Wilful act. Contrary to the provisions of Section 952 of Book 7 of the Netherlands Civil Code, this insurance shall not cover claims for compensation of loss or damage if to the insured held liable such loss or damage is the intended or inevitable consequence of his act or failure to act. However, this insurance shall cover the liability of the insured for wilful loss or damage caused by his subordinate(s), provided that the insured is not at fault with respect to the wilful loss or damage. With regard to legal entities, only the wilful act by a director or officer within the meaning of Book 2 of Netherlands Civil Code shall for the application of this exclusion be deemed to constitute a wilful act by the legal entity; with regard to a general partnership or a limited partnership, only the wilful act by a managing partner shall qualify as such.
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Sources: Liability Insurance Policy, Liability Insurance Policy
Wilful act. Contrary to the provisions of Section 952 of Book 7 of the Netherlands Civil Code, this insurance shall does not cover claims for compensation of loss or damage if to the insured held liable such loss or damage is the intended or inevitable consequence of his an act or failure to actact of the insured held liable. However, this This insurance shall does cover the liability of the insured for wilful loss or damage caused by his subordinate(s), provided that the insured is not at fault with respect to the wilful loss or damage. With regard to legal entities, only the wilful act by of a director or officer within the meaning of Book 2 of the Netherlands Civil Code shall will for the application of this exclusion be deemed to constitute a wilful act by of the legal entity; with regard to a general partnership or a limited partnership, only the wilful act by of a managing partner shall will qualify as such.
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