SANTA ANA GOLF, LLC (COURSECO, INC.)

Home Browse Search

n'r+ HISCQXC-Suite Crime Coverage Part Loss Discovered Policy 6. If this Coverage Part is canceled as to any insured, loss sustained by that insured will be covered under this Coverage Part only if it is discovered by you or an executive employee pursuant to the rules contained in subsection D. Extended period to discover loss below. Examination of your books B. We may examine and audit your books and records as they relate to this Coverage Part at and records any time during the policy period and up to three years afterward. Excluded countries for C. We will have no obligation to pay any sums under this Coverage Part for any extortion which extortion involves a threat to: (i) inflict bodily injury to any person(s)who was captured or allegedly captured in; or(ii)damage a premises or any property within a premises located in,any of the countries listed in the Excluded Countries- Extortion endorsement attached to this Coverage Part. Extended period to discover D. If this Coverage Part or any Insuring agreement is canceled as to any insured, or any loss subsidiary ceases to be a subsidiary,we will still pay for loss that the insured sustained prior to the effective date of cancellation, or the date the subsidiary ceased to be a subsidiary, provided the loss is discovered by you or an executive employee no later than: 1. 60 days after the date of the cancellation or change in ownership or control of the subsidiary, provided this extended period to discover loss will terminate immediately on the effective date of any other similar insurance obtained by that subsidiary, so long as such other insurance provides coverage for loss sustained prior to its effective date; or 2. one year after the date of the cancellation with regard to any employee benefit plans under Insuring agreement A.S. ERISA. Inventory shortages E. If you claim any loss which: 1. involves property contained in any money operated device,we will not be obligated to pay any sums under this Coverage Part for such loss unless the amount of money deposited in the device is recorded by a continuous recording instrument in the device. 2. is dependent on an inventory computation or a profit and loss computation in order to establish its existence or the amount of the loss, we will not be obligated to pay any sums under this Coverage Part for such loss unless you establish apart from such computations that you have sustained a loss. You may offer your inventory records and actual physical count of inventory in order to establish such loss. Joint insured F. 1. If the named insured is no longer covered under this Coverage Part, then the subsidiary with the most employees will have the sole responsibility for acting on behalf of all other insureds with respect to the obligations described in this Section V. Your obligations. 2. Any knowledge possessed by one insured will be imputed to every other insured. 3. An employee of any insured is considered an employee of every insured. 4. We will only be obligated to pay up to the applicable limit of liability for any covered loss under this Coverage Part, regardless of the number of insureds who sustain the loss, except in the event the loss is sustained by more than one employee benefit plan under Insuring agreement A.S. ERISA. 5. Payment by us to the first named insured (or employee benefit plan if applicable under Insuring agreement A.S. ERISA)for loss sustained by you will fully release us from our obligations with respect to that loss. Legal action against us G. You may not bring any legal action against us involving any loss: 1. unless you have complied with all of the terms of this policy; 2. until 90 days after you have filed a proof of loss with us; and 3. unless brought within two years from the date you or an executive employee discovered the loss. Includes copyrighted material of Insurance Services Offices, Inc.,with its permission CSUCRI P0001A CW(12/22) Page 17 of 18