Fire3

SECTION - 1

SECTION I

GENERAL RULES & REGULATIONS

These rules and regulations are applicable to all sections of this Tariff.

1. POLICY

a) Only Standard Fire and Special Perils Policy (hereinafter referred to as

Policy) with the permitted “Add- on” covers (as appearing under Section

VIII) iany, can be issued.

Note:- Unless otherwise specifically provided for, this tariff is applicable

to land-based properties only.

b) The wordings of the policy shall be as shown in Section II of the Tariff.

c) Policy(ies) should be read together with proposal form(s), schedule,

specification, endorsements, warranties and clauses as one contract.

d) Policy(ies) covering Buildings and/or contents shall show blockwise

separate amounts on (i) Building (ii) Machinery and accessories

(iii) Stock and Stock-in-Process and (iv) Furniture and other contents.

e) It is permissible to exclude Storm, Tempest, Flood and Inundation group

of perils (hereinafter referred to as STFI) and/or Riot, Strike and Malicious

Damage perils (hereinafter referred to as RSMD) at inception of the Policy

only by deleting the relevant perils from the Policy. The deletion shall

apply for the entire property in one complex/ compound /location

covering the entire interest of the Insured under one or more policy(ies)

without any option for selection. Reduction in premium rates for such

deletion(s) may be allowed as shown under the relevant sections of the

Tariff. When these perils are deleted from the scope of the policy, the

general exclusions shall include these perils.

f) Any risk, which has not been provided for in the Tariff, shall be referred to

the Committee for rating. Provisional rate of Rs. 2.50 per mille shall be

charged in such cases for covering the risks under Standard Fire and

Special Perils Policy. No discounts and/or agency commission shall be

allowed on this rate.For add-on covers, additional rates provided in

section VIII shall be charged

g) Rates shown under this tariff are minimum rates.

rates higher than those given under the tariff.

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Insurers may charge