Vendor Insurance Requirements - Download as Excel

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					                                                                                                 Vendor Insurance Requirements
                                                                                                        (US$ unless otherwise specified)


Note: Click on the drop-down arrow in the "Country" Column Header to jump to a specific country.                                                                                                                                  9/29/05


                                                                                                            Personal Accident                                                               Auto Liability (BI = Third Party Bodily
          Country                    Workers Compensation (WC)              Employers Liability (EL)              (PA)        General Third Party Liability Professional Liability        Injury, PD + Third Party Property Damage)
Afghanistan                  As of May 05 the only insurer in              see WC                                             Currently not marketed, but  Currently not marketed        Compulsory coverage only applies in Kabul
                             Afghanistan is the essentially moribund                                                          minimum US$ 50,000           but minimum US$ 10,000        and is not enforced. The limit is AFN 40,000
                             Afghan National Insurance Company                                                                                                                           (US$ 934) for PD and BI.
                             (ANIC) which is state owned. USAID has
                             a program in place in an effort to privatize
                             the company, but in practice all coverage
                             must currently be placed offshore. ANIC
                             offers a WC policy insuring an employers
                             liability at law, coverage is generally based
                             on 12 months salary.


Albania                      State scheme under Social Security. No        to be added to GL policy         not required         250,000                     25,000                      Compulsory under Decree 295 of 1992. Limits
                             certification required                        with minimum limits of                                                                                        are BI 200,000 per person, $500,000 per
                                                                           $40,000 per person,                                                                                           accident; PD 50,000 per vehicle, $100,000 per
                                                                           $100,000 per accident                                                                                         accident
Algeria                      State Scheme - CNASAT no certification        not required                     Minimum Death        500,000                     50,000                      US$25,000 BI/PD
                             required                                                                       Benefit 3 x Annual
                                                                                                            Salary
Angola                       Effectively compulsory under Dispositivo      Minimum limit of US$             Minimum Death        1,000,000                   50000 (generally placed     Currently only compulsory for Public Service
                             Legislativo #2827. Further legislation is     500,000 or a PA policy           Benefit 3 x Annual                               offshore)                   Vehicles (taxi, bus etc.) with a minimum BI limit
                             expected to provide more clarity                                               Salary if EL not                                                             of US$100,000. Further legislation is expected
                                                                                                            purchased                                                                    to extend this to all vehicles. We require a
                                                                                                                                                                                         minimum of US$50,000 PD/BI combined


Antigua & Barbuda            Responsibilities to employees established to be added to the WC                not required         Minimum limit XCD 500,000   US$25,000. Coverage is      Compulsory under the Motor Vehicles
                             under the Antigua & Barbuda Workers       policy, minimum limits XCD                                                            generally placed offshore   Insurance (Third Party Risks) Ordinance of
                             Compensation Ordinance of 1957 (Cap       7,500,000                                                                             at Lloyds                   1950 as amended. Limits are XCD 10,000 per
                             475), Amendment 1 of 1994 to the                                                                                                                            person XCD 100,000 per event BI, PD is not
                             Workers Compensation Ordinance, the                                                                                                                         compulsory. We require a minimum of XCD
                             Antigua & Barbuda Factories Act of 12975                                                                                                                    250,000 BI/PD.
                             and Division D of the Labour Code of
                             1975 (in part). Medical Services are
                             provided by the Ministry of Health but
                             treatment abroad is limited to XCD 2000.
                             While only certain classes of employment
                             are required by law to carry WC
                             insurance, it is common for all companies
                             to have the coverage. Certification is
                             required




Argentina                    Statutory Limits for Riesgos de Trabajo       During 9/04 the Supreme          Minimum Death        500,000                     25,000                      \
                             came into force under Law 24557 of 1995       Court ruled that Art 39 of       Benefit 3 x Annual
                             and is underwritten by specialist insurers.   Law 24557 is                     Salary
                             Certification is required.                    unconstitutional. This ruling
                                                                           reinstates an employees
                                                                           right to sue employers .
                                                                           However insurers are
                                                                           currently unwilling to insure
                                                                           the exposure; until the
                                                                           situation is clarified we will
                                                                           require a PA policy




                                                                                                                  Page 1 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                 Personal Accident                                                                Auto Liability (BI = Third Party Bodily
            Country         Workers Compensation (WC)                Employers Liability (EL)            (PA)       General Third Party Liability Professional Liability        Injury, PD + Third Party Property Damage)
Armenia               There are some very limited benefits          not available                Minimum Death      100,000                      Minimum limit US$50000,       Compulsory insurance has been under
                      available under social security. A                                         Benefit 3 x Annual                              however the coverage is       consideration for some time for Bodily Injury
                      Personal Accident policy is required in lieu.                              Salary                                          not readily available and     only and with very low limits. We require a
                                                                                                                                                 insurers will likely need     minimum of US$25,000 PD/BI combined.
                                                                                                                                                 external reinsurance
                                                                                                                                                 support.


Australia             State Monopoly in NSW, VIC, QLD & SA.        not required                  not required          5,000,000                  1,000,000                    BI is unlimited by Statute. PD A$20,000,000
                      Private insurers elsewhere. Statutory                                                                                                                    (commonly offerred)
                      Benefits. Certification required where
                      insurance is private
Austria               State scheme under Social Security. No       not required                  Minimum Death         Euro 1,500,000             Euro 500,000 (certain        Compulsory under the Motor Liability Insurance
                      certification required                                                     Benefit 3 x Annual                               professions are required     Act of 1994 with limits of ATS 15,000,000 for
                                                                                                 Salary                                           to have higher limits by     PD/BI. Limits to increase to Euro 3,000,000 in
                                                                                                                                                  Law).                        2005 and Euro 5,000,000 in 2007. We require
                                                                                                                                                                               the Euro 3m. Limit


Azerbaijan            Not compulsory, no Social Security           May become obligatory at      Minimum Death         100,000                    50,000                       Compulsory since 1995 but limits are AZM
                      system, responsibility of employers          some point. Minimum limits    Benefit 3 x Annual                                                            5,000,000 BI and AZM 3,.000,000 PD (US$
                      established under the Civil Code and         US$ 15,000 per accident,      Salary                                                                        1,000, US$ 600). We require US$ 25,000
                      Labour code. PA is required                  US$ 1,500,000 aggregate.                                                                                    PD/BI combined.


Bahamas               The Workers Compensation Act of 1943         minimum limit US$             Minimum Death         1,000,000                  US$ 1,000,000 This is        The Road Traffic acts, 1955 - 1988 were
                      was repealed in 1974 by the Bahamas          1,000,000                     Benefit 3 x Annual                               generally placed offshore.   amended by the Road Traffic (Amendment)
                      National Insurance Scheme, The National                                    Salary                                                                        Act of 2004 which removed unlimited liability
                      Insurance Act and Regulations are                                                                                                                        for BI and relaced this with limits of US$
                      incorporated under Chapter 320 of the                                                                                                                    2,500,000 per person and US$ 30,000,000 per
                      statute Laws of The Bahamas (1987), No                                                                                                                   accident. PD is optional, we require a minimum
                      certification required.                                                                                                                                  of US$ 150,000


Bahrein               State scheme run by The General              minimum limit US$             not required          BHD 1,000,000              BHD 500,000                  The Road Traffic act of 1954 introduced
                      Organisation for Social Insurance (GOSI)     1,000,000                                                                                                   unlimited liability for BI and was extended by
                      is regulated by Decree Law 24 of 1976.                                                                                                                   Decree 3 of 1987 to include unlimited PD.
                      No certification required.                                                                                                                               Decree 7 of 1996 reduced the PD limit to BHD
                                                                                                                                                                               500,000
Bangladesh            Workmens Compensation Act of 1982            not required (although         Minimum Death        100,000                    10,000                       Road Traffic Act of 1960, amended 1964 and
                      only covers workers who earn up to BDT       liability does exist under the Benefit 3 x Annual                                                           1984 requires unlimited BI/PD cover. (NB
                      3,000 per month. Certification required if   Factories Act)                 Salary                                                                       despite this legal requirement many vehicles
                      Vendor has employees in this category.                                                                                                                   are uninsured so certification is necessary
                      PA is mandatory.


Barbados              State scheme no certification required       minimim BD$5,000,000          not required          500,000                    100,000                      Statutory BI is unlimited (but projected
                                                                                                                                                                               legislation may reduce this to BD$30m.)
                                                                                                                                                                               Statutory PD is BD$50,000
Belarus               A mandatory scheme for work injuries and not required                      Minimum Death         100,000                    25,000                       Euro 50,000 BI/PD combined. (Statutory Limits
                      occupational diseases was introduced                                       Benefit 3 x Annual                                                            are low, currently Euro 5,000 each for PD and
                      under a Presidential Decree in 2003. It is                                 Salary Coverage is                                                            BI but if there are multiple deaths/injuries the
                      financed by employers contributions and                                    compulsory for                                                                limit is 3 x this amount).
                      the monopoly insurer is Belgosstrakh.                                      certain State
                      Certification required                                                     employees.


Belgium               Occupational diseases are covered by a       not required                  not required          2,500,000                  500,000                      Statutory BI/PD is unlimited
                      state scheme. Workers Compensation is
                      obligatory under Law of 4/10/71, Law of
                      4/29/96 and Royal decree of 12/28/71 (for
                      seafarers, certification required).




                                                                                                       Page 2 of 21                                                                   8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                 Personal Accident                                                                       Auto Liability (BI = Third Party Bodily
           Country         Workers Compensation (WC)               Employers Liability (EL)              (PA)           General Third Party Liability      Professional Liability      Injury, PD + Third Party Property Damage)
Belize               Covered by the state under the Social        Minimum limits BZD             Required if staff will BZD 500,000                     Not readily available and     Motor Vehicle Insurance (Third Party Risks)
                     Security Act (Chapter 44 of the laws of      500,000                        work outside Belize                                    insurers will need external   Act is Chapter 21 of the laws of Belize.
                     Belize). There are some minor exceptions,                                   with minimum Death                                     reinsurance. Minimum          Statutory requirements are BZD 50,000 per
                     including work outside Belize. Certification                                Benefit 3 x Annual                                     limit BZD 200,000             person and BZD 100,000 per accident for BI
                     not required.                                                               Salary                                                                               and BZD 20,000 PD. We require a minimum of
                                                                                                                                                                                      BZD 200,000 per person and BZD 800,000 per
                                                                                                                                                                                      accident BI and BZD 200,000 PD.


Benin                State scheme under the Caisse Nationale        GL policy to be extended to Minimum Death           100,000                         GL policy to be extended      Compulsory under the CIMA code. Liability for
                     de Securite Sociale (previously Office         include "Responsabilite       Benefit 3 x Annual                                    to include "Responsabilite    BI is theoretically unlimited but Arts 258 - 266
                     Beninoise de Securite Sociale). No             Civile du Chef d'Entreprise". Salary                                                Civile du Chef                of the Code include a table of compensation
                     certification required                                                                                                             d'Entreprise".                rates.


Bermuda              The Workers Compensation Amendment             to be added to GL policy     not required           1,000,000                       1,000,000                     The Road Traffic Act, 1943 made BI coverage
                     Act of 2004 expanded the scope to                                                                                                                                compulsory with limits of US$ 125,000 per
                     benefits to include all employees.                                                                                                                               person, US$ 500,000 per accident. We require
                     Coverage is only compulsory however for                                                                                                                          limits of US$ 5,000,000 BI and US$ 500,000
                     6, essentially manual, occuoations.                                                                                                                              PD.
                     Certification required.


