HomeMy WebLinkAbout1999-10-26; City Council; Resolution 99-4731
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RESOLUTION NO. 99-473
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, REQUIRING BONDS OF ALL
OFFICERS AND EMPLOYEES NOT REQUIRED BY STATE
STATUTE TO PROVIDE BONDS, AUTHORIZING PROVISION OF
ALL REQUIRED BONDS BY A MASTER OFFICIAL BOND,
ESTABLISHING THE AMOUNT, FORM, AND TERM OF THE
BOND, AND APPROVING THE MASTER OFFICIAL BOND
WHEREAS, Government Code Section 1481(b) allows the City Council
adopt a resolution approving coverage of all officers and employees required to give
bond, under one master bond; and
WHEREAS, a resolution approving coverage of all officers and
employees required to give bond, under one master bond, enhances administrative
efficiency; and
WHEREAS, Government Code section 36519 authorizes the City Counc
to require bonds, including faithful performance bonds, of those officers and employec
who are not otherwise required by state statute to provide bonds; and
WHEREAS, Government Code sections 1480, 1481 and 3651 9 require
the City Council to specify the form, amount and term of such bond, including
allowance for satisfaction of all bond requirements by a “master official bond”; and
WHEREAS, Government Code section 36520 requires the City Council.
approve such bond; and
WHEREAS, Government Code section 3651 8 requires the City Council ’
receive the recommendation of the City Attorney with regard to, and then establish the
amount of, such bond with regard to the City Clerk, City Treasurer and Finance
Director; and
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WHEREAS, the City Attorney has recommended satisfaction of such
bond requirements with a master official bond in the amount of $1 million (one millic
for the specified officers and all other officers and employees,
NOW, THEREFOREl be it resolved:
1. The above recitations are true and correct.
2. That ail other officers and employees not required by state law to
provide bonds shall provide bonds, in addition to the officers specified in Carlsbad
Municipal Code section 2.08.040.
3. All requirements for individual or other bonds required by state law
City ordinance or this resolution may be satisfied by coverage by a “master official
bond”.
4. The amount of the master official bond shall be $1 million (one
million).
5. The form of the bond shall be a master official bond for honesty an
the faithful performance of the duties imposed on the officer or employee, covering ’
breach of any of the conditions of the bond, including but not limited to the faithful
discharge of all duties of the position added by law after execution of the bond, by tt
officer or employee covered, or any deputy, clerk or employee of the officer or
employee covered (except as specified in Government Code section 1504(b)).
6. The term of the bond shall be one year from execution of the bond
the Finance Director, who is hereby authorized and directed to execute the bond on
behalf of the City, and pay the premium for said master official bond for all officers a
employees covered.
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7. That the master official bond, attached hereto marked Exhibit “A’, i
hereby approved, and the City Clerk is hereby authorized and directed pursuant to
Government Code section 36520 to file the master official bond in the office of the (
Clerk.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Ci
Council of the City of Carlsbad held on the 26th day of October
1999 by the following vote, to wit:
AYES: Council Members Lewis, Hall, Finnila, Nygaard and Kulcl
NOES: None
ABSENT: None
CWUDE A. LEWIS,Wavor
/
AHTHAvRMTE&dl?ANZ, City Clerk Karen R. Kundtz, Assistant City Clerk
(SEAL)
3
I -
CRIME POLICY DECLARATIO~S - EXHIBIT 4-
FORM A ... Exhibit “A” on Resolutj
-* Number 99-473
This Policy consists of this Declarations Form, theeommon Policy Conditions, the Crime General Provisions Form anb the
“-e Forms indicated as applicable.
Policy No. 606 96 43” 1
This Policy Issued’by: 0 Fidelity and Deposit Company of Maryland ’ - 0 Fidelity and Deposit Company
.. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE WIT1
PROVIDE THE INSURANCE AS STATED IN THIS POLICY.
1. NAMED INSURED: . CITY op CARLSBAD f CARLsBAD PARISBIG AUTHORITp CBLSBAD BUILDIXG
AUT€iO€UTY 6 BOUSING AND REDKv&LO~~ SSIO” CAaLSflAD n >-
0 v, k
UI a U
0 - REBZVELOP”I AGENCY) Ldsbq4 m-i- wc&r >;sky&
z 2. MAILING ADDRESS: 1200 Carlsbad Village Drive, CarLsbad, San Diego,CA 92005
(No.. Street. Town or City. County. Slate. Zip Code) (.i:-,L $L.yj!,2 +j.,:&:: &,:? )
3. POLICY PERIOD: From April i6, 1989 to Until Cancelled
(12:Ol A.M. Standard Time at your mailing address shown above)
4. COVERAGE, LIMITS OF INSURANCE AND DEDUCTIBLE
Coverage Forms Forming Part of this Policy %., limit of Insurance Oeductiblf
$-
$-
FORM A - Employee Dishonesty Coverage Form $
c <.- FORM B - Forgery or Alteration Coverage Form $ FORM C --.Theft, Disappearance, and Destruction Coverage Form
“4 Section 1. - Inside the Premises .................................. $ - ,$ -
$. -
.... Section 1. - Inside the Premises .................................. $ ’$ -
Section 2. - Outside the Premises .. -;a .................. i.. ....... $ $-
- - ................................ - - .................................
Section 2. - Outside the Premises $ - .................................
FORM D - Robbery and Safe Burglary Coverage Form - -
Additional Coverage Forms
FOB3f 0 - Public F;mpioyee Disbonesty Coverage Borm $ 1,500,000. $ 25,0( s $L 8 $-
$ s-
5. ENDORSEMENTS FORMING PART OF THIS POLICY WHEN ISSUED: ..
F668a, Rider A
BS;I(pTER’S c.gpy
6. CANCELLATION OF PRIOR INSURANCE: By acceptance of this Policy you give us notice cancelling prior policy I
Nos. L Y EI,a the cancellation to be effective at the time this Policy becomes el
COUNTERSIGNED 4-/3 -7-9 BY
h (Date)
-5=+”
CCC-6900 (ED. 1-87) lmlub c~gjrighted mMal ~f lmuran~e sen ice^ offi~e, I=, rrith b ~amissi~n. Coplright ln~~ran~e saviCes offi# ‘W
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ME0 INSURED: ' City of CadSbad, Carlsbad Parkbrg AuthariLy etal
POLICY NUMBER: CCP 6069693
COMMERCIAL CRlhE
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
POLICY CHANGE .
