Negligence and Fraud Exclusion. Any Claim involving or arising out of, or any Claim where the origination of the Loan or extension of coverage hereunder involved or arose out of, any dishonest, fraudulent, criminal, or knowingly wrongful act (including error or omission) by the Insured, the Servicer or any agent of the Insured or Servicer; or any Claim involving or arising out of the negligence of the Insured or the Servicer, which negligence is material either to the acceptance of the risk or to the hazard assumed by the Company.
Appears in 4 contracts
Samples: Mortgage Insurance Agreement, Master Policy (Asset Backed Funding Corp), Bulk Primary First Lien Master Policy (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5)
