Definitions

Computer Fraud means the use of any computer to fraudulently cause a transfer of Money, Securities or Other Property from inside the Premises or Financial Institution Premises:
1. to a person outside the Premises or Financial Institution Premises; or
2. to a person (other than an employee) or place outside the Premises or Financial Institution Premises.

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Counterfeit Money means an imitation of Money which is intended to deceive and to be taken as genuine.

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Employee Theft means the unlawful taking of Money, Securities and Other Property to the deprivation of the Insured Entity by an Employee, whether identified or not, acting alone or in collusion with others. Employee Theft also includes Forgery by an Employee.  Employee Theft also means all acts of fraud or dishonesty required to be bonded against by the Employee Retirement Income Security Act of 1974 (ERISA), any amendments thereto and any regulations promulgated thereunder.

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Forgery means the act of signing the name of another person or organization with intent to deceive.

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Funds Transfer Fraud means Theft of Money and Securities following and directly related to the use of fraudulent written or verbal instructions which are purported to have been made by the Insured Entity, which causes an electronic transfer of Money or Securities from a Financial Institution to:
1. an account at a Financial Institution not controlled by the Insured Entity; or
2. a person other than an Employee.

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Money means currency, coins and bank notes in current use, traveler's checks and money orders.

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Premises means the interior of that portion of any building you occupy in conducting your business.

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Robbery means the unlawful taking of property from the care and custody of a person by one who has:
a. caused or threatened to cause that person bodily harm; or
b. committed an obviously unlawful act witnessed by that person.

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Securities means negotiable and nonnegotiable instruments or contracts representing either Money or property and includes evidences of debt issued in connection with credit or charge cards, which cards are not issued by you. Securities does not include Money.

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Social Engineering means a specific type of Crime insurance loss whereby an employee is misled into sending money or diverting a payment based on fraudulent information provided either in writing or verbally by phone.

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Theft means the unlawful taking of property to the deprivation of the Insured. By itself, theft refers to the act of someone other than an employee.

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Transfer Account means an account maintained by you at a Financial Institution from which you can initiate the transfer, payment or delivery of Money or Securities by means of a computer, or other electronic instruction, or by means of written instructions establishing the conditions under which such transfers are to be initiated by such Financial Institution through an electronic funds transfer system.

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