(LOSS SUSTAINED FORM)
Policy Change No. 3 Date of Issua: w3199
Effsctiva Date of Change: 12:Ol AM. 4/16198
A. SCHEDUW '
0 I. me Named Insured Is changed to:
0 2. lM fallwing. Insumd(s) is added as a N8med Insured:
0 3. The following fnsured(s) is.deleted as a Named hvwred:
e
, 0 4. The Mailing Address is changed to:
5. The Poky Pericdis: extended to or reduced to
El 6. The following Coverage Fm(s) is 0 Added b the Poky
13 Deleted from the Policy
Changed as respects the Limit&) of Insurance and/or Deductible Amount@)
Limit Or Insurance
Caveragefarm Umit of Insurance or Won f section2 S s %.
Covsrage Form D6ductibleAmount Or
Dd~bleAmount Sectlon 1 Section 2
$ 8 s
El 7. The following Endmment(s) is:
El Added to the Pdicy
Cl Deleted frwn the Poky
Changed as respects the Limit@) of Insurance
Limit of Insurance
Endoeanent Limtof Insun- or Section 1 Section 2
CR 10 44 d2 93 $ f,OoO,Oao.W
CR10640598 $* $
lnfiomratan requted to mplete this Schedule, if not shm on this Endorsement, will be shown in the Declarations.
CR 50 01 04 97 Copyright, Insurance Services Office, Inc., 1996 Page 1 of 2
Copyright, The Surety Association of America, 1996
CR-A-1
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COMMERCIAL CRIME
MIS ENDORSEMEN CHANGES THE POLICY. PLEASE READ IT CAREFULLY-
ADD FAITHFUL PERFORMANCE OF DUTY
This endorsement applii only b PUBUC EMPLOYEE OlSHONESN COVERAGE FORM 0 or P.
PROVlSloNS
1. The follawtng is added as a hered Cause of Loss:
failure of any "employee" to hitttfutly perforin his OT her duties as prescribed by law, when such failure has as its direct
and immediate result a loss of ywr Covered Property.
2 The following Additionaffxdusion is added:
Depoeltory failure: lass resulting from the failure of any entrty acting as a depsitoty lbr your property or pmperty for
which you am respcnsible.
3. Part D.Za(1) of the Coverage Form is deleted and the following substituted;
Immediately upon discovery by you or any offidal or employee authorized to manage, govem or canlrol your employees
of any act on the part of an "employee" vhether before or aftef becoming employed by you which would constitute a loss covered under.the terms ofthis Coverage Form, as amended by this endorsement
4. Part D.2.c ofthe Coverage Fm is deleted and the following substituted:
Indemnificati6n: We will indemnify any of your 4ffidaIs who are required by law to give bonds for the faithful perform-
ance of ihdr ervjce against lois through the failure of any "employe"' under the supervision of that afhcial to faiifully perform his or her duties as presaibed by law, when such faiim has as its direct and immediate mult a loss of your covl?red Propel$/,.
5. Coverage under this endorsement is limited to $1,000,000.00 this is part of
and not in addition to the Wit of insurance covered under the policy.
CR 1044 12 93
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NAMED INSURED: City of Catisbad, Cakbad Parking Authority
POLICY NUMBER: CCP 6069693
COMMERCIAL CRIME
MIS ENDORSEMENT CHANGES ME POLICY. PLEASE READ IT CAREFULLY.
POLICY CHANGE
(LOSS SUSTAINED FORM)
Policy Change No. 2 RECEIV
Date of Issue: 01/27/99
Effective Date of Change: 12:Ol AM. 4/16/98 FEB 0 2
A. SCHEDULF
0 1. The Named Insured is changed to:
2. The following Insured@) is added as a Named Insured:
3. The following Insured(s) is deleted as a Named Insured:
~~ ~
0 4. The Mailing Address is changed to:
17 5. ThePolicv Perid is: extended to or reduced to
Cl 6. The following Coverage Form(s) is:
0 Added to the Policy
Deleted from the Policy
0 Changed as respects the Limit@) of Insurance andor Deductible Amount@)
Limit Of Insurance
Coverage Form Limit of Insurance or Section 1 Section 2
$ $ $
Deductible Amount
Coverage Form Deductible Amount or Section I Section 2
$ $ $
El 7. The following Endorsement@) is:
El Added to the Policy
0 Deleted from the Policy
0 Changed as respects the Limit(s) of Insurance
Limit of Insurance
Endorsement Limitof Insurance or Section 1 Section 2
CR10441293 $
CR10640598
$ $
* Information required to complete this Schedule, if not shown on this Endorsement, will be shown in the Declarations.
CR 50 01 04 97 Copyright, Insurance Services Office, Inc., 1996
Copyright, The Surety Association of America, 1996
CR-A-1
Page 1 0'
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COMMERCIAL CRll
MIS ENDORSEMENT CHANGES ME POLICY. PLEASE READ IT CAREFULLY.
ADD FAITHFUL PERFORMANCE OF DUTY
This endorsement applies only to PUBLIC EMPLOYEE DISHONESTY COVERAGE FORM 0 or P.
PROUSIONS
1. The following is added as a Covered Cause of Loss:
Failure of any "employee" to faithfully perform his or her duties as prescribed by law, when such failure has as its dirc
and immediate result a loss of your Covered Property.
2. The following Additional Exclusion is added:
Depositoty Failute: loss resulting from the failure of any entity acting as a depository for your property or property
which you are responsible.
3. Part D.2.a.(l) of the Coverage Form is deleted and the following substituted:
Immediately upon discovery by you or any official or employee authorized to manage, govern or control your employe
of any act on the part of an "employee" whether before or after becoming employed by you which would constitutc
loss covered under the terms of this Coverage Form, as amended by this endorsement
4. Part D.2.c. of the Coverage Form is deleted and the following substituted:
Indemnification: We will indemnify any of your officials who are required by law to give bonds for the faiiful perfor
ance of their service against loss through the failure of any "employee" under the supervision of that official to faithfi
perform his or her duties as prescribed by law, when such failure has as its direct and immediate result a loss of yc
Covered Property.
-.
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CR 10 44 12 93
w NOTICE TO POLICYHOLDER W
NO COVERAGE IS PROVIDED BY THIS POLICYHOLDER NOTICE NOR CAN TT BE CONSTRUED TO REPLACE ANY
PROVISION OF YOUR POLICY. YOU SHOULD READ YOUR POLICY AND REVIEW YOUR DECLARATIONS PAGE
TWEEN THE POLICY AND THIS SUMMARY, THE PROVISIONS OF THE POLICY SHALL PREVAIL.
THIS NOTICE HAS BEEN PREPARED IN CONJUNCTION WITH THE IMPLEMENTATION OF CHANGES TO YOUR
POLICY.
THIS NOTICE PROVIDES INFORMATION CONCERNING YOUR INSURANCE COVERAGE "I RESPECT TO
TRONIC COMPONENTS, OR SORWARE APPLICATIONS TO CORRECTLY PROCESS OR USE DATERELATED
INFORMATION.
PLEASE READ THIS NOTICE CAREFULLY.
