expedient;</p>\n\n<p>b. (1) pay all premiums on bonds to release attachments for an amount not is excess of the applicable 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;</p>\n\n<p>&nbsp; &nbsp; (2) pay all expenses incurred by this COMPANY, all costs, taxes against the Insured in any such suit and all interest accruing after entry of judgement until this COMPANY has paid or tendered or deposited in court such part of such judgment as does not exceed the limit of this Company&#39;s liability thereon.</p>\n\n<p>&nbsp; &nbsp; (3) pay expenses incurred by the ASSURED, in the event of an accident causing bodily injury, sickness, or disease, for such immediate medical and surgical relief to others as shall be imperative at the time of accident;</p>\n\n<p>&nbsp; &nbsp; (4) reimburse the ASSURED for all reasonable expenses, other than loss of earnings, incurred at this COMPANY&#39;S request</p>\n\n<p>The amount so incurred, except settlements of claims and suits are payable by this COMPANY in addition to the applicable limit of liability in this Policy.</p>\n\n<p><br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; EXCLUSIONS<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nThis Section does not apply to:</p>\n\n<p>1. &nbsp;Any business pursuits of an ASSURED, other than activities therein which are ordinarily incident to non-business pursuits or to the rendering of any professional service or the omission thereof, except with respect to voluntarily civilian defense activities.</p>\n\n<p>2. The ownership, maintenance, operation, use, loading or unloading of (1) automobiles while away from the premises or the ways immediately adjoining except under Coverage A with respect cooperation by independent contractors for non-business purposes of the ASSURED, (2) watercraft, including sailboats, with in-board motors, watercraft, including sailboats with or without auxiliary power, 21 feet or more in overall length owned by or rented to the Insured, while away from the premises, or (3) applies his employment by the ASSURED, parts (1) and (2) of this exclusion do not apply, and part (3) applies only while such employee is engaged in the operation or maintenance of aircraft.</p>\n\n<p>3. Injury, sickness, disease, death or destruction caused intentionally by or the direction of the ASSURED.</p>\n\n<p>4. Bodily injury to or sickness, disease or death or death of any employee of the ASSURED arising out of and in the course of his employment by the Assured, if benefits therefore are in whole or in part either payable or required to be provided under any workmen/s compensation benefit for such employee.</p>\n\n<p>5. Liability of the Insured under any contract or agreement (unless such liability would have attached in the absence of such contract or agreement) other than liability of the Insured under a written contract relating to the said premises and to which the Insured is a party as Owner or Tenant of the said premises.</p>\n\n<p>6. Under Coverage A, injury to or destruction of property used by, rented to or in the care, custody or control of the ASSURED or property as to which the ASSURED for any purpose is exercising physical control, except that this exclusion shall not apply to liability which would be imposed upon the ASSURED, for injury to or destruction of residential premises or house furnishing from (1) fire, (2) explosion, or (3) smoke;</p>\n\n<p>7. Injury, sickness, disease, death or destruction due to war whether declared or not, civil war insurrection, rebellion or revolution, with respect to liability assumed by the ASSURED under any contract or agreement<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:11:04', '2020-09-23 17:55:56', 169, 194),
(577, '1', 'CPLL', 'CAR PARK LEGAL LIABILITY', '<p>CAR PARK LEGAL LIABILITY<br />\n&nbsp;&nbsp; &nbsp;<br />\nNotwithstanding anything contained within the Printed Policy to the contrary, it is hereby declared and agreed that the coverage of the Policy is extended to include legal liability of the Insured in respect of loss or damage to vehicles under the control of the Insured or the Insured&#39;s Parking Attendants whilst in the Car Park of the Insured, if such loss or damage is sustained under the following coverages:</p>\n\n<p>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;Fire and Explosion (except explosion of tires)<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;Theft, if the entire automobile is taken, but subject to a separate deductible of (per policy schedule) per vehicle per any one loss<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;c. &nbsp;&nbsp; &nbsp;Collision or Upset, if such were caused by the Insured or Insured&#39;s employees, subject to a separate deductible (as per policy schedule) per vehicle.</p>\n\n<p><br />\nExceptions Particular to this Endorsement:</p>\n\n<p>&nbsp;&nbsp; &nbsp;The company shall not be liable for claims in respect of:<br />\n&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;legal liability for loss of use of such automobile;<br />\n&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;legal liability for loss or damage to robes, wearing apparel or other personal effects or merchandise of any description;<br />\n&nbsp;&nbsp; &nbsp;c.&nbsp;&nbsp; &nbsp;legal liability for loss or damage to any automobile owned by the Insured or his employees; or owned by any member thereof of his Partner&#39;s family; or if the Insured is a Partnership, by any member thereof of his Partner&#39;s family; or if the Insured be a corporation, by any officer thereof or his family;<br />\n&nbsp;&nbsp; &nbsp;d. &nbsp;&nbsp; &nbsp;any liability assumed by the Insured under any expressed contract or agreement to keep safely any property covered hereby.<br />\n&nbsp;&nbsp; &nbsp;e. &nbsp;&nbsp; &nbsp;liability for theft or car accessories and parts.</p>\n\n<p>Limits of Liability:</p>\n\n<p>The liability of the Company for all compensation under this Endorsement shall not exceed the following limits:</p>\n\n<p>&nbsp;&nbsp; &nbsp;As per policy schedule</p>\n\n<p>This Endorsement is subject to all terms, conditions and exceptions of the Policy which are not inconsistent herewith.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:11:53', '2017-04-10 01:11:53', 169, 169),
(578, '1', 'CPLLE', 'CAR PARK LEGAL LIABILITY ENDORSEMENT', '<p>Notwithstanding anything contained within the Printed Policy to the contrary, it is hereby declared and agreed that the coverage of the Policy is extended to include legal liability of the Insured in respect of loss or damage to vehicles under the control of the Insured or the Insured Parking Attendants whilst in the Car Park of the Insured, if such loss or damage is sustained under the following coverages:</p>\n\n<p>a. Fire and Explosion (except explosion of tires)<br />\nb. Theft, if the entire automobile is taken, but subject to a deductible of (as stated in the policy schedule)&nbsp;of vehicle fair market value,<br />\nc. Collision or Upset, if such were caused by the Insured or Insured&#39;s employees, subject to a separate deductible of (per policy schedule) each and every loss</p>\n\n<p>Limit of Liability/deductible - (per policy schedule)</p>\n\n<p>Exceptions Particular to this Endorsement<br />\nThe Insurer shall not be liable for claim in respect of:<br />\na. legal liability for loss of use of such automobile;</p>\n\n<p>b. legal liability for loss or damage to robes, wearing apparel or other personal effects, or merchandise of any description</p>\n\n<p>c. legal liabilty for loss or damage to any automobile owned by the Insured or his employees; or owned by any member of his family; or if the Insured is a Partnership, by any member thereof of his Partner&#39;s family or if the Insures be a corporation, by any officer thereof of his family:</p>\n\n<p>d. any liability assumed by the Insured under any expressed contract or agreement to keep safety any property covered hereby</p>\n\n<p>e. liability for theft of car accesories and parts.</p>\n\n<p>LIMITS OF LIABILITY<br />\nThe Liability of the Insurer for all compensation under this endorsement shall not exceed the Limit stated in the Schedule of Coverage.</p>\n\n<p><br />\nALLIED BANKERS INSURANCE CORPORATION</p>\n\n<p><br />\nAuthorized Signature&nbsp;</p>\n', '', 450, '', '2017-04-10 01:14:16', '2020-10-09 10:29:18', 169, 194),
(579, '1', 'CPUL', 'COVERAGE ON PREVIOUSLY UNSCHEDULED LOCATION', '<p>COVERAGE ON PREVIOUSLY UNSCHEDULED LOCATION</p>\n', '', 450, '', '2017-04-10 01:14:59', '2017-04-10 01:14:59', 169, 169),
(580, '1', 'CS', 'CONTRACT SALES', '<p>It is hereby declared and agreed that in respect of goods sold but not delivered for which the Insured is responsible and with regard to which under the Condition of Sale. Contract is by reason of the Fire or any peril hereby insured against, cancelled wholly or to extent of the loss or damage, the liability of the insurer(s) shall be based on the Contract Price and for the purpose of Average the value of all goods to which this Clause would in the event of loss or damage be applicable shall be ascertained on the same basis. &nbsp;</p>\n', '', 450, '', '2017-04-10 01:15:40', '2017-04-10 01:15:40', 169, 169),
(581, '1', 'CW', 'CONSTRUCTION WARRANTY', '<p>Warranted that notice shall be given to the Company when the building(s) under construction is occupied and that the Insured shall pay a suitable premium if required. The liability of the company under this policy shall in no case exceed the value of that part of the bldg., already erected and materials on the site at the time of the fire.<br />\nBreach of this condition shall render this policy null and void.</p>\n', '', 450, '', '2017-04-10 01:16:20', '2017-04-10 01:16:20', 169, 169),
(582, '1', 'DC200', 'DEDUCTIBLE CLAUSE - P200,000.00', '<p>In consideration of 13% premium discount for which this Policy is written, it is hereby declared and agreed that the company shall not be liable for loss or damage under this Policy and/or other policies covering the same property by any peril insured against unless such loss or damage exceeds P200,000.00 any one occurence.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:17:01', '2017-04-10 01:17:01', 169, 169),
(583, '1', 'DCC', 'DIVISIBLE CONTRACT CLAUSE', '<p>The breach of any condition of this policy in respect to any one or more of the buildings insured or containing the property insured, shall not prejudice the right to recover for loss occurring in any building insured or containing the property insured where at the time of the loss, a breach of condition does not exist.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:18:10', '2017-04-10 01:18:10', 169, 169),
(584, '1', 'DCE', 'DECONTAMINATION AND CLEAN UP EXPENSE', '<p>If insured is contaminated as a direct result of physical damage insured by this Policy and there is in force at the time of the loss any law or ordinance regulating Contamination due to the actual not suspected presence of the Contaminant(s), then this Policy covers, as a direct result of enforcement of such law or ordinance, the increase cost of decontamination and/or removal of such contaminated insured property in a manner to satisfy such law or ordinance. This additional coverage applies only to that part of the Insured property so contaminated due to the actual not suspected presence of Contaminant(s) as a direct result of insured physical damage.<br />\nThe company is not liable for the cost required for removing contaminated uninsured property nor the Contaminant therein or thereon, whether or not the Contamination results from an insured event.</p>\n', '', 450, '', '2017-04-10 01:18:48', '2017-05-26 15:27:15', 169, 194),
(585, '1', 'DCLT', 'DEDUCTIBLE CLAUSE (P1,000,000.00) LTGOC', '<p>DEDUCTIBLE CLAUSE (P1,000,000.00) LTGOC</p>\n', '', 450, '', '2017-04-10 01:19:39', '2017-04-10 01:19:39', 169, 169),
(586, '1', 'DCO', 'DECOMTAMINATION CLAUSE', '<p>If insured is contaminated as a direct result of physical damage insured by this Policy and there is in force at the time of the loss any law or ordinance regulating Contamination due to the actual not suspected presence of the Contaminant(s), then this Policy covers, as a direct result of enforcement of such law or ordinance, the increase cost of decontamination and/or removal of such contaminated insured property in a manner to satisfy such law or ordinance. This additional coverage applies only to that part of the Insured property so contaminated due to the actual not suspected presence of Contaminant(s) as a direct result of insured physical damage.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:20:18', '2017-04-10 01:20:18', 169, 169),
(587, '1', 'DDE', 'DREADED DISEASE EXCLUSIONS', '<p>It is hereby declared and agreed that this insurance shall not apply to any liability of the Insured directly or indirectly cause by, contributed to by or arising from any infectious or dreaded diseases.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:21:14', '2017-04-10 01:21:14', 169, 169),
(588, '1', 'DMFDE', 'DELETERIOUS MATTER IN FOOD OR DRINK ENDORSEMENT', '<p>Notwithstanding Exception 1 of the Policy, and subject to payment of additional premium, IT IS HEREBY DECLARED AND AGREED that the Policy shall extend to include liability for Bodily Injury, as defined in the Policy, caused by or arising out of Deleterious Matter in food or drink sold or supplied by the Insured at or from the premises described in the Policy Schedule.</p>\n\n<p>Provided that the liability of the Company in this respect shall not exceed the limit of liability specified below:</p>\n\n<p>As per policy schedule</p>\n\n<p>This endorsement is subject to all terms, conditions and exceptions of the Policy which are not inconsistent herewith.</p>\n\n<p>ALL OTHER TERMS AND CONDITION REMAIN UNALTERED</p>\n', '', 450, '', '2017-04-10 01:24:50', '2017-04-10 01:24:50', 169, 169),
(589, '1', 'DOA', 'DURATION OF ACCREDITATION', '<p>Accredited non-life insurance companies shall be subject to the annual review. &nbsp;Continued accreditations shall be based on their performance and compliances with all &nbsp;the terms and conditions of Guidelines on the Accreditation of Non-Life Insurance Companies, as well as any circulars, memoranda, issuances, and rules and regulations that may be issued from time to time by the BSP PF Board of Trustees to implement the same. &nbsp;In addition, their continued accreditation shall also be subject their compliance with all laws, regulatory requirements and issuances of the Insurance Commission and other concerned government agencies.</p>\n', '', 450, '', '2017-04-10 01:26:43', '2017-04-10 01:26:43', 169, 169),
(590, '1', 'DOT', 'DEFINITION OF TERMS', '<p>DEFINITIONS OF TERMS</p>\n\n<p>ASSURED: The unqualified word ASSURED includes:<br />\n&nbsp;a) The name insured,<br />\n&nbsp;b) If residents of this household, his/her spouse, his/her children,<br />\n&nbsp;c) His/Her residence employee as defined here.<br />\n&nbsp; If the named ASSURED shall die, Personal Accident of this policy shall cover the named ASSURED&#39;s spouse, if a resident of the same householdat the time of such death and legal representative as named ASSURED&#39;s. If legal representative of the named ASSURED, Hospitalization Insurance of this policy shall apply to such legal representative only with respect to the premisesof the original named ASSURED. Personal Accident of this policy shall also cover as ASSURED, while resident of said premises, any person who was an ASSURED at the time of such death.</p>\n\n<p>PREMISES: The unqualified word &quot;premises&quot; means:<br />\n&nbsp;a) All premises where the named ASSURED or his spouse maintains a residence and includes private approaches thereto and other premises and private approaches thereto for use in connection with said residence except business property and farms,<br />\n&nbsp;b) Individual of family cemetery plots burial vaults<br />\n&nbsp;c) Premises in which the ASSURED is temporarily residing , if not owned by the ASSURED<br />\n&nbsp;d) Vacant land, other than farmland, owned by or rented to the ASSURED, but land shall not be deemed vacant following the commencement of any construction operationd thereon unless such operations are being performed solely by independent contractors in connection with the construction of a one or two family dwelling for the ASSURED.</p>\n\n<p>EMPLOYEE means an employee of the INSURED whose duties are incidental to the ownership, maintenance or use of the automobiles or teams, or who performs elsewhere duties of a similar nature in connection with an insured business.</p>\n\n<p>INJURY: Wherever used in this policy means bodily injury caused by an accident occurring while this policy is in force as to the person whose injury is the basis claim and resulting directly and independently of all other causes in loss covered by thus policy.</p>\n\n<p>SICKNESS: Wherever used in this policy means illness or disease which causes loss covered by the policy, contracted and commencing after the effective date of the policy as to the person whose illness or disease is the basis of claim.</p>\n\n<p>HOSPITAL: Wherever used in this policy means an establishment, which meets all of the following requirements:<br />\n&nbsp;1. Holds a license as a hospital;<br />\n&nbsp;2. Operates primarily for the reception, care and treatment of sick, ailing or injured persons as in-patients;<br />\n&nbsp;3. Provide 24-hours-a-day nursing service by registered or graduate nurses;<br />\n&nbsp;4. Has a staff of one or more licensed physicians available at all times;<br />\n&nbsp;5. Provides organized facilities for diagnosis and major surgical facilities;<br />\n&nbsp;6. Maintains at least six (6) beds installed for 24-hour use by patients; and<br />\n&nbsp;7. Is not a primary a clinic, nursing, rest or convalescent home or similar establishment and is not other than incedentally, a place for alcoholic or drug addicts.</p>\n\n<p>BUSINESS PROPERTY includes:<br />\n&nbsp;a) Property on which a business is conducted, and<br />\n&nbsp;b) Property rented in whole or in part to others or held for such rental by the ASSURED other than<br />\n&nbsp; &nbsp;1. The Insureds residence if rented occasionlly or if spaces or stall are so rented or held or<br />\n&nbsp; &nbsp;2. Premises described in (d) of the preceding paragraph.</p>\n\n<p>BUSINESS: Business includes trade, profession, or occupation.</p>\n\n<p>RESIDENCE EMPLOYEE means an employee of the ASSURED whose duties are incidental to the ownership, maintenance or use of the premises. including the maintenance or the use of the automobiles or teams, or who performs elsewhere duties of a similar nature not in connection with an Insured&#39;s business.</p>\n\n<p>TYPHOON: As used in Property Insurance shall be understood to mean a Typhoon or Storm as recorded by the Weather Bureau.<br />\nFLOOD is defined as the entry of water into the premises insured, from without, due to the inundation of land not usually covered by water, (a) by reason of an extraordinary high tide or (b) following Typhoon, Cyclone, and/or Windstorm or (c) the bursting overflowing of rivers, reservoirs, canals, and the like.<br />\nROBBERY: As used in Section I shall mean robbery as define in Article 293 of the Revised Penal Code of the Philippines, Act No. 3815.</p>\n\n<p>PRIVATE DWELLING is a building or that part of the building where the ASSURED and his family maintain residence.</p>\n', '', 450, '', '2017-04-10 01:27:28', '2017-04-10 01:27:28', 169, 169),
(591, '1', 'DPC', 'DELETION OF POLICY CONDITION NO. 8 (J)', '<p>Notwithstanding anything to the contrary as stated in the policy, it is hereby understood and agreed that loss or damage to any electrical machine or apparatus or to any portion of an electrical installation arising from or occasioned by over running, excessive, short circuiting, arching, self heating or leakage of electrical from whatever caused &nbsp;(lightning included) shall be deemed covered by this policy.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:28:29', '2017-04-10 01:28:29', 169, 169),
(592, '1', 'DPE', 'DEFERRED PREMIUM ENDORSEMENT', '<p>IT IS UNDERSTOOD AND AGREED that as a condition precedent to this insurance and compliance with the Insurance Commissioner&#39;s 17 January 1980 Circular, the premium payment shall be due and payable on or before the specified dates mentioned under this policy.</p>\n\n<p>IT IS FURTHER UNDERSTOOD AND AGREED that in the event of any installment not being paid on its due date, the cover afforded by this policy shall be deemed to have ceased at midnight of such due date.</p>\n\n<p>PROVIDED FURTHER, that in the event of loss covered hereunder during the currency of this policy, all further installments shall immediately become due and payable and the Company shall be entitled to take credit thereof.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:29:10', '2017-04-10 01:29:10', 169, 169),
(593, '1', 'DREC', 'DATE RECOGNITION EXCLUSION CLAUSE', '<p>This Policy does not cover damage or consequential loss, cost, claim or expense, whether preventive or otherwise of whatsoever nature directly or indirectly caused by or consisting of or arising from</p>\n\n<p>1. &nbsp;any erasure, loss, distortion or corruption of information or date of any computer system or Network, computer, hardware or software, date processing equipment, computerized component Media, microchip, embedded chip, integrated circuit or similar devices, or other record or</p>\n\n<p>2. the failure, malfunction or inadequacy of any computer system or network any computer hardware or software, data processing equipment, computerized component, media, microchip, embedded chip, integrated circuit or similar devices, or other records whether the property of the insured or not, and whether occurring before, during or after the year 2000.</p>\n\n<p>&nbsp; &nbsp; &nbsp;1. &nbsp;correctly to recognized any date its true calendar data<br />\n&nbsp; &nbsp; &nbsp;2. &nbsp;to capture save or retain and/or correctly to manipulated, interpret or process any date or information or command or instruction as a result of treating any date otherwise that as its true calendar date<br />\n&nbsp; &nbsp; &nbsp;3. &nbsp;to capture save or retain or correctly to process or interpret any data or information as a result of the operation of any command which has been programmed into computer system or network , Especially any Computer hardware or software, data processing equipment, computerized component, media, microchip, embedded chip, integrated circuit or similar devices, being a command which causes erasure, loss, distortion or corruption of data or information or the inability to capture save retain or correctly to process such data on or any data.</p>\n\n<p>And any provision in this Policy concerning any duty of Insurers to investigate or defend claim shall not apply to any claims so excluded.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 01:32:38', '2017-04-10 01:32:38', 169, 169),
(594, '1,6', 'DSTA', 'DOCUMENTARY STAMPS ADVISORY', '<p>Effective October 01, 2001, the Bureau of Internal Revenue under Revenue Regulations Number 15-2001, has implemented the use of &nbsp;&quot;ON-LINE ELECTRONIC DOCUMENTARY STAMPS TAX (DST)&quot;, among insurance companies.</p><p>In view of the above, the Documentary Stamp Tax (DST) becomes immediately due once a policy is issued in effect, when a policy is cancelled, the liability for DST still exists and the same should be chargeable to the Insured.</p>', '2,3,4,5,6,9,10,7,8,11,12,13,76,23,24,25,65,66,67,75,68,69,70,82,86', 450, '', '2017-04-10 01:38:14', '2017-05-18 16:20:55', 169, 169),
(595, '1', 'EC', 'EXTENDED COVERAGE', '<p>IT &nbsp;IS &nbsp;HEREBY &nbsp;UNDERSTOOD AND AGREED THAT in consideration of the payment by the insured to the Company of an additional premium, it is hereby agreed that the Insurance, as herein defiled subject to the special conditions hereinafter contained extend to include loss or damage caused by explosion, aircraft, vehicle and smoke.</p>\n\n<p>PROVISION APPLICABLE TO EXPLOSION</p>\n\n<p>Loss of or damage to the property insured directly caused by explosion, but excluding loss of or damage to boilers, economizers, pipes, turbines, engine or other vessels, machinery, or apparatus in which pressure is used or their contents, resulting from their explosion, and rotating parts of machinery, including the machinery itself, caused by centrifugal force.</p>\n\n<p>The following are not explosions within the intent or meaning of this endorsement:</p>\n\n<p>a) &nbsp; Concussion unless caused by explosion,<br />\nb) &nbsp; Electrical arching<br />\nc) &nbsp; Water hammer,<br />\nd) &nbsp; Rupture or bursting of water pipes</p>\n\n<p>Provided always that all conditions of the Policy (except insofar as Condition No. 8(h) is hereby expressly varied) shall apply as if they had been incorporated herein and for the purpose hereof any loss or damage by explosion as aforesaid shall be deemed to be loss or damage within the meaning of this Policy.</p>\n\n<p>SPECIAL CONDITIONS</p>\n\n<p>1. &nbsp; The Company shall not be liable for loss or damage occasioned by or through or in consequence directly or indirectly, of any act of any person acting on behalf of, or in connection with any organization with activities directed towards the overthrow by force of the Government &quot;de Jure&quot; or &quot;de facto&quot; or to the influencing of it by terrorism or violence.</p>\n\n<p>In any action, suit or other proceeding, where the Company alleges that by reason of the provisions of this Condition any loss or damage is not covered by this insurance, the burden of proving that such loss or damage is covered shall be upon the Insured.</p>\n\n<p>2. &nbsp; If there shall be any other insurance on the property insured under this Policy, the Company shall be liable only pro-rata for any loss or damage with such other insurance extended to cover loss or damage by explosion.</p>\n\n<p>3. &nbsp; The Company shall not be liable for loss or damage which at the time of the happening of such loss or damage is insured by or would, but for the existence of this insurance, 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 had this insurance not been effected.</p>\n\n<p>PROVISIONS APPLICABLE TO AIRCRAFT &amp; VEHICLE</p>\n\n<p>The term vehicle as used herein means vehicles running on land or tracks but not aircraft. Loss by aircraft or by &nbsp;vehicles shall include only direct loss resulting from actual physical contact of an aircraft or a vehicle with the property covered hereunder or with the building containing the property covered hereunder, except that loss by aircraft include direct loss by objects failing therefrom. &nbsp;The Company shall not be liable, however, for loss:</p>\n\n<p>a) &nbsp; By any vehicle owned or operated by the insured or by any tenant of the described premises;</p>\n\n<p>b) &nbsp; By any vehicle to fences, driveways, walks or lawns;</p>\n\n<p>c) &nbsp; To any aircraft or vehicle including contents thereof other than stocks of aircraft or vehicles in process of manufacture or for sale.</p>\n\n<p>PROVISION APPLICABLE TO SMOKE</p>\n\n<p>The term Smoke as used in this endorsement means only smoke due to a sudden, unusual and faulty operation of any heating or cooking unit, only when such unit is connected to a chimney by a smoke pipe or by a vent, and while in or on the premises described in this policy, excluding however, smoke from fire places or industrial apparatus.</p>\n\n<p>DEDUCTIBLE APPLICABLE TO EXPLOSION, AIRCRAFT, VEHICLE AND SMOKE</p>\n\n<p>It is understood and agreed that the insured shall bear the first 1% of the sum insured on the affected items/s under this endorsement but not less than P1,000.00 nor more than P500,000.00 on any material damage loss from any of the above mentioned perils.</p>\n\n<p>GENERAL CONDITIONS APPLICABLE TO EXPLOSION, AIRCRAFT, VEHICLE AND SMOKE</p>\n\n<p>1. &nbsp; It is a condition of this insurance that the insured undertakes to exercise all ordinary and reasonable precautions for maintenance and safety of the property.</p>\n\n<p>2. &nbsp; The Company shall not be liable for loss or damage occasioned by or through or in consequence of the action or order of any government or public authority.</p>\n\n<p>3. &nbsp; In the event of this endorsement being surrendered by the Insured for cancellation, the Company shall retain a premium in accordance with the following scale for the time this endorsement has been in force:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 1 month ................. &nbsp; 20% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 2 month ................. &nbsp; 30% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 3 month ................. &nbsp; 40% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 4 month ................. &nbsp; 50% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 5 month ................. &nbsp; 60% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 6 month ................. &nbsp; 70% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 7 month ................. &nbsp; 80% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;For 8 month ................. &nbsp; 90% of the annual premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;In excess of 8 months ... &nbsp;100% of the annual premium</p>\n\n<p>4. Provided always that all the conditions on the policy to which this endorsement is attached shall apply, except as they may be hereby expressly varied, and that any reference therein to loss or damage by Fire shall be deemed to apply also to loss or damage directly caused by the above named perils.</p>\n', '', 450, '', '2017-04-10 01:39:49', '2017-04-10 01:39:49', 169, 169),
(597, '1', 'EDPE', 'EMPLOYEE''S AND DIRECTORS PERSONAL EFFECTS', '<p>The indemnity provided by this Policy extends to cover the legal liability of the Insured in respect of the clothing and/or personal effects of Employees and Directors.</p>\n', '', 450, '', '2017-04-10 01:45:57', '2017-04-10 01:45:57', 169, 169),
(599, '1', 'EECL', 'EXPEDITING EXPENSE CLAUSE', '<p>The insurance afforded under this policy is extended to include express delivery, air freight, overtime or holiday work incurred in connection with repairs or replacement of the insured property consequent upon its loss, destruction or damaged by an insured peril subject to the prior approval of all such expenditures by Insurance Company.&nbsp;</p>\n', '', 450, '', '2017-04-10 01:59:09', '2017-04-10 01:59:09', 169, 169),
(600, '1', 'EELE', 'ELEVATOR / ESCALATOR LIABILITY ENDORSEMENT', '<p>IT IS HEREBY DECLARED AND AGREED that liability arising from the operations of passenger lifts or elevators/escalators installed in (described under item (1) location of premises of the schedule of this Policy) if any, is deemed covered.</p>\n\n<p>PROVIDED THAT:<br />\n1) &nbsp;&nbsp; &nbsp;the Insured shall ensure that the lifting apparatus covered by this Policy is maintained in good working order.<br />\n2) &nbsp;&nbsp; &nbsp;the Insured shall ensure that any Government or other regulations relating to the operation and inspection of the apparatus are observed.<br />\n3) &nbsp;&nbsp; &nbsp;the Company shall have the right at reasonable times to inspect and examine the apparatus<br />\n4) &nbsp;&nbsp; &nbsp;the Insured shall once in every twelve (12) calendar months cause to be at the expense of the Insured a thorough inspection of and a report in writing on the apparatus by any Engineer previously approved by the Company shall within four (4) days after receipt thereof such report to the Company and shall forthwith arrange for any repairs, servicing and/or maintenance to be carried out.<br />\n5) &nbsp;&nbsp; &nbsp;that Gondola is hereby included in the cover.<br />\nLimit of Liability : as per policy schedule<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 169, 169);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(601, '1,5', 'EEINS', 'ELECTRONIC EQUIPMENT INSURANCE', '<p>Whereas, the Insured named in the Schedule hereto has made to ALLIEDBANKERS INSURANCE CORPORATION (hereinafter called &quot;the Insurers&quot;) a written proposal by completing a Questionaire which together with any other statements made in writing by the Insured for the purpose of this Policy is deemed to be incorporated herein.</p>\n\n<p>Now this Policy of Insurance witnesseth that subject to the Insured having paid to the Insurers the premium mentioned in the Scheduled and subject to the terms, exclusions, provisions and conditions contained herein or endorsed hereon, the Insurers shall indemnify the Insured the manner and to the extent hereinafter providing.</p>\n\n<p>This insurance applies whether the insured items are at work or at rest or being dismantled for the purpose of cleaning, overhauling or of being shifted within the Premises or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.</p>\n\n<p>General Exclusions</p>\n\n<p>The Insurers will not indemnify the Insured in respect of loss or damage directly caused by, or arising out of:<br />\na)&nbsp;&nbsp; &nbsp;war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion, military or usurped power, a group of malicious persons or persons acting on behalf of or in connection with any political organization, conspiracy, commandeering, requisition or destruction or damage by order of any government de jure or de facto or by any public authority;<br />\nb)&nbsp;&nbsp; &nbsp;nuclear reaction, nuclear radiation or radioactive contamination;<br />\nc)&nbsp;&nbsp; &nbsp;wilful act or wilful negligence of the Insured or his representative.</p>\n\n<p>In any action, suit or other proceeding where the Insurers allege that by reason of the provisions of Exclusion a)above any loss, destruction or damage is not covered by this insurance, the burden of proving that such loss, destruction or damage is covered shall be upon the Insured.</p>\n\n<p>General Conditions</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;The due observance and fulfillment of the terms of this Policy in so far as they relate to anything to be done or complied with by the Insured and the truth of the statements and answers in the Questionaire and Proposal made by the Insured shall be a condition precedent to any liability of the Insurers.</p>\n\n<p>2.&nbsp;&nbsp; &nbsp;The Schedule and the Section(s) shall be deemed to be incorporated in and form part of this Policy and the expression &quot;this Policy&quot; wherever used in this contract shall be read as including the Schedule and the Section(s). Any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule or of the Section(s) shall bear such meaning wherever it may appear.</p>\n\n<p>3.&nbsp;&nbsp; &nbsp;The Insured shall at his own expense take all reasonable precautions and comply with all reasonable recommendations of the Insurers to prevent loss or damage and comply with statutory requirements and manufacturer&#39;s recommendations.</p>\n\n<p>4.&nbsp;&nbsp; &nbsp;a) Representatives of the Insurers shall at any reasonable time have the right to inspect and examine the risk and &nbsp;the Insured shall provide the representatives of the Insurers with all details and information necessary for the assessment of the risk.&nbsp;</p>\n\n<p>b) The Insured shall immediately notify the Insurers by telegram and in writing of any material change in the risk &nbsp;and cause at his own expense such additional precautions to be taken as circumstances may require to ensure safe operation of the Insured items and the scope of cover and/or premium shall, if necessary, be adjusted accordingly.</p>\n\n<p>No material alteration shall be made or admitted by the Insured whereby the risk is increased, unless the continuance of the insurance be confirmed in writing by the Insurers.<br />\n5.&nbsp;&nbsp; &nbsp;In the event of any occurrence which might give rise to a claim under this Policy, the Insured shall&nbsp;<br />\na) &nbsp;immediately notify the Insurers by telephone or telegram as well as in writing, giving an indication as to the nature and extent of loss or damage.<br />\nb)&nbsp;&nbsp; &nbsp;take all steps within to minimize the extent of the loss or damage.