Summary
This article outlines changes to policy conditions A and B concerning the aggregate limit basis for AQUW167, detailing the insurer's maximum liability and the application of the excess.
AQUW167: Aggregate Limit Basis - Policy Condition Changes
Highlights
Deleted and Replaced Conditions
Policy conditions A) and B) for 'Limit of Indemnity' are deleted and replaced with new stipulations for AQUW167.
New Condition A: Maximum Liability
The insurer's maximum liability for all single claims during the Period of Insurance is limited to the defined Limit of Indemnity.
New Condition B: Application of Excess
The insurer is only liable for the portion of any loss arising from a single claim that exceeds the specified Excess, also subject to the overall Limit of Indemnity for all single claims.