2021-22 Employee & Public Officials Dishonesty Coverage
Declarations – Employee and Public Officials Dishonesty Coverage
2021-22 Property/Liability Coverage Documents Employee Dishonesty:1 of 2 Tel 800.537.7790
Special District Risk Management Authority Fax 916.231.4111
Rev. 07/01/2021 www.sdrma.org
MEMBER COVERED:Costa Mesa Sanitary District
290 Paularino Avenue
Costa Mesa, California 92626
Your District/Agency has elected to participate in the risk financing
coverage programs described below as “THE PACKAGE PROGRAM” and
in such other programs as are indicated herein. These DECLARATIONS
together with the Memorandum, the Employee and Public Officials
Dishonesty Coverage Policy attached as Exhibit D, the terms and
conditions of the Sixth Amended and Restated Joint Powers
Agreement and Bylaws, or successor documents thereto, constitute
the entire agreement concerning risk-financing coverage between the
Special District Risk Management Authority and your District/Agency.
Please read the Sixth Amended and Restated Joint Powers Agreement
and Bylaws of the Special District Risk Management Authority
(hereinafter “SDRMA”), or successor documents thereto, together
with the Memorandum of Coverages, hereinafter referred to as the
“Memorandum” and the policy(ies) attached as Exhibit(s) to ascertain
all of your District's/Agency's rights and obligations regarding its
relationship with the Special District Risk Management Authority.
COVERAGE PERIOD: July 1, 2021 at 12:01 a.m. to July 1, 2022 12:01 a.m.
III. EMPLOYEE AND PUBLIC
OFFICIALS DISHONESTY
PROGRAM
The company identified in Exhibit D will indemnify the Member for
any loss of money or securities, belonging to the Member, or in which
the Member has a pecuniary interest, or for which the Member is
legally liable, or which is held by the Member in any capacity, whether
the Member is legally liable therefore or not, which the Member shall,
during the term of this Memorandum, sustain or discover that they
have sustained, through larceny, theft, embezzlement, forgery,
misappropriation, wrongful abstraction, willful misapplication or other
fraudulent or dishonest act or acts committed by one or more of the
employees, as defined, acting alone or in collusion with others.
"Employee" or "Employees": The terms "employee" or "employees" as
used herein shall mean, respectively, one or more of the natural
persons who on the effective date of this coverage or at any other
time during the term of this coverage, are in the regular service of the
Member in the ordinary course of the Member’s operations, but does
not mean brokers, factors, commission merchants, consignees,
contractors or other agents or representatives of the same general
character. It is agreed that the terms "employee" or "employees" shall
also include volunteers and those officials of the Member, including
members of the Board of Directors, who, whether elected or
appointed, comprise the governing body of the Member.
LIMIT(S)$1,000,000 per loss, subject to terms, conditions and exclusions as
Declarations – Employee and Public Officials Dishonesty Coverage
2021-22 Property/Liability Coverage Documents Employee Dishonesty:2 of 2 Tel 800.537.7790
Special District Risk Management Authority Fax 916.231.4111
Rev. 07/01/2021 www.sdrma.org
provided in the excess policy contained in Exhibit D.
NOTE 1: AS RESPECTS EMPLOYEE DISHONESTY COVERAGE, ABOVE:
Coverage for Employee Dishonesty is furnished solely by the insurance
policy(ies) referred to herein. SDRMA shall be obligated to pay only the
deductible specified in the insurance policy(ies).
MEMBER DEDUCTIBLE $0
This information is provided as a general description only and is not intended to supersede specific policy documents. In the
event of a conflict in language, the policy(ies) will be the controlling document.
7807496.1