<br />\nc) &nbsp;preserve the parts affected and make them available for inspection by a representative or surveyor of the Insurers;<br />\nd)&nbsp;&nbsp; &nbsp;furnish all such information and documentary evidence as the Insurers may require;<br />\ne)&nbsp;&nbsp; &nbsp;inform the police authorities in case of loss or damage due to burglary or sabotage.</p>\n\n<p>The Insurers shall not in any case be liable for loss, damage or liability of which no notice has been received by the Insurers within 14 days of its occurrence. Upon notification being given to the Insurers under this condition, the Insured may carry out the repairs or replacement of any minor damage; in all other case a representative of the Insurers shall have the opportunity of inspecting the loss or damage before any repairs or alterations are effected. If a representative of the Insurers does not carry out the inspection within a period of time which could be considered adequate under the circumstances, the Insured is entitled to proceed with the repairs of replacement.</p>\n\n<p>The liability of the Insurers under this Policy in respect of any insured item shall cease if said items is kept in operation after a claim without being repaired to the satisfaction of the Insurers, or if temporary repairs are carried out without the Insurers? consent.</p>\n\n<p>The amount of any loss or damage for which an Insurer may be liable, under this policy, shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Insured and the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. &nbsp;Refusal or failure to pay the loss or damage within prescribed herein will entitle the assured to collect interest on the proceeds of the policy for the duration of the delay at the rate of twice the ceiling prescribed by the Monetary Board, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.</p>\n\n<p>6.&nbsp;&nbsp; &nbsp;The Insured shall at the expense of the Insurers do and concur in doing and permit to be done all such acts and things as may be necessary or required by the Insurers in the interest of any rights or remedies, or of obtaining relief or indemnity from parties (other than those insured under this Policy) to which the Insurers shall be or would become entitled or subrogated upon their paying for or making good any loss or damage under this Policy, whether such acts and things shall be or become necessary or required before or after the Insured?s indemnification by the Insurers.</p>\n\n<p>7.&nbsp;&nbsp; &nbsp;All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator &nbsp;to be appointed 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 thirty (30) days after having been required in writing so to do by either of the parties or in case or disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator or arbitrators or umpire shall be a condition precedent to any right of &nbsp;action against the company.</p>\n\n<p>8. &nbsp; If the proposal or declaration of the Insured is not true in any material respect, or if a claim is in any respect &nbsp; fraudulent, or if any false declaration &nbsp;is made or used in support thereof, or if any fraudulent means or devices are used by the Insured or any acting on his behalf &nbsp;to obtain any benefit under this Policy, or if a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection, or in case of arbitration taking place as provided herein,, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purpose be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p>9. &nbsp; If at the time any claim arises under this Policy there be any other insurance covering the same loss, damage or liability, the Insurers shall not be liable to pay or contribute more than their ratable proportion of any claim for such loss, damage or liability. &nbsp;If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in a like manner.</p>\n\n<p>10. &nbsp; This insurance may be terminated at the request of the insured at any time, in which case the Insurers will retain the customary short-period rate for the time this Policy has been in force. &nbsp;This insurance may equally be terminated at the option of the Insurers by seven days? notice to that effect being given to the Insured in which case the Insurers shall be liable to repay a ratable proportion of the premium for the unexpired term from the date of cancellation.</p>\n\n<p>However, no notice of cancellation shall be effective unless it is based on the occurrence, after the effective date of the policy, of one or more of the following:</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;conviction of a crime arising out of acts increasing the hazard insured against;<br />\nb)&nbsp;&nbsp; &nbsp;discovery of fraud or material misrepresentation;<br />\nc)&nbsp;&nbsp; &nbsp;discovery of wilful or reckless acts or omissions increasing the hazard insured against;<br />\nd)&nbsp;&nbsp; &nbsp;physical changes in the property insured which result in the property becoming uninsurable; or<br />\ne)&nbsp;&nbsp; &nbsp;a determination by the Commissioner that the continuation of the policy would violate or would place the Insurer in violation of this Code.</p>\n\n<p>All notices of cancellation shall be in writing, mailed or delivered to the named Insured at the address shown in the policy, and shall state (a) which of the grounds set forth above is relied upon and (b) that, upon written request of the named Insured, the Insurer &nbsp;will furnish the facts on which the cancellation is based.</p>\n\n<p>Unless the Insurer at least forty-five days in advance of the end of the policy period mails or delivers to the named Insured at the address shown in the policy notice of its intention not to renew the policy or to condition its renewal upon reduction of limits or elimination of coverages, the named Insured shall be entitled to renew the policy upon payment of the premium due or the effective date of the renewal. &nbsp;Any policy written for a term of less than one year shall be considered as if &nbsp;written for a term of one year. &nbsp;Any policy for a term longer than one year or any policy with no fixed expiration date shall considered as if written for successive policy periods or &nbsp;terms of one year.</p>\n\n<p>&nbsp; &nbsp; 11. Under an insurance for a third party?s account the Beneficiary shall be entitled to exercise, in his own name, the rights of the Insured. Without obtaining the Insured?s approval, the Beneficiary shall further have the right to receive any indemnity paid under this Policy and to transfer the Insured?s rights even if the Beneficiary is not in possession of this Policy. &nbsp;Upon payment of an indemnity the Insurers may require evidence of the Beneficiary having given his consent to the insurance and of the Insured having &nbsp; given his consent to the receipt of an indemnity by the Beneficiary.</p>\n\n<p>12. The indemnity shall be payable one month after determination by the Insurers of the full amount due. &nbsp;Notwithstanding the above the Insured may, one month after the Insurers have been duly notified of the loss and have acknowledged their liability, claim as an installment the minimum amount payable under the prevailing circumstances. The running of the periods shall be suspended for the time during which the indemnity is unascertainable or not payable due to reasons within the Insured?s control.</p>\n\n<p>The Insurers shall be entitled to withhold indemnification.<br />\na)&nbsp;&nbsp; &nbsp;If &nbsp;there are doubts regarding the Insured&#39;s right to receive the indemnity, pending receipt by the Insurers of the necessary proof;&nbsp;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;If in connection with the claim an examination by the police or an inquiry under criminal law has been instituted against the Insured, pending completion of such examination or inquiry.</p>\n\n<p>N O T I C E</p>\n\n<p>The Insurance Commission, with offices in Manila, Cebu and Davao, is the government agency in charge of the faithful execution and enforcement of all laws relating to insurance and has supervision over insurance companies. &nbsp;That office is ready at all times to render assistance in settling any controversy between an Insurance Company and a Policyholder relating to insurance matters.</p>\n\n<p>For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</p>\n\n<p>CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads:</p>\n\n<p>&quot;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishments of the obligation shall be the basis of payment,&quot;. shall not apply in determining the extent of liability under the provisions of this Policy.</p>\n\n<p>SHORT PERIOD RATE SCALE</p>\n\n<p>IT IS HEREBY AGREED that, in the event of this Policy being surrendered by the Insured for cancellation, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in force:</p>\n\n<p>&nbsp;&nbsp; &nbsp;1 &nbsp;months or less 20% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;2 &nbsp;months or less 30% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;3 &nbsp;months or less 40% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;4 &nbsp;months or less 50% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; 5 &nbsp;months or less 70% of the Annual Rate &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; 7 &nbsp;months or less 75% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;8 &nbsp;months or less 80% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;9 &nbsp;months or less 85% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp;&nbsp; &nbsp;10 months or less 90% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; 11 months or less 95% of the Annual Rate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>\n\n<p>CHANGES IN POLICY CLAUSE</p>\n\n<p>None of the provisions and terms of the Policy shall be waived or altered except by endorsement signed by an authorized official of the Insurers and issued in accordance with the provisions of Section 50 of the Insurance Code, as amended.</p>\n\n<p>All applicable provisions of Presidential Decree No. 1460, otherwise known as the Insurance Code of 1978, &nbsp;as amended, as of the date of effectivity, &nbsp;latest renewal or latest reinstatement of this policy/ certificate/contract of insurance, as the case may be, and all existing laws obligatory upon insurance companies as may be pertinent are deemed incorporated in the policy/certificate /contract of insurance and will supersede any agreement/contract inconsistent therewith.</p>\n\n<p>Section I - Material Damage</p>\n\n<p>Scope of Cover<br />\nThe Insurers hereby agree with the Insured that if at any time during the period of insurance stated in the Schedule or during any subsequent period for which the Insured pays the premium for the renewal of this Policy, the items or any part thereof entered in the Schedule shall suffer any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement, the Insurers will indemnify the Insured in respect of such loss or damage as hereinafter provided by payment in cash, replacement, on repair (at their own option) up to an amount not exceeding in any one year of insurance in respect of each of the items specified in the Schedule the sum set opposite thereto and not exceeding in all the total sum expressed in the Schedule as insured hereby.</p>\n\n<p>Special Exclusions to Section 1</p>\n\n<p>The Insurers shall not, however, be liable for<br />\na)&nbsp;&nbsp; &nbsp;the deductible stated in the Schedule to be borne by the Insured in any one occurrence; if more than one item is lost or damaged in one occurrence, the Insured shall not, however, be called upon to bear more than the highest single deductible applicable to such items;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;loss or damage directly or indirectly caused by or arising out earthquake, volcanic eruption, tsunami, storm, typhoon, cyclone or hurricane;</p>\n\n<p>c)&nbsp;&nbsp; &nbsp;loss or damage directly or indirectly caused by theft;</p>\n\n<p>d)&nbsp;&nbsp; &nbsp;loss or damage caused by any faults or defects existing at the time of commencement of the present insurance within the knowledge of the Insured, or his representative, whether such faults or defects were known to the Insurers or not;</p>\n\n<p>e)&nbsp;&nbsp; &nbsp;loss or damage directly or indirectly caused by the failure or interruption of any gas, water or electricity service or supply;</p>\n\n<p>f)&nbsp;&nbsp; &nbsp;loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, incrustation) or of gradual deterioration due to atmospheric conditions;</p>\n\n<p>g)&nbsp;&nbsp; &nbsp;any costs incurred in connection with the elimination of functional failures unless such failures were caused by an indemnifiable loss of or damage to the insured items;</p>\n\n<p>h)&nbsp;&nbsp; &nbsp;any costs incurred in connection with the maintenance of the insured items, such exclusion also applying to part exchanged in the course of such maintenance operations;</p>\n\n<p>i)&nbsp;&nbsp; &nbsp;loss or damage for which the manufacturer or supplier of &nbsp;the insured items is responsible either by law or under contract;</p>\n\n<p>j)&nbsp;&nbsp; &nbsp;loss or damage to rented or hired equipment for which the owner is responsible either by law or under a lease and/or maintenance agreement;</p>\n\n<p>k)&nbsp;&nbsp; &nbsp;consequential loss or liability of any kind or description;</p>\n\n<p>l)&nbsp;&nbsp; &nbsp;loss of or damage to bulbs, valves, tubes, ribbons, fuses, seals, belts, wires, chains, rubbers tire, exchangeable tools, engraved cylinders, objects made of glass, porcelain or ceramics, sieves or fabrics, or any operating media (e.g. lubricating oil, fuel, chemicals);</p>\n\n<p>m)&nbsp;&nbsp; &nbsp;aesthetic defects such as scratches on painted, polished or enameled surfaces.</p>\n\n<p>In respect of the parts mentioned under 1) and m) above the Insurers shall be liable to provide compensations in the event that such parts are affected by an indemnifiable loss of or damage to the insured items.</p>\n\n<p>Provisions Applying to Section 1</p>\n\n<p>Memo 1 - Sum Insured</p>\n\n<p>It is a requirement of this insurance that the sum insured shall be equal to the cost of replacement of the insured items by new items of the same kind and same capacity which shall mean their replacement costs including e.g. freight, customs duties and dues, if any, and erection costs. If the sum insured is less than the amount &nbsp;required to be insured, the Insurers will pay only in such proportion as the sum insured bears to the amount required to be insured. &nbsp;Every item if more than one shall be subject to this condition separately.</p>\n\n<p>Memo 2 - Basis of Indemnity</p>\n\n<p>a) &nbsp;In cases where damage to an insured item can be repaired, the Insurers will pay expenses necessarily incurred to restore the damaged item to its former state of serviceability plus the cost of dismantling and re-erection incurred for the purpose of effecting the repairs as well as ordinary freight to and from a repairshop, customs duties and dues, if any, to the extent such expenses have been included in the sum insured. &nbsp;If the repairs are executed at a workshop owned by the Insured, the Insurers will pay the cost of materials and wages incurred for the purpose of the repairs plus a reasonable percentage to cover overhead charges. &nbsp;No deduction shall be made for depreciation in respect of parts replaced, but the value of any salvage will be taken into account.</p>\n\n<p>If the costs of repairs as detailed hereinabove equal or exceed the actual value of &nbsp;the insured items immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in b) below.</p>\n\n<p>b) &nbsp;In cases where an insured item is destroyed, the Insurers will pay the actual value of the item immediately before the occurrence of the loss, including costs for ordinary freight, erection, customs duties and dues, if any, to the extent such expenses have been included in the sum insured, such actual value to be calculated by deducting proper depreciation from the replacement value of the item. The Insurers will also pay any normal charges for the dismantling of the item destroyed, but the value of any salvage will be taken into account. &nbsp;The destroyed item shall no longer be covered under this Policy, and all necessary data on the relevant substitute item shall be indicated for its inclusion in the Schedule. &nbsp;(The Insurers may agree - by application of the relevant endorsement-to extend this insurance to cover reimbursement of the full replacement value.)</p>\n\n<p>As from the date of an indemnifiable occurrence the sum insured shall be reduced for the remaining of insurance by the amount of indemnity paid, unless the sum insured is reinstated.</p>\n\n<p>Any extra charges incurred for overtime, night-work, work on public holidays, or express freight, are covered by this insurance only if especially agreed in writing.</p>\n\n<p>The cost of any alterations, additions, improvements or overhauls shall not be recoverable under this Policy.</p>\n\n<p>The costs of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final repairs and do not increase the total repair expenses.</p>\n\n<p>The Insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 02:16:16', '2020-01-03 10:53:27', 169, 176),
(602, '1', 'ELE-FIR-END', 'ELECTRICAL FIRE ENDORSEMENT - DELETION OF POLICY CONDITIONS 8J', '<p>It is hereby declared and agreed, notwithstanding what is stated in the printed conditions of this policy to the contrary, that this insurance covers loss or damage to any electrical machine, apparatus or any portion of the electrical installation arising from or occasioned by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage of electricity from whatever cause (lightning included).&nbsp;</p>\n', '', 451, '', '2017-04-10 18:17:29', '2017-04-10 18:26:08', 2, 2),
(603, '1', 'EXT-FIR-EXP', 'EXTINGUISHING, FIRE FIGHTING EXPENSE CLAUSE/FIRE BRIGADE CHARGES', '<p>This policy extends to cover all expenses reasonably incurred by or on behalf of the Insured in extinguishing fore or in mitigating, containing or suppressing loss or damage by any peril hereby insured against occurring at or adjacent to or immediately threatening the situation of any property insured by this policy.</p>\n\n<p>The indemnity afforded by this memorandum shall include but not limited to the payment of wages to insured&#39;s employees (other than full time member of fire brigade), the cost of replenishing fire fighting appliances, the cost of replacing or reinstating fire extinguishing materials expended, and fire brigade charges and other extinguishing expenses for which the insured may be assessed.</p>\n\n<p>Provided the insurer&#39;s maximum liability under this memorandum shall not exceed the amount stated in the Policy Schedule per occurrence.<br />\n&nbsp;</p>\n', '', 452, '', '2017-04-10 18:19:25', '2019-07-15 09:47:43', 2, 194),
(604, '1', 'ELE-INJ-FIRE', 'ELECTRICAL INJURY BEING THE OVERHEATING OF ELECTRICAL AND ELECTRONIC EQUIPMENT WITHOUT ACTUAL IGNITION CLAUSE', '<p>IT IS HEREBY DECLARED AND AGREED that the Insured shall include loss or damage to the property insured arising from or occasioned by over running excessive pressure short circuiting, arcing, self-heating or leakage of electricity from electrical surge of otherwise including all loss or damage lightning to any electrical machine, apparatus or any portion of the electrical installations.</p>\n', '', 453, '', '2017-04-10 18:45:57', '2017-04-10 18:45:57', 2, 2),
(605, '1', 'ELE-LIFT-HOIST', 'ELEVATORS, LIFTS, AND HOIST CLAUSE', '<p>It is hereby declared and agreed that the words &quot;lifts&quot;&nbsp;and &quot;elevators&quot;&nbsp;are deemed to be deleted from Exclusion (a) of this policy.</p>\n\n<p>Provided always that:</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;The Company shall not be liable for any bodily injury or loss of or damage to property occurring outside the premises specified in the Policy.</p>\n\n<p>2.&nbsp;&nbsp; &nbsp;The Company shall not be liable for any bodily injury or loss of or damage to property causes by or in connection with or arising from the ownership or possession or use of any lift elevator or escalators insofar as such liability is covered by any other insurance.&nbsp;</p>\n\n<p>3.&nbsp;&nbsp; &nbsp;The liability of the Company under this Policy and Endorsement in respect of any bodily injury or loss of or damage to property shall not in any case exceed the limit of indemnity specified in this Policy.</p>\n', '', 454, '', '2017-04-10 18:47:54', '2020-01-14 13:15:42', 2, 194),
(607, '1', 'FIR-EQS', 'EARTHQUAKE SHOCK', '<p>GENERAL PROVISION</p>\n\n<p>1. &nbsp;Except as provided herein, the Tariff Rules and Regulations and all other Tariff stipulations and conditions which apply in connection with the ordinary Fire risk shall apply in the case of Earthquake risk, except in respect of surcharges, discounts for construction, the provisions of Fire Extinguishing Appliances and Sprinkler and LTA discount.</p>\n\n<p>INSURANCE AGAINST EARTHQUAKE SHOCK RISK ONLY</p>\n\n<p>Except as specially provided for hereunder, it is not permissible to cover loss or damage by shock occasioned by or through or in consequence of Earthquake except in conjunction with an equivalent insurance against Earthquake Fire risk.</p>\n\n<p>SPECIAL PROVISIONS</p>\n\n<p>Foundations, Outdoor Swimming Pool, Pier, Water Tanks, Underground Tanks and Self-contained Industrial Furnaces.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;It is permissible to cover foundations, outdoor swimming pool, pier, water tanks, underground tanks, and self-contained industrial furnaces against earthquake shock only under a separate item in the policy without an equivalent insurance against ordinary fire risk.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Foundations, outdoor swimming pool, pier, water tanks, underground tanks and self-contained furnaces not exposed to other risks may be covered for earthquake shock only.</p>\n\n<p>1. &nbsp; &nbsp; &nbsp;AVERAGE.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; If the property hereby insured shall on the occurrence of any loss or damage be collectively of greater value than the sum insured thereon, then the Insured shall be considered as being his own insurer for the difference and shall bear a ratable proportion of the loss accordingly. Every item, if more than one, of the policy shall be separately subject to the conditions.</p>\n\n<p>2. &nbsp; &nbsp; &nbsp; CONSEQUENTIAL LOSS.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;No consequential loss or damage of any kind or description nor any loss or damage caused by confiscation or willful destruction by Government or any Municipal or Local Authority is covered.</p>\n\n<p>3. &nbsp; &nbsp; &nbsp; &nbsp;EXCESS CLAUSE.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; IT IS UNDERSTOOD AND AGREED THAT the Insured shall bear that portion of the loss or damage caused by Earthquake to each affected item of insured property equivalent to 2% of its actual cash value at the time of loss, for each claim or series of claims arising out of one occurrence. For the purpose of this clause, the following shall be considered as separate items of insured property, regardless of what is indicated in the policy schedule:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1) &nbsp;Each building, including machinery, equipment and fixtures normal to its operation;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 2) &nbsp;All machinery and equipment contained in each building;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 3) &nbsp;All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in each building;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 4) &nbsp;All other contents contained in each building.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; All losses caused by earthquake or series of earthquake (whether continuous or sporadic and whether or not due to the same seismic conditions) during each period of 48 consecutive hours commencing from the first tremor shall be considered as arising out of one occurrence.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; In case of other insurances on the same item of property, this clause shall apply only once regardless of the number of policies or insurers.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; It is further understood and agreed that in the computation of the claims payable, Condition No. 20 (Average Clause) of this Policy shall apply after the application of the deductible provided herein.<br />\n&nbsp;</p>\n', '', 456, '', '2017-04-10 18:57:09', '2017-04-10 18:57:09', 2, 2),
(608, '1', 'FIR-AID-PAY', 'FIRST AID PAYMENTS', '<p>The company will pay all expenses incurred by the Insured for first aid to others at the time of an occurrence for bodily injury. But expenses to be paid under this policy shall be limited to as per policy schedule per person and as per policy schedule annual aggregate. For purposes of this clause, this also applies to the expenses arising from the immediate attention rendered by the Insured to third party such as immediate laboratory and medical test/x-rays and prescribed medicines directly related to such injury or food poisoning allegations. Provided further that the locations/premises to where the accident occurred have declared for coverage under this policy.</p>\n', '', 457, '', '2017-04-10 18:58:28', '2017-04-10 18:58:28', 2, 2),
(609, '1', 'FEA-WAR', 'FEA WARRANTY ', '<p>(This clause, followed by a list of appliances, is to be used on all policies where the rates are for risks provided with fire extinguishing appliances sufficient to quality for a discount under the FEA Scale of Allowances and provided with satisfactory and adequate water supply).</p>\n\n<p>&nbsp;</p>\n\n<p>Warranty that during the currency of this Policy, fire extinguishing appliances, as listed hereunder, shall be maintained in efficient workind order on the premises to which this Insurance applies.</p>\n\n<p>&nbsp;</p>\n\n<p>The undernoted appliances for the extinction of fire being kept on the premises insured hereby, and it being declared and understood that there in an ample and constant water supply with sufficient pressure available at all seasons for the same, it is hereby warranted that the said appliances shall be maintained in efficient working order during the currency of this policy and that there shall be trained private fire brigade on duty during the hours that any work, trade or process is carried out within the premises, during other hours at least the same number of security guards on duty must be capable of operating the available fire fighting facilities, be reason whereof, a discount of ____ percent is allowed on the premium chargeable under this Policy.&nbsp;&nbsp;</p>\n', '', 458, '', '2017-04-10 19:00:20', '2017-05-05 09:28:01', 2, 194),
(610, '1', 'FIRE-EXT-MIT', 'FIRE EXTINGUISHING AND MITIGATION COST CLAUSE (FOR FIGHTING EXPENSE CLAUSE)', '<p>IT IS HEREBY DECLARED AND AGREED that notwithstanding anything contained herein to the contrary this Policy extends to include:</p>\n\n<p>a) Wages of the Insured&#39;s employees other than full time members of a works fire brigade.</p>\n\n<p>b) The cost of replenishment of fire fighting appliances and destruction of or damage to materials (including employees clothing and personal effects) during process of fire fighting unless otherwise specifically insured.</p>\n\n<p>Provided always that the liability of the Company in respect of such wages and costs shall be limited to these necessarily and reasonably incurred in extinguishing fires at or adjoining the situation of the property insured by this Policy or immediately threatening to involve such property.</p>\n\n<p>The limit of the Company&#39;s liability under this clause shall not exceed the amount stated in the Policy Schedule.</p>\n', '', 459, '', '2017-04-10 19:01:41', '2017-04-10 19:01:41', 2, 2),
(611, '1', 'FIR-FIG-EXP-100M', 'FIRE FIGHTING EXPENSE - PS 100,000.00 AGGREGATE LIMIT', '<p><br />\nInsurance agree to pay for Fire Fighting Expenses necessarily and reasonably incurred by the Insured&#39;s to prevent or minimized the extent of any insured destruction of or damage to the insured property including the cost of materials expanded but excluding salaries, wages and similar disbursements to own personnel or personnel on contract or secondment to the insured&#39;s and only to the extent that such expenses are not recoverable from a public authority or any other party.</p>\n\n<p>The cover provided that this extension is limited to the AMOUNT STATED ABOVE and it is agreed and understood that any payment under this extension shall not increase Insurers&#39; total liability under the policy.&nbsp;</p>\n', '', 460, '', '2017-04-10 19:04:40', '2017-04-10 19:04:40', 2, 2),
(612, '1', 'SLAEC', 'SANCTIONS LIMITATION AND EXCLUSION CLAUSE', '<p>No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union United Kingdom or United Stated of America.</p>\n', '', 450, '', '2017-04-10 19:15:58', '2017-04-10 19:15:58', 169, 169),
(613, '1,2', 'LAUE', 'LOADING AND UNLOADING ENDORSEMENT', '<p>IT IS HEREBY DECLARED AND AGREED that this Policy is extended to indemnify the insured against the legal liability in respect of bodily injury and/or damage property.</p>\n\n<p>1. &nbsp;&nbsp; &nbsp;Arising out of and in course of loading or unloading operations from stationary vehicle including delivery or collection of the load from or to the vehicle.<br />\n2. &nbsp;&nbsp; &nbsp;Caused by any article or part of the falling from the vehicle whilst in transit. Subject otherwise to the terms, exceptions and conditions of this Policy.&nbsp;</p>\n', '', 450, '', '2017-04-10 19:31:19', '2018-11-20 11:07:34', 169, 215),
(614, '1', '72HRS', 'POLLUTION AND CONTAMINATION CAUSED BY SUDDEN AND ACCIDENTAL MEANS (WITHIN 72 HOURS)', '<p>Notwithstanding Exception 13 and subject to payment of additional premium, IT IS HEREBY UNDERSTOOD and AGREED that the Policy extends to cover:</p>\n\n<p>Bodily Injury or Property Damage arising out of the discharge, dispersal, release, or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquid or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water when such discharge, dispersal, release or escape meets all six (6) of the following conditions:</p>\n\n<p>1. &nbsp;&nbsp; &nbsp;The discharge, dispersal, release or escape must be neither expected or intended by the Insured; and<br />\n2. &nbsp;&nbsp; &nbsp;The beginning of the discharge, disposal, release or escape must take place during the policy period; and<br />\n3. &nbsp;&nbsp; &nbsp;The discharge, dispersal, release or escape must be physically evident to the Insured or other parties within 72 hours of the beginning of the discharge, dispersal, release or escape; and<br />\n4. &nbsp;&nbsp; &nbsp;Bodily Injury or Property Damage caused by the discharge, dispersal, release or escape must ensure within 72 hours of the beginning of the discharge, dispersal, release or escape; and<br />\n5. &nbsp;&nbsp; &nbsp;All claims made against the Insured under this Extension must be reported to the Company as soon as practicable but not later than 60 days after expiry of policy.<br />\n6. &nbsp;&nbsp; &nbsp;Provided that the Insured can prove that the discharge, dispersal, release or escape occurred within the Policy period, this Extension shall cover claims which have not been made against the Insured as per condition 5 of this Extension but such claim s should be made against the Insured and reported to the Company not later than two (2) years after the expiry of the Policy.</p>\n\n<p>ADDITIONAL DEFINITION PARTICULAR TO THIS EXTENSION</p>\n\n<p>The term &quot;release&quot; includes, but is not limited to any: spilling, leaking, pumping, pouring, emitting, emptying, injecting, dumping, or disposing.</p>\n\n<p>ADDITIONAL CONDITION PARTICULAR TO THIS EXTENSION</p>\n\n<p>If the Insured and the Company should disagree with regard to when a discharge, dispersal, release or escape begins or becomes evident, the burden of proving that all six (6) enumerated conditions are met rests with the Insured, at the Insured&#39;s own expense. Until such proof is accepted by the Company, the Company may defend any claim but is not obligated to do so.</p>\n\n<p>EXCEPTION PARTICULAR TO THIS EXTENSION<br />\nThis EXTENSION does not cover liability of the Insured arising from the Products exported to the United States, U.S. Territories, and/or Canada.</p>\n\n<p>EXCLUDES XXXXXX transformer exposures</p>\n\n<p>LIMIT OF LIABILITY - as per policy schedule</p>\n\n<p>This Extension is subject to all the terms, conditions and exceptions of the Policy which are not inconsistent herewith.</p>\n', '', 450, '', '2017-04-10 19:36:42', '2017-04-10 19:36:42', 169, 169),
(615, '1', 'CLAG', 'CLARIFICATION AGREEMENT', '<p>Property damage covered under this Agreement shall mean physical damage to the substance of Property. Physical damage to the substance of property shall not include damage to data of software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure.</p>\n\n<p>Consequently the following are excluded from this Agreement:</p>\n\n<p>A. Loss or damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss or damage to data or software which is the direct consequence of insured physical damage to the substance of property shall be covered.</p>\n\n<p>B. Loss or damage resulting from an impairment in the function, availability, range of use or Accessibility of data, software or computer programs, and any business interruption losses resulting from such loss or damage.<br />\n&nbsp;&nbsp;</p>\n', '', 450, '', '2017-04-10 19:40:37', '2017-04-10 19:40:37', 169, 169),
(616, '1', 'OIA', 'OTHER INSURANCES ALLOWED', '<p>OTHER INSURANCE ALLOWED, the amount of which is to be declared in the event of loss or when required.&nbsp;</p>\n', '2,3,4,5,6,9,10,7,8,11,12,13,76,23,24,25', 450, '', '2017-04-10 20:48:59', '2017-05-10 13:33:47', 169, 169),
(618, '1', 'POA', 'PAYMENT ON ACCOUNT', '<p>Subject otherwise to the terms and conditions of this policy, underwriters agree to make a payment on account of up to the amount Stated in the Policy Schedule of the claim subject to;</p>\n\n<p>a. It being established that the loss is indemnifiable under the policy;<br />\nb. Documents being produced by the Insured to reasonably support their claim; and the payment being recommended by the appointed loss and fully supported by their report.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 22:53:20', '2017-04-10 22:53:20', 169, 169),
