Common use of Fraud or dishonesty Clause in Contracts

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 a limited liability partnership, all members of that limited liability partnership.

Appears in 3 contracts

Samples: Qualifying Insurer's Agreement, Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement

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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 a limited liability partnershipLimited Liability Partnership, all members of that limited liability partnershipLimited Liability Partnership.

Appears in 2 contracts

Samples: Qualifying Insurer’s Agreement, Qualifying 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 a limited liability partnership, all members of that limited liability partnership.

Appears in 2 contracts

Samples: Qualifying Insurer’s Agreement, Qualifying Insurer’s Agreement

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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 companybody corporate, or, in the case of a limited liability partnership, all members of that limited liability partnership.

Appears in 1 contract

Samples: Qualifying Insurer’s Agreement

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