Please be advised that all references
to the address 175 Water Street, New York, NY 10038 contained in the Policy, Policy Declarations, riders, endorsements, and Policy notices
are hereby deleted in their entirety and replaced with the following: 1271 Ave of the Americas FL 37, New York, NY 10020-1304
All other terms and conditions of the Policy remain the same.
Thank you for purchasing insurance
from a member company of American International Group, Inc. (AIG). The AIG member companies
generally pay compensation to brokers and independent agents, and may have paid compensation in connection with your policy. You can review
and obtain information about the nature and range of compensation paid by AIG member companies to brokers and independent agents in the
United States by visiting our website at www.aig.com/producer-compensation
or by calling 1-800-706-3102.
National Union Fire Insurance Company of Pittsburgh,
Pa.
| Item 3. | Limit of Liability--Subject to Sections 9, 10 and 12 hereof, |
| Amount applicable to |
Limit of Liability |
Deductible |
| Insuring Agreement (A)-FIDELITY |
$10,000,000 |
$50,000 |
| Insuring Agreement (B)-AUDIT EXPENSE |
$250,000 |
$5,000 |
| Insuring Agreement (C)-ON PREMISES |
$10,000,000 |
$50,000 |
| Insuring Agreement (D)-IN TRANSIT |
$10,000,000 |
$50,000 |
| Insuring Agreement (E)-FORGERY OR ALTERATION |
$10,000,000 |
$50,000 |
| Insuring Agreement (F)-SECURITIES |
$10,000,000 |
$50,000 |
| Insuring Agreement (G)-COUNTERFEIT CURRENCY |
$10,000,000 |
$50,000 |
| Insuring Agreement (H)-STOP PAYMENT |
$250,000 |
$25,000 |
|
Insuring Agreement (I)-UNCOLLECTIBLE ITEMS OF
DEPOSIT
Optional Insuring Agreements and Coverages:
Insuring Agreement (J)-COMPUTER SYSTEMS
FRAUD |
$1,000,000
$10,000,000 |
$25,000
$50,000 |
|
Insuring Agreement (K)-UNAUTHORIZED SIGNATURES
Insuring Agreement (L)-AUTOMATED PHONE SYSTEMS |
see endorsement # 33
$10,000,000 |
$50,000 |
All rights reserved.
41205 (04/95)
If “Not Covered” is inserted
above opposite any specified Insuring Agreement or Coverage, such Insuring Agreement or Coverage and any other reference thereto in this
bond shall be deemed to be deleted therefrom.
Item
4. Offices or Premises Covered--Offices acquired or established subsequent
to the effective date of this bond are covered according to the terms of General Agreement
A. All the Insured's offices or premises in existence at the time this bond becomes effective are covered under this bond except the offices
or premises located as follows:
| Item 5. | The liability of the Underwriter is subject to the
terms of the following riders attached hereto: Endorsement #1, #2, #3, #4, #5, #6, #7, #8, #9, #10, #11, #12, |
#13, #14, #15, #16, #17, #18, #19, #20, #21, #22, #23, #24,
#25, #26, #27, #28,
#29, #30, #31, #32, #33, #34, #35, #36, #37, #38
Item
6. The Insured by the acceptance of this bond gives to the Underwriter terminating
or cancelling prior bond(s) or policy(ies) No.(s) 04-190-80-19 such termination or cancellation to be effective as of the time this bond
becomes effective.
PREMIUM: $47,418
©All rights reserved.
41205 (04/95)
IN
WITNESS WHEREOF, the Insurer
has caused this Policy to be signed by its President, Secretary and Authorized
Representative. This Policy shall not be valid unless signed below at the time of issuance by an authorized representative of the insurer.
|
|
|
|
 |
|
 |
|
PRESIDENT
National Union Fire Insurance Company of Pittsburgh, Pa.
|
|
SECRETARY
National Union Fire Insurance Company of Pittsburgh, Pa.
|
AUTHORIZED REPRESENTATIVE
______________________________________________________ ______________ ____________________________________________________________
COUNTERSIGNED AT DATE COUNTERSIGNATURE
MARSH USA INC.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036-3712
7235111
©All rights reserved.
41205 (04/95)
National
Union Fire Insurance Company of Pittsburgh, Pa. 
A capital stock company
INVESTMENT
COMPANY BLANKET BOND
The Underwriter,
in consideration of
an agreed premium,
and subject to the
Declarations made a part
hereof, the General
Agreements, Conditions and Limitations
and other terms
of this bond,
agrees with the
Insured, in accordance
with the Insuring
Agreements hereof to which
an amount of
insurance is applicable
as set forth
in Item 3 of the
Declarations and with
respect to loss sustained by
the Insured at
any time but
discovered during the
Bond Period, to indemnify
and hold harmless
the Insured for:
INSURING AGREEMENTS
Loss resulting
from any dishonest or
fraudulent act(s), including Larceny
or Embezzlement committed
by an Employee, committed anywhere
and whether committed
alone or in
collusion with others,
including loss of Property
resulting from such acts
of an Employee,
which Property is
held by the
Insured for any
purpose or in
any capacity and whether so
held gratuitously or not
and whether or
not the Insured
is liable therefor.
Dishonest or fraudulent act(s) as used in this
Insuring Agreement shall mean only dishonest or fraudulent act(s) committed by such Employee with the manifest intent:
| (a) | to cause the
Insured to sustain such
loss; and |
| (b) | to obtain financial
benefit for the
Employee, or for
any other person
or organization intended
by the Employee
to receive such benefit,
other than salaries,
commissions, fees, bonuses,
promotions, awards, profit sharing,
pensions or other employee
benefits earned in
the normal course of
employment. |
Expense
incurred by the Insured
for that part
of the costs
of audits or examinations required
by any governmental
regulatory authority to be conducted
either by such
authority or by an
independent accountant by
reason of the
discovery of loss sustained by
the Insured through
any dishonest or
fraudulent act(s), including Larceny
or Embezzlement of
any of the
Employees. The total
liability of the Underwriter
for such expense by
reason of such acts
of any Employee
or in which such
Employee is concerned
or implicated or
with respect to any
one audit or
examination is limited
to the amount stated
opposite Audit Expense
in Item
3 of the Declarations; it being understood,
however, that
such expense shall be deemed
to be a loss sustained by
the Insured through any
dishonest or fraudulent act(s),
including Larceny or
Embezzlement of one
or more of
the Employees and
the liability under
this paragraph shall
be in addition
to the Limit of liability stated
in Insuring Agreement
(A) in Item 3 of the
Declarations.
Loss of
Property (occurring with or
without negligence or
violence) through robbery, burglary,
Larceny, theft, holdup,
or other fraudulent
means, misplacement, mysterious unexplainable
disappearance, damage thereto
or destruction thereof, abstraction or removal
from the possession,
custody or control
of the Insured,
and loss of subscription, conversion,
redemption or deposit privileges through the
misplacement or loss
of Property, while the
Property is (or
is supposed or
believed by the
Insured to be) lodged
or deposited within
any offices or premises
located anywhere, except in
an office listed in Item 4 of
the Declarations or amendment
thereof or in
the mail or with
a carrier for hire
other than an
armored motor vehicle company, for
the purpose of
transportation.
Offices and Equipment
| (1) | Loss of
or damage to,
furnishings, fixtures,
stationery, supplies
or equipment,
within any of
the Insured's
offices covered under
this bond caused
by Larceny or
theft in, or
by burglary,
robbery or holdup
of such office,
or attempt thereat,
or by vandalism
or malicious mischief;
or |
| (2) | loss through damage to
any such office
by Larceny or
theft in, or
by burglary, robbery
or holdup of
such office or
attempt thereat, or to the interior of
any such office
by |
41206 (9/84)
All rights reserved.
vandalism
or malicious mischief provided, in
any event, that
the Insured is
the owner of such offices, furnishings,
fixtures, stationery, supplies
or equipment or
is legally liable
for such loss
or damage, always
excepting, however, all loss
or damage through
fire.
Loss of
Property (occurring with or without
negligence or violence)
through robbery, Larceny, theft,
holdup, misplacement, mysterious
unexplainable disappearance, being
lost or otherwise made away
with, damage thereto or
destruction thereof, and loss
of subscription, conversion,
redemption or deposit
privileges through the misplacement or
loss of Property,
while the Property
is in transit anywhere
in the custody of
any person or
persons acting as
messenger, except while
in the mail or
with a carrier for
hire, other than an
armored motor vehicle
company, for the
purpose of transportation,
such transit to begin immediately
upon receipt of such Property
by the transporting
person or persons,
and to end immediately
upon delivery thereof at
destination.
Loss through
FORGERY or ALTERATION of,
on or in any
bills of exchange, checks,
drafts, acceptances, certificates
of deposit. promissory notes,
or other written
promises, orders or
directions to pay sums
certain in money,
due bills, money
orders, warrants, orders
upon public treasuries, letters
of credit, written instructions, advices
or applications directed to the Insured,
authorizing or acknowledging the transfer,
payment, delivery or
receipt of funds
or Property, which
instructions or advices or applications
purport to have been
signed or endorsed
by any customer
of the Insured,
shareholder or subscriber
to shares, whether certificated or
uncertificated, of any Investment
Company or by
any financial or
banking institution or stockbroker but which
instructions, advices or applications
either bear the forged
signature or endorsement or
have been altered without
the knowledge and
consent of such customer,
shareholder or subscriber to shares,
whether certificated or uncertificated, of
an Investment Company, financial
or banking institution
or stockbroker, withdrawal orders or
receipts for the withdrawal of
funds or Property,
or receipts or
certificates of deposit
for Property and
bearing the name
of the Insured
as
issuer, or
of another Investment Company for
which the Insured
acts as agent,
excluding, however, any
loss covered under
Insuring Agreement (F) hereof whether
or not coverage for
Insuring Agreement (F) is
provided for in the Declarations
of this bond.
Any check
or draft (a) made
payable to a fictitious payee and endorsed
in the name of
such fictitious payee or (b)
procured in a transaction
with the maker
or drawer thereof or
with one acting
as an agent of
such maker
or drawer
or anyone impersonating another
and made or
drawn payable to the
one so impersonated
and endorsed by
anyone other than
the one impersonated,
shall be deemed
to be forged as
to such endorsement.
Mechanically
reproduced facsimile signatures
are treated the
same as handwritten
signatures.
Loss sustained
by the Insured,
including loss sustained by reason of
a violation of the
constitution, by- laws,
rules or regulations
of any Self Regulatory
Organization of which the
Insured is a member
or which would
have been imposed
upon the Insured
by the constitution,
by- laws, rules
or regulations of
any Self Regulatory Organization if
the Insured had
been a member thereof,
| (1) | through the
Insured's having,
in good faith
and in the
course of business,
whether for its
own account or for
the account of
others, in any
representative, fiduciary,
agency or any
other capacity,
either gratuitously
or |
otherwise,
purchased or otherwise acquired, accepted or received,
or sold or
delivered, or given any
value, extended any
credit or assumed
any liability, on
the faith of,
or otherwise acted upon,
any securities, documents
or other written
instruments which prove
to have been
| (b) | forged as
to the signature of
any maker, drawer, issuer,
endorser, assignor, lessee, transfer
agent or registrar,
acceptor, surety or guarantor
or as to the
signature of any
person signing in
any other capacity,
or |
| (c) | raised or
otherwise altered, or
lost, or stolen, or |
| (2) | through the
Insured's having,
in good faith
and in the
course of
business, |
41206 (9/84)
All rights reserved.
guaranteed
in writing or
witnessed any signatures whether
for valuable consideration
or not and
whether or not such
guaranteeing or witnessing is
ultra vires the
Insured, upon any transfers,
assignments, bills of sale,
powers of attorney, guarantees, endorsements
or other obligations upon
or in connection
with any securities,
documents or other
written instruments and
which pass or purport
to pass title to such
securities, documents or
other written instruments;
EXCLUDING, losses caused
by FORGERY or
ALTERATION of, on or in
those instruments covered
under Insuring Agreement (E) hereof.
Securities,
documents or other
written instruments shall
be deemed to mean
original (including original counterparts) negotiable or
non- negotiable agreements which
in and of
themselves represent an
equitable interest, ownership, or
debt, including an
assignment thereof which
instruments are in
the ordinary course of business,
transferable by delivery
of such agreements
with any necessary
endorsement or assignment.
The word
"counterfeited" as used in
this Insuring Agreement
shall be deemed
to mean any security,
document or other written
instrument which is intended
to deceive and to be
taken for an original.
Mechanically
produced facsimile signatures
are treated the
same as handwritten
signatures.
Loss through
the receipt by
the Insured, in
good faith, of
any counterfeited money
orders or altered
paper currencies or coin
of the United
States of America or Canada
issued or purporting
to have been issued by
the United States
of America or Canada
or issued pursuant to a United
States of America or Canadian statute
for use as
currency.
Loss against
any and all sums which
the Insured shall become
obligated to pay by
reason of the Liability
imposed upon the
Insured by law
for damages:
For having
either complied with
or failed to comply
with any written notice
of any customer, shareholder
or subscriber of
the Insured or any
Authorized Representative of such customer, shareholder
or subscriber to stop
payment of any
check or draft made
or drawn by such
customer, shareholder or subscriber
or any Authorized
Representative of such customer, shareholder or
subscriber, or
For having
refused to pay any
check or draft made
or drawn by any
customer, shareholder or
subscriber of the
Insured or any
Authorized Representative of such customer, shareholder
or subscriber.