(619, '1,6', 'PREMP', 'PREMISES MEDICAL PAYMENTS', '<p>IT IS HEREBY DECLARED and AGREED that the Policy is extended to cover PREMISES MEDICAL PAYMENTS, subject to the following terms and conditions:</p>\n\n<p>INSURING AGREEMENT</p>\n\n<p>The Company will pay to or for each person, who sustains bodily injury caused by accidents, all reasonable medical expenses incurred within 1 year from the date of accident on account of such bodily injury provided such bodily injury arises out of:<br />\n&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;conditions in the insured premises<br />\n&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;operation with respect to which the named Insured is afforded coverage for Bodily Injury Liability under the Policy.<br />\n&nbsp;&nbsp; &nbsp;c. &nbsp;&nbsp; &nbsp;the ownership, maintenance, operation, use, loading or unloading of any elevator/escalator.&nbsp;</p>\n\n<p>LIMITS OF LIABILITY</p>\n\n<p>The liability of the Company for all Medical Payments under this Endorsement shall not exceed the following limits:</p>\n\n<p>AS PER POLICY SCHEDULE</p>\n\n<p>EXCEPTIONS PARTICULAR TO PREMISES MEDICAL PAYMENTS&nbsp;<br />\nThe Company shall not be liable for claims in respect of:</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;Bodily Injury arising out of the ownership, maintenance, operation, use, loading or unloading of:<br />\n&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;any automobile or aircraft owned or operated by or rented or loaned to the named Insured, or<br />\n&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;any other automobile or aircraft owned or operated by any person in the course of his employment by the Insured;<br />\nbut this exception 1 does not apply to the parking of an automobile on the Insured premises, if such automobile is not owned by or rented or loaned to the named Insured.<br />\n2.&nbsp;&nbsp; &nbsp;Bodily Injury arising out of the ownership, maintenance, operation, use, loading or unloading of any watercraft, if the bodily injury occurs away from the insured premises.<br />\n3.&nbsp;&nbsp; &nbsp;Bodily Injury arising out of and in the course of the transportation of mobile equipment by an automobile owned or operated by or rented or loaned to the named Insured.<br />\n4.&nbsp;&nbsp; &nbsp;Bodily Injury included within the completed operations hazard or the product hazard.<br />\n5.&nbsp;&nbsp; &nbsp;Bodily Injury arising out of operations performed for the named Insured by independent contractors other than<br />\n&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;maintenance and repair of the Insured premises or<br />\n&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;structural alterations at such premises which do not involve changing the size or moving building or other structures.<br />\n6.&nbsp;&nbsp; &nbsp;Bodily Injury resulting from the selling, serving or giving of any alcoholic beverage<br />\n&nbsp;&nbsp; &nbsp;a. &nbsp;&nbsp; &nbsp;in violation of any statute, ordinance or regulations<br />\n&nbsp;&nbsp; &nbsp;b. &nbsp;&nbsp; &nbsp;to a minor<br />\n&nbsp;&nbsp; &nbsp;c. &nbsp;&nbsp; &nbsp;to a person under the influence of alcohol or<br />\n&nbsp;&nbsp; &nbsp;d. &nbsp;&nbsp; &nbsp;which causes or contributes to the intoxication of any person, but this Exception 6 applies only if the named Insured is a person or organization engaged in the business of manufacturing distributing, selling or serving alcoholic beverages or is an owner or lessor of premises used for such purposes.<br />\n7. &nbsp;&nbsp; &nbsp;Bodily Injury due to war, whether or not declared, civil war, insurrection, rebellion, revolution or terrorist action, or to any act or condition incident to any of the foregoing.<br />\n8.&nbsp;&nbsp; &nbsp;Bodily Injury to the named Insured, any partner therein, any tenant or other person residing on the insured premises or any employee of any of the foregoing if the bodily injury arises out of and in the course of his employment therewith.<br />\n9.&nbsp;&nbsp; &nbsp;Bodily Injury to any other tenant if the bodily injury occurs on that part of the insured premises rented from the named insured or to any employee of such a tenant if the bodily injury occurs on the tenant&#39;s part of the insured premises and arises out of and in the course of his employment for the tenant.<br />\n10. &nbsp;&nbsp; &nbsp;Bodily Injury to any person if any benefits for such bodily injury are payable or required to be provided under any workmen&#39;s compensation or disability benefits law, or under similar law.<br />\n11. &nbsp;&nbsp; &nbsp;Bodily Injury to any person practicing, instructing or participating in any physical training sport, athletic activity or contest unless specifically covered under this Endorsement.<br />\n12. &nbsp;&nbsp; &nbsp;Medical Expense for services by the name Insured, any employee thereof or any person or organization under contract to the named Insured to provide such services.</p>\n\n<p>ADDITIONAL DEFINITIONS:<br />\nWhen used in reference to this Endorsement:</p>\n\n<p>&quot;INSURED PREMISES&quot; means all premises owned by or rented to the named Insured with respect to which the named Insured is afforded coverage for Bodily Injury liability under the POLICY, and includes the ways immediately adjoining on land.<br />\n&quot;MEDICAL EXPENSE&quot; means expenses for necessary medical, surgical, X-ray and dental services, including prosthetic devices, and necessary ambulance, hospital, professional nursing and funeral services.</p>\n\n<p>ADDITIONAL CONDITION:</p>\n\n<p>Medical Reports, Proof and Payment of Claim</p>\n\n<p>As soon as practicable, the injured person or someone on his behalf shall give the Company written proof of claim, under oath if required, and shall, after each request from the Company, execute authorization to enable the Company to obtain medical reports and copies of records. The injured person shall submit to physical examination by physicians selected by the Company when and as often as the Company may reasonably require. The Company may pay the injured person or any person or organization rendering the services and the payment shall reduce the amount payable under this Endorsement for such injury. Payment hereunder shall not constitute an admission of liability of any person or, except hereunder, of the Company.</p>\n\n<p>Nothing herein contained shall be held to vary, alter, waive or extend any of the Definitions, Conditions, Declarations, Exclusions, Limitations or Terms of the Policy except as herein above set forth.<br />\n&nbsp;</p>\n', '', 450, '', '2017-04-10 22:54:12', '2021-05-27 18:22:33', 169, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(620, '1', 'PREX', 'PROPERTY RELATED EXTENSIONS', '<p>PROPERTY RELATED EXTENSIONS</p>\n\n<p>A. Professional Fees Clause - policy covers Architects, Supervisors and Consulting Engineers Fee up to Php50,000.00, necessarily incurred in the reinstatement of the property insured, upon its damage or destruction by fire or any peril hereby insured against.</p>\n\n<p>B. Alternative Accommodation Clause - Policy covers rentals necessarily insurred in the leased of alternative accommodation up to Php25,000.00 per month for a maximum of three (3) months, if such alternative accommodation become necessary due to the property insurred becoming uninhabitable upon damage or destruction by fire or any perils hereby insured against.</p>\n\n<p>C. Automatic Reinstatement Clause - The total original limits of the policy are once again in effect after loss has been paid.</p>\n\n<p>D. Alteration and Repair Clause - Workmen are allowed to work in, on or around the premises for the purpose of completing minor additions and/or alterations and/or decorations nd repairs without prejudice to this insurance.&nbsp;</p>\n', '', 450, '', '2017-04-10 22:58:21', '2018-01-10 13:48:39', 169, 202),
(621, '1', 'PROLL', 'PROFESSIONAL LIABILITY EXCLUSION', '<p>IT IS AGREED that no coverages under this policy apply to any damages arising out of any act, error, omission, malpractice or mistake of a professional nature committed by the insured or any person for whom the insured is legally responsible.</p>\n', '', 450, '', '2017-04-10 22:59:00', '2017-04-10 22:59:00', 169, 169),
(622, '1', 'PSA', 'PLEASE SEE ATTACHED CLAUSES AND WARRANTIES', '<p>PLEASE SEE ATTACHED CLAUSES AND WARRANTIES</p>\n', '', 450, '', '2017-04-10 23:07:34', '2017-04-10 23:07:34', 169, 169),
(623, '1', 'FOE', 'FAILURE OF EQUIPMENT', '<p>It is noted and agreed that this insurance shall not be in validated in the event of the failure of any detection, protection and/or extinguishment system due to any defect in the said system or any cause extraneous to the premises or, in the case of Goods in Transit, to the vehicle unknown to or beyond the control of the Insured, provided that all the reasonable precautions have been taken by the Insured to prevent such failure, and provided that notice is given to the Insurer as soon practicable.</p>\n\n<p>The Insured shall use due diligence in keeping in good order all their works, machinery and the like but it is understood and agreed that in the event of any damage being caused or increased by any deficiencies in works machinery and the like, this Insurance shall not be prejudiced thereby and shall continue to apply in its entirely.</p>\n', '', 461, '', '2017-04-10 02:00:16', '2018-09-05 11:06:36', 2, 194),
(624, '1', 'GLHLC', 'CGL- HANTEX LAND CORPORATION', '<p>PERILS COVERED :&nbsp;&nbsp; &nbsp;<br />\n==============</p>\n\n<p>Fire and lightning, Earthquake, Typhoon, Flood, Extended Cover&nbsp;<br />\n(Smoke, Explosion, Vehicle impact, Falling Aircraft), Riot, Strike and&nbsp;<br />\nMalicious Damage, Broad Water Damage, Sprinkler Leakage, Landslide<br />\nAnd Subsidence, Bursting and/or Overflowing of Water Tanks, Pipes and&nbsp;<br />\nOther Apparatus.</p>\n\n<p>SUPPLEMENTARY COVERS:<br />\n=====================</p>\n\n<p>(All limits are for 100% of the cover and this policy&#39;s share is 25.0% of these limits)</p>\n\n<p>Machinery Breakdown<br />\n--------------------</p>\n\n<p>Insured Property - On Machinery of the insured (list to be submitted)</p>\n\n<p>Limit &nbsp;of Ps 5,000,000.00 Annual Aggregate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />\nPlate Glass Insurance&nbsp;<br />\n---------------------</p>\n\n<p>Against &quot;breakage&quot; of glass panels permanently installed at the&nbsp;<br />\nname insured&#39;s declared premises due to any cause</p>\n\n<p>Limit of Ps 2,000,000.00 Annual Aggregate</p>\n\n<p>Comprehensive General Liability<br />\n-------------------------------</p>\n\n<p>Division 1 - Premises/Operations<br />\nThe named insured&#39;s ownership, maintenance or use of its<br />\nbusiness premises:</p>\n\n<p>Limit of Liability : Ps 5,000,000.00 &nbsp;Combined Single Limit for Third Party Bodily Injury &amp; Property Damage any one occurrence and aggregate limit.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>\n\n<p>Division II&nbsp;&nbsp; &nbsp;: &nbsp; Elevator<br />\nThe named insured&#39;s ownership, maintenance or used of all its elevator within the insured declared premises.</p>\n\n<p>Extension of Cover:<br />\n-------------------</p>\n\n<p>Car Park Liability / Valet Parking Liability<br />\n&nbsp;Ps &nbsp; &nbsp;500,000.00 per vehicle<br />\n&nbsp;Ps 2,500,000.00 aggregate limit</p>\n\n<p>Group Personal Accident&nbsp;<br />\nPs 250,000.00 - Annual aggregate for five (5) named person<br />\n&nbsp; (Ps 50,000.00 A &amp; B &amp; Ps 5,000 MR)(covering five (5) Board of Directors and &nbsp;Admin. Staff)</p>\n\n<p>DEDUCTIBLES : &nbsp;&nbsp; &nbsp;<br />\n============</p>\n\n<p>(All limits are for 100% of the cover, this policy&#39;s share is 25.0% of these limits)</p>\n\n<p>Earthquake, Typhoon &amp; Flood &nbsp;<br />\n- 2% of the actual cash value of the property affected at&nbsp;<br />\nthe time of loss for each claim or series of claims arising out of one occurrence.</p>\n\n<p>Extended Coverage&nbsp;<br />\n- 1% of the sum insured of the property affected item/s but not &nbsp;<br />\nless than P1,000.00 nor more than P500,000.00&nbsp;</p>\n\n<p>Riot, Strike &amp; Malicious Damage, Broad Water Damage, Sprinkler Leakage,&nbsp;<br />\nLandslide and Subsidence, Bursting and/or overflowing of Water Tanks,&nbsp;<br />\nPipes and other Apparatus - Ps 25,000.00 each and every loss.</p>\n\n<p>Machinery Breakdown&nbsp;<br />\n- 5% of loss, minimum of Ps 50,000.00 each and every loss.</p>\n\n<p>Plate Glass Insurance<br />\n- Ps 10,000.00 for each and every loss.</p>\n\n<p>Comprehensive General Liability -<br />\nIn respect of car park/valet parking liability claim/s<br />\n- Ps 5,000.00 per vehicle each and every Third Party Claim</p>\n\n<p>In respect of all other covered claim/s&nbsp;<br />\n- 5% of each and every Third Party Claim, minimum of Ps 2,000.00</p>\n\n<p>OTHER CONDITIONS :&nbsp;<br />\n=================</p>\n\n<p>Applicable to Property Damage</p>\n\n<p>(All limit are for 100% of the cover, this policy&#39;s share is 25.0% of these limits)</p>\n\n<p>- Act of Civil and Military Authority<br />\n- All Other &nbsp;Contents - Ps 1,000,000.00<br />\n- Alteration and Repairs Clause - Ps 1,000,000.00<br />\n- Appraisement Clause - Ps 1,000,000.00<br />\n- Appointed Loss Adjusters (Dela Merced Adjustment Corp.)<br />\n- Average Relief Clause (90%)<br />\n- Automatic Extension of Insurance (30 days subject to additional premium)<br />\n- Automatic Increase Clause - limit of 10% of sum insured - &nbsp;60 days&nbsp;<br />\n- Automatic Reinstatement of Sum Insured&nbsp;<br />\n- Breach of Contract and Warranties&nbsp;<br />\n- Broad Water Damage Endorsement<br />\n- Bursting and/or Overflowing of Water Tanks, Apparatus and Pipes<br />\n- Capital Additions Clause - limit of 10% of sum insured - &nbsp;60 days<br />\n- Debris Removal Clause - Ps 1,000,000.00<br />\n- Designation Clause<br />\n- Documentary Stamps Advisory<br />\n- Earthquake Fire / Earthquake Shock Endorsement<br />\n- Electrical Fire Clause (deletion of Condition 8)<br />\n- Extinguishment &amp; Mitigation Expense Clause - Ps 1,000,000.00<br />\n- Expediting Expense Clause - Ps 1,000,000.00<br />\n- Extended Coverage&nbsp;<br />\n- Fire Extinguishing Appliances Warranty<br />\n- Fire Brigade Charges - Ps 1,000,000.00 aggregate limit<br />\n- Fire Fighting Expense - Ps 1,000,000.00 aggregate limit<br />\n- Flood Endorsement<br />\n- Mis description Clause<br />\n- Mold and Fungi Endorsement<br />\n- No Control Clause<br />\n- Other Interest Clause<br />\n- Outbuilding Clause - Ps 500,000.00<br />\n- Privileges Granted<br />\n- Property under Care, Custody and Control - Ps 500,000,00 aggregate limit<br />\n- Property Damage Clarification Clause<br />\n- Professional Fees - Ps 1,000,000.00 aggregate limit<br />\n- Public Authorities<br />\n- Reinstatement Value Endorsement<br />\n- Restoration of Records (Ps 5,000.00 per doc/Ps 200,000.00 aggregate limit)<br />\n- Riot, Strike and Malicious Damage Endorsement<br />\n- Seepage Pollution and Contamination Exclusion Clause<br />\n- Services Clause<br />\n- Sprinkler Leakage Endorsement<br />\n- Sue and Labor<br />\n- Temporary Removal Clause - Ps 1,000,000.00 aggregate limit<br />\n- Total Asbestos Exclusion Clause<br />\n- Vehicle Load (P500,000.00)</p>\n\n<p>Applicable to Comprehensive Gen. Liability<br />\n==========================================</p>\n\n<p>- Aggregate Limit Endorsement<br />\n- Legal, Supplementary Cost Inclusive<br />\n- War and Terrorism Exclusion Endorsement<br />\n- Jurisdiction Clause (Philippines)</p>\n\n<p>Applicable to All Sections<br />\n==========================</p>\n\n<p>- Clarification Agreement<br />\n- War and Terrorism Exclusion Endorsement<br />\n- Mold and Fungi Endorsement<br />\n- Industries, Seepage, Pollution and Contamination Clause<br />\n- Nuclear Exclusion Clause<br />\n- Transmission &amp; Distribution Lines Exclusion<br />\n- Political Risk Exclusion Endorsement<br />\n- Electronic Data and Internet Endorsement<br />\n- Radioactive Exclusion Clause<br />\n- Total Asbestos Exclusion Clause<br />\n- Premium Payment Clause</p>\n\n<p>Additional Exclusion:<br />\n=====================</p>\n\n<p>In Respect of Plate Glass<br />\n- Loss/Damage due to Fire and Explosion&nbsp;<br />\n- Loss due to war, invasion, act of foreign enemy, hostilities (whether war be declared or not), Civil, war, revolution, insurrection or military unsurped power<br />\n- Any loss/damage due to Scratches and other similar &quot;aesthetic damages&quot;</p>\n\n<p>COMPREHENSIVE GENERAL LIABILITY</p>\n\n<p>Notwithstanding anything stated to the contrary, this Policy does NOT cover :</p>\n\n<p>1. &nbsp; &nbsp; Any legal liability whatsoever caused by convulsion of nature including, but not limited to earhquake, typhoon, flood, thunderstorms, rainshowers and other similar occurences.</p>\n\n<p>2. &nbsp; &nbsp;PRODUCTS LIABILITY<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damage caused by the nature, condition or quality of the Insured&#39;s Product after thay have ceased to be in the actual physical custody or under the control of the Insured.</p>\n\n<p>3. &nbsp; &nbsp;PROFESSIONAL LIABILITY<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Claims arising out of a breach of the duty owed in a professional capacity by the Insured and/ or person whose breaches of such duty the Insured may be legally liable thereof . Consequently, it is hereby understood and agreed that the Insurer shall not be liable for claims in respect of :<br />\na. Any welfare, first aid or emergency treatment provided by the Insured on the Insured&#39;s promises;<br />\nb. Bodily Injury or Property Damage occurring as a consequence of faulty or wrongful advice rendered by the Insured;<br />\nc. Property Damage to any property or product for which the Insured provided any design, plan specification, formula and/ or pattern;&nbsp;<br />\nd. The direct or indirect activities of the Insured acting as a consultant or professional adviser to render services or to provide design, plan specification, formula and/ or pattern;<br />\ne. Bodily Injury and/ or Property Damage of any firm, group or interest:<br />\n&nbsp; &nbsp; &nbsp;(i) &nbsp; owned, controlled or managed by the Insured, or<br />\n&nbsp; &nbsp; &nbsp;(ii) &nbsp; which owns, controls or manages the Insured&#39; s business.</p>\n\n<p>4. &nbsp; ABSOLUTE POLLUTION LIABILITY<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damge arising out of the discharge, dispersal, release or escape of smoke, vapor, soot, fumes, acids, alkalis, toxic chemical, liquid or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. The Insurer shall not be liable for any cost or expense arising out of any governmental demand or request that an Insured test for, assess, monitor, clean- up, remove, contain, treat, detoxify or neutralize any such irritants, contaminants or pollutants. The Insurer shall not have the duty to defend any claim or suit seeking to impose such cost, expense, liability for such damages, or any other relief.</p>\n\n<p>5. &nbsp; RADIOACTIVE CONTAMINATION<br />\n&nbsp; &nbsp; &nbsp; Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from:<br />\na. &nbsp; Ionizing radiation or contaminationby radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel, and/ or<br />\nb. &nbsp; The radioactive, toxic, explosive or other hazardous properties or any explosive nuclear assembly or nuclear component thereof ;<br />\nc. &nbsp; Nuclear weapons materials.</p>\n\n<p>For the purpose of this Exception only, combustion shall include any self- sustaining process of nuclear fission.</p>\n\n<p>6. &nbsp; ASBESTOS<br />\n&nbsp; &nbsp; &nbsp; Bodily Injury or Property Damage caused by or arising directly or indirectly out of or in connection with:<br />\na. &nbsp;Any mining, handling, processing, manufacture, sale, transport, distribution, storage or use of asbestos, asbestos product or asbestos contained in any product;<br />\nb. &nbsp;Any installation, removal or treatment of asbestos materials.</p>\n\n<p>7. &nbsp; FINES OR PENALTIES/ PUNITIVE/ EXEMPLARY DAMAGES<br />\n&nbsp; &nbsp; &nbsp; Claims for fines or penalties imposed by statutes or regulations, and any punitive/ exemplary damages whatsoever.</p>\n\n<p>8. &nbsp; WAR<br />\n&nbsp; &nbsp; &nbsp; Any consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power, terrorism and subversion.</p>\n\n<p>9. &nbsp; EMPLOYER&#39;S LIABILITY<br />\n&nbsp; &nbsp; &nbsp; Bodily Injury to any Employee in the service of the Insured or claiming compensation from the Insured under any workman&#39;s compensation law or similar legislation as a workman in the service of the subcontractor of the Insured.</p>\n\n<p>10. &nbsp;CONTRACTUAL LIABILITY<br />\n&nbsp; &nbsp; &nbsp; &nbsp;a. Any liability that may arise out of the non- performance, non- completion or delay in completion of any contract or agreement or the payment of penalty sum, fines, or liquidated damages;<br />\n&nbsp; &nbsp; &nbsp; &nbsp;b. Any liability assumed by the Insured under any contract, warranty or agreement unless such liability would have attached to the Insured notwithstanding such contract, warranty, or agreement;<br />\n&nbsp; &nbsp; &nbsp; &nbsp;c. &nbsp;Any liability assumed by the Insured under any contract, warranty or agreement by reason of waiver or limitation of the Insured&#39;s right of recovery against any other party.</p>\n\n<p>11. &nbsp;INTENTIONAL ACT OF THE INSURED<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Bodily Injury or Property Damage expected or intended from the standpoint of the Insured.</p>\n\n<p>12. &nbsp;LIABILITY FOR PROPERTY UNDER CARE, CUSTODY, CONTROL<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Property Damage to property owned or in the care, custody or legal control of the Insured, or property upon which the Insured is or has been working on.</p>\n\n<p>13. &nbsp;AUTOMOBILE LIABILITY<br />\n&nbsp; &nbsp; &nbsp; The ownership, possession, or use of any mechanically propelled vehicle, except the use within the Insured&#39;s premises of a vehicle which is not licensed for road use and which is not subject to compulsory insurance requirement, whether such insurance is effected or not.</p>\n\n<p>14. &nbsp;WATERCRAFT, AIRCRAFT, OIL DRILLING PLATFORM<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Physical Damage to watercraft or aircraft and Bodily Injury or Property Damage caused by or arising directly or indirectly out of or in connection with:<br />\n&nbsp; &nbsp; &nbsp; &nbsp;a. &nbsp;the ownership, existence, use, operation, loading or unloading by or on behalf of the Insured of&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;- any watercraft, aircraft, hovercraft, oil drilling platform or rig,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;- any premises for the purpose of an airport or aircraft landing strip and all operations necessary or incidental thereto, or</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;b. &nbsp; The repair, maintenance, servicing of or installation work in or on any watercraft. aircraft or other aerial device, oil drilling platform or rig.</p>\n\n<p>15. &nbsp;VIBRATION, REMOVAL OR WEAKENING OF SUPPORT<br />\n&nbsp; &nbsp; &nbsp; &nbsp; Bodily Injury or Property Damage caused by or arising from damage to land, building, or other structures due to pile driving, subsidence or demolition, or resulting from the removal or weakening of support to such land, building or other structures, or claims arising in consequence of such damage.</p>\n\n<p>16. &nbsp;PREGNANCY/ FETUS<br />\n&nbsp; &nbsp; &nbsp;a. &nbsp;Any injury caused by products whose main function is to prevent, induce or sustain pregnancy,<br />\n&nbsp; &nbsp; &nbsp;b. &nbsp;Abnormalities in pregnancy, injury to or anomalies of the ovum, embryo or fetus, congenital anomalies or diseases resulting from any product whatsoever.</p>\n\n<p>All other terms &amp; conditions remain the same.&nbsp;</p>\n', '', 462, '', '2017-04-10 02:00:16', '2017-12-20 17:17:53', 2, 194),
(625, '1,6', 'INLEX', 'INNKEEPER''S LIABILITY EXTENSION', '<p><br />\nNotwithstanding anything contained within the Policy to the contrary, and subject to payment of additional premium, it is hereby declared and agreed that the coverage of this Policy is extended to include &quot;Innkeeper&#39;s Legal Liability&quot; coverage.</p>\n\n<p>The Company will pay to or on behalf of the Insured all sums which the Insured shall become obligated to pay as damage because of loss of property belonging to a guest at the Insured&#39;s premises if such occurs while such property is within the Insured&#39;s premises or in the possession of the Insured and the Company shall have the right and duty to defend any suit against the Insured seeking damages or account of such loss. &nbsp;This Policy extends to cover the Insured up to (per policy schedule) per occurrence and in the annual aggregate.</p>\n\n<p>This coverage, however, excludes loss</p>\n\n<p>1. &nbsp;For which the Insured has released any other person or organization from him or its legal liability</p>\n\n<p>2. &nbsp;To any articles carried or held by a guest as samples or for sale for delivery after sale;</p>\n\n<p>3. &nbsp;To any vehicle or its equipment, accessories, appurtenances, or any property contained herein;</p>\n\n<p>4. &nbsp;Properties which are not in the custody or possession of the Insured or not otherwise surrender to the hotel for safekeeping.</p>\n', '', 463, '', '2017-04-10 02:00:16', '2021-05-27 18:23:08', 2, 194),
(626, '1', 'IW4', 'INDUSTRIAL WARRANTY IV', '<p>It is hereby declared and agreed that during the currency of this Policy, none of the following trades and/or industries or manufacture of the products listed shall be engaged in or carried on in the building to which this insurance applies nor in any building communicating therewith.</p>\n\n<p>Breach of this condition will render this Policy null and void.</p>\n\n<p>Bone Meal<br />\nCelluloid Processing<br />\nChemical Works Using Explosives Materials or Substances<br />\nCushions<br />\nExplosives<br />\nFiber Spinning of Plant Fibers<br />\nFiberglass - Reinforced Plastics<br />\nFire Works<br />\nFish Meal<br />\nFoam Plastics from Polystyrol and/or Polyurethane<br />\nFoam Rubber<br />\nKapok Mills<br />\nMatresses<br />\nPillows<br />\nQuilt Beds<br />\nRag Grinding and/or Processing&nbsp;<br />\nRubber Foam<br />\nSawmills (Ordinary)<br />\nScrap Paper Sorting and Pressing&nbsp;<br />\nUpholstery</p>\n', '', 464, '', '2017-04-10 02:00:16', '2017-05-05 12:08:08', 2, 194),
(627, '1', 'JURCL', 'JURISDICTION CLAUSE', '<p>Notwithstanding anything contained herein to the contrary, it is agreed that the indemnity provided hereto shall not apply to:</p>\n\n<p>a) compensation for damages in respects of judgements not in th first instance delivered by or obtained from a court of competent jurisdiction within the Republic of the Philippines.</p>\n\n<p>b) costs and expenses of litigation recovered by any claimant from the Insured which are not incurred in a recoverable in the republic of the Philippines.<br />\n<br />\nEXCEPTIONS&nbsp;</p>\n\n<p>This Policy does not cover:</p>\n\n<p>(a) Liability assumed by the Insured by agreement unless such liability would have attached to the Insured notwqithstanding such agreement.</p>\n\n<p>(b) Liability in respect of death or bodily injury including illness of any person arising out of and in the employment of such person by the Insured or to any person who is a member of the Insured&#39;s family ordinarily residing wiht the Insured.</p>\n\n<p>(c) Liability in respect of injury to any person who at the time of sustaining such injury persons or dependent under any Workmen&#39;s Compensation legislation.</p>\n\n<p>(d) Liability in respect of damage to property</p>\n\n<p>(i) Belonging to or in the charge or under the control of the Insured of any servant or agent of the Insured.</p>\n\n<p>)ii) Being that part of any goods or land or building or structure on which the Insured or any servant of the Insured is or has been working.</p>\n\n<p>(e) Liability in respect of injury or damage caused by or in connection with or arising from</p>\n\n<p>(i) The ownership or possession or use by or on behalf of the Insured or in any animal cycle vehicle, locomotive vessel of any kind, aircraft lift elevator, escalator crane hoist or other lifting machinery not specified in the Schedule under the heading of Plant.</p>\n\n<p>(ii) Flood, fumes or water pollution.</p>\n\n<p>(f) Liability in respect of or arising from damage to any land or property or building caused by vibration or by the removal or weakening of support.</p>\n\n<p>(g) Seepage, pollution or contamination including the cost of removing, nullifying or cleaning up seeping, pollution or contaminating substance.</p>\n\n<p>(h) Liability directly or indirectly caused by war invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war, mutiny, rebellion, revolution, insurrection, strike, riot, civil commotion, military or usurped power, or confiscation or desctruction by order or any government or public authority or any consequence thereof and in the event of any claim hereunder the Insured shall when so required by the Insurers prove that the loss or damage or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceble to any of the said occurrences or any consequence thereof and in default of such proof the Insurers shall not be liable to make any payment in respect of such a claim.</p>\n\n<p>(i) (i) Loss or desctruction of or damage to any property whatever or any loss or expense whatsoever resulting or arising there from or consequential loss.</p>\n\n<p>&nbsp; &nbsp;&nbsp;(ii) Any legal liability &nbsp;of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. &nbsp;For the purpose of this exclusion only combustion shall include any self-sustaining process of nuclear fission.</p>\n\n<p>(j) Loss, desctruction, damage or Legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.</p>\n\n<p>(k) Liability in respect of which the Insured is or would be but for the existence of this Policy be indemnified under any other policy of insurance. &nbsp;In such cases the indemnity under this Policy shall not apply until the full amount of indemnity under such other policy has been applied as fas as it shall be in satisfaction of the liability.</p>\n\n<p>(l) any amount or compensation for damages in respect or judgments not in the first instance delivered by or obtained from as court or competent jurisdiction within the Republic of the Philippines and costs and expenses of litigation recovered by any claimant from the Insured which are not incurred in and recoverable in the Republic of the Philippines.</p>\n\n<p>(m) Any fine or penalty improved upon the insured or any punitive or exemplary damage awarded against the Insured.</p>\n\n<p>&nbsp;</p>\n', '', 465, '', '2017-04-10 02:00:16', '2017-05-25 15:47:19', 2, 194),
(629, '1', 'LDC', 'LAND DEVELOPMENT CLAUSE', '<p>Property insured under this Policy includes landscaping improvements consisting of gravel or paved driveways, parking lots, lawns, bushes, plantings, trees and the like subject to a limit stated in the Policy Scheduled in annual aggregate.</p>\n', '', 467, '', '2017-04-10 02:00:16', '2017-05-26 15:28:01', 2, 194),
(630, '1', 'LDCL', 'LIGHTNING DAMAGE CLAUSE', '<p>LIGHTNING DAMAGE CLAUSE</p>', '', 468, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(631, '1', 'LDGP', 'LOSS OR DAMAGE TO GUEST''S PROPERTY', '<p>Property Damage to personal effects (including vehicles and their contents) belonging to visitors or guests of the Insured</p>\n', '', 469, '', '2017-04-10 02:00:16', '2017-05-29 17:18:31', 2, 194),
(633, '1', 'LIMP', 'LAND IMPROVEMENTS', '<p>Property Insured under this Policy includes landscaping improvements consisting of gravel or paved driveways, parking lots, lawns, bushes, plantings, trees and the like.</p>\n', '', 471, '', '2017-04-10 02:00:16', '2017-07-04 16:36:19', 2, 194),
(635, '1', 'LSC', 'LEGAL, SUPPLEMENTARY COSTS', '<p><br />\nNOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, IT IS HEREBY DECLARED AND &nbsp;AGREED &nbsp;that the &nbsp;limit &nbsp;of liability stated in the Schedule of the Policy shall &nbsp;be &nbsp;inclusive &nbsp;of &nbsp;legal costs, &nbsp;settlement, supplementary&nbsp;payments as enumerated under Insuring Agreement No. 11 of this Policy.&nbsp;</p>\n\n<p>Except as &nbsp;varied &nbsp;by &nbsp;this &nbsp;endorsement, all other terms and conditions remain unaltered.</p>\n', '', 473, '', '2017-04-10 02:00:16', '2017-07-04 16:38:05', 2, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(636, '1', 'MBI', 'MACHINERY INSURANCE POLICY', '<p>WHEREAS THE INSURED named in the Schedule hereto has made to the</p>\n\n<p>(hereinafter called &quot;the Insurers&quot;) a written proposal by completing a Questionnaire which together with any other statements made in writing by the Insured for the purpose of this Policy is deemed to be incorporated herein.</p>\n\n<p>NOW THIS POLICY OF INSURANCE WITNESSETH that subject to and in consideration of the Insured having paid to the Insurers the premium mentioned in the said Schedule.</p>\n\n<p>THE INSURERS HEREBY AGREE with the Insured (subject always to the terms, provisions and conditions contained herein or endorsed hereon) that if at any time during the period of insurance stated in the Schedule, or during any subsequent period for which the Insured pays the premium for the renewal of this Policy, there shall occur to the machinery insured (or any part thereof) specified in the said Schedule, whilst on the premises mentioned therein, any unforeseen and sudden physical loss or damage necessitating its repair or replacement due to causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, sabotage, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, or any other cause not specifically excluded hereinafter</p>\n\n<p>THE INSURERS WILL INDEMNIFY the Insured in respect of such loss or damage by payment in cash, replacement or repair (at their own option) as hereinafter provided, up to an amount not exceeding in any one year of insurance in respect of each of the machines specified in the Schedule the sum set opposite thereto and not exceeding the whole the total sum insured thereby.</p>\n\n<p>This insurance applies whether the insured machines are at work or at rest, or being dismantled for the purpose of cleaning, overhauling or of being shifted within the said premises, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning. &nbsp;</p>\n\n<p>THE INSURERS SHALL NOT BE LIABLE FOR:</p>\n\n<p>(a)&nbsp;&nbsp; &nbsp;the deductible stated in the Schedule to be borne by the Insured in any one occurrence; if more than one machine is lost or damaged in one occurrence, the Insured shall not, however, be called upon to bear more than the highest single deductible applicable to such machines;</p>\n\n<p>(b)&nbsp;&nbsp; &nbsp;loss or damage to belts, ropes, wires, chains, rubber tyres, dies or exchangeable tools, engraved cylinders, objects made of glass, porcelain, ceramics, felts, sieves or fabrics, all operating media (e.g. lubricating oil, fuel, catalyst);</p>\n\n<p>(c)&nbsp;&nbsp; &nbsp;loss or damage arising directly from lighting, directly or indirectly from fire, the extinguishment of a fire, or clearance of debris and dismantling necessitated thereby, chemical explosion (except flue gas explosion in boilers), smoke, soot, aggressive substances, theft, subsidence, landslide, rockslide, cyclone, storm, typhoon, flood, inundation, earthquake, volcanic eruption, tsunami, impact of land-borne, waterborne or airborne craft;</p>\n\n<p>(d)&nbsp;&nbsp; &nbsp;loss or damage direct or indirectly caused by or arising out of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion, military or usurped power, a group of malicious persons or persons acting on behalf of or in connection with any political organization, conspiracy, confiscation, commandeering, requisition or destruction of or damage by order of any government de jure or de facto or by any public authority, nuclear reaction, nuclear radiation or radioactive contamination;</p>\n\n<p>(e)&nbsp;&nbsp; &nbsp;loss or damage caused by any faults or defects existing at the time of commencement of the present insurance within the knowledge of the Insured, or his representative, whether such faults or defects where known to the Insurers or not;</p>\n\n<p>(f)&nbsp;&nbsp; &nbsp;loss or damage arising out of the willful act or gross negligence of the Insured or of his representatives;</p>\n\n<p>(g)&nbsp;&nbsp; &nbsp;loss or damage for which supplier or manufacturer is responsible either by law or under contract;</p>\n\n<p>(h)&nbsp;&nbsp; &nbsp;loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, rust, boiler scale)</p>\n\n<p>(i)&nbsp;&nbsp; &nbsp;consequential loss or liability of any kind or description, any payments over and above the indemnity for material damage as provided herein.</p>\n\n<p>In any action, suit or other proceeding where the Insurers allege that by reason of the provisions of exclusions (d)-(g) above any loss, destruction, damage or liability is not covered by this insurance the burden of proving that such loss, destruction, damage or liability is covered shall be upon the Insured.</p>\n\n<p>PROVISIONS<br />\nMemo 1 - Sum Insured</p>\n\n<p>It is a requirement of this insurance that the sum insured shall be equal to the cost of replacement of the insured machinery by new machinery of the same kind and same capacity, which shall mean its replacement costs including, e.g., freight, dues and customs duties, if any, and erection costs.</p>\n\n<p>If the sum insured is less than the amount required to be insured, the Insurers will pay only in such proportion as the sum insured bears to the amount required to be insured. &nbsp;Every item if more than one shall be subject to this condition separately.