|
3,a. is replaced in its entirety by the following:
<br />Damages claimed for any loss, cost or
<br />a, Coverage under this provision is afforded only
<br />expense Incurred by you or others for the
<br />until the end of the policy period,
<br />loss of use, withdrawal, recall, Inspection,
<br />repair, replacement, adjustment, removal
<br />14. Non,Owned Watercraft
<br />or disposal of:
<br />Under Section I • Coverage A, paragraph 2
<br />(1) "Your product";
<br />Exclusions, 9.(2) is replaced in its entirety by the
<br />(2) "Yourwork "; or
<br />following:
<br />(3) "Impaired property`
<br />(2) A watercraft you do not awn that is:
<br />if such product, work, or property is
<br />(a) Less than 51 feet long; and
<br />withdrawn or recalled from the market or
<br />(b) Not being used to carry persons or
<br />from use by any person or organization
<br />property for a charge;
<br />because of a known or suspected defect,
<br />This provision applies to any person, who
<br />deficiency, Inadequacy or dangerous
<br />With your consent, either uses or is
<br />condition In it, but this exclusion does not
<br />responsible for the use of a watercraft,
<br />apply to "product recall expenses" that you
<br />incur for the "covered recall" of "your
<br />15. Personal Injury • Broad Form
<br />product". The exception to the exclusion
<br />does not apply to "Product recall expenses"
<br />(1) Under Section I - Coverage B, paragraph 2,e.
<br />resulting from,
<br />Is deleted in its entirety,
<br />(1) Failure of any products to accomplish
<br />(2) Under Section V � Definitions, definition 14,
<br />their intended purpose;
<br />paragraph b. is replaced in its entirety by the
<br />following:
<br />(2) Breach of warranties of fitness, quality,
<br />durability or performance;
<br />b, Malicious prosecution or abuse of process.
<br />(3) Loss of customer approval, or any cost
<br />(3) Under Section V - Definitions, definition 14,
<br />Incurred to regain customer approval;
<br />paragraph h, is added as follows:
<br />(4) Redistribution or replacement of "your
<br />h, Discrimination or humiliation (unless
<br />product" which has been recalled by
<br />insurance thereof is prohibited by law) that
<br />like products or substitutes;
<br />results in Injury to the feelings or reputation
<br />(5) Caprice or whim of the insured;
<br />of a natural person, but only if such
<br />discrimination or humiliation is:
<br />(6) A condition likely to cause loss of which
<br />(1) Not done intentionally by or at the
<br />any insured knew or had reason to
<br />direction of:
<br />know at the Inception of this insurance;
<br />(a) The insured;
<br />(7) Asbestos, Including loss, damage or
<br />clean up resulting from asbestos or
<br />(b) Any officer of the corporation,
<br />asbestos containing materials;
<br />director, stockholder, partner or
<br />member of the insured; and
<br />(8) Recall of "your products" that have no
<br />known or suspected defect solely
<br />(2) Not directly or Indirectly related to an
<br />because a known or suspected defect
<br />"employee ", not to the employment,
<br />in another of "your products" has been
<br />prospective employment or termination
<br />found.
<br />of any parson or persons by an
<br />Insured.
<br />(2) Under Section It - Who la An Insured,
<br />paragraph 3,d, is added as follows:
<br />(4) This coverage does not apply If Coverage B -
<br />d. Coverage A does not apply to "product
<br />Personal and Advertising Injury Liability is
<br />recall expense" arising out of any
<br />excluded either by the provisions of the
<br />Coverage Part of by endorsement,
<br />withdrawal or recall that occurred before
<br />you acquired or formed the organization.
<br />16. Product Recall Expense
<br />(3) Under Section III - Limits of Insurance,
<br />(1) Under n l Coverage A, paragraph
<br />paragraph 8. is added as follows:
<br />Exclusions, lons, n, is replaced in its entirety by the a
<br />S. The Limits of Insurance and rules stated
<br />following:
<br />below fix the most we will pay under this
<br />n. Recall of Products, Work or Impaired
<br />coverage part.
<br />Property
<br />Page 4 of 6
<br />421.0778 09 09 Includes copyrighted materiel of ISO Insurance Services Office, Inc. with its permission,
<br />
|