Sanction Limitation and Exclusion Clause
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 States of America or Malaysia.
Territorial Exclusion Clause
The Insurer shall not indemnify the Insured for any liability:
- in respect of any judgement, award, payment, legal costs and expenses or settlement delivered, made or incurred where legal actions are brought in a court of law within countries which operate under the laws of "Excluded Countries/Territories", or any order made anywhere in the world to enforce such judgment, award, payment, legal costs and expenses or settlement either in whole or in part;
- incurred by the government of "Excluded Countries/Territories" or resulting from activities that involve or benefit the government of "Excluded Countries/ Territories", or where the payment of such indemnity by the Insurer will benefit the government of "Excluded Countries/Territories";
- in respect of any settlement agreed or incurred outside of a court of law, prior to any legal actions being brought, by, or to the benefit of, persons or entities resident in "Excluded Countries/Territories"; Entities shall include any parent company, direct or indirect holding company owned or controlled by the government of "Excluded Countries/Territories", persons or entities resident in "Excluded Countries/Territories".
Important Notice
Please note that this list shall be updated from time to time and is incorporated by way of reference into the Policy contract. If you are the Insured/Policyholder, it is your responsibility to check periodically to ensure that you are aware of the updated Excluded Countries/Territories and Restricted Countries.
In addition, please be aware that access to this link/table may be interrupted due to
- website downtime for scheduled maintenance at the sole discretion of Generali Insurance Malaysia Berhad or
- interruptions in internet connectivity or other website downtime caused by circumstances beyond Generali Insurance Malaysia Berhad control.
You hereby acknowledge and agree that Generali Insurance Malaysia Berhad shall not, in any way, be liable for, or bear responsibility with respect to, any such service interruptions and release Generali Insurance Malaysia Berhad from any claims relating thereto.