When the year 2000 anives, it is anticipated that many computer systems, computer-related systems and other electronic
components, software applications and operating systems will fail to process date information correctly. This is because they
may have been programmed to store and process only the last Wo digits of the year in date information. The computer auto
matically assumes that the first two digits are 19. Hence, today, a computer "sees" 98, and assumes that the year is 1998.
When the year 2000 arrives, it may only be able to read the 00 in the year data, and therefore may incorrectly assume thai
the year is 1900. By way of example, for a person bom in 1970, the computer would calculate the person's age in 1999 a!
follows:
FOR COMPLETE INFORMATION ON THE COVERAGE YOU ARE PROVIDED. IF THERE IS ANY CONFLICT BE-
CLAIMS ARISING OUT OF THE INABILITY OF ANY COMPUTER HARDWARE, OTHER COMPUTEREED OR ELEC-
99 - 70 = 29 years old
In the year 2000, however, this person's age might be calculated as follows:
00 - 70 = -70 years old (negative 70 years old)
This problem is cntical because programmers who are capable.of fixing this problem are becoming scarce and the probler
has to be corrected before the year 2000. Uncoorrected, resulting losses may range from lost or corrupted data to damage
inventory. For example, some computers that monitor perishable inventory may destroy inventory as being too old or spoile
when, in actuality, the inventory has not expired. There could be claims for injury to persons as well. For example, compute
ked medical equipment may read dates incorrectly and malfunction, causing injury to patients who rely on that equipment.
In addition, various other date-related problems may affect computer systems, computer-related systems and other ele
tronic components, software applications and operating systems. These problems my arise either before or after the ye;
2000.
Your business may be affected by the year 2000 problem or other date-related problems. Many computers, computt
related systems or other electronic components may experience such problems, and the size, number and specific types
these problems may vary greatly. These problems could range from the failure of a mainframe computer system to ope^
properly to the malfunction of a computerized fire protection sprinkler system. Since each situation is unique, it is impossit
to predict the various computer-related and other electronic problems that you may experience due to the year 2000 prc
lem and other date related problems. It is important that you examine and evaluate your current situation on an individual I
sis. It may be necessary for a qualifed professional computer consultant to analyze your computer syster
computer-related systems and other electronic components, software applications and operating systems for such prc
lems. It may be prudent for you to consult such a professional.
At renewal, pending state approval, one or more endorsements entitled Exclusion - Year 2000 and Other DaMelal
Problems will be attached to your policy. (At issuance, your renewal policy may not contain these endorsements
cause the regulatory authority in your state has not yet approved it However, if that regulatory authority subsequel
approves these endorsements for an effective date not later than the inception date of your renewal policy, we then attach the endorsements to your policy to be effective as of its inception date by means of a Policy Change. C
erwise, another endorsement that addresses the Year 2000 exposure may be attached to your renewal policy.) For
reason, except as specifically prescribed in any exceptions that may be contained in such endorsement(s), coverage is
cluded for any claim, loss, cost or expense arising out of any injury or damage caused by or related in any way to the inal
or potential inability of any computer hardware, other computerized or electronic components, software applications or 0
ating systems to correctly process or use year 2000 or other daterelated information. Please read the endorsement(s) c
fully to determine the scope of any exceptions that may apply to the exclusion.
isophn
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COMMERCIAL CRll
THIS ENDORSEMENT CHANGES THE POLICY, PLEASE READ IT CAREFULLY
EXCLUDE LOSS FROM CERTAIN COMPUTER ERRORS
This endorsement applies only to PUBLIC EMPLOYEE DISHONESTY COVERAGE FORM 0 or P including any Faitl
Performance of duty endorsement
PROVISIONS
9. The following Additional Exclusion is added:
, f. Certain Computer Errors: loss resulting directly or indirectly, in whole or in part, from the failure of any compui
computer system or component thereof, embedded chip, microprocessor, or similar electronic device correctly
recognize, interpret or accept a date which is subsequent to December 31, 1999 or accurately to process data
perform any other function because of such a failure. This exclusion applies without regard to ownership of '
computer, computer system, chip, microprocessor or similar device; whether or not another cause or event, inch
ing any act, omission or failure of any Employee, also contributed to the loss; and to the cost of any test, diagno!
repair, advice, design, or reprograming to discover, guard against or correct such a failure.
CR 10 64 05 98 0 The Surety Association of America
w w Home Offices
The w comb-as
~ ~~
CALIFORNIA PREMIUM RIDER P.O. Box 1227
Baltimore, MD 212C
If this form is issued concurrently with the bond, this Attaching Clause need not be completed.
INSURED Fidelity & Deposit Company of Maryland X -
Colonial American Casualty & Surety Company - CITY OF CARLSBAD, CARLBAD PARKING AUTHORITY
BOND NO.
APRIL 16, 1998 CCP 606 96 93
(Company designated by X in box) EFFECTIVE DATE OF RIDER
I
It is agreed that:
1. In compliance with the ruling of the Ccmmissioner of Insurance of the State of California and the
Opinion of the Attorney General of that State requiring that the premium for all bonds or policies be
endorsed thereon, the basic premium charged for the attached bond for the period from
04/16/1998 t 04/16/2001 is SEVEN THOUSAND SEVEN Dollars ( $7,740.
0 HUNDRED FORTY AND
N0/100
PAYABLE IN THREE EQUAL ANNUAL INSTALLMENTS OF $2,580.00
ATTEST
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
COLONIAL AMERICAN CASUALTY AND SURETY COMPAN
BY
JtK-Jvy Secretary K/* Pfesidenr
V
Countersigned
RECEIVED
FEB 2 4 1998
w c--0211919a
F668C-5000. 5-94
California Premium Rider - For use with all forms of standard bonds, to comply with
rulings of the Insurance Commissioner and the Attorney-General.
Revised to August, SR 5862
1968.
I Ine8 ED w 9
CALIFORNIA PREMIUM RIDER
Homc Ofticcs
P.O. Box 122;
Baltimorr. Md
Companies
~ ~~
If this form is issued concurrently with the bond. this Attaching Clause need not be completed.
INSURED
(Company designated by X in box) 41 16/95 EFFECTIVE DATE OF RIDER BOND NO.
-I? Colonial American Casualty and Surety C CTTY OF CA-An, CARURATl PARY-TTY
clf Fidelity and Deposit Company of Maryla~
6069693- 1
It is agreed that:
1. In compliance with the ruling of the Commissioner of Insurance of the State of California and the Opinion of the
Attorney General of that State requiring that the premium for all bonds or policies be endorsed thcreon, the basic premium
. charged for the attached bond for the period from---- --____________________l____l_____________---------------------- April 16, 1995
1998 to """""_""""""""""""""""" &EiL"L """""""""_"""""""""""""""
is.___S~-Ve-~_rho~~~-S~~~~--~u-~d-~-~~-~~~~~--an#--~~~-~-~Q===~~~-Dollars ($--"7-,-7-4Q-, ______________ ).
