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<br />CRIME COVERAGE <br /> <br />II. PUBLIC EMPLOYEE DISHONESTY COVERAGE <br /> <br />A. COVERAGE <br /> <br />We will pay for loss of, and loss from damage to. Covered Property resulting directly from the <br />Covered Cause of Loss. <br /> <br />1. <br /> <br />Covered Property: <br />securities. .. <br /> <br />"Money," "securities," and "property other than money and <br /> <br />2. Covered Causes of Loss: "Employee dishonesry." <br /> <br />3. C overage Extension <br /> <br />Employees Temporarily Outside Coverage Territory: We will pay for loss caused by <br />any "employee" while temporarily outside the territory specified in the Territory <br />General Condition for a period not more than 90 days. <br /> <br />B. LL\lIT OF LIABILITY - If a "per occurrence" limit is shown in the schedule, the fund will <br />not be liable for more than the indicated limit for loss in anyone occurrence. If a "per <br />employee" limit is shown, the fund will not be liable for more than the indicated limit for loss <br />resulting from an act or series of actS by anyone employee. <br /> <br />C. ADDITIONAL EXCLUSIONS, CONDITIONS, AND DEFThmONS: <br /> <br />In addition to the Definitions, General Exclusions, and General Conditions contained in this <br />Prope:LY Coverage Document and the Crime Coverage Form, Public Employee Dishonesty <br />Cove:age is subject to the following: <br /> <br />1. Additional Exclusions: We will not pay for loss or damages as specified below. <br /> <br />a. EmDlovee Canceled Under Prior ITlSUranCe: loss caused by any "employee" for <br />whom similar prior insurance has been canceled and not.reinstated since the <br />last such cancellation. <br /> <br />b. Inventorv Shortaees: loss, or that part of any loss, the proof of which as to itS <br />existence or amount is dependent upon: <br /> <br />(1) An inventory computation; or <br /> <br />(2) A profit and loss computation. <br /> <br />c. Bonded EmDlovee: loss caused by any "employee" required by law to be <br />individually bonded. <br /> <br />Page 6 <br /> <br />EP321 <br />05/12/97 <br />