Bhutan               There is only one insurer, the Royal                                                               100,000                         25,000
                     Insurance Corporation of Bhutan (39%
                     government owned). Social security type
                     benefits are likely provided by the National
                     Pension and Provident Fund


Bolivia              Statutory under Article 10 of pensions law     not required                 not required           100,000                         25,000                        Statutory since 1/1/2001 as Seguro Obligatorio
                     of 1996. Handled by the Life Insurance                                                                                                                           de Accidentes de Transito (SOAT). Limits are
                     companies. Certification required                                                                                                                                low, we require excess limits to a minimum
                                                                                                                                                                                      ofof US$20,000 BI/PD


Bosnia               State scheme via Social Security. No           not required                 Minimum Death          750,000                         Compulsory for certain        Compulsory limits are KM 275,000 BI and KM
                     certification required.                                                     Benefit 3 x Annual                                     professions. We require       165,000 PD. These were due to be increased
                                                                                                 Salary                                                 US$ 100,000 unless            to Euro 250,000 BI and Euro 170,000 PD by
                                                                                                                                                        statutory limits higher.      2005 but this has not been enacted (4/05). We
                                                                                                                                                                                      require the Euro limits. BI is supposed to
                                                                                                                                                                                      increase to Euro 500,000 in 2006.


Botswana             Compulsory under Workers                       to be added to WC            Minimum Death          BWP 1,000,000                   BWP 1,000,000                 BI is handled by the parastatal Botswana Motor
                     Compensation act #23 of 1998 (plus             insurance (known as          Benefit 4 x Annual                                                                   Vehicle Accident Fund (BMVAF) which was
                     several regulations). Benefits are low.        Common Law cover), with a    Salary (in line with                                                                 established under the Motor Vehicle Accident
                     Certification is required                      minimum limit of BWP         WC requirements).                                                                    Fund Act of 1998. It is funded by a levy on fuel.
                                                                    500,000                                                                                                           We require PD coverage - standard limits are
                                                                                                                                                                                      BWP 2,000,000 which includes excess BI.


Brazil               Government Monopoly under INPS, no             to be added to GL policy     not required           750,000                         50,000                        Statutory DPVAT + $25,000 PD, $100,000 BI
                     certification required
Brunei               Required by the Workers Compensation           BRD 5,000,000                not required           BRD 500,000                     US$ 100,000 (usually          Compulsory under Motor Vehicles (Third Party
                     Act of 1957. Certification required.                                                                                               placed offshore).             Risks) Act of 1950 as revised in 1984 with
                                                                                                                                                                                      unlimited BI. PD is voluntary and we require
                                                                                                                                                                                      the commonly issued amount of BRD
                                                                                                                                                                                      3,000,000




                                                                                                        Page 3 of 21                                                                         8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                        Personal Accident                                                              Auto Liability (BI = Third Party Bodily
           Country                Workers Compensation (WC)                Employers Liability (EL)             (PA)      General Third Party Liability Professional Liability      Injury, PD + Third Party Property Damage)
Bulgaria                   Covered by the National Social Security       to be added to GL policy       not required      BGN 500,000                  BGN 500,000 unless          Statutory limits are amended annually with a
                           Institute. No certification required.                                                                                       statutory limits higher.    view to reaching EU standards by 2007.
                                                                                                                                                                                   Effective 1/1/05 limits were BGN 140,000 for
                                                                                                                                                                                   Material Losses and BGN 400,000 per person,
                                                                                                                                                                                   BGN 480,000 per accident for Non Material
                                                                                                                                                                                   Losses (Material losses include Medical
                                                                                                                                                                                   Expenses which would normally be paid under
                                                                                                                                                                                   BI). We require twice local statutory limits
                                                                                                                                                                                   capped at EU 4th Directive level (Euro
                                                                                                                                                                                   1,000,000 BI, Euro 500,000 PD), until 5th
                                                                                                                                                                                   Directive limits are implemented.




Burkina Faso               State provided via Caisse Nationale de       not required                    Minimum Death        Minimum limit CFA          Minimum limit CFA          Compulsory under the CIMA code. Liability for
                           Securite Sociale. No certification required.                                 Benefit 3 x Annual   250,000,000                75,000,000                 BI is theoretically unlimited but Arts 258 - 266
                                                                                                        Salary                                                                     of the Code include a table of compensation
                                                                                                                                                                                   rates.
Burundi                    No information currently available                                                                100,000                    50,000
Cabo Verde                 The Caixa Economica de Cabo Verde (an                                                             100,000                    50,000
                           insurance company), has been sold to
                           Portuguese interests. There is one other
                           insurance company, Garantia - companhia
                           de seguros de cabo verde sarl. Social
                           Security benefits provided by the Instituto
                           Nacional de Previdencia Social.


Cambodia                   The Labor Law establishes employers         not available                    Minimum Death        250,000                    Minimum limit US$50000.    Insurance Law of 200 as amended by
                           responsibilities and, under Art 256                                          Benefit 3 x Annual                              This will likely need to   Executive Orders (Prakas) in 2002 requires
                           provides for obligatory insurance via a                                      Salary                                          placed offshore, eg in     cars to have a minimum of US $5,000 per
                           Social Security sytem which has not yet                                                                                      Thailand                   person, US$ 25,000 per accident for BI and
                           been set up. Limited insurance is available                                                                                                             US$ 10,000 PD. We require a minimum of
                           and we require "Plan A" which has a                                                                                                                     US$ 10,000 per person, US$ 100,000 per
                           US$10,000 limit                                                                                                                                         accident for BI.




Cameroon                   State Scheme via Caisse Nationale de          GL policy to be extended to not required            CFA 500,000,000            CFA 100,000,000            Compulsory under the CIMA code. Liability for
                           Prevoyance Sociale. No certification          include "Responsabilite                                                                                   BI is theoretically unlimited but Arts 258 - 266
                           required                                      Civile du Chef d'Entreprise".                                                                             of the Code include a table of compensation
                                                                                                                                                                                   rates.
Canada                     Government Monopoly. No certification         to be added to GL policy       not required         C$5,000,000                C$1,000,000                Minimum C$500,000 PD/BI combined unless
                           required                                                                                                                                                Provincial Statutory limits higher
Cayman Islands             The Workers Compensation Law of 1964,         Combined WC/EL policies        not required         KYD 1,000,000              KYD 500,000                Compulsory under the Motor Vehicle Insurance
                           amended in 1996 only requires mandatory       typically have limits of KYD                                                                              (Third Party Risks) Act of 1990 as amended in
                           insurance for employees earning less than     1,000,000                                                                                                 1997 and 2003. Current limits are US$
                           KYD 1,500 per month. The Employment                                                                                                                     1,250,000 per person, US$ 6,250,000 per
                           Law, 2004, when enacted, is to embrace                                                                                                                  accident for BI and US$ 312,500 for PD
                           all employees. Certification will be
                           required once the Employment Law is
                           enacted.


Central African Republic   No information currently available                                                                100,000                    50,000


Chad                       No information currently available                                                                100,000                    50,000
Chile                      Statutory Limits under Law 16,744 of 1998 Minimum limits of UF5000           Minimum Death        500,000                    100,000                    Statutory SOAP + plus Excess to UF5000
                                                                     within Third Party Liability       Benefit 3 x Annual                                                         BI/PD
                                                                     policy                             Salary




                                                                                                              Page 4 of 21                                                                8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                        Personal Accident                                                                Auto Liability (BI = Third Party Bodily
         Country                  Workers Compensation (WC)               Employers Liability (EL)              (PA)       General Third Party Liability Professional Liability        Injury, PD + Third Party Property Damage)
China (separate entry for   Not required - Law is very ambiguous        to be added to GL policy        Minimum Death      1,000,000                    25,000                        US$25,000 BI/PD unless local city ordinance
Hong Kong)                                                                                              Benefit 3 x Annual                                                            requires a higher limit
                                                                                                        Salary

Colombia                    WC was privatized by Law 100 of 1993                              50,000 Minimum Death           500,000                    100,000                       The obligatory SOAT coverage has very low
                            and is known as Riesgos Professionales                                   Benefit 3 x Annual                                                               limits. We require excess limits to a minimum
                            under Decree Law 1295 of 1994.                                           Salary                                                                           of PD/BI US$25,000
                            Business is written by specialized groups
                            known as ARP's (Administradoras de
                            Riesgos Professionales) - not all being
                            traditional insurance companies.
                            Certification is required




Comoros                     No information currently available                                                               100,000                    50,000
Congo, Dem. Rep. Of         State scheme under the Instituto            not required                    Minimum Death        100,000                    difficult to obtain,          Compulsory under Law 73/013 of 1973.
                            Nationale de Securite Sociale. No                                           Benefit 3 x Annual                              minimum limits US$            Liability is theoretically unlimited but we require
                            certification required                                                      Salary                                          25,000                        at least US$ 50,000 PD/BI combined

Congo, Rep. Of              State scheme under the Caisse Nationale not required                        Minimum Death        CFA 200,000,000            Obligatory for many           Compulsory under the CIMA code. Liability for
                            de Securite Sociale. This entity has                                        Benefit 3 x Annual                              professions under CIMA.       BI is theoretically unlimited but Arts 258 - 266
                            financial problems so PA is a requirement.                                  Salary                                          Minimum limits CFA            of the Code include a table of compensation
                                                                                                                                                        25,000,000                    rates.
Costa Rica                  Compulsory under Codigo de Trabajo.         not required                    not required         100,000                    US$25,000. However the        The Ley de Transito por Vias Publicas
                            Certification required                                                                                                      State monopolistic insurer    Terrestres # 7331 of 1993 requires compulsory
                                                                                                                                                        (INS) is often reluctant to   BI but death benefits are very low. Our
                                                                                                                                                        give coverage, in which       minimum limits are BI: CRC40,000,000 PD:
                                                                                                                                                        case consult the              CRC20,000,000
                                                                                                                                                        Insurance Unit with full
                                                                                                                                                        details


Cote d'Ivoire               State Scheme via Caisse Nationale de        GL policy to be extended to                          CFA 500,000,000            CFA 100,000,000               Compulsory under the CIMA code. Liability for
                            Prevoyance Sociale. No certification        include "Responsabilite                                                                                       BI is theoretically unlimited but Arts 258 - 266
                            required                                    Civile du Chef d'Entreprise".                                                                                 of the Code include a table of compensation
                                                                                                                                                                                      rates.
Croatia                     State monopoly (HZZO) no vertification      to be added to GL policy        not required         250,000                    100,000                       Statutory BI/PD limits adequate
                            required                                    (employees can claim
                                                                        under the Obligations Act).
                                                                        Minimum limit US$50,000


Cuba                        State scheme, no certification required                          500,000 not required            1,000,000                  Typically US$ 1000000         No mandatory coverage. US$ 25,000 BI, US$
                                                                                                                                                                                      15,000 PD is common practice
Cyprus                      not required                                Compulsory under the            not required         CYP 500,000                CYP 200,000                   Compulsory under the Motor Vehicles (Third
                                                                        Employers Liability Law of                                                                                    Party Liability Insurance) Law of 2000 with
                                                                        1997 wihich requires                                                                                          minimum limits of CYP 2,000,000 BI and CYP
                                                                        minimum limits of CYP                                                                                         60,000 PD. EU 4th Directive limits to be
                                                                        50,000 per person, CYP                                                                                        implemented.
                                                                        2,000,000 per event/series
                                                                        of events and CYP
                                                                        3,000,000 aggregate. We
                                                                        require the per person limit
                                                                        to be increased to CYP
                                                                        100,000.




                                                                                                              Page 5 of 21                                                                   8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                Personal Accident                                                             Auto Liability (BI = Third Party Bodily
        Country             Workers Compensation (WC)              Employers Liability (EL)             (PA)      General Third Party Liability Professional Liability     Injury, PD + Third Party Property Damage)
Czech Republic       The state Social Security scheme            Currently only written         not required      CZK 15,000,000               Obligatory for most        Motor Third Party Liability Insurance Act
                     provides very low limits. These are         (fronted) by two insurers for                                                 professions. Minimum       Amendment wffective 5/1/04 implemented EU
                     "topped up" by purchasing EL cover. No      the Ministry of Finance. It is                                                limits CZK 10,000,000      4th Directive increasing statutory limits to CZK
                     certification required.                     uncertain whether the class                                                                              35,000,000 per person BI and CZK 18,000,000
                                                                 will be privatized or rolled                                                                             PD. The EU 5th Directive is to be implemented.
                                                                 into Social Security.
                                                                 Certification is required.