(I) UNCOLLECTIBLE ITEMS OF DEPOSIT
Loss resulting
from payments of
dividends or fund
shares, or withdrawals
permitted from any customer's,
shareholder's or subscriber's account based upon
Uncollectible Items of Deposit
of a customer, shareholder or
subscriber credited by
the Insured or the
Insured's agent to such
customer's, shareholder's or subscriber's Mutual
Fund Account; or
loss resulting
from any Item
of Deposit processed through
an Automated Clearing
House which is
reversed by the
customer, shareholder or
subscriber and deemed
uncollectible by the
Insured.
Loss includes dividends and interest accrued
not to exceed 15% of the Uncollectible Items which are deposited.
This
Insuring Agreement applies
to all Mutual Funds with "exchange
privileges" if all
Fund(s) in the exchange program
are insured by
a National Union Fire
Insurance Company of
Pittsburgh, PA for
Uncollectible Items of Deposit. Regardless
of the number
of transactions between Fund(s),
the minimum number of
days of deposit
within the Fund(s)
before withdrawal as
declared in the
Fund(s) prospectus shall begin
from the date
a deposit was first
credited to any Insured
Fund(s).
41206 (9/ 84)
All rights reserved.
GENERAL AGREEMENTS
| A. | ADDITIONAL OFFICES OR EMPLOYEES-
CONSOLIDATION OR MERGER- NOTICE |
| 1. | If the Insured
shall, while this bond
is in force, establish
any additional office
or offices, such
office or offices
shall be automatically
covered hereunder from the
dates of their
establishment, respectively. No notice
to the Underwriter of an
increase during any premium
period in the number
of offices or
in the number of
Employees at any
of the offices
covered hereunder need be given
and no additional
premium need be paid
for the remainder of
such premium period. |
| 2. | If an Investment
Company, named as Insured
herein, shall, while
this bond is in force,
merge or consolidate
with, or purchase
the assets of another
institution, coverage for
such acquisition shall
apply automatically from the
date of acquisition.
The Insured shall
notify the Underwriter
of such acquisition
within 60 days
of said date, and an
additional premium shall be
computed only if
such acquisition involves
additional offices or
employees. |
No statement
made by or
on behalf of the
Insured, whether contained
in the application or
otherwise, shall be
deemed to be a warranty
of anything except that
it is true to the
best of the knowledge
and belief of
the person making
the statement.
| C. | COURT COSTS
AND ATTORNEYS' FEES |
(Applicable
to all Insuring Agreements
or Coverages now
or hereafter forming part
of this bond)
The Underwriter
will indemnify the
Insured against court costs and
reasonable attorneys' fees
incurred and paid by
the Insured in defense,
whether or not
successful, whether or
not fully litigated
on the merits and whether
or not settled
of any suit or legal
proceeding brought against
the Insured to enforce
the Insured's liability
or alleged liability
on account of any
loss, claim or damage
which, if established
against the Insured,
would constitute a loss
sustained by the
Insured covered under
the terms of
this bond provided,
however, that with
respect to Insuring Agreement
(A) this indemnity shall
apply only in the event that
| (1) | an Employee
admits to being
guilty of any dishonest
or fraudulent act(s), including
Larceny or Embezzlement;
or |
| (2) | an Employee
is adjudicated
to be guilty of
any dishonest or
fraudulent act(s), including Larceny
or Embezzlement; |
| (3) | in the absence
of (1) or
(2) above an arbitration
panel agrees, after
a review of an
agreed statement of facts,
that an Employee
would be found
guilty of dishonesty if
such Employee were
prosecuted. |
The Insured
shall promptly give
notice to the Underwriter of any
such suit or legal proceeding
and at the
request of the Underwriter shall furnish
it with copies
of all pleadings
and other papers therein. At the
Underwriter's election the
Insured shall permit
the Underwriter to conduct
the defense of such
suit or legal proceeding,
in the Insured's name,
through attorneys of the
Underwriter's selection. In such
event, the Insured shall
give all reasonable
information and assistance
which the Underwriter
shall deem necessary to the
proper defense of such
suit or legal
proceeding.
If the
amount of the
Insured's liability or
alleged liability is
greater than the
amount recoverable under
this bond, or
if a Deductible Amount
is applicable, or both,
the liability of the Underwriter
under this General
Agreement is limited to the
proportion of court
costs and attorneys'
fees incurred and
paid by the Insured
or by the
Underwriter that the
amount recoverable under
this bond bears to the
total of such amount
plus the amount
which is not so
recoverable. Such indemnity
shall be in
addition to the Limit
of Liability for
the applicable Insuring Agreement
or Coverage.
Acts of
an Employee, as
defined in this
bond, are covered
under Insuring Agreement
(A) only while the
Employee is in the
Insured's employ. Should
loss involving a former Employee of
the Insured be
discovered subsequent to the termination
of employment, coverage
would still apply
under Insuring Agreement (A) if the direct
proximate cause of
the loss occurred
while the former
Employee performed duties within
the scope of
his/ her employment.
41206 (9/ 84)
All rights reserved.
THE FOREGOING INSURING AGREEMENTS AND GENERAL
AGREEMENTS ARE SUBJECT TO
THE FOLLOWING CONDITIONS AND LIMITATIONS:
SECTION 1. DEFINITIONS
The following
terms, as used
in this bond,
shall have the
respective meanings stated
in this Section:
| (1) | any of
the Insured's
officers, partners,
or employees,
and |
| (2) | any of
the officers
or employees
of any
predecessor of the
Insured whose
principal assets
are acquired by
the Insured by
consolidation or
merger with,
or purchase of assets
or capital stock
of such predecessor.
and |
| (3) | attorneys retained
by the Insured
to perform legal services for
the Insured and the
employees of such attorneys while
such attorneys or the
employees of such attorneys are
performing such services
for the Insured,
and |
| (4) | guest students
pursuing their studies
or duties in any
of the Insured's
offices, and |
| (5) | directors or
trustees of the Insured,
the investment
advisor, underwriter (distributor), transfer
agent, or shareholder
accounting record
keeper, or administrator
authorized by written agreement
to keep financial
and/ or other required records, but
only while performing
acts coming within
the scope of
the usual duties of an
officer or employee
or while acting
as a member of
any committee duly
elected or appointed
to examine or audit or have custody
of or access
to the Property of
the Insured, and |
| (6) | any individual
or individuals |
assigned to
perform the usual
duties of an employee within
the premises of
the Insured, by
contract, or by any
agency furnishing temporary
personnel on a contingent
or part- time
basis, and
| (7) | each natural person,
partnership or
corporation authorized
by written agreement
with the Insured to
perform services as electronic
data processor of
checks or other |
accounting
records of the
Insured, but excluding
any such processor
who acts as transfer
agent or in
any other agency
capacity in issuing
checks, drafts or
securities for the Insured, unless included under
Sub- section (9) hereof,
and
| (8) | those persons
so designated
in Section 15,
Central Handling
of Securities, and |
| (9) | any officer, partner
or Employee of |
| b) | an underwriter
(distributor), |
| c) | a transfer agent
or shareholder accounting
record- keeper, or |
| d) | an administrator
authorized by written
agreement to keep
financial and/ or other
required records, |
for an
Investment Company named
as Insured while
performing acts coming
within the scope
of the usual duties of an
officer or Employee
of any Investment
Company named as Insured
herein, or while
acting as a member
of any committee
duly elected or
appointed to examine or
audit or have custody
of or access to the Property
of any such
Investment Company, provided that
only Employees or
partners of a transfer
agent, shareholder accounting record- keeper
or administrator which is
an affiliated person as
defined in the
Investment Company Act of
1940, of an
Investment Company named as
Insured or is an affiliated
person of the
adviser, underwriter or
administrator of such Investment
Company, and which is
not a bank, shall
be included within
the definition of Employee.
Each employer
of temporary personnel or
processors as set
forth in Sub- Sections
(6) and of
Section 1(a) and their
partners, officers and
employees shall collectively
be deemed to be
one person for
all the purposes
of this bond,
excepting, however, the last
paragraph of Section 13.
41206 (9/ 84)
All rights reserved.
Brokers, or other agents under contract or representatives
of the same general character shall not be considered Employees.
| (b) | "Property" means
money (i.e..
currency, coin, bank
notes, Federal Reserve
notes), postage and
revenue stamps, |
U.S. Savings Stamps,
bullion, precious metals
of all kinds and
in any form and articles
made therefrom, jewelry, watches,
necklaces, bracelets, gems,
precious and semi-
precious stones, bonds,
securities, evidences of debts, debentures, scrip,
certificates, interim receipts, warrants,
rights, puts, calls, straddles,
spreads, transfers, coupons,
drafts, bills of
exchange, acceptances, notes, checks, withdrawal
orders, money orders,
warehouse receipts, bills of lading,
conditional sales contracts, abstracts of
title, insurance policies,
deeds, mortgages under real
estate and/ or chattels
and upon interests
therein, and assignments
of such policies, mortgages
and instruments, and other
valuable papers, including books
of account and other
records used by
the Insured in the
conduct of its
business, and all
other instruments similar to or
in the nature of
the foregoing including
Electronic Representations of
such instruments enumerated
above (but excluding
all data processing
records) in which the Insured
has an interest
or in which the
Insured acquired or should
have acquired an
interest by reason
of a predecessor's declared
financial condition at
the time of the Insured's
consolidation or merger
with, or purchase
of the principal
assets of, such
predecessor or which
are held by
the Insured for
any purpose or
in any capacity and whether so held
by the Insured
for any purpose
or in any
capacity and whether so held gratuitously
or not and
whether or not
the Insured is
liable therefor.
| (c) | "Forgery" means
the signing of
the name of another
with intent
to deceive; it does
not include the signing
of one's own name
with or without
authority, in any
capacity, for any
purpose. |
| (d) | "Larceny and
Embezzlement" as
it applies to any
named Insured means
those acts as set
forth in Section
37 of |
the Investment Company Act of 1940.
| (e) | "Items of
Deposit" means any
one or more
checks and drafts. Items
of Deposit shall
not be deemed
uncollectible until
the Insured's
collection procedures
have failed. |
SECTION 2. EXCLUSIONS
THIS BOND DOES NOT COVER:
| (a) | loss effected
directly or indirectly
by means of
forgery or alteration
of, on or
in any instrument,
except when covered
by Insuring
Agreement (A), (E), |
(F) or (G).
| (b) | loss due
to riot or civil
commotion outside the
United States of
America and Canada; or
loss due to military,
naval or usurped
power, war or
insurrection unless such loss
occurs in transit
in the circumstances recited in
Insuring Agreement (D), and
unless, when such
transit was initiated,
there was no knowledge
of such riot, civil commotion, military, naval
or usurped power,
war or insurrection
on the part
of any person
acting for the
Insured in initiating
such transit. |
| (c) | loss, in
time of peace or war,
directly or indirectly
caused by or
resulting from
the effects of
nuclear fission
or fusion or radioactivity; provided, however,
that this paragraph
shall not apply
to loss resulting from
industrial uses of nuclear
energy. |
| (d) | loss resulting
from any wrongful
act or acts
of any person
who is a
member of the
Board of Directors of
the Insured or
a member of any
equivalent body by whatsoever
name known unless
such person is
also an Employee
or an elected
official, partial owner or partner
of the Insured
in some other
capacity, nor, in
any event, loss
resulting from the act
or acts of
any person while
acting in the capacity
of a member of
such Board or equivalent body. |
| (e) | loss resulting
from the complete
or partial
non- payment of,
or default upon,
any loan or
transaction in
the nature
of, or amounting
to, a loan
made by or
obtained from the Insured
or any of
its partners, directors or
Employees, whether authorized
or unauthorized and
whether procured in good
faith or through
trick, artifice, fraud
or false pretenses.
unless such |
41206 (9/ 84)
All rights reserved.
loss is
covered under Insuring
Agreement (A), (E) or (F).
| (f) | loss resulting
from any violation
by the Insured
or by any Employee |
| (1) | of law
regulating (a)
the issuance,
purchase or sale
of securities,
(b) securities
transactions upon Security Exchanges or over
the counter market, (c)
Investment Companies,
or (d) Investment
Advisors, or |
| (2) | of any
rule or regulation
made pursuant to any
such law, unless
such loss, in
the absence of such laws,
rules or regulations, would
be covered under
Insuring Agreements |
| (g) | loss of
Property or loss
of privileges
through the misplacement
or loss of
Property as set
forth in Insuring
Agreement (C) or
(D) while the Property
is in the
custody of any
armored motor vehicle company,
unless such loss
shall be in
excess of the
amount recovered or
received by the
Insured under (a) the
Insured's contract with
said armored motor
vehicle company, (b)
insurance carried by said
armored motor vehicle
company for the
benefit of users of
its service, and
(c) all other
insurance and indemnity in
force in whatsoever
form carried by
or for the
benefit of users of
said armored motor
vehicle company's service,
and then this bond
shall cover only such
excess. |
| (h) | potential income,
including but
not |
limited to
interest and dividends,
not realized by the
Insured because of a loss
covered under this
bond, except as
included under Insuring Agreement
(I).
| (i) | all damages
of any type
for which the
Insured is legally
liable, except
direct compensatory
damages arising from
a loss covered under
this bond. |
| (j) | loss through the
surrender of
Property away
from an office
of the Insured
as a result
of a threat |
| (1) | to do bodily
harm to any person,
except loss of
Property in transit
in the custody of
any person acting
as messenger provided
that when such
transit was initiated
there was no knowledge
by the Insured of
any such threat,
or |
| (2) | to do damage
to the premises or |
Property
of the Insured,
except when covered
under Insuring Agreement (A).
| (k) | all costs,
fees and other
expenses incurred
by the Insured
in establishing
the existence
of or amount
of loss covered
under this bond
unless such
indemnity is
provided for under
Insuring Agreement
(B). |
| (l) | loss resulting
from payments
made or withdrawals
from the account
of a customer
of the Insured,
shareholder or subscriber
to shares involving funds
erroneously credited to such
account, unless such payments
are made to or
withdrawn by such depositor
or representative of such
person, who is
within the premises
of the drawee
bank of the Insured
or within the
office of the Insured
at the time of
such payment or
withdrawal or unless
such payment is
covered under Insuring Agreement (A). |
| (m) | any loss
resulting from Uncollectible
Items of Deposit
which are drawn
from a financial
institution outside the
fifty states of the
United States of
America, District of
Columbia, and territories
and possessions of
the United States
of America, and Canada. |
SECTION 3.
