Dear Valued Policyholder,
New Policy Wordings and Mandatory Clauses Upon Renewal
Thank you for choosing AmGeneral as your insurer. Further to our recent products’ review process, we would like to advise you that we have recently revamped our Policy Documents. For policies renewing on 1 November 2018 onwards, new set of Policy Wording will be used for the following Classes of Insurance:
For key changes to the Policy Wordings, kindly click here.
Also, kindly note that the following clauses as listed below are made mandatory for policies renewing on 1 November 2018 onwards. Please refer to the Appendix for the full clause wordings.
We are here to assist you to understand the changes above. Please contact our agent, our nearest branch or our friendly Customer Service Executives at:
Appendix: Clauses’ Wordings
The Company shall not be liable for any loss or damage caused by or attributed to the act of criminal breach of trust by any person within the meaning of the definition of the offence of criminal breach of trust set out in the Penal Code.
Criminal breach of trust as defined in the Penal Code is as follows: -
"Whoever, being in any manner entrusted with property or with any dominion over property, dishonestly misappropriates or converts to his own use that property, or dishonestly uses or disposes of that property in violation of any direction of law prescribing the mode in which such trust is to be discharged, or of any legal contract, express or implied, which he has made touching the discharge of such trust, of willfully suffers any other person so to do, commits 'criminal breach of trust'."
For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in fear.
This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to any act of terrorism.
If the Company allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Insured.
In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect.
If this condition is not complied with then this contract is automatically cancelled and the Company shall be entitled to the pro-rata premium for the period they have been on risk.
Where the premium payable pursuant to this Warranty is received by an authorized agent of the Company, the payment shall be deemed to be received by the Company for the purposes of this warranty and the onus of proving that the premium payable was received by a person, including an insurance agent, who was not authorized to receive such premium shall lie on the Company.
Subject otherwise to the terms and conditions of this Policy.
Physical damage to the substance of property shall not include damage to data or software, in particular any detrimental change in data, software or computer programs that is cause by deletion, a corruption or a deformation of the original structure.
Consequently, the following are excluded from this Policy: -
Cheating is defined in the Penal Code as “whoever, by deceiving any person fraudulently or dishonestly induces the person so deceived to deliver any property to any person or to consent that any person shall retain any property or intentionally induces the person so deceived to do or omit to do anything which he would not do or omit if he were not so deceived, and which act or omission causes or is likely to cause damage or harm to that person in body, mind, reputation or property, is said to Cheat”.