GOVERNMENT EMPLOYEE THEFT AND FORGERY POLICY - CR 00 30, DISCOVERY FORM AND CR 00 31, LOSS SUSTAINED FORM

(July 2019)

INTRODUCTION

The Insurance Services Office (ISO) Government Employee Theft and Forgery Policies are restricted versions of the ISO Government Crime Coverage Form or Policy. Many parts of the ISO Government Crime Coverage Form or Policy are not in the Government Employee Theft and Forgery Policies. It is available only as a separate, "Fidelity Only" Policy.

There are two different policy forms:

• CR 00 30–Government Employee Theft and Forgery Policy (Discovery Form)
• CR 00 31–Government Employee Theft and Forgery Policy (Loss Sustained Form)

This analysis compares CR 00 31–Government Employee Theft and Forgery Policy (Loss Sustained Form) to CR 00 27–Government Crime Policy (Loss Sustained Form).

Related Article: ISO Government Crime Coverage Forms and Policies

CR DS 08–GOVERNMENT EMPLOYEE THEFT AND FORGERY POLICY DECLARATIONS

The only difference between the CR DS 08–Government Employee Theft and Forgery Policy Declarations and DS 04–Government Crime Policy Declaration is that the only insuring agreements listed are:

1. Employee Theft-Per Loss Coverage

2. Employee Theft-Per Employee Coverage

3. Forgery or Alteration

CR 00 31–GOVERNMENT EMPLOYEE THEFT AND FORGERY POLICY (LOSS SUSTAINED FORM) ANALYSIS

INSURING AGREEMENTS

The following insuring agreements in the Government Crime Policy are not in the Government Employee Theft and Forgery Policy:

• Inside the Premises–Theft of Money and Securities
• Inside the Premises–Robbery or Safe Burglary of Other Property
• Outside the Premises
• Computer Fraud
• Funds Transfer Fraud
• Money Order and Counterfeit Money

This policy includes only the Employee Theft – Per Loss, Employee Theft – Per Employee and Forgery or Alteration insuring agreements. The language in these insuring agreements is identical to the language for the same insuring agreements in the Government Crime Policy.

LIMITS AND DEDUCTIBLES

The Limits and Deductible sections are identical in both policies.

EXCLUSIONS

1. The following exclusions in the Government Crime Policy are not in the Government Employee Theft and Forgery Policy:

• Nuclear Hazard
• Pollution
• War and Military Action
• Exclusions that apply to Insuring Agreements A. 4., A. 5., A. 6.,and A. 7. are not in the Government Employee Theft and Forgery Policy because it does not include those Insuring Agreements.

2. Acts Committed by Your Officials, Employees or Representatives is slightly rewritten to state that it applies to only Forgery or Alteration coverage instead of the wording in the CR 00 31 that states it applies to all insuring agreements except for Insuring Agreement 1.

CONDITIONS

All conditions in the Government Crime Policy listed under E. 4. Conditions Applicable to Insuring Agreements A.5. and A. 6. and under E. 5. Conditions Applicable to Insuring Agreement A. 7. do not apply to the Government Employee Theft and Forgery Policy because it does not include these insuring agreements.

Conditions E. 1. a. is titled Additional Premises or Employees in the Commercial Crime Policy but Conditions E. 1. a. is titled Additional Employees in the Employee Theft or Forgery Policy because premises is not relevant to Insuring Agreements 1 and 2.

DEFINITIONS

The following defined terms in the Government Crime Policy are not in the Government Employee Theft and Forgery Policy because the coverages they apply to are not part of that policy.

• Computer program
• Computer system
• Counterfeit money
• Custodian
• Electronic data
• Financial institution
• Financial institution premises
• Fraudulent instruction
• Messenger
• Robbery
• Safe burglary
• Transfer account
• Watchperson