ASSIGNMENT OF RIGHTS
This bond
does not afford
coverage in favor
of any Employers
of temporary personnel
or
of processors
as set forth
in sub- sections
(6) and (7) of
Section 1(a) of this bond,
as aforesaid, and
upon payment to the Insured
by the Underwriter
on account of any
loss through dishonest or
fraudulent act(s) including
Larceny or Embezzlement
committed by any
of the partners,
officers or employees
of such Employers, whether
acting alone or in
collusion with others,
an assignment of
such of the Insured's rights
and causes of
action as it may
have against such
Employers by reason
of such acts so
committed shall, to the
extent of such payment,
be given by
the Insured to the
Underwriter, and the
Insured shall execute
all papers necessary to secure
to the Underwriter the
rights herein provided
for.
SECTION 4. LOSS- NOTICE- PROOF- LEGAL PROCEEDINGS
This bond
is for the use and
benefit only of
the Insured named
in the Declarations and
the Underwriter shall not
be liable hereunder
for
41206 (9/ 84)
All rights reserved.
loss sustained
by anyone other than
the Insured unless the
Insured, in its
sole discretion and at
its option, shall
include such loss
in the Insured's
proof of loss.
At the earliest
practicable moment after
discovery of any
loss hereunder the
Insured shall give the
Underwriter written notice
thereof and shall
also within six
months after such
discovery furnish to the
Underwriter affirmative proof
of loss with
full particulars. If claim
is made under
this bond for
loss of securities
or shares, the
Underwriter shall not be
liable unless each
of such securities or
shares is identified
in such proof
of loss by
a certificate or bond
number or, where
such securities or
shares are uncertificated,
by such identification means
as agreed to by
the Underwriter. The
Underwriter shall have thirty
days after notice
and proof of
loss within which
to investigate the claim,
but where the
loss is clear
and undisputed, settlement
shall be made within
forty- eight hours; and this
shall apply notwithstanding the loss
is made up
wholly or in
part of securities of
which duplicates may
be obtained. Legal
proceedings for recovery
of any loss
hereunder shall not
be brought prior
to the expiration of sixty
days after such
proof of loss
is filed with
the Underwriter nor
after the expiration of twenty-
four months from
the discovery of
such loss, except that
any action or proceeding
to recover hereunder on account
of any judgment
against the Insured
in any suit
mentioned in General
Agreement C or to recover attorneys'
fees paid in any
such suit, shall
be begun within
twenty- four months
from the date
upon which the
judgment in such
suit shall become final. If any
limitation embodied in
this bond is
prohibited by any law controlling
the construction hereof, such
limitation shall be
deemed to be amended
so as to be
equal to the minimum
period of limitation
permitted by such law.
Discovery occurs when the Insured
| (a) | becomes aware
of facts,
or |
| (b) | receives written
notice of an
actual or potential
claim by a
third party which alleges that
the Insured is
liable under circumstance |
which would
cause a reasonable person to assume
that a loss covered by
the bond has
been or will
be incurred even
though the exact
amount or details of
loss may not be then known.
SECTION 5. VALUATION OF PROPERTY
The value of any Property, except books of
accounts
or other records used
by the Insured
in the conduct
of its business,
for the loss
of which a claim
shall be made hereunder,
shall be determined
by the average
market value of
such Property on the
business day next
preceding the discovery
of such loss;
provided, however, that the
value of any
Property replaced by
the Insured prior
to the payment of claim
therefor shall be the
actual market value
at the time of
replacement; and further
provided that in case
of a loss or misplacement
of interim certificates, warrants, rights,
or other securities, the
production which is
necessary to the exercise
of subscription, conversion, redemption
or deposit privileges, the
value thereof shall
be the market
value of such privileges
immediately preceding the expiration thereof
if said loss
or misplacement is
not discovered until
after their expiration. If no
market price is quoted
for such Property
or for such
privileges, the value
shall be fixed
by agreement between
the parties or by
arbitration.
In case
of any loss
or damage to Property
consisting of books of accounts
or other records used
by the Insured
in the conduct
of its business,
the Underwriter shall be
liable under this bond
only if such books or records
are actually reproduced and
then for not more
than the cost
of blank books, blank
pages or other
materials plus the cost
of labor for
the actual transcription
or copying of
data which shall have
been furnished by
the Insured in
order to reproduce such
books and other records.
SECTION 6. VALUATION OF PREMISES AND FURNISHINGS
In case
of damage to any
office of the
Insured, or loss
of or damage to the
furnishings, fixtures, stationery,
supplies, equipment, safes or
vaults therein, the
Underwriter shall not be
liable for more
than the actual cash value thereof,
or for more than
the actual cost
of their replacement
or repair. The
Underwriter may, at its election,
pay such actual
cash value or make
such replacement or
repair. If the Underwriter
and the Insured
cannot agree upon
such cash value or
such cost of replacement
or repair, such
shall be determined
by arbitration.
SECTION 7. LOST SECURITIES
If the
Insured shall sustain
a loss of securities
the total value
of which is
in excess of
the limit stated
in Item 3 of the
Declarations of this
bond, the liability
of the Underwriter shall
41206 (9/ 84)
All
rights reserved.
be limited
to payment for, or
duplication of, securities
having value equal
to the limit stated
in Item 3 of the
Declarations of this
bond.
If the
Underwriter shall make
payment to the Insured
for any loss
of securities, the
Insured shall thereupon
assign to the Underwriter
all of the
Insured's rights, title
and interests in
and to said securities.
With respect
to securities the value
of which do not
exceed the Deductible
Amount (at the
time of the
discovery of the
loss) and for
which the Underwriter
may at its
sole discretion and option
and at the request
of the Insured
issue a Lost Instrument Bond
or Bonds to effect replacement thereof,
the Insured will
pay the usual
premium charged therefor
and will indemnify
the Underwriter against
all loss or
expense that the Underwriter
may sustain because
of the issuance
of such Lost Instrument
Bond or Bonds.
With respect
to securities the value
of which exceeds
the Deductible Amount
(at the time
of discovery of the
loss) and for
which the Underwriter
may issue or
arrange for the issuance
of a Lost Instrument
Bond or Bonds
to effect replacement thereof,
the Insured agrees
that it will pay
as premium therefor
a proportion of the
usual premium charged
therefor, said proportion
being equal to the percentage
that the Deductible
Amount bears to the value
of the securities
upon discovery of the loss,
and that it will
indemnify the issuer
of said Lost Instrument
Bond or Bonds
against all loss
and expense that
is not recoverable from
the Underwriter under
the terms and conditions
of this INVESTMENT COMPANY
BLANKET BOND subject to the
Limit of Liability hereunder.
SECTION 8. SALVAGE
In case
of recovery, whether made
by the Insured
or by the Underwriter,
on account of any
loss in excess
of the Limit
of Liability hereunder
plus the Deductible
Amount applicable to such
loss from any source
other than suretyship,
insurance, reinsurance, security or indemnity
taken by or
for the benefit
of the Underwriter, the
net amount of
such recovery, less the
actual costs and
expenses of making
same, shall be
applied to reimburse the
Insured in full for the
excess portion of
such loss, and the
remainder, if any,
shall be paid
first in reimbursement
of the Underwriter
and thereafter in
reimbursement of the
Insured for that
part of
such loss
within the Deductible
Amount. The Insured shall
execute all necessary
papers to secure to the
Underwriter the rights
provided for herein.
SECTION 9. NON- REDUCTION AND NON- ACCUMULATION
OF LIABILITY AND TOTAL LIABILITY
At all
times prior to termination
hereof this bond
shall continue in force for
the limit stated in
the applicable sections of
Item 3 of the
Declarations of this
bond notwithstanding any
previous loss for which
the Underwriter may
have paid or
be liable to pay
hereunder; PROVIDED, however, that
regardless of the
number of years
this bond shall
continue in force
and the number of
premiums which shall
be payable or paid, the
liability of the Underwriter under this
bond with respect
to all loss resulting from
| (a) | any one
act of burglary,
robbery or holdup,
or attempt thereat,
in which no Partner
or Employee is
concerned or
implicated shall
be deemed to
be one loss, or |
| (b) | any one
unintentional or negligent
act on the
part of any one
person resulting
in damage to
or destruction or
misplacement of Property, shall be
deemed to be one
loss, or |
| (c) | all wrongful
acts, other than
those specified in
(a) above, of
any one person
shall be deemed
to be one loss,
or |
| (d) | all wrongful
acts, other than
those specified in
(a) above, of
one or more
persons (which
dishonest act(s)
or act(s) of
Larceny or Embezzlement
include, but are
not limited to, the
failure of an
Employee to report
such acts of
others) whose dishonest
act or acts
intentionally or unintentionally, knowingly or
unknowingly, directly or indirectly, aid
or aids in
any way, or
permits the continuation
of, the dishonest
act or acts
of any other
person or persons
shall be deemed
to be one loss with
the act or
acts of the
persons aided, or |
| (e) | any one
casualty or event other
than |
those specified in (a), (b), (c) or (d) preceding,
shall be deemed to be one loss, and
shall be
limited to the applicable
Limit of Liability stated
in Item 3 of the
Declarations of this
bond irrespective of the
total amount
of such loss
or losses and
shall not be
cumulative in amounts
from year to year
or
41206 (9/ 84)
All rights reserved.
from period to period.
Sub- section
(c) is not
applicable to any situation to which
the language of
sub- section (d) applies.
SECTION 10.
LIMIT OF LIABILITY
With respect
to any loss set
forth in the
PROVIDED clause of Section 9 of this
bond which is recoverable
or recovered in
whole or in
part under any
other bonds or policies
issued by the
Underwriter to the Insured
or to any predecessor
in interest of
the Insured and
terminated or cancelled
or allowed to expire and in
which the period for
discovery has not
expired at the
time any such
loss thereunder is
discovered, the total
liability of the Underwriter
under this bond
and under other bonds
or policies shall
not exceed, in
the aggregate, the
amount carried hereunder
on such loss
or the amount
available to the Insured
under such other bonds or policies,
as limited by
the terms and
conditions thereof, for
any such loss
if the latter amount
be the larger.
SECTION 11. OTHER INSURANCE
If the Insured shall hold, as indemnity against any loss
covered hereunder, any valid and enforceable
insurance or surety ship, the Underwriter
shall be liable hereunder only for such amount of
such loss which is in excess of the amount of
such other insurance or surety
ship, not exceeding, however, the Limit of Liability of this bond applicable to such loss.
SECTION 12. DEDUCTIBLE
The Underwriter
shall not be liable
under any of
the Insuring Agreements of
this bond on
account of loss
as specified, respectively, in
sub- sections (a),
(b), (c), (d) and (e)
of Section 9, NON-
REDUCTION AND NON- ACCUMULATION OF LIABILITY AND TOTAL
LIABILITY, unless
the amount of
such loss, after deducting
the net amount
of all reimbursement
and/ or recovery obtained
or made by
the Insured, other than
from any bond or
policy of insurance
issued by an
insurance company and
covering such loss,
or by the
Underwriter on account thereof
prior to payment by the
Underwriter of such loss,
shall exceed the
Deductible Amount set
forth in Item 3 of
the Declarations hereof
(herein called Deductible Amount) and
then for such excess
only, but in
no event for
more than the
applicable Limit of
Liability stated in
Item 3 of the Declarations.
The
Insured will bear,
in addition to the
Deductible Amount, premiums on Lost Instrument
Bonds as set forth in Section 7.
There shall be no deductible applicable to
any loss under Insuring Agreement A sustained by any Investment Company named as Insured herein.
SECTION 13. TERMINATION
The Underwriter
may terminate this bond
as an entirety by
furnishing written notice
specifying the termination date
which cannot be prior
to 60 days after
the receipt of such
written notice by
each Investment Company
named as Insured and
the Securities and
Exchange Commission, Washington, D.C.
The Insured may
terminate this bond
as an entirety by
furnishing written notice
to the Underwriter. When
the Insured cancels, the
Insured shall furnish written
notice to the Securities
and Exchange Commission,
Washington. D.C. prior
to 60 days before
the effective date of
the termination. The
Underwriter shall notify all other
Investment Companies named as Insured
of the receipt
of such termination
notice and the
termination cannot be effective
prior to 60 days
after receipt of
written notice by
all other Investment Companies.
Premiums are earned
until the termination
date as set
forth herein.
This Bond
will terminate as
to any one Insured
immediately upon taking over
of such Insured by
a receiver or other
liquidator or by State or
Federal officials, or immediately
upon the filing
of a petition under
any State or
Federal statute relative to bankruptcy
or reorganization of
the Insured, or
assignment for the benefit
of creditors of the
Insured. or immediately upon
such Insured ceasing to exist,
whether through merger
into another entity,
or by disposition
of all of
its assets.
The Underwriter
shall refund the unearned premium
computed at short
rates in accordance
with the standard
short rate cancellation
tables if terminated
by the Insured
or pro rata if terminated
for any other
reason.
This Bond shall terminate
| (a) | as to
any Employee as
soon as any
partner, officer or
supervisory Employee of the
Insured, who is
not in collusion
with such Employee,
shall learn of any dishonest
or fraudulent act(s),
including Larceny or
Embezzlement on the
part of such Employee without
prejudice to the loss
of any Property
then in transit
in the custody of
such Employee (See |
41206 (9/ 84)
All rights reserved.