Denmark              Compulsory (certification required)         not required                not required         1,000,000                   500,000                     Compulsory EU 4th Directive requires DKK
                     minimum limit DKK 8,500,000                                                                                                                          87,000,000 BI and DKK 17,000,000. These
                                                                                                                                                                          limits will increase when the 5th Directive is
                                                                                                                                                                          enacted.
Djibouti             No information currently available                                                           100,000                     50,000
Dominica             Social Security benefits under the Social Minimum limits XCD            not required         Minimum limit XCD 500,000   US$25,000. Coverage is      Compulsory under the Motor Vehicles
                     Security Act of 1975, the Employee Safety 1,000,000                                                                      generally placed offshore   Insurance (Third Party Risks) Act # 19 of 1988
                     Act of 1982, the Environmental Health                                                                                    at Lloyds                   with limits of XCD 200,000 per person,
                     Services Act of 1997 and the Noise                                                                                                                   XCD1,000,000 per event BI, XCD 100,000 per
                     Abatement Act of 1993. No certification                                                                                                              claim XCD 500,000 per event PD
                     required.
Dominican Republic   The Accidentes de Trabajo Law #385 as       to be added to GL policy    Minimum Death        150,000                     50,000                      Statutory limits initially created by Law 4117 of
                     modified by Law 907 of 1978 have been                                   Benefit 3 x Annual                                                           1955 and amended by Dcree 1339 of 1995
                     consolidated into the Socoal Security Law                               Salary                                                                       were superceded by Insurance Law #146 and
                     ##87 of 2001 which nationalised the                                                                                                                  Resolution 010 in 2002 but limits remain
                     business. State scheme, no certification                                                                                                             inadequate at DOP 100,000 PD, DOP 100,000
                     required                                                                                                                                             per person, DOP 200,000 per event BI. We
                                                                                                                                                                          require minimum limits of US$25,000 PD/BI
                                                                                                                                                                          combined.


                                                                                                                  50,000                      5,000
Ecuador              State scheme - IESS no certification        not required                Minimum Death        250,000                     50,000                      US$25,000 PD/BI
                     required                                                                Benefit 3 x Annual
                                                                                             Salary
Egypt                State scheme - Law 79/125 no                Minimum limit US$50,000     Minimum Death        250,000                     50,000                      Statutory BI is unlimited. PD minimum
                     certification required                                                  Benefit 3 x Annual                                                           US$20,000
                                                                                             Salary
El Salvador          State scheme under the Instituto            not required                Minimum Death        250,000                     Limited availability,       Compulsory under Decree 487 published in the
                     Salvadoreno de Seguro Social. No                                        Benefit 3 x Annual                               minimum limit US$50,000     Official Gazette # 212 on 11/16/95 and
                     certification required                                                  Salary                                                                       Regulated by Reglamento de Transito Arts. 63
                                                                                                                                                                          - 71 published in 1996 but the Law has yet to
                                                                                                                                                                          be enacted. We require minimum limits of US$
                                                                                                                                                                          25,000 PD/BI combined.


Equatorial Guinea    No information currently available                                                           100,000                     50,000
Eritrea              No information currently available                                                           100,000                     50,000
Estonia              Was due to become obligatory in 2003 but to be added to GL policy       Minimum Death        Euro 500,000                Euro 50,000 unless          Motor Third Party Liability Insurance Act of
                     this has been postponed. Until this occurs with minimum limits of EEK   Benefit 3 x Annual                               statutory requirements      2001 made coverage compulsory. The limits of
                     we require PA cover.                       5,000,000                    Salary                                           higher                      EEK 5,500,000 BI and EEK 1,600,000 PD
                                                                                                                                                                          meet EU 4th Directive requirements. The 5th
                                                                                                                                                                          Directive is being implemented which will raise
                                                                                                                                                                          limits to Euro 1,000,000 BI and Euro 500,000
                                                                                                                                                                          PD




                                                                                                   Page 6 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                   Personal Accident                                                               Auto Liability (BI = Third Party Bodily
            Country          Workers Compensation (WC)                 Employers Liability (EL)            (PA)       General Third Party Liability Professional Liability       Injury, PD + Third Party Property Damage)
Ethiopia              Not obligatory but under Labour                 not required                 Minimum Death      250,000                      25,000                       Legislation has been under discussion for
                      Proclamation # 377/2003 employers are                                        Benefit 3 x Annual                                                           many years but coverage remains voluntary.
                      liable for injury (Art 96), medical (Art 105)                                Salary                                                                       We require limits of US$ 5,000 per person,
                      and diability/survivors pension (Art 107).                                                                                                                25,000 per accident BI and US$ 15,000 PD
                      Certification is required. Alternatively, we
                      will accept a PA policy



Fiji                  The Workers Compensation Act of 1965            Responsibility established not required           FJD 500,000                 FJD 100,000 (often          Compulsory under Ordinance 19 of 1948 and
                      established benefits but did not make           under the Health & Safety                                                     placed offshore).           Ordinance 27 of 1954, BI is unlimited. PD is
                      insurance compulsory. Benefits have not         at Work Act of 1966.                                                                                      not compulsory but we require a minimum of
                      been updated since 1992. Certification          Policies are issued in                                                                                    FJD 100,000
                      required                                        combination with WC.
                                                                      Minimum limits FJD 250,000


Finland               Compulsory under the Occupational               not required                 Not required but     Euro 2,000,000              Euro 100,000                Compulsory under Motor Vehicle Insurance
                      Accidents Insurance Act, 1948, as                                            often added to the                                                           Act, 1960. BI is unlimited, PD is Euro
                      amended in 1981. Certification required.                                     WC policy to                                                                 3,300,000. EU 5th Directive to be implemented.
                                                                                                   provide 24 hour
                                                                                                   coverage.
France                State scheme (CNPS). No certification           to be added to GL policy     not required         Euro 2,000,000              Euro 500,000                Statutory Limits (BI unlimited, PD Euro
                      required                                                                                                                                                  450,000)
Gabon                 Limited benefits available under Social         not required                 Minimum Death        CFA 100,000,000             CFA 25,000,000              Compulsory under the CIMA code. Liability for
                      Security. No certification required.                                         Benefit 3 x Annual                                                           BI is theoretically unlimited but Arts 258 - 266
                                                                                                   Salary                                                                       of the Code include a table of compensation
                                                                                                                                                                                rates.
Georgia               Very limited Social Security Benefits. No       not required                 Minimum Death        250,000                     50,000                      Introduced as compulsory BI only in 1997 with
                      certification required.                                                      Benefit 3 x Annual                                                           amendments in 2001. The limits are extremely
                                                                                                   Salary                                                                       low. We require a minimum of US$ 50,000
                                                                                                                                                                                PD/BI combined
Germany               Statutory "Berufsgennosenschaften" no           to be added to GL policy     Minimum Death        2,500,000                   1,000,000                   PD/BI US$10,000,000 (Euro 50,000,000 per
                      certification required                                                       Benefit 3 x Annual                                                           event)
                                                                                                   Salary
Ghana                 Statutory limits under Workers                  to be added to WC policy     Minimum Death        250,000                     100,000                     Statutory limits under Motor Vehicle (Third
                      Compensation Act of 1987 amended in                                          Benefit 3 x Annual                                                           Party Injuries) Act of 1958 as amended in
                      1994. Certification required                                                 Salary                                                                       2002: BI unlimited, PD GHC10m. We require
                                                                                                                                                                                minimum PD limit of US$10,000
Gibraltar             Covered by the Employment Injuries              to be added to GL policy     not required         GBP 2,000,000               GBP 1,000,000               Compulsory under the Insurance (Motor
                      Insurance Scheme of 1952. No                                                                                                                              Vehicles)(Third Party Risks) Ordinance of
                      certification needed                                                                                                                                      1996. Currently EU 4th Directive limits apply

Greece                Covered by Social Security (IKA). No            Minimum limit Euro 50,000    not required         Euro 500,000                Euro 300,000                Compulsory EU 4th Directive applies
                      certification required                          per accident, Euro 100,000
                                                                      aggregate
Grenada               Social Security benefits under the National Minimum limits XCD               not required         Minimum limit XCD 500,000   US$25,000. Coverage is      Compulsory under the Motor Vehicles
                      Insurance Act of 1983, the Factories Act    1,000,000                                                                         generally placed offshore   Insurance (Third Party Risks) Act #19 of 1939
                      of 1958, the Grenada Employment Act of                                                                                        at Lloyds                   and amendments with limits of XCD 100,000
                      1999 and the Labour Code of 2000. No                                                                                                                      per person, XCD 500,000 per event BI, XCD
                      certification required                                                                                                                                    100,000 per claim, XCD 200,000 per event PD


Guadeloupe            no other information currently available                                                          500,000                     100,000

Guam                  Compulsory under Guam Workers                   to be added to GL policy     not required         1,000,000                   500,000                     Mandatory limits are US$ 20,000 PD, US$
                      Compensation Law - Title 22 Guam Code                                                                                                                     25,000 per person US$ 50,000 per accident.
                      Annotated. Certification required                                                                                                                         We require US$ 50,000 PD, US$ 100,000 per
                                                                                                                                                                                person US$ 200,000 per accident BI.




                                                                                                         Page 7 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                            Personal Accident                                                                 Auto Liability (BI = Third Party Bodily
         Country         Workers Compensation (WC)               Employers Liability (EL)           (PA)      General Third Party Liability Professional Liability          Injury, PD + Third Party Property Damage)
Guatemala          Covered under Decree Law 295 of 1946        to be added to GL policy     not required      GTQ 1,000,000                GTQ 250,000                     Currently only compulsory for Inter City buses.
                   by the Instituto Guatemalteco de                                                                                                                        We require GTQ 200,000 PD/BI combined
                   Seguridad Social. No certification required

Guinea             No information currently available                                                             100,000                  50,000
Guinea Bissau      No information currently available                                                             100,000                  50,000
Guyana             State scheme under National Insurance      minimum limits of         Minimum Death             100,000                  25,000                          Motor Vehicles Insurances (Third Party Risks)
                   and Social Security Act no15 of 1969. No   US#100,000 to be added to Benefit 3 x Annual                                                                 Act of 1937, modified in 1986 has inadequate
                   certification required                     GL policy                 Salary                                                                             statutory limits. Minimum US$10,000 for BI and
                                                                                                                                                                           PD required
Haiti              The Social Security Decree Law of 1949     not required                  Minimum Death         100,000                  US$ 50,000 This would      The Motor Third Party Decree of 1964,
                   established benefits which are                                           Benefit 3 x Annual                             need to be placed offshore amended in 1987 requires compulsory
                   administered by the state owned Office                                   Salary                                                                    coverage of HGO 12,500 for BI and HGO
                   d'Assurances Accidents du Travail                                                                                                                  7,500 PD to be placed via the state owned
                   (OFATAMA) operated under L'Institute                                                                                                               Office d'Assurance Contre Tiers. We require
                   d'Assurances Sociale d'Haiti. No                                                                                                                   voluntary cover of US$ 20,000 PD/BI
                   certification required                                                                                                                             combined in addition.
Honduras           State Scheme under 1959 Labor Law.         to be added to GL policy      Minimum Death         50,000                   10,000                          Not compulsory. We require minimum limits of
                   Limits are nominal, No certification                                     Benefit 3 x Annual                                                             BI US$ 10,000, PD US$ 5,000
                   required                                                                 Salary
Hong Kong          Statutory limits                           to be included in WC policy   not required          1,000,000                750,000                         BI compulsory (HK$100m.) PD US$100,000

