SANCTIONS, EMBARGO AND PROHIBITED TRANSACTIONS #
The Company is not liable to make any payments for liability under any coverage sections of this policy or make any payments under any extension :
For any loss or claim arising in, or where the Insured or any beneficiary under the policy is a citizen or instrumentality of the government of, any country(ies) against which any laws and/or regulations governing this policy and/or the insurer, its parent company or its ultimate controlling entity have established an embargo or other form of economic sanction which have the effect of prohibiting the insurer to provide insurance coverage, transacting business with or otherwise offering economic benefits to the insured or any other beneficiary under the policy.
It is further understood and agreed that no benefits or payments will be made to any benefiacy(ies) who is/are declared unable to receive economic benefits under the laws and/or regulations governing this policy and/or the insurer, its parent company or its ultimate controlling entity.
Leave A Comment
You must be logged in to post a comment