InsurAce Protocol
  • Welcome to InsurAce.io
  • V2 Updates
  • About InsurAce.io
    • Overview
      • Why InsurAce.io
      • What is InsurAce.io
      • Use Cases
      • Architecture
    • Cover Products
      • Product List
      • Smart Contract Vulnerability Cover
      • Stablecoin De-Peg Cover
      • Ethereum Slashing Cover
      • Bridge Cover
        • LI.FI Bridge Cover
      • Custodian Risk Cover
      • Post-Audit Cover
      • Risk Transfer Cover
      • Bundled Cover [Not Avaliable]
    • Protocol
      • Pricing Models
      • Capital Management
      • Risk Assessment
        • Security Rating Methodology
      • Governance
        • Data Publications
      • Investment
      • Mining
        • Staking Mechanisms
        • Staking Risks
    • Tokenomics
      • Token Buyback
    • Security
    • Roadmap
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  • Documentation
    • User Guide
      • Buy Cover Guides
        • General Guide
        • Ethereum Slashing Cover Guide
      • Claim Guides
        • General Guide
        • Ethereum Slashing Cover Guide
        • Evidence Checklist
      • Cancel cover
      • Launch DAPP & Connect Wallet
        • MetaMask Installation & Configuration
      • Claim Assessors
      • Advisory Board
      • Underwriting Mining (Stake & Unstake)
      • Liquidity Mining
        • UniSwap
      • Harvest Rewards
      • Token Bridge
        • Step 1: MetaMask installation & Configuration
        • Step 2: Bridge
        • Step 3: View Bridging Status
        • Step 4: Check Proof of Assets
      • Governance
        • Get veINSUR and veNFT
        • Unlock and Harvest
        • Submit Proposal
        • Cancel Proposal
        • Vote Proposal
        • Harvest Voting Rewards
        • Mining Pool Gauge
        • Cover Capacity Gauge
        • Committee Member Nomination
        • Committee Member Removal
    • Claim Records
    • Whitepaper
  • Developer Reference
    • Service Integration
      • APIs for service integration
      • Smart Contract ABI
      • UI integration
      • InsurAce.io APIs Docs
    • Smart Contract Addresses
  • PR & Marketing
    • Branding & Media Kit
  • External Links
    • Website
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  1. Documentation
  2. User Guide

Advisory Board

The Advisory Board shall only make a Claim Investigation Report containing the Advisory Board’s investigation findings, draw a conclusion, and make a payout proposal in respect of valid claims.

In the event the Claim Assessors failed to reach consensus, or there is an absence of Valid Votes, or the Claimant has Appealed his or her Claim, notwithstanding anything in the Cover terms to the contrary, the Advisory Board reserves the right and has sole and absolute discretion to make a final and conclusive determination on all matters in relation to any Claim or Appeal, including but not limited to the following:

  • whether the Claim or Appeal has been fully substantiated with sufficient proof of loss and proof of ownership for the InsurAce protocol to make a Cover Payout under the Terms;  

  • whether Claimable Loss was suffered in relation to a Claimable Risk Event; 

  • whether a Claimable Risk Event is considered to have occurred; and

  • whether the Claim or Appeal will be approved for Claim Payout, in part or in whole, or any ad-hoc or customized claim settlement plan as the Advisory Board deems fit.

Kindly read the terms and conditions of each cover before purchase to understand the full scope of the Advisory Board’s role in determining claims.

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Last updated 3 months ago

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