Insurance Policy Extract - Mark IV Industrial Special Risks - Termination Of Cover Under Section 2

Notwithstanding anything contained herein to the contrary, if during any period inrespect of which this Policy is in force:

a. the Insured ceases to carry on the Business, or any part of the Business isdisposed of, permanently discontinued, or the Insured's interest in the Business or such part thereof ceases otherwise than by death; or

b. the Insured (being a corporation) is placed in liquidation (or provisional liquidation), is placed under Official Management, enters into a Scheme of Arrangement, has Receivers and/or Managers appointed over its assets or undertaking(s); or

c. the Insured (being a natural person) becomes a bankrupt or enters into a scheme of arrangement or compromise or composition with creditors;

then the insurance cover provided under section 2 of this Policy in respect of such Business or Insured shall automatically and forthwith cease.

Insurance Policy

Country: - Australia

Policy Description: - Mark IV Industrial Special Risks (ISR) Policy

Insurer: - Various

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