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n'r+ <br /> HISCQXC-Suite Crime Coverage Part <br /> Loss Discovered Policy <br /> C. the limit of liability applicable to the loss. <br /> However, solely with respect to any loss of other property directly resulting from an <br /> extortion,we will pay the lesser of: (1) its replacement cost without deduction for <br /> depreciation at the time such other property was surrendered, or(2)the limit of liability <br /> applicable to the loss. <br /> We will not make any payment on a replacement cost basis: <br /> i. until the lost or damaged property is actually repaired or replaced; and <br /> ii. unless the repair or replacement is made as soon as reasonably possible after the <br /> loss or damage. <br /> If the lost or damaged property is not repaired or replaced, we will pay on an actual cash <br /> value basis. <br /> We will, at our option, pay loss of or damage to property other than money in the currency of <br /> the country in which the loss or damage occurred or in the United States dollar equivalent. <br /> If you sustain a covered loss in a country outside of the United States or its territories or <br /> possessions,and you incur additional federal or state tax liability as a result of our payment <br /> in the United States rather than the country in which the loss was sustained, we will adjust <br /> the loss to compensate you for such tax liabilities. <br /> Any property we pay for or replace becomes our property. <br /> V. Your obligations <br /> Deductible A. Except for loss covered by Insuring agreement A.S. ERISA,we will have no obligation to <br /> make any payment under this Coverage Part unless the amount of the loss exceeds the <br /> applicable deductible.We will then pay the amount of loss in excess of the deductible, up to <br /> the applicable limit of liability. <br /> Notifying us of losses B. After you or an executive employee discovers a loss of, damage to, or a situation that may <br /> result in loss of or damage to, money, securities, or other property that, in your best <br /> estimate, would exceed 50%of the deductible, you must: <br /> 1. notify us as soon as possible after discovery of such loss, damage, or situation; <br /> 2. give us a detailed, sworn proof of loss within 120 days after your notification to us of <br /> such loss, damage,or situation; <br /> 3. cooperate with us in the investigation and settlement of any claim; <br /> 4. produce for our examination all pertinent records; <br /> 5. submit to examination under oath at our request and give us a signed statement of <br /> your answers; <br /> 6. secure all of your rights of recovery against any person or organization responsible for <br /> the loss and do nothing to impair those rights; <br /> 7. send us,within 60 days after our request, receipts, bills, or other records that support <br /> any claim for identity fraud expenses covered under Section II. Coverage <br /> enhancements, D. Identity fraud expenses;and <br /> 8. notify the local law enforcement authorities, but only if you have reason to believe any <br /> loss(except for loss covered under Insuring agreement A. Fidelity) involves a violation <br /> of law. <br /> Records C. You must keep records of all property covered by this Coverage Part so that we can verify <br /> the amount of any loss. <br /> Includes copyrighted material of <br /> Insurance Services Offices, Inc.,with its permission <br /> CSUCRI P0001A CW(12/22) Page 8 of 18 <br />