§101.40. Coverage not Permitted

Latest version.

Unless otherwise permitted, nothing in the foregoing shall be construed to permit Marine or Transportation Policies to Cover:

a)         Storage of Assured's merchandise, except as hereinbefore provided.

b)         Merchandise in course of manufacture, the property of and on the premises of the manufacturer.

c)         Furniture and fixtures and improvements and betterments to buildings.

d)         Monies and/or securities in safes, vaults, safety deposit vaults, bank or Assured's premises, except while in course of transportation.

(Source: Amended at 8 Ill. Reg. 12222, effective July 13, 1984)

                    
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