Section 16[d]), or
| (b) | as to
any Employee 60
days after receipt
by each Insured and
by the Securities
and Exchange Commission of
a written notice from
the Underwriter of its
desire to terminate this
bond as to such
Employee, or |
| (c) | as to
any person, who
is a partner, officer
or employee of
any Electronic Data
Processor covered under this
bond, from and
after the time
that the Insured
or any partner
or officer thereof not
in collusion with
such person shall
have knowledge or information
that such person
has committed any dishonest or
fraudulent act(s), including
Larceny or Embezzlement
in the service of the
Insured or otherwise, whether
such act be
committed before or after
the time this bond
is effective. |
SECTION 14. RIGHTS AFTER TERMINATION OR CANCELLATION
At any
time prior to the
termination or cancellation
of this bond
as an entirety, whether
by the Insured
or the Underwriter,
the Insured may
give to the Underwriter
notice that it desires
under this bond
an additional period
of 12 months
within which to discover loss sustained by
the Insured prior
to the effective date of
such termination or cancellation
and shall pay
an additional premium
therefor.
Upon receipt
of such notice from the
Insured, the Underwriter
shall give its written consent
thereto; provided, however,
that such additional
period of time shall terminate
immediately;
| (a) | on the
effective date of
any other insurance
obtained by the
Insured, its successor
in business or
any other party,
replacing in whole
or in part
the insurance
afforded by this
bond, whether
or not such
other insurance provides coverage
for loss sustained
prior to its
effective date, or |
| (b) | upon takeover
of the Insured's
business by any
State or Federal
official or
agency, or by
any receiver |
or liquidator,
acting or appointed
for this purpose
without
the necessity of
the Underwriter giving notice of such termination.
In the event that
such additional period
of time is terminated,
as provided above, the
Underwriter shall refund any unearned
premium.
The right
to purchase such additional
period for the discovery
of loss may
not be exercised
by any State
or Federal official
or agency, or
by any receiver
or liquidator, acting
or appointed to take
over the Insured's
business for the operation
or for the
liquidation thereof or
for any other
purpose.
SECTION 15. CENTRAL HANDLING OF SECURITIES
Securities
included in the systems
for the central handling
of securities established and
maintained by Depository
Trust Company, Midwest
Depository Trust Company,
Pacific Securities Depository
Trust Company, and
Philadelphia Depository Trust Company,
hereinafter called Corporations, to the
extent of the
Insured's interest therein as
effective by the making
of appropriate entries on the
books and records
of such Corporations shall be
deemed to be Property.
The words
"Employee" and "Employees"
shall be deemed to include
the officers, partners,
clerks and other employees
of the New
York Stock Exchange, Boston Stock Exchange,
Midwest Stock Exchange,
Pacific Stock Ex- change and Philadelphia Stock Exchange,
hereinafter called Exchanges, and of the
above named Corporations, and of any
nominee in whose
name is registered
any security included
within the systems
for the central
handling of securities
established and maintained by
such Corporations, and
any employee of
any recognized service
company, while such
officers, partners, clerks and other
employees and employees of service
companies perform services for such
Corporations in the operation of such
systems. For the
purpose of the
above definition a recognized service
company shall be any company
providing clerks or
other personnel to said
Exchanges or Corporation on
a contract basis.
The Underwriter
shall not be
liable on account of
any loss(es) in
connection with the
central handling of
securities within the
systems established and maintained
by such Corporations,
unless such loss(es) shall be
in excess of
the amount(s) recoverable
or recovered under
any bond or
policy of insurance
indemnifying such Corporations, against
such loss(es), and then the
Underwriter shall be liable
hereunder only for
the Insured's share of such excess
loss(es), but in
no event for
more than the Limit
of Liability applicable hereunder.
41206 (9/ 84)
All rights reserved.
For the
purpose of determining
the Insured's share
of excess loss(es) it
shall be deemed
that the Insured
has an interest
in any certificate representing
any security included within
such systems equivalent to the
interest the Insured
then has in all
certificates representing the
same security included
within such systems
and that such
Corporations shall use their best
judgment in apportioning
the amount(s) recoverable
or recovered under
any bond or
policy of insurance
indemnifying such Corporations against
such loss(es) in
connection with the central
handling of securities
within such systems
among all those
having an interest as
recorded by appropriate
entries in the books
and records of
such Corporations in Property
involved in such loss(es)
on the basis
that each such interest
shall share in the amount(s)
so recoverable or
recovered in the ratio
that the value of
each such interest bears to the total
value of all
such interests and that
the Insured's share
of such excess
loss(es) shall be
the amount of
the Insured's interest
in such Property
in excess of
the amount(s) so
apportioned to the Insured
by such Corporations.
This bond
does not afford
coverage in favor of
such Corporations or Exchanges or
any nominee in
whose name is
registered any security
included within the
systems for the central
handling of securities
established and maintained by
such Corporations, and
upon payment to the
Insured by the
Underwriter on account of
any loss(es) within
the systems, an assignment of
such of the
Insured's rights and
causes of action as
it may have against
such Corporations or
Exchanges shall to the extent of
such payment, be given
by the Insured
to the Underwriter, and
the Insured shall
execute all papers necessary
to secure to the Underwriter
the rights provided for
herein.
SECTION
16. ADDITIONAL COMPANIES INCLUDED AS INSURED
If more
than one corporation,
co- partnership or
person or any
combination of them
be included as
the Insured herein:
| (a) | the total
liability of the
Underwriter hereunder
for loss or losses
sustained by any one
or more or
all of them
shall not exceed
the limit for
which the Underwriter
would be liable
hereunder if
all such loss
were sustained
by any one
of them, |
| (b) | the one
first named herein
shall be deemed
authorized to make,
adjust and |
receive
and enforce payment
of all claims
hereunder and shall
be deemed to be
the agent of
the others for
such purposes and
for the giving or receiving
of any notice
required or permitted
to be given by
the terms hereof,
provided that the
Underwriter shall furnish each named
Investment Company with
a copy of the
bond and with
any amendment thereto,
together with a copy of
each formal filing of
the settlement of
each such claim prior to the
execution of such settlement,
| (c) | the Underwriter
shall not be
responsible for the proper
application of
any payment
made hereunder to said
first named Insured, |
| (d) | knowledge possessed
or discovery
made by any partner,
officer or supervisory
Employee of any
Insured shall
for the purposes
of Section 4 and
Section 13 of
this bond constitute
knowledge or discovery by
all the Insured, and |
| (e) | if the first
named Insured
ceases for any
reason to be
covered under this
bond, then the
Insured next named
shall thereafter be
considered as the first
named Insured for
the purposes of this
bond. |
SECTION 17. NOTICE AND CHANGE OF CONTROL
Upon the
Insured's obtaining knowledge
of a transfer of its
outstanding voting securities
which results in
a change in control
(as set forth in
Section 2(a) (9) of
the Investment Company
Act of 1940) of
the Insured, the
Insured shall within thirty
(30) days of
such knowledge give written notice to the
Underwriter setting forth:
| (a) | the names
of the transferors
and transferees
(or the names
of the beneficial
owners if the
voting securities
are requested
in another name),
and |
| (b) | the total
number of voting
securities owned
by the transferors
and the transferees
(or the beneficial
owners), both immediately before
and after the
transfer, and |
| (c) | the total
number of outstanding
voting securities. |
As used in this section, control means the
power to exercise a controlling influence over the management or policies of the Insured.
Failure
to give the required
notice shall result in
termination of coverage
of this bond,
41206 (9/ 84)
All rights reserved.
effective
upon the date
of stock transfer for
any loss in
which any transferee is
concerned or implicated.
Such notice is not required to be given in the
case of an Insured which is an Investment Company.
SECTION 18. CHANGE OR MODIFICATION
This bond
or any instrument
amending or effecting same
may not be changed
or modified orally. No changes
in or modification
thereof shall be
effective unless made by
written endorsement issued to form
a part hereof over
the signature of
the Underwriter's Authorized
Representative. When a bond
covers only one Investment Company no change
or modification which would adversely
affect the
rights of the
Investment Company shall
be effective prior to 60
days after written
notification has been
furnished to the Securities
and Exchange Commission,
Washington, D.C. by
the Insured or
by the Underwriter.
If more than one
Investment Company is named
as the Insured herein,
the Underwriter shall give written
notice to each Investment
Company and to the
Securities and Exchange Commission,
Washington, D.C. not
less than 60 days
prior to the effective
date of any
change or modification
which would adversely
affect the rights of such Investment
Company.
IN WITNESS WHEREOF,
the Underwriter has
caused this bond
to be executed on
the Declarations Page.
41206 (9/ 84)
All rights reserved.
ENDORSEMENT#
1
This endorsement,
effective
12:01 AM January 31. 2022
forms a part of
policy number
02-778-29-69
issued to BNY
MELLON LARGE CAP SECURITIES FUND. INC. (AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by National
Union Fire Insurance Company of Pittsburgh. Pa.
NEW YORK AMENDATORY ENDORSEMENT - NY STATUTE 3420
Wherever
used in this
endorsement: 1) "we",
"us", "our" and
"Insurer" mean the
insurance company which
issued this policy;
2) "you", "your", "Insured"
and "first Named
Insured" mean the Named
Corporation, Named Entity, Named
Organization, Named Sponsor, Named Insured, or
Insured stated in
the declarations page;
3) "other insured(s)"
means all other
persons or entities afforded
coverage under the
policy; 4) "Discovery
Period" means Discovery Period or
Extended Reporting Period,
as defined in
the policy; and 5)
"Claim" means Claim
or Suit as
defined in the
policy.
It is hereby understood and agreed that the policy is
amended as follows:
| A. | The following
provisions are
hereby added
to the policy: |
FAILURE TO GIVE NOTICE WITHIN PRESCRIBED TIME:
Failure to
give any notice
required to be given
by this policy, or any
policy of which
this is a renewal, within
the prescribed time
shall not invalidate any
Claim made against an Insured
if:
| (a) | it shall
be shown not
to have been reasonably
possible to give notice within the
prescribed time and
that notice was
given as soon
as was reasonably
possible thereafter; or |
| (b) | the failure
to provide timely
notice has not
prejudiced the Insurer. |
Any such Claim
shall be deemed
to have been first
made against the
Insured and noticed
to the Insurer within
the Policy Period
or Discovery Period
of the policy
issued by the
Insurer (the "Noticed
Policy") in which the Insurer
received notice of the Claim;
provided that the coverage
afforded with respect
to the Noticed Policy
shall be in
an amount not greater than
the amount of
coverage afforded with
respect to the Policy
Period of the
policy issued by the
Insurer (the "Former Policy")
in which the Claim
was actually first
made against the
Insured. The foregoing
sentence may result
in (but not
be limited to):
(1) reducing the limit
of liability available for such
a Claim to the available
limit of liability applicable
to the Former Policy;
(2) increasing the applicable
retention amount to that
retention amount applicable
to the Former Policy;
or
(3) reducing
or eliminating coverage
due to exclusions or
other restrictions appearing in the Former Policy
but eliminated, in part
or in whole, in
the Noticed Policy. No coverage shall
be afforded under
this endorsement if
there was not
in existence a Former
Policy at the time
the Claim was actually
first made against the Insured.
With respect
to subsection (b) above,
any such Claim
must be noticed
during the Policy
Period or Discovery
Period of a Noticed
Policy which is a renewal
or extension of the Former Policy.
Nothing
in this endorsement shall
be construed to provide
coverage for a Claim
under more than
one Policy Period
or Discovery Period.
PREJUDICE:
2-14057 END 001
83231 (1/09)
All rights reserved.
ENDORSEMENT#
1
(continued)
In the event
that the Insurer
alleges that it was prejudiced
as a result of
a failure to give notice within
the time required
under the policy,
the burden of
proof shall be
on:
| (a) | the Insurer
to prove that it
has been prejudiced,
if the notice
was provided within
two years of the
time required under
the policy; or |
| (b) | the Insured
to prove that the
Insurer has not
been prejudiced, if the notice
was provided more
than two years after
the time required under
the policy. |
The Insurer's rights shall not be deemed prejudiced
unless the failure to timely provide notice materially impairs the ability of the Insurer to investigate or defend the Claim.
Notwithstanding
the above, an
irrebuttable presumption of
prejudice shall apply if,
prior to the notice,
the Insured's liability
has been determined
by a court of
competent jurisdiction or by
a binding arbitration; or if
the Insured has resolved
the Claim by
settlement or other
compromise.
NOTICE TO AGENT:
Notice
given by or
on behalf of the
Insured, or written
notice by or
on behalf of the
injured party or
any other claimant,
to any licensed agent
of the Insurer
in the state of
New York, with
particulars sufficient to identify
the Insured, shall
be deemed notice
to the Insurer.
INSOLVENCY/ BANKRUPTCY OF INSURED:
The insolvency
or bankruptcy of
the Insured shall
not relieve the Insurer
of its obligations
under this policy
as long as
all policy requirements
are met by
Insured, its trustee
or receiver in bankruptcy.
Should a covered judgment
be rendered against
an insolvent or
bankrupt Insured, the Insurer
shall be liable
for the amount of
such judgment not to exceed
the applicable limit
of liability under this
policy.
| B. | The Clause
entitled, "Action Against
Us" or "Action
Against Company"
is deleted in
its entirety and
replaced with
the following: |
No one may
bring an action
against us unless
there has been
full compliance with
all the terms
of this policy
and the amount
of the Insured's
obligation to pay has been
finally determined either
by:
| 1. | judgment against
the Insured
which remains
unsatisfied at
the expiration of thirty
(30) days from
the service of
notice of entry of the judgment
upon the Insured
and upon us;
or |
| 2. | written agreement
of the Insured,
the claimant and
us. |
Any person
or organization or
legal representative thereof who
has secured such
judgment or written
agreement shall thereafter be
entitled to recover under
this policy to the
extent of the
insurance afforded by
this policy. We may not be
impleaded by the Insured
or its legal
representative in any
legal action brought
against the Insured
by any person
or organization.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
2-14057 END 001
83231 (1/09)
All rights reserved.
