NOW THIS POLICY WITNESSETH that in consideration of the Insured paying to the Company the premium
prior to the inception of this Policy , the Company will subject to the terms
exceptions limits and conditions herein or endorsed hereon in the event of a
‘Hole in One’ event happening during the period the Golf Tournament insured and
at the location as described in the schedule, indemnity the Insured in respect
of the amount of the “ Hole In One” prize, for which the Insured has agreed to
pay.
PROVIDED that :
A. No Claim shall payable under this policy unless the insured is liable to
pay to any one eligible participating golfer in the described Golf Tournament
as a result of a valid “Hole In One” Golf shot during the said Tournament as
detailed in the schedule of the Policy.
B. The terms :
i) Valid – shall mean a first genuine Tee Shot from the hole described
under the schedule of the Policy which result in a “Hole In One” shot as
recognized by all members of the Supervisors.
ii) Eligible Participation Golfer shall mean any person which has been
approved and registered with the particular Golf Tournament organizing
committee to participate in the said Golf Tournament to which the list of names
of the participating golfers has been lodged with the Company of available for
the inspection by the authorized representative of the Company.
C. Unless advised to the Contrary by the Company, the Insured shall request
the approval of the Organizing Committee to give admittance to the Company’s
authorized representative to Supervise at all times during the Tournament,
every participating Golfer in executing their first Tee shot at the described
hole and shall have the rights to approve whether a valid “Hole In One” shot
has taken place or otherwise for the purpose of this insurance.
GENERAL EXCEPTIONS
PROVIDED ALWAYS that the Company shall not be liable in respect of Loss or damage
directly or indirectly due to the Insured having caused or suffered anything to
be done whereby the risk hereby insured was increased.
Provided further that the observance and fulfilment by the Insured of
the terms and conditions of this Policy and of any endorsement which may be
made hereon (insofar as it practicable, having regard to the nature thereof,
for the Insured to have observed and fulfilled them) shall be a condition
precedent to the lnsured's right to recover hereunder.
CONDITIONS
1 . If any
claim under this Policy shall be in any respect fraudulent or if any fraudulent
means or devices are used by the Insured or anyone acting on his behalf to
obtain any benefit under this Policy the Company shall be under no liability in
respect of the claim.
2. The
Company may at any time, by giving seven days notice in writing to the Insured
at his last address as known to the Company terminate this Policy as from the
expiration of such seven days provided that the Company shall in the event
return to the Insured a proportionate part of the premium for the unexpired
period of the policy.
3. All
differences arising out of this Policy shall be referred to the decision of an
Arbitrator to be appointed in writing by the parties in difference or if they
can not agree upon a single Arbitrator to the decision of two Arbitrators of
whom shall be appointed in writing by each of the parties within one calendar
month after having been required in writing so to do by either of the parties
or in case the Arbitrators do not agree of an umpire appointed in writing by
the Arbitrators before entering upon the reference. The umpire shall sit with
the Arbitrators and preside at their meetings and the making of an award shall
be a condition precedent to any right of action against the Company.
4. Should any difference arise out of this Policy and the Insured fail to avail
himself of the provisions of condition (3) hereof within six months after such
difference first arose or should an award be made under the aforesaid condition
and the Insured fail to commence proceedings against the Company within six
months after the date of such award all benefit under this Policy shall be
forfeited.
5. Deductible : The Insured shall bear the deductible of 10% of claim for each and every
claim payable stated under this policy schedule.
Asuransi Hole In One
4/
5
Oleh
sudarno hardjo
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