Common use of War and Terrorism Risks Clause in Contracts

War and Terrorism Risks. If the death of the Life Assured occurs as a direct or indirect consequence of war, warlike operations (whether war is declared or not, conventional, biological, chemical or nuclear), invasion, acts of foreign enemies, hostilities, acts of terrorism, terrorist sabotage, rebellion, mutiny, riot, civil commotion, political or civil unrest, civil war, revolution, insurrection, military or usurped power, martial law, embargo, piracy, or any act committed by any person or persons for the purpose of overthrowing a government by violent force or to influence political decision making. Terrorism (suspected or proven) shall be understood to include the consequences of hostage taking, drive-by shootings, planting of bombs, and other forms of physical violence, then the amount payable under this Contract will be limited to the mathematical reserve of this Contract (i.e. the proportional contribution paid in advance and not due because of the earlier death of the Life Assured).

Appears in 2 contracts

Sources: General Conditions, Spiral Term Insurance Contract