</p>\n\n<p>Memo 2 - Basis of Indemnity<br />\n(a)&nbsp;&nbsp; &nbsp;In cases where damage to an insured item can be repaired - the Insurers will pay expenses necessarily incurred to restore the damaged machine to its former state of serviceability plus the cost of dismantling and re-erection incurred for the purpose of effecting the repairs as well as ordinary freight to and from a repair shop, customs duties and dues, if any, to the extent such expenses have been included in the sum insured. If the repairs are executed at a workshop owned by the Insured, the Insurers will pay the cost of materials and wages incurred for the purpose of the repairs plus a reasonable percentage to cover overhead charges.</p>\n\n<p>No deduction shall be made for depreciation in respect of parts replaced, but the value of any salvage will be taken into account.<br />\n&nbsp;&nbsp; &nbsp;If the cost of repairs as detailed hereinabove equals or exceeds the actual value of the machinery insured immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in (b) below.<br />\n(b)&nbsp;&nbsp; &nbsp;In cases where an insured item is destroyed - the Insurers will pay the actual value of the item immediately before the occurrence of the loss, including costs for ordinary freight, erection and customs duties, if any, provided such expenses have been included in the sum insured, such actual value to be calculated by deducting proper depreciation from the replacement value of the item. &nbsp;The Insurers will also pay any normal charges for the dismounting of the machinery destroyed, but the salvage will be taken into account.<br />\nAny extra charges incurred for overtime, night-work, work on public holidays, express freight, are covered by this insurance only if especially agreed in writing.<br />\nThe cost of any alternations, additions, improvements or overhauls shall not be recoverable under this Policy.<br />\nThe costs of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final repairs, and do not increase the total repair expenses.<br />\nThe Insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be.<br />\nMemo 3 - Inspection of Turbines, Turbo-Generators and Boilers<br />\nAll mechanical and electrical parts of any steam-turbine, gas turbine or turbo-generator set, up to 30,000 KW shall be inspected and overhauled thoroughly in a completely opened up state at least every two years; for turbines or turbo-generators exceeding 30,000 KW such inspection and overhaul shall take place after 20,000 hours of operation or at least every three years. &nbsp;All boilers shall be inspected annually. &nbsp;The Insured shall arrange for these regular inspections in such a way as to enable the Insurers? representative to be present at the inspection at their own expense. The Insurers shall be notified at least seven days in advance of the commencement of any overhauling necessary according to expert opinion.<br />\nIf the Insured fails to comply with the requirements of this condition, the Insurers shall be free from all liability for loss or damage caused by any circumstance which could have been detected had an inspection taken place in the presence of the Insurers? representative.<br />\nThe Insured may apply for an extension of the period between any two regular inspections, and such extension shall be granted if in the opinion of the Insurers the risk is not aggravated hereby.<br />\nMemo 4 - Premium Reduction for Standstill</p>\n\n<p>If any boiler, turbine, steam engine, generator or Diesel engine is at a standstill for a continuous period of more than three months in any one year of insurance (including any period of overhauling but excluding any period of repair due to loss or damage under this Policy) the Insured shall be entitled to a reduction in premium in accordance with the under-mentioned scale.</p>\n\n<p>If such continuous period of standstill lasts</p>\n\n<p>I)&nbsp;&nbsp; &nbsp;3 months to 5 months - 15% of the annual premium<br />\nII)&nbsp;&nbsp; &nbsp;6 months to 8 months - 25% of the annual premium&nbsp;<br />\nIII)&nbsp;&nbsp; &nbsp;9 months to 11 months - 35% of the annual premium<br />\nIV)&nbsp;&nbsp; &nbsp;throughout the year - 56% of the annual premium</p>\n\n<p>This MEMO does not apply to machinery used in seasonal factories.</p>\n\n<p>CONDITIONS</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;The due observance and fulfillment of the terms of this Policy in so far as they relate to anything to be done or complied with the Insured shall be a condition precedent to any liability of the Insurers.</p>\n\n<p>2.&nbsp;&nbsp; &nbsp;The Insured shall at his own expense take all reasonable precautions to prevent loss, damage or liability and to comply with statutory requirements and manufacturers recommendations.</p>\n\n<p>3.&nbsp;&nbsp; &nbsp;(a)&nbsp;&nbsp; &nbsp;Representatives of the Insurers shall at all reasonable times have the right to inspect and examine the plant and the Insured shall provide the representatives of the Insurers with all details and information necessary for the assessment of the risk.&nbsp;</p>\n\n<p>(b)&nbsp;&nbsp; &nbsp;The Insured shall immediately notify the Insurers in writing of any material change in the risk and cause such additional precautions to be taken as circumstances may require to ensure safe operation of the insured machinery, and the scope of cover and/or premium shall if necessary be adjusted accordingly.</p>\n\n<p>No material alteration shall be made or admitted by the Insured whereby the risk of damage is increased, unless the continuance of the Insurance be confirmed by memorandum signed by or on behalf of the Insurers.</p>\n\n<p>4.&nbsp;&nbsp; &nbsp;In the event of any occurrence which might give rise to a claim under this Policy the Insured shall</p>\n\n<p>(a)&nbsp;&nbsp; &nbsp;immediately notify the Insurers by telephone or telegram as well as in writing, giving an indication as to the nature and extent of loss or damage;</p>\n\n<p>(b)&nbsp;&nbsp; &nbsp;take all reasonable steps within his power to minimize the extent of the loss or damage;</p>\n\n<p>(c)&nbsp;&nbsp; &nbsp;preserve the damaged or defective parts and make them available for inspection by an official or surveyor of the Insurers;</p>\n\n<p>(d)&nbsp;&nbsp; &nbsp;furnish all such information and documentary evidence as the Insurers may require.</p>\n\n<p>The Insurers shall not be liable for any loss or damage of which no notice has been received by the Insurers within 14 days of its occurrence.</p>\n\n<p>Upon notification of a claim being given to the Insurers, the Insured may proceed with the repair of any minor damage provided that the carrying out of such repair is without prejudice to any question of liability of the Insurers and that any damaged part requiring replacement is kept for inspection by the Insurers, but in all other cases a representative of the Insurers shall have the opportunity of inspecting the damage before any alternations, repairs or replacements are effected. If an inspection by a representative of the Insurers does not take place within a period of 14 days from the date of the notification of the claim, the Insured shall be entitled to proceed with the repairs or replacement. Nothing contained herein shall prevent the Insured from taking such steps as are absolutely necessary to maintain the operation of the plant.</p>\n\n<p>The liability of the Insurers under this Policy in respect of any item or property sustaining damage for which indemnity is provided, shall cease if the said item is kept in operation without being repaired to the satisfaction of the Insurers.</p>\n\n<p>The amount of any loss or damage for which an Insurer may be liable under this policy, shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Insured and the Insurer or by arbitration, but if such ascertainment is not had or made within sixty days after such receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the assured to collect interest on the proceeds of the Policy for the duration of the delay at the rate of twice the ceiling prescribed by the Monetary Board, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.</p>\n\n<p>5.&nbsp;&nbsp; &nbsp;If the proposal or declaration of the Insured is not true in any material respect, or if a claim is in any respect fraudulent, or if any false declaration is made or used in support thereof, or if any fraudulent means or devices are used by the Insured or anyone acting on behalf to obtain any benefit under this Policy, or if a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection, or in case of arbitration taking place as provided herein, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p>6.&nbsp;&nbsp; &nbsp;The Insured shall at the expense of the Insurers do and concur and in doing and permit to be done, all such acts and things as may be necessary or required by the Insurers in the interest of any right or remedies, or of obtaining relief or indemnity from parties (other than those insured under this policy) to which the Insurers shall be or would become entitled or subrogated upon their paying for or making good of any loss or damage under this Policy, whether such acts and things shall be or become necessary or required before or after the Insured?s indemnification by the Insurers.</p>\n\n<p>7.&nbsp;&nbsp; &nbsp;No admission, offer, promise, payment or indemnity shall be made or given by or on behalf of the Insured without the written consent of the Insurers who shall be entitled if they so desire to take over and conduct in the name of the Insured the defense or settlement of any claim for indemnity or damage or otherwise and shall have full discretion in the conduct of any proceeding or in the settlement of any claim and the Insured shall give all information and assistance as the Insurers may require.</p>\n\n<p>8.&nbsp;&nbsp; &nbsp;This insurance may be terminated at the request of the Insured at any time, in which case the Insurers will retain the customary short-period rate for the time the Policy has been in force. This insurance may equally be terminated at the option of the Insurers by seven days? notice to that effect being given to the Insured in which case the Insurers shall be liable to repay a ratable proportion of the premium for the unexpired term from the date of cancellation.</p>\n\n<p>However, no notice of cancellation shall be effective unless it is based on the occurrence, after the effective date of the policy, of one or more of the following:</p>\n\n<p>(a)&nbsp;&nbsp; &nbsp;conviction of a crime arising out of acts increasing the hazard insured against;</p>\n\n<p>(b)&nbsp;&nbsp; &nbsp;discovery of fraud or material misrepresentation;</p>\n\n<p>(c)&nbsp;&nbsp; &nbsp;discovery of willful or reckless acts or omissions increasing the hazard insured against;</p>\n\n<p>(d)&nbsp;&nbsp; &nbsp;physical changes in the property insured which result in the property becoming uninsurable; or</p>\n\n<p>(e)&nbsp;&nbsp; &nbsp;a determination by the Commissioner that the continuation of the policy would violate or would place the Insurer in violation of this Code.</p>\n\n<p>All notices of cancellation shall be in writing, mailed or delivered to the named Insured at the address shown in the Policy, and shall state (a) which of the grounds set forth above is relied upon and (b) that, upon written request of the named Insured, the Insurer will furnish the facts on which the cancellation is based.</p>\n\n<p>Unless the Insurer at least forty-five days in advance of the end of the policy period mails or delivers to the named Insured at the address shown in the Policy notice of its intention not to renew the policy or to condition its renewal upon reduction of limits or elimination of coverage, the named Insured shall be entitled to renew the Policy upon payment of the premium due on the effective date of the renewal. &nbsp;Any policy written for a term of less than one year shall be considered as if written for a term of one year. &nbsp;Any policy written for a term longer than one year or any policy with no fixed expiration date shall be considered as if written for successive policy periods or terms one year.</p>\n\n<p>9.&nbsp;&nbsp; &nbsp;All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator to be appointed 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 thirty (30) days after having been required in writing so to do by either of the parties or in case of disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator or arbitrators or umpire shall be a &nbsp;condition precedent to any right of action against the company.</p>\n\n<p>10.&nbsp;&nbsp; &nbsp;If at the time any claim arises under the Policy there be any other insurance covering the same loss or damage the Insurers shall not be liable to pay or contribute more than their ratable proportion of any claim for such loss or damage. If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in a like manner.</p>\n\n<p>SHORT PERIOD RATE SCALE</p>\n\n<p>IT IS HEREBY AGREED that, in the event of this Policy being surrendered by the Insured for cancelment, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in force:&nbsp;</p>\n\n<p>1 month or less 20% of the Annual Rate &nbsp; &nbsp;7 months 75% of the Annual Rate<br />\n2 months &nbsp; &nbsp; &nbsp; &nbsp;30% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot; &nbsp; &nbsp; &nbsp;8 months 80% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot;<br />\n3 months &nbsp; &nbsp; &nbsp; &nbsp;40% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot; &nbsp; &nbsp; &nbsp;9 months 85% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot;<br />\n4 months &nbsp; &nbsp; &nbsp; &nbsp;50% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot; &nbsp; &nbsp; 10 months 90% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot;<br />\n5 months &nbsp; &nbsp; &nbsp; &nbsp;60% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot; &nbsp; &nbsp; 11 months 95% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot;<br />\n6 months &nbsp; &nbsp; &nbsp; &nbsp;70% &quot; &nbsp; &quot; &nbsp; &nbsp;&quot; &nbsp; &nbsp; &quot; &nbsp; &nbsp;&nbsp;</p>\n\n<p>NOTICE</p>\n\n<p>The Insurance Commissioner, with offices in Manila, is the government official in charge of the enforcement of all laws relating to insurance and has supervision over insurance companies. He is ready at all times to render assistance in settling any controversy between an Insurance Company and a policyholder relating to insurance matters.</p>\n\n<p>For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</p>\n\n<p>CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads;<br />\n&nbsp;&nbsp; &nbsp;<br />\n&quot;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be basis of payment,&quot;</p>\n\n<p>shall not apply in determining the extent of liability under the provisions of this Policy.</p>\n\n<p>OMNIBUS CLAUSE</p>\n\n<p>All applicable provisions of Presidential Decree No. 1460, otherwise known as the Insurance Code of 1978, as amended, as of the date of effectivity, latest renewal or latest reinstatement of this policy/certificate/contract of insurance, as the case may be, and all existing laws obligatory upon insurance companies as may be pertinent are deemed incorporated in this policy/certificate/contract of insurance and will supersede any agreement/contract inconsistent therewith.</p>\n\n<p>CHANGES IN POLICY CLAUSE</p>\n\n<p>None of the provisions conditions and terms of the Policy shall be waived or altered except by endorsement signed or initialed by an authorized official of the Insurers and issued in accordance with the provisions of Section 50 of the Insurance Code, as amended.</p>\n\n<p>Nothing &nbsp;herein contained shall be held to vary, alter, waive or change any of the terms, &nbsp;limits or conditions of the policy, except as herein above set forth.</p>\n', '', 474, '', '2017-04-10 02:00:16', '2018-12-28 09:25:49', 2, 194),
(637, '1', 'MFE', 'MOLD & FUNGI ENDORSEMENT', '<p>A. This Policy only insured physical loss or damage to property insured by mold, mildew, fungus or spores, when directly caused by damage to property insured during the policy period by one of the following Listed Perils:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Fire; Earthquake; Explosion; Lightning; Windstorm; Hail; Flood or Water Damage; Direct impact of vehicle; Aircraft or vessel; Riot or civil commotion; Vandalism or malicious mischief; or Accidental discharge of fire protection equipment.</p>\n\n<p>This coverage is subject to all limitations of the Policy and, in addition to each of the following specific limitations:</p>\n\n<p>1. The said property must be insured for physical loss or damage by that Listed Peril.</p>\n\n<p>2. The Insured must report to the Insurer the existence and cost of the physical loss or damage by mold, mildew, fungus or spores as soon as practicable, but no later than six (6) months after the Listed Peril first caused any physical loss or damage to such insured property during the policy period. &nbsp;This Policy does not insured any physical loss or damage caused by mold, mildew, fungus or spores first reported to the insurer after that six (6) month period.</p>\n\n<p>B. Except as set forth in the foregoing Section A, this Policy does not insure any loss, damage, claim, cost, expense, or other sum directly or indirectly arising out of or relating to mold, mildew, fungus or spores of any type, nature or description.</p>\n\n<p>All other terms, conditions and exclusions of the policy remain unchanged</p>\n', '', 475, '', '2017-04-10 02:00:16', '2019-10-18 13:31:18', 2, 194),
(638, '1', 'MORTC', 'MORTGAGEE CLAUSE - IF WITH MORTGAGEE', '<p>MORTGAGEE CLAUSE - IF WITH MORTGAGEE</p>', '', 476, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(639, '1,6', 'MSPR', 'MONEY, SECURITIES AND PAYROLL ROBBERY', '<p><span style="font-family:courier new,courier,monospace">WHEREAS the Insured carrying on the Business described in the Schedule and no other for the purpose of this Insurance by a Proposal and Declaration which shall be the basis of this contract and is deemed to be incorporated herein has applied to the Company for the Insurance hereinafter contained and has paid or agreed to pay the Total Premium as consideration for such Insurance.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">NOW THIS POLICY WITNESSETH that in respect of loss or damage occurring during the Period of Insurance and subject to the terms provisos exceptions and conditions contained in or endorsed on or otherwise expressed in this Policy.<br />\nIT IS HEREBY AGREED as follows:</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">SECTION I - MONEY AND SECURITIES WITHIN PREMISES<br />\nThe Company will subject to the Limits for this Section as hereinafter provided indemnity the Insured against &nbsp;loss of Money and Securities by any cause whatsoever occurring within the premises.<br />\nProvided that&nbsp;<br />\n(a) when the Premises are closed for business the Money and Securities shall be kept in a locked safe or strong room the keys of which shall be kept in the custody of the Insured or of a responsible employee or other person authorized by the Insured.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">and (b) The Liability of the Company under this Section in respect of any one loss at any one Premises shall not exceed the limit for Section I shown against the Premises concerned. &nbsp;</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">SECTION II - MONEY AND SECURITIES OUTSIDE PREMISES</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">The Company will subject to the Limits for this Section as hereinafter provided indemnity the Insured against loss by any cause whatsoever occurring outside the Premises of Money and Securities in the personal charge of a Messenger in transit on Money Route.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">Provided that (a) each Messenger shall while outside the premises be accompanied by at least the Minimum Number of Guards specified in the Schedule for each Money Route or for each group of Money Routes or for all Money Routes as the case may be</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and (b) at any one time the number of Messenger who while outside the Premises will have custody of Money and Securities shall not exceed the Maximum Number specified in the Schedule for each Money Route or for each group of Money Routes or for all Money Routes as the case may be</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and (c) the liability of the Company under this Section in respect of any one loss from the Messenger concerned shall not exceed the Limit for Section II shown against each specified Maximum Number of Messenger.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">SECTION III - PAYROLL WITHIN AND OUTSIDE PREMISES</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">The Company will subject to the Limits for this Section as hereinafter provided indemnity the Insured against loss by any cause whatsoever<br />\n(1)&nbsp;&nbsp; &nbsp;occurring outside the Premises<br />\n(i)&nbsp;&nbsp; &nbsp;of cheques in a Payroll Exposure (which have been drawn by the Insured to provide for the Payroll Money) in the personal charge of a Messenger in transit from a Premise to a Bank both of which are specified for a Payroll Route<br />\n(ii)&nbsp;&nbsp; &nbsp;of Payroll Money in a Payroll Exposure from the time of its receipt by a Messenger at a Bank specified for a Payroll Route and while in the personal charge of such Messenger in transit on a Payroll Route from such Bank to a Premise similarly specified ant between that Premise and any other Premise similarly specified if there be more than one</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">(2)&nbsp;&nbsp; &nbsp;occurring within the Premises so specified of the Payroll Money in a Payroll Exposure while it is within such Premises and until the said Payroll Money is paid out to the Insured&rsquo;s employees<br />\nProvided that (a) each Messenger shall while outside the Premises be accompanied by at least the Minimum Number of Guards specified in the Schedule for each Payroll Route or for each group of Payroll Routes or for all Payroll Routes as the case may be<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; and (b) at any one time the number of Payroll Exposure shall not exceed the Maximum Number specified in the Schedule for each Payroll Route or for each group of Payroll Routes or for all Payroll Routes as the case may be&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; and (c) when the Premises are closed for business Payroll Money which is there shall be kept in a locked safe or strong room the keys of which shall be kept in the custody of the Insured or of a responsible employee or other person authorized by the Insured<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; and (d) the liability of the Company under this Section for any one loss in respect of the Payroll Exposure concerned shall not exceed the Limits for Section III shown against each such specified Maximum Number of Payroll Exposures.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">SECTION IV - INCLUSIVE EXTRA COVERAGES</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">The Company will also indemnity the Insured as follows:<br />\n(A)&nbsp;&nbsp; &nbsp;Damage to Premises or to Locked Safe, Strong room, Cash Register, Cash Drawer or Cash Box<br />\nIf cover under Sections I and/or III is operative the Company will also indemnify the Insured against damage (except by fire) to the Premises or to a Locked Safe Strong room, Cash Register, Cash Drawer or Cash Box (provided that the Insured is the owner thereof or is liable for such damage thereto) caused in direct connection with the felonious taking of Money Securities or Payroll Money by robbery brigandage or theft or any attempt thereat<br />\n(B)&nbsp;&nbsp; &nbsp;Loss of Container<br />\nProvided always that the liability of the Company under this Section (or under Paragraph A thereof alone or Paragraph B thereof alone) in conjunction with the liability of the Company under the other operative Sections of this Policy shall not in the aggregate exceed the relevant Limit for Section I and/or II and/or III as governed by the Proviso in each of those Sections relating to the liability of the Company.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">GENERAL EXCEPTIONS</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">The Company shall not be liable under this Policy in respect of<br />\n(a)&nbsp;&nbsp; &nbsp;any loss or damage directly or indirectly proximately or remotely occasioned by continued to by or traceable to or arising out of or in connection with war, invasion act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion mutiny, revolution insurrection or military or usurped &nbsp;power, strike riot military or popular rising or loot sack or pillage in connection therewith or flood, typhoon hurricane, windstorm, volcanic eruption, earthquake or other convulsion of nature.<br />\n(b)&nbsp;&nbsp; &nbsp;Any shortage of Money or Payroll &nbsp;Money due to error or omission<br />\n(c)&nbsp;&nbsp; &nbsp;Any loss caused by<br />\n(i)&nbsp;&nbsp; &nbsp;any dishonest, fraudulent or criminal act of the Insured or of Insured or any officer, employee, partner, director, trustee or authorized representative of the Insured whether acting alone or in conjunction with others<br />\n(ii)&nbsp;&nbsp; &nbsp;the giving or surrendering of any Money Securities or Payroll Money in any exchange or purchase<br />\n(iii)&nbsp;&nbsp; &nbsp;forgery by whomsoever committed<br />\nand in the event of any claim hereunder the Insured shall prove that the loss or damage arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequence thereof and in default of such proof the Company shall not be liable to make any payment in respect of such claim.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">CONDITIONS<br />\n1.&nbsp;&nbsp; &nbsp;Construction of Contract and Definitions. This 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 such meaning wherever it may appear, and in particular the following expression shall have the meanings hereinafter assigned to them:<br />\n&quot;Robbery&quot; shall mean robbery as defined in Article 293 of the Revised Penal Code of the Philippines&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nAct No. &nbsp;3815<br />\n&quot;Brigandage&quot; shall mean brigandage as defined in Article 306 of the Revised Penal Code of the Philippines Act No. 3815<br />\n&quot;Theft&quot; shall mean theft as defined in Article 308 of the Revised Penal Code of the Philippines Act No. 3815<br />\n&quot;Money&quot; shall mean currency, coin, bank notes and bullion not intended for the payroll of the Insured but all being the property of the Insured or for which the Insured is responsible.<br />\n&quot;Securities&quot; shall mean all negotiable and non-negotiable instruments or contracts owned by the Insured or for which he is responsible representing either money or other property and includes revenue and other stamps in current use but does not include manuscripts, records, accounts, money itself or Payroll Money.<br />\n?Payroll Money? shall mean currency, coin, bank notes and cheques intended solely and exclusively for the payroll of the Insured.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">&quot;Payroll Exposure&quot; shall mean<br />\n(a)&nbsp;&nbsp; &nbsp;one cheque drawn by the Insured to provide for the Payroll Money or one collection of such cheques in the personal charge of one Messenger or<br />\n(b)&nbsp;&nbsp; &nbsp;one collection of Payroll Money which is not dispersed or divided either while in transit or within the Premises except and until it is paid out to the Insured&#39;s employees&rsquo;s.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">&quot;Messenger&quot; shall mean the Insured or a partner or officer of the Insured or any person who is in the regular employ and duly authorized by the Insured to have the care and custody of the Insured property whilst being conveyed outside the Premises.<br />\n&quot;Guard&quot; shall mean any male person not less than seventeen not more than sixty five years of age who accompanies a Messenger by direction of the Insured but who is not a driver of a public conveyance.<br />\n&quot;Premises&quot; shall mean the interior of that portion of the building at the address specified under the heading of &ldquo;PREMISES&rdquo; in the Schedule which is occupied solely by the Insured in conducting the Business.<br />\n2.&nbsp;&nbsp; &nbsp;Notices by Insured. All notices required to be given by the insured to the Company shall be given in writing to the Company at its Manila Agency.<br />\n3.&nbsp;&nbsp; &nbsp;Assignment. No assignment of interest under this Policy shall bind the Company without its written consent. If the Insured shall be adjudged bankrupt or insolvent, or die during the Period of Insurance this Policy unless cancelled shall continue in favor of the legal representative of the Insured, provided written notice shall be given to the Company within thirty days after the date of such death or adjudication.<br />\n4.&nbsp;&nbsp; &nbsp;Precautions to be taken by Insured. The Insured shall take all due precautions of the safety of the Money Securities and Payroll Money as if the same were not insured especially as regards selection and supervision of employees and shall not do suffer permit anything whereby the risk of the Company shall be increased.<br />\n5.&nbsp;&nbsp; &nbsp;Records. The Insured shall keep verifiable records in such manner that the Company can accurately determine there from the amount of a loss.<br />\n6.&nbsp;&nbsp; &nbsp;Claims under Policy. Notices and Conduct. Upon the happening of any event giving rise or likely rise or likely to give rise to a claim under this policy.<br />\n(a)&nbsp;&nbsp; &nbsp;Notices - the Insured shall as soon as possible give notice thereof to the Company with full particulars and the Company shall not be liable for any loss of which written notice shall not have been received by the Company within one month of the occurrence thereof. In case of robbery brigandage theft or other criminal act which may given rise to a claim under this Policy the Insured shall give immediate notice thereof to the Policy. In regard to loss of property not owned by the Insured every letter claim writ summons and process shall be notified or forwarded to the Company immediately on receipt and notice shall also be given to the Company immediately the Insured shall have knowledge of any impending Prosecution or legal proceedings in connection with such occurrence.<br />\n(b)&nbsp;&nbsp; &nbsp;Conduct - the Insured shall furnish to the Company all such particulars and evidence documentary or otherwise and execute and do all such acts and things as the Company may reasonably require to substantiate the claim to facilitate the investigation and<br />\nadjustment to trace and recover the property lost to recoup the Company so far as may be in respect of any amount which shall pay under this Policy. The Insured shall also take all reasonable steps to prevent the negotiation sale or retirement of all lost securities. In case of robbery brigandage theft or other criminal act which may give rise to a claim the Insured shall cooperate with the Company in securing the conviction of the offender. In regard to loss of property not owned by the Insured no admission offer promise or payment shall be made by on behalf of the Insured without the written consent of the Company which shall be entitled if it so desires to take over and conduct in his name the defence or settlement of any claim or to prosecute defence or settlement of any claim or to prosecute in his name for its own benefit any claim for indemnity damages or otherwise shall have full discretion in the conduct of any proceedings and if the Company shall make any payment in settlement of any claim and such payment includes any amount not covered by this Policy the Insured shall repay to the Company the amount not so covered. The Company shall bear the expense of all such particulars evidence acts and things as they may require with the above objects or any of them other than those required to substantiate the claim. If any claim be fraudulently or intentionally exaggerated or if any false declaration or statement shall be made in support there of then thins Policy shall be voidable by the Company.<br />\n7.&nbsp;&nbsp; &nbsp;Valuation - Payment - Replacement - Subrogation. In no even shall the Company be liable for more than the actual market value of Securities at the close of business of the business day next preceding the day on which the loss thereof was discovered, nor more than the actual cash value of other property at the time of loss thereof or damage thereto, nor for more than the actual cost of replacing or repairing any such Securities or other property. The Company may replace any Securities or other property of like kind or value, or repair any damage property, or pay for the same in money, as the Company may elect. If the Securities have no quoted market value and the value cannot be established, it may be determined by agreement or by arbitration. In the event of any indemnification under this Policy the Company shall be subrogated to all rights of the Insured of recovery therefor, and the Insured shall execute all papers required and do everything that may be necessary to secure such rights. Any property for which the Insured has been indemnified (whether owned by the Insured or others) shall become the property of the Company.<br />\n8.&nbsp;&nbsp; &nbsp;Other Insurance - If at the time any claim arises under this Policy there is any other insurance covering the same loss or damage the Company shall not be liable to pay or contribute more than its ratable proportion of such loss or damage.<br />\n9.&nbsp;&nbsp; &nbsp;Reduction of Insurance - Restoration. Indemnification by the Company for any loss under Section of this Policy shall reduce relevant Limit for that Section by the amount of such indemnification as of the date and hour at which the Insured notified the Company of such loss. The amount of such reduction shall be restored automatically only as to losses through acts committed or events occurring thereafter. In consideration thereof the Insured shall pay the Company upon demand an additional premium computed pro rata upon the amount of insurance so restored from the said of restoration to the next renewal date this Policy.<br />\n10.&nbsp;&nbsp; &nbsp;Cancellation. This Policy shall not be cancelled by or on behalf of the Company except in accordance with and pursuant to the provisions of Section 64 and 65 of the Insurance Code. In the event of such cancellation the Company shall refund the paid premiums less the earned portion thereof the Insured. Likewise, this Policy maybe cancelled on the said rate basis set forth in the short rate cancellation table at the request of the Insured.<br />\nPolicy has been in force.<br />\n11.&nbsp;&nbsp; &nbsp;Arbitration. If any difference or dispute shall arise with respect to the amount of the Company&#39;s liability under this Policy the same shall be referred to the decision of &nbsp;a single arbitrator to be agreed upon by both parties or failing such agreement of 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 and in case of disagreement between the arbitrators to the decision of an umpire who shall have been appointed in writing by the arbitrators before entering on the reference and the costs of and incidental to the reference shall be dealt with in the award. And it is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon this Policy that the award by such arbitrator arbitrators or umpire of the amount of the Company&rsquo;s liability hereunder if disputed shall be first obtained.<br />\n&nbsp;&nbsp; &nbsp;If a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any court of competent jurisdiction within twelve months after such rejection or (in case of an arbitration taking place as provided herein) within twelve months after due notice of the award by the arbitrators or umpire then the claim shall for all purpose be deemed to have abandoned and shall not thereafter be recoverable hereunder.<br />\n12.&nbsp;&nbsp; &nbsp;Conditions precedent to Liability of Company. The due observance and fulfilment of the terms provisos exceptions and conditions of this Policy in so far as they relate to anything to be done not to be done by the Insured and the truth of the statements and answer in the Proposal shall be conditions precedent to any liability of the Company to make any payment under the Policy.<br />\n13.&nbsp;&nbsp; &nbsp;Changes in Policy. None of the provisions, conditions and terms of this Policy shall be waived or altered except by endorsement signed or initialed by an authorized official of the Company and issue in accordance with the provisions of Section 50 of the Insurance Code to form part with this Policy.<br />\n14.&nbsp;&nbsp; &nbsp;Article 1250 ? Civil Code Waiver. IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 86) which reads:<br />\n&nbsp;&nbsp; &nbsp;Shall not apply in determining the extent of liability under the provisions of this Policy.<br />\n15.&nbsp;&nbsp; &nbsp;Renewal. In accordance with Section 66 of the Presidential Decree No. 612 otherwise known as the Insurance Code, unless the Company at least forty-five (45) days in advance at the end of the Policy period mails or delivers to the Insured at the address shown in the policy notice of its intention not to renew the policy or to condition its renewal upon reduction of limits or elimination of coverages, the Insured shall be entitled to renew the Policy upon payment of the premium due on effective date of the renewal.<br />\n16.&nbsp;&nbsp; &nbsp;Settlement of Claim. The amount of loss, damage or liability is received by the Company and ascertainment of the loss, damage or liability is made by agreement between the Insured and the Company or by arbitration.<br />\n&nbsp;&nbsp; &nbsp;In the event such ascertainment is not had or made within sixty (60) days after such receipt by the Company of the said formal written claim and proof of loss, then the loss, damage or liability shall be paid within ninety (90) days after such receipt. Failure of the Company to the pay the loss, damage or liability within the time prescribed herein will entitle the Insured to collect interest on the proceeds of this Policy for the duration of the delay at the rate twice the ceiling prescribed by the Monetary Board, unless the Company&rsquo;s failure to pay is based on the ground that the claim is fraudulent.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">SHORT PERIOD RATE SCALE<br />\n&nbsp;&nbsp; &nbsp;It is hereby agreed that, in the event of this Policy being surrendered by the Insured for cancelment, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in force.<br />\nFor 1 month or less 20 percent. Of the Annual Rate For 7 months &nbsp;75 percent. Of the Annual Rate<br />\nFor 2 months&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;30 percent. Of the Annual Rate For 8 months&nbsp;&nbsp; &nbsp;80 percent. Of the Annual Rate<br />\nFor 3 months&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;40 percent. Of the Annual Rate For 9 months&nbsp;&nbsp; &nbsp;85 percent. Of the Annual Rate<br />\nFor 4 months &nbsp;&nbsp; &nbsp; &nbsp; &nbsp;50 percent. Of the Annual Rate For 10 months 90 percent. Of the Annual Rate<br />\nFor 5 months&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;60 percent. Of the Annual Rate For 11 months 95 percent. Of the Annual Rate<br />\nFor 6 months&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;70 percent. Of the Annual Rate&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">NUCLEAR EXCLUSION CLAUSE<br />\n1.&nbsp;&nbsp; &nbsp;This Policy does not cover -<br />\n(a)&nbsp;&nbsp; &nbsp;loss or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss;<br />\n2.&nbsp;&nbsp; &nbsp;any legal liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from lionizing radiations or contamination by radio-activity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of this The indemnity provided by this Policy shall not apply to nor include any loss destruction damage or legal liability directly or indirectly caused by or contributed to by or arising from nuclear &nbsp;weapons material.</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">RECEIPT OF PAYMENT CLAUSE</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">&nbsp;IT IS HEREBY DECLARED AND AGREED that notwithstanding anything to the contrary contained in the within policy, this insurance will be deemed valid binding upon the Company only when the Premium therefore have actually been paid in full and duly acknowledged in an official &nbsp;receipt signed by an authorized official representative of the Company.</span></p>\n', '', 477, '', '2017-04-10 02:00:16', '2020-02-03 11:36:50', 2, 288),
