Extra Contractual Obligation Clause

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All cover in respect of extra contractual obligations howsoever arising such extra contractual obligations being defined as any award made by a court of competent jurisdiction against an Insurer or Reinsurer  which award is not within the coverage granted by any insurance and/or reinsurance contract made between the parties in dispute, unless such extra contractual obligations is incurred as a result of the Reinsured’s participation in any reinsurance which provides cover for such loss results from a contractual liability by the Reinsured.

 

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