Payable $2,580. in advance and $2,580. each anniversary
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
COLONIAL AMERICAN CASUALTY AND SURETY COMPAN
ATTEST: BY r "P.Kd&P* Secretary /A+ ~~
President r "P.Kd&P* Secretary /A+ ~~
President
Countersigned by: _______
F66k"SoM. 5-9
Califomin hiurn Xidcr-Ftlr use with all forms or hlilndard bonds. IO amply with
rulings of the Insurmcc Comminiarr ad Ihc Anwnq-Cencral.
Rcviwi IO August. IV611.
SK 5x62
RECEJVED
UP8 io 1995
Hir *'P~c I. Init
@ig9 companks
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CALIFORNIA PREMIUM RIDER
Home 01% P.O. Box Baltimore,
If this form is issued concurrently with the bond, this Attaching Clause need not be completed.
INSURED CITY OF CWEW; CARLSW PARKING AuTIioRI ; colonid Ameri~ casualty and Suret Fidelity and Deposit Company of Max
BOND NO. 6069693- 1 EQ€jSY,ji DATE OF RlDER (Company designated by X in b
It is agreed that:
1. In compliance with the ruling of the Commissioner of Insurance of the State of California and the Opinion of the,
torney General of that State requiring that the premium for all bonds or policies be endorsed thereon, ac basic prca
charged for the aahed bond for the period from- _______________I-_____________I - ------ -------------- April 15, 1992
April 16, 1995 to """"""""""""
-
"_I_ """ -"""" """""""""_ -__"- """ Seven Thousand Seven Hundred Forty and Plo/lOO------ 7,740.
is-~~~--Q2;-~~-~~~~~~,~~--~~~-~-~~~ (f----""-----
mDELITY AND DEPOSn COMPANY OF MARYLAND
COLONLAL AMERICAN CASUALTY AND SURETY COMP,
ATTEST: r d'Kdpr
BY
Secretary
Countersigned by: __"_ L ____ __ __________ ___ ____- Authorized Representatl
F66&-5M, 1091 234957
rulings of the Iasucance Commissioner and the AmmcyGwwal. Calilornin Premium Rider--For uy with aU forms of standard bonds. to comply wit!^
Revised to August, 1968.
SR 5862
w City of Carlsbad POLICY NUMBER: 606 96 93-1
W I
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
CR 50 01 07 88
POLICY CHANGE
Date of Issue:
Effective Date of Change:
A. SCHEDULE*
8- 12-9 1
" , as of the time the policy became effective.
I. The Name of Insured is changed to:
a 2. The following Insured(s1 is added to the Named Insured:
PT I)wlCf
0 3. The following Insured(s1 is deleted from the Named Insured:
4. The Mailing Address is changed to:
5. The Policy Period is changed to:
6. The Limit of Insurance is changed to: Coverage Form Limit of Insurance
Section 1 Sectiol
-
7. The Deductible Amount is changed to: Coverage Form Deductible Amount
Section 1 Sectioi
8. The following Coverage Form(s1 or Endorsement(s1 is added:
9. The following Coverage Form(s) or Endorsement(s1 is deleted:
B. PROVISIONS
1. The Declarations Form is amended as shown in the SCHEDULE.
2. Application of changes affected by this Change Endorsement:
a. Addition of a Deductible or increase in Deductible Amount: This change applies to loss or damage
ingfrom acts committed or events occurring at any time, whether before or after the Effective Date of C
b. Deletion or Restriction (other than in a. above) of any Coverage or Decrease in any Limit of lnsu
This change applies to toss or damage resulting from acts committed or events occurring:
(1) On or after the Effective Date of Change, and also
(2) Before the Effective Date of Change if discovered after one year from that date.
mitted or events occurring on or after the Effective Date of Ch,an~e~~:-_~--..
c. All Changes Other Than in a. and b. Above: This change applies to loss or damage resulting from act:
3. No Limit of Insurance during any period will be cumulative with any other moa& apphmtile to the same "". . /. .. : 3 I:.?;
age during any other period. :; : .2 . .', ., . .. . i ., - 4 y j.j<;
Accepted:
*Information required to complete this SCHEDULE, if not shown on this endok%&IdSj@@ey,hown in the Declar:
...
v 4..
BXEZGTiEJ dwpsY"'"'iY,*
%*-~;&&@ Copyright, insurance Services Office, Inc., 1983, 1988
&iJ
CoSpnies - - CALIFORlYIA PRENIUM RIDER
If this form is issued concurrently with the bond, this Attaching Clause need not be completed.
INSURED
BOND NO. EFFECTIVE DATE OF RIDER
I I
It is agreed that:
1. In compliance with the ruling of the Commissioner of Insurance of the State of California and the Opinion of the
Attorney-General of that State requiring that the premium for all bonds or policies be endorsed thereon, the basic premium
charged for the attached bond for the period from April 16, 1989
to April 16. 1992
Five Thousand Seven Hundred Seventy Two and No/100 Dol,ars,g- 5,772.
Payable $; 1324. In advance and $ I ,924. each annlversary is 1.
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
” *_ 1.”
By:
OLirorni. Premium Rider-For ude with all forma of standard bond4 u) -Ply F”
rith dbp of rhe Insurance Commislioner and the AttnmeyGenual.
SR w2 Revised lo Augmt. 1964.
L< C >e; 3%. r rr ..-.
1 ‘ b.:;?@ rp-. - * *ci-frs p,x
67 -9i
& - w ENDORSEMENT No.- d
- If this form is issued concurrently with the poIicy, this Attaching Clause need not be completed.
INSURED I POLICY NO. I EFFECT1VE DATE I I
I# CoBsm&kTXON OF lcBIs P’lUWEW CBARfS IT IS gSa)’8RSEOOP 6, AGRlBD
THAT Pl3Bl,f~ W!UEEE! DzSBOB&= Coma R?3H 0 SECTXQM D fd ;
fS&5~~TQ~~~3~&~~R~0~~ m- IBP LA% To BIL rnLBfDUAuH l3timDED, BY TBE rnSuBED*
Li Q~$,*qWr-?tl *$&i?\g& s cQp$
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
.4r-res.r: BY
J* K-4A.Jp.
Secretary
Countersigned by:-,_ Authorized Reptesenlative
F229s-lOM. 3.86 223977
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CR 00 16 01 89
PUBLIC EMPLOYEE DISHONESTY COVERAGE FORM
(COVERAGE FORM 0-PER LOSS)
A. COVERAGE
We will pay for loss of, and loss from damage to, Cov-
ered Property resulting directly from the Covered Cause
of Loss.
