Transcription of SECTION 3 RULES FOR FIRE CONSEQUENTIAL LOSS …
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SECTION 3 RULES FOR FIRE CONSEQUENTIAL LOSS …
3-1 SECTION 3 RULES FOR fire CONSEQUENTIAL loss insurance This SECTION applies to all fire CONSEQUENTIAL loss insurances, loss of profits and any other insurances providing similar cover other than loss of profits insurance under the Engineering Class, Industrial All Risks insurance , Marine insurance and insurances under the Large Risks Scheme. The rates under the RULES for fire CONSEQUENTIAL loss insurance are minimum rates to be applied. Members may apply higher rates/excess subject to individual company's underwriting. Average Base Rate The rate for fire CONSEQUENTIAL loss insurance shall not be less than the basic fire and/or perils/clauses rates (including the additional rates for clauses such as Electrical Installation Clause 8B, etc.)
3-1 . SECTION 3 . RULES FOR FIRE CONSEQUENTIAL LOSS INSURANCE . 1.0 This section applies to all fire consequential loss insurances, loss of profits and any other insurances providing similar
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