Insuring Agreement
Whereas the Insured by a Proposal and Declaration which shall be the basis of
this contract and is deemed to be incorporated herein has applied to Paofoong
Insurance Company (Hong Kong) Limited (hereinafter called the Company) for
the insurance hereinafter contained and has paid or agreed to pay the premium
as consideration for such insurance the Company will provide insurance in the
terms of this Policy.
Now this Policy witnesseth that if during the period of insurance the Insured
shall sustain any loss of monies or goods belonging to them or for which they
are responsible as the result of any act of Fraud or Dishonest (hereinafter called
“the acts insured against") committed by any Employee described in the
Schedule whilst employed in the Capacity set in the Specification during the
said period of insurance the Company will make good to the Insured such loss
after deduction of all salary, commission, monies or assets the property of the
Employee that may be in or come into the hands or under the control of the
Insured up to an amount not exceeding for all the acts insured against committed
by the Employee during the whole period of the subsistence of this Policy the
sum set opposite to the name of such employee in the said Specification.
Insuring AgreementIn consideration of the Insured having paid or agreed to pay to PaofoongInsurance Company (Hong Kong) Limited (hereinafter called th...
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