| IC 00 H003 00 0803 © 2003, The Hartford Page 4 of 16
F-6000-0
a. “Forgery” or fraudulent material alteration of any bills of exchange, checks, drafts, acceptances, certificates of
deposits, promissory notes, money orders, orders upon public treasuries, letters of credit or receipts for the withdrawal
of “Property”, or
b. transferring, delivering or paying any funds or other “Property”, or establishing any credit or giving any value in
good faith, and in the ordinary course of business on written instructions or applications directed to the INSURED
authorizing or acknowledging the transfer, payment, delivery or receipt of funds or other “Property”, which instructions
or applications purport to bear the handwritten signature of: (1) any “Customer” of the INSURED, or (2) any shareholder
or subscriber to shares of an “Investment Company”, or (3) any banking institution, stockbroker or “Employee” but
which instructions or applications either bear a “Forgery” or a fraudulent material alteration without the knowledge and
consent of such “Customer”, shareholder, subscriber to shares, banking institution, stockbroker, or “Employee.”
There is no coverage under this Forgery Or Alteration Coverage IV for any loss covered under Coverage V. OR IX. of this
bond, whether or not Coverages V. or IX. are provided by this bond.
A mechanically reproduced facsimile signature is deemed to be the same as a handwritten signature.
V. SECURITIES
Loss directly resulting from the INSURED, in good faith and in the ordinary course of business, whether for its own account
or for the account of others having:
a. acquired, accepted or received, sold, delivered, given value, extended credit, or assumed liability upon any original
“Securities, documents or other written instruments” which:
1. bear a “Forgery” or fraudulent material alteration,
2. have been lost or stolen, or
3. are “Counterfeit”, or
b. guaranteed in writing or witnessed signatures upon transfers, assignments, bills of sale, powers of attorney,
guarantees, endorsements or other obligations in connection with any “Securities, documents or other written
instruments” which pass or purport to pass title to them.
Actual and continued physical possession of such “Securities, documents or other written instruments” by an “Employee”,
“Custodian”, or a Federal or State chartered deposit institution is a condition precedent to the INSURED having relied
on such items and release or return of such items will be deemed to be an acknowledgement by the INSURED of not
having relied on such items.
A mechanically reproduced facsimile signature is deemed to be the same as a handwritten signature.
VI. COUNTERFEIT CURRENCY
Loss directly resulting from the receipt by the INSURED, in good faith and in the ordinary course of business, of
“Counterfeit” money orders, currencies or coin of any country.
VII. COMPUTER SYSTEMS FRAUDULENT ENTRY
Loss to the INSURED directly resulting from fraudulent entry of data into or the change of data elements or programs
within the INSURED’S proprietary “Computer System” or a “Computer System” operated or used by the INSURED and
stated in the application, if the fraudulent entry or change results in:
a. “Property” being transferred, paid or delivered,
b. an account of the INSURED, or of its “Customer”, being added, deleted, debited, or credited, or
c. an unauthorized account or a fictitious account being debited or credited. |