Insuring agreement clause samples

D.Exclusion (i) does not apply to loss covered under the Customer Funds Transfer Fraud Insuring Agreement. All other provisions of the bond remain unchanged.

The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this Bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other provisions of this Bond. Recovery for any Single Loss may not be made under more than one Insuring Agreement. If any Single Loss covered under this Bond is recoverable or recovered in whole or in part because of an unexpired discovery period under any other bonds or policies issued by the Underwriter to the Insured or to any predecessor in interest of the Insured, the maximum liability of the Underwriter shall be the greater of either (1) the applicable Limit of Liability under this Bond, or (2) the maximum liability of the Underwriter under such other bonds or policies.

Insuring Agreement(s) Limit of Insurance Per Occurrence Deductible Amount Per Occurrence 1. Fidelity $1,850,000 $5,000 2. On Premises $1,850,000 $5,000 3. In Transit $1,850,000 $5,000 4. Forged or Altered Instruments $1,850,000 $5,000 5. Forged, Altered Or Counterfeit Securities $1,850,000 $5,000 6. Counterfeit Money $1,850,000 $5,000 7. Computer Fraud $1,850,000 $5,000 8. Voice Initiated Transfer Fraud $1,850,000 $5,000 9. Telefacsimile Transfer Fraud $1,850,000 $5,000 0. Uncollectible Items of Deposit $100,000 $5,000 1. Audit and Claims Expense $100,000 $5,000 Coverage is provided only if an amount is shown opposite an Insuring Agreement. If the amount is left blank or "Not Covered" is inserted, such Insuring Agreement and any other reference thereto in this policy is entirely deleted.

(i)"Certificated securities" listed in a proof of loss shall be identified by certificate or bond number if such securities were issued therewith. (ii)Proof of loss involving voice initiated transfers covered under Insuring Agreement 8. shall include verification of the callback, as required in Paragraph 8.b. of the Insuring Agreement. (iii)Proof of loss involving telefacsimile transfers covered under Insuring Agreement 9. shall include a copy of the instruction received through the "telefacsimile device" or "computer system". b. Legal proceedings for the recovery of any loss under this policy shall not be brought after the expiration of 24 months from the date of "discovery" of such loss.

Coverage is provided only if an amount is shown opposite an Insuring Agreement. If the amount is left blank or "Not Covered" is inserted, such Insuring Agreement and any other reference thereto in this policy is deleted.

c."Items of deposit" shall not be deemed uncollectible until after your collection procedures have failed. 11.Audit And Claims Expense a.We will pay for reasonable expenses incurred by you with our prior written consent: (1)For that part of the cost of audits or examinations conducted by independent accountants or auditors to determine the amount of loss that you sustained through dishonest or fraudulent acts committed by an "employee" that are covered under Insuring Agreement 1.; and (2)That are directly related to the preparation of a proof of loss in support of a claim covered under Insuring Agreement 1. b.Any expenses covered under this Insuring Agreement will be paid only after settlement of the covered loss under Insuring Agreement 1. c.We shall have no liability to pay any such expenses under this Insuring Agreement, if the amount of the covered loss under Insuring Agreement 1. does not exceed the Deductible Amount applicable to that Insuring Agreement. B.Limit Of Insurance 1.The most we will pay for all loss (exclusive of court costs and attorneys' fees paid by us as provided under Condition 8.c.) resulting directly from an "occurrence" is the applicable Limit of Insurance shown in the Declarations. 2.If any loss is covered under more than one Insuring Agreement or Coverage, the most we will pay for such loss shall not exceed the largest amount available under any one of those Insuring Agreements or Coverages. However, Paragraph B.2. shall not apply to expenses covered under Insuring Agreement 11.