Co Insurance Clause_2

C-Clauses174 Views
banner 468x60
  1. Any agreement or decision which may be made between the Insured and PT. Tugu Pratama Indonesia, in connection with this Co-Insurance shall be final and binding upon all Co-Insurers.
  2. PT.  Tugu Pratama Indonesia as the representative of Co-Insurers shall attend to all matters connected with this Co-Insurance, but premium collection and claim settlements are handled by each Co-Insurance independently.
  3. I .       Being  Co-Insurers of the under mentioned Insurance Companies, they shall each  for themselves and not one for the other, severally and independently have rights and assume the liabilities in proportion to their shares as mentioned below.
  4. Any notice which may be given by the Insured to PT. Tugu Pratama Indonesia, in writing or otherwise shall be deemed to be given to all Co-Insurers.
    • Names of Co-Insurance and their respective shares :
    1. PT.A for xx% share
    2. PT.B for xx% share
    3. PT.C for xx% share
banner 336x280

Leave a Reply

Your email address will not be published. Required fields are marked *