Identity Fraud Financial Reimbursement is underwritten by American Bankers Insurance Company of Florida in all states except MN. In MN, Identity Fraud Financial Reimbursement is underwritten by American Security Insurance Company. American Bankers Insurance Company of Florida and American Security Insurance Company are Assurant Specialty Property companies. This benefit is underwritten pursuant to an identity fraud blanket and/or group policy issued to CSIdentity Corporation, a Delaware Corporation, for benefit of its members.
Various provisions in these Terms and Conditions restrict coverage. Read the Terms and Conditions carefully to determine rights, duties and what is and is not covered.
|Coverage||Aggregate Limit of Liability|
|Identity Fraud — Expense Reimbursement||$1,000,000 per Association Member per 12 Month Period|
Access Device means a card (including credit, debit and ATM cards), code, PIN, password, personal check or other similar means of access to the association member's account at a financial institution that may be used by the association member to gain access to said account for the purpose of withdrawing or transferring funds, making purchases, or making long distance or cellular/digital (wireless) telephone calls.
Association or Policyholder means CSIdentity Corporation, a Delaware Corporation.
Association member means a member, customer, cardholder, borrower, or employee of the Policyholder who is in good standing with the Policyholder:
Date of Discovery occurs when the association member first becomes aware of facts which would cause a reasonable person to assume that a loss covered by this insurance has been or will be incurred, even though the exact amount or details of loss may not then be known. Discovery also occurs when the association member receives notice of an actual or potential claim against the association member involving loss covered under this insurance.
Direct Loss means a loss which occurs directly and immediately when a covered cause of loss affects covered property.
Effective Date refers to the date that the association member is enrolled in the membership program that includes this Identity Fraud coverage.
Family member means the spouse, parent, siblings, children, relations by marriage and/or any other member of, or persons residing in the association member's household.
Forgery means the signing of the name of another person or organization with intent to deceive; it does not mean a signature, which consists in whole or in part of one's own name signed, in any capacity, for any purpose.
Fraud or embezzlement means:
Identity Fraud means the act of knowingly transferring or using, without lawful authority, a means of identification of the association member with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal, State or local law.
Loss means the expenses and legal costs incurred by the association member as the direct result of a covered transaction.
Legal Costs means the costs, up to a maximum of $75 per hour, for reasonable fees for an attorney selected by the association member and related court fees, incurred by the association member with our consent, for:
Occurrence means an incident of an actual or attempted fraudulent, dishonest or criminal act or series of related acts, whether committed by one or more persons.
Occurrence date means the earliest possible date of discovery.
Proof of Loss means receipts for reasonable out of pocket expenses.
Stolen Identity Event means the theft, unauthorized, or illegal use of the association member's name, social security number, or other method of identifying the association member.
We, Us, and Our means the company providing this insurance which is, American Bankers Insurance Company of Florida in all states except MN. In MN, we, us and our refers to American Security Insurance Company.
We will reimburse the association member for expenses and legal costs incurred by the association member, up to the Aggregate Limit of Liability shown on the Limits of Insurance section of these Terms and Conditions, as the direct result of the following:
Identity Fraud Insurance does not cover:
Limits of Insurance - Our maximum limit of liability for loss under these Terms and Conditions shall not exceed the applicable limit stated on the Limits of Insurance section of these Terms and Conditions.
All loss incidental to an actual or attempted fraudulent, dishonest or criminal act or series of related acts, whether committed by one or more persons, shall be deemed to arise out of one occurrence.
Our total aggregate limit of liability shown on the Limits of Insurance section of these Terms and Conditions will be the maximum amount we will pay for all covered losses per association member regardless of the number of losses that occur for any one association member per twelve (12) month period.
all at such reasonable times and places as we shall designate.
The association member shall not voluntarily assume or admit any liability, nor, except at said association member's own cost, voluntarily make any payment or incur any expense without our prior written consent, such consent not to be unreasonably withheld.
The association member shall keep books, receipts, bills and other records in such manner that we can accurately determine the amount of any loss. At any time subsequent to the reporting of the loss to us, we may examine and audit the association member's books and records as they relate to a loss under this coverage
Identity Fraud Expense Reimbursement is provided under a Blanket Policy issued to CSIdentity Corporation, a Delaware Corporation, in all states except NY, MN and TX. In NY, MN and TX Identity Fraud Expense Reimbursement is provided under Group Policies issued to CSIdentity Corporation, a Delaware Corporation.
To obtain a complete copy of the Identity Fraud Expense Reimbursement policies issued to CSIdentity Corporation, a Delaware Corporation, contact Assurant Specialty Property at 1 (866) 237-5240.