Your Necessary Companion to Successful
Risk Management

ACCIDENT INSURANCE

Eligibility
All Directors of the Board, under the age of 70;

Endorsement No.1: “Eligibility of Insurance” coverage is extended to individuals between age 71 and 81 with the Principal Sum reduced to $10,000 for such persons

Scope of Coverage
Any accident causing injury which results in a loss specified in the section of Specific Loss - anywhere in the world, while travelling on the business of the employer and in consequence of and during the course of any Trip, excluding everyday travel to and from work and bona fide vacations.

“Trip” means any absence from the ordinary place of employment for the purpose of furthering the business of employer. Premium $25 annual fee per each Board.

Schedule of Benefits

Benefit	Maximum Amount
Principal Sum Repatriation Benefit Rehabilitation Benefit Family Transportation Funeral Expense Home Alteration and/or Vehicle Modification Benefit Seat Belt Benefit	$25,000 $10,000 $10,000 $10,000 $ 3,500 $10,000 10% of Principal Sum

Aggregate Limit of Indemnity
A maximum limit of $2,500,000 is imposed on the total of all losses arising out of any one accident covered under the program.

This means that if the eligible person and any other persons insured under the program suffer losses occurring from the same accident, and the total of all benefits (the benefit the eligible person is entitled to add to those which the others are entitled to) is greater than the aggregate limit of indemnity amount, then the amount of benefit payable to each individual will be proportionately reduced so that the total amount of all benefits payable equals $2,500,000.

THIS IS ONLY A BROAD OUTLINE OF BENEFITS UNDER THE POLICY, ALL RIGHTS AND OBLIGATIONS ARE DETERMINED IN ACCORDANCE WITH THE POLICY WHICH CONTAINS TERMS, LIMITATIONS AND EXCLUSIONS THAT MAY LIMIT THE AMOUNT PAYABLE IN THE EVENT OF A CLAIM.