Coverage classification
- Form type
- Exclusions
- Topics
- Sanctions
Compare Sanction limitation and exclusion clause forms
| Form | Intent | When it applies | Notable terms |
|---|---|---|---|
Beazley Insurance Company, Inc.Sanction Limitation and Exclusion Clause E02804 032011 ed. Management Liability | Limits coverage, claims payment or benefits to the extent they would expose the insurer to specified sanctions or restrictions. | References United Nations resolutions and trade or economic sanctions, law or regulations of the European Union, United Kingdom or United States. | Focuses on exposure of the insurer to a sanction, prohibition or restriction. |
Founders Insurance CompanyExclusion - Trade or Economic Sanctions 16E-0049 Ed. 05-2024 Commercial Insurance | Excludes coverage to the extent laws or regulations prohibit the insurer from providing insurance. | References trade or economic sanctions and other laws or regulations, including those administered and enforced by the U.S. Treasury’s Office of Foreign Assets Control. | Expressly includes payment of claims in the prohibition. |
Notable clauses
“would expose that (re)insurer to any sanction, prohibition or restriction”
Beazley Insurance Company, Inc. · Sanction Limitation and Exclusion Clause · E02804 032011 ed.
Sanctions exposure. The clause ties its limitation to the insurer’s exposure under the identified authorities.
“prohibit us from providing insurance, including, but not limited to, the payment of claims”
Founders Insurance Company · Exclusion - Trade or Economic Sanctions · 16E-0049 Ed. 05-2024
Prohibited insurance. The exclusion applies to the extent specified laws or regulations prohibit the insurer from providing insurance.
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