CTR066190_-_Crime.pdf
PDF 195 KB Posted
- Attached to
- Master Agreement AZ|CTR066190
- Contract number
- CTR066190
- Issued by
- Arizona
About this file
This document is a Joint Loss Payable Endorsement issued by Travelers Casualty and Surety Company of America, with Policy Number 106728947. The endorsement modifies a Crime Insurance Policy for the State of Arizona's Department of Economic Security, specifically the Division of Aging and Adult Services, located in Phoenix, Arizona. The document outlines how insurance loss payments will be handled jointly between the named insured and the designated loss payee.
The endorsement covers multiple insurance agreement types, including Fidelity (Employee Theft), Forgery or Alteration, On Premises, In Transit, Money Orders and Counterfeit Money, Computer Crime (Computer Fraud), and Funds Transfer Fraud. The key provision is that any loss payable under these insuring agreements involving money or other property will be paid jointly to both the named insured and the State of Arizona's Department of Economic Security. The insurance company agrees to make payments to both parties and will not pay solely to the named insured without written request from the loss payee. The company's liability under these agreements is not cumulative, and no additional rights are granted to the loss payee beyond the specified loss payment terms.
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Text version
Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions,exclusions or limitations of the above-mentioned policy, except as expressly stated herein. This endorsement is part of such policy and incorporated therein.
Issuing Company: Travelers Casualty and Surety Company of America
Policy Number: 106728947
CRI-7019 Ed. 01-09 Printed in U.S.A.
©2009 The Travelers Companies, Inc. All Rights Reserved
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
JOINT LOSS PAYABLE ENDORSEMENT
This endorsement modifies the following coverage:
Crime
It is agreed that:
1. This endorsement modifies all Insuring Agreements forming part of this Crime Policy, unless specified below as indicated by the corresponding and then only to those so indicated:
A. FIDELITY
Employee Theft ERISA Fidelity Employee Theft of Client Property
B. FORGERY OR ALTERATION
C. ON PREMISES
D. IN TRANSIT
E. MONEY ORDERS AND COUNTERFEIT MONEY
F. COMPUTER CRIME
Computer Fraud Computer Program and Electronic Data Restoration Expense
G. FUNDS TRANSFER FRAUD
H. PERSONAL ACCOUNTS PROTECTION
I. CLAIM EXPENSE
2. The Insured agrees that any loss payable under the Insuring Agreement(s) indicated above and involving Money or Other Property in which the designated Loss Payee has an interest shall be paid jointly to the Named Insured and to the Loss Payee designated below:
Loss Payee Name Loss Payee Address
State of Arizona Department of Economic Security Division of Aging and Adult Services
1789 W. Jefferson Street, Mail Drop 6271, Phoenix, AZ 85007 and any such payment shall constitute payment to the Insured. The Company agrees to make all such payments to the Named Insured and to the Loss Payee, and the Company will not make any payment solely to the Named Insured unless the Company receives a request in writing from the Loss Payee to make such payment solely to the Insured.
3. The Company's liability under the Insuring Agreement(s) indicated above as extended by this endorsement are not cumulative.
4. No rights or benefits are bestowed on the Loss Payee other than payment of the loss as set forth herein.
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