1964_SOLICITORS_(PROFESSIONAL_INDEMNITY_AMENDMENT)_RULES — Page 7

1986 Ed.]

Solicitors (Professional Indemnity) (Amendment) Rules

[CAP. 159

07

[Subsidiary]

claim made against the Practice of which the solicitor is or was a Principal or employee (including the failure or refusal of the solicitor to co-operate with the Panel Solicitor concerning the claim) in respect of any act or omission covered by the Professional Indemnity Insurance Scheme.

12. The Solicitors (Professional Indemnity) Rules shall cease to apply after 30 September 1986.

THE SCHEDULE

1. PARTICULARS OF INSURANCE COVER

(1) Indemnification of the Insured against all loss to the Insured whensoever occurring arising from any claim first made against the Insured during the Period of Insurance in respect of any description of civil liability whatsoever incurred in connection with the Practice or from any such claim made during or subsequent to the Period of Insurance arising out of circumstances notified to Authorized Insurers during the Period of Insurance as circumstances which may give rise to a claim.

(2) Authorized Insurers will not indemnify the Insured in respect of

(a) the deductible any one claim as set out in paragraph 2(2) below;

(b) any claim arising from any notice received by the Insured prior to 1 October 1986 from any person advising or intimating that it is the intention of such person to hold the Insured responsible for any act or omission, and any legal proceedings brought in respect of any such act or omission, in connection with the Practice;

(c) loss arising out of any claim---

(i) for death, bodily injury, physical loss or physical damage to property of any kind whatsoever (other than property in the care, custody and control of any of the Insured in connection with the Practice for which the Insured is responsible, not being property occupied or used by the Insured for the purposes of the Practice);

(ii) for the payment of a trading debt incurred by the Insured;

(iii) brought about by the dishonesty or fraudulent act or fraudulent omission of the Principal. Provided that this exclusion shall not apply to liability arising out of any claim brought about by the dishonesty or fraudulent act or fraudulent omission of any persons employed in the Practice;

(iv) directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel, the radio-active toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof; directly occasioned by pressure waves caused by aircraft or other aerial devices travelling at sonic or supersonic speeds, or from war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power;

(v) in respect of any liability incurred in connection with a Practice conducted wholly outside Hong Kong;

(vi) made by Carrian Investments Limited (CIL), Carrian Holdings Limited (CHL) or any of their respective subsidiary or associate companies or by the shareholders, creditors or liquidator(s) of any of them in respect of professional or other work done by the Insured for or on behalf or for the benefit of CIL, CHL or any of their respective subsidiary or associate companies at any time prior to the liquidation of such company but the Insurer shall remain liable in respect of professional or other work done for or on behalf of or for the benefit of the liquidator(s) of such company. In this subclause "subsidiary" shall bear the meaning ascribed by section 2(4) of the Companies Ordinance; or