LOSS PAYABLE CLAUSE

The insurance to which this loss payable clause has been attached has been assigned by …………….. in favor of and pursuant to the term of such assignment any and every sum receivable in respect of such insurance is to be paid direct to the assignee provided however that until the assignee give notice to the contrary  and every sum receivable by the insured in respect of a claim or an aggregate of related claims not exceeding US$/ IDR. ………… may be paid direct to the insured.

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