1. Covered Property: “Money”, “securities”, and “prop-
2. Covered Cause of Loss: “Employee dishonesty”.
3. Coverage Extension
Employees Temporarily Outside Coverage Terri-
tory: We will pay for loss caused by any “employee”
while temporarily outside the territory specified in
the Territory General Condition for a period not
more than 90 days.
B. LIMIT OF INSURANCE
erty other than money and securities”.
The most we will pay for loss in any one %occurrence”
is the applicable Limit of Insurance shown in the
DECLARATIONS.
C. DEDUCTIBLE
1. We will not pay for loss in any one “occurrence”
unless the amount of loss exceeds the Deductible
Amount shown in the DECLARATIONS. We will
then pay the amount of loss in excess of the De-
ductible Amount, up to the Limit of Insurance.
a. Give us notice as soon as possible of any loss
of the type insured under this Coverage Form
even though it falls entirely within the Deduct-
ible Amount.
b. Upon our request, give us a statement
describing the loss.
D. ADDITIONAL EXCLUSIONS, CONDITIONS AND
DEFINITIONS: In addition to the provisions in the
Crime General Provisions Form, this Coverage Form is
subject to the following:
1. Additional Exclusions: We will not pay for loss or
damages as specified below:
a. Employee Cancelled Under Prior Insurance:
loss caused by any “employee” for whom simi-
lar prior insurance has been cancelled and
not reinstated since the last such cancellation.
b. Inventory Shortages: loss, or that part of any
loss, the proof of which as to its existence or
amount is dependent upon:
(1) An inventory computation; or
(21 A profit and loss computation.
c. Bonded Employee: loss caused by any “em-
ployee” required by law to be individually
bonded.
d. Treasurer or Tax Collector: loss caused by a
treasurer or t or by whatever name
2. You must:
0-0 F.na’‘a‘*,
’%“2;&.#53 \ L&“
e. Damages: damages for which you i
liable as a result of:
(1) the deprivation or violation of
rights of any person by an ‘kmF
(2) the tortious conduct of an “emp
cept conversion of property of (
ties held by you in any capac,
a. Cancellation As To Any Employee
This insurance is cancelled as to
ployee”:
(1) Immediately upon discovery by I
official or employee authorizec
age, govern or control your emF
any dishonest act committed by
ployee” whether before or after t
employed by you.
(2) On the date specified in a notic
to you. That date will be at leas
after the date of mailing.
The mailing of notice to you at the
ing address known to us will be suffic
of notice. Delivery of notice is the
mailing.
b. Sole Benefit: This insurance is for
benefit. No legal proceeding of any I.
cover on account of loss under this
may be brought by anyone other t
c. Indemnification: We will indemni
your officials who are required by li
bonds for the faithful performancc
service against loss through dishont
persons who serve under them, sub!
Limit of Insurance.
3. Additional Definitions
2. Additional Conditions:
a. “Employee Dishonesty” in paragr
means only dishonest acts commit
”employee’: whether identified or nl
alone or in collusion with other per:
the manifest intent to:
(1) Cause you to sustain loss; an(
(2) Obtain financial benefit (other t
ries, commissions, fees, bonuse
tions, awards, profit sharing, pe
other employee benefits earn(
normal course of employment:
(a) The “employee”; or
(b) Any person or organization
by the “employee” to rec
benefit.
b. “Occurrence” means all loss caus
involving, one or more “employees’:
the result of a single act or series
W
B. Provisions
w
(1) On or after the Effective Date of Chan
1. Application of changes affected by this
Endorsement
a. Addition Of A Deductible Or Increase In De-
ductible Amount
This change applies to loss or damage result-
ing from acts committed or events occurring at
any time, whether before or after the Effective
Date of Change.
b. Deletion Or Restricton (Other Than In a.
Above) Of Any Coverage Or Decrease In
Any Limit Of Insurance
2.
.. and also
(2) Befo&he Effective Date of Change if 4
covered after one year from that date.
c. All Changes Other Than In a. And b. Abo~
This change applies to loss or damage res
ing from acts committed or events occun
on or after the Effective Date of Change.
No Limit of Insurance during any period will be
mulative with any other amount applicable to
same coverage during any other period.
This change applies to loss or damage
resulting from acts committed or events
occuning.
ACCetJted:
First Named Insured
- -.. .. -.. Ttk
CR 50 01 04 97 Copyright, Insurance Services Office, Inc., 1996
Copyright, The Surety Association of America, 1996 .
CR-A-2
A" 1/27/!
Page 2 of
w w
CR 10000186
CRIME GENERAL PROVISIONS FORM
Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, dutiesand
or is not covered.
Throughout this policy the words “you” and “your” refer to the Named Insured shown in the Declarations. Thr
“we”, “us” and “our” refer to the Company providing this insurance.
Words and phrases in quotation marks are defined in the policy.
Unless stated otherwise in any Crime Coverage Form, Declarations or endorsement, the following General Excl
General Conditions and General Definitions apply to all Crime Coverage Forms forming part of this policy.
A. GENERAL EXCLUSPONS
We will not pay for loss as specified below:
1. Acts Committed by You or Your Partners: Loss re-
sulting from any dishonest or criminal act com-
mitted by you or any of your partners whether
acting alone or in collusion with other persons.
2. Governmental Action: Loss resulting from seizure
or destruction of property by order of govern-
mental authority.
3. indirect loss: Loss that isan indirect result of any
act or “occurrence” covered by this insurance
including, but not limited to, loss resulting
from:
2.
b. You acquire the use and control of ar
any insurance afforded for “employe
“premises” also applies to those addition
ployees” and “premises”, but only if YOL
a. Give us written notice within 30 day:
b. Pay us an additional premium.
Coverage Extensions: Unless stated other
the Coverage Form, our liability underan)
age Extension is part of, not in addition
Limit of Insurance applying to the Cove
Coverage. Section, i
tional “premises”;
after; and
a. Your inability to realize income that you 3. Discovery Period for loss: We will pay c
would have realized had there been no loss covered loss discovered no later than 01
of, or loss from damage to, Covered Prop- from the end of the policy period.
erty.
b. Payment of damages of any type for which
you are legally liable. But, we will pay com- After you discover a loss or a situation tt
pensatory damages arising directly from a result in loss of, or loss from damage to, (
loss covered under this insurance. Property you must:
incur in establishing either the existence or b. Submit to examination under oath
the amount of loss under this insurance. request and give us a signed stater
4. Duties in the Event of loss
c. Payment of costs, fees or other expenses you a. Notify us as soon as possible.
4. legal Expenses: Expenses related to any legal
5. Nuclear: Loss resulting from nuclear reaction,
nuclear radiation or radioactive contamination,
or any related act or incident.
action.
your answers.
