Commercial Crime

OPERATIVE CLAUSE

has made to us the Insurers who have hereto subscribed our names (hereinafter Insurers) the proposal which together with which may have been supplied is hereby agreed to be the basis of the contract of insurance evidenced by this Policy and is deemed to be incorporated herein and has paid to Insurers the premium specified in the Schedule, Insurers agree to indemnify the Insured, subject to the terms, conditions, and limitations of this Policy for Loss resulting from any Insured Event which occurs on or after the Retroactive Date specified in the Schedule and is Discovered by the Insured during the Period of Insurance.

A. INSURED EVENTS

B. DEFINITIONS

C. EXCLUSIONS

Insurers shall have no liability for Loss or costs:

D. LIMIT OF INDEMNITY AND FIRST AMOUNT PAYABLE

1. The liability of the Insurers for all Losses shall not exceed the as stated in the Schedule whether involving any one Employee or third party or any number of Employees or third parties acting in collusion or independently of each other and the Limit of Indemnity is the total aggregate amount of the indemnity for which the Insurers shall be liable during any one Period of Insurance for all legal persons and events insured under this Policy and payment of the total Limit of Indemnity in any one Period of the Insurance by way of indemnity to one or more of such insured persons shall discharge the Insurers’ liability in respect of all insured persons and events under this Policy for that Period of Insurance. Renewal of this insurance from period to period or any extension of any Period of Insurance shall not have the effect of accumulating or increasing the liability of the Insurers beyond the Limit of Indemnity stated in the
2. If the or First Amount Payable shall be increased at any time such increase amount shall apply only to Insured Events committed after the date of such increase unless otherwise agreed by the Insurers in writing.

E. CLAIMS CONDITIONS

F. GENERAL CONDITIONS

G. Clauses and Extensions

Subject: 
Commercial Crime