ENDORSEMENT#
2
This endorsement,
effective
12:01 AM January 31. 2022
forms a part of
policy number
02-778-29-69
issued to BNY
MELLON LARGE CAP SECURITIES FUND. INC. (AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by National
Union Fire Insurance Company of Pittsburgh. Pa.
NOTICE OF CLAIM
(REPORTING BY E- MAIL)
In consideration of the premium charged, it is hereby understood and agreed as
follows:
| 1. | Email Reporting
of Claims: In addition to the postal
address set forth
for any Notice of
Claim Reporting under this
policy, such notice may
also be given
in writing pursuant to the
policy's other terms and
conditions to the Insurer
by email at
the following email address: |
c- claim@AIG.com
Your email
must reference the policy
number for this policy.
The date of
the Insurer's receipt
of the emailed
notice shall constitute the date
of notice.
In addition
to Notice of Claim
Reporting via email,
notice may also
be given to the
Insurer by mailing such
notice to: AIG, Financial
Lines Claims, P.O. Box
25947, Shawnee Mission,
KS 66225 or
faxing such notice
to (866) 227- 1750.
| 2. | Definitions: For
this endorsement only,
the following
definitions shall
apply: |
| (a) | "Insurer" means
the "Insurer,"
"Underwriter" or
"Company" or
other name specifically
ascribed in this
policy as the
insurance company
or underwriter
for this
policy. |
| (b) | "Notice of
Claim Reporting"
means "notice of
claim/ circumstance," "notice
of loss"
or other reference in the policy
designated for
reporting of
claims, loss
or occurrences
or situations that
may give rise
or result in
loss under this
policy. |
| (c) | "Policy" means
the policy, bond
or other insurance
product to which
this endorsement is
attached. |
| 3. | This endorsement
does not apply
to any Kidnap &
Ransom/ Extortion Coverage
Section, if any,
provided by this
policy. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
All rights reserved.
2-14057 END 002
99758 (8/08)
ENDORSEMENT#
3
This endorsement, effective at
12:01 AM January 31. 2022
forms a part of
Policy number
02-778-29-69
Issued to:
BNY MELLON LARGE CAP SECURITIES FUND. INC. (AND
OTHER INSUREDS INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh.
Pa.
Product Name: Manually
Issued Policy
ECONOMIC SANCTIONS ENDORSEMENT
This endorsement modifies insurance provided under the
following:
Coverage shall only be provided
and payment of loss under this policy shall only be made in full compliance with enforceable
United Nations economic and trade sanctions and the trade and economic sanction laws or regulations of the European Union and the United
States of America, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's
Office of Foreign Assets Control ("OFAC").
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
2-14057 END 003
119679 (9/15)
All rights reserved.
ENDORSEMENT#
4
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
NEW YORK STATUTORY RIDER/ENDORSEMENT
It is agreed that:
| 1. | The Section13 entitled “Termination” of this
bond/policy is amended by adding: |
| 2. | Cancelation of this bond/policy
by the Underwriter/Company is subject to the following provisions: |
If the bond/policy has been in effect for 60
days or less, it may be cancelled by the Underwriter/Company for any reason. Such cancelation shall be effective 20 days after the Underwriter/Company
mails a notice of cancelation to the first-named insured at the mailing address shown in the bond/policy. However, if the bond/policy
has been in effect for more than 60 days or is a renewal, then cancellation must be based on one of the following grounds:
| (A) | non-payment of premium; |
| (B) | conviction of a crime arising out of acts increasing the
hazard insured against; |
| (C) | discovery of fraud or material
misrepresentation in the obtaining of the bond/policy or in the presentation of claim thereunder; |
| (D) | after issuance of the bond/policy
or after the last renewal date, discovery of an act or omission, or a violation of any bond/policy condition that substantially and materially
increases the hazard insured against, and which occurred subsequent to inception of the current bond/policy period; |
| (E) | material change in the nature
or extent of the risk, occurring after issuance or last annual renewal anniversary date of the bond/policy, which causes the risk of loss
to be substantially and materially increased beyond that contemplated at the time the bond/policy was issued or last renewed; |
| (F) | the cancellation is required
pursuant to a determination by the superintendent that continuation of the present premium volume of the insurer would jeopardize that
insurer's solvency or be hazardous to the interests of the insureds, the insurer's creditors or the public; |
©All rights reserved.
END 004
SR6180b
ENDORSEMENT#
4
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| (G) | a determination by the superintendent
that the continuation of the bond/policy would violate, or would place the insurer in violation of, any provision of the New York State
insurance laws. |
| (H) | where the insurer has reason
to believe, in good faith and with sufficient cause, that there is a possible risk or danger that the insured property will be destroyed
by the insured for the purpose of collecting the insurance proceeds, provided, however, that: |
| (i) | a notice of cancelation on this
ground shall inform the insured in plain language that the insured must act within ten days if review by the Insurance Department of the
State of New York of the ground for cancelation is desired, and |
| (ii) | notice of cancelation on this
ground shall be provided simultaneously by the insurer to the Insurance Department of the State of New York. Cancelation based on one
of the above grounds shall be effective 15 days after the notice of cancellation is mailed or delivered to the named insured, at the address
shown on the bond/policy, and to its authorized agent or broker. |
| 3. | If the Underwriter/Company elects
not to replace a bond/policy at the termination of the bond/policy period, it shall notify the insured not more than 120 days nor less
than 60 days before termination. If such notice is given late, the bond/policy shall continue in effect for 60 days after such notice
is given. The Aggregate Limit of Liability shall not be increased or reinstated. The notice
not to replace shall be mailed to the insured and its broker or agent. |
| 4. | If the Underwriter/Company elects
to replace the bond/policy, but with a change of limits, reduced coverage, increased deductible, additional exclusion, or upon increased
premiums in excess of ten percent (exclusive of any premium increase as a result of experience rating), the Underwriter must mail written
notice to the insured and its agent or broker not more than 120 days nor less than 60 days before replacement. If such notice is given
late, the replacement bond/policy shall be in effect with the same terms, conditions and rates as the terminated bond/policy for 60 days
after such notice is given. |
| 5. | The Underwriter/Company may
elect to simply notify the insured that the bond/policy will either be not renewed or renewed with different terms, conditions or rates.
In this |
©All rights reserved.
END 004
SR6180b
ENDORSEMENT#
4
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
event, the Underwriter/Company will inform
the insured that a second notice will be sent at a later date specifying the Underwriter's/Company's exact intention. The Underwriter
shall inform the insured that, in the meantime, coverage shall continue on the same terms, conditions and rates as the expiring bond/policy
until the expiration date of the bond/policy or 60 days after the second notice is mailed or delivered, whichever is later.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 004
SR6180b
ENDORSEMENT#
5
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
VOICE INITIATED TRANSFER FRAUD
It is agreed that:
| 1. | The attached bond is amended by
adding an Insuring Agreement as follows: (VIT) VOICE INITIATED TRANSFER FRAUD |
Loss resulting directly from the Insured having,
in good faith, transferred Property from a Customer’s or Insured’s account through a Computer System covered under the terms
of the Computer System Fraud Insuring Agreement in reliance upon a fraudulent voice instruction transmitted by telephone which was purported
to be from:
| (1) | an officer, director, partner
or employee of a Customer of the Insured who was authorized by the Customer to instruct the Insured to make such transfer; |
| (2) | an individual person who is a Customer of the Insured;
or |
| (3) | an Employee of the Insured in
another office of the Insured who was authorized by the Insured to instruct other Employees of the Insured to transfer Property, and was
received by an Employee of the Insured specifically designated to receive and act upon such instructions, |
but the voice instruction was not from a
person described in (1), (2), or (3) above, provided that
| (i) | in order for coverage to apply
under this Insuring Agreement, Voice Initiated Transfer must be received and processed in accordance with the Insured’s designated
procedures. However, the isolated failure of the Insured to maintain and follow its designated procedures in a particular instance will
not preclude coverage under this Insuring Agreement. Provided that the Insured is able to demonstrate that the procedures were being followed
immediately before and after the occurrence. |
In this Insuring Agreement:
(A) Customer
means an entity or individual which has a written agreement with the Insured authorizing the Insured to rely on voice instructions to
make transfers and which has provided the Insured with the names of persons authorized to initiate such.
©All rights reserved.
END 005
MNSCP
ENDORSEMENT#
5
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 2. | In addition to the Conditions
and Limitations in the bond and Computer Systems Fraud Insuring Agreement rider, the following provisions are applicable to the Voice
Initiated Transfer Fraud Insuring Agreement: |
This Insuring Agreement does not cover
loss resulting directly or indirectly from the assumption of liability by the Insured by contract unless the liability arises from a loss
covered by this Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract.
| 3. | The section of Item 3 of the
Declarations entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
Insuring Agreement (VIT) -
VOICE INITIATED
TRANSFER FRAUD |
$10,000,000 |
$50,000 |
| 4. | Nothing herein contained shall be
held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 005
2
MNSCP
ENDORSEMENT#
6
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
FRAUDULENT TRANSFER INSTRUCTIONS COVERAGE
In consideration of the premium charged, it is agreed that:
| 1. | The following Insuring Agreement
is added to this bond: (FTI) FRAUDULENT TRANSFER INSTRUCTIONS |
Loss resulting directly from the Insured
having, in good faith, transferred money on deposit in a Customer's account, or a Customer's Certificated Securities, in reliance upon
a fraudulent instruction transmitted to the Insured via telefacsimile, telephone, or electronic mail; provided, however that
| (1) | The fraudulent instruction purports,
and reasonably appears, to have originated from: |
| (b) | an Employee acting on instructions of such Customer;
or |
| (c) | another financial institution
acting on behalf of such Customer with authority to make such instructions; and |
| (2) | The sender of the fraudulent
instruction verified the instruction with the password, PIN, or other security code of such
Customer; and |
| (3) | The sender was not, in fact,
such Customer, was not authorized to act on behalf of such Customer, and was not an Employee of the Insured; and |
| (4) | The instruction was received
by an Employee of the Insured specifically authorized by the Insured to receive and act upon such instructions; and |
| (5) | For any transfer exceeding the
Verification Threshold Amount set forth below, the Insured verified the instruction via a call back to a predetermined telephone number
set forth in the Insured's Written agreement with such Customer or other verification procedure approved in writing by the Underwriter;
and |
| (6) | The Insured preserved a contemporaneous
record of the call back, if any, and of the instruction which verifies use of the authorized password, PIN or other security code of the
Customer. |
The Verification Threshold Amount applicable to this FRAUDULENT
TRANSFER INSTRUCTIONS Insuring Agreement is: $50,000.
©All rights reserved.
END 006
127417 (11/17)
ENDORSEMENT#
6
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 2. | Solely with respect to the FRAUDULENT
TRANSFER INSTRUCTIONS Insuring Agreement, the following definitions shall apply: |
(FTI-1) “Certificated
Security” means a share, participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer,
which is:
| (i) | represented by a written instrument issued in bearer
or registered form; |
| (ii) | of a
type commonly dealt in on
securities exchanges or markets
or commonly recognized
in any area
in which it
is issued or dealt
in as a medium for
investment; and |
| (iii) | either one of a class or series
or by its terms divisible into a class or series of shares, participations, interests or obligations. |
(FTI-2) “Customer”
means a natural person or entity which has a written agreement with the Insured authorizing the Insured to transfer money on deposit in
an account or Certificated Securities in reliance upon instructions transmitted to the Insured via the means utilized to transmit the
fraudulent instruction.
| 3. | It shall be a condition precedent
to coverage under the FRAUDULENT TRANSFER INSTRUCTIONS Insuring Agreement that the Insured assert any available claims, offsets or defenses
against such Customer, any financial institution or any other party to the transaction. |
| 4. | The following additional Exclusions
are added to the Bond applicable only to this Insuring Agreement: |
(FTI-1) loss
resulting directly or indirectly from a fraudulent instruction if the sender, or anyone acting in collusion with the sender, ever had
authorized access to such Customer's password, PIN or other security code; and
(FTI-2) loss
resulting directly or indirectly from the fraudulent alteration of an instruction to initiate an automated clearing house (ACH) entry,
or group of ACH entries, transmitted as an electronic message, or as an attachment to an electronic message, sent via the Internet, unless:
| (i) | each ACH entry was individually
verified via the call back procedure without regard to the amount of the entry; or |
| (ii) | the instruction was formatted,
encoded or encrypted so that any alteration in the ACH entry or group of ACH entries would be apparent to the Insured. |
©All rights reserved.
