Common use of Fraud or dishonesty Clause in Contracts

Fraud or dishonesty. The insurer is not liable to indemnify any insured 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 insured, except that: (a) this contract nonetheless covers each other insured; and (b) no such 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.

Fraud or dishonesty. The insurer Insurer is not liable to indemnify any insured Insured to the extent that any civil liability or related defence costs Defence Costs arise from dishonesty or a fraudulent act or omission committed or condoned by that insuredInsured, except that:that - (a) this contract nonetheless covers each other insuredInsured; andand‌ (b) no such dishonesty, act or omission will be imputed to a body corporate unless it was committed or condoned by, in the case of a company, by all directors of that company or, in the case of an LLP, all members of that LLPbody corporate.