FERGUSON GROUP 2 - 2004 - Laserfiche WebLink

Home Browse Search

FE-6464 (9/90) POLICY ENDORSEMENT (Business) SECTION I PROPERTY COVERAGES In all policies, under PROPERTY NOT COV- ERED, item 11. is replaced by the following: 11. trees, plants, lawns and shrubs other than those you own as merchandise held in storage or for sale, except as provided in the Extensions of Coverage; or In SPECIAL FORM 3 policies only, under PROP- ERTY SUBJECT TO LIMITATIONS, item 10. is deleted and item 3.d. is replaced by the following: d. $250 for stamps, tickets and letters of credit, except as provided in the Money and Securities Optional Coverage; SECTION I OPTIONAL COVERAGES In all policies, the following is added to OP- TION ED - Employee Dishonesty: 10. When used in the provisions of this Op- tion ED, "employee" means any natural person who receives compensation for working in your regular service in the ordinary course of your business as well as your directors and officers whether compensated or not, except while per- forming outside the scope of the normal duties of such directors and officers. But this does not include any broker, con- signee, contractor or other agent or rep- resentative of the same general character. In all policies, the following is added to OPTION MO - Money and Securities: 6. When used in the provisions of this Op- tion MO: a. "money" means: (1) currency, coins and bank notes in current use and hav- ing a face value; FE-6464 (9/90) (CONTINUED) (2) travelers checks, register checks and money orders held for sale to the public; b. "securities" means negotiable and nonnegotiable instruments or con- tracts representing either "money" or other property and includes: (1) tokens, tickets, revenue and other stamps in current use represented by either actual stamps or unused value in a meter; (2) evidences of debt issued in connection with credit or charge cards which are not issued by you; but does not include "money". SECTION I AND SECTION II COMMON CONDITIONS In all policies, the Premiums Common Condition is replaced by the following: 9. Premium Audit. The first Named In- sured shown in the Declarations is re- sponsible for the payment of all premiums and will be the payee for any return premiums we pay. The premium shown in the Declarations is a deposit premium only. At the close of each audit period, we will compute the earned premium for that period. Audit premiums are due and payable on no- tice to the first Named Insured. If the sum of the deposit premium shown in the Declarations and the audit premium paid for the policy term is greater than the earned premium, we will return the ex- cess to the first Named Insured. We will compute all premiums for this policy in accordance with our rules and rates. The first Named Insured must keep records of the information we need for premium computation and send us copies at such times as we may request. All other policy provisions apply.