120 days.
settlement of any claim.
c. Give us a detailed, sworn proof of 10s:
d. Cooperate with us in the investigati
6. War and Similar Actions: Loss resulting from war, 5. Joint insured
whether or not declared, warlike action, insur- a. If more than one Insured is named
rection, rebellion or revolution, or any related act Declarations, the first Named lnsul
or incident. act for itself and for every other Inst
all purposes of this insurance. If t
6. GENERAL CONDITIONS
1. Consolidation-Merger: If through consolidation
Named Insured ceases to be covere
the next Named Insured will beco
first Named Insured.
or merger with, or purchase of-assets of, some
other entity: b. If any Insured or partner or officer
Insured has knowledge of any infot
a. Any additional persons become “em-
ployees”; or
relevant to this insurance, that know
considered knowledge of every lnsu
@X0 /“xy,*
’“,z;;&*
1
Copyrlght, insurance Services Office. 1984
6.
7.
a.
9.
. ""'y'VJ-" " 8, IltdUIbU.
d. If this insurance or anwits coverages is
cancelled or terminked as to'any Insured,
loss sustained by that Insured is covered
only if discovered no later than one year
from the date of that cancellation or termi-
nation.
e. We will not pay more for loss sustained by
more than one Insured than the amount we
would pay if all the loss had been sustained
by one Insured.
legal Action Against Us: You may not bring any
legal action against us involving loss:
a. Unlessyou have complied with all the terms
b. Until 90 days after you have filed proof of
c. Unless brought within 2 years from the date
of this insurance; and
loss with us; and
you discover the loss.
Loss Covered Under More Than One Coverage of
This Insurance
If two or more coverages of this insurance apply
to the same loss, we will pay the lesser of:
a. The actual amount of loss; or
b. The sum of the Limits of Insuranceapplica-
ble to those coverages.
Loss Sustained During Prior Insurance
a. If you, or any predecessor in interest, sus-
tained loss during the period of any prior
insurance that you or any predecessor in
interest could have recovered under that in-
surance except that the time within which to
discover loss had expired, we will pay for it
under this insurance, provided:
(1) This insurance became effective at the
time of cancellation or termination of
the prior insurance; and
(2) The loss would have been covered by
this insurance had it been in effect
when the acts or events causing the loss
were committed or occurred.
b. The insurance under this Condition is part
of, not in addition to, the Limitsof Insurance
applying to this insurance and is limited to
the lesser of the amount recoverable under:
(1) This insuranceasof itseffectivedate; or
(2) The prior insurance had it remained in
Loss Covered Under This Insurance and Prior Insur-
ance Issued by Us or Any Affiliate
If any loss is covered:
a. Partly by this insurance; and
b. Partly by any prior cancelled or terminated
effect.
10 you'y predecessor in interest;
-the most we will pay is the larger of the amount
recoverable under this insurance or the prior
insurance.
10. Non-Cumulation of limit of Insurance
Regardlessof the number of years this insurance
remains in force or the number of premiums
paid, no Limit of Insurance cumulates from year
to year or period to period.
1 1. Other Insurance: This insurance does not apply to
loss recoverable or recovered under other insur-
ance or indemnity. However, if the limit of the
other insurance or indemnity is insufficient to
cover the entire amount of the loss, this insur-
ance will apply to that part of the loss, other than
that falling within any Deductible Amount, not
recoverable or recovered under the other insur-
ance or indemnity, but not for more than the
- Limit of Insurance.
12. Ownership of Property; Interests Covered: The
property covered under this insurance is limited
to property:
a. That you.own or hold; or
b. For which you are legally liable.
However, this insurance is for your benefit only.
It provides no rights or benefits to any other
person or organization.
13. Policy Period
a. The Policy Period is shown in the Declara-
b. Subject to the Loss Sustained During Prior
Insurance condition, we will pay only for
loss that you sustain through acts com-
mitted or events occurring during the Policy
Period.
tions.
.. 14. Records: You must keep records of all Covered
Property so we can verify the amount of any loss.
15. Recoveries
a. Any recoveries, less the cost of obtaining
them, made after settlement of losscovered
by this insurance will be distributed as fol-
lows:
(1) To you, until you are reimbursed for any loss that you sustain that exceeds .the
Limit of Insurance and the Deductible
Amount, if any;
(2) Then to us, until we are reimbursed for
the settlement made;
(3) Then to you, until you are reimbursed
for that part of the loss equal to the
Deductible Amount, if any.
2
W (1) From insurance, suretyship, reinsur-
ance, security or indemnity taken for
our beefit; or
(2) Of original “securities” after duplicates
of them have been issued.
16. Territory: This insurance covers only acts corn-
mitted or events occurring within the United
States of America, U.S. Virgin Islands, Puerto
Rico, Canal Zone or Canada.
17. Transfer of Your Rights of Recovery Against Others
to us
You must transfer to us all your rights of recovery
against any person or organization for any loss
you sustained and for which we have paid or
settled. You must also do everything necessary
to secure those rights and do nothing after loss
to impair them.
18. Valuation-Settlement
a. Subject to theapplicable Limit of Insurance
provision we will pay for:
(1) Loss of “money” for not more than its
face value. We may, at our option, pay
for loss of “money” issued by any coun-
try other than the United States of
America:
(a) At face value in the “money” issued
by that country; or
(b) In the United Statesof America dol-
lar equivalent determined by the
rate of exchange on the day the loss
was discovered.
(2) Loss of “securities” for not more than
their value at the close of business on
the day the loss was discovered. We
may, at our option:
(a) Paythevalueof such “securities”or
replace them in kind, in which
event you must assign to us all your
rights, title and interest in and to
those “securities”;
(b) Pay the cost of any Lost Securities
Bond required in connection with
issuing duplicates of the “se-
curities”. However, we will be liable
only for the payment of so much of
the cost of the bond as would be
charged for a bond having a penalty
not exceediag the lesser of the:
i. Value of the “securities” at the
close of business on the day the
loss was discovered; or
ii. Limit of Insurance.
(3) Loss of, or loss from damage to, “prop-
erty other than money and securities” or
ll”,,, ““”‘UbU C” LI.U p’”,.”“”“
-more than the:
(a) Actual cash value of the propert
the day the loss was discoverec
(b) Cost of repairing the propert:
“premises”; or
(c) Cost of replacing the property \
property of like kind and qualit
We may, at our option, pay the ac
cash value of the property or repal
replace it.
If we cannot agree with you upon
actual cash value or the cost of repaj
replacement, the value or cost will
determined by arbitration.
b. We may, at our option, pay for loss of, or I
from damage to, property other t
“money”:
(1) In the “money” of the country in wt
the loss occurred; or
(2) In the United States of America dc
equivalent of the “money” of the cc
try in which the loss occurred de
mined by the rate of exchange on
day the loss was discovered.
c. Any property that we pay for or replace
comes our property.