END 006
127417 (11/17)
ENDORSEMENT#
6
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 5. | The “Optional
Insuring Agreements and Coverages” section of Item 3 of the Declarations
of this bond is amended by adding the following at the end thereof: |
| |
Limit of Liability |
Deductible |
Insuring Agreement (FTI)- -
FRAUDULENT TRANSFER
INSTRUCTIONS |
$10,000,000 |
$50,000 |
| 6. | Nothing contained herein shall
be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
127417 (11/17)
ENDORSEMENT#
6
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
END 006
127417 (11/17)
ENDORSEMENT#
7
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AUTOMATED TELEPHONE TRANSACTIONS
It is agreed that this Bond is amended as follows:
| 1. | By adding the following INSURING AGREEMENT: |
(L) AUTOMATED PHONE SYSTEM
Loss resulting directly from the Insured
having transferred funds on the faith of any Automated Phone System (APS) Transaction, where the request for such APS Transaction is unauthorized
or fraudulent and is made with the intent to deceive. In order for coverage to apply under this INSURING CLAUSE the INSURED shall maintain
and follow all APS Designated Procedures with respect to APS Transactions. The isolated failure of the INSURED to maintain and follow
a particular APS Designated Procedure in a particular instance will not preclude coverage under this INSURING CLAUSE subject to the exclusions
herein and in the Bond.
| 2. | By adding to the DEFINITIONS SECTION, the following: |
“Automated Phone System” or
“APS” means an automated system which receives and converts to executable instructions transmissions over the telephone through
use of a touch-tone keypad or other tone system or voice recognition system; and always excluding transmissions from a computer system
or part thereof.
“APS Transaction means any APS Purchase,
APS Redemption, APS Election or APS Exchange.
“APS Purchase” means any purchase
of shares issued by an Investment Company which is requested through an Automated Phone System.
“APS Redemption“ means any
redemption of shares issued by an Investment Company which is requested over the telephone by means of information transmitted by an individual
caller through use of a telephone keypad or voice recognition system.
“APS Election“ means any election
concerning various account features available to Fund shareholders which is made over the telephone by means of information transmitted
by an individual caller through use of a telephone keypad or voice recognition system. These features include account statements. auto
exchange, auto asset builder, automatic withdrawal, dividend/capital gain options. dividend sweep. telephone balance consent and change
of address.
©All rights reserved.
END 007
MNSCP
ENDORSEMENT#
7
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
“APS Exchange“ means any
exchange of shares in a registered account of one Fund into shares in an account with the same tax identification number and same ownership-type
code of another Fund in the same complex pursuant to exchange privileges of the two Funds, which exchange is requested over the telephone
by means of information transmitted by an Individual caller through use of a telephone keypad or voice recognition system.
“APS Designated Procedures“ means
all of the following procedures:
| (1) | Election in Application:
No APS Redemption shall be executed unless the shareholder to whose account such an APS Redemption relates has previously elected to permit
Telephone Redemptions. |
| (2) | Logging: All APS Purchases,
Redemptions or Exchanges shall be logged or otherwise recorded and the records shall be retained for at least six (6) months. |
| (a) | Information contained in the
records shall be capable of being retrieved and produced within a reasonable time after retrieval of specific information is requested,
at a success rate of no less than 85 percent. |
| (3) | Identity Test: The caller
in any request for an APS Transaction, must first input his/her account number, the last four digits of his/her social security number,
and finally, his/her personal identification number (“PIN”). It is proposed that in addition to this procedure, a customer
may: |
| (i) | Begin by saying or pressing his/her
account number, then say or press his/her PIN, or |
| (ii) | Begin by saying or pressing
his/her social security number, then say or press his/her PIN and lastly, say name of fund or account number (or press account number). |
| (iii) | Limited attempts to Enter PIN: If the caller
fails to enter a correct PIN within |
(3)
three attempts, the caller must not be allowed additional attempts during the
same telephone call to enter the PIN. The caller may either be instructed to redial a customer service representative or may be immediately
connected to such a representative.
| (4) | Written Confirmation:
A written confirmation of any APS Purchase, Redemption, Exchange or change of address shall be mailed to the shareholder(s) to whose account
such transaction relates, at the record address, by the end of the insured's next regular processing cycle, but in no event later than
five (5) business days |
©All rights reserved.
END 007
MNSCP
ENDORSEMENT#
7
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
following such APS Transaction.
| (5) | Access to APS Equipment:
Access to the equipment which permits the entity receiving the APS Transaction request to
process and effect the transaction shall be limited in the following manner: BNY MELLON INVESTMENT SERVICING, INC. and DST Systems, Inc.,
accesses the hardware housing the Mutual Fund On-Line system which effects transactions. |
| 3. | By adding the following SECTION after Section 2, EXCLUSIONS: |
This bond does not directly or indirectly
cover under AUTOMATED PHONE SYSTEMS INSURING AGREEMENT any loss resulting from:
(L-1) the redemption
of shares, where the proceeds of such redemption are made payable to other than (i) the shareholder of record, or (ii) a person designated
to receive redemption proceeds, or (iii) a bank account designated to receive redemption proceeds;
(L-2) the redemption
of shares, where the proceeds of such redemption are paid by check mailed to an address that has been changed within thirty (30) days
immediately preceding the redemption, unless (i) the change of address was signature guaranteed or (ii) the change of address was otherwise
processed in accordance with APS Designated Procedures;
(L-3) the
redemption of shares, where the proceeds of such redemption are paid by wire transfer to other than the shareholders designated bank account
of record; or
(L-4) the intentional failure to adhere
to one or more APS Designated Procedures.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 007
MNSCP
ENDORSEMENT#
8
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMENDED
FIDELITY AGREEMENT
(ELECTRONIC DAMAGE OR DESTRUCTION)
It is agreed that:
| 1. | Insuring Agreement (A) FIDELITY
is hereby deleted in its entirety and replaced with the following: |
(1)
Loss resulting directly from dishonest or fraudulent act(s), including Larceny
or Embezzlement committed by an Employee, committed anywhere and whether committed alone or in collusion with others including loss of
Property resulting from such acts of an Employee, which Property is held by the Insured for any purpose or in any capacity and whether
or not the Insured is liable thereof.
Dishonest or fraudulent
act(s) as used in this Insuring Agreement shall mean only dishonest or fraudulent act(s) committed by such Employee with the intent:
| (a) | to cause the Insured to sustain such loss; or |
| (b) | to obtain financial benefit
for the Employee, or for any other person or organization intended by the Employee to receive such benefit, other than salaries, commissions,
fees, bonuses, promotions, awards, profit sharing, pensions or other employee benefits earned in the normal course of employment. |
Notwithstanding the
foregoing, however, it is agreed that with regards to loss resulting directly or indirectly from loans and/or trading, this bond covers
only loss resulting directly from dishonest or fraudulent acts committed by an Employee with the intent to cause the Insured to sustain
such loss and which results in a financial benefit for the Employee.
As used in this
Insuring Agreement, “financial benefit” does not include any employee benefits earned in the normal course of employment,
including: salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions.
It is agreed that
in determining the amount of any loss payable under this bond, the Insured may include payments to individual Employees which are salaries,
commissions, fees, bonuses, and the like, as part of such loss, provided that such payments have been solely as the result of the Employee
having committed a dishonest or fraudulent act covered under this bond.
©All rights reserved.
END 008
140032 (01/21)
ENDORSEMENT#
8
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
(2)
Loss resulting directly from the malicious destruction of or the malicious damage
to an Electronic Instructions, Electronic Data or Electronic Media in an Insured’s Computer System committed by an Employee, whether
committed alone or in collusion with others, provided that any coverage afforded under this bond by virtue of this subparagraph (2) shall
only apply to loss that is Restoration Costs.
| 2. | Solely for the purpose of Insuring
Agreement (A) FIDELITY (as amended by this rider), the following definitions are added to the attached bond: |
“Computer Systems” means:
| (1) | computers with related peripheral
components, including storage compartments wherever located including internet access or remote access to said Computer Systems, |
| (2) | systems and application software, |
| (4) | related communication networks
or customer communication systems including the internet, and |
| (5) | related electronic funds transfer
systems that are currently utilized by the Insured. |
As used herein, “the Insured’s
Computer System” shall mean a Computer System operated by the Insured, whether owned or leased; or a Computer System identified
in the application for this bond.
“Electronic Data”
means facts or information converted to a form usable in Computer System and which is stored on Electronic Media for use by computer programs.
“Electronic Instruction”
means computer programs converted to a form usable in a Computer System to act upon Electronic Data.
“Electronic Media” means the
magnetic tape, magnetic disk, optical disk or any other bulk media on which data is recorded.
©All rights reserved.
END 008
140032 (01/21)
ENDORSEMENT#
8
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
“Loans” means all extensions
of credit by the Insured and all transactions creating a creditor relationship in favor of the Insured and all transactions by which the
Insured assumes an existing creditor relationship.
“Restoration Costs” means Restoration
Costs means reasonable and necessary costs or expenses incurred by the Insured with the Underwriter’s prior written consent to restore
or repair an Insured’s damaged or destroyed Electronic Data, Electronic Instructions or Electronic Media; provided that if it is
determined that such Electronic Data, Electronic Instructions or Electronic Media cannot be restored or repaired, then Restoration Costs
means solely those reasonable costs or expenses incurred by the Insured, with the Underwriter’s
prior written consent, to reach such determination.
Notwithstanding the foregoing, Restoration
Costs shall not include, and in no event shall any Insuring Agreement of this bond cover:
| (1) | any costs related directly or
indirectly to the damage or destruction of Electronic Data, Electronic Media or Electronic Instructions (or other software or programs)
that the Insured did not have a license to use; or |
| (2) | any costs or expenses incurred
to redo the work product, research or analysis that was the basis of any damaged or destroyed Electronic Data, Electronic Media or Electronic
Instructions (or other software or programs). |
“Trading” means trading or other
dealings in securities, commodities, futures, options, swaps, foreign or federal funds, currencies, foreign exchange and the like.
| 3. | Solely with respect to this rider,
Section 5. VALUATION OF PROPERTY is amended by adding the following at the end thereof: |
Electronic Data, Electronic Media, or Electronic
Instruction
In case of loss
of, or damage to, Electronic Data, Electronic Media, or Electronic Instruction that is covered by this bond, the Underwriter’s liability
under this Bond shall be limited to the cost to reproduce the Electronic Data, Electronic Media or Electronic Instructions from other
Electronic Data, Electronic Media or Electronic Instruction of the same kind of quality and
then for not more than the cost of the blank media and/or the cost of labor for the actual transcription or copying of data which shall
have been furnished by the Insured in order to reproduce such Electronic Data, Electronic Media or Electronic Instruction subject to the
applicable Limit of Liability. In the event that any Electronic Data, Electronic Media or Electronic Instruction cannot be reproduced
as outlined in this paragraph, the valuation of such Electronic Data, Electronic Media, or
©All rights reserved.
END 008
140032 (01/21)
ENDORSEMENT#
8
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
Electronic Instruction shall be those
reasonable and necessary costs or expenses incurred by the Insured with the Underwriter’s prior consent to reach such determination
that such Electronic Data, Electronic Media or Electronic Instruction cannot be reproduced.
However, if such Electronic Data cannot
be reproduced and said Electronic Data represents securities or other financial instruments having a value, then said loss will be valued
as indicated in the Securities and other Property paragraphs of this Section.
In case of loss of, or damage to, Electronic
Media used by the Insured that is covered by this bond, the Underwriter shall be liable under this bond only if replaced and then only
for not more than the actual cost of replacing the damaged or destroyed media with blank media of a similar kind of quality.
| 4. | Nothing herein contained shall be
held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached policy other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 008
140032 (01/21)
ENDORSEMENT#
9
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
DESTRUCTION OF DATA OR PROGRAMS BY VIRUS
RIDER
It is agreed that:
| 1. | The INSURING
AGREEMENTS Clause of the attached bond is amended by adding the
following additional Insuring Agreement to the end thereof: |
DESTRUCTION OF DATA OR PROGRAMS BY VIRUS
(DV) Loss that is Restoration Costs
resulting directly from the malicious destruction of, or damage to, Electronic Data, Electronic Media or Electronic Instructions owned
by the Insured or for which the Insured is legally liable while stored within the Insured’s Computer System if such destruction
or damage was caused by a computer program or similar instruction which was written or altered to incorporate a hidden instruction designed
to destroy or damage Electronic Data, Electronic Media or Electronic Instructions in the Computer System in which the computer program
or instruction so written or so altered is used.
Special
Condition: with respect to the coverage provided under this Insuring Agreement,
all covered Restoration Costs incurred by the Insured between the time destruction or damage is discovered and the time the affected Electronic
Data, Electronic Media or Electronic Instruction(s) is/are restored or repaired (or a determination has been made that such restoration
or repair is impossible) shall be treated as a single “loss” and subject to the applicable Limit of Liability. Recurrence
of destruction or damage after the Electronic Data, Electronic Media or Electronic Instruction(s) is/are restored or repaired shall constitute
a separate single “loss”.
| 2. | The section of Item 3 of the Declarations
entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
Insuring Agreement (DV) –
DESTRUCTION OF DATA OR PROGRAMS BY VIRUS |
$10,000,000 |
$50,000 |
| 3. | All the definitions stated in paragraph
2 of the Extended Computer Systems Rider of this bond shall also apply to the coverage granted under Insuring Agreement (DV). |
| 4. | Solely with respect to the coverage
provided by this rider, the following definition is added to the attached bond: |
©All rights reserved.
END 009
140064 (01/21)
ENDORSEMENT#
9
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
DV-1. “Restoration
Costs” means reasonable and necessary costs or expenses incurred by the Insured with the Insurer’s prior written consent to
restore or repair damaged or destroyed Electronic Data, Electronic Media or Electronic Instruction within a Computer System; provided
that if it is determined that such Electronic Data, Electronic Media or Electronic Instructions cannot be restored or repaired, then Restoration
Costs means solely those reasonable costs or expenses incurred by the Insured, with the Insurer’s prior written consent, to reach
such determination.
