Championship Cancellation and Abandonment Insurance

57.1The Host shall, at its own expense, secure and maintain comprehensive insurance coverage with an insurer of recognized international standard to cover all risks of the ascertained net financial loss (revenue, costs) arising from any cancellation, abandonment, postponement, interruption, curtailment, or relocation of the Championship (in whole or in part).

57.2The Championship Cancellation Insurance provides cover for the risks of:

a.Cancellation: meaning the inability to complete the insured Championship prior to commencement;

b.Abandonment: meaning the inability to complete the insured Championship once commenced;

c.Postponement: meaning the unavoidable deferment of the insured Championship to another time;

d.Interruption: meaning a temporary delay in the completion of the insured Championship after it has been commenced;

e.Curtailment: meaning a reduction in the length of the insured Championship from that which was originally planned; and

f.Relocation: meaning the unavoidable removal of the insured Championship to another place due to any cause beyond the control of the Host or the IIHF.