Hungary            State scheme. No certification required    Minimum limits HUF            not required          HUF 250,000,000          Compulsory for over 30    Statutory minimum limits HUF 300,000,000 BI
                                                              25,000,000 per event, HUF                                                    professions. Minimum      (per person), HUF 500,000,000 PD. EU Fifth
                                                              100,000,000 annual                                                           limits HUF 20,000,000 per Directive to be applicable in due course.
                                                              aggregate                                                                    event, HUF 100,000,000
                                                                                                                                           annual aggregate


Iceland            State scheme under the Social Security     included in GL policy (I.e. is Minimum Death        ISK 150,000,000          ISK 10,000,000 unless           Compulsory. Current EU $th Directive limits
                   Act 117/1993. No certification required.   not excluded).                 Benefit 3 x Annual                            statutory limits higher         are ISK 228,000,000 BI and ISK 101,000,000
                                                                                             Salary                                                                        PD. 5th Directive being implemented

India              Statutory limits apply under the Workers   Either included in WC or      Minimum Death         250,000                  50,000                          PD US$20,000 (Statutory BI is unlimited)
                   Compensation Act of 1923 as amended        added to General Liability    Benefit 3 x Annual
                   by the Act of 1995. Purchase is not                                      Salary if WC not
                   compulsory. Includes EL. If WC not                                       purchased
                   purchased, PA becomes a requirement
                   and EL must be added to Third Party
                   Liability



Indonesia          Law 33 of 1977 as amended by Law 3 of      Minimum limit US$100.000      Minimun Death         250,000                  US$25,000. (Construction        Law 34/1964 on the Fund for Road Traffic
                   1992 and expanded in 1993 created                                        Benefit 3 x Annual                             Services Law 18/1999            Accidents provide for compulsory insurance via
                   JAMSOSTEK, which is compulsoty for                                       Salary.                                        requires architects, civil,     State owned Jas Raharja, but this is basically
                   firms with over 10 employees. Foreign                                                                                   mechanical, electrical etc.     limited to modest medical expenses (limit IDR
                   workers are now included via Decree                                                                                     entities to guarantee their     10,000,000). We require a minimum of
                   #KEP-67/MEN/IV/2004.                                                                                                    work for 10 years. It is not    US$15,000 for PD, BI and Passenger Liability
                                                                                                                                           clear that this liability can
                                                                                                                                           be insured - as, eg, it
                                                                                                                                           must be in France etc.)




                                                                                                  Page 8 of 21                                                                    8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                         Personal Accident                                                               Auto Liability (BI = Third Party Bodily
          Country                      Workers Compensation (WC)             Employers Liability (EL)            (PA)      General Third Party Liability Professional Liability        Injury, PD + Third Party Property Damage)
Iran                            State scheme under Social Security. No      Not a traditional coverage   not required      250,000                      25,000                        Compulsory with limits for BI linked to Diyeh
                                certification required                      but now available.                                                                                        (see Employers Liability), PD is IRR2m. We
                                                                            Coverage limked to Diyeh                                                                                  require a minimum of IRR 50,000,000 for PD
                                                                            (blood money) limits which                                                                                and IRR 200,000,000 for BI
                                                                            are changed every six
                                                                            months by the Ministry of
                                                                            Justice. We require the
                                                                            coverage


Iraq: Requirements are          There is no legislation as such but         not required                 Minimum Death          250,000                 Coverage is virtually         Compulsory under the Road Traffic Act with
those                           employees are covered for loss of wages                                  Benefit 3 x Annual                             unknown in Iraq and even      unlimited liability for BI. "Premiums" are paid
technically/theoretically       under Social Security. Expatriates are                                   Salary. (Note: it is                           Doctors/Hospitals do not      via a levy on gasoline so theoretically all
available. The current actual   covered but the limits are very low so they                              unclear whether the                            purchase. This situation is   vehicles are insured. These premiums are
situation is unclear            should have coverage appropriate for their                               local insurers have                            likely to change and we       handed over to the National Insurance
                                country of origin                                                        the reinsurance                                should endeavor to get a      Company which administers claims. PD limits
                                                                                                         capacity to insure                             minimum of US$25,000 in       are unknown but we should endeavor to get a
                                                                                                         foreign workers                                limits                        minimum of $25,000



Ireland                         State scheme. No certification required     to be added to GL policy.    not required           2,000,000               1,000,000                     BI is unlimited under Road Traffic Act.
                                                                            The Personal Injuries                                                                                     Minimum PD is Euro350,000 under the EU
                                                                            Assessment Board (PIAB)                                                                                   Fourth Directive
                                                                            Act of 2003 handles
                                                                            quantum for claims


Israel                          State Fund, no certification required.       minimum limit               not required           1,000,000               150,000                       Compulsory under the Compensation for
                                Administered by National Insurance           US$5,000,000                                                                                             Traffic Accident Casualties Law 5735/1975 and
                                Institute of Israel under National Insurance                                                                                                          Motor Vehicle Insurance Law 5730/1970. BI is
                                Law, 1995                                                                                                                                             unlimited by Statute. Minimum PD limit of
                                                                                                                                                                                      NIS350,000 required.
Italy                           Compulsory under Istituto Nazionale per     Minimum limit                not required           Euro 3,000,000          Euro 1,000,000                Compulsory under Law 990 of 12/24/69 and
                                L'assicurazione contra gli Infortuni sul    Euro3,000,000. May be                                                                                     following. EU Fifth Directive requires Euro
                                Lavoro (INAIL) No certification required    added to GL policy                                                                                        1,000,000 BI and Euro 500,000 PD

Jamaica                         State scheme, no certification required     minimum J$10,000,000         not required           250,000                 100,000                       Statutory limits not sufficient. Minimum limit
                                                                                                                                                                                      PDJ$1,500,000 per accident BI J$2,000,000
                                                                                                                                                                                      per person, J$5,000,000 per accident

Japan                           The Workers Compensation Insurance          minimum limits Yen           Minimum Death       2,500,000                  There are special             The Automobile Liability Security Law (CALI)
                                Act of 1947 provides Social Security type   30,000,000                   Benefit 3 x Annual                             wordings for 23               was introduced in 1955 for BI only. Limits were
                                benefits. Excess benefits are available                                  Salary (NB the                                 professions with coverage     last increased in 2002. We require CALI plus
                                from the private insurance market but                                    Japanese market                                usually arranged by a         excess limits to US$ 500,000 BI and US$
                                larger employers tend to self insure the                                 has a broad                                    Professional Association.     100,000 PD
                                exposure. No certification required                                      definition of PA,                              We require a minimum of
                                                                                                         including, in some                             Yen 100,000,000
                                                                                                         cases, nursing care
                                                                                                         and "maturity
                                                                                                         refund" which is a
                                                                                                         savings vehicle. We
                                                                                                         only require
                                                                                                         traditional PA
                                                                                                         coverage).




                                                                                                               Page 9 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                               Personal Accident                                                                Auto Liability (BI = Third Party Bodily
           Country         Workers Compensation (WC)               Employers Liability (EL)            (PA)       General Third Party Liability Professional Liability        Injury, PD + Third Party Property Damage)
Jordan               A state scheme under the Social Security     not required                 Minimum Death      JD 100,000                   JD 25,000                     1984 Law amended by Third Party Liability
                     Law #19, 2001. Administered by the                                        Benefit 3 x Annual                                                            Compulsory Motor Insurance Regulation #32,
                     Social Security Fund. No certification                                    Salary                                                                        2001 establishes BI limits of JD 10,000 (for
                     required                                                                                                                                                death) and PD limits of JD 75,000. We require
                                                                                                                                                                             a BI limit of JD 25,000


Kazakhstan           Required but not yet obligatory under Art.   not required                 Minimum Death          50,000                   10,000                        Compulsory under Law 139 of 1996 but limits
                     20 of the Law on Safety at Work.                                          Benefit of 10 x                                                               are inadequate. We require a minimum of
                     Coverage is provided via a Personal                                       Annual Salary as                                                              US$20,000 PD/BI
                     Accident policy                                                           required by Art. 30
                                                                                               of the Law on
                                                                                               Safety at Work
Kenya                WC Act 72 of 1948 limits plus PA             US$100,000 per occurrence Minimum Death             US$250,000               US$100,000                    PD US$50,000 (Statutory BI is unlimited)
                                                                                            Benefit 3 x Annual
                                                                                            Salary
Kiribati             No information currently available                                                               100,000                  25,000
Korea, Rep.of        Benefits provided by Social Security under   KRW 100,000,000 per          not required           KRW 300,000,000          KRW 100,000,000 (some         Obligatory under the Compulsory Liability
                     the Labour Standards Law 1953 and the        person, KRW 200,000,000                                                      professions pay a cash        Security Law of 1963 (CALI). Limits were
                     Industrial Accidents Compensation            per occurrence (except not                                                   deposit to their              increased in 2005 to KRW 100,000,000 for
                     Insurance Law of 1964. No certification      required for one person                                                      professional association      Death, KRW 20,000,000 other BI, KRW
                     required unless it is a one employee         firms)                                                                       or purchase a Bond, but       10,000,000 PD. However it is common to
                     company as these are exempted from the                                                                                    limits are rarely adequate.   purchase voluntary additional coverage to
                     Act                                                                                                                                                     unlimited PD/BI and we require this.


Kuwait               Benefits are provided for by the Labour      Minimum limits KWD           not required (but in   KWD 150,000              KWD 50,000                    Compulsory under Road Traffic Act 1959 as
                     Law 38.1964 and Ministerial Order            100,000 per person, KWD      certain cases WC                                                              amended by Traffic Law 67/1976. Both BI and
                     66.1983 but insurance is not compulsory.     250,000 aggregate            issued in                                                                     PD are unlimited.
                     Certification required                                                    conjunction with PA
                                                                                               and/or Group Life).


Kyrgyz Republic      Not compulsory but the Law on Work        not required                    not required           100,000                  50,000                        Not compulsory. We require minimum limits of
                     requires employers to pay 20 x salary for                                                                                                               US$ 20,000 BI and US$ 20,000 PD.
                     death plus a pension to dependents to age
                     18 (or 23 if in full time education).
                     Certification required.
Lao PDR              Responsibility defined in the Workers         not required                Minimum Death          100,000                  US$ 25,000 but currently      Compulsory since 1990 (when no insurance
                     Compensation Act of 1990 and reaffirmed                                   Benefit 3 x Annual                              only freely available for     company existed!). The limits ae extremely
                     by the Labor Law of 1994, coverage is                                     Salary                                          architects                    with a maximum liability under the Act of KIP
                     provided by the Social Security System for                                                                                                              10,000,000 (US$ 926). We require "Option IV"
                     Enterprise Employees which incepted in                                                                                                                  with limits of KIP 450,000,000 BI and KIP
                     2001. No certification is required but limits                                                                                                           50,000,000 PD.
                     are very low so PA is a requirement


Latvia               Covered by the State Welfare System. No not required                      Minimum Death          LAT 500,000              LAT 50,000 unless             EU 4th Directive introduced 2004. Limits are
                     certification required.                                                   Benefit 3 x Annual                              staturory limits higher       LAT 250,000 BI and LAT 70,000 PD
                                                                                               Salary
Lebanon              Decree #136 of 9/16/83 has not yet been      see WC                       Minimum Death          250,000                  50,000                        1977 Law requiring Compulsory BI coverage
                     enacted and we will accept a WC policy                                    Benefit 3 x Annual                                                            was enacted in 2003 with limits of US$500,000
                     (extended to include Employers Liability)                                 Salary if WC not                                                              for cars. We require also a minimum of
                     or a PA policy in lieu.                                                   purchased                                                                     US$50,000 for PD. There is a possibility of
                                                                                                                                                                             new Legislation in 04/05 which may establish a
                                                                                                                                                                             higher PD limit.
Lesotho              No information currently available but                                                           500,000                  200,000
                     South African limits would not be
                     unreasonable.
Liberia              No information currently available                                                               100,000                  50,000
Libya                Govt. monopoly, no certification             Minimum limit US$100.000     not required           250,000                  25,000                        BI Statutory limits PD US$25,000




                                                                                                    Page 10 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                Personal Accident                                                             Auto Liability (BI = Third Party Bodily
            Country         Workers Compensation (WC)          Employers Liability (EL)                 (PA)       General Third Party Liability Professional Liability    Injury, PD + Third Party Property Damage)
Lithuania             State scheme administered since 2000 by not required                      Minimum Death      LIT 1,000,000                LIT 150,000 unless        Compulsory since 2002 with very low limits. EU
                      SoDra. No certification required                                          Benefit 3 x Annual                              statutory requirements    4th Directive limits of Euro 500,000 PD and
                                                                                                Salary                                          higher                    Euro 1,000,000 BI effective since May 2004.

