PRIOR FRAUD, DISHONESTY OR CANCELLATION. The coverage of Insuring Agreements I.A. shall not apply to any Employee from and after the time that the Insured or any partner or officer thereof not in collusion with such Employee shall have knowledge or information that such Employee has committed any Fraudulent or Dishonest act in the service of the Insured or otherwise, whether such act be committed before or after the date of employment by the Insured. If, prior to the issuance of this Form, any fidelity insurance in favour of the Insured or any predecessor in interest of the Insured and covering one or more of the Insured’s Employees shall have been cancelled as to any of such Employees by reason of the giving of written notice of cancellation by the Insurer issuing such fidelity insurance, whether the Insurer or not, and if such Employees shall not have been reinstated under the coverage of said fidelity insurance or superseding fidelity insurance , the Insurer shall not be liable on account of such Employees unless the Insurer shall agree in writing to include such Employees within the coverage of Insuring Agreements I.
PRIOR FRAUD, DISHONESTY OR CANCELLATION. The coverage of Insuring Agreements 1 a) and 1 b) shall not apply to any “employee” from and after the time that the Insured or any partner or officer thereof not in collusion with such “employee” shall have knowledge or information that such “employee” has committed any fraudulent or dishonest act in the service of the Insured or otherwise, whether such act be committed before or after the date of employment by the Insured. If, prior to the issuance of this Form, any fidelity insurance in favour of the Insured or any predecessor in interest of the Insured and covering one or more of the Insured’s “employees” shall have been cancelled as to any of such “employees” by the company issuing such fidelity insurance, and if such “employees” shall not have been reinstated under the coverage of said fidelity insurance or superseding fidelity insurance , the Insurer shall not be liable on account of such “employees”. Payment of loss under Insuring Agreements1 a), 1 b), or 5 shall not reduce the amount of insurance payable for other losses under the applicable Insuring Agreement whenever sustained. Any loss covered under both Insuring Agreements 1 and 5 shall first be paid under Insuring Agreement 5 and the excess, if any, shall be paid under Insuring Agreement 1 a) or 1 b). The Insurer’s total liability
