Selasa, 04 Juni 2013

FIRST LOSS INSURANCE

This policy is issued as a First Loss Insurance up to an amount of US $. X,XXX,XXX.00. It is further understood and agreed that in the event of the total value at risk being at the time of any loss within the meaning of this policy of greater value than the sum of  US$. X,XXX,XXX.00. The insured shall bear a ratable proportion of the first loss accordingly.
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