Luxembourg            State scheme                                 not required                 not required         2,500,000                  1,000,000                 Statutory BI/PD is unlimited
Macedonia             State scheme, no certification required.     not required                 Minimum Death        Euro 100,000               Euro 50,000 unless        The Motor Third Party Liability Act of 2005 will
                      PA is required.                                                           Benefit 3 x Annual                              statutory requirements    replace Part 5 of the Insurance Act of 1997
                                                                                                Salary                                          higher                    with increased limits of Euro 50,000 PD/BI (for
                                                                                                                                                                          cars). These limits will increase annually to
                                                                                                                                                                          2010 when they will be Euro 500,000 PD and
                                                                                                                                                                          Euro 1,000,000 (for cars). As of 4/04 the new
                                                                                                                                                                          Act was not in force but require a minimum of
                                                                                                                                                                          Euro 50,000 PD/BI or higher as required by
                                                                                                                                                                          Statute.


Madagascar            Some coverage available from the Caisse not required                      Minimum Death        MFR 5,000,000,000          MFR 1,000,000,000         Statutory is theoretically unlimited but in
                      Nationale de Prevoyance Sociale                                           Benefit 3 x Annual                                                        practice limited by Reinsurance to MFR
                      (CNaPS). Certification not required. (PA is                               Salary                                                                    5,000,000. The Insurance Law of
                      required).                                                                                                                                          1999/Application Decree 2000-986 is to include
                                                                                                                                                                          a scale of benefits for most injuries but has not
                                                                                                                                                                          yet been published (May 05).


Malawi                Introduced by the Workers Compensation       Minimum limits MWK           Minimum Death        US$100,000. Up to          US$50,000                 Road Traffic Act of 1997 provide for unlimited
                      Acy of 1990 (and amendments) but is not      1,000,000 per person,        Benefit 3 x Annual   US$1,000,000 said to be                              liability for Bodily Injury. The Property Damage
                      compulsory by law. Limits are very low       MWK 5,000,000 annual         Salary               available                                            limit of MWK 250,000 was increased (in error)
                      and should be supplemented by a              aggregate                                                                                              by the Government Gazette to a minimum of
                      Personal Accident insurance. Certification                                                                                                          MWK 5,000,000. This is under discussion. We
                      required                                                                                                                                            will accept MWK 2,500,000




Malaysia              State Scheme under the Employers Social Minimum limit of                  not required         500,000                    50,000                    Road Traffic Act of 1987 requires unlimited BI
                      Security Act of 1969 and Employers          US$500,000                                                                                              coverage (passenger liability is only
                      Social Security (General Regulations)                                                                                                               compulsory for public transport vehicles). We
                      1971 which brought in the Social Security                                                                                                           require a minimum of US$25,000 for
                      Organization (SOCSO). Coverage is                                                                                                                   Passenger Liability and PD.
                      obligatory but does not apply to foreign
                      workers. These are protected by the
                      Workers Compensation Act of 1952 (as
                      amended). No certification required for
                      SOCSO. Certification is required if foreign
                      workers are employed




Maldives              not known                                    to be added to the GL policy not required         100,000                    25,000                    Statutory coverage

Mali                  State scheme under the Institute             not required                 Minimum Death        100,000                    50,000                    Compulsory under the CIMA code. Liability for
                      Nationale de la Prevoyance Sociale. No                                    Benefit 3 x Annual                                                        BI is theoretically unlimited but Arts 258 - 266
                      certification required.                                                   Salary                                                                    of the Code include a table of compensation
                                                                                                                                                                          rates.




                                                                                                     Page 11 of 21                                                               8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                 Personal Accident                                                            Auto Liability (BI = Third Party Bodily
            Country          Workers Compensation (WC)               Employers Liability (EL)            (PA)      General Third Party Liability Professional Liability     Injury, PD + Third Party Property Damage)
Malta                 Under the Conditions of Employment            The Employers Liability      not required      MTL 1,000,000                MTL 100,000 unless         Malta Road Traffic Act 1939 limits amended on
                      Registration (ERA) Act employers are          (Compulsory Insurance) Act                                                  statutory requirements are EU accession to MTL 500,000 for BI and MTL
                      responsible health and welfare of staff for   of 1974 was passed by                                                       higher.                    100,000 for PD
                      full salary for 12 months (6 day              parliament but never
                      "deductible" for work related accidents).     enacted, Cover for
                      Insurance is not compulsory and should        occupational accidents and
                      be added to the EL policy                     disease is available and we
                                                                    also require that the policy
                                                                    be extended to cover ERA
                                                                    benefits (see Workers
                                                                    Comp).


Marshall Islands      No information currently available                                                                  100,000                25,000
Mauretania            No information currently available                                                                  100,000                50,000
Mauritius             State scheme administered by the              Required - used to pay first   To comply with IIS     MUR 10,000,000         MUR 5,000,000              Statutory coverage is unlimited for BI/PD but
                      National Pension Scheme (1976) with           15 days disability which is    benefits standard is                                                     there are some indications legislation will be
                      benefits defined by the Industrial Injury     not covered by NPS             6 x Annual Salary                                                        introduced to limit liability.
                      Scheme (1979).                                                               for Death and 8 x
                                                                                                   for Permanent
                                                                                                   Disability


Mexico                State Scheme under Social Security            to be added to GL policy       Minimum Death          500,000                100,000                    The Federal District Assembly passed a law in
                      legislation. No certification required.                                      Benefit 3 x Annual                                                       1997 (Seguro Obligatorio para el Uso de
                                                                                                   Salary                                                                   Vehiculos Automotores - SUVA), to introduce
                                                                                                                                                                            compulsory BI cover. Due to a change in
                                                                                                                                                                            government it was only enacted for Public
                                                                                                                                                                            Transport Vehicles (however this applies
                                                                                                                                                                            nationally for vehicles carrying fare paying
                                                                                                                                                                            passengers). Nueva Leon and Chihuahua have
                                                                                                                                                                            legislation requiring compulsory coverage.
                                                                                                                                                                            Users of toll roads have a form of coverage
                                                                                                                                                                            applicable only while on the road. Commercial
                                                                                                                                                                            vehicles on any Federal Highway are required
                                                                                                                                                                            to have compulsory BI/PD coverage. As all of
                                                                                                                                                                            these limits are quite low, we require a
                                                                                                                                                                            minimum of US$ 50,000 combined for BI/PD.




Micronesia            No information currently available                                                                  100,000                25,000
Moldova               Law on Labor Protection insurance is          not required                   Law on Labor           100,000                25,000                     Law on Compulsory Third Party Liability
                      effectively issued as Personal Accident       (effectivelycovered by         Protection requires                                                      Insurance of the Owners of Motor Vehicles and
                                                                    Personal Accident)             a minimum Death                                                          City Electric Transport of 1994 (effective
                                                                                                   Benefit of 10 years                                                      1/1/95) requires unlimited BI and PD cover of
                                                                                                   salary                                                                   MOL 180,000. Due to devaluation, we require
                                                                                                                                                                            a minimum PD limit of US$25,000


Mongolia              The Law requiring this coverage has not       not required                   Minimum Death          25,000                 5,000                      Law on Insurance of 1997, amended by
                      been implemented. We will accept PA                                          Benefit 3 x Annual                                                       Regulation 95 of 19 March, 2003 provides
                      coverage in lieu                                                             Salary                                                                   complulsory limits of MTN1,000,000. We
                                                                                                                                                                            require a minimum of US$5,000 for both PD
                                                                                                                                                                            and BI




                                                                                                        Page 12 of 21                                                              8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                     Personal Accident                                                                  Auto Liability (BI = Third Party Bodily
          Country            Workers Compensation (WC)               Employers Liability (EL)                (PA)       General Third Party Liability Professional Liability          Injury, PD + Third Party Property Damage)
Morocco                Insurance, with limits as per the Workers    not required                     Minimum Death      MDH 5,000,000                MDH 1,000,000                   Compulsory under Law 1-69-100 of 1969 as
                       Compensation Insurance Law 18-01 of                                           Benefit 3 x Annual                                                              amended by Law 1-84-177 of 1984. The BI
                       2002 (amended in 2003, will not become                                        Salary                                                                          coverage, which was unlimited, was reduced to
                       compulsory until 2006, but we require the                                                                                                                     MDH 10,000,000 under the Insurance Law of
                       coverage to be in place.                                                                                                                                      2002 (17-99). We require minimum limits of
                                                                                                                                                                                     MDH 10,000,000 for BI/PD combined.


Mozambique             to be insured as per the requirements of     not required                     not required         50,000                        10,000                       minimum limits of US$ 25,000 BI/PD combined
                       Decree 8/85. Certfication required
Myanmar                The Workmens Compensation Act of             not required                     Minimum Death        Obligatory under the          Very undeveloped market      Compulsory under Art. VI of the 1993
                       1923 imposes strict liability on employers                                    Benefit 3 x Annual   Insurance Law, but not        even though the              Insurance Law. Limits are MMK 25,000 for
                       but no obligation to insure. Firms with                                       Salary               enforced. Minimum limit US$   Commercial Law on            Death and BI but unlimited per accident. PD
                       more than five employees are also bound                                                            100,000                       negligence follows English   limit is MMK 10,000. It would appear that
                       by the Social Security Act of 1954, which                                                                                        Law and practice.            Excess limits are only available if the premium
                       is a state scheme, no certification                                                                                              Minimum US$ 10,000           is paid in US$. We should endeavor to obtain a
                       required. Social security benefits are                                                                                                                        minimum of US$15,000 PD
                       limited so we require PA coverage.


Namibia                The Employees Compensation Act of          Minimum limit of NMD               Minimum Death        Minimum limit of NMD          Minimum limit of             The Motor Vehicle Act of 1990 requires
                       1995, which amended the Workmens           1,000,000                          Benefit of 3 x       5,000,000                     NMD500,000 (Note: this       coverage of NMD 250,000 for BI (Passenger
                       Compensation Act of 1941 provides                                             Annual Salary                                      coverage may need to be      Liability is NMD 25,000 per occurrence). This
                       compulsory coverage for employees                                                                                                placed in South Africa)      cover is granted by the State via a levy on
                       earning up to NMD72,000 p.a. This is                                                                                                                          gasoline. We require additional limits with a
                       administered by the State under the Social                                                                                                                    minimum of NMD 2,500,000 BI/PD which is
                       Security Act of 1994. No certification is                                                                                                                     commonly offered.
                       required. (NB most employees will have
                       no coverage under this scheme)


Nepal                  Labor Act of 1992, Art.38 establishes        not required                     Minimum Death        50,000                        10,000                       Transportation Act has not been implemented.
                       mandatory insurance for certain                                               Benefit 5 x Annual                                                              Minimum requirements PD/BI US$10,000
                       occupations but insurance is provided via                                     Salary
                       PA policy - see requirements


Netherlands            There are numerous Acts that trigger         To be added to the GL            not required         Euro 1,250,000 - 5,000,000    Many professions have    EU 4th Directive limits. EU 5th Directive to be
                       payments under the state Social Security     policy. Liability is generally                        as per WC                     "required", but not      implemented
                       schemes but the government involvement       unlimited in the aggregate.                                                         "statutory" limits. Euro
                       is reducing. We require a minimum WC                                                                                             1,000,000 is the minimum
                       limit of Euro 1,250,000 for small
                       companies, increasing to Euro 5,000,000
                       for large companies


Netherlands Antilles   no other information currently available                                                           1,000,000                     50,000

New Zealand            Accident Compensation Corporation            NZ$2,000,000 (cover will         not required         NZ$2,000,000                  NZ$1,000,000                 BI is handled on a No-Fault basis by the
                       provides no-fault coverage. No               exclude liability for which                                                                                      Govt.Accident Compensation Comission
                       certification required.                      compensation is provided                                                                                         (ACC), there are no statutory limits as such.
                                                                    to any extent by the                                                                                             The scheme is funded by a levy on gasoline
                                                                    Accident Rehabilitation and                                                                                      and a charge in the vehicle registration fee. PD
                                                                    Compensation Act, 1992.                                                                                          NZ$20,000,000 is commonly available.




