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Bankers Policy - KFA (1981)

Whereas the Assured, named in the Schedule, has made to Us, ACE Insurance Company Limited (hereinafter called “the Underwriters”) a written proposal which it is agreed shall form the basis of this insurance and has paid or promised to pay the Premium specified in the Schedule, all provisions of the said Schedule and the written proposal being hereby incorporated in and forming part of this Policy.

Now we the Underwriters hereby undertake and agree, subject to the following terms, exclusions, limitations and conditions, to make good to the Assured, as stated in the Insuring Clauses, or in any amendatory endorsements attached thereto, in excess of the amount of the Deductibles stated to be applicable, such direct financial loss sustained by the Assured subsequent to the Retroactive Date and discovered by the Assured during the period of the Policy and subject always to the Policy Limits as stated in the Schedule or in any amendatory endorsements attached thereto.

The Assured is requested to read this Policy and, if it is incorrect, return it immediately for correction.

The attention of the Assured is particularly drawn to each of the Insuring Clauses, Definitions, Exclusions and Conditions, and any amendatory endorsements of this Insurance.

In all communications the Policy Number appearing in line one of the Schedule should be quoted.

SCHEDULE

Policy No :

Item 1: Name of the Assured :

Principal Address :

Item 2: Policy Period : From:

To:

(both days inclusive)

Item 3: Retroactive Date :

Item 4: Premium :

Item 5: Proposal Form Dated :

The proposal form together with any correspondence relative thereto signed by or on behalf of the Assured shall be the basis of this insurance

Item 6: Policy Limits : The Limit of Indemnity, under this Policy, subject to General Condition 10 shall be

Provided, however, that if other amounts are inserted against the several Insuring Clauses shown below, the Underwriters' liability in respect of loss falling within those Insuring Clauses is limited to such other amounts which are considered as part of and not in addition to the above-mentioned Limit of Indemnity.

Insuring Clause 1

Fidelity :

Insuring Clause 2

On Premises :

Insuring Clause 3

In Transit :

Insuring Clause 4

Forgery or Alteration :

Insuring Clause 5

Securities :

Insuring Clause 6

Counterfeited Currency :

Insuring Clause 7

Offices and Contents :

Item 7: Deductibles : The amount of the deductible applicable to the respective Insuring Clause and the aggregate in Item 4 is as follows:

Insuring Clause 1

Fidelity :

Insuring Clause 2

On Premises :

Insuring Clause 3

In Transit :

Insuring Clause 4

Forgery or Alteration :

Insuring Clause 5

Securities :

Insuring Clause 6

Counterfeited Currency :

Insuring Clause 7

Offices and Contents :

............................................... November 19, 2010

Signed for and on behalf of

ACE Insurance Company Limited

1. Fidelity

Loss resulting solely and directly from dishonest or fraudulent acts by Employees of the Assured committed with the manifest intent to cause the Assured to sustain such loss or to obtain a financial gain for themselves wherever committed and whether committed alone or in collusion with others, including loss of Property through any such acts by Employees.

Notwithstanding the foregoing, it is agreed that with regard to trading or other dealings in securities, commodities, futures, options, currencies, foreign exchange and the like, and loans, transactions in the nature of a loan or other extensions of credit this Policy covers only loss resulting solely and directly from the dishonest or fraudulent acts by Employees of the Assured committed with the manifest intent to make and which results in improper financial gain for themselves other than salary, commissions, promotions and other similar emoluments.