nuclear exclusion
(1) A provision or endorsement found in or attached to virtually all property
policies (other than the specialty policies designed to cover loss as a result
of nuclear radiation). Eliminates coverage for loss or damage from nuclear reaction
or radiation or radioactive contamination, except that ensuing fire is explicitly
covered. (2) A provision or endorsement found in or attached to virtually all
commercial lines liability policies. The standard broad form nuclear energy
exclusion most often attached to liability policies (IL 00 21) precludes coverage
only for liability insured under a nuclear energy liability policy or for which
indemnity is available from the U.S. government. The exclusion does not normally
apply to liability arising from radioactive isotopes, the most common commercially
used nuclear materials.
Links for IRMI Online Subscribers Only:
CAI XII.C;
CLI V.M;
CPI V.T;
PRMI 5.D,
11.C