Notwithstanding
the foregoing or any other provision to the contrary, however, Restoration Costs shall not include, and in no event shall any Insuring
Agreement of this bond cover:
| (1) | any costs related directly or
indirectly to the damage or destruction of Electronic Data, Electronic Media, or Electronic Instructions (or other software or computer
programs) that the Insured did not have a license to use; or |
| (2) | any costs or expenses incurred
to redo the work product, research or analysis that was the basis of any damaged or destroyed Electronic Data, Electronic Media or Electronic
Instructions (or other software or computer programs). |
| 5. | It is further understood and
agreed that all the exclusions stated in paragraph 3 of the Extended Computer Systems Rider of this bond shall also apply to the coverage
granted under Insuring Agreement (DV). |
| 6. | It is further understood and
agreed that all the amendments to Section 5. VALUATION OF PROPERTY stated in paragraph 4 of the Extended Computer Systems Rider of this
bond shall also apply to the coverage granted under Insuring Agreement (DV). |
| 7. | Nothing contained here shall
be held to vary, alter, waive or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 009
140064 (01/21)
ENDORSEMENT#
10
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
DESTRUCTION OF DATA OR PROGRAMS BY HACKER
RIDER
It is agreed that
| 1. | The following Insuring Agreement
is added to the bond: (DH) DESTRUCTION OF DATA OR PROGRAMS BY HACKER |
Loss resulting directly from the malicious
destruction of or damage to, Electronic Data or Computer Programs owned by the Insured or for which the Insured is legally liable while
stored within a Computer System covered under the terms of the Computer Systems rider attached to this bond.
The liability of the Company shall be limited
to the cost of duplication of such Electronic Data or Computer Programs from other Electronic Data or Computer Programs which shall have
been furnished by the Insured.
In the event, however, that destroyed or damaged
Computer Programs cannot be duplicated from other Computer Programs, the Company will pay the cost incurred for computer time, computer
programmers, consultants or other technical specialists as is reasonably necessary to restore Computer Programs to substantially the previous
level of operational capability.
Special Condition
Under this Insuring Agreement, all covered
costs incurred by the Insured between the time destruction or damage is discovered and the time the Computer System is restored to substantially
the previous level of operational capability shall be treated as a single loss and subject to the applicable Limit of Liability. Recurrence
of destruction or damage after the Computer System is restored shall constitute a separate single Loss.
| 2. | With respect to Insuring Agreement
(DH) Destruction of Data or Programs by Hacker, the following Definitions are added: |
“Electronic Data” means facts
or information converted to a form usable in a Computer System by Computer Programs and which is stored on magnetic tapes or disks, or
optical storage disks or other bulk media.
©All rights reserved.
END 010
140062 (01/21)
ENDORSEMENT#
10
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
“Computer Program” means a
set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which enable
the computer or devices to receive, process, store or send Electronic Data.
“Computer System” shall mean a
“Computer System” covered under the terms of Insuring Agreement (J) (Computer Systems Fraud) of this bond.
| 3. | The section of Item 3 of the Declarations
entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
| Insuring Agreement (DH) - DESTRUCTION OF DATA OR PROGRAMS BY HACKER |
$10,000,000 |
$50,000 |
| 4. | Nothing herein contained shall be
held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 010
140062 (01/21)
ENDORSEMENT#
11
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
COMPUTER SYSTEMS FRAUD INSURING AGREEMENT
It is agreed that:
| 1. | The attached bond is amended by adding an Insuring Agreement
as follows: |
(J) COMPUTER SYSTEMS FRAUD
Loss resulting directly from a fraudulent
| (1) | entry of Electronic Data or Computer Program into, or |
| (2) | change of Electronic Data or Computer
Program within any Computer System used by the Insured; |
provided that the fraudulent entry or change causes
| (i) | Property to be transferred, paid or delivered, |
| (ii) | an account of the Insured, or of
its customer, to be added, deleted, debited or credited, or |
| (iii) | an unauthorized account or a fictitious account to be debited
or credited. |
In this Insuring Agreement, “fraudulent
entry or change” shall include such entry or change made by an Employee of the Insured acting in good faith on an instruction from
a software contractor who has a written agreement with the Insured to design, implement or service programs for a Computer System covered
by this Insuring Agreement.
| 2. | In addition to the Conditions and
Limitations in this bond, the following, applicable to the Computer Systems Fraud Insuring
Agreement, are added: |
DEFINITIONS
(CSF-A) Computer Program
means a set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which
enable the computer or devices to receive, process, store or send Electronic Data.
(CSF-B) Computer System means:
| (1) | computers with related peripheral
components, including storage compartments wherever located including internet access or remote |
©All rights reserved.
END 011
132744 (05/19)
ENDORSEMENT#
11
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
access to said Computer System,
| (2) | systems and applications software, |
| (4) | related communication networks
or customer communications systems including the internet, and |
| (5) | related electronic funds transfer
systems that is currently utilized by the Insured, |
by which Electronic Data are electronically
collected, transmitted, processed, stored and retrieved.
(CSF-C) Electronic
Data means facts or information converted to a form usable in a Computer System by Computer Programs, and which is stored on magnetic
tapes or disks, or optical storage disks or other bulk media.
EXCLUSIONS
This bond shall not cover:
(CSF-A) loss resulting
directly or indirectly from the assumption of liability by the Insured by contract unless the other liability arises from a loss covered
by the Computer Systems Fraud Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract;
(CSF-B) loss resulting
directly or indirectly from negotiable instruments, securities, documents or other written instruments which bear a forged signature,
or are counterfeit, altered or otherwise fraudulent and which are used as source documentation in the preparation of Electronic Data or
manually keyed into a data terminal.
(CSF-C) loss resulting directly or indirectly
from
| (1) | mechanical failure, faulty construction,
error in design, latent defect, fire, wear or tear, gradual deterioration, or electrical disturbance or electrical surge which affects
a Computer System, or |
| (2) | failure or breakdown of electronic data processing media,
or |
| (3) | error or omission in programming or processing. |
(CSF-D) loss
resulting directly or indirectly from the input of Electronic Data into a Computer System terminal device either on the premises of a
customer of the
©All rights reserved.
END 011
132744 (05/19)
ENDORSEMENT#
11
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
Insured or under the control of such
a customer by a person who had authorized access to the customer's authentication mechanism; provided, however, this exclusion shall only
apply to loss sustained in that customer’s account.
(CSF-E) loss resulting
directly or indirectly from the theft of confidential information provided, however, that this exclusion shall not apply to any loss otherwise
covered under Insuring Agreement A in which a password was used, and said password is the confidential information.
SERIES OF LOSSES
All loss or series of losses involving the
fraudulent acts of one individual, or involving fraudulent acts in which one individual is implicated, whether or not that individual
is specifically identified, shall be treated as a single loss and subject to the applicable Limit of Liability listed in Item 3 of the
Declarations. A series of losses involving unidentified individuals but arising from the same method of operation shall be deemed to involve
the same individual and in that event shall be treated as a single loss and subject to the
applicable Limit of Liability listed in Item 3 of the Declarations.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 011
132744 (05/19)
ENDORSEMENT#
12
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMENDED AUDIT EXPENSE
It is agreed that:
| 1. | Audit Expense Insuring Agreement (B) is hereby deleted
and replaced with the following: |
(B) AUDIT EXPENSE
Expense incurred by the Insured for
that part of the costs of audits or examinations required by any governmental regulatory authority to be conducted either by such authority
or by an independent accountant by reason of the discovery of loss sustained by the Insured
through any dishonest or fraudulent act(s), including Larceny or Embezzlement of any of the Employees or any other Insuring Agreements
included in this bond. The total liability of the Underwriter for such expense by reason of such acts of any Employee or in which such
Employee is concerned or implicated or with respect to any one audit or examination is limited to the amount stated opposite Audit Expense
in Item 3 of the Declarations; it being understood, however, that such expense shall be deemed to be a loss sustained by the Insured through
any dishonest or fraudulent act(s), including Larceny or Embezzlement of one or more of the Employees and
the liability under this paragraph shall be in addition to the Limit of liability stated in Insuring Agreement (A) in Item 3 of
the Declarations.
| 2. | Nothing herein contained shall be
held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 012
MNSCP
ENDORSEMENT#
13
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMENDED COUNTERFEIT CURRENCY
It is agreed that:
| 1. | INSURING AGREEMENT (G) is deleted in its entirety and replaced
by the following: |
Loss resulting directly from the receipt by
the Insured, in good faith, of any Counterfeit money orders or altered paper currency or coin of the United States of America, Canada
or any other country.
| 2. | Nothing herein contained shall
be held to vary, alter, waive, or extend any of the terms, limitations, conditions, or provisions of the attached bond other than above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 013
MNSCP
ENDORSEMENT#
14
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMENDED FORGERY OR ALTERATIONS
It is agreed that:
| 1. | Insuring Agreement (E) is hereby deleted in it’s
entirety and replaced with the following: |
(E) FORGERY OR ALTERATION
Loss through FORGERY or ALTERATION of,
on or in any bills of exchange, checks, drafts, acceptances, certificates of deposit, promissory notes, or other written promises, orders
or directions to pay sums certain in money, due bills, money orders, warrants, orders upon public treasuries, letters of credit, written
instructions, advices or applications directed to the Insured, authorizing or acknowledging the transfer, payment, delivery or receipt
of funds or Property, which instructions or advices or applications purport to have been signed or endorsed by any customer or Employee
of the Insured, shareholder or subscriber to shares, whether certificated or uncertificated, of any Investment Company or by any financial
or banking institution or stockbroker but which instructions, advices or applications either bear the forged signature or endorsement
or have been altered without the knowledge and consent of such customer, shareholder or subscriber to shares, whether certificated or
uncertificated, of an Investment Company, financial or banking institution or stockbroker, withdrawal orders or receipts for the withdrawal
of funds or Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer, or of another
Investment Company for which the Insured acts as agent, excluding, however, any loss covered under Insuring Agreement (F) hereof whether
or not coverage for Insuring Agreement (F) is provided for in the Declarations of this bond.
Any check or draft (a) made payable to a
fictitious payee and endorsed in the name of such fictitious payee or (b) procured in a transaction with the maker or drawer thereof or
with one acting as an agent of such maker or drawer or anyone impersonating another and made or drawn payable to the one so impersonated
and endorsed by anyone other than the one impersonated, shall be deemed to be forged as to such endorsement.
©All rights reserved.
END 014
MNSCP
ENDORSEMENT#
14
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 2. | Nothing herein contained shall
be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above
stated. |
Mechanically reproduced facsimile signatures are treated the
same as handwritten signatures.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 014
MNSCP
ENDORSEMENT#
15
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
THIRD PARTY CHECK EXCLUSION
It is agreed that:
| 1. | By adding to Section 2 Exclusions – the following: |
(n) loss resulting from
or in connection with acceptance of a Third Party Check, unless the entity which receives such check maintains and proceeds in accordance
with the Insured’s Designated Procedures. This Exclusion does not apply to Insuring Agreement A – FIDELITY.
| 2. | The following is added to Section 1, DEFINITIONS: |
(f) Third Party
Check means a check made payable to one party and offered as payment to another party.
| 3. | A Deductible amount of $200,000
will apply to any one loss as respects Third Party Checks. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 015
MNSCP
ENDORSEMENT#
16
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
EXTENDED COMPUTER SYSTEMS RIDER
It is agreed that this bond is amended as follows:
| 1. | By adding the following INSURING AGREEMENT: |
(ECS) EXTENDED COMPUTER SYSTEMS
| A. | Electronic Data, Electronic Media, Electronic Instruction |
Loss resulting directly from:
| (1) | the fraudulent modification
of Electronic Data, Electronic Media or Electronic Instruction being stored within or being run within the Insured’s Computer System;
or |
| (2) | robbery, burglary, larceny or
theft of Electronic Data, Electronic Media or Electronic Instruction stored within the Insured’s Computer System. |
| B. | Electronic Communication |
Loss resulting directly
from the Insured having transferred, paid or delivered any funds or Property, established any credit, debited any account or given any
value on the faith of any electronic communications directed to the Insured, which were transmitted or appear to have been transmitted
through:
| (1) | an Electronic Communication System, |
| (2) | an automated clearing house or custodian, or |
| (3) | a Telex, TWX, or similar means of communication, |
directly into the Insured’s Computer System
or Communication Terminal, and fraudulently purport to have been sent by a Customer automated clearing house, custodian, or financial
institution but which communications were either not sent by said Customer, automated clearing house, custodian, or financial institution,
or were fraudulently modified during physical transit of Electronic Media to the Insured or during electronic transmission to the Insured’s
Computer Systems or Communication Terminal.
| C. | Electronic Transmission |
©All rights reserved.
END 016
140024 (01/21)
ENDORSEMENT#
16
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
Loss resulting directly from
a Customer of the Insured, any automated clearing house, custodian, or financial institution having transferred, paid or delivered any
Property, established any credit, debited any account or given any value on the faith of any Electronic Communications, purporting to
have been directed by the Insured to such Customer, automated clearing house, custodian, or financial institution initiating, authorizing,
or acknowledging, the transfer, payment, delivery or receipt of Property, which communications were transmitted through:
| (1) | an Electronic Communication System, |
| (2) | an automated clearing house or custodian, or |
| (3) | a Telex, TWX, or similar means of communication, |
directly into the Insured’s Computer System
or Communication Terminal of said customer, automated clearing house, custodian, or financial institution and fraudulently purport to
have been directed by the Insured, but which communications were either not sent by the Insured or were fraudulently modified during physical
transit of Electronic Media from the Insured or during electronic transmission from the Insured’s Computer System or Communication
Terminal, and for which loss the Insured is held to be legally liable.
| 2. | By adding to Section 1. DEFINITIONS,
solely with respect to Insuring Agreement (ECS), the following: |
ECS-1. “Communication Terminal”
means a teletype, teleprinter or video display terminal, or similar device capable of sending or receiving information electronically,
Communication Terminal does not mean a telephone.
