【正文】 the risk of loss or damage is increased. After termination of the Policy, the premium shall be refunded to theInsured calculated on pro rata daily basis for the period from the date oftermination to the date of expiry. 4. Policy Cancellation This Policy may be canceled at any time at the request of the Insuredin writing or at the option of the Company by giving a fifteen (15) daysprior notice to the Insured. In the former case the Company shall retain apremium calculated on short term rate basis for the time the Policy hasbeen in force while in the latter case such premium shall be calculated onpro rata daily basis. 5. Forfeit of Benefit If the claim is in any respect fraudulent, or if any fraudulent meansor devices are used by the Insured or his representative to obtain anybenefit under this Policy or if any loss or damage is occasioned by theintentional act or in the connivance of the Insured or his representative,then in any of these cases, all the rights and benefits of the Insuredunder this Policy shall be forfeited, and all consequent losses arisingtherefrom including the amount of claim paid by the Company shall beindemnified by the Insured. 6. Reasonable Inspection The representative of the Company shall at any suitable time beentitled to attend the site and inspect or examine the risk explosure ofthe property insured. For this purpose, the Insured shall provide fullassistance and all details and information required by the Company as maybe necessary for the assessment of the risk. The above mentionedinspection or examination shall in no circumstances be held as anyadmission to the Insured by the Company. 7. Double Insurance Should any loss, damage, expenses or liability recoverable under thePolicy be also covered by any other insurance, the Company shall only beliable to pay or contribute his proportion of the claim irrespective as towhether the other insurance is arranged by the Insured or others on hisbehalf, or whether any indemnification is obtainable under such otherinsurance. 8. Subrogation Where a third party shall be held responsible for the loss or damagecovered under this Policy, the Insured shall, whether being indemnified bythe Company or not, take all necessary measures to enforce or reserve theright of recovery against such third party, and upon being indemnified bythe Company, subrogate to the Company all the right of recovery, transferall necessary documents to and assist the Company in pursuing recoveryfrom the responsible party. 9. Dispute All disputes under this insurance arising between the Insured and theCompany shall be settled through friendly negotiations. Where the twoparties fail to reach an agreement after negotiations, such dispute shallbe submitted to arbitration or to court for legal actions. Unlessotherwise agreed, such arbitration or legal action shall be carried out inthe place where the defendant is domiciled. VII. SPECIAL PROVISIONS The following provisions shall be applied to all parts of this Policyand shall override the other terms and conditions of this Policy if anyconflict arises. PROPERTY INSURANCE POLICY Policy No.: WHEREAS THE INSURED named in the Schedule hereto has made to the______ Insurance Company (hereinafter called the Company) a writtenProposal which together with any other statements made by the insured forthe purpose of this Policy is deemed to be incorporated herein and haspaid to the Company the premium stated in the Schedule. NOW THIS POLICY OF I