Risks : MI
It is hereby noted and agreed that this policy is extended to cover Personal Accident for the officers and/or employees in charge of the money with covers Death, Permanent Disablement (Continental Scale) with limit IDR. _________ and Medical Reimbursement with limit 10% of Death or Permanent Disablement anyone officer and/or employee and Maximum ____ (____) persons anyone accident.
Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.
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