(640, '1', 'MWC', 'MINOR WORKS CLAUSE', '<p>It is understood and agreed that this insurance includes minor additions/construction and/or reconstruction work carried out on any of the premises in respect of contracts not exceeding as per policy schedule.</p>\n', '', 478, '', '2017-04-10 02:00:16', '2017-04-18 02:57:29', 2, 194),
(641, '1', 'OBCL', 'OUTSIDE BUILDING CLAUSE', '<p>The Insurance of each item under this policy is understood to include walls, gates, fences, small outside buildings, extensions, annexes, exterior, staircase, fuel installations, steel or iron frameworks and tanks in the said premises and the insurance by each items under contents extends to include the contents of each buildings.</p>\n', '', 479, '', '2017-04-10 02:00:16', '2017-06-01 13:17:50', 2, 194),
(643, '1', 'OINT', 'OTHER INTEREST', '<p>It is agreed that the Policy insures the interests of any other party that has a right in law due to the terms of any Act, By-Law, Agreement, Legal Document or instrument whereby that party has a financial or other interests in any property insured hereby.</p>\n\n<p>Provided that :</p>\n\n<p>a. interest of such other party are nor more specifically insured.<br />\nb. any act or neglect of the Insured will not prejudice the rights of such other party provided that they shall upon becoming aware of any act or neglect whereby the risk of loss, destruction or damage has increased, give notice in writing to Insurer (s) and pay any additional premium that the Insurer(s) may require.</p>\n', '', 481, '', '2017-04-10 02:00:16', '2017-05-29 17:22:57', 2, 194),
(645, '1', 'OUTB', 'OUTSIDE BUILDING', '<p>The Insurance of each item under this policy is understood to include walls, gates, fences, small outside buildings, extensions, annexes, exterior, staircase, fuel installations, steel or iron frameworks and tanks in the said premises and the insurance by each items under contents extends to include the contents of each buildings.</p>\n', '', 483, '', '2017-04-10 02:00:16', '2017-05-29 17:23:55', 2, 194),
(646, '1', 'PACL', 'PERMITS AND AGREEMENTS CLAUSE', '<p>Permission is granted to the Insured to erect or make additions or improvements on Insured Property on material cover, subject to a declaration within NINETY (90) days payment of an additional premium charged required.</p>\n', '', 484, '', '2017-04-10 02:00:16', '2017-05-29 17:24:39', 2, 194),
(647, '1', 'PAETO', 'PERSONAL ACCIDENT INSURANCE - ETON', '<p>1. ACCIDENTAL DEATH BENEFIT<br />\n&nbsp; &nbsp;========================<br />\nSECTION I - If bodily injury as aforesaid shall within twelve calendar months from the date of accident result in the death of the insured, the Company will pay the sum as hereinabove specified<br />\nagainst Section 1.</p>\n\n<p>2. &nbsp;TOTAL PERMANENT DISABLEMENT<br />\n&nbsp; &nbsp; ===========================<br />\nSECTION 2 - If bodily &nbsp;injury as aforesaid shall within twelve calendar months from the date of accident result in permanent disablement and not followed within twelve calendar months of the said bodily injury by the death of the Insured, the Company will pay the corresponding percentage as stated in the Table of Permanent Disablement Benefits of the sum as hereinabove specified against Section 2.</p>\n\n<p>TABLE OF PERMANENT DISABLEMENT BENEFITS<br />\nDescription of Disablement</p>\n\n<p>Percentage of the Sum Specified in<br />\nSection 2 of the Table of Benefits</p>\n\n<p>Loss of the Limbs...................................................100%<br />\nLoss of both hands, or all fingers and thumbs of both hands.........100%<br />\nLoss of both feet...................................................100%<br />\nTotal loss of sight of both eyes....................................100%<br />\nInjuries resulting in being permanently bedridden...................100%<br />\nAny injury causing permanent total disablement......................100%<br />\nLoss of arm at or above elbow........................................70%<br />\nLoss of arm between elbow and wrists.................................50%<br />\nLoss of hand.........................................................42&frac12;%<br />\nLoss of four fingers and thumb of one hand...........................42&frac12;%<br />\nLoss of four fingers.................................................35%<br />\nLoss of thumb........................................................15%<br />\nLoss of index finger.................................................10%<br />\nLoss of middle finger.................................................6%<br />\nLoss of ring finger...................................................5%<br />\nLoss of little finger.................................................4&frac12;%<br />\nLoss of metacarpals, 1st or 2nd (additional)..........................3%<br />\n&nbsp; &nbsp; &nbsp;3rd, 4th or 5th (additional).....................................2%<br />\nLoss of leg at or above knee.........................................60%<br />\nLoss of leg below knee...............................................40%<br />\nLoss of one foot.....................................................40%<br />\nLoss of toes - all of one foot.......................................15%<br />\nLoss of Big Toe ......................................................5%<br />\nLoss of any other than Big Toe each...................................1%<br />\nLoss of sight of one eye.............................................30%<br />\nLoss of hearing both ears............................................50%<br />\n&nbsp; &nbsp; &nbsp;one ear.........................................................25%</p>\n\n<p>Total Permanent loss of the use of a member shall be treated as loss of such member.</p>\n\n<p>The loss of the first joint of the thumb or any other finger or of any toe shall be considered as equal to the loss of one-half of the thumb or finger or toe and the benefit above specified for the loss of the thumb or finger or toe.</p>\n\n<p>The loss of more than one phalange of the thumb or of any other finger or of any toe shall be treated as loss of the entire thumb or finger or toe.</p>\n\n<p>Where, however, there is loss of two or more parts of the hand the percentage payable shall not be more than the loss of the whole hand. Where the disablement is not specified the Company will adopt a percentage which in its opinion is not inconsistent with the provisions of this Table.</p>\n\n<p>3. &nbsp;ACCIDENT MEDICAL REIMBURSEMENT BENEFIT<br />\n&nbsp; &nbsp; ======================================<br />\nSECTION 5 - Or, if bodily injury as aforesaid shall solely and independently of any other cause require within three calendar months from the date of accident medical &nbsp;or &nbsp;surgical &nbsp;treatment (including X-rays) hospital confinement or the employment &nbsp;of &nbsp;a &nbsp;trained nurse, the Company Will pay in addition to any other indemnity payable, the &nbsp;actual expenses of such treatment, hospital charges and nurses&#39; fees, not exceeding in respect of Any One Accident the sum hereinbefore<br />\nspecified against Section 1.</p>\n\n<p>4. ACCUMULATION LIMIT ENDORSEMENT<br />\n&nbsp; &nbsp;==============================<br />\nIT IS HEREBY DECLARED AND AGREED that the Company shall not be liable for any amount in excess of Philippine Pesos ______________ Only with respect to any one accident. &nbsp;In the event of said limit of indemnity for any one accident is insufficient to pay the full amount of indemnity for each insured person, then the amount payable to each insured person shall be in proportion that the list of indemnity for any one accident bears to the total amount of insurance that would have been payable except for such limit of liability.</p>\n\n<p>All other terms, conditions and exclusions remain the same.&nbsp;</p>\n', '', 485, '', '2017-04-10 02:00:16', '2017-07-04 16:44:04', 2, 194),
(648, '1', 'PCDDC', 'PERMISSIONS CLAUSE', '<p>Permission is hereby given to the Assured:</p>\n\n<p>1. &nbsp;To store and use any and all materials in the quantities and manner as permitted by law, By-law, or Regulation, processes, power and appliances usual and incidental to the business or occupancy;</p>\n\n<p>2. &nbsp;To make additions, alterations, repairs and to construct new buildings and structures and to generally act as a Contractor or Sub-Contractor for the aforementioned whether for the Assured&#39;s own operations or for other parties. Furthermore the insurance by this policy shall extend to include loss, destruction, or damage by or to theses activities;&nbsp;</p>\n\n<p>3. &nbsp;To acquire real or personal property;</p>\n\n<p>4. &nbsp;To cease operations and for any premises to be vacant or unoccupied; and</p>\n\n<p>5. &nbsp;To obtain other insurances.&nbsp;</p>\n', '', 486, '', '2017-04-10 02:00:16', '2018-04-17 08:56:28', 2, 194),
(650, '1', 'PEDNT', 'PIER IMPACT ENDORSEMENT', '<p><br />\nIT IS HEREBY DECLARED AND AGREED that this insurance covers loss or damage due to collision which, for the purpose of this endorsement shall mean only accidental damage to the pier or wharf directly caused as a result &nbsp;of impact by any floating object, boat, ship or any other sea-going vessel including loss or damage caused by any vessel berthing at the pier</p>\n', '', 488, '', '2017-04-10 02:00:16', '2017-05-31 19:00:26', 2, 194),
(651, '1,6', 'PFL', 'PROPERTY FLOATER POLICY CONDITION', '<p>The ALLIEDBANKERS INSURANCE CORPORATION (hereinafter called &quot;the Company&quot;) agrees 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 properties, exclusions, conditions and other terms of the policy.</p>\n\n<p>P O L I C Y &nbsp;C O N D I T I O N</p>\n\n<p>1. &nbsp;MISREPRESENTATION AND FRAUD. This policy shall be void if the Assured has concealed or misrepresented any material factor or circumstances concerning the insurance or the subject thereof or in case of any fraud, attempted fraud or false swearing by the Assured touching any matter relating to this insurance or the &nbsp;subject thereof, whether before or after a loss.</p>\n\n<p>2. &nbsp;VALUATION. &nbsp;Unless otherwise provided in form attached, this Company shall not be liable beyond the actual value of the property as the time any loss of or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of like kind and quality.</p>\n\n<p>3. &nbsp;PAIR AND SET. &nbsp;It is understood and agreed that, in the event of loss of, or damage to any article or articles which are a part of a set, the measure of loss of or damage to such article shall be a reasonable and fair proportion of the total value of the set, giving consideration to the importance of said article or articles, but in no event shall such loss or damage be construed to mean total loss of set.</p>\n\n<p>4. &nbsp;PARTS. &nbsp;In case of loss or injury to any part of the insured property consisting when complete for sale or use, of several parts, this Company shall only be liable for the insured value of the part lost or damaged.</p>\n\n<p>5. &nbsp;SUE AND LABOR. In case of loss or damage, it shall be lawful and necessary for the Assured, his or their factors, servants and assigns, to sue, labor, and travel for, in and about the defense, safeguard and recovery of the property insured hereunder, or any part thereof without prejudice to this insurance, nor shall the acts of the Assured or this Company, in recovering, saving and preserving the property insured in case of loss or damage, be considered a waiver or an acceptance of abandonment to the charge whereof this Company will contribute according to the rate and quantity of the sum herein insured.</p>\n\n<p>6. &nbsp;NOTICE OF LOSS. &nbsp;The Assured shall as soon as practicable report to this Company every loss or damage which may become a claim under this policy and shall also file with the Company within &nbsp;ninety (90) days from the date of loss a detailed sworn proof of loss. Failure by the &nbsp;Assured either to report the said loss or damage or to file such sworn proof of loss as hereinbefore &nbsp;provided shall not invalidate any claim under this policy if it shall be shown not to have been reasonably possible to give such report and proof of loss and that the same were given as soon as reasonably possible.</p>\n\n<p>7. &nbsp;DOUBLE RECOVERY. No loss shall be paid hereunder if the Assured has collected the same from others.</p>\n\n<p>8. &nbsp;PAYMENT OF LOSS. All adjusted claims shall be paid or made good to the Assured within sixty (60) days after the presentation and acceptance of satisfactory proof of interest and loss at the office of this Company.</p>\n\n<p>9. &nbsp;REINSTATEMENT. &nbsp;Every claim paid hereunder reduces the amount insured by the sum so paid unless the same be reinstated by payment of additional premium thereon.<br />\n&nbsp;&nbsp; &nbsp;<br />\n10. EXAMINATION UNDER OATH. &nbsp;The Assured shall submit, &nbsp;and so far as is within his or their power shall cause all other persons interested in the property and members of the household and employees to submit, to examinations under oath by any persons named by the Company to take such deposition and to subscribe the same, and shall produce for examination all books of accounts, bills, invoices, and other vouchers or certified copies thereof if originals be lost, at such reasonable time and place as may be designated by the Company or its representatives and shall permit extracts and copies thereof to be made.</p>\n\n<p>11. ARBITRATION CLAUSE. All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator to be appointed 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 &nbsp;by each of the parties within thirty (30) days after having been required in writing so to do by either of the parties or in case of disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator &nbsp;or arbitrators or umpire shall be a condition precedent to any right of action against the Company only in cases of differences as to amount of liability actually arising out of this policy.</p>\n\n<p>12. BENEFIT OF INSURANCE. This insurance shall in no wise inure directly to the benefit of any carrier or other bailee.</p>\n\n<p>13. SUBROGATION. In the event of any payment under this policy the Company shall be subrogated to all the Assured&#39;s rights of recovery therefor against any person or organization and the Assured shall Execute and deliver instruments and papers and do whatever, else is necessary to secure such rights. The Assured shall do nothing after loss to prejudice such rights.</p>\n\n<p>14. SUIT AGAINST THE COMPANY. &nbsp;If a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months form receipt of notice of such rejection or in case of arbitration taking place as provided herein, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p>15. CANCELLATION. &nbsp;This Policy shall not be cancelled by or on behalf of the Company except in accordance with and pursuant to the provisions of Sections 64 and 65 of the Insurance Code. &nbsp;In the event of such cancellation, the Company shall refund the paid premiums less the earned portion thereof to the Assured. Likewise, this Policy may be cancelled on the short rate basis set forth in the short rate cancellation table at the request of the Assured.</p>\n\n<p>16. RENEWAL. &nbsp;Unless the Company at least forty-five days in advance of the end of the policy period mails or delivers to the Assured at the address shown in the policy notice of its intention not to renew the Policy or to condition its renewal upon reduction of limits or elimination of coverages, the Assured shall be entitled to renew the Policy upon payment of the premium due on the effective date of renewal.</p>\n\n<p>17. SETTLEMENT OF CLAIM. The amount of any loss or damage for which the Company may be liable under this Policy shall be paid within thirty (30) days after proof or loss is received by the Company and ascertainment of the loss or damage is made either by agreement between the Assured and the Company or by arbitration; but if such ascertainment is not had or made within sixty (60) days after such receipt by the Company of the proof of loss, then the loss or damage shall be paid within ninety (90) days after such receipt.</p>\n\n<p>18. CHANGES IN POLICY. &nbsp;None of the provisions, conditions and terms of this policy shall be waived or altered except by endorsement signed or initialed by an authorized official of the Company and issued in accordance with the provisions of Section 50 of the Insurance Code.</p>\n\n<p>19. SHORT PERIOD RATE SCALE. &nbsp;It is hereby agreed that, in the event of this Policy being surrendered by the Assured for cancelment, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in force.</p>\n\n<p>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;1 month or less&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;20 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;2 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;30 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For&nbsp;&nbsp; &nbsp;3 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;40 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;4 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;50 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;5 Months &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;60 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;6 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;70 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For&nbsp;&nbsp; &nbsp;7 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;75 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp;&nbsp; &nbsp;8 Months &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;80 per cent. Of the Annual Rate<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; For &nbsp;&nbsp; &nbsp;9 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;85 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp; &nbsp;10 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;90 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;For &nbsp; &nbsp;11 Months&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;95 per cent. Of the Annual Rate<br />\n&nbsp;&nbsp; &nbsp;<br />\n20.&nbsp;&nbsp; &nbsp;CIVIL CODE WAIVER. IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads:<br />\n&nbsp;&nbsp; &nbsp;&ldquo;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be the basis of payment. &ldquo;shall not apply in determining the extent of liability under the provision of this Policy.</p>\n\n<p>21.&nbsp;&nbsp; &nbsp;NUCLEAR EXCLUSION. &nbsp;This Policy does not cover<br />\n(a)&nbsp;&nbsp; &nbsp;loss of destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss,<br />\n(b)&nbsp;&nbsp; &nbsp;any legal liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations &nbsp;or contamination by radioactivity from any nuclear fuel or &nbsp;from any nuclear waste from the combustion of nuclear fuel. &nbsp;For the purpose of this exclusion only combustion shall include any self-sustaining process of nuclear fission.</p>\n\n<p>The indemnity provided by this Policy shall not apply to nor include any loss, destruction, damage, or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.&nbsp;<br />\n&nbsp;&nbsp;&nbsp; &nbsp;<br />\nIMPORTANT NOTICE<br />\nThe Insurance Commission, with offices in Manila, Cebu and Davao, is the government agency in charge of the faithful execution and enforcement of all laws relating to Insurance and has supervision over insurance companies. That office is ready at all times to render assistance in settling any controversy between an Insurance Company and a Policyholder relating to insurance matters.</p>\n', '', 489, '', '2017-04-10 02:00:16', '2019-10-31 08:38:33', 2, 176),
(652, '1,2', 'PSC', 'PAIRS & SET CLAUSE', '<p>In the event of loss or damage by a peril insured against to any article or articles which are a part of a pair or set, the measure of loss or damage to such article or articles shall be, at the Insured&#39;s option :</p>\n\n<p>(a) the reasonable and fair proportion of the total value of the pair or set, giving consideration to the importance of said article or articles, but in no event shall such loss or damage be construed to mean total loss of the pair or set; or</p>\n\n<p>(b) the full value of the pair or set provided that the Insured surrenders the remaining article or articles of the pair or set to the Insurers.</p>\n', '', 490, '', '2017-04-10 02:00:16', '2018-11-20 11:09:01', 2, 215),
(653, '1', 'PTC', 'PROPERTY TERMS AND CONDITIONS (ETON)', '<p>PROPERTY TERMS AND CONDITIONS (ETON)</p>', '', 491, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(656, '1', 'PUTCC', 'PROPERTY UNDER THEIR CARE,CUSTODY & CONTROL', '<p>This insurance is extended to cover the property as described in the Schedule belongings to or being in the care, custody or control of the insured for which the insured is legally liable.</p>\n', '', 494, '', '2017-04-10 02:00:16', '2017-05-29 17:28:46', 2, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(657, '1', 'RBE', 'ROBBERY AND BURGLARY ENDORSEMENT', '<p>&nbsp;</p>\n\n<p>It is hereby declared and agreed that the insurance under this policy extends to cover loss or damage as the result of Burglary &amp;/or Robbery as defined herein:-<br />\n<br />\nBURGLARY as herein used shall mean the felonious abstraction of the Insured&#39;s property following upon violent and forcible entry or followed by violent and forcible exit from the premises or any attempt there at:<br />\n<br />\nROBBERY herein used shall mean an act by any person who, with intent to gain, takes any personal property hereby Insured, by means of violence against or intimidation of any person, using forced upon things and subject to the following conditions:<br />\n&nbsp;<br />\n1. &nbsp;All sums which may from time to time be paid as or by way of compensation for loss or damage under this endorsement in any one year of insurance for or in respect of each or any one description of property or any one specially described and valued article lost or damaged shall unless reinstated by endorsement with the consent of the company and additional premium paid be accounted in diminution of the sum insured thereon, so that in case of subsequent loss or damage during the same year or insurance the amount payable by the company shall not in any event exceed the sum insured in respect thereof nor altogether the total sum insured by this endorsement.<br />\n&nbsp;<br />\n2. &nbsp;This endorsement shall not extend to nor cover:<br />\n&nbsp; &nbsp; &nbsp;A. &nbsp;Loss or damage due to any robbery or theft or to any attempt thereat by or in collusion with any of the insured&#39;s family business staff or domestic servants or any person lawfully on the premises.<br />\n&nbsp; &nbsp; &nbsp;B. &nbsp;Loss or damage by any person, due to theft not following upon violent and forcible entry nor followed by violent and forcible exit from the premises occupied by the insured defined above.<br />\n&nbsp; &nbsp; &nbsp;C. &nbsp;Loss or damage arising from any consequence of flood, typhoon, hurricane, windstorm, volcanic eruption, subterranean fire, earthquake or other convulsion of nature, war invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, mutiny, revolution, insurrection or military or unsurped power, riots or strikes, military or popular rising, or loot, sack or pillage in connection therewith.<br />\n&nbsp; &nbsp; &nbsp;D. &nbsp;Loss or damage upon the occasion of or consequent upon fire or explosion or loss or damage which can be insured against by a fire or plate glass insurance policy.<br />\n&nbsp; &nbsp; &nbsp;E. &nbsp;Loss or damage to deeds, bonds, bills or exchange, promissory notes, money or securities for money, stamps or coin collections, plans patterns, models, moulds, designs, documents of title to property, contracts or other documents books or manuscripts unless the same be specifically insured hereunder.<br />\n&nbsp;<br />\n3. &nbsp;This documents shall cease to be in force if the premises referred to in the schedule of this policy be left uninhabited by days and nights or for a period or periods exceeding in the whole ten days or nights in any period of insurance.<br />\n&nbsp;<br />\n4. &nbsp;Upon the happening of any event giving rise or likely to give rise to a claim under this endorsement.<br />\n&nbsp; &nbsp; &nbsp; A. &nbsp;The insured shall so soon as is practicable give notice thereof in writing to the company stating the circumstances of the case and shall within fourteen days after loss or damage shall have come to his knowledge or within such further time as the company may allow in that behalf deliver to the company a claim in writing with an estimate of the intrinsic value of each article lost and the amount of damage sustained.&nbsp;<br />\n&nbsp; &nbsp; &nbsp; B. &nbsp;The insured shall furnish to the company all such particulars and evidence documentary or otherwise and execute and do all such acts and things as the company may reasonably require to substantiate the claim to discover and punish the guilty person to trace and recover the property lost and to recoup to the company so far as may be possible in respect of any amount the policy shall pay under this endorsement. The company shall bear the expense of all such particular evidence, acts and things as they may require with the above object or any of such particular evidence, acts and things as they may require with the above objects or any of them other than those required to substantiate the claim.<br />\n&nbsp;<br />\n5. &nbsp;The company may reinstate, repair or replace the property or premises lost or damaged as the case maybe instead paying the amount of the loss or damage and/or join with any other insurers in so doing in cases where the property is also insured elsewhere. &nbsp;Any lost property paid for under this endorsement shall belong to the company.<br />\n<br />\n6. &nbsp;If at the time of the happening of any loss or damage covered under this endorsement there shall be subsisting any other insurance of any nature whatsoever covering the same whether effected by the insured or not, then the company shall not be liable to pay or contribute more than its ratable proportion of such loss or damage. &nbsp; &nbsp; &nbsp;<br />\n<br />\n7. &nbsp;Nothing contained herein shall give any right against the company to any persons other than the insured his executors or administrators and the company will not be bound by any passing of the interest of the insured otherwise than by death unless and until the company shall endorse hereon declare the insurance to be continued.<br />\n<br />\n8. &nbsp;The company shall at any time by giving notice in writing to the insured by registered letter at his address as last known to the company be at liberty to determine and cancel this endorsement from the date of such notice and the company shall in that event return to the insured a proportionate part of the premium corresponding to the unexpired term of policy by like notice to the company. &nbsp;The insured may at any time determine and cancel this endorsement in which case the company will retain the customary short period rate for the time this endorsement has been in force.<br />\n<br />\n9. &nbsp;If at the time of the happening of any loss or damage the total value of the property insured under this endorsement or by each item thereof if more than one does not exceed the sum insured thereon this insurance shall be declared free of average: &nbsp;but if the amount insured be less than such total value the insured be considered as being his own insurer for the difference between the sum insured and the total value of the property insured under the endorsement or by each item thereof as from the case may be and shall bear a ratable share of the loss accordingly.<br />\n<br />\n10. &nbsp;If any claim be made by or on behalf of the insured shall be in any respect unfounded or fraudulent or intentionally exaggerated or if any false declaration or statement shall be made in support of any claim. &nbsp;The company shall not be liable to make any payment whatsoever under this endorsement.<br />\n<br />\n11. &nbsp;The insured shall take all due precautions for the safety of the property insured as regard selection and supervision of employees securing with all existing protective devices all doors and windows and other means of entrance and otherwise and shall not do suffer or permit anything whereby the risk of the company shall be increased and this endorsement shall cease to be in force so far as regard any of the property or articles thereby insured if the insured shall make any change or alteration in the premises on the particulars and information set forth in the proposal to insure are no longer correct statements of the facts. &nbsp;</p>\n', '', 495, '', '2017-04-10 02:00:16', '2019-10-09 13:27:55', 2, 194),
(658, '1', 'RCE', 'REPLACEMENT COST ENDORSEMENT', '<p><br />\nThe Insurer may at its option, replace the property damaged or destroyed, or any part thereof, instead of paying the amount of the loss or damage, or may join with any other Company or Insurers in so doing, but the Insurer shall not be bound to replace exactly or completely, but only as circumstances permit and in reasonably sufficient manner, and in no case shall the Insurer be bound to expend more in repair that it would have cost to repair such property as it was at the time of the occurrence of such loss or damage, nor more than the sum insured thereon.</p>\n\n<p>If the Insurer so elects to replace any property the Insured shall, at his own expense, furnish the Insurer with such plans, specifications, measurements, quantities and such other particulars as the Insurer may require, and no acts done, or caused to be done by the Insurer with a view to replace shall be deemed an election by the Insurer to replace.</p>\n\n<p>If in any case the Insurer shall be unable to replace the property hereby insured, because of any municipal or other regulations in force affecting the alignment of streets, or the construction of buildings, or otherwise, the Insurer shall, in every such case, only be liable to pay such sum as would be required to replace such property if the same could lawfully be repaired to its former condition. &nbsp;&nbsp;</p>\n', '', 496, '', '2017-04-10 02:00:16', '2017-05-31 19:01:10', 2, 194),
(660, '1', 'REC', 'RADIOACTIVE EXCLUSION CLAUSE', '<p><br />\nAny loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any of the following regardless of any other cause or event contributing concurrently or in any other sequence to the loss:</p>\n\n<p>- ionising radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear waste or from the combustion of nuclear fuel</p>\n\n<p>- the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear installation, reactor or other nuclear assembly or nuclear component thereof</p>\n\n<p>- &nbsp;any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter. &nbsp;</p>\n', '', 498, '', '2017-04-10 02:00:16', '2018-01-30 12:50:14', 2, 194),
(662, '1', 'RID', 'REINSTATEMENT OF IMPORTANT DOCUMENTS', '<p>It is hereby declared and agreed that this Policy is extended to cover loss or damage to documents, business books registered mortgages ( including documentary and science stamps), bill of lading, warehouse warranties but only for the value of the materials as stationery, together with the cost of clerical labor expended in writing up and not for the value of the insured of the information contained therein for an amount nor exceeding (as stated in the policy schedule) per occurrence in respect of any documents, business books, registered mortgages, bill of lading and warehouse warrants but not exceeding (as stated in the policy schedule) in annual aggregate.</p>\n', '', 500, '', '2017-04-10 02:00:16', '2017-05-29 17:29:26', 2, 194),
