Insurance Policy - Capital Crest

Effective Date: 1992

This Insurance Policy ("Policy") is entered into between Capital Crest ("Insured") and Liberty Mutual ("Insurer") to provide comprehensive insurance coverage for the Insured's investment activities. This Policy outlines the terms, conditions, and coverage details.

1. Coverage Details

The Insurer agrees to provide coverage to the Insured against the following risks:

  • Investment losses due to market fluctuations
  • Theft or embezzlement of funds
  • Fraudulent activities by employees or third parties
  • Legal expenses arising from investment-related lawsuits
  • Errors or omissions in investment advice or recommendations
  • Business interruption due to unforeseen circumstances
  • Damage to physical assets

2. Coverage Limits

The coverage limits for each risk mentioned above are subject to the terms and conditions stated in the Policy Schedule. The Insurer and the Insured will agree upon the specific coverage limits and any sub-limits for different types of risks.

3. Policy Exclusions

This Policy does not provide coverage for the following:

  • Losses incurred due to willful misconduct or illegal activities by the Insured
  • Claims arising from pre-existing conditions or known risks
  • Losses resulting from war, terrorism, or nuclear events
  • Losses caused by cyberattacks or data breaches
  • Losses arising from investments in prohibited industries or activities

4. Premiums and Payment Terms

The Insured agrees to pay the premiums as stated in the Policy Schedule. Premiums must be paid within 30 days of the Policy's effective date. Failure to pay the premiums within the specified time may result in the cancellation of coverage.

5. Claims Process

In the event of a claim, the Insured must provide written notice to the Insurer within 30 days of the occurrence. The Insured must cooperate fully with the Insurer during the investigation and provide all necessary documentation and information. The Insurer will assess the claim and, if approved, provide the agreed-upon compensation within a reasonable time frame.

6. Policy Renewal and Termination

This Policy is valid for a period of 30 days and may be renewed upon mutual agreement. The Insurer reserves the right to terminate this Policy in case of non-payment of premiums, misrepresentation of information, or violation of the Policy terms and conditions.

Either party may terminate this Policy by providing written notice to the other party at least 30 days before the intended termination date.

7. Governing Law and Dispute Resolution

This Policy shall be governed by and construed in accordance with the laws. Any disputes or disagreements arising out of or in connection with this Policy shall be resolved through arbitration in accordance with the rules . The decision of the arbitrator(s) shall be final and binding on both parties.

By agreeing to this Policy, the Insured acknowledges that they have read and understood all the terms, conditions, and coverage details provided herein.

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