Motor Underwriting Underwriting Guidelines 2012_CGS v1.0

ABA8223
Published on November 3, 2014

Motor Underwriting Guidelines – 15 Sept 2012_CGS Page 2 MOTOR UNDERWRITING GUIDELINES 1.0 REFERRED RISKS 1. All type of vehicles on Third Party Cover 2. Private Car above 3,000 cubic capacity 3. Sum Insured above RM200,000 4. Additional benefits to cover flood and SRCC (Strike Riot Civil Commotion) 5. Vehicles owned by Foreign Diplomats/ Embassies 6. All type of motorcycle and its Cover (Comprehensive, Third Party etc) 7. All type of Commercial Vehicle and its Cover (Comprehensive, Third Party etc) e.g. Permit A, Permit C, Motor Trade, Buses etc 8. Vehicles above 20 years on Comprehensive Cover 9. Vehicles used for Tuition purposes 10. Vehicles used for Reliability test 11. (L) Driving License Holders 12. Insured with adverse claims experience i.e. 2 accidents or more in a year 13. Persons with traffic conviction i.e. Section 40 (1) (speeding) 41 (causing death by reckless or dangerous driving, 43 (careless and inconsiderate driving), 44 (driving under the influence of drink or drugs) 14. Antique Vehicles 15. High Performance Vehicles i.e. Turbo Charger, Modified Vehicles where modifications are for the purposes of speed and/or acceleration beyond the manufacturers’ specif ications 16. Sport Cars i.e. designed as 2 seaters or designed for speed e.g. Porsche, Ferrari, Lamborghini 17. Age of vehicle 0 to 3 years for the following Hot Models: - For Both East and West Malaysia Revised Term Make / Models Years Remark a) Toyota Harrier*/Lexus SUV 0 – 3 Refer Underwriter b) Toyota Hilux* c) Toyota Cygnus d) Toyota Fortuner e) Toyota Landcruiser f) Toyota Prado g) Toyota Camry h) Isuzu D-max i) Ford Ranger j) Nissan Frontier k) Mitsubishi Storm l) Mitsubishi Triton *Harrier / Lexus SUV and Hilux are subject to installation of tracking device before cover granted. A copy of receipt / invoice/ certificate of installation must be obtained.