Fraud or dishonesty. The insurance may exclude liability of the insurer to indemnify any particular person to the extent that any civil liability or related defence costs arise from dishonesty or a fraudulent act or omission committed or condoned by that person, except that: (a) the insurance must nonetheless cover each other insured; and (b) the insurance must provide that no dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a company, all directors of that company, or in the case of an LLP, all members of that LLP.
Appears in 10 contracts
Samples: Participating Insurer’s Agreement, Participating Insurer’s Agreement, Participating Insurer’s Agreement
Fraud or dishonesty. The insurance may exclude liability of the insurer to indemnify any particular person to the extent that any civil liability or related defence costs arise from dishonesty or a fraudulent act or omission committed or condoned by that person, except that:that:
(a) the insurance must nonetheless cover each other insured; and
(b) the insurance must provide that no dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a company, all directors of that company, or in the case of an LLP, all members of that LLP.LLP.
Appears in 1 contract
Samples: Participating Insurer’s Agreement
