Fidelity Loss definition

Fidelity Loss means financial loss sustained by the Named Insured caused by the loss of:
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Fidelity Loss means direct financial or physical loss of Money, Securities and Covered Property belonging to, leased by or in the care, custody or control of the Association, sustained by the Association caused by any dishonest or fraudulent act committed by an Insured Person (whether acting alone or in collusion with any other person). Fidelity Loss does not mean:
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Fidelity Loss means the ‘actual market value’ for the direct financial loss of an Insured Property caused by an Employee’s or director’s fraud or dishonesty in the ordinary course of Your Business.
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Examples of Fidelity Loss in a sentence

  • We will be under no obligation to provide Cover until We are satisfied that such Fidelity Loss has in fact been sustained.

  • ThePolicyholder shall bear the costs and expenses of establishing the nature and extent of the Fidelity Loss.

  • The Policyholder shall bear the costs and expenses of establishing the fact, nature and extent of the Fidelity Loss.

  • There is no Cover until We are satisfied that such Fidelity Loss has in fact been sustained.

  • The Insured shall bear the costs and expenses of establishing the nature and extent of the Fidelity Loss.

  • The Policyholder shall act on behalf of all Companies with respect to the giving and receiving of notice for Fidelity Loss, the payment of premiums and the receiving of any return premiums that may become due under this Policy, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notice provided for in this Fidelity Policy Section, and the Companies agree that the Policyholder shall so act on their behalf.

  • Within 6 months after Discovery of any such Fidelity Loss, the Insured shall furnish RSA, at the address set out above, sworn proof of loss with full particulars including all relevant information in their possession in relation to the Fidelity Loss and such further information as may be required by RSA.

  • Any Fidelity Loss first Discovered during the period provided under this Fidelity Section shall be deemed to have been Discovered during the immediately preceding Period of Insurance.

  • However, RSA shall consider the provision of retroactive cover for any new office, branch or Subsidiary in respect of Fidelity Loss otherwise insured hereunder, prior to the date of any such acquisition, upon specific request, subject to payment of any additional premium required and the signing of a written endorsement.

  • Cover provided under this sub-section in relation to any new office, branch or Subsidiary shall only apply with respect to any Fidelity Loss caused by any act which is committed after the date of their creation or acquisition.


More Definitions of Fidelity Loss

Fidelity Loss means direct financial loss caused by the loss of, unauthorised use of or dealing with Money, Securities or Property on the premises of the Insured Organisation and:
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Fidelity Loss means direct loss of Property belonging to the Company or for which the Company is legally responsible when such loss is caused by an Act of Fraud committed on the premises of the Company where:
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Fidelity Loss means the direct financial loss of money, negotiable instruments, bearer bonds or coupons, stamps, bank or currency notes belonging to You or which are in Your care, custody or control and You are legally liable for. ‘Fidelity Loss’ does not include wages, salaries or other remuneration benefits paid or payable to any Insured.
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Related to Fidelity Loss

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Damage means actual and/or physical damage to tangible property;

  • Losses shall have the meaning set forth in Section 5(a).

  • Fidelity means Fidelity Management & Research Company and any successor or affiliated registered investment advisor to the Fidelity Investors.

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).