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CNA CNA PARAMOUNT First Party Terms and Conditions terminated Policy that the Insurer or any affiliate issued to the Named Insured or any predecessor in interest, the most the Insurer will pay is the larger of the amount recoverable under this Policy or the prior Policy. E. Loss Sustained During Prior Policy 1. If the Named Insured, or a predecessor in interest, sustained a loss that could have been recovered under a prior policy except that the time within which to discover the loss under such prior policy had expired, then the Insurer will pay for it under this Policy, provided: a. this Policy became effective at the time of cancellation or termination of such prior Policy; and b. the loss would have been covered by this Policy had it been in effect at the time of such loss. 2. The Limit of Insurance available under this Loss Sustained During Prior Policy Condition is part of, and not in addition to, the applicable Crime Coverage Limits of Insurance and is limited to the following: a. when the prior policy was issued by the Insurer or any affiliate of the Insurer, the highest single Limit of Insurance of the amount recoverable under: i. this Policy as of its effective date; or ii. the prior policy had it remained in effect. b. when the prior policy was not issued by the Insurer or any of its affiliates, the lesser of the single Limit of Insurance of the amount recoverable under: i. this Policy as of its effective date; or ii. the prior policy had it remained in effect. F. Non -Cumulation of Limit of Insurance Regardless of the number of years this Policy or similar insurance (whether issued on a "Loss Sustained" or "Loss Discovered" basis) issued by the Insurer remains in force or the number of premiums paid, the Limit of Insurance does not cumulate from one policy period to another policy period. G. Ownership of Property; Interests Covered The money, securities and other property covered under this coverage part is limited to such property: 1. that the Named Insured owns or leases; 2. that the Named Insured holds for others; or 3. owned and held by someone other than the Named Insured under circumstances which make the Named Insured responsible for the property prior to the time of loss. Solely with respect to an employee benefit plan, the money, securities and other property covered under any crime coverage is limited to all funds or property that the employee benefit plan uses or may use as a source for the payment of benefits to plan participants or beneficiaries, as described by the Employee Retirement Income Security Act of 1974 (ERISA), any amendments thereto and any regulations promulgated thereunder. However, this insurance is for the Named Insured's benefit only. It provides no rights or benefits to any clients or to any other person or organization. H. Termination of Coverage as Respects Acts of Any Employee Coverage is terminated with respect to any employee: 1. immediately upon discovery of a dishonest act: CNA62647XX 10-15 Copyright CNA All Rights Reserved. a r N Risk MmRgmertt DiAsian 3 REVIEWED & APPROVED BY.- E� Risk Management Analyst