(663, '1', 'RLK', 'REPLACEMENT OF LOCK AND KEYS', '<p>It is hereby declared and agreed that in the event that hte keys to the locks of:<br />\n&nbsp;a) external doors of the home<br />\n&nbsp;b) alarm systems or domestic safes fitted in the home are accidentally lost or stolen, the company shall pay the cost of replacing the locks or lock mechanism up to the limit shown on the policy schedule. &nbsp;</p>\n', '', 501, '', '2017-04-10 02:00:16', '2017-05-31 19:04:49', 2, 194),
(667, '1', 'RVE', 'REPLACEMENT/REINSTATEMENT VALUE ENDORSEMENT', '<p>It is hereby declared and agreed that notwithstanding what is stated in the printed conditions of this policy to the contrary, in the event of the property insured, which shall be kept in a state of through repair, under this policy being destroyed or damaged the basis upon which the amount payable under (each of the said Items of ) the policy is to be calculated shall be reinstatement of the property destroyed or damage, subject to the following special provisions and subject also to the terms and conditions of the policy except &nbsp;in so far as the same may be varied hereby.</p>\n\n<p>For the purpose of the insurance under this memorandum &quot;Reinstatement&quot; shall mean :</p>\n\n<p>The carrying out of the aftermentioned work, namely -</p>\n\n<p>(a) &nbsp;Where property is destroyed, the rebuilding of the property, if a building, or, in the case of other property, its replacement by the similar property, in either case in a condition equal to but not better or more extensive than its condition when new, provided the Alliedbankers Insurance Corporation - shall not be liable for any loss occasioned by the enforcement of any statute, municipal or city ordinance regulating the construction or repair of buildings.</p>\n\n<p>(b) &nbsp;Where property is damaged, the repair of the damage and the restoration of the damaged portion of the property to a condition substantially the same as but not better or more extensive than its condition when new.</p>\n\n<p>SPECIAL PROVISIONS</p>\n\n<p>1. The work of reinstatement (which may be carried out upon another site and in any manner suitable to the requirements of the Insured subject to the liabilities of the Alliedbankers Insurance Corporation not being thereby increased) must be commenced and carried out with reasonable dispatch and in any case must be completed within six months after the destruction or damage or within such further time as the Alliedbankers may (during the said six months) in writing allow, otherwise, no payment beyond the amount which would have been payable under the policy if this memorandum had not been incorporated therein shall be made.</p>\n\n<p>2. When any property insured under this memorandum is damaged or destroyed in part only the liability of the Alliedbankers Insurance Corporation shall not exceed the sum presenting the cost which the Alliedbankers Insurance Corporation could have been called upon to pay for reinstatement if such property had been wholly destroyed.</p>\n\n<p>3. No payment beyond the amount which would have been payable under the policy if this memorandum had not been incorporated therein shall be made until the cost of reinstatement shall have been actually incurred.</p>\n\n<p>4. Each item insured under this memorandum is declared to be separately subject to the following Condition of Average, namely :</p>\n\n<p>&nbsp; &nbsp;If at the time of reinstatement the sum representing the cost which would have been incurred in reinstatement if the whole of the property covered by such item had been destroyed, exceeds the sum insured thereon at the breaking out of any fire or at the commencement of any destruction of or damage to such property by any other peril thereby insured against, then the Insured shall be considered as being his own insurer for the excess and shall bear a ratable proportion of the loss accordingly.</p>\n\n<p>5. The Alliedbankers Insurance Corporation shall not be liable for the cost of removing the debris of the damage or destroyed property to be reinstated or replaced.</p>\n\n<p>6. No payment beyond the amount which would have been payable under the policy if this memorandum had not been incorporated therein shall be made if at the time of any destruction or damage to any property insured hereunder such property shall be covered by any other insurance effected by or on behalf of the Insured which is not upon the identical basis of reinstatement set forth herein.</p>\n\n<p>7. When the Insured is unable or unwilling to replace or reinstate the property destroyed or damaged on the same or another site or where by reason of any of the above special provisions no payment is to be made beyond the amount which would have been payable under the policy if this memorandum had not been incorporated therein the rights and liabilities of the Alliedbankers Insurance Corporation and the Insured in respect of the destruction or damage shall be subject to the terms and conditions of the policy, including any Condition of Average therein, as if this memorandum had not been incorporated therein.</p>\n', '', 505, '', '2017-04-10 02:00:16', '2021-06-25 11:21:38', 2, 194),
(668, '1', 'SBW', 'SPRAY BOOTHS WARRANTY', '<p>SPRAY BOOTHS WARRANTY</p>', '', 506, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(669, '1', 'SCC', 'START OF COVERAGE/PAYMENT', '<p>Coverage of the insured property shall start upon the issuance of the CONFIRMATION of INSURANCE. &nbsp; For properties mortgaged as collateral under the BSP PF Housing Loan windows, the Provident Fund Offices shall make premium payment, within (5) working days from the receipt of the certificate of insurance.&nbsp;</p>\n', '', 507, '', '2017-04-10 02:00:16', '2017-05-22 10:34:17', 2, 194),
(670, '1', 'SDE', 'STOCKS DECLARATION ENDORSEMENT', '<p><br />\n1. In consideration of the premium by this policy being provisional in that it is calculated on 75% of the sum insured hereby and is subject to adjustment on expiry of each period of insurance.</p>\n\n<p>&nbsp; &nbsp;The Insured agrees to declare to the Company in writing the value of his stocks (other than retail) less any amount insured by policies other than declaration policies on the following basis, namely the average value risk on the end of each month which relates and to make such declaration within seven days of this day, such declaration to be signed by the Insured or by a responsible person authorized to sign on his behalf.</p>\n\n<p>&nbsp; &nbsp;If other policies on a declaration basis cover the stocks hereby insured the declaration shall be made so as to apportion to each policy a share of the value of the stocks insured under such declaration policies pro-rata to the respective amounts named in the policies.</p>\n\n<p>&nbsp; &nbsp;In the event of a declaration not being made within the seven days mentioned above then the Insured shall be deemed to have declared the sum Insured hereby as the value at risk. &nbsp;On the expiry of each period of insurance the premium shall be calculated at the rate of 100% on the average sum insured, namely, the total of the values declared or deemed to have been declared divided by the number of declaration due to have been made. &nbsp;If the resultant premium be greater than the provisional premium the Insured shall pay the difference; &nbsp;if it be less the Company shall retain provisional premium.</p>\n\n<p>2. If after the occurrence of a loss it is found that the amount of the last declaration previous to the loss is less than the amount that ought to have been declared, then the amount which would have been recoverable by &nbsp;the Insured shall be reduced in such proportion as the amount of the said last declaration bears to the amount that ought to have been declared.</p>\n\n<p>3. Notwithstanding the occurrence of a loss it is understood that the sum insured will be maintained at all times during the currency of the policy and the Insured therefore undertakes to pay extra premium on the amount of loss pro-rata from the date of such loss to the expiry of the period of insurance, the premium being calculated at the rate applicable to the stocks destroyed and such extra premium shall not be taken into account &nbsp;in and shall be distinct from the final adjustment of premium.</p>\n\n<p>4. In the event of this policy being cancelled by the Insured during its currency (whether stocks exist or not) the premium to be retained by the Company shall be the appropriate short period premium calculated on the average amount insured up to the date of the cancellation, but if the policy is cancelled by the Insured after a loss has occurred the premium to be retained by the Company shall be the pro-rata proportion of the premium calculated on the average amount insured up to the date of cancellation plus the pro-rata proportion of the premium from the date of loss to the expiry of the period of insurance on the amount of the loss paid or &nbsp;the provisional premium whichever is the greater.</p>\n\n<p>5. The maximum liability of the Company shall not exceed the sum insured hereby and premium shall not be receivable on values in excess thereof. &nbsp;The sum insured may, however, be increased by prior agreement with the Company, in which event the new sum insured and the date from which it is effective will be recorded on the policy by endorsement.</p>\n\n<p>6. It is warranted that every policy covering the insured&#39;s stocks on a declaration basis shall be identical in wording.</p>\n\n<p>7. This insurance is subject in all respects to the printed conditions of the policy except in so far as they may be varied by these Special Conditions.&nbsp;</p>\n', '', 508, '', '2017-04-10 02:00:16', '2017-05-31 18:58:58', 2, 194),
(671, '1', 'SDE70', 'STOCKS DECLARATION ENDORSEMENT - 70%', '<p><br />\n1. In consideration of the premium by this policy being provisional in that it is calculated on 70% of the sum insured hereby and is subject to adjustment on expiry of each period of insurance.</p>\n\n<p>&nbsp; &nbsp;The Insured agrees to declare to the Company in writing the value of his stocks (other than retail) less any amount insured by policies other than declaration policies on the following basis, namely the average value risk on the end of each month which relates and to make such declaration within seven days of this day, such declaration to be signed by the Insured or by a responsible person authorized to sign on his behalf.</p>\n\n<p>&nbsp; &nbsp;If other policies on a declaration basis cover the stocks hereby insured the declaration shall be made so as to apportion to each policy a share of the value of the stocks insured under such declaration policies pro-rata to the respective amounts named in the policies.</p>\n\n<p>&nbsp; &nbsp;In the event of a declaration not being made within the seven days mentioned above then the Insured shall be deemed to have declared the sum Insured hereby as the value at risk. &nbsp;On the expiry of each period of insurance the premium shall be calculated at the rate of 100% on the average sum insured, namely, the total of the values declared or deemed to have been declared divided by the number of declaration due to have been made. &nbsp;If the resultant premium be greater than the provisional premium the Insured shall pay the difference; &nbsp;if it be less the Company shall retain provisional premium.</p>\n\n<p>2. If after the occurrence of a loss it is found that the amount of the last declaration previous to the loss is less than the amount that ought to have been declared, then the amount which would have been recoverable by &nbsp;the Insured shall be reduced in such proportion as the amount of the said last declaration bears to the amount that ought to have been declared.</p>\n\n<p>3. Notwithstanding the occurrence of a loss it is understood that the sum insured will be maintained at all times during the currency of the policy and the Insured therefore undertakes to pay extra premium on the amount of loss pro-rata from the date of such loss to the expiry of the period of insurance, the premium being calculated at the rate applicable to the stocks destroyed and such extra premium shall not be taken into account &nbsp;in and shall be distinct from the final adjustment of premium.</p>\n\n<p>4. In the event of this policy being cancelled by the Insured during its currency (whether stocks exist or not) the premium to be retained by the Company shall be the appropriate short period premium calculated on the average amount insured up to the date of the cancellation, but if the policy is cancelled by the Insured after a loss has occurred the premium to be retained by the Company shall be the pro-rata proportion of the premium calculated on the average amount insured up to the date of cancellation plus the pro-rata proportion of the premium from the date of loss to the expiry of the period of insurance on the amount of the loss paid or &nbsp;the provisional premium whichever is the greater.</p>\n\n<p>5. The maximum liability of the Company shall not exceed the sum insured hereby and premium shall not be receivable on values in excess thereof. &nbsp;The sum insured may, however, be increased by prior agreement with the Company, in which event the new sum insured and the date from which it is effective will be recorded on the policy by endorsement.</p>\n\n<p>6. It is warranted that every policy covering the insured&#39;s stocks on a declaration basis shall be identical in wording.</p>\n\n<p>7. This insurance is subject in all respects to the printed conditions of the policy except in so far as they may be varied by these Special Conditions.&nbsp;</p>\n', '', 509, '', '2017-04-10 02:00:16', '2017-05-31 18:59:35', 2, 194),
(672, '1', 'STD-EXP-ENDT', 'STANDARD EXPLOSION ENDORSEMENT', '<p>IT IS HEREBY DECLARED AND AGREED THAT the insurance under this policy, shall be subject to the Special Conditions hereinafter contained, extend to include:-</p>\n\n<p>Loss of or damage to the property insured by fire or otherwise directly caused by explosion, but including loss of or damage to boilers, economizers or other vessel, machinery or apparatus in which pressure is used or their contents resulting from their explosion.</p>\n\n<p>PROVIDED always that all the conditions of this Policy (except insofar as Condition No. 8(h) is hereby expressly varied) &nbsp;shall apply as if they had been incorporated herein and for the purpose hereof any loss or damage by explosion as aforesaid shall be deemed to be loss or damage by fire within the meaning of this policy.</p>\n\n<p>SPECIAL CONDITIONS:</p>\n\n<p>(1) &nbsp;The Company shall not be liable, under this extension, for loss or damage occasioned by or through or in consequence, directly or indirectly, of any act of any &nbsp;person acting on behalf of , or in connection with, any organization with activities directed towards the overthrow by force of the Government &nbsp;&quot;dejure&quot; or &nbsp;&quot;de facto&quot; &nbsp;or to the influencing of it by terrorism or violence. &nbsp;In any action, suit or other proceeding, where the Company alleges that by reason of the provisions of this Conditions any loss or damage is not covered by this insurance, the burden of proving that such loss or damage is covered shall be upon the Insured.</p>\n\n<p>(2) &nbsp;If there shall be any other fire insurance on the property insured under this policy, the Company shall be liable only pro-rata with such other fire insurance for any loss or damage by explosion whether or not such other &nbsp;fire insurance be extended to cover loss or damage by explosion.</p>\n\n<p>(3) &nbsp;The Company shall not be liable under this extension for loss or damage which at the time of the happening of such loss or damage is insured by or would, but for the existence of this extension, 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 &nbsp;other policy or policies had this insurance not been affected.&nbsp;</p>\n', '', 510, '', '2017-04-10 02:00:16', '2018-03-06 10:38:58', 2, 194),
(673, '1', 'SEVLI', 'SEVERAL LIABILITY', '<p>Where more than one insurer subscribes to this policy, it should be noted that:</p>\n\n<p>The subscribing insurers&#39; obligations under contracts of insurance to which they subscribe, are several and not joint and are limited solely to the extent of their individual subscription.<br />\n&nbsp;</p>\n', '', 511, '', '2017-04-10 02:00:16', '2017-07-04 16:49:27', 2, 194),
(675, '1', 'SOCC', 'SETTLEMENT OF CLAIM CLAUSE', '<p>The amount of any loss or damage for which the company may be liable under this policy shall be paid within thirty days after proof of loss or damage is received by the Company and ascertainment of the loss or damage is made either by agreement between the insured and the company or by arbitration; but if such ascertainment is not had or made within sixty days after such receipt by the company of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. &nbsp;Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the insured to collect interest on the proceeds of the policy for the duration of the delay at the rate of SIX PERCENT PER ANNUM, unless such failure or refusal to pay is abased on the grounds that the claim is fraudulent.</p>\n', '', 513, '', '2017-04-10 02:00:16', '2017-06-19 11:14:08', 2, 194),
(676, '1', 'SRW', 'SILENT RISK WARRANTY', '<p>&nbsp;<br />\nIt is hereby declared and agreed that no fabricating and/or processing and/or manufacturing activity whatsoever shall be carried on within the building to which this insurance applies or to any building communicating therewith.</p>\n\n<p>Breach of this Condition shall render this policy null and void.</p>\n', '', 514, '', '2017-04-10 02:00:16', '2017-09-25 11:03:55', 2, 194),
(677, '1', 'SSCF', 'SPORTS AND SOCIAL CLUBS FACILITIES', '<p>The Insured&#39;s business shall be understood to include the provision of social, sports and welfare activities for the benefits of the Insured&#39;s employees.</p>\n\n<p>For the purpose of this endorsement the Company will treat as though he were the Insured any employee whilst engaged in the above-mentioned activities provided that:</p>\n\n<p>&nbsp; &nbsp;- Such employee is not entitled to indemnify under any other Policy</p>\n\n<p>&nbsp; &nbsp;- Such employee shall observe the Terms of this Policy insofar as they can apply;<br />\n&nbsp;&nbsp;<br />\n&nbsp; &nbsp;- If in respect of any claim or number of claims arising out of one cause the Company is liable to indemnify more than one party the total amount of indemnity to all parties shall not exceed the Limit of Liability stated in the Schedule of this Policy.</p>\n', '', 515, '', '2017-04-10 02:00:16', '2017-07-04 16:53:22', 2, 194),
(678, '1', 'STEEC', 'SABOTAGE & TERRORISM EXCLUSION CLAUSE', '<p>It is hereby understood and agreed, that notwithstanding any other war risk or terrorism exclusion that may be in the policy or any clause limiting or attemting to limit the application of any endorsements to the policy, this policy is amended as follows:</p>\n\n<p>The policy does not cover loss or damage to property caused by, resulting from, contributed to or aggravated by any of the following perils, whether such loss or damage is accidental or intentional, intended or unintended, direct or indirect, proximate or remote or in whole or in part caused by, contributed to or aggravated by any perils insured by the policy.</p>\n\n<p>(1) war, hostils or warlike action in time of peace or war, whether or not declared, including action in hindering, conbating or defending against an actual, impending or expected attach.</p>\n\n<p>(a) by government or sovereign power (de jure or de facto) or by any authority maintaining or using military, naval or air forces; or<br />\n(b) by military, naval or air forces; or<br />\n(c) by an agent of any such government, power, authority or force.</p>\n\n<p>(2) any weapon of war employing atomic fission or radioactive force whether is time of peace or war, whether or not its discharge was accidental;</p>\n\n<p>(3) insurrection, mutiny, civil commotion assuming the proportion of or amounting to a popular rising, rebellion, revolution, sabotage, civil war, usurped power, or action taken by government authority in hindering, combating, or defending against such an occurrence, seizure or destruction;</p>\n\n<p>(4) any act of one or more persons, whether known or unknown and whether or not agents of a sovereign power, for terrorist purposes.</p>\n\n<p>(5) Hijacking or any unlawful seizure or wrongful exercise or control of any mode of transportation, including but not limited to aircraft, watercraft, truck(s), tran(s) or automovile (s), including any attempted seizure of control, made by any person or persons.</p>\n\n<p>Such loss or damage is excluded regardless of any other cause, event of intervention that contributes concurrently or in any sequence to the loss or damage.</p>\n\n<p>Terrorist purposes mean the use or threatened use of any unlawful means, including the use of force or violence against any person (s) or property (ies), for the actual or pparent purpose of intimidating, coercing, punishing or affecting society or same portion of society or government.&nbsp;</p>\n', '', 516, '', '2017-04-10 02:00:16', '2017-07-19 13:29:16', 2, 194),
(679, '1', 'STEND', 'STORM ENDORSEMENT', '<p><br />\nIT IS HEREBY UNDERSTOOD AND AGREED THAT in consideration of the payment by the Insured to the Company of an additional premium, it is hereby agreed that this Insurance as herein defined subject to the Special Conditions hereinafter contained extends to include loss or damage directly caused by storm.</p>\n\n<p>DEFINITION:<br />\n===========</p>\n\n<p>The term Typhoon/Storm as used in this endorsement shall be understood to mean a Typhoon or Storm as recorded by the Weather Bureau.</p>\n\n<p>SPECIAL CONDITIONS:<br />\n===================</p>\n\n<p>1. It is a condition of this insurance that the Insured undertakes to exercise all ordinary and reasonable precautions for the safety of the property.</p>\n\n<p>2. Unless liability is specifically assumed by amendment to this endorsement, the Company shall not be liable for loss or damage to buildings in the course of construction or reconstruction (or their contents) unless entirely enclosed and under roof with all outside doors and windows permanently in place, or property contained in any portion of any building described in this policy not &nbsp; &nbsp; &nbsp; completely enclosed and roofed.</p>\n\n<p>3. The Company shall not be liable for:</p>\n\n<p>&nbsp; &nbsp;A. Loss or damage caused directly or indirectly by flood, tidal wave, high water or overflow whether driven by wind or not. The Company shall not beliable for loss and/or damage caused directly or indirectly by backing up orsewers, drains, canals, creeks, rivers and/or storm drainage system.</p>\n\n<p>&nbsp; &nbsp;B. Loss or damage caused directly or indirectly by landslide, subsidence, cloudburst or explosion, whether incidental to Typhoon or by theft whether occurring during or after a Typhoon or by the neglect of the Insured to use all reasonable means to save and preserve the property during and after a &nbsp; &nbsp; &nbsp; Typhoon.</p>\n\n<p>&nbsp; &nbsp;C. Loss or damage caused by rain whether driven by wind or not, unless the building insured or containing the property insured shall first sustain an actual damage to roof or walls by the direct force of a Typhoon and shall then be liable for such loss or damage to the building or insured property therein as may be caused by rain entering the building through openings in the roof or walls made by direct action of such Typhoon.</p>\n\n<p>&nbsp; &nbsp;D. Water damage as a result of doors, windows, transoms or roof lights being left open, notwithstanding the existence or presence &nbsp;of Typhoon.<br />\n&nbsp;<br />\n&nbsp; &nbsp;E. Loss or damage to any building, or the contents thereof, if on the happening of such loss or damage the building was already in a damaged, defective, fallen or displaced condition as regards foundations, walls, ceiling, roofs, roof gutters and flushing, roof lights, air vents, doors, windows and transoms.&nbsp;</p>\n\n<p>&nbsp; &nbsp;F. Loss or damage occasioned by or through or in consequence of the Action or order of any government or public authority.</p>\n\n<p>4. In the event of this Policy being surrendered by the Insured for cancellation, the Company shall retain 100% of the premium notwithstanding what is stated in Condition Nos. 11 and 12 of this Policy to the contrary.</p>\n\n<p>5. IT IS UNDERSTOOD AND AGREED THAT the Insured shall bear that portion of the loss or damaged caused by typhoon to each affected item of insured property equivalent to 2% of its actual cash value at the time of loss, for each claim or series of claims arising out of any one typhoon occurrence the duration and extent of which shall be limited to 168 consecutive hours. For the purpose of this clause, the following shall be considered as separate items of insured property, regardless of what is indicate in the policy schedule:<br />\n&nbsp;<br />\n&nbsp; &nbsp;a. Each building, including machinery, equipment and fixtures normal to its operation;<br />\n&nbsp; &nbsp;b. All machinery and equipment contained in each building;<br />\n&nbsp; &nbsp;c. All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in each building;<br />\n&nbsp; &nbsp;d. All other contents contained in each building.</p>\n\n<p>&nbsp; &nbsp;In case of other insurances on the same item of property, this clause shall apply only once regardless of the number of policies or insurers.</p>\n\n<p>&nbsp; &nbsp;It is further understood and agreed that in the computation of the claims payable, Condition No. 20 (Average Clause) of this Policy shall apply after the application of the deductible provided herein.</p>\n\n<p>6. Provided always that all the conditions of the policy shall apply except as they may be hereby expressly varied.</p>\n\n<p>EXCEPT AS VARIED BY THIS ENDORSEMENT, all other terms and conditions remain the same.&nbsp;</p>\n', '', 517, '', '2017-04-10 02:00:16', '2017-07-04 16:56:55', 2, 194),
(681, '1,5,6', 'TDLEC', 'TRANSMISSION AND DISTRIBUTION LINE EXCLUSION CLAUSE', '<p>All transmission and distribution lines, including wire, cables, poles, pylons, standards, towers and any equipment of any type which may be attendant to such installations, including sub-stations of any description. This exclusion includes but is not limited to transmission or distribution of electrical power, telephone or telegraph signals, and all communication signals whether audio or visual.<br />\n<br />\n<!--StartFragment--><!--EndFragment-->This exclusion applies to both above and below ground equipment which are more than (1) km. radius from an insured structure.</p>\n\n<p>This exclusion applies both to physical loss or damage to the equipment and all business interruption, consequential loss, and/or other contingent losses related to transmission and distribution lines.</p>\n', '', 519, '', '2017-04-10 02:00:16', '2018-05-18 11:11:06', 2, 194),
(682, '1', 'TECCE', 'TERRORISM EXCLUSION CLAUSE FOR CONTAMINATION AND EXPLOSIVES', '<p>TERRORISM EXCLUSION CLAUSE FOR CONTAMINATION AND EXPLOSIVES</p>', '', 520, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(683, '1', 'TIMP', 'TEMPORARY IMPAIRMENT', '<p><br />\nThis policy shall not be restricted or invalidated if there should be any temporary impairment to any protection system, with or without the knowledge of the Insured, or if the subject property shall be vacant or unoccupied.&nbsp;</p>\n', '', 521, '', '2017-04-10 02:00:16', '2018-01-30 12:48:46', 2, 194),
(684, '1', 'TLC', 'TRANSFER OF LOCATION CLAUSE', '<p>TRANSFER OF LOCATION CLAUSE</p>', '', 522, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(688, '1', 'VALCL', 'VALUATION CLAUSE', '<p>Notwithstanding what has been stated to the contrary under this Policy, it is hereby declared and agreed that in the event of loss or damage to merchandise (finished stock), the basis of loss settlement shall be (as stated in the policy schedule) of the said merchandise or finished stocks, at the time of the loss, provided that declaration of values shall be made on the same basis; otherwise, no payment shall be made beyond amount which would have been payable under this policy if this clause has not been incorporated therein.</p>\n', '', 526, '', '2017-04-10 02:00:16', '2017-05-29 17:30:43', 2, 194),
(689, '1', 'VL500', 'VEHICLE LOAD - UP TO P500,000.00', '<p>VEHICLE LOAD - UP TO P500,000.00</p>', '', 527, '', '2017-04-10 02:00:16', '2017-04-10 02:00:16', 2, 2),
(690, '1', 'VPOE', 'VALET PARKING LIABILITY ENDORSEMENT', '<p>It&nbsp;is hereby declared and agreed that the coverage of the Policy is extended to include the legal liability of the Insured for damages arising from loss or physical damage to automobiles while such automobile/s is/are in the care, custody, or control of the Insured&#39;s employees (valet).</p>\n\n<p>It is further agreed that bodily injury inflicted to third parties by the Insured&#39;s employees (valet) whilst operating or driving automobiles in their care, custody, or control, is included.</p>\n\n<p>&nbsp;&nbsp; &nbsp;Provided that the Company&#39;s liability shall not exceed:<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; As per policy schedule</p>\n\n<p>Nothing herein contained shall be held to vary, alter, waive, or extend any of the Agreement, Conditions, Declarations, Exclusions, Limitations, or Terms of the Policy or any Coverage thereof other than as above stated.</p>\n', '', 528, '', '2017-04-10 02:00:16', '2020-02-04 13:17:16', 2, 194),
(691, '1', 'WO3', 'WAREHOUSE OCCUPANCY III', '<p>TO : ALLIEDBANKERS INSURANCE CORPORATION</p>\n\n<p>I/We hereby declare and agree that no goods or merchandise as specified hereunder shall be stored or kept for sale in the warehouse located as above, or in the open within 9.00 m (30 feet) thereof, or in any building communicating therewith to an extent exceeding in aggregate five percent (5%) of the total value of goods or merchandise contained in the said warehouse.</p>\n\n<p>The specified goods or merchandise prohibited for storage are:-</p>\n\n<p>Acetone &nbsp; &nbsp; &nbsp;<br />\nAcetylene<br />\nAcids (concentrated)<br />\nAlcohol<br />\nAmmunition<br />\nBisulphide of Carbon<br />\nBone Meal<br />\nCalcium Carbide<br />\nCamphine<br />\nCaps for toy pistols<br />\nCarbonic acid gas<br />\nCartridges<br />\nCelluloid<br />\nCollodion<br />\nCopra products not hydraulic pressed<br />\nEnamels<br />\nExplosives of all kinds including percussion caps<br />\nFireworks and firecrackers&nbsp;<br />\nFish meal<br />\nFlammable gas in metal cylinders such as but not limited to butane, hydrogen, methane, oxygen and acetylene &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nFlammable liquids, solutions or paste, and/or oils (animal and/or vegetable and/or mineral), with flash points below 150 C (300 F) such as but not limited to enamels, printing ink, lacquers, paints, paints removers, solvents, thinners, varnish and varnish removers<br />\nFulminating powder<br />\nGunpowder<br />\nKapok (loose)<br />\nLacquers<br />\nLacquers Paint<br />\nNaphthalene<br />\nNitroglycerine<br />\nOils with flash point below 150 C (300 F)<br />\nPaint removers<br />\nPhosphorus<br />\nPrinting ink<br />\nResins (natural or synthetic) having a flash point below 150 C (300 F)<br />\nRockets<br />\nSolvents<br />\nThinners<br />\nVarnish and/or varnish removers<br />\nWaterproofing compounds (film-forming) with flash point below 150 C (300 F) &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nI/We understand that breach of this undertaking will render my policies issued pursuant hereto null and void.</p>\n\n<p>Dated in &nbsp;MANILA this_______day of ______________ 20______.</p>\n\n<p>Signed : __________________________________________<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Assured or Authorized Representative)</p>\n', '', 529, '', '2017-04-10 02:00:16', '2017-05-10 10:38:43', 2, 69),
(692, '1', 'WO4', 'WAREHOUSE OCCUPANCY IV', '<p>TO: &nbsp;ALLIEDBANKERS INSURANCE CORPORATION</p>\n\n<p>Warehouses used for the storage of any or a combination of the following merchandise or goods:</p>\n\n<p>Acetone such as but not limited to<br />\nAcetylene enamels, printing ink, lacquers,&nbsp;<br />\nAcids ( concentrated ) paints, paint removers, solvents, &nbsp;&nbsp;<br />\nAlcohol thinners, varnish and varnish &nbsp;&nbsp;<br />\nAmmunition removers<br />\nBisulphide of carbon Fulminating powder &nbsp; &nbsp; &nbsp; &nbsp;<br />\nBone Meal Gunpowder<br />\nCalcium Carbide Kapok (loose)<br />\nCamphine Lacquers<br />\nCaps for toy pistols Lacquer Paint &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nCarbonic acid gas Napthalene &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nCatridges Nitroglycerine &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nCellucid Oils with point below 150 C<br />\nCollodion 300% &nbsp;&nbsp;<br />\nCopra products not hydraulic Paint removers ressed Phosphorus<br />\nEnamels Printing ink &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nExplosives of all kinds including Resins (natural or synthetic) Percussion caps having a flash point below &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />\nFireworks and firecrackers 150 C (300 FP &nbsp; &nbsp; &nbsp;<br />\nFish meal Rockets&nbsp;<br />\nFlammable gas in metal cylinders Solvents such as but not limited to Thinners butane, hydrogen, methane, Varnish and/or varnish removers oxygen and acetylene Waterpoofing compounds (film-Flammable liquids, solutions or forming) with flash point below paste, and/or oils (animal and/or 150 C (300 F) vegetable and/or mineral), with flash points below 150 C (300 F) &nbsp;</p>\n\n<p>I / We understand that breach of this undetaking will render my policies issued pursuant hereto &nbsp;null and void.</p>\n\n<p>Date in _______________________ &nbsp;this _________ day of ___________, 20____</p>\n\n<p><br />\nSigned : _______________________________________<br />\n&nbsp; &nbsp; &nbsp; &nbsp; ( Assured or Authorized Representative )</p>\n', '', 530, '', '2017-04-10 02:00:16', '2018-01-15 08:50:17', 2, 194),
(693, '1', 'WOA', 'WORKS OF ART', '<p>Notwithstanding what has been stated to the contrary under this Policy, it is hereby declared and agreed that this policy covers loss or damage to works of arts as display or decoration. &nbsp;</p>\n', '', 531, '', '2017-04-10 02:00:16', '2017-05-29 17:32:32', 2, 194),
(694, '1', 'WOSR', 'WAIVER OF SUBROGATION CLAUSE', '<p>It is hereby declared and agreed that in the event of a claim under this Policy the Insurers agrees to waive any rights, remedies or relief to which they might become subrogated against 1) any company standing in the relation of parent to subsidiary or subsidiary to parent to the Insured or any who is a subsidiary or a parent insurer which the Insured are themselves a subsidiary 2) the Co-Insureds and 3) Lenders.</p>\n', '', 532, '', '2017-04-10 02:00:16', '2017-05-29 17:31:30', 2, 194),
