It seems to me that the Waiver of Excess Clause that you quote does achieve this.
2
在汽车险或财产险等非寿险合同中,有两类常见的保险条款:免赔额条款和赔偿限额条款。
In the auto insurance or property insurance and other non-life insurance contracts, there are two types of common insurance terms: Deductible terms and the terms of compensation limit.
Insurers often stipulate deductible amount, coinsurance clause and limit of liability in their contracts, so as to the directors and officers carry one part of the losses and costs.