Agenda - 12-06-1982 - Laserfiche WebLink

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• I SHE. TRAVELERS INSURANCE COMPANIES 1 Phis endorsement is issued by that member of The Travelers Insurance Companies which isated the policy of which this indorsement forms a part If any additional premium is I noted below, this endorsement is issued in consideration thereof. If any return premium is noted below, the receipt thereo;(is acknowledged upon acceptance of this endorsement. I Amending T-f:BP-1 E2T440—]—'T8 Effective from_ I , .nt the time of day the policy becomes effective., Policy No__.�_, (51a.µ,wr.Ygal Issued to, -. f , Data of Issue: Additional Premium$ Return Premium$ (The information provided for above,except the policy number,is.required to be stated only when this endorsement is issued for attachment:n the policy subsequent to its effective da:e.) It is agreed that as of the effective dite hereof the policy is amended in the following particulars; IT IS AGREEO THAT: SECTION 3 OF THE BOND IS DELETED AND REPLACED BY THE FOLLOWING: i EXCLUSIONS SECTION 3. THIS BOND DOES NOT COVER LOSS TO THE INSURED AS A RESULT OF: (A) LIABILITY IMPOSED UPON OR ASSUMED BY THE INSURED TO EXONERATE OR INDEM- NIFY AN EMPLOYEE FROM OR AGAINST LIABILITY INCURRED BY SUCH EMPLOYEE IN THE PERFORMANCE DUTIE'p; OR (B) DAMAGES FOR WHICH THE INSURED IS LEGALLY LIABLE AS A RESULT OF: (1) THE DEPRIVATION OR VIOLATION OF THE CIVIL OF ANY PERSON BY AN EMPLOYEE; OR ( II) THE TORTIOUS CONDUCT OF AN EMPLOYEE, EXCEPT CONVERSION CF PROPERTY OF OTHER PARTIES HELD BY THE INSURED IN ANY CAPACITY. THE SURETY SHALL NOT pE LIABLE UNDER THIS BOND FOR LOSS SUSTAINED BY ANY PARTY OTHER THAN THE INSURED AS A RESULT OF ANY ACT OR OMISSION OF AN EMPLOYEE !':NETHER ii NOT SUCH ACT OR CMIISSION OCCURRED IN THE PERFORMANCE OF THE DUTIES BY THE EMPLOYEE.. 2. SECTION 7 OF THE BLOND IS DELETED AND REPLACED BY THE FOLLOWING: 1 . LOSS—LEGAL PROCEEDINGS SECTION 7. THIS BOIND IS FOR THE SOLE BENEFIT OF THE OBLIGEE FOR THE USE AND BENEFIT OF THE INSURED. NO SUIT, ACTION OR PROCEEDING OF ANY KIND TO RECOVER ON ACCOUNT OF LOSSI UNDER THIS BOND MAYBE BROUGHT BY ANYONE OTHER THAN THE OBLIGEE OR THE INSURED; ANY SUCH SUIT, ACTION OR PROCEEDING MUST BE BROUGHT PRIOR TO THE EXPIRATION OF THREE YEARS FROM THE CANCELLATION OF THIS BOND AS AN ENTIRETY, PROV IpEO, HOWEVER, THAT IF SUCH TIME L IM ITAT ION FOR BR ING ING SUIT, ACTION OR PROCEEDING IS PROHIBITED OR MADE VOID BY ANY LAW CONTROLLING THE CONSTRUCTION OAF THIS BONO, SUCH TIME LIMITATION SHALL BE DEEMED a.rra�r+, TO BE AMENDED SO A'S TO BE EQUAL TO THE MINIMUM PERIOD OF THE LIMITATION` PERMITTED BY SUCHLAW. 3. THIS RIDER IS EFFECTIVE AS OF 03/01/78. �j_� SDDD(1` C•1117(1 Kr:v,.tt^:n rtirrtot+u.s.., li Countersigned py. '• '' r 2 e.I �'� I y, j i , y. P is i C