Common use of Hostage Clause in Contracts

Hostage. The detention of an Insured Person by a third party who threatens to kill, injure or continue to detain an Insured Person in order to compel a state, international organisation or person to do or abstain from doing any act. Kidnap The seizing, detaining or carrying away by force or fraud of one or more Insured Persons (except a child by its parent or guardian) by a third party without the consent of an Insured Person and without lawful excuse. Kidnap for ▇▇▇▇▇▇ Any event or connected series of events of seizing, detaining or carrying away by force or fraud of one or more Insured Persons (except a child by its parent or guardian) for the purpose of demanding cash, monetary instruments, bullion, or the fair market value of any securities, property or services. ▇▇▇▇▇▇ Monies Cash, monetary instruments, bullion, or the fair market value of any securities, property or services. Exclusions applicable to Section B6 The Company will not be liable for any claim that is the result of: 1 The fraudulent, dishonest, or criminal acts of the Insured, or any person authorised by the Insured to have custody of ▇▇▇▇▇▇ ▇▇▇▇▇▇. This exclusion will not apply to the payment of ▇▇▇▇▇▇ Monies by the Insured in a situation where local authorities have declared such payment illegal.