C. GENERAL DEFINITIONS
1. “Employee” means:
a. Any natural person:
(1) While in your service (and for 39 d
after termination of service); and
(2) Whom you compensate directly by !
ary, wages or commissions; and
(3) Whom you have the right to direct E
control while performing services
you.
b. Any natural person employed by an empl
ment contractor while that person is subj
to your direction and control and perform
services for you excluding, however, i
such person while having care and custc
of property outside the “premises”.
But “employee” does not mean any:
(1) Agent, broker, factor, commission rr
chant, consignee, independent contrac
or representative of the same general ch
acter; or
(2) Director or trustee except while performi
acts coming within the scope of the USI
duties of an “employee”.
2. “Money” means:
a. Currency, coins and bank notes in currc
use and having a face value; and
3
‘ b. Travelers checks, mster checks and
money orders held for sale to the public.
3. “Property Other Than Mdney and Securities”
means any tangible property other than
“money” and “securities” that has intrinsic
value but does not include any property listed in
any Coverage Form as Property Not Covered.
4. “Securities” means negotiable and non-negotia-
ble instruments or contracts representing either
“money’mther property and includes:
a. Tokens, tickets, revenue and other stamr
(whether represented by actual stamps I
unused value in a meter) in current use; an
b. Evidences of debt issued in connection wi’
credit or charge cards, which cards are n
issued by you;
but does not include “money”.
, -COMMERCIAL CRIME INSUR a CE IMPORTANT CHANGES IN YOUR COVERAGE
We are renewing or replacing your Commercial Crime insurance with a new policy in simplified language. The
policy will result in some coverage broadenings and reductions in certain areas.
Following is a summary of the broadenings and reductions in the various Crime coverages subject to the simplific,
program. The commentary relative to each of the indicated Coverage Forms applies to your policy only to the e:
that the coverage of one or more of the indicated Coverage Forms is afforded under your policy.
NO COVERAGE IS PROVIDED BY THIS SUMMARY NOR CAN IT BE CONSTRUED TO REPLACE ANY PROVlSll
OFYOUR POLICY. YOU SHOULD READ YOUR POLICY AND REVIEW YOUR DECLARATIONS PAGE FOR COMPL
INFORMATION ON THE COVERAGES YOU ARE PROVIDED. IF THERE IS ANY CONFLICT BETWEEN THE PO’
AND THIS SUMMARY, THE PROVlSiONS OF THE POLICY SHALL PREVAIL.
COMMON POLICY CONDITIONS
I. Broadening of Coverage
The time frames for notice of cancellation have
been expanded to 30 days notice of cancellation
(10 days for nonpayment of premium) whereas
the current conditions give either 10 or 15 days
notice of cancellation under all circumstances.
II. Reduction of Coverage
None.
CRIME GENERAL PROVISIONS FORM
I. Broadening of Coverage
a. The Consolidation-Merger provision is a new
condition for certain coverages that expands
coverage by providing automatic insurance for
newly acquired employees and premises.
b. The definition of “securities” has been
expanded to include evidences of debt
pertaining to credit or charge cards.
II. Reduction of Coverage
a. A Governmental Action exclusion is added to
clarify that this exposure is not intended to be
to the Containers of Covered Property Cove
Extension to expand coverage.
b. In the Section 2 Covered Property provisiol
the references to “while being conveyed b!
messenger’’ and “while within the living
quarters in the home of any messenger’’ wl
replaced by “in the care and custody” to
expand coverage.
II. Reduction of Coverage
a. In the Sections 1 & 2 Covered Property
provisions, coverage for “other property’’ is
now provided in separate coverage forms.
b. The Acts of Employees, Directors, Trustees
Representatives exclusion now excludes 10s
due to safe burglary and robbery.
c. The Fire exclusion was revised to clarify tha
no fire damage to the “premises” is covere
d. The Voluntary Parting of Title to or Possessi
of Property exclusion is contained in the
current forms that provide theft coverage fo
property other than money and securities ar
is added to this coverage form.
covered under a Crime policy. ROBBERY AND SAFE BURGLARY COVERAGE FOF b. The Indirect Loss exclusion is a new exclusion
for certain coverages to clarify that coverage is
provided for direct losses only.
exclusion for certain coverages that excludes
losses related to any legal action.
d. In the Valuation-Settlement condition, the
insured is no longer able, for certain cover-
ages, to approve of any settlements by the
company.
c. The Legal Expenses exclusion is a new
1. Broadening of Coverage
a. In the Premises, Safe and Vault Damage
Coverage Extension coverage is expanded to
include damage to a safe or vault.
b. In the Section 2 Covered Property provision
the reference “while being conveyed” is
replaced by “in the care and custody” to
expand coverage.
c. The Conveyance of Property by Armored Mol
THEFT, DISAPPEARANCE AND DESTRUCTION
COVERAGE FORM
Vehicle Company Coverage Extension is add;
to expand coverage.
d. Manuscripts, books of account and records i 1. Broadening of Coverage now covered and a $1,000 special limit
a. Reference to a locked safe or vault was added applies.
cc 130 (1-86) UNIFORM PRINTING AND SUPPLY, INC. 1
I a. A Property Not Covered p w ision is added to
Sections 1 & 2 to clarify that motor vehicles
and related property are not intended to be
covered under a Crime policy.
b. An Acts of Employees, Directors, Trustees or
Representatives exclusion is added to clarify
that acts of the above people are not intended
to be covered.
arenii'inmed to be covered under a Crime
policy.
c. A Special Limit of Insurance for Specified
Property condition is added that limits
coverage for certain items of extraordinary
value to $1,000 for any one occurrence.
&"I "b,tab,ba "I." IbIYCb" p,vpwt
COMPUTER FRAUD COVERAGE FORM
c. A Fire exclusion is added to clarify that only I. Broadening of Coverage
d. A Vandalism exclusion is added to clarify that $1,000 special limit applies.
fire damage to a safe or vault is covered. Manuscripts and records are now covered and a
coverage against vandalism is provided under, 11. Reduction of Coverage
the Commercial Property forms and not under
this form.
Property condition is added that limits EXTORTION COVERAGE FORM
Drawings are now subject to a $1,000 special
limit. e. A Special Limit of Insurance for Specified
coverage for certain items of extraordinary
value to $1,000 for any one occurrence.
.-
1. Broadening of Coverage
None.
