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B. COUNTERFEIT CURRENCY AND MONEY <br />ORDERS COVERAGE <br />1. Covered Property <br />Covered Property means the following: <br />We will pay for loss directly resulting from <br />a. Money orders, including counterfeit money <br />orders, of any United States or Canadian <br />post office, express company or national <br />or state (or Canadian) chartered bank that <br />are not paid upon presentation; and <br />b. Counterfeit United States or Canadian <br />paper currency. <br />2. Covered Causes of Loss <br />Covered Causes of Loss means the <br />acceptance of Covered Property in good faith, <br />in exchange for merchandise, money or <br />services, during the regular course of <br />business. <br />3. Exclusions <br />The following Exclusion applies in addition to <br />the Exclusions in the Crime Common <br />Conditions and Exclusions. <br />a. We will not pay for loss resulting from any <br />dishonest or criminal act committed by any <br />of your "employees" , directors, trustees or <br />authorized representatives: <br />(1) Acting alone or in collusion with other <br />persons; or <br />(2) While performing services for you or <br />otherwise. <br />Page 2 of 2 <br />b. We will not pay for loss resulting from the <br />giving or surrendering of property in any <br />exchange or purchase. <br />c. We will not pay for loss resulting from <br />your, or anyone acting on your express or <br />implied authority, being induced by any <br />dishonest act to voluntarily part with title to <br />or possession of any property. <br />C DEDUCTIBLE <br />We will not pay for loss in any one Occurrence <br />unless the amount of loss exceeds the <br />Deductible stated in the Declarations. We will <br />then pay the amount of loss in excess of the <br />Deductible, up to the Limit of Insurance. <br />D. LIMIT OF INSURANCE <br />The most we will pay for each Occurrence of loss <br />under this Endorsement is the Forgery Limit of <br />Insurance stated in the Declarations. <br />The Additional Coverages are included in this Limit <br />of Insurance. <br />E. OCCURRENCE DEFINITION <br />1. For Forged or Altered Instruments Coverage, <br />Occurrence means all loss caused by any <br />person or in which that person is involved, <br />whether the loss involves one or more <br />instruments of Covered Property. <br />2. For Counterfeit Currency and Money Order <br />Coverage, Occurrence means an: <br />a. Act or series of related acts involving one <br />or more persons; or <br />b. Act or event, or series of related acts or <br />events not involving any person. <br />ew cF RAMwagementDMsian <br />Jy/\'x REVIEWED & APPROVED BY.- <br />v <br />--� Risk Pjanagement Analyst <br />