This document outlines a sanctions limitation and exclusion clause stating that no (re)insurer shall provide coverage or pay claims that would expose them to sanctions from the United Nations or trade/economic sanctions from the European Union, United Kingdom, or United States. Similarly, the Serbian translation specifies that if coverage under the policy violates any sanctions or restrictions imposed by these bodies, the scope of coverage will be limited to avoid contravening those sanctions.
This document outlines a sanctions limitation and exclusion clause stating that no (re)insurer shall provide coverage or pay claims that would expose them to sanctions from the United Nations or trade/economic sanctions from the European Union, United Kingdom, or United States. Similarly, the Serbian translation specifies that if coverage under the policy violates any sanctions or restrictions imposed by these bodies, the scope of coverage will be limited to avoid contravening those sanctions.
This document outlines a sanctions limitation and exclusion clause stating that no (re)insurer shall provide coverage or pay claims that would expose them to sanctions from the United Nations or trade/economic sanctions from the European Union, United Kingdom, or United States. Similarly, the Serbian translation specifies that if coverage under the policy violates any sanctions or restrictions imposed by these bodies, the scope of coverage will be limited to avoid contravening those sanctions.
No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable
to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America. Klauzula o ogranienju i iskljuenju sankcija Ni jedan (re)osigurava nema obavezu da obezbedi pokrie i ni jedan (re)osigurava nije u obavezi da plati bilo koju tetu niti da prui bilo kakvu nadoknadu na osnovu ovog ugovora ukoliko bi pruanje takvog pokria, isplata takve tete ili pruanje takve nadoknade izloilo tog (re)osiguravaa bilo kojoj sankciji, zabrani ili restrikciji nametnutoj rezolucijama Ujedinjenih Nacija, ili trgovinsko-ekonomskim sankcijama, zakonima i propisima Evropske Unije, Ujedinjenog Kraljevstva ili Sjedinjenih Amerikih Drava. JC2010/014 11 August 2010 Srpski : U sluaju da pokrie koje se prua ovom polisom kri bilo koje sankcije, zabrane, restrikcije, izvozne i/ili kontrole razmene nametnute od strane Evropske Unije, Ujedinjenog Kraljevstva, Ujedinjenih Nacija ili Sjedinjenih Amerikih Drava, obim pokria koji se prua ovom polisom e biti limitiran do nivoa potrebnog za izbegavanje krenja pomenutih sankcija, zabrana, restrikcija, izvoznih i/ili kontrola razmene. Engleski : In the event that the cover provided by this Policy violates any sanctions, prohibitions, restrictions, export and/or exchange controls imposed by European Union, United Kingdom, UN or United States of America, the scope of the cover provided by this Policy shall be reduced to the extent necessary to avoid any contravention of such sanctions, prohibitions, restrictions, export and/or exchange controls.