CIVIC PLUS (CIVICREC)-2017 - Laserfiche WebLink

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then coverage under this Policy will continue in full force and effect until termination of this Policy, but only with respect to loss resulting directly from Computer Fraud, Funds Transfer Fraud or Social Engineering Fraud sustained before such event. Coverage under this Policy will cease as of the effective date of such event with respect to loss resulting directly from Computer Fraud, Funds Transfer Fraud or Social Engineering Fraud sustained after such event. This Policy may be cancelled by the Named Insured on or after the effective time of the event, and the Insurer shall refund the unearned premium computed pro rata, calculated as of the date on which the Insurer receives a communication from the Insured requesting cancellation of this Policy. The Insurer will be under no obligation to accept requests to retroactively cancel this Policy. C. Termination of a Subsidiary If before or during the Policy Period an organization ceases to be a Subsidiary, coverage with respect to the Subsidiary shall continue until termination of this Policy. Such coverage continuation shall apply only with respect to loss resulting directly from Computer Fraud, Funds Transfer Fraud or Social Engineering Fraud sustained prior to the date such organization ceased to be a Subsidiary. 15. Section XIV, REPRESENTATIONS, is deleted and replaced with the following: Section XIV. CONCEALMENT, MISREPRESENTATION OR FRAUD This Policy is void in any case of fraud by the Insured as it relates to this Policy at any time. It is also void if any Insured, at any time, intentionally conceals or misrepresents a material fact concerning: i. this Policy; 2. the property covered under this Policy; 3. the Insured's interest in the property covered under this Policy; or 4. a claim under this Policy. 16. Section XVI, TERRITORY AND VALUATION, is deleted and replaced with the following: The Insurer shall pay: i. the actual market value of lost, damaged or destroyed Securities at the closing price of such Securities on the business day immediately preceding the day on which a loss is Discovered; or the cost of replacing Securities, whichever is less, plus the cost to post a Lost Instrument Bond; 2. the cost of blank books, pages or tapes or other blank materials to replace lost or damaged books of account or other records; 3. the least of: i. the actual cash value of the Property; or 2. the cost to repair or replace Property, other than precious metals, with that of similar quality and value, at the time the Insured complies with Section VIII, Notice and Proof of Loss, regarding the furnishing of proof of loss; 4. the United States of America dollar value of foreign currency based on the rate of exchange published in The Wall Street Journal on the day loss involving foreign currency is Discovered; or 5. the United States of America dollar value of any precious metals based on the rate of exchange published in The Wall Street Journal Cash Prices, Precious Metals, on the day loss involving foreign currency is Discovered. 17. Section XVIII, SUBROGATION, is deleted and replaced with the following: Section XVIII. RECOVERIES Recoveries for any loss under this coverage, whether effected by the Insurer or by an Insured, less the cost of recovery, shall be distributed as follows: PF-48257 (og/18) Risk Mudgmeni nhiakm WoEwm & APPROVED BY: Risk K—g—t Cl a i-[ Aide