Fraudulent Charges Sample Clauses
The 'Fraudulent Charges' clause defines the parties' responsibilities and procedures in the event that unauthorized or fraudulent charges are detected on an account. Typically, this clause outlines the steps a customer must take to report suspected fraud, such as notifying the service provider within a specified timeframe, and may detail the provider's obligations to investigate and potentially reverse such charges. Its core function is to protect both parties from financial loss due to fraud, ensuring a clear process for addressing and resolving disputed transactions.
Fraudulent Charges. We will indemnify the Insured whilst on Trip during the Period of Insurance, for any fraudulent debits or transactions established against the Insured resulting only from the unauthorized use of Card physically lost or stolen, occurring within twelve (12) hours prior to Insured’s first reporting to the Card issuer, not exceeding the limits set out therein. This Benefit shall be payable subject to the following:
1. All claims made under this Benefit shall be payable in India and in Indian Rupees only.
2. The Insured Person must have taken all reasonable steps to avoid any loss or stolen.
3. The loss or Theft/Stolen is to be reported to the issuing bank as soon as practicable, and a written police report is to be furnished to the Company. We will not be liable to make any payment arising out of any of the following:
1. Any unauthorized use of the Card or fraudulent transactions made on Insured Person’s card if his/ her card has not been stolen
2. Debits established against the Insured resulting from the use of counterfeit Card.
3. Losses sustained by the Insured through forgery or alteration of or on or in any written instrument required in conjunction with any Card.
4. Cash advances made with the lost or stolen Card of the insured.
5. Card transactions in which the Bank is legally entitled to recover from the Insured, or the corporate or other legal entity agreeing to honor Card expenses incurred by the Insured Person.
6. Losses arising out of use of the Card by the Insured with intent to defraud.
7. Any loss or damage which at the time of happening of such loss or damage is insured by any other existing policy of Insurance, except in respect of excess beyond the amount which would have been payable under such other policy or policies had this insurance not been effected.
8. Any fraudulent transaction/loss of card outside policy period. • Insured shall call us or provide written intimation to make a claim and obtain the proper forms and instructions within 24 hours from discovering an unauthorized charge was made on the lost or stolen card; • Documents to be submitted in support of the claim:
i. Attested copy of FIR / General Complaint/Online complaint to Police
ii. Attested Copy of Final Report from Police
iii. Card/Account statement highlighting the fraudulent transactions iv. Copy of intimation to Card issuer confirming the fraudulent transactions
Fraudulent Charges. If a charge arose from fraud of any employee or agent of a Retail Merchant, the amount of any Cardholder Indebtedness with respect to such charge may be charged back to FDS, on behalf of the relevant Retail Merchant.
Fraudulent Charges. If a charge arose from fraud of any employee or agent of a Retail Merchant, the amount of any Cardholder Indebtedness with respect to such charge may be charged back to Macy’s, on behalf of the relevant Retail Merchant.
Fraudulent Charges. We will indemnify the Insured whilst on Trip during the Period of Insurance, for any fraudulent debits or transactions established against the Insured resulting only from the unauthorized use of Card physically lost or stolen, occurring within twelve (12) hours prior to Insured’s first reporting to the Card issuer, not exceeding the limits set out therein. This Benefit shall be payable subject to the following:
1. All claims made under this Benefit shall be payable in India and in Indian Rupees only.
2. The Insured Person must have taken all reasonable steps to avoid any loss or stolen.
3. The loss or Theft/Stolen is to be reported to the issuing bank as soon as practicable, and a written police report is to be furnished to the Company.