We refer to the captioned matter and our correspondence in requesting further documentation and information.
Upon review on the document and information at our hand, we understand that the Insured first became aware of this circumstance on 11 April 2014 by notice letter and subsequently received a lawsuit on 16 June 2014 from Solventia Solar.
ACE was first notified this matter on 3 July 2015 from you with attaching court judgment dated 30 April 2015 ordered the Insured to pay for the negligent of professional service at THB 224,840 plus interest rate at 7.5% per annual and indicated for a lawyer fees at THB 4,000.
Subject to the Claim Conditions under the Policy which “the Insured must as soon as practicable, but always no later than 60 days after the termination of this Policy (the expiring date of the policy is 10 March 2015), the Insured must give ACE notice in writing of any Claim first made against any Insured during the Period of Insurance.”
We therefore would like to ask for your kind assistance to obtain a clarification from Insured for a necessary reason of late claim notification to us.
We also would like to have the latest status of this case whether the Insured file the appeal to the Court.
Please confirm if there is any incurred defence costs to the Insured or not.
Please note that this position is given on the basis of the information provided and subject to the assumptions and caveats set out in this e-mail. We fully reserves our right to change our position should any further information come to light in due course or if the assumptions adopted in this e-mail prove to be incorrect. We also fully reserves our right generally under the policy and at law.