(695, '1', 'WSR', 'WAIVER OF SUBROGATION RIGHTS (FIRE)', '<p>It is hereby declared and agreed that in the event of a claim under this Policy the Insurers agrees to waive any rights, remedies or relief to which they might become subrogated against 1) any company standing in the relation of parent to subsidiary or subsidiary to parent to the Insured or any who is a subsidiary or a parent insurer which the Insured are themselves a subsidiary 2) the Co-Insureds and 3) Lenders.</p>\n', '', 533, '', '2017-04-10 02:00:16', '2017-05-29 17:31:46', 2, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(698, '2', 'ICAIR', 'INSTITUTE CARGO CLAUSES (AIR) (EXCL. SENDING BY POST) 1/1/82', '<p>Risk Cover<br />\n1. &nbsp; This insurance covers all risk of loss of or damage to the subject-matter insured except as&nbsp;<br />\n&nbsp; &nbsp; &nbsp;provided in Clauses 2, 3 and 4 below.</p>\n\n<p>EXCLUSIONS<br />\n2. &nbsp; In no case shall this insurance cover<br />\n&nbsp; &nbsp; &nbsp;2.1 &nbsp; loss damage or expense attributable to willful misconduct of the Assured<br />\n&nbsp; &nbsp; &nbsp;2.2 &nbsp; ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject-matter insured.<br />\n&nbsp; &nbsp; &nbsp;2.3 &nbsp; loss damage or expense caused bu insufficiecy or unusitability of packing or preparation<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;of the subject-matter insured (for the purpose of this Clause 2.3 &quot;packign&quot;shall be&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;deemed to include stowage in a container of liftvan but only when such stowage is carried<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;ourt prior&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;to attachedment of this insurance or by the Assured or their sevants}<br />\n&nbsp; &nbsp; &nbsp;2.4 &nbsp; loss damage or expese caused by inherent vice or nature of the subject-matter insured<br />\n&nbsp; &nbsp; &nbsp;2.5 &nbsp; loss damage or expense arising from unfitness of aircraft conveyance container of liftvan&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;for the safe carriage of the subject-matter insured where the Assured or their servants&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;are &nbsp; privy to such unfitness at the time the subject-matter insured is loaded therein<br />\n&nbsp; &nbsp; &nbsp;2.6 &nbsp; loss damage or expense proximately cause by delay, even though the delay be cuased by a&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;risk insured against<br />\n&nbsp; &nbsp; &nbsp;2.7 &nbsp; loss damage or expense arising from insolvency or financial default of the owners&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;managers<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;charterers of operators of the aircraft<br />\n&nbsp; &nbsp; &nbsp;2.8 &nbsp; loss damage or expense arising from the use of any weapon of war employing atomic or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;nuclear fission and/or fusion or other like reaction or radioactive force or matter.</p>\n\n<p>3. &nbsp; In no case shall this insurance cover loss damage or expense caused by<br />\n&nbsp; &nbsp; &nbsp;3.1 &nbsp; war civil war revolution rebellion insurrection, or civil strife arising therefrom, or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;any hostile act by or against a beligerent power<br />\n&nbsp; &nbsp; &nbsp;3.2 &nbsp; capture seizure arrest restraint or detainment (piracy excepted), and the consequences&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;thereof or any attempt thereat<br />\n&nbsp; &nbsp; &nbsp;3.3 &nbsp; derelict mines torpedoes bombs or other derelic weapons of war.</p>\n\n<p>4. &nbsp; In no case shall this insurance cover loss damage or expense<br />\n&nbsp; &nbsp; &nbsp;4.1 &nbsp; caused by strikers, locked-out workmen, or persons taking part in labour disturbances,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;riots or civil commotions<br />\n&nbsp; &nbsp; &nbsp;4.2 &nbsp; resulting from strikes, lock-outs, labour disturbances, riot or civil commotions<br />\n&nbsp; &nbsp; &nbsp;4.3 &nbsp; caused by any terrorist or any person acting from a polical motive.</p>\n\n<p>DURATION<br />\n5. &nbsp; 5.1 &nbsp; This insurance attaches from the time the subject-matter insured leaves the warehouse,&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;premises or place of storage at the place named herein for the commencement of the&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;transit, continues during the ordinary course of transit and terminates either<br />\n&nbsp; &nbsp; &nbsp;5.1.1 &nbsp; on delivery to the Consignees&#39;or other final warehouse, premises or place of storage at<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the destination named herein.<br />\n&nbsp; &nbsp; &nbsp;5.1.2 &nbsp; on delivery to any other warehouse, premises or place of storage, whether prior to or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the destination named herein, which the Assured elect to use either<br />\n&nbsp; &nbsp; &nbsp;5.1.2.1 &nbsp; for storage other than in the ordinary course of transit or<br />\n&nbsp; &nbsp; &nbsp;5.1.2.2 &nbsp; for allocation or distribution<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />\n&nbsp; &nbsp; &nbsp;5.1.3 &nbsp; on the expiry of 15 days after unloading the subject-matter insured from the aircraft&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the final place of discharge, whichever shall first occur.<br />\n&nbsp; &nbsp; &nbsp;5.2 &nbsp; If, after unloading from the aircraft at the final place of discharge, but prior to&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;termination of this insurance, the subject-matter insured is forwarded to a destination&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;other than that to which it is inusred hereunder, this insurance, whilst remaining&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject to termination as provided for above, shall not extendbeyond the commencement of<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;transit to such other destination.<br />\n&nbsp; &nbsp; &nbsp;5.3 &nbsp; This insurance shall remain in force (subject to termination as provided for above and to<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the privisions of Clause 6 below) during delay beyond the control of the Assured, any&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;deviation, forced discharge, reshipment or transhipment and during any variation of the&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;adventure arising from the excercise of a liberty granted to the air carriers under the&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;contract of carriage.</p>\n\n<p>6. &nbsp; If owing to circumstances beyond the control of the Assured either the contract of carriage is<br />\n&nbsp; &nbsp; &nbsp;terminated at a place other than the destination name therein or the transit is otherwise&nbsp;<br />\n&nbsp; &nbsp; &nbsp;terminated before delivery of the subject-matter insured as provided for in Clause 5 above,&nbsp;<br />\n&nbsp; &nbsp; &nbsp;then this insurance shall also terminate unless prompt notice is given the the Underwirtters&nbsp;<br />\n&nbsp; &nbsp; &nbsp;and continuation of cover is requested when the insurance shall remain in force, subject to an&nbsp;<br />\n&nbsp; &nbsp; &nbsp;additional premium if required by the Underwriters, either<br />\n&nbsp; &nbsp; &nbsp;6.1 &nbsp; until the subject-matter is sold and delivered at such place or, unless otherwise&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;specially agreed, until the expiry of 15 days after arrival of the subject-matter hereby<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;insured at such place, whichever shall first occur,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />\n&nbsp; &nbsp; &nbsp;6.2 &nbsp; if the subject-matter is forwarded within the said period of 15 days (or any agreed&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;extension thereof) to the destination named, herein or to any other destination, until&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;terminated in accordance with the provision of Clause 5 above.</p>\n\n<p>7. &nbsp; Where, after attachment of this insurance, the destination is changed by the Assured, held&nbsp;<br />\n&nbsp; &nbsp; &nbsp;covered at a premium and on conditions to be arranged subject to prompt notice being given to<br />\n&nbsp; &nbsp; &nbsp;the Underwriters.</p>\n\n<p>CLAIMS<br />\n8. &nbsp; 8.1 &nbsp; In order to recover under this insurance the Assured must have an insurable interest in&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the subject-matter insured at the time of the loss<br />\n&nbsp; &nbsp; &nbsp;8.2 &nbsp; Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;during the period covered by this insurance, notwithstanding that the loss occurred&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;before the contract of insurance was cocluded, unless the Assured were aware of the loss<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and the Underwriters were not.</p>\n\n<p>9. &nbsp; Where, as a result of the operation of a risk covered by this insurance, the insured transit is<br />\n&nbsp; &nbsp; &nbsp;terminated at a place other than that to which the subject-matter is covered under this &nbsp; &nbsp;<br />\n&nbsp; &nbsp; &nbsp;insurance, the Underwriters will reimburse the Assured for any extra charges properly and<br />\n&nbsp; &nbsp; &nbsp;reasonably incurred in unloading storing and forwarding the subject-matter to the destination<br />\n&nbsp; &nbsp; &nbsp;to which it is insured hereunder.<br />\n&nbsp; &nbsp; &nbsp;This Clause 9 which does not apply to general average or salvage charges, shall be subject&nbsp;<br />\n&nbsp; &nbsp; &nbsp;to the exclusions contained in Clauses 2,3 and 4 above and shall not include charges arising&nbsp;<br />\n&nbsp; &nbsp; &nbsp;from the fault negligence insolvency or financial default of the Assured or their servants.</p>\n\n<p>10. &nbsp;No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter&nbsp;<br />\n&nbsp; &nbsp; &nbsp;insured is reasonably abandoned either on account of its actual total loss appearing to be&nbsp;<br />\n&nbsp; &nbsp; &nbsp;unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter<br />\n&nbsp; &nbsp; &nbsp;to the destination to which it is insured would exceed its value on arrival.</p>\n\n<p>11. &nbsp;11.1 &nbsp;If any Increased Value insurance is effected by the Assured on the cargo insured herein<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the agreed value of the cargo shall be deemed to be increased to the total amount insured<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under this insurance and allIncreased Value insurances covering the loss, and liability<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under this insurance shall be in such proportion as the sum insured herein bears to such<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;total amount insured.<br />\n&nbsp; &nbsp; &nbsp;11.2 &nbsp;Where this insurance is on Increased Value the following clause shall apply:<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The agreed value of the cargo shall be deemed to be equal to the total amount insured&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under the primary insurance and all INcreased Value insurance covering the loss and&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;effected on the cargo by the Assured and liability under this insurance shall be in such&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;proportion as the sum insured herein bears to such total amount insured.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;In the event of claim the Assured shall provide the Underwriters with evidence of the<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;amounts insured under all other insurances.</p>\n\n<p>BENEFIT OF INSURANCE<br />\n12. &nbsp;This insurance shall not insure to the benefit of the carrier or other bailee.</p>\n\n<p>MINIMISING LOSSES<br />\n13. &nbsp;It is the duty of the Assured and their sevants and agents in respect of loss recoverable&nbsp;<br />\n&nbsp; &nbsp; &nbsp;hereunder<br />\n&nbsp; &nbsp; &nbsp;13.1 &nbsp;to take such measures as may be reasonable for the purpose of averting or minimising such<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;loss,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and<br />\n&nbsp; &nbsp; &nbsp;13.2 &nbsp;to ensure that all rights against carriers, bailees or other third parties are properly<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;preserved and exercised<br />\n&nbsp; &nbsp; &nbsp;and the underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured<br />\n&nbsp; &nbsp; &nbsp;for any charges properly and resonable incurred in pursuance of these duties.</p>\n\n<p>14 &nbsp; Measures taken by the Assured or the Underwriters with the object of saving, protecting or&nbsp;<br />\n&nbsp; &nbsp; &nbsp;recovering the subject-matter insured shall not be considered as a waiver or acceptance of&nbsp;<br />\n&nbsp; &nbsp; &nbsp;abandonment or otherwise prejudice the rights of either party.</p>\n\n<p>AVOIDANCE OF DELAY<br />\n15. &nbsp;It is a condition of this insurance that the Assured shall act with reasonable despatch in all<br />\n&nbsp; &nbsp; &nbsp;circumstances within their control.<br />\n&nbsp; &nbsp; &nbsp;&nbsp;<br />\nLAW AND PRACTICE<br />\n16. &nbsp;This insurance is subject to English law and practice.<br />\n&nbsp; &nbsp; &nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp;</p>\n\n<p><br />\n&nbsp;</p>\n', '', 450, '', '2017-04-11 19:38:24', '2017-04-11 19:38:24', 0, 0),
(699, '2', 'ALL-RIS', 'ALL-RISK', '<p>ALL RISK</p>\n', '', 540, '', '2017-04-14 03:31:04', '2017-04-14 03:31:04', 2, 2),
(700, '6', 'AUTO-INC', 'AUTOMATIC INCL. ON OFFSITE ATM''S SUBJECT TO QUARTERLY DECLARATION TO PNB & ADD''L PREM TO BE AGREED', '<p>AUTOMATIC INCL. ON OFFSITE ATM&#39;S SUBJECT TO QUARTERLY DECLARATION TO PNB &amp; ADD&#39;L PREM TO BE AGREED</p>\n', '', 541, '', '2017-04-14 03:32:35', '2017-04-14 03:32:35', 2, 2),
(701, '6', 'GEM-ATM', 'GEMBA ATM WORDINGS', '<p>GEMBA ATM WORDINGS</p>\n', '', 542, '', '2017-04-14 03:33:02', '2017-04-14 03:33:02', 2, 2),
(702, '2', 'LIA-CAR', 'LIABILTY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES/NUCLEAR EXCLUSION CLAUSE', '<p>LIABILTY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES/NUCLEAR EXCLUSION CLAUSE</p>\n', '', 453, '', '2017-04-14 03:33:45', '2017-04-14 03:33:45', 2, 2),
(703, '2', 'NOT-LOSS', 'NOTICE OF LOSS - INLAND TRANSIT', '<p>NOTICE OF LOSS - INLAND TRANSIT</p>\n', '', 545, '', '2017-04-14 03:34:13', '2017-04-14 03:34:13', 2, 2),
(704, '2', 'PIR-EXC', 'PIRACY EXCLUDED', '<p>PIRACY EXCLUDED</p>\n', '', 546, '', '2017-04-14 03:34:55', '2017-04-14 03:34:55', 2, 2),
(705, '5', 'RUS-OXI', 'Rusting, Oxidation & Discoloration', '<p>Rusting, Oxidation &amp; Discoloration</p>\n', '', 547, '', '2017-04-14 03:36:15', '2017-04-14 03:36:15', 2, 2),
(706, '2', 'UN-VEH-WARR', 'UNATTENDED VEHICLE WARRANTY', '<p>UNATTENDED VEHICLE WARRANTY</p>\n', '', 548, '', '2017-04-14 03:38:34', '2017-04-14 03:38:34', 2, 2),
(707, '2,3,5,6,7', 'WAR-TER-EXC', 'WAR & TERRORISM EXCLUSION CLAUSE', '<p>WAR &amp; TERRORISM EXCLUSION CLAUSE</p>\n', '', 549, '', '2017-04-14 03:39:38', '2017-09-25 11:42:36', 2, 69),
(708, '2', 'ISCBO', 'INSTITUTE OF STRIKES CLAUSES (BULK OIL) 1/2/83', '<p>.</p>\n', '', 450, '', '2017-04-16 18:36:57', '2017-04-16 18:40:06', 169, 169),
(709, '3', 'MVAL', 'Subj. to Motor Veh. Acces. Limit stated Above', '<p>.</p>\n', '', 450, '', '2017-04-18 01:55:49', '2017-04-18 01:55:49', 169, 169),
(710, '1', 'WCC', 'WARRANTY COMPLIANCE CLAUSE', '<p>If a breach of warranty or condition contained in any rider attached to or made part of this policy shall occur, which breach by terms of such warranty or condition shall operate to suspend or avoid this insurance, it is agreed that such suspension or avoidance due to such breach shall be effective only during the continuance of such breach and then only as to the building, fire division, in accordance &nbsp;with tariff rules, contents therein or other separate location to which such warranty or condition has reference and in respect of which such breach occurs. &nbsp;</p>\n', '', 504, '', '2017-04-22 23:37:27', '2017-04-22 23:37:27', 202, 202),
(711, '1', 'TSTO', 'TEMPORARY STORAGE', '<p>The property insured under this policy is covered whilst temporarily stored in any other premises in the Republic of the Philippines, this policy does not cover loss or damage to the property whilst in transit thereto and there from and the amount recoverable had the loss occurred in that part of the premises from which the property is temporarily removed.&nbsp;</p>\n', '', 505, '', '2017-04-22 23:39:19', '2017-04-22 23:39:19', 202, 202),
(712, '1', 'TPSC', 'TEMPORARY PROTECTION AND SAFETY COST', '<p>In the event of any part of the insured property sustained damage for which the insurer are liable, the indemnity provided by this policy es extended to included such as cost necessarily incurred in order to make reasonable repairs, temporary or permanent, provided such repairs are confined solely to the protection of the property from further damage, and provided further the Insured shall keep an accurate record of such repair expenditure.</p>\n', '', 506, '', '2017-04-22 23:41:42', '2017-04-22 23:41:42', 202, 202),
(714, '1', 'RPCL', 'RECEIPT OF PAYMENT CLAUSE', '<p>Policy shall be deemed effective, valid and binding upon the company only when the premiums and taxes therefore have actually been paid in full and duly acknowledged in BIR approved Official Receipt of the company signed by an Authorized &nbsp;official of the company</p>\n', '', 508, '', '2017-04-22 23:44:53', '2017-04-22 23:55:03', 202, 202),
(715, '1', 'PLI', 'PERSONAL LIABILITY INSURANCE', '<p>COVERAGE A: LEGAL LIABILITY<br />\nTo pay on behalf of the ASSURED all sums which the ASSURED shall become legally obligated to pay as damages because of bodily injury, sickness or disease, including death any time resulting there from, sustained by any third party and as damages because of injury to or destruction of property, including the loss of use thereof.</p>\n\n<p>LIMITS OF LIABILITY<br />\nThe Liability of the Company for all compensation under this Policy as a result of any one occurence shall not exceed the Limits of Liability Specified as follows:<br />\n&nbsp;Combined Single Limit and &nbsp; &nbsp; &nbsp;PHp250,000.00<br />\n&nbsp;Annual Aggregate &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Bodily Injury/Property Damage)<br />\n&nbsp;Sub-Limits:<br />\n&nbsp; Bodily Injury &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; PHp 12,500.00 per person<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHp125,000.00 per event<br />\n&nbsp; Property Damage &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; PHp 12,500.00 per person<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;PHp125,000.00 per event</p>\n\n<p>Deductible:<br />\nTPPD only: Php 2,500.00 each and every loss</p>\n\n<p>COVERAGE B: DEFENSE, SETTLEMENT, and SUPPLEMENTARY PAYMENTS<br />\nWith respectto such Insurance is afforded by this Policy for liability this COMPANY shall:<br />\n&nbsp;a. defend any suit against the ASSURED alleging such injury, sickness, disease or destruction and seeking damages on account thereof, evenif such suit is groundless, false or fraudelent, but the COMPANY may make such suit is groundless, false or fraudelent, but the COMPANY may make such investigation, negotiation and settlement of any claim or suit as it deems expedient;<br />\n&nbsp;b. (1) pay all premiums on bonds to release attachments for an amount not in excess of the applicable limit of liability of this Policy all premiums on appeal bonds required in any such defend suit, but without any obligation to apply for or furnish any such bonds;<br />\n&nbsp; &nbsp; (2) pay all expenses incurred bu this COMPANY, all costs, taxes against the Insured in any such suit and all interest accruing after entry of judgment until this COMPANY has paid or tendered or deposited in court such part of such judgment as does not exceed the limit of this Company&#39;s liability thereon;<br />\n&nbsp; &nbsp; (3) pay expenses incurred by the ASSURED, in the event of an accident causing bodily injury, sickness or disease, for such immediate medical and surgical relief to others as shall be imperative at the time of accident;<br />\n&nbsp; &nbsp; (4) reimburse the ASSURED for all reasonable expenses, other than loss of earnings, inccured at this COMPANY&#39;s request<br />\nThe amounts so inccured, except settlements of claims and suits are payable by this COMPANY in addition to the applicable limit of liability in this Policy.</p>\n\n<p>EXCLUSIONs<br />\nThis Policy does not apply to:<br />\n1. Any business pursuits of an ASSURED, other than activities therin which are ordinarily incident to non-business pursuits or to the rendering of any profession service or the omission therof, except with respect to voluntarily civilian defense activities.<br />\n2. The ownership, maintenance, operation, use, loading or unloadingof (1) automobiles while away from the premises or the ways immediately adjoining except under Coverage A with respect to operations by independent contractors for non-business purposes of the ASSURED, (2) watercraft, including sailboats, with in-board motors, watercraft, including sailboats with or without auxiliary power, 21 feet or more in overall length owned by or rented to the Insured, while away from the premises , or (3) applies only while such employee is engaged in the operation or maintenance of aircraft;<br />\n3. Injury, sickness, disease, death or destruction caused intentionally by or at the direction of the ASSURED.<br />\n4. Bodily injury to or sickness, disease or death of any employee of the ASSURED arising out of and in the course of his employment by the ASSURED, if benefits therefore are in whole or in part either payable or required to be provided under any workme&#39;s compensation benefit for such employee.<br />\n5. Liability on the Insured under any contract or agreement (unless such liability would have attached in the absenceof such contract or agreement) ather than liability of the Insured undera written contract relating to the said premises and to which the Insured is a party as OWner or Tenant of the said premises;<br />\n6. Under Coverage A, injury to or destrcution of property used by, rented to or in the care, custody control of the ASSURED or property as to which the ASSURED for any purpose is exercising physical control, except that this exclusion shall not apply too or liability which would be imposed upon the ASSURED, for injury to or destruction of residential premises or house furnishing from (1) fire, (2) explosion, or (3) smoke;r destruction due to war whether<br />\n7. Injury, sickness, disease, death or destruction due to war whether declared or not, civil war insurrection, rebellion or revolution, with respect to liability assumed by the ASSURED under any contract or agreement.</p>\n\n<p>CONDITIONS<br />\nLimits of Liability: The limit of liability stated in the Schedule for Coverage A is the limit of the COMPANY&#39;s liability for all damages, including damages for care and loss of services, as the result of one occurence.<br />\nSeverability of Interest: Coverage A. The term &quot;the ASSURED&quot; is used severally and not collectively, but the inclusion herein of more than one ASSURED shall not operate to increase the limits of this COMPANY&#39;s liability<br />\nPolicy Period: Territory: This section applies only to occurrences during the Policy period within the Territory of the Republic of the Philippines.<br />\nNotice of Occurrence: When an occurrence takes place, written notice shall be given by or on behalf of the ASSURED to this COMPANY or any of its authorized agents as soons as practicable. Such notice shall contain particulars sufficient to identify the ASSURED and also reasonably obtainable information respecting the time, place and cirscumtances of the occurrence, the names and addresses of the injured and of available witness.<br />\nNotice of Claim Suit - Coverage A: If a claim is made or suit is brought agians the ASSURED, the ASSURED shall immediately forward to this COMPANY every demand, notice, summons or other process received by him or by his representatives.<br />\nAssistance and Cooperation of the Insured - Coverage A: The ASSURED shall cooperate with this COMPANY and, upon this COMPANy&#39;s request, shall attend hearings and trials and shall assistsin effecting settlements securing and giving evidence, obtaining the attendance of witnesses and in the conduct of suits. the ASSURED shall not, except at his own cost, voluntarily make any payment, assume any obligationor incur any expense other than for such immediate medical and surgical relief to others as shall be imperative at the time of the incident.<br />\nBankruptcy or insolvency of the ASSURED or of the ASSURED&#39;s estate shall not relieve this COMPANY of any of its obligation hereunder.<br />\nOther Insurance - Coverage A: If the ASSURED has other insurance against a loss covered by this coverage, this COMPANY shall not be liable under this coverage for a greater proportion of such loss than the applicable limit of liability of all valid and collectible insurance against such loss.</p>\n', '', 509, '', '2017-04-22 23:46:19', '2017-04-22 23:46:19', 202, 202),
(716, '1', 'PCLAU', 'PERMIT CLAUSE', '<p>Permission is granted to the Insured to erect structures or make additions or improvements on Insured property on material cover subject to declaration within as per policy schedule.<br />\nPayment of an additional premium charged as required.&nbsp;</p>\n', '', 510, '', '2017-04-22 23:49:04', '2017-04-22 23:49:04', 202, 202),
(717, '1', 'PCCI', 'PROPERTY IN THE COURSE OF CONSTRUCTION/INSTALLATION', '<p>INCLUDING TESTING AND COMMISSIONING</p>\n\n<p>It is hereby declared and agreed that coverage under this policy is extended to included property in the course of construction / installation including testing and commissioning within four weeks from the date of commencement of the testing and commissioning unless otherwise advised in writing up to a limit of indemnity of (see policy schedule).</p>\n\n<p>For the purpose of this endorsement, commissioning and testing are defined as follows:-</p>\n\n<p>a). &nbsp;COLD TESTING - The checking of component parts of an insured item by mechanical, eletrical hydrostatic or other form of testing under &nbsp;&quot;dry run&quot; conditions, which do ot neccessitate the firing of furnaces or any application of direct or indirect heat, the use of feedstock or other materials for processing , or in the case of electrical generating, transforming, converting or rectifying equipment, connection to a grid or other load circuit.</p>\n\n<p>b). &nbsp;COMMISSIONING - The operating of an insured item or part thereof with feedstock or other materials for processing, or in the case of electrical generating, transforming, converting or rectifying equipment, connection to a grid or other load circuit, under production conditions for the purpose of attaining specification requirements and/or training operational personnel.</p>\n\n<p>c). &nbsp;HOT TESTING - The checking of component parts of an insured item under load or operational conditions, including the use of feedstock or other materials for processing or other media to simulate working conditions, and in the case of electrical generating, transforming, converting or rectifying equipment, connection to a grid or other load circuit for the purpose of such checking.&nbsp;</p>\n', '', 511, '', '2017-04-22 23:53:31', '2017-04-22 23:53:31', 202, 202),
(718, '1', 'NCDE', 'NON-COMPENSATORY DAMAGE EXCLUSION', '<p>The Company shall not be liable in respect of:</p>\n\n<p>a) Fines or penalties<br />\nb) Moral, exemplary or punitive damages nominal. Temperate or moderate damages.</p>\n', '', 512, '', '2017-04-22 23:56:50', '2017-04-22 23:56:50', 202, 202),
(719, '1', 'LSCO', 'LANDSLIDE, SUBSIDENCE AND COLLAPSE', '<p>Notwithstanding anything contained herein to the contrary, it is hereby declared and agreed that this insurance shall extend to cover direct loss or damage caused by Landslide, Subsidence and/or Collapse.</p>\n\n<p>For the purpose of this endorsement &quot;LANDSLIDE&quot;&nbsp;shall mean the sliding down of a mass of rocks, earth or artificial fill on a mountain or cliff side,; &quot;SUBSIDENCE&quot;&nbsp;shall mean the gradual lowering or settling down of a portion of the land due to dynamic causes, mining operations or the like and;</p>\n\n<p>&quot;COLLAPSE&quot;&nbsp;shall mean the action of falling together, as the side of a body of land or the body itself by external pressure or withdrawal of the contents, breaking down or falling in.&nbsp;</p>\n', '', 513, '', '2017-04-22 23:58:37', '2019-06-17 13:34:44', 202, 194),
(721, '1', 'AAEC', 'ABSOLUTE ASBESTOS EXLUSION CLAUSE', '<p>It is hereby understood and agreed that this policy shall not apply:</p>\n\n<p>a) To any liability for property damage, bodily injury, sickness, disease, occupational disease or disability, shock death, mental injury at any time arising out of the manufacture of mining of, use of, sale of, installation of, removal of, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dusts;</p>\n\n<p>b) To any obligation of the Insured to indemnify any party because of damages arising out of such property damage, bodily injury, sickness, disease, occupational disease or disability, shock, death, mental anguish and mental injury at any time as a result of the manufacture of mining of, use of, sale of, installation of, removal of, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dust;</p>\n\n<p>c) To any obligation to defend any suit or claim against the Insured alleging &nbsp;bodily injury or property damage and seeking damages, if such suit or claim arise from bodily injury or property damage resulting from or contributed to by the manufacture of, mining of, use of, sale of, installation of, removal of, distribution of, or exposure to asbestos, asbestos products, asbestos fibers or asbestos dust;</p>\n\n<p>Nothing herein contained shall be held to vary, alter, waive or change any of terms, limits or conditions of the policy, except as herein above set forth.</p>\n', '', 516, '', '2017-04-23 00:02:15', '2017-04-23 00:02:15', 202, 202),
(722, '1', 'APEC', 'ABSOLUTE POLLUTION EXCLUSION CLAUSES', '<p>It is hereby understood and agreed that this policy shall not apply to any liability for personal injury property damage arising out of the discharge, dispersal, release, or escape of smoke, vapors, soot, fumes, acid, alkalis, toxic, chemicals, liquids or gases, waste materials or other irritants, contaminants or pollutants into or upon land the atmosphere, or any water-course or body of water.</p>\n\n<p>It is hereby understood and agreed that the intent and effect of this exclusion is to delete from any and all coverages afforded by this policy any claim, judgment, liability settlement, defense or expenses in any way arising out of such result from the Insured?s activities or the activities of others and whether or not such is accidental, intended, foreseeable, expected, fortuitous or inevitable, and wherever such occurs.</p>\n\n<p>Nothing herein contained shall be held to vary, alter, waive or change any of terms, limits or conditions of the policy, except as herein above set forth.</p>\n', '', 517, '', '2017-04-23 00:05:30', '2017-04-23 00:05:30', 202, 202),
(723, '1', 'CSLE', 'COMBINED SINGLE LIMIT', '<p>As respects such insurance as is afforded under this Policy, the Company&#39;s limit of Liability shall be one Combined Limit of Philippine pesos.</p>\n\n<p>Under either or all coverages, for all damages including care and loss of services arising out of bodily injury, sickness or disease including death at any time resulting therefrom, and for all damages.&nbsp;</p>\n', '', 518, '', '2017-04-23 00:06:27', '2017-04-23 00:06:27', 202, 202),
(724, '1', 'EPBEG', 'EXCLUDING PROFESSIONAL NEGLIGENCE (FOR PREMISES OPERATIONS)', '<p>The indemnity provided by the Policy in respect of injury to any person not being and Employee and Damage to Property does not apply in respect of claims arising out of or in connection with the exercise by the insured his partner employees or any person acting for him or on his behalf having professional qualifications of professional skill associated with such qualifications.</p>\n', '', 519, '', '2017-04-23 00:09:05', '2017-04-23 00:09:05', 202, 202),
(725, '3', 'NCB', 'SUBJECT TO NO CLAIM BONUS', '<p>SUBJECT TO NO CLAIM BONUS</p>\n', '', 520, '', '2017-04-23 01:08:51', '2017-04-23 01:08:51', 202, 202),
(726, '3', 'RCC', 'REFRIGIRATED CARGO CLAUSE', '<p>REFRIGIRATED CARGO CLAUSE</p>\n', '', 521, '', '2017-04-23 01:09:49', '2017-04-23 01:09:49', 202, 202),
(727, '3', 'MCW', 'MAINTENANCE OF CONVEYANCE', '<p>MAINTENANCE OF CONVEYANCE</p>\n', '', 522, '', '2017-04-23 01:12:11', '2017-04-23 01:12:11', 202, 202),
(729, '1', 'RES-REC', 'RESTORATION OF RECORDS CLAUSE', '<p>This policy extends to include such cost incurred by or on behalf of the Insured including renumeration to the Insured for supervising and/or actual work or collecting information, and/or preparing and/or rewriting files, plans, drawings, designs, specifications and other business records, and the reproduction of computer system records, belonging to or under the control of the Insured &nbsp;or in which the Insured has an insurable interest which may be lost, destroyed of damaged by any contingency hereby insured against.&nbsp;</p>\n', '', 450, '', '2017-05-04 16:03:16', '2017-05-04 16:03:16', 169, 169),
(730, '1', 'IW5', 'INDUSTRIAL WARRANTY V', '<p>It is hereby declared and agreed that during the currency of this Policy, none of the following trades and/or industries or manufacture of the products listed shall be engaged in or carried on in the building to which this insurance applies nor in any building communicating therewith.</p>\n\n<p>Breach of this condition will render this Policy null and void.</p>\n\n<p>Bone Meal &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Foam Rubber<br />\nCelluloid Processing Chemical Works using &nbsp; &nbsp; &nbsp;Kapok Mills<br />\n&nbsp; &nbsp; Explosives Materials or Substances &nbsp; &nbsp; &nbsp; &nbsp; Mattresses<br />\nCushions &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Pillows<br />\nExplosives &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Quilt Beds<br />\nFiber Spinning of Plant Fibers &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rag Grinding and/or Processing<br />\nFiberglass - Reinforced Plastics &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Rubber Foam<br />\nFire Works &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Saw Mills (Ordinary)<br />\nFish Meal &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; Scrap Paper Sorting and Pressing<br />\nFoam Plastic from Polystyrol and/or Polyurethane &nbsp;Upholstery</p>\n', '', 1234, '', '2017-05-05 12:12:02', '2017-05-05 12:15:52', 194, 194),
(731, '1', 'ACLW', 'ADDITIONAL CLAUSES AND WARRANTIES', '<p>IT IS HEREBY DECLARED AND AGREED that the correct wordings of Roberry and Burglary Endorsement of the property insured on the above-mentioned fire policy should be read as follows and not as previously stated.</p>\n', '', 450, '', '2017-05-08 14:39:01', '2017-05-08 14:39:01', 203, 203),
(733, '1', 'ACT-NEG', 'ACT OR NEGLECT CLAUSE', '<p>This policy shall not be prejudiced by reason of any act or neglect of the owner(s) of the building(s) if the Assured is not the owner thereof, or by any act or neglect of any occupant of the building(s), except for the named Assured when such act or neglect of the owner or occupant is not within the control of the Assured.</p>\n', '', 450, '', '2017-05-10 13:16:12', '2017-05-10 13:16:12', 169, 169),
(734, '1', 'CPC', 'CLAIMS PREPARATION CLAUSE', '<p>Insurance under this Policy includes fees and charges necessarily and reasonably incurred from professional claim advisors and other advisors engaged for the purpose of preparing a claim in connection with an occurrence giving rise to a claim under this Policy provided that Insurer(s) liability for such costs shall not exceed the limit of liability under this Policy. &nbsp;This item is not subject to any deductible.</p>\n\n<p>Limit of Liability - _________________<br />\n&nbsp;</p>\n', '', 450, '', '2017-05-11 16:52:30', '2017-05-11 16:52:30', 169, 169),