                                                                                                          Page 13 of 21                                                                     8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                               Personal Accident                                                              Auto Liability (BI = Third Party Bodily
            Country          Workers Compensation (WC)              Employers Liability (EL)           (PA)      General Third Party Liability Professional Liability       Injury, PD + Third Party Property Damage)
Nicaragua             State scheme under the Instituto             not required                Minimum Death     100,000                      10,000                      The Ley de Regimen de Circulation Vehicular e
                      Nicaraguense de Seguridad Social. No                                     Benefit of 3 x                                                             Infracciones de Transito passed 6/20/02 and is
                      certification required                                                   Annual Salary                                                              now approved as Law # 431. Some doubt
                                                                                                                                                                          exists as to whether certain types of
                                                                                                                                                                          organisations (such as Cooperatives) will be
                                                                                                                                                                          allowed to "insure" the liabilities themselves.
                                                                                                                                                                          The limits ar US$ 2,500 per persom/US$ 5,000
                                                                                                                                                                          per accident for Bodily Injury. We require
                                                                                                                                                                          increased limits of US$10,000 for PD/BI
                                                                                                                                                                          combined




Niger                 State scheme under the Caisse Nationale      not required                Minimum Death        100,000                   50,000                      Compulsory under the CIMA code. Liability for
                      de Securite Sociale. No certification                                    Benefit 3 x Annual                                                         BI is theoretically unlimited but Arts 258 - 266
                      required.                                                                Salary                                                                     of the Code include a table of compensation
                                                                                                                                                                          rates.
Nigeria               Obligatory under the Workmens                included in the WC          not required         NGN 10,000,000            NGN 5,000,000               BI is for unlimited liability and is compulsory
                      Compensation Decree 17 of 1985.              coverage in Nigeria                                                                                    under the Motor Vehicles (Third Party)
                      Certification required                                                                                                                              Insurance Act of 1950. PD cover of NGN
                                                                                                                                                                          1,000,000 is compulsory under the Insurance
                                                                                                                                                                          Act. However we require a minimum of NGN
                                                                                                                                                                          2,000,000
Norway                Compulsory to statutory limits (based on     not required                not required         NOK 10,000,000            NOK 5,000,000 (certain      Compulsory under Motor Liability Law
                      earnings) under Lov om yrkesskade,                                                                                      professions required by     (Bilansvarsloven, 1961) amended in 1974. BI
                      1989. We require certification of this and                                                                              Law to have higher limits   is unlimited and PD is NOK 1,000,000. We
                      also of the complementary "safety"                                                                                                                  require increased PD limits of NOK 5,000,000
                      (trygghet) coverage


Oman                  Compulsory under Decree 44/77 for            to be added to GL           For companies with   OMR 150,000               OMR 50,000                  Compulsory since 1983 with limits of OMR
                      companieds that have more than 8                                         fewer than 8                                                               75,000 any one accident
                      employees. Certification required. (Omani                                employees,
                      nationals also have a Social Security                                    Minimum Death
                      scheme)                                                                  Benefit 3 x Annual
                                                                                               Salary




                                                                                                    Page 14 of 21                                                                8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                Personal Accident                                                            Auto Liability (BI = Third Party Bodily
           Country          Workers Compensation (WC)                 Employers Liability (EL)          (PA)       General Third Party Liability Professional Liability    Injury, PD + Third Party Property Damage)
Pakistan             The Workers Compensation Act of 1923           to be added to GL policy    Minimum Death      US$ 250,000                  US$ 25,000                Section 95 of the Motor Vehicle Act. 1939
                     obligates employers with more than 10          with a minimum limit of US$ Benefit 3 x Annual                                                        requires compulsory, unlimited, BI cover. We
                     staff to provide benefits but does not         100,000                     Salary                                                                    also require minimum PD limits od US$ 20,000
                     make the insurance compulsory. There is
                     a salary cap so only lower paid workers
                     benefit. If the Industry is subject to the
                     Social Security Ordinance of 1965 the
                     Social Security Act of 1965 takes
                     precedence. Benefits were increased
                     under the Labour Laws (Amendment)
                     Ordinance, 2001 but are still low. We
                     therefore require the Personal Accident
                     coverage as a supplement. A WC
                     certificate is required where appropriate,
                     no certification required for Social Security.




Palau                No information currently available                                                            100,000                     25,000
Panama               State scheme via the Caja de Seguro         to be added to GL policy     not required         500,000                     50,000                     Compulsory cover was introduced in 1993 but
                     Social. No certification required                                                                                                                    never enacted. Vehicles entering port areas
                                                                                                                                                                          are required to carry US$ 100,000 per person,
                                                                                                                                                                          US$ 300,000 per accident for BI. We require
                                                                                                                                                                          these limits plus US$ 25,000


Papua New Guinea     No information currently available                                                            100,000                     25,000
Paraguay             Statutory (IPS) under Decree Law 1860 of minimum limit US$25,000         not required         100,000                     25,000                     Not compulsory, legislation has been pending
                     1950, no certification required                                                                                                                      for some time. Standard coverage is PYG
                                                                                                                                                                          40,000,000 Bi and PYG 20,000,000 PD.

Peru                 Statutory under Law 26790 (as amended), to be added to GL policy         not required         250,000                     25,000                     Statutory under Law 27181 Art 30 and
                     known as Seguro Complementario de                                                                                                                    Ministerial Resolution 336-2001-MTC 15.02.
                     Trabajo de Riesgo (SCTR). Handled by                                                                                                                 Known as Seguro Obligatorio de Accidentes de
                     Life insurers and Health companies                                                                                                                   Transito (SOAT), as amended by Supreme
                     (Entidades Prestadoras de Salud).                                                                                                                    Decree 001-2004-MTc. However limits are
                     Certification required.                                                                                                                              very low and we require excess limits of
                                                                                                                                                                          US$30,000 BI/PD


Philippines          Regulated by the Employees                  to be added to GL policy     not required         100,000                     25,000                     Chapter VI of the Insurance Code 1978
                     Compensation and State Insurance Fund       with minimum limits of PHP                                                                               imposes compulsory BI limit of PHP 50,000.
                     (Presidential Decree 626). Originally via   1,000,000                                                                                                This is inadequate and we require a minimum
                     Decree 442 - the Labor Code of the                                                                                                                   of US$25,000 PD/BI combined
                     Philippines. As a state administered
                     scheme we do not require certification


Poland               State scheme under the Social Insurance     to be added to GL policy     not required         500,000                     100,000                    Act of 5/22/03 requires Euro 350,000 per
                     Institute (ZUS) (which is financially       with minimum limits of                                                                                   person for BI and Euro 200,000 for PD. These
                     unstable). No certification required        US$50,000                                                                                                limits are acceptable. Limits are expected to
                                                                                                                                                                          increase to match the EU 5th Directive




                                                                                                   Page 15 of 21                                                                8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                   Personal Accident                                                              Auto Liability (BI = Third Party Bodily
           Country           Workers Compensation (WC)                  Employers Liability (EL)           (PA)      General Third Party Liability Professional Liability       Injury, PD + Third Party Property Damage)
Portugal                Required under Law 100/1997, Decree            Euro 500,000                not required      Euro 500,000                 Euro 500,000 unless          Compulsory under the Codigo da Estrada.
                        Law 143/1999, Law 99/2003 and Law                                                                                         statutory limits higher      Current limits in line with EU 4th Directive
                        35/2004. Certification required

Puerto Rico             State scheme under Workers accident            not required                not required         1,000,000                 US$ 1,000,000 (medical       Compulsory BI is on a No-Fault basis with
                        Compensation Act of 1935 and                                                                                              malpractice is placed via    limits of up to US$ 25,000 for Death. PD is
                        amendments. No certification required.                                                                                    a pool of insurers with      US$ 3,000 on a negligence basis. Cost is paid
                                                                                                                                                  lower limits).               with Vehicle Licensing. We require a minimum
                                                                                                                                                                               of US$ 100,000 BI/PD combined.
Qatar                   Responsibilities established by Labour         Minimum QAR 1,000,000       not required unless QAR 2,000,000              QAR 3,500,000                Compulsory by Art.58 of the Resolution of the
                        Law #3/1992 but insurance is not               (added to WC policy)        WC not in force.                                                            Minister of the Interior #1/1981. Limits
                        compulsory. Some firms may insure via a                                    Minimum Death                                                               established under Law #4/1992 are unlimited
                        PA policy. Certification required                                          Benefit equal to                                                            for PD and BI. "Blood Money" for death claims
                                                                                                   "Diya" requirements                                                         was increased to QAR 150,000 in 2004


Romania                 Law 346/2002 establishes a social                                500,000 Minimum Death          250,000                   Compulsory for several       Current Statutory limits (2005) are ROL
                        security fund but this is not expected to be                             Benefit 3 x Annual                               professions. Minimum         1,000,000,000 per person, ROL 5,000,000,000
                        operational until 2005 and it is not clear                               Salary                                           Euro 250,000 unless          per accident BI and ROL 3,000,000,000 PD.
                        whether the benefits will cover the                                                                                       statutory limits higher.     EU 4th Directive limits to be reached by 2007.
                        liabilities established by Law 19/2000.                                                                                                                We accept current statutory limits.
                        Until this situation is clarified, PA is a
                        mandatory requirement


Russia                  State scheme (Social Insurance Fund) no        not required                Minimum Death        250,000                   20,000                       Compulsory limits under Law 40-F2 are not
                        certification required                                                     Benefit 3 x Annual                                                          adequate (RUR 400,000). We require a
                                                                                                   Salary                                                                      minimum of US$20,000 PD/BI
Rwanda                  No information currently available.                                                             100,000                   50,000
Saipan                  no other information currently available                                                        500,000                   50,000

Samoa (American)        No information currently available.
Samoa (Western)         No information currently available.                                                             100,000                   25,000
Sao Tome & Principe     No information currently available.                                                             100,000                   50,000
Saudi Arabia            State scheme under the General             SRY 1,000,000                   Minimum Death        SRY 1,000,000             SRY 500,000 but may be       Compulsory under Royal Decree #222 of 2001.
                        Organisation for Social Insurance (GOSI).                                  Benefit 3 x Annual                             difficult to obtain.         BI is unlimited, PD is SRY 5,000,000.
                        No certification required. However the                                     Salary                                                                      However insurance is issued to holders of
                        Labor Law prescribes different benefits                                                                                                                drivers licenses rather than to vehicles.
                        which can be insured under a "Difference
                        in Conditions" (DIC) policy - limits noted
                        under EL. We require either the DIC policy
                        or a PA policy.


