1. Purpose and cover of the policy
A. OBJECT OF THE INSURANCE
The insurer undertakes to pay the sum insured and / or arrange for the benefits established in the policy's special conditions and schedule, if the risk or risks for which cover has been contracted, occur within the scope of the policy, and subject to the exceptions stipulated ( in accordance with the indications stipulated in Section B, basic policy cover and Section C, additional insurance cover of the present Article).
Except where otherwise expressly stated in the special conditions or schedule, the policy is established on a first loss basis. That is, in the event of the occurrence of any event subject to cover, whether basic or additional, the insurer will assume the consequences provided for under the policy for said risk, and the policy will be cancelled from that time on, with the exception of the cover for serious illnesses.
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