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Honey Bee Insurance

The Policy covers beehives and/or colonies belonging to co-operative societies or individual and protects them against accidental loss or damage. Theft risk is covered on payment of additional premium. The main exclusions are loss of production, intentional destruction, theft and clandestine sale, malicious or willful act or neglect or improper management, nuclear and war perils.

Honorable Undertaking

A phrase in some reinsurance agreements, usually in the following context “This agreement is considered by the parties hereto as an honorable undertaking, the purpose of which is not to be defeated by a strict or narrow interpretation of the language thereof.”