Senegal                 Nationalized in 1975 under Law 75-50 but       not required                Minimum Death        250,000                   US$ 50,000 Coverage is       Compulsory under the CIMA code. Liability for
                        the scheme is poorly funded. No                                            Benefit 3 x Annual                             compulsory for some          BI is theoretically unlimited but Arts 258 - 266
                        certification required. PA is required                                     Salary                                         professions but is not       of the Code include a table of compensation
                                                                                                                                                  easily obtainable. In some   rates.
                                                                                                                                                  cases Bonds are posted.


Serbia & Montenegro -   State scheme under Social Security, no        not available                not required         Euro 100,000              often added to TP         Compulsory limits for cars are Euro 100,000
Kosovo                  certification required. Employers are                                                                                     coverage with 25% of that per person, Euro 300,000 per event BI, Euro
                        responsible for the first 60 days of benefits                                                                             limit                     50,000 per claim, Euro 100,000 per event PD
                        but there is no insurance available to
                        cover this.




                                                                                                        Page 16 of 21                                                                 8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                     Personal Accident                                                            Auto Liability (BI = Third Party Bodily
          Country              Workers Compensation (WC)               Employers Liability (EL)              (PA)      General Third Party Liability Professional Liability     Injury, PD + Third Party Property Damage)
Serbia & Montenegro -   State scheme under Social Security, no        not available                  not required      Euro 100,000                 often added to TP         Current Law, Arts 73 - 108 of the Property &
Serbia                  certification required. Employers are                                                                                       coverage with 25% of that Personal Insurance Act, 1996 requires
                        responsible for the first 60 days of benefits                                                                               limit                     compulsory limits of US$ 100,000 PD/BI for
                        but there is no insurance available to                                                                                                                cars. Anew law, due to be passed in 2005 will
                        cover this.                                                                                                                                           increase these limits to Euro 500,000 PD and
                                                                                                                                                                              Euro 1,000,000 BI but the law has been
                                                                                                                                                                              delayed following revocation of the licenses of
                                                                                                                                                                              15 insurance companies (6/05)



Seychelles              no information currently available                                                                250,000                      100,000
Sierra Leone            no information currently available                                                                100,000                      50,000
Singapore               Compulsory under the Workers                 Issued as part of WC            not required         S$ 1000000                   S$ 500,000 certain           The Singapore Road Traffic Act requires
                        Compensation Act for most manual             policy, limit is typically S$                                                     professional associations    unlimited BI cover. The market standard for
                        workers and office staff earning less than   10,000,000                                                                        require members to carry     PD is S$ 5,000,000 for cars
                        S$ 1,600 per month                                                                                                             higher limits


Slovak Republic         State Monopoly since 4/1/02 under Social     not required                    not required         SKK 20,000,000               minimum limit SKK            Auto Liability> From 1/2/02 minimum
                        Insurance Institute. No certification                                                                                          5,000,000 Certain            compulsory limits are SKK 5,000,000 for PD
                        required                                                                                                                       professions have             and SKK 19,000,000 for BI. These limits can
                                                                                                                                                       compulsory requirements.     be increased to SKK 60,000,000 for 20%
                                                                                                                                                       Where these exist we will    additional premium. The SKK 60m. is our
                                                                                                                                                       take the lower statutory     minimum requirement except for vehicles that
                                                                                                                                                       limit subject to a minimum   travel outside Slovakia where SKK 100m. ir
                                                                                                                                                       of SKK 1,000,000 (about      required. The EU 4th Directive came into force
                                                                                                                                                       US$30,000).                  on 1/15/05 and the above limits are said to
                                                                                                                                                                                    comply. The 5th Directive, when enacted, will
                                                                                                                                                                                    require higher limits. (NB benefits for Pain &
                                                                                                                                                                                    Suffering are capped at about US$100,000
                                                                                                                                                                                    under Amendment 437/2004 to Act 381/2001).




Slovenia                State controlled through Social Security     Required unless very         Minimum Death           Euro 1,000,000               Compulsory for many
                        system. No certification required.           specifically nor excluded by Benefit of 3 x                                       professions but often with
                                                                     GL policy (increasingly      Annual Salary                                        low limits. Coverage may
                                                                     rare). Policy mainly covers                                                       be provided by a
                                                                     difference between actual                                                         professional association
                                                                     earnings ans social security                                                      but "top-up" cover is
                                                                     benefits but also pays for                                                        available. Our minimum
                                                                     pain & suffering.                                                                 limit is Euro 200,000
                                                                                                                                                       unless statutory limit is
                                                                                                                                                       higher.


Solomon Islands         no information currently available                                                                100,000                      25,000
Somalia                 no information currently available                                                                100,000                      50,000
South Africa            State Scheme - Compensation for              to be added to GL policy        not required         SAR 5,000,000                SAR 1,000,000 (may be        Unlimited BI under Compulsory Motor Vehicle
                        Occupational Illnesses and Diseases Act                                                                                        offered by a professional    Insurance Act # 56 of 1972 and Road Traffic
                        # 131 of 1993 (COIDA). No certification                                                                                        association)                 Act # 29 of 1989 (as amended). Standard
                        required                                                                                                                                                    voluntary PD cover of SAR 2,500,000 is
                                                                                                                                                                                    acceptable
Spain                   Nationalized under Social Security Law of    to be added to GL policy        not required         Euro 1,000,000               Euro 500,000 (often done     Compulsory limits under EU 4th directive are
                        1963. No certification required              (seguro patronal)                                                                 via a professional           acceptable, no certification required. 5th
                                                                                                                                                       association                  directive with higher limits pending - will be
                                                                                                                                                                                    Euro1m. BI Euro 500k PD




                                                                                                          Page 17 of 21                                                                    8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                     Personal Accident                                                                Auto Liability (BI = Third Party Bodily
            Country                   Workers Compensation (WC)           Employers Liability (EL)           (PA)       General Third Party Liability Professional Liability       Injury, PD + Third Party Property Damage)
Sri Lanka                    The Workers Compensation Amendment not required                         Minimum Death      100,000                      25,000                       Motor Traffice Act of 1951 requires unlimited
                             Act of 1990 extended employers legal                                    Benefit 3 x Annual                                                           BI coverage. PD is not compulsory but insurers
                             liabilities but did not make the insurance                              Salary                                                                       routinely give cover on an unlimited basis
                             compulsory. Limits are low. Certification of
                             insurance is required


St. Lucia                    Social Security benefits under the St.      Minimum limits XCD          not required         Minimum limit XCD 500,000   US$25,000. Coverage is      Compulsory under the Motor Vehicles
                             Lucia National Insurance Corporation Act    1,000,000                                                                    generally placed offshore   Insurance (Third Party Risks) Act #24 of 1988.
                             of 2000, the Employees (Occupational                                                                                     at Lloyds                   Limits are XCD 300,000 per person, XCD
                             Health & Safety) Act of 1985, the                                                                                                                    1,500,000 per event BI, XCD 200,000 per
                             Industrial and Commercial Buildings (Fire                                                                                                            claim, XCD 500,000 per event PD
                             Safety Act) of 1973, the Factories
                             Ordinance Chapter 106 and the Steam
                             Boilers Ordinance Chapter 187. No
                             certification required


St. Vincent & the Grenadines Social Security benefits under the National Minimum limits XCD          not required         Minimum limit XCD 500,000   US$25,000. Coverage is      Compulsory under the Motor Vehicles
                             Insurance Act #33 of 1986 and the           1,000,000                                                                    generally placed offshore   Insurance (Third Party Risks) Act of 1947.
                             Factories Act of 1990. No certification                                                                                  at Lloyds                   Limits are XCD 10,000 per person, XCD
                             required                                                                                                                                             100,000 per event BI. PD is not compulsory
                                                                                                                                                                                  under this Act. A new Act, the Motor Vehicles
                                                                                                                                                                                  Insurance (Third Party Risks) Act #4 of 2003
                                                                                                                                                                                  increased the BI to XCD 250,000 per persom
                                                                                                                                                                                  and XCD 1,000,000 per event and includes PD
                                                                                                                                                                                  with limits of XCD 250,000 per "item" and XCD
                                                                                                                                                                                  500,000 per event. As of 6/05 this legislation
                                                                                                                                                                                  has not been enacted, however we require the
                                                                                                                                                                                  new limits as a minimum




Sudan                        The National Social Insurance Fund           included in the WC         not required         100,000                     10,000                      The Road Traffic Act #5 of 1962 was amended
                             (NSIF) is administers benefits payable       coverage in Sudan                                                                                       in 1993 to take Sharia into account. The Act
                             under the Social Insurance Act of 1990.                                                                                                              limit for BI is SDD 2,000,000. Per person. PD
                             This only applies if a worker is disabled by                                                                                                         is unlimited. The BI limit (called Deya) is
                             more than 15% (or is killed). For other                                                                                                              awarded in almost all cases as it is so low.
                             injuries Workers Compensation is
                             compulsory under the Work Injuries
                             Compensation Act of 1981 but
                             enforcement has been limited.


Suriname                     Statutory under Law of 1947 (amended in     not required                Minimum Death        100,000                     25,000                      Motor Third Party (WAM) Act of 1981
                             1950, 1975, 1983 and 2001). Certification                               Benefit 3 x Annual                                                           amended in 2001 provides statutory limits of
                             required                                                                Salary                                                                       SRG7,000,000 for BI and PD. Excess limits to
                                                                                                                                                                                  US$10,000 PD/BI required
Swaziland                    No information currently available but                                                       500,000                     200,000
                             South African limits would not be
                             unreasonable.
Sweden                       State social security benefits often        not required                not required         SEK 10,000,000              SEK 5,000,000 individual    The Motor Traffic Damage Act of 1975
                             supplemented by collective agreements                                                                                    industry practice may be    imposes obligatory BI/PD for limits as
                             under TFA (trygghetsforsakrimg vid                                                                                       higher                      announced. Currently this is SEK 300,000,000
                             arbetsskada) which is provided by                                                                                                                    but is expected to be aligned with the EU 5th
                             specialized insurers. No certification                                                                                                               Directive in due course
                             required




                                                                                                          Page 18 of 21                                                                 8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                             Personal Accident                                                                   Auto Liability (BI = Third Party Bodily
          Country          Workers Compensation (WC)              Employers Liability (EL)           (PA)      General Third Party Liability Professional Liability            Injury, PD + Third Party Property Damage)
Switzerland         Compulsory under Federal Law on              not required                not required      CHF 4,000,000                CHF 1,000,000                     Statutory limits closely follow EU Directives.
                    Accident Insurance (UVG), introduced on                                                                                                                   Current minimum PD/BI is CHF 5,000,000 for
                    1/1/84. May be placed with semi-state                                                                                                                     cars but most people carry CHF 100,000,000.
                    owned SUVA (which has a monopoly for                                                                                                                      We require a minimum of CHF 20,000,000
                    civil servants and certain other
                    categories), or via private insurers.
                    Certification required
Syria               State scheme. No certification required      not available               Minimum Death         SYP 50,000,000                 US$ 25,000 may be           Technically legal liability is unlimited but the
                                                                                             Benefit 5 x Annual                                   difficult to obtain other   state insurer usually offers SYP 300,000 each
                                                                                             Salary                                               than for engineers          for BI and PD. We require limits of SYP
                                                                                                                                                                              1,500,000 BI and SYP 1,000,000 PD


Taiwan (R.O.C.)     State scheme under the Labor Insurance       Minimum limits TWD          not required          500,000                        50,000                      Compulsory for BI with limit of TWD 1,400,000
                    Act of 1958 as amended in 1995. No           5,000,000                                                                                                    per person, unlimited per accident PD is not
                    certification required                                                                                                                                    compulsory. We require TWD 5,000,000 each
                                                                                                                                                                              for BI and PD.

Tajikistan          no information currently available                                                             100,000                        25,000                      The compulsory coverage is for extremely low
                                                                                                                                                                              limits (US$ 400). We should look for a
                                                                                                                                                                              minimum of US$15,000 PD/BI combined.

