Fidelity Loss definition

Fidelity Loss means financial loss sustained by the Named Insured caused by the loss of:
View Source
Fidelity Loss means the ‘actual market value’ for the direct financial loss of an Insured Property caused by an Employee’s or director’s fraud or dishonesty in the ordinary course of Your Business.
View Source
Fidelity Loss means the direct financial loss of money, negotiable instruments, bearer bonds or coupons, stamps, bank or currency notes belonging to You or which are in Your care, custody or control and You are legally liable for. ‘Fidelity Loss’ does not include wages, salaries or other remuneration benefits paid or payable to any Insured.
View Source

Examples of Fidelity Loss in a sentence

  • Any Fidelity Loss first Discovered during the period provided under this Fidelity Section shall be deemed to have been Discovered during the immediately preceding Period of Insurance.

  • However, RSA shall consider the provision of retroactive cover for any new office, branch or Subsidiary in respect of Fidelity Loss otherwise insured hereunder, prior to the date of any such acquisition, upon specific request, subject to payment of any additional premium required and the signing of a written endorsement.

  • Cover provided under this sub-section in relation to any new office, branch or Subsidiary shall only apply with respect to any Fidelity Loss caused by any act which is committed after the date of their creation or acquisition.

  • The Policyholder shall act on behalf of all Civil Societies with respect to the giving and receiving of notice for Fidelity Loss, the payment of premiums and the receiving of any return premiums that may become due under this Policy, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notice provided for in this Fidelity Policy Section, and the Civil Societies agree that the Policyholder shall so act on their behalf.

  • Within 6 months after Discovery of any such Fidelity Loss, the Insured shall furnish RSA, at the address set out above, sworn proof of loss with full particulars including all relevant information in their possession in relation to the Fidelity Loss and such further information as may be required by RSA.

  • Provided however that in no event shall RSA exercise its rights of subrogation against any equity partner, member, director or Employee of the Company unless such person is concerned or implicated in a Fidelity Loss covered under this Fidelity Policy Section.

  • The Policyholder shall act on behalf of all Companies with respect to the giving and receiving of notice for Fidelity Loss, the payment of premiums and the receiving of any return premiums that may become due under this Policy, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notice provided for in this Fidelity Policy Section, and the Companies agree that the Policyholder shall so act on their behalf.

  • Provided however that in no event shall RSA exercise its rights of subrogation against any equity partner, member, director or Employee of the Civil Society unless such person is concerned or implicated in a Fidelity Loss covered under this Fidelity Policy Section.