Fire and Consequential Loss Insurance - IC 57 Exam Study Notes

Implosion means bursting inward or collapse due to external pressure.
An Act of Terrorism means (for the purpose of this exclusion, an act or series of acts, including but not limited to the use of force, or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organisation(s) or governments or unlawful associations, recognised under unlawful activities ( prevention) Amendment Act 2008 or any other related and applicable national or state legislation formulated to combat unlawful and terrorist activities in the nation for the time being in force, committed for political, religious, ideological or similar purposes including the intention to influence any government and / or to put the public or any section of the public in fear for such purposes.
Military Authority' means armed forces, paramilitary forces, police or any other authority constituted by the Government for maintaining law and order.
Storm is defined as 'some severe, if not violent, atmospheric disturbance such as unusually heavy rain, hail, wind, snow storms, or some combination of these.
Flood is usually defined as 'escape from its normal confines, of a body of water, due to a rise in its level, or to the breakdown of the barriers restraining it.'

Important Points for IC 57 - Fire and Consequential Loss Insurance Exam