(735, '1,2', 'ERR-OMI', 'ERRORS AND OMISSION', '<p>If physical loss or damage is not payable under this Policy solely because of an error or unintentional omission the by Insured.</p>\n\n<p>1. in the description of where insured property is physically located, or<br />\n2. to include any location :<br />\n&nbsp; &nbsp;a. owned, leased or rented by the insured on the effective date of this Policy, or<br />\n&nbsp; &nbsp;b. purchased, leased or rented by the Insured during the terms of this Policy; or<br />\n3. That results in the cancellation of the property insured under this Policy;</p>\n\n<p>This Policy will cover to the extent it would have provided coverage had such error or unintentional omission not been made.</p>\n\n<p>However, this coverage does not apply;</p>\n\n<p>If coverage is found in whole or in part in any other insurance policy.</p>\n\n<p>It is a condition of this coverage that any error or unintentional omission be reported by the Insured to the insurers when discovered and be corrected. &nbsp;</p>\n', '', 450, '', '2017-05-11 17:01:12', '2018-11-20 11:06:08', 169, 215),
(737, '1', 'EFE', 'ELECTRICAL FIRE ENDORSEMENT', '<p>It is hereby declared and agreed, notwithstanding what is stated in the printed conditions of this policy to the contrary, that this insurance covers loss or damage to any electrical machine, apparatus or any portion of the electrical installation arising from or occasioned by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage of electricity from whatever cause (lightning included).&nbsp;</p>\n', '', 450, '', '2017-05-11 17:16:54', '2017-05-11 17:16:54', 169, 169),
(738, '1', 'EMEXP', 'EXTINGUISHMENT AND MITIGATING EXPENSES', '<p>It is hereby declared and agreed that this policy extends to cover all expenses reasonably incurred by or on behalf of the Insured in extinguishing fires or in mitigating, containing or suppressing loss, destruction or damage by any peril or eventually hereby insured against occurring at or immediately threatening the situation of any property insured by this policy.</p>\n\n<p>It is further declared and agreed that indemnity afforded by this special clause shall includes (but not be limited to) the payment of wages to Insured&#39;s employees (other than full time members of a works fire brigade), the cost of replenishing fire fighting appliances, and the cost of replacing, reinstating or repairing materials and equipment lost, destroyed or damaged (including directors, partners&#39;, proprietors&#39;, employees&#39; and volunteers&#39; clothing and personal effects)&nbsp;</p>\n', '', 450, '', '2017-05-11 17:21:29', '2017-05-11 17:21:29', 169, 169),
(739, '1', 'FFEC', 'FIRE FIGHTING EXPENSE CLAUSE', '<p>Insurance agree to pay for Fire Fighting Expenses necessarily and reasonably incurred by the Insured&#39;s to prevent or minimized the extent of any insured destruction of or damage to the insured property including the cost of materials expanded but excluding salaries, wages and similar disbursements to own personnel or personnel on contract or secondment to the insured&#39;s and only to the extent that such expenses are not recoverable from a public authority or any other party.</p>\n\n<p>The cover provided that this extension is limited to the AMOUNT STATED IN THE POLICY SCHEDULED and it is agreed and understood that any payment under this extension shall not increase Insurers&#39; total liability under the policy.&nbsp;</p>\n', '', 450, '', '2017-05-11 17:23:42', '2017-05-11 17:23:42', 169, 169),
(740, '1', 'TAN-EXP', 'TANK EXPOSURE WARRANTY (FOR BOTH UNDERGROUND AND OVERGROUND TANKS', '<p>It is warranted that no mineral oil, mineral spirits or liquid fuel or liquid products or mixture thereof [vegetable or mineral and by whatever name known] giving off inflammable vapor below ________ centigrade. [close test] shall during the currency of this Policy be stored or deposited in the tank or tanks insured hereby and that such tank or tanks are not exposed to any higher rated risk within a distance of ______ meters.</p>\n', '', 450, '', '2017-05-31 17:04:16', '2017-05-31 17:04:16', 203, 203),
(741, '1', 'CLE', 'COMBINED LIMIT ENDORSEMENT', '<p>As respect such insurance as is afforded under this policy, the company&#39;s limit of liability shall be one combined limit of (as stated in the policy schedule)pesos only, Philippine currency (as stated in the policy schedule) under either or all coverages, for all damages including care and loss of services arising out of bodily injury, sickness or disease including death at any time resulting therefrom and for all damages arising out of or injury to or destruction of all tangible property, including the loss of use thereof resulting from one occurrence, subject to the foregoing provisions respecting each occurrence, the total annual aggregate limit of the company&#39;s liability for all damages including care and loss of service arising out of bodily injury, sickness or disease including death at any time resulting therefrom, and for all damages arising out of injury or destruction of all tangible property, including the use thereof, as a result of all occurrences occurring during the policy period shall be one combined limit of (as stated in the policy schedule) Philippine currency. Nothing herein contained shall be held to vary, alter, waive or extend any of the Agreements, Conditions, Declarations, Exclusions, Limitations of Terms of this Policy, except as herein above set forth.</p>\n', '', 450, '', '2017-06-01 13:19:04', '2017-12-20 17:24:12', 203, 194),
(742, '2', 'IWAIR', 'INSTITUTE WAR CLAUSES (AIR CARGO) 1/1/82', '<p>.</p>\n', '', 450, '', '2017-06-07 10:28:03', '2017-06-07 10:28:03', 169, 169),
(743, '1', 'OEC', 'OBSOLETE EQUIPMENT CLAUSE', '<p>Obsolete Equipment, which for the purpose of this extension shall mean:</p>\n\n<p>&quot;Any equipment which have become inoperative by lapse of time or diminution in value caused by changes in technology, public taste and new inventions&quot;.&nbsp;</p>\n', '', 450, '', '2017-06-21 17:23:46', '2017-06-21 17:23:46', 169, 169),
(744, '1', 'SOBM-SHOWAV', 'SONIC BOOM/SHOCK WAVE', '<p>Loss, destruction or damage occassioned by pressure waves caused by aircraft and other aerial devices travelling at sonic or supersonic speeds.&nbsp;</p>\n', '', 500, '', '2017-06-28 13:37:32', '2017-06-28 13:37:32', 203, 203),
(745, '1', 'APP-LO-ADJ', 'APPOINTED LOSS ADJUSTERS', '<p>It is hereby declared and agreed that in the event of a claim under Policy.<br />\n<br />\n1.) The Company shall have the right to appoint&nbsp;an adjuster from among the nominated adjusters stated in the policy schedule.<br />\n<br />\nb.) The nominated adjuster shall control the investigation, evaluation, negotiation and reporting of claim under the policy.<br />\n<br />\nc.) The adjuster shall submit its report to the Company.</p>\n', '', 1432, '', '2017-06-29 09:46:02', '2019-06-27 10:20:58', 194, 194),
(746, '1,6', 'ALT-MAI-REP', 'ALTERATIONS, MAINTENANCE, REPAIRS AND DECORATIONS CLAUSE', '<p>Third Party legal liability in terms of bodily injury and property damage from workmen who work in, on or around the premises for the purposes of completing repairs and/or minor additions and alterations and/or decorations is covered without prejudice to this Insurance.</p>\n', '', 450, '', '2017-07-04 10:29:27', '2017-07-24 09:43:54', 169, 194),
(747, '1', 'ASB-EXC', 'ASBESTOS EXCLUSION', '<p>IT IS HEREBY UNDERSTOOD AND AGREED that this Policy shall not apply to and does not cover any actual or alleged liability whatsoever for any claim or claim in respect of loss or losses directly or indirectly arising out of, resulting from in consequence of asbestos.&nbsp;</p>\n', '', 450, '', '2017-07-04 10:30:17', '2017-07-04 10:30:17', 169, 169);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(748, '1', 'GEN-EXC-PAR', 'GENERAL EXCLUSIONS - PAR', '<p>A. &nbsp;EXCEPTED CAUSES</p>\n\n<p>UNLESS OTHERWISE EXPRESSLY AGREED this insurance does not cover any destruction or damage occasioned by or through or in consequence of, directly or indirectly, any of the following:</p>\n\n<p>(i) &nbsp; &nbsp; Pollution, whatever the cause.</p>\n\n<p>(ii) &nbsp; (a) &nbsp;War, invasion, act of foreign enemy, hostilities or warlike Operations<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; (whether war be declared or not), civil war.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Mutiny, military or popular uprising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes, which determine the proclamation, or maintenance of martial law or state of siege.<br />\n&nbsp; &nbsp; &nbsp; &nbsp;(c) &nbsp;Acts of terrorism committed by a person or persons acting on behalf of or in connection with any organization.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;For the purpose of this Condition, &quot;terrorism&quot; means the use of violence for political ends and includes any use of violence for the purpose of putting the public or any section of the public in fear.&nbsp;</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;In any action, suit, or other proceedings where the Insurer alleges that by reason of the provision of this Condition any loss or damage is not covered by this insurance, the burden of proving that such loss or damage is covered shall be upon the Insured?s.</p>\n\n<p>(iii) &nbsp;Confiscation, requisition, sequestration, nationalization, or similar act.</p>\n\n<p>(iv) &nbsp; Damage directly or indirectly cause by or arising from or in consequence of or contributed to by:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;(a) &nbsp;nuclear weapons material<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. Solely for the purpose of this Exclusion, combustion shall include any self sustaining process of nuclear fission.</p>\n\n<p>(v) &nbsp; &nbsp;The deliberate and sustained operation of the plant machinery, pipeline, or other equipment of the insured in excess of the design specifications on the specific and intentional instructions of the Insured.</p>\n\n<p>(vi) &nbsp; Withdrawal or go-slow of labor or cessation of work.</p>\n\n<p>(vii) &nbsp;Unexplained disappearance, shortages revealed only at any stocktaking or due toclerical or accounting error.</p>\n\n<p>(viii) Any fraudulence scheme, trick, device, or false pretense practiced upon the Insured, or on any person or persons having care of the property at such time.</p>\n\n<p>(ix) &nbsp; Infidelity or dishonesty on the part of the Insured or any of their employees whether acting alone or in collusion with others.</p>\n\n<p>(x) &nbsp; &nbsp;Theft except from a building and then only if there is violent or forcible entry to or exit from such building.</p>\n\n<p>(xi) &nbsp; Exposure to weather conditions, sand, or dust when property is in the open and not contained in fully enclosed building.</p>\n\n<p>(xii) &nbsp;Delay or lose of market or any other consequential or indirect loss or<br />\ninterruption of business except as provided for in the policy.</p>\n\n<p>(xiii) Interference by employees or others with customary operations, or any<br />\nconsequential or indirect loss.<br />\n(xiv) &nbsp;Physical loss, destruction, or damage directly or indirectly caused by or arising out of:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;(a) &nbsp;mechanical, hydraulic, electrical, or electronic breakdown, failure,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; malfunction or derangement of any machine or electrical and/or&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; electronic device and/or damage to goods maintained in a temperature &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; controlled environment were such loss, destruction, or damage arises &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; directly out of mechanical, hydraulic, electrical, or electronic &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; breakdown to the temperature controlling equipment;</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; data processing or media failure or breakdown or malfunction of the<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; processing system including operator error or omission; Provided that &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;this exclusion (xiv) (a) and &nbsp; shall not apply to loss, destruction, &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; or damage to the machine, device, or processing system immediately &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; affected occasioned by any peril (not otherwise excluded) resulting &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;from such breakdown, failure, malfunction, or derangement nor the &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subsequent loss, destruction, or damaged caused by any peril (not &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;otherwise excluded) to other property insured by this policy, such &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; property being external to the machine, device, or processing system &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; in which such loss, destruction, or damage occurs.</p>\n\n<p>(xv) &nbsp; Explosion or collapse of any pressure vessel except explosion of the furnace or gas passage or loss or damage to surrounding property as a result of any explosion or collapse.</p>\n\n<p>(xvi) &nbsp;Wear and tear, inherent vice, latent defect, gradual deterioration, rusting, corrosion, metal fatigue, oxidation, auto oxidation, dampness, change in<br />\ntemperature or humidity, action of air or light or natural heating or drying.</p>\n\n<p>(xvii) Fermentation, evaporation, loss of weight, contaminating or change in quality (except where such is directly caused by an occurrence which is not otherwise excluded).</p>\n\n<p>(xviii)Short-circuiting, self-heating, leakage, or surge of electrical current,<br />\noverloading or excessive power from whatever cause, unless fire ensues there&nbsp;<br />\nfrom, and liability shall be limited to actual damage by the ensuing fire.</p>\n\n<p>(xix) &nbsp;The cost of replacing, repairing, or rectifying defective parts, materials,<br />\nworkmanship, design or defect or omission in design or specification or latent defect.</p>\n\n<p>(xx) &nbsp; Overflowing of the contents of any storage tank, vessel or any other container which is not due to accident or the flaring of the products.</p>\n\n<p>(xxi) &nbsp;Clean up costs other than as provided under the Removal Debris Extension.</p>\n\n<p>(xxii) Erosion, settling, or cracking resulting from earth movements, shrinkage, or expansion of buildings or foundation unless such loss or damage is caused by&nbsp;<br />\nfire, lightning, explosion, storm, tempest, flood, rainwater, windstorm, riot&nbsp;<br />\nand strike, malicious damage, aircraft, impact by vehicles, vessel, earthquake,<br />\ntidal wave, subsidence, bursting of pipes, water tanks, or apparatus.</p>\n\n<p>(xxiii) inherent or later defect, slowly developing deformation or distortion of any building, plant or machinery;</p>\n\n<p>(xxiv) &nbsp;permanent or temporary dispossession of any premises resulting from the<br />\nunauthorized possession of such premises by any person;</p>\n\n<p>(xxv) &nbsp; hydraulic tests, experiments or overload or similar tests requiring from the imposition of abnormal conditions;</p>\n\n<p>(xxvi) &nbsp;fault, defect, error or omission in design, plan or specification;</p>\n\n<p>(xxvii) (a) &nbsp;errors in design, poor workmanship or use of faulty materials in the<br />\ndevelopment, processing or manufacture of the products of the Insured;</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;manufacturing or processing operations which result in damage to stock or materials being processed, manufactured or otherwise being worked upon;<br />\n(xxviii)(a) &nbsp;solidification of molten materials;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;inadvertent escape of molten materials;</p>\n\n<p>(xxix) &nbsp;any legal liability of whatsoever nature other than for property damage as<br />\nprovided for under the description of Property Insured.</p>\n\n<p>B. &nbsp;EXCLUDED PROPERTY</p>\n\n<p>UNLESS OTHERWISE EXPRESSLY AGREED this insurance does not cover destruction of or damage to any of the following:</p>\n\n<p>(i) &nbsp; cash, money orders, coins, bullion, promissory notes, checks, stamps, precious stones, jewelry, furs, works of art, antiques, securities, obligations or documents of any kind, books of accounts or other business books or records, computer records or data, manuscripts, drawings or designs, patterns or models, moulds.</p>\n\n<p>(ii) &nbsp;property in course of construction or erection or demolition or undergoing testing or commissioning;</p>\n\n<p>(iii) animals, birds, fish or other living creatures;</p>\n\n<p>(iv) &nbsp;standing timber or growing crops;</p>\n\n<p>(v) &nbsp; land (including topsoil, backfill, drainagework, revetment or culverts), roads, pavements, driveways, runways, railway lines, canals, dams, bridges unless<br />\nspecifically included in the coverage;</p>\n\n<p>(vi) &nbsp;property underground or offshore;</p>\n\n<p>(vii) goods or property in transit (except those within the premises of the Insured;</p>\n\n<p>(viii)catalysts and consumable materials whilst in process, production, or manufacture;</p>\n\n<p>(ix) &nbsp;property which is, or would be but for the existence of this policy, be insured by a more specific policy;</p>\n\n<p>(x) &nbsp; motor and other mechanically or electrically propelled vehicles and accessories (whilst in or on such vehicles) railway locomotives and rolling stock, watercraft or aircraft and or property contained therein, mobile equipment except those in the premises of the Insured.</p>\n\n<p>(xi) &nbsp;any boiler or other apparatus due to its own explosion or collapse as define<br />\nhereinafter. EXPLOSION means the sudden and violent rending or tearing apart of&nbsp;<br />\nthe permanent structure by force of internal steam or fluid pressure causing&nbsp;<br />\nbodily displacement of the structure or any part or parts thereof and accompanied<br />\nby the forcible ejection of its contents. COLLAPSE means the sudden and dangerous<br />\ndistortion of any parts of a boiler or other apparatus by bending or crushing &nbsp; &nbsp;caused by steam or fluid pressure whether attended by rupture or not.</p>\n\n<p>GENERAL CONDITIONS</p>\n\n<p>I. &nbsp;If there be any material misdescription of any of the property hereby insured or of the trade, process or manufacture carried out by the Insured or any misrepresentation as to any fact material to be known for estimating the risk or any omission to state such fact, the Insurers shall not be liable under this Policy.</p>\n\n<p>II. If there is any alteration after the commencement of this insurance whereby the risk of destruction or damage is increase the insurance shall cease to attach in respect of such destruction or damage which is directly or indirectly attributable to such increase in risk, unless the Insured, before the occurrence of any destruction or damage obtains the agreement of the Insurers by endorsement upon the Policy.</p>\n\n<p>III.This Policy shall not be cancelled by or on behalf of the Insurers except in<br />\naccordance with and the pursuant to the provisions of Sections 64 and 65 of the<br />\nInsurance Code. &nbsp;In the event of such cancellation, the Insurers shall refund the<br />\npaid premiums less the earned potion thereof to the Insured, likewise, this Policy<br />\nmay be cancelled on the short rate basis set forth in the short rate cancellation<br />\ntable at the request of the Insured. &nbsp;If this Policy is issued for a period of less than one year or if this policy is surrendered by the Insured for cancellation, premium shall be charged or retained in accordance with the following scale or percentages of the annual rate:</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;5 days or less - 6% &nbsp; &nbsp; &nbsp; &nbsp;Up to 4 months - 50%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 10 days - 10% &nbsp; &nbsp; &nbsp; &nbsp;Up to 5 months - 60%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 15 days - 13% &nbsp; &nbsp; &nbsp; &nbsp;Up to 6 months - 70%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 20 days - 17% &nbsp; &nbsp; &nbsp; &nbsp;Up to 7 months - 75%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 1 month - 20% &nbsp; &nbsp; &nbsp; &nbsp;Up to 8 months - 80%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 2 months - 30% &nbsp; &nbsp; &nbsp; Up to 9 months - 85%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Up to 3 months - 40% &nbsp; &nbsp; &nbsp; Over 9 months - the annual rate</p>\n\n<p>IV. The Insured shall give notice to the Insurers of any insurance or insurances already effected, or which may be subsequently be effected covering any of the property insured, and if at the time of any destruction or damage happening to any property hereby insured, there be any other subsisting insurance or insurance covering the same property, the insurers shall not be liable to pay or contribute more than their ratable proportion of such loss or damage.</p>\n\n<p>V. &nbsp;On the happening of any destruction or damage the Insured shall forthwith give notice thereof to the Insurers and shall within 60 days after the destruction or damage, or such further time as the Insurers may in writing allow in that behalf, deliver to the Insurers</p>\n\n<p>&nbsp; &nbsp; (a) &nbsp;A claim in writing for the destruction or damage containing as particular an account as may be reasonably practicable of all the several articles or items&nbsp;<br />\nor property damage or destroyed, and of the amount of the destruction or damage<br />\nthereto respectively, having regard to their value at the time of the &nbsp; &nbsp;destruction or damage, not including profit of any kind.</p>\n\n<p>&nbsp; &nbsp; &nbsp; &nbsp;Particulars of all other insurance, if any.&nbsp;</p>\n\n<p>&nbsp; &nbsp; The Insured shall also, at all times at their own expense, produce, and give to the Insurers all such further particulars, plans, specifications, books, vouchers, invoices, duplicates or copies thereof, documents, proofs and information with respect to the claim and the origin, cause and circumstances under which the destruction or damage occurred and any matter touching the liability or the amount of the liability of the Insurers as may be reasonable required by or on behalf of the Insurers together with a declaration on oath or in other legal form of the truth of the claim and of any matters connected therewith. No claim under this Policy shall be payable unless the terms of this condition have been complied with.<br />\n&nbsp;<br />\nVI. The Insured shall at all times act with due diligence to prevent, or minimize the extent of any destruction of or damage to the property insured.</p>\n\n<p>VII. On the happening of any destruction or damage to any of the property insured by this Policy the Insurers may</p>\n\n<p>&nbsp; &nbsp; (a) &nbsp;Take possession of or require to be delivered to it any property of the Insured on the premises at the time of the destruction or damage.<br />\n&nbsp; &nbsp; &nbsp; &nbsp;Keep possession of any such property and examine, sort, arrange, remove, or otherwise deal with the same<br />\n&nbsp; &nbsp; (c) &nbsp;Sell any such property or dispose of the same for account of whom it may<br />\nconcern.</p>\n\n<p>&nbsp; &nbsp; The power conferred by this Condition shall be exercisable by the Insurers at any time until notice in writing is given by the Insured?s that he makes no claim under the Policy, or if any claim is made, until such claim is finally determined or withdrawn, and the Insurers shall not by any act done in the exercise or purported exercise of their power hereunder, incur any liability to the Insured or diminish the Insured&#39;s right to rely upon any of the conditions of this Policy in answer to any claim. &nbsp;If the Insured or any person on their behalf shall not without valid grounds comply with the requirements of the Insurers or shall hinder or obstruct the Insurers in the exercise of their powers hereunder, all benefits under this Policy shall be forfeited.</p>\n\n<p>&nbsp; &nbsp; The Insured shall not in any case be entitled to abandon any property to the Insurers whether taken possession of by the Insured or not.</p>\n\n<p>VIII.If the claim be in any respect fraudulent, or if any false declaration be made or used in support thereof, or if any fraudulent means or devices are used by the Insured or any one acting on their behalf to obtain any benefit under this Policy; or, if the destruction or damage be occasioned by the willful act, or with the connivance of the Insured, all benefit under this Policy shall be forfeited.</p>\n\n<p>IX. &nbsp;The Insurers may at their option reinstate or replace the property damaged or<br />\ndestroyed, or any part thereof, instead of paying the amount of the destruction&nbsp;<br />\nor damage, or may join with other Insurers in so doing, but the Insurers shall&nbsp;<br />\nnot be bound to reinstate exactly or completely, but only as circumstances permit<br />\nand in reasonably sufficient manner, and in no case shall the Insurers be bound to<br />\nexpend more in reinstatement than it would have cost to reinstate such property as<br />\nit was at the time of the occurrence of such destruction or damage, nor morethan<br />\nthe sum insured by the Insurers thereon.</p>\n\n<p>&nbsp; &nbsp; &nbsp;If the Insurers so elect to reinstate or replace any property the Insured shall, at their own expense, furnish the Insurers with such plans, specifications,<br />\nmeasurements, quantities, and such other particulars as the Insurers may require,<br />\nand no acts done, or caused to be done by the Insurers with a view to reinstatement or replacement shall be deemed an election by the Insurers to reinstate or replace.<br />\n&nbsp; &nbsp; &nbsp;If in any case the Insurers shall be unable to reinstate or repair the property hereby insured because of any municipal of other regulations in force affecting the alignment of streets, or the construction of buildings, or otherwise, the insurers shall, in every such case, only be liable to pay such sum as would be requisite to reinstate or repair such property if the same could lawfully be reinstated to its former condition.</p>\n\n<p>X. &nbsp; The Insured shall, at the expense of the Insurers, do and concur in doing, and permit to be done, all such acts and things as may be necessary or reasonably &nbsp;required by the Insurers for the purpose of enforcing any rights and remedies,&nbsp;<br />\nor of obtaining relief or indemnity from other parties to which the Insurers shall<br />\nbe or would become entitled or subrogated, upon their paying for or making good any destruction or damage under this Policy, whether such acts and thins shall be or become necessary or required before or after their indemnification by the Insurers.</p>\n\n<p>XI. &nbsp;All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator to be appointed by the parties in difference or if they cannot agree upon a single arbitrator to the decision of twoarbitrators, one to be appointed in writing by each of the parties within thirty (30) days after having been required in writing to do so by either of the parties or in case of disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator or arbitrators or umpire shall be a condition precedent to any right of action against the Company, only in cases of differences as to the amount of liability arising out of this Policy.</p>\n\n<p>XII. In no case whatsoever shall the Insurers be liable for any destruction or damage after the expiration of twelve months from the happening of the destruction or damage unless the claim is the subject of pending action or arbitration.</p>\n\n<p>XIII. Renewal Clause - Unless the Company at least forty-five days in advance of the end of the Policy period mails or delivers to the Assured at the address shown in the Policy notice of its intention not to renew the Policy or to condition its renewal upon reduction of limits or elimination of coverage, the Assured shall be entitled to renew the Policy upon payment of the premium due on the effective date of renewal.</p>\n\n<p>XIV. Changes in Policy - None of the provisions, conditions and terms of this Policy shall be waived or altered except by endorsement signed or initialed by an<br />\nauthorized official of the Company and issued whenever applicable in accordance&nbsp;<br />\nwith the provisions of Section 50 of the Insurance Code.</p>\n\n<p>XV. &nbsp;Suit Against the Company - If a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection,&nbsp;<br />\nor in case or arbitration taking place as provided herein, within twelve (12)&nbsp;<br />\nmonths after due notice of the award made by the arbitrator or arbitrators or<br />\numpire, then the claim shall for all purposes be deemed to have been abandoned&nbsp;<br />\nand shall not thereafter be recoverable hereunder.</p>\n\n<p>XVI. Receipt of Payment Clause -Except only in those specific cases where corresponding rules and regulations which now are or may hereafter be in force provided for the payment of the stipulated premiums in periodic installments at fixed percentages, it is hereby declared, agreed and warranted that this Policy shall be deemed effective valid and binding upon the Company only when the premiums therefore have actually been paid in full and duly acknowledged in receipt by any authorized official or representative/agent of the Company.</p>\n', '', 450, '', '2017-07-04 11:15:34', '2017-07-04 11:15:34', 169, 169),
(749, '1', '80% AVE', '80% AVERAGE RELIEF CLAUSE', '<p>It is hereby declared and agreed that no average will apply if the adjusted amount of loss due to a peril insured against is 80% of the basis of indemnity. &nbsp;This clause shall be effected after the application of the Devaluation Clause and Automatic increase provisions have been applied.</p>\n', '', 450, '', '2017-07-14 15:28:29', '2017-07-14 15:28:29', 169, 169),
(750, '1', 'WO2', 'WAREHOUSE OCCUPANCY II', '<p>TO : ALLIEDBANKERS INSURANCE CORPORATION</p>\n\n<p>I/We hereby declare and agree that no goods or merchandise as specified hereunder shall be stored or kept for sale in the warehouse located as above, or in the open 9.15m (30 feet) thereof, or in any building communicating herewith to an extent exceeding in aggregate five percent &nbsp;(5%) of the total value of goods for merchandise contained in the said warehouse.</p>\n\n<p>The specified goods or merchandise prohibited for storage are:</p>\n\n<p>Abaca<br />\nAcetone<br />\nAcetylene<br />\nAcids (Concentrated)<br />\nAlcohol<br />\nAmmonia, aqueous solutions or spirits of Ammonia exceeding 30% concentration<br />\nAmmunition<br />\nAntofouling composition<br />\nAsphalt<br />\nBagasse<br />\nBisulphide of carbon<br />\nBone Meal<br />\nBrimstone<br />\nBuri<br />\nCalcium Carbide<br />\nCamphine<br />\nCamphor<br />\nCandles<br />\nCaps for toy pistols<br />\nCarbonic acid gas<br />\nCartridges<br />\nCecculoid<br />\nCollodion<br />\nCharcoal, Carbon and/or mapblack<br />\nChlorate of potash<br />\nChlorate of sode<br />\nCoal Coconut fiber (coir)<br />\nCod liver oil<br />\nCodilla<br />\nCopra and hydraulic pressed copra products only<br />\nCopra pruducts not hydraulic presses<br />\nCotton (raw)<br />\nEnamels<br />\nExplosives of all kinds including percussion caps<br />\nFibers (natural or synthetic)<br />\nFireworks and firecrakers<br />\nFish meal<br />\nFlammable gas in metal cylinders such as cooking gas<br />\nFlammable gas in metal cylinders such as but not limited to butane, hydrogen, methane, oxygen and acetylene<br />\nFlammable liquids and/or solutions not listed elsewhere in this tariff with a flash point not below 150 C (300 F)&nbsp;<br />\nFlammable liquids, solutions or paste, and/or oils (animal and/or vegetable and/or mineral), with flash point below 150 C (300 F) such as but not limited to enamels, printing ink, lacquers, paints, paint removers, solvents, thinners, varnish and varnish removers<br />\nFodder<br />\nFulminating powder<br />\nGrasses<br />\nGrease<br />\nGum Copal<br />\nGum Elemi<br />\nGunny Bags other than in fully presses bales<br />\nGunpowder<br />\nHay<br />\nJute<br />\nJute and Plastic bags<br />\nKapok (loose)<br />\nKapok in fully presses bales only<br />\nLacquer Paint<br />\nLampblack<br />\nMaguey<br />\nMatches<br />\nMungo<br />\nNaphthalene<br />\nNitroglycerine<br />\nOils - animal, fish and vegetable (except medicinal, edible and essential oils) not packed in bottles or tins<br />\nOils with flash point below 150 C (300 F)<br />\nPaint removers<br />\nPharmaceutical chemicals and drugs<br />\nPhosphorus&nbsp;<br />\nPitch<br />\nPotash Printing ink<br />\nQuick Lime (unslaked lime)<br />\nRags<br />\nResins (natural or synthetic) having a flash point above 150 C (300 F)<br />\nResins (natural or synthetic) having a flash point below 150 C (300 F)<br />\nRockets<br />\nRubber and rubber goods (natural or synthetic)<br />\nSaltpeter<br />\nShoddy<br />\nSisal&nbsp;<br />\nSolvents<br />\nSpirits of all kinds other than in sealed bottles<br />\nStearine<br />\nStraw<br />\nSulphur<br />\nSulphur dyes or colors<br />\nTallow<br />\nTar<br />\nTarpaulins<br />\nThinners<br />\nTurpentine<br />\nVarnish in tins only<br />\nVarnish and/or varnish removers<br />\nWaste of all kinds<br />\nWaterproofing compounds (film-forming)) with flash point below 150 C (300 F)<br />\nWax</p>\n\n<p>I/We understand that breach of this undertaking will render my/our policies issued pursuant hereto null and void. Dated in _____________________ this ___________________ day of ____________________ 20 ____.</p>\n\n<p>Signed _________________________________________<br />\n&nbsp; &nbsp; &nbsp; &nbsp;(Assured or Authorized Representative)</p>\n', '', 450, '', '2017-07-19 09:35:35', '2017-07-19 09:35:35', 169, 169),
(751, '1', 'NOM-ADJ', 'NOMINATED ADJUSTERS', '<p>IT IS HEREBY DECLARED AND AGREED, that is case of claim the following adjuster companies (per policy scheduled) shall be appointed to control investigation, negotiation and reporting of claim under this Policy.&nbsp;</p>\n\n<p>IT IS FURTHER DECLARED AND AGREED, that the Company has the right to replace the appointed adjuster as it may deem necessary.&nbsp;</p>\n', '', 1432, '', '2017-07-19 13:25:27', '2017-07-19 13:25:27', 194, 194),
(753, '1', 'BIO-CHE-MAT', 'BIOLOGICAL OR CHEMICAL MATERIALS EXCLUSIONS', '<p>It is agree that this Insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with the actual or threatened malicious use of pathogenic or poisonous biological or chemical materials regardless of any other cause or event contributing concurrently or in any other sequence thereto.&nbsp;</p>\n', '', 2456, '', '2017-08-08 12:36:00', '2017-08-08 12:36:00', 194, 194),
(754, '2', 'ARISK', 'ALL RISK', '<p>.</p>\n', '', 450, '', '2017-08-16 09:25:47', '2017-08-16 09:25:47', 169, 169),
(755, '1', 'REC-RES-CLA', 'RECONSTRUCTION/RESTORATION OF RECORDS/DOCUMENTS CLAUSE', '<p>Covers such cost incurred by or on behalf of the Insured including&nbsp;remuneration to the Insured for supervising and/or for actual work) in&nbsp;collecting information preparing and/or rewriting files, plans, drawings,&nbsp;designs, specifications and other business records and the reproduction of&nbsp;computer system records, belonging to or under the control of the Insured&nbsp;or in which the Insured has an insurable interest which may be lost,&nbsp;destroyed or damaged by any contingency hereby insured against.</p>\n', '', 1015, '', '2017-08-30 11:03:21', '2017-08-30 11:03:21', 194, 194),
(756, '1', 'OMN-CLA', 'OMNIBUS CLAUSE', '<p>All applicable provisions of Presidential Degree No. 612 otherwise known as the &quot;The Insurance Code&quot; are deemed to have been incorporated into this Policy and will supersede any agreement/condition of the Policy inconsistent therewith.</p>\n', '', 450, '', '2017-09-07 10:20:58', '2017-09-07 10:20:58', 169, 169),
(757, '1', 'DEL-CON', 'DELETION OF CONDITION NO. 8-C', '<p>.</p>\n', '', 450, '', '2017-09-07 10:21:30', '2017-09-07 10:22:33', 169, 178),
(758, '3', 'LIMIT-USE-TNC', 'LIMITATIONS AS TO USE (TNCs)', '<p>Warranted that the vehicle insured is not for hire or enrolled in any Transport Network Company such as, but not limited, to UBER or GRAB.</p>\n', '14,16,15,20,17,18,19,21,26,74', 3065, '', '2017-09-21 18:26:01', '2017-09-21 18:26:35', 69, 69);
