design defect exclusion

A provision in some umbrella policies and some older commercial general liability policies, excluding coverage for bodily injury arising from the failure of the insured’s product to perform its intended function because of a defect or deficiency in its design, formula, specifications, instructions, or advertising materials. [Cases: Insurance 2278(21).]

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词条贡献者

双语律师William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。