|
n'r+
<br /> HISCQXC-Suite Crime Coverage Part
<br /> Loss Discovered Policy
<br /> in your transfer, payment, or delivery of money or securities.
<br /> Deductible means the amount stated as such under the Crime section of the Declarations.
<br /> Discover, discovered, or means when you or an executive employee first becomes aware of facts which would cause a
<br /> discovery reasonable person to believe a loss has been or will be sustained, regardless of whether the exact
<br /> amount or details of the loss is known.
<br /> Solely with respect to an extortion, discover, discovered, or discovery means when the threat is
<br /> first communicated to you or an executive employee.
<br /> Discover, discovered, or discovery also means the first receipt by you or an executive
<br /> employee of notice of an actual or potential claim in which it is alleged that you are liable to a third
<br /> party under circumstances which would constitute a loss under this Coverage Part.
<br /> Employee means any:
<br /> 1. natural person:
<br /> a. while in your service;
<br /> b. whom you compensate directly by salary,wages,or commissions; and
<br /> C. whom you have the right to direct and control while performing services for you;
<br /> 2. natural person independent contractor who is contracted by you to perform services or
<br /> provide goods for or on your behalf;
<br /> 3. natural person who is leased to you or who is your temporary employee;
<br /> 4. natural person who is a former employee, partner, member, manager, director, or trustee
<br /> retained as a consultant while performing services for you;
<br /> 5. natural person who is a student, volunteer,or intern performing services for you;
<br /> 6. natural person who is your manager, director,or trustee while performing acts within the
<br /> usual duties of an employee;
<br /> 7. natural person who is a non-compensated officer of an insured;
<br /> 8. natural person who is a committee member of an insured; or
<br /> 9. person described in parts 1 through 8 above while on military, disability,family, medical, or
<br /> similar leave.
<br /> Coverage under this Coverage Part will apply to any employee for the first 60 days immediately
<br /> after their termination, unless such termination is due to theft, forgery, or any other dishonest act
<br /> committed by the employee.
<br /> Employee does not include any agent(regardless of whether there is a written agreement as
<br /> specified in the definition of vendor), broker,factor, commission merchant, consignee,
<br /> representative, or person in a similar position unless specified in 1 through 9 above.
<br /> Erroneous funds transfer means the accidental and erroneous transfer of money or securities to an unauthorized account
<br /> resulting directly from the inputting of an inaccurate account number, routing number, or other
<br /> identifier for the account to which the money or securities are intended and authorized to be
<br /> transferred. Erroneous funds transfer does not include the accidental and erroneous transfer of
<br /> money or securities to an unauthorized account as the result of a cyber deception.
<br /> Executive employee means your proprietor, natural person partner, member of the board of directors, member of the
<br /> board of trustees, member, manager, officer, and any employee in a risk management,general
<br /> counsel, insurance, or human resources department or function.
<br /> Solely with respect to Insuring agreement A.S. ERISA, executive employee also includes a
<br /> fiduciary.
<br /> Solely with respect to Section II. Coverage enhancements, D. Identity fraud expenses, executive
<br /> employee also includes any spouse, child under the age of 18, or relative living in the household of
<br /> the executive employee.
<br /> Includes copyrighted material of
<br /> Insurance Services Offices, Inc.,with its permission
<br /> CSUCRI P0001A CW(12/22) Page 12 of 18
<br />
|