Tanzania            Introduced by the Workmens                   to be added to WC policy    Minimum Death         TZS 1,000,000,000              TZS 50,000,000              Compulsory under the Vehicles Insurance
                    Compensation Ordinance, 1948 as                                          Benefit equal to 41                                                              (Third Party Riskd Ordinance 1945
                    amended and updated by other Statutes                                    x Monthly Salary                                                                 (Tanganyika) and Motor Vehicles (Third Party
                    (Zanzibar has similar legislation). Limits                                                                                                                Risks) Decree 1953 (Zanzibar). BI is unlimited,
                    are extremely low so PA is mandatory.                                                                                                                     PD is not compulsory. We require PD cover of
                    Certification is required.                                                                                                                                US$ 25,000.


Thailand            The Workmens Compensation Act of             Minimum limit of US$50,000 not required           500,000                        US$100,000, unless in the Statutory limits under Protection of Motor
                    1994 amended in 2002 moved coverage                                                                                           medical field where       Accident Victims Act of 1992 are very low. We
                    to the State. No certification required                                                                                       minimum is US$250,000     require minimum limits of $25,000 per person,
                                                                                                                                                                            $250,000 per accident for BI and $50,000 PD


The Gambia          no information currently available                                                             250,000                        100,000
Timor Leste         No information currently available                                                             100,000                        25,000
Togo                State scheme under the Caisse Nationale not required                     not required          Written as Responsabilite      50,000                      Compulsory under the CIMA code. Liability for
                    de Securite Sociale. No certification                                                          Civile du Chef d'Entreprise.                               BI is theoretically unlimited but Arts 258 - 266
                    required. (previously Office Beninoise de                                                      Minimum limit CFA                                          of the Code include a table of compensation
                    Securite Sociale). No certification required                                                   1,000,000,000                                              rates.

Tonga               no information currently available                                                             100,000                        25,000
Trinidad & Tobago   The National Insurance Board, established to be added to the WC          not required          TTD 2,500,000                  TTD 1,000,000 unless        Statutory under Motor Vehicle Insurance (Third
                    in 1971, only provides limited benefits and policy.                                                                           statutory limits higher     Party Risks) Act of 1998. Limits are TTD
                    WC cover is complementary under the                                                                                                                       1,000,000 per person, TTD 2,000,000per
                    Workers Compensation Act of 1960.                                                                                                                         sccident for BI and TTD 1,000,000 PD.
                    Certain benefits were amended under the
                    National Insurance Act of 2004.
                    Certification required.


Tunisia             State Scheme - CNSS. No certification        not required                Minimum Death         500,000                        50,000                      Statutory is currently unlimited for PD/BI but
                    required                                                                 Benefit 3 x Annual                                                               pending legislation may change this
                                                                                             Salary




                                                                                                  Page 19 of 21                                                                      8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                      Personal Accident                                                                 Auto Liability (BI = Third Party Bodily
          Country                  Workers Compensation (WC)               Employers Liability (EL)           (PA)      General Third Party Liability Professional Liability         Injury, PD + Third Party Property Damage)
Turkey                      State Scheme under Law 4772 of 1946           Minimum limit of            not required      US$250,000                   US$100,000 (contracts          Statutory Auto Liability as required by the Road
                            amended by Law 506 of 1964 (SSK). No          US$50,000 per person,                                                      under US$10,000,               Traffic Act, 1983. The amounts have
                            certification required                        US$150,000 per accident                                                    minimum limit US$20,000        historically been amended periodically in line
                                                                                                                                                                                    with inflation. We requirethat the statutory
                                                                                                                                                                                    coverage be increased to a minimum of
                                                                                                                                                                                    US$25,000 PD/BI on a facultative basis


Turkmenistan                not available                                 not available               Minimum Death         100,000                  US$ 25,000 minimum but         Compulsory but limits are extremely low. We
                                                                                                      Benefit 3 x Annual                             might be difficult to obtain   require a minimum of US$ 25,000 PD/BI
                                                                                                      Salary                                         without outside                combined.
                                                                                                                                                     reinsurance support
Turks & Caicos Islands      State scheme under National Insurance         US$250,000                  Not required          US$1,000,000             US$100,000. Generally          Compulsory under the Motor Vehicle (Third
                            Ordinance and regulations, 1992. No                                                                                      placed offshore                Party) Insurance Ordinance, 1991. Limits are
                            certification required.                                                                                                                                 US$500,000 BI, US$10,000 PD. We require a
                                                                                                                                                                                    minimum of US$50,000 PD.
Uganda                      Statutory under Workers Compensation          not required                not required          50,000                   25,000                         Statutory Vehicle Insurance (Third Party Risks)
                            Act No 8 of 2000. Certification required                                                                                                                Statute of 1988 has inadequate limits. We
                                                                                                                                                                                    require a minimum of US$20,000 PD/BI

Ukraine                     The Fund for Social Insurance for             not required                Minimum Death         250,000                  50,000                         Compulsory cover for BI introduced in 1997
                            Accidents at Work and Occupational                                        Benefit 3 x Annual                                                            and for PD in 2000 but not effective until
                            Diseases started operation in 2001 as a                                   Salary                                                                        1/1/05. Limits are HRY 51,000 BI and HRY
                            state scheme. No certification required                                                                                                                 25,000 PD. We require a minimum of US$
                                                                                                                                                                                    25,000 PD/BI combined.
United Arab Emirates        Strict liability under Federal Law No 12 of   to be added to GL policy    not required          250,000                  100,000                        Compulsory. BI is unlimited, PD is AED
                            1986. Certification required                                                                                                                            250,000. Limits acceptable, certification
                                                                                                                                                                                    required
United Kingdom              State scheme governed by the Social           The Employers Liability    not required           GBP 1,000,000            GBP 1,000,000.                 The Road Traffic Act of 1972 (amended 1989)
                            Security and Benefits Act of 1992. No         (Compulsory Insurance) Act                                                 Coverage is often              requires unlimited BI. The Motor Vehicles
                            certification required                        of 1969 as amended in                                                      provided on a group basis      (Compulsory Insurance) Regulations of 1987
                                                                          1999 imposes minimum                                                       by professional                imposes a statutory minimum PD limit of GBP
                                                                          limits of GBP5,000,000.                                                    associations                   250,000 although most insurers commonly
                                                                          Certification required                                                                                    offer much higher limits. No certification
                                                                                                                                                                                    required
USA (excludes Guam,         Statutory Limits. Certification required                          500,000 not required          5,000,000                1,000,000                      $ 1,000,000 BI/PD combined
Puerto Rico, Saipan & US
Virgin Islands). SERVICES
USA (excludes Guam,         Statutory Limits. Certification required                          500,000 not required          2,000,000                not required                   US$ 500,000 BI/PD combined
Puerto Rico & US Virgin
Islands). GOODS
Uruguay                     Compulsory under Law 16074 of 1989.           not required                Minimum Death         500,000                  100,000                        Not compulsory, we require a minimum of
                            Statutory Limits. Certification required                                  Benefit 3 x Annual                                                            $50,000 BI/PD combined
                                                                                                      Salary
                                                                                                      (recommended).
Uzbekistan                  Theoretically covered by Social Security.     not required                Minimum Death         25,000                   10,000                         Compulsory by Law 122 of 1995 but limits are
                            No certification required                                                 Benefit 3 x Annual                                                            extremely low. We require a minimum of US$
                                                                                                      Salary                                                                        50,000 PD/BI
Vanuatu                     no other information currently available                                                        50,000                   25,000

Venezuela                   Basically provided by Social Security but     to be added to GL policy    not required          100,000                  US$ 25,000. Outside            Obligatory but limits severely reduced by
                            certain regions/types of employment have                                                                                 reinsurance probably           inflation even though they are denominated in
                            private sector protection under Seguro de                                                                                required                       Unidades Tributarias (tax units). We require
                            Responsabilidad Patronal (RP). We                                                                                                                       minimum limits of US$ 25,000 PD/BI combined.
                            require certification of RP cover or
                            confirmation that it is not applicable




                                                                                                            Page 20 of 21                                                                  8de527c4-34eb-4242-a4ae-9e1e607d321a.xls
                                                                                                    Personal Accident                                                            Auto Liability (BI = Third Party Bodily
           Country               Workers Compensation (WC)        Employers Liability (EL)                  (PA)       General Third Party Liability Professional Liability    Injury, PD + Third Party Property Damage)
Vietnam                                                1,000,000 not required                       Minimum Death      50,000                       25,000                    PD/BI 25.000
                                                                                                    Benefit 3 x Annual
                                                                                                    Salary
Virgin Islands (British)   State scheme for Social Security under                         1,000,000 not required          1,000,000                 500,000                   The Motor Vehicle Insurance (Third Party
                           Act #17 of the Legislative Council, 1979.                                                                                                          Risks) Ordinance of 1961 as amended in 2000
                           No certification required.                                                                                                                         requires US$ 25,000 per person, US$ 75,000
                                                                                                                                                                              per accident for BI and US$ 30,000 for PD. We
                                                                                                                                                                              require a minimum of US$ 100,000 BI and US$
                                                                                                                                                                              50,000 PD.
Virgin Islands (US)        Compulsory under Title 24 of the Virgin      Not required                Minimum Death         US$1,000,000              250,000 (may be placed    Compulsory under Title 20 of The Virgin
                           Islands Code, Chapter 254 onwards. This                                  Benefit 3 x Annual                              via professional          Islands Code, Chapter 47. Limits are US$
                           is managed by a state fund (which is said                                Salary                                          associations).            10,000 per person, US$ 20,000 per accident
                           to be underfunded). No certification                                     (recommended).                                                            BI and US$ 10,000 PD. We require US$
                           required.                                                                                                                                          300,000 BI and US$ 100,000 PD.


West Bank-Gaza             State Fund, no certification required.       minimum limit US$500,000    not required          250,000                   50,000                    BI is unlimited by Statute. Minimum PD limit of
                           Administered by National Insurance                                                                                                                 NIS350,000
                           Institute of Israel under National Insurance
                           Law, 1995
Yemen                      The Civil Code (Art. 313) imposes a          to be added to GL policy    Minimum Death         100,000                   20,000                    BI limit as per Workers Comp. We require a
                           Statutory Limit for Death of one person at                               Benefit 3 x Annual                                                        minimum per event limit of US$25,000.
                           YMR560,000. We require certification of                                  Salary                                                                    Standard PD limit of YMR4,000,000 is
                           coverage with a minimum limit of                                                                                                                   acceptable
                           US$25,000 per event
Zambia                     State scheme under the Workers               Minimum limits of US$       not required          250,000                   100,000                   Compulsory under the Roads and Road Traffic
                           compensation Act # 10 of 1999 and            50,000                                                                                                Act of 1995 but limits are extremely low. We
                           administered by the Workers                                                                                                                        require a minimum of US$ 25,000 PD/BI
                           Compensation Fund Board. No                                                                                                                        combined.
                           certification required.
Zimbabwe                   The Accident Prevention and Workers'         Minimum limits ZWD          not required          250,000                   100,000                   1976 Zimbabwean Road Traffic Act as revised
                           Compensation Scheme, Statutory               100,000,000                                                                                           in 1996 requires "Act" cover with limits variable
                           Instrument 68 of 1990 , was gazetted in                                                                                                            by type of vehicle of ZWD 10m. - 20m. BI and
                           terms of the National Social Security                                                                                                              ZWD 250k. - 500k. PD. Third Party Liability for
                           Authority Act Number 12 of 1989 and                                                                                                                excess limits is issued separately. We require
                           amended by Statutory Instrument 146 of                                                                                                             a minimum of US$ 25,000 PD/BI
                           2004, the National Social Security
                           Authority (Accident Prevention and
                           Workers' Compensation Scheme)
                           (Prescribed Matters) Notice. State
                           scheme, no certification required.




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Description: Public Liability Insurance Certificate document sample