II. Non-compliance with the obligations of the insuree arising from acts or facts under the liability of the policyholder. III. Amendment of the contractual obligations guaranteed by this policy, which have been agreed between policyholder and insuree, without the prior consent of the insurance company. IV. Intentional illegal acts committed by the policyholder or his legal representative. 9.2. All and every punitive fines, except as otherwise provided in the special conditions, will be specifically excluded from the liability of the insurance company. 10. Competition of Guarantees In the case of being two or more guarantees, each of them covering the purpose of this insurance, the insurance company shall respond proportionally with the other participants. 11. Expiration of the Guarantee The guarantee given by this insurance shall expire: I. when the purpose of the main Contract guaranteed by the policy is finally performed by agreement or statement signed by the policyholder or return of the policy; II. when policyholder and insurance company so agree; III. with the payment of the compensation; IV. when the end of validity provided for in the policy, unless stated otherwise in the special conditions or when extended by means of endorsement, in the case of a change in the term of the main Contract. 12. Controversies 12.1. The disputes that arise from the application of these conditions may be resolved: I. by arbitration; or II. a measure of judicial nature. 12.2. In the case of arbitration, the commitment clause shall appear on the policy. 13. Expiration The expiration deadlines are those determined by the law. 14. The matters between insurance company and policyholder will be processed in the forum of its domicile. SPECIAL CONDITIONS 1. Specific Clause for Biddings and Contracts of Indirect Implementation of Constructions, Services and Purchases of the Public Administration, as well as for Concessions and Permissions of Public Service. 1.1 It is understood that this insurance guarantees the faithful fulfillment of the obligations assumed by a company participant of biddings and Contracts of Indirect Implementation of Constructions, Services and Purchases of the Public Administration, as well as in
II. Non-compliance with the obligations of the insuree arising from acts or facts under the liability of the policyholder. III. Amendment of the contractual obligations guaranteed by this policy, which have been agreed between policyholder and insuree, without the prior consent of the insurance company. IV. Intentional illegal acts committed by the policyholder or his legal representative. 9.2. All and every punitive fines, except as otherwise provided in the special conditions, will be specifically excluded from the liability of the insurance company. 10. Competition of Guarantees In the case of being two or more guarantees, each of them covering the purpose of this insurance, the insurance company shall respond proportionally with the other participants. 11. Expiration of the Guarantee The guarantee given by this insurance shall expire: I. when the purpose of the main Contract guaranteed by the policy is finally performed by agreement or statement signed by the policyholder or return of the policy; II. when policyholder and insurance company so agree; III. with the payment of the compensation; IV. when the end of validity provided for in the policy, unless stated otherwise in the special conditions or when extended by means of endorsement, in the case of a change in the term of the main Contract. 12. Controversies 12.1. The disputes that arise from the application of these conditions may be resolved: I. by arbitration; or II. a measure of judicial nature. 12.2. In the case of arbitration, the commitment clause shall appear on the policy. 13. Expiration The expiration deadlines are those determined by the law. 14. The matters between insurance company and policyholder will be processed in the forum of its domicile. SPECIAL CONDITIONS 1. Specific Clause for Biddings and Contracts of Indirect Implementation of Constructions, Services and Purchases of the Public Administration, as well as for Concessions and Permissions of Public Service. 1.1 It is understood that this insurance guarantees the faithful fulfillment of the obligations assumed by a company participant of biddings and Contracts of Indirect Implementation of Constructions, Services and Purchases of the Public Administration, as well as in
Edital_Ingles_completo_11.03.13.docx