PREMISES BURGLARY COVERAGE FORM 11. Reduction of Coverage
1. Broadening of Coverage None.
a. Coverage is expanded to include all property
other than money and securities, except for
motor vehicle related property, for loss or
PREMISES THEFT AND ROBBERY OUTSIDE
THE PREMISES COVERAGE FORM
damage inside the premises. 1. Broadening of Coverage
b. In the Covered Causes of Loss provision, None.
robbery coverage is expanded by deleting the ,I. Reduction of Coverage
reference "while the premises are not open for
business". An Exchanges or Purchases exclusion is added that excludes coverage for losses resulting from
made less restrictive by adding the phrase the giving or surrendering of property in any
". . . within your control . . . etc." exchange or purchase.
c. The Changes in Conditions provision was
d. Manuscripts, books of account and records LESSEES OF SAFE DEPOSIT BOXES
are now covered and a $1,000 special limit COVERAGE FORM
applies. 1. Broadening of Coverage
e. Furs are no longer excluded by removal from
a showcase or show window but a $1,000
special limit applies.
f. In the Duties in the Event of Loss condition,
the reference to the insured furnishing a
complete inventory of all property not stolen or
damaged, . . . etc. was deleted to expand
coverage.
g. The definition of "robbery" was expanded
to include reference to ". . . an obviously
unlawful act witnessed . . .'I.
11. Reduction of Coverage
a. Coverage is no longer provided as respects
showcases or show windows located outside
the premises but inside the building line.
However, coverage can be provided by
endorsement.
b. A Property Not Covered provision is added to
a. In the Section 1 Covered Property provision,
coverage is expanded to apply to securities.
b. In the Section 1 Covered Causes of Loss
provision, coverage against theft, disappear-
ance and destruction is now provided to
expand coverage.
11. Reduction of Coverage
a. The Fire exclusion was revised to clarify that
no fire damage to the "premises" is covered.
b. A Transfer or Surrender of Property exclusion
is added to clarify that losses that result from
unauthorized instructions or from a threat to
do bodily harm or to damage property were
never intended to be covered under this
coverage form.
c. The Voluntary Parting of Title to or Possession
of Property exclusion is contained in the
current forms that provide theft coverage for
2
I is added to this cmge form.
.~” - -
SECURITIES DEPOSITED WITH OTHERS
COVERAGE FORM
1. Broadening of Coverage
a. The definition of “custodian” no longer
b. The definition of “premises” no longer
requires that a custodian be a public official.
requires that the custodian or depository
. premises be in the banking or safe deposit
business.
11. Reduction of Coverage
a. A Transfer or Surrender of Property exclusion
is added to clarify that losses that result from
unauthorized instructions or from a threat to
do bodily harm or to damage property were
never intended to be covered under this
coverage form.
b. The Voluntary Parting of Title to or Possession
of Property exclusion is contained in the
current forms that provide theft coverage for
property other than money and securities and
is added to this coverage form.
LIABILITY FOR GUESTS’ PROPERTY-
SAFE DEPOSIT BOX COVERAGE FORM
1. Broadening of Coverage
a. Coverage is expanded by including loss of
earnings.
b. Coverage is expanded by including pre-
judgment interest on the amount of the
company’s payment for damages.
c. Coverage is expanded by including loss of
wages or salary up to $100 per day.
II. Reduction of Coverage
a. A Fire exclusion is added to clarify that
coverage for fire is provided under the
Commercial Property forms and not under
this form.
b. A Governmental Action exclusion is added to
clarify that this exposure is not intended to be
covered under a Crime policy.
c. An Inherent Vice exclusion is added to clarify
that coverage for such Inherent Vice is not
intended to be covered under this form.
d. A Release of Others From Liability exclusion is
added to clarify that coverage for the release
of others from liability is not intended to be
covered under this form.
e. In the Defense, Investigation and Settlement
provision, the reference to ‘I. . . settle any
claim or suit as we deem expedient” replaces
the reference to “but the company shall not,
sei-:”. Also, a reference that the
company’s right and duty to defend enc
when the Limit of Insurance has been
exhausted is added to clarify intent.
- . . -. - . . - - . . - - . . - - . -. . - . . . - -.
LIABILITY FOR GUESTS’ PROPERTY-
PREMISES COVERAGE FORM
1. Broadening of Coverage
a. Coverage is expanded by including loss
earnings.
b. Coverage is expanded by including pre-
judgment interest on the amount of the
company’s payment for damages.
c. Coverage is expanded by including loss
wages or salary up to $100 per day. .
d. In the Limit of Insurance provision, pay1
made by the company no longer reduce:
policy period limit of insurance.
e. In the Duties in the Event of Loss, Clair
Suit condition, notice of loss, destructia
damage no longer needs to be in writing
specific requirement is added that the il
authorize the company to obtain records
other information.
11. Reduction of Coverage
a. An Acts Committed By You Or Your Part
exclusion is added to clarify that acts of
above people are not intended to be cov
b. A Fire exclusion is added to clarify that (
erage for fire is provided under the Comr
cia1 Property forms and not under this fa
c. A Governmental Action exclusion is adde
clarify that this exposure is not intended
covered under a Crime policy.
d. Inherent Vice, Nuclear and War and Sim
Actions exclusions are added to clarify tt
these exposures are not intended to be
covered.
e. In the Defense, Investigation and Settlen
provision, a reference that the company’!
and duty to defend ends when the Limit
Insurance has been exhausted is added 1
clarify intent.
SAFE DEPOSITORY GENERAL PROVISIONS FOI
1. Broadening of Coverage
None.
11. Reduction of Coverage
a. An Acts Committed by You or Your Partnc
exclusion is added as respects the Safe
Depository Liability Coverage Form to clar
that coverage for such acts is not intende
be covered.
3
" . . . - -. - . . - . . .". _.._."._ I1 ' are added to clarify that thmexposures are
not intended to be covered.
c. A War and Similar Actions exclusion is added
as respects the Safe Depository Liability
Coverage Form to clarify that this exposure is
not intended to be covered.
SAFE DEPOSITORY LlABlLlVY COVERAGE FORM
I. Broadening of Coverage
a. Coverage is expanded by including loss of
b. Coverage is expanded by including prejudg-
earnings.
ment interest on the amount of the company's
payment for damages.
wages or salary up to $100 per day.
c. Coverage is expanded by including loss of
11. Reduction of Coverage
a. In the Defense, Investigation and Settlement
~IUVIJIUII, 111~rerI~e LO . . . seme any
claim or suit e deem expedient" replaces
the reference to "but the company shall not,
without the written consent of the insured,
settle. . .". Also, a reference that the com-
pany's right and duty to defend ends when the
Limit of Insurance has been exhausted is
added to clarify intent.
b. Coverage is no longer provided for officers
and employees.
SAFE DEPOSITORY DIRECT LOSS COVERAGE FORM
1. Broadening of Coverage
None.
11. Reduction of Coverage
a. The Fire exclusion was revised to clarify that
no fire damage to the "premises" is covered.
b. An Indirect Loss exclusion is added to clarify
that coverage is provided for direct losses
only.
4