A Treatise On Guaranty Insurance Including Therein As Subsidiary Branches of Th

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A Treatise On Guaranty Insurance Including Therein As Subsidiary Branches of Th
Thomas Gold Frost
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Turning now to the first line of decisions above referred to, attention is called to the case of the American Surety Com- pany V. Pauly. I The policy contained a provision to the effect that the in- sured should within three months next after notice, accom- panied by satisfactory proof of loss, as hereinafter mentioned, had been given to the company, make good and reimburse to the employer all and any pecuniary loss sustained by the em- ployer of moneys, securities, or other personal property i...n the possession of the employee, or for the possession of which he was responsible, by any act of fraud or dishonesty, on the part of the employee, in connection with the duties of the office or position hereinbefore referred to, or the duties to which, in the employer's service, he may be subsequently appointed, and occurring during the continuance of the policy, and discovered during said continuance, or within six montlis thereafter, and within six months from the death or dismissal or retirement of the employee from the service of the em- ployer.

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