ECS-2. “Computer System(s)” means:
| (1) | computers with related peripheral
components, including storage compartments wherever located including internet access or remote access to said Computer Systems, |
| (2) | systems and application software, |
| (4) | related communication networks
or customer communication systems including the internet, and |
| (5) | related electronic funds transfer
systems that are currently utilized by the Insured. |
©All rights reserved.
END 016
140024 (01/21)
ENDORSEMENT#
16
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
As used herein, “the Insured’s Computer
System” shall mean a Computer System operated by the Insured, whether owned or leased; or a Computer System identified in the application
for this bond.
ECS-3. “Customer” means
any entity or individual which has a written contract or agreement with the Insured for the purpose of the Insured providing professional
services.
ECS-4. “Electronic Communication
System” means electronic communication operations by Fedwire, Clearing House Interbank Payment System (CHIPS), Society of Worldwide
International Financial Telecommunication (SWIFT), similar automated interbank communication system, and Internet access facilities.
ECS-5. “Electronic Data”
means facts or information converted to a form usable in Computer System and which is stored on Electronic Media for use by computer programs.
ECS-6. “Electronic Instruction”
means computer programs converted to a form usable in a Computer System to act upon Electronic Data.
ECS-7. “Electronic Media”
means the magnetic tape, magnetic disk, optical disk or any other bulk media on which data is recorded.
| 3. | By adding the following to Section 2. EXCLUSIONS of the
bond: |
It is further understood and agreed that notwithstanding
any provision to the contrary, this bond does not cover:
| (1) | any costs related directly or
indirectly to the damage or destruction of Electronic Data, Electronic Media, or Electronic Instructions (or other software or computer
programs) that the Insured did not have a license to use; or |
| (2) | any costs or expenses incurred
to redo the work product, research or analysis that was the basis of any damaged or destroyed Electronic Data, Electronic Media or Electronic
Instructions (or other software or computer programs). |
It is further understood and agreed that Insuring Agreement
(ECS) does not cover:
©All rights reserved.
END 016
140024 (01/21)
ENDORSEMENT#
16
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
(ECS-A) loss resulting directly
or indirectly from Forged, altered or fraudulent negotiable instruments, Securities, documents or other written instruments used as source
documentation in the preparation of Electronic Data:
(ECS-B) loss of negotiable
instruments, Securities, documents or other written instruments except as converted to Electronic Data and then only in that converted
from;
(ECS-C) loss resulting from mechanical
failure, faulty construction, error in design, latent defect, wear or tear, gradual deterioration, electrical disturbance, Electronic
Media failure or breakdown or any malfunction or error in programming or error or omission in processing;
(ECS-D) loss resulting directly
or indirectly from the input of Electronic Data at an authorized electronic terminal of an Electronic Funds Transfer System or a Customer
Communications System by a person who has authorized access from a Customer to that Customer’s authentication mechanism, provided
however, this exclusion shall only apply to loss sustained in that particular Customer’s account;
(ECS-E) liability assumed by
the Insured by agreement under any contract, unless such liability would have attached to the Insured even in the absence of such agreement;
or
(ECS-F) loss resulting directly or indirectly from:
| (1) | written instruction unless covered under this Insuring
Agreement; or |
| (2) | instruction by voice over the
telephone, unless covered under this Insuring Agreement. |
(ECS-G) loss resulting directly
or indirectly from the input data into a Computer System terminal, either on the premises of the Customer of the Insured or under the
control of such a Customer by a Customer or other person who had authorized access to the Customer’s authentication mechanism, provided,
however, this exclusion shall only apply to loss sustained in that particular Customer’s account.
| 4. | By adding to Section 5. VALUATION OF PROPERTY the following: |
Electronic Data, Electronic Media, or Electronic
Instruction
In case of loss of, or damage to, Electronic Data,
Electronic Media, or Electronic Instruction that is covered by this bond, the Underwriter’s liability under this Bond shall
©All rights reserved.
END 016
140024 (01/21)
ENDORSEMENT#
16
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
be limited to the cost to reproduce the Electronic
Data, Electronic Media or Electronic Instructions from other Electronic Data, Electronic Media or Electronic Instruction of the
same kind of quality and then for not more than the cost of the blank media and/or the cost of labor for the actual transcription
or copying of data which shall have been furnished by the Insured in order to reproduce such Electronic Data, Electronic Media or Electronic
Instruction subject to the applicable Limit of Liability. In the event that any Electronic Data, Electronic Media or Electronic Instruction
cannot be reproduced as outlined in this paragraph, the valuation of such Electronic Data, Electronic Media, or Electronic Instruction
shall be those reasonable and necessary costs or expenses incurred by the Insured with the Underwriter’s prior consent to reach
such determination that such Electronic Data, Electronic Media or Electronic Instruction cannot be reproduced.
However, if such Electronic Data cannot be reproduced
and said Electronic Data represents securities or other financial instruments having a value, then said loss will be valued as indicated
in the Securities and other Property paragraphs of this Section.
In case of loss of, or damage to, Electronic Media
used by the Insured that is covered by this bond, the Underwriter shall be liable under this bond only if replaced and then only for not
more than the actual cost of replacing the damaged or destroyed media with blank media of a similar kind of quality.
| 5. | The section of Item 3 of the Declarations
entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
|
Insuring Agreement (ECS) – EXTENDED COMPUTER SYSTEMS
|
$10,000,000 |
$50,000 |
| 6. | Nothing herein contained shall
be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements or the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 016
140024 (01/21)
ENDORSEMENT#
17
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
DEFINITION OF EMPLOYEE AMENDED RIDER
It is agreed that:
| 1. | individuals identified below as indicated by a check in the corresponding box: |
| EMPLOYEES (coverage included ONLY if box checked) |
|
| (10) non-fund soliciting volunteer workers while working under the direction and control of the Insured; |
x |
| (11) employees of [s insert entity(ies) name(s) providing personnel] performing work duties for [s insert entity(ies) name(s) receiving services from personnel]; |
|
| (12) non-compensated officers, directors or trustees while performing duties as an employee; |
x |
| (13) interns or independent contractors of the Named Insured; |
x |
|
(14) Consultants (as defined below), but only while:
A consultant retained by the Insured and an Employee
of such consultant while either is performing consulting services for the Insured pursuant to a written agreement. |
x |
| (15) retired employees employed on a consulting, contingent or part-time basis; |
x |
| (16) former employees for up to sixty (60) days after termination, provided termination was not due to a loss covered by the bond; |
x |
| (17) any employee on an approved leave of absence or military deployment; |
x |
| (18) any employee who has been granted a waiver of a prior dishonesty situation by any insurer providing a Financial Institution Bond or similar type of coverage for the Insured; |
x |
©All rights reserved.
END 017
142931 (01/22)
ENDORSEMENT#
17
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
|
(19) a person who is a registered representative or a registered principal
associated with an Insured, except a:
•sole proprietor,
•sole stockholder,
•director or trustee of an Insured who is not performing acts coming within
the scope of the usual duties of an officer or an employee, or
•partner; |
|
| (20) each natural person, partnership or corporation authorized under written contract with the Insured to design, prepare, supply or service electronic computer instructions for computer systems of the Insured, herein called independent software contractor; each such independent software contractor and the partners, officers and employees of such independent software contractor shall, collectively, be deemed to be one employee for all the purposes of the bond, excepting, however, the second paragraph of Section 13. TERMINATION of this bond; |
|
| (21) a natural person leased to the Insured by a labor leasing firm under a written agreement between the Insured and the firm, to perform duties related to the conduct of the Insured’s business; |
x |
| (22) temporary or part-time workers; and |
x |
| (23) any partner, officer or employee of an investment adviser, an underwriter (distributor), a transfer agent or shareholder accounting record keeper or an administrator, sub-advisor or sub-administrator, for an Investment Company while performing acts coming within the scope of the customary and usual duties of an offer or employee of an Investment Company or acting as a member of any committee duly elected or appointed to examine, audit or have custody of or access to Property of an Investment Company. |
x |
| 2. | For the purposes herein, Employees of one Insured are considered
Employees of all Insureds. |
| 3. | As used herein, “Consultant”
means a professional consultant under contract, either directly or through such consultant’s company or firm, with the Insured to
provide solely consulting services to the Insured and Consultant is under the supervision, direction and control of the Insured. |
©All rights reserved.
END 017
142931 (01/22)
ENDORSEMENT#
17
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 4. | In Section 1. DEFINITIONS of this
bond, the definition of “Employee,” is amended by deleting subparagraph (9) in its entirety and replacing it with the following: |
| (9) | any officer, partner or Employee of |
| b) | an underwriter (distributor), |
| c) | a transfer agent or shareholder accounting record-keeper,
or |
| d) | an administrator authorized by written
agreement to keep financial and/or other required records, |
for an Investment Company named as Insured
while performing acts coming within the scope of the usual duties of an officer or Employee of any Investment Company named as Insured
herein, or while acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the
Property of any such Investment Company, provided that only Employees or partners of a transfer agent, shareholder accounting record-keeper
or administrator which is an affiliated person as defined in the Investment Company Act of 1940, of an Investment Company named as Insured
or is an affiliated person of the adviser, underwriter or administrator of such Investment Company shall be included within the definition
of Employee.
Each employer of temporary personnel or
processors as set forth in Sub-Sections (6) and of Section 1(a) and their partners, officers and employees shall collectively be deemed
to be one person for all the purposes of this bond, excepting, however, the last paragraph of Section 13.
Brokers, or other agents under contract
or representatives of the same general character shall not be considered Employees.
| 5. | Nothing contained here shall be
held to vary, alter, waive, or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 017
142931 (01/22)
ENDORSEMENT#
18
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND INSURING AGREEMENT (I) UNCOLLECTIBLE
ITEMS OF DEPOSIT
(NATIONAL UNION REEQUIREMENT REMOVED)
In
consideration of the premium charged, it is hereby understood and agreed that INSURING
AGREEMENT (I), UNCOLLECTIBLE ITEMS OF DEPOSIT is deleted in its entirety
and replaced with the following:
| (I) | UNCOLLECTIBLE ITEMS OF DEPOSIT |
Loss resulting from
payments of dividends or fund shares, or withdrawals permitted from any customer’s, shareholder’s or subscriber’s account
based upon Uncollectible Items of Deposit of a customer, shareholder or subscriber credited by the Insured or the Insured’s agent
to such customer’s, shareholder’s or subscriber’s Mutual Fund Account; or
loss resulting from any
Item of Deposit processed through an Automated Clearing House which is reversed by the customer, shareholder or subscriber and deemed
uncollectible by the Insured.
Loss includes dividends
and interest accrued not to exceed 15% of the Uncollectible Items which are deposited.
This Insuring Agreement
applies to all Mutual Funds with “exchange privileges” regardless of the number of transactions between Fund(s), the minimum
number of days of deposit within the Fund(s) before withdrawal as declared in the Fund(s) prospectus shall begin from the data a deposit
was first credited to any Insured Fund(s).
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 018
142932 (01/22)
ENDORSEMENT#
19
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
GENERAL
AGREEMENT A AMENDED RIDER (ACQUISITION THRESHOLD—VARIABLE)
It is agreed that:
| 1. | General Agreement A. ADDITIONAL
OFFICES OR EMPLOYEES – CONSOLIDATION OR MERGER- NOTICE of the GENERAL
AGREEMENTS Clause is amended by adding the following to the end thereof: |
Notwithstanding the foregoing, if the Insured
shall, while this bond is in force, consolidate or merge with, or purchase or acquire assets or liabilities of, another institution, the
Insured shall automatically have such coverage as is afforded under this bond for loss without an additional premium charge for the remainder
of the current Bond Period provided that:
| (a) | the assets acquired as a result
of such consolidation, merger, purchase or acquisition are less than 15% percent of the assets of the Insured on the date of such consolidation,
merger, purchase or acquisition; |
| (b) | the consolidation, merger, purchase
or acquisition of assets or liabilities was not through a regulatory-assisted transaction; |
| (c) | the consolidated or merged institution,
or the assets or liabilities purchased or acquired from another institution, were not the subject of any regulatory agreement or stipulation
prior to the effective date of the consolidation, merger, purchase or acquisition; and |
| (d) | the consolidated or merged institution,
or the assets or liabilities purchased or acquired from another institution, have not incurred or been the subject of a loss of a type
payable under this bond in an amount exceeding the deductible amount shown in Item 3 of the Declarations during the preceding three (3)
years. |
©All rights reserved.
END 019
142933 (01/22)
ENDORSEMENT#
19
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 2. | Nothing contained here shall be
held to vary, alter, waive or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 019
142933 (01/22)
ENDORSEMENT#
20
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 1, DEFINITIONS, PROPERTY
(UNCERTIFICATED SECURITIES, DATA PROCESSING
RESTORATION COSTS PROVISION)
It is agreed that:
| 1. | In consideration of the premium charged, it is hereby understood
and agreed that in Section |
| 1. | DEFINITIONS, (b), “Property” is deleted in its
entirety and replaced with the following: |
(b) “Property” means money (i.e.,
currency, coin, bank notes, Federal Reserve notes), postage and revenue stamps, U.S. Savings Stamps, bullion, precious metals of all kinds
and in any form and articles made therefrom, jewelry, watches, necklaces, bracelets, gems, precious and semi-precious stones, bonds, securities,
evidences of debts, debentures, scrip, certificates, interim receipts, warrants, rights, puts, calls, straddles, spreads, transfers, coupons,
drafts, bills of exchange, acceptances, notes, checks, withdrawal orders, money orders, warehouse receipts, bills of lading, conditional
sales contracts, abstracts of title, insurance policies, uncertificated securities, deeds, mortgages under real estate and/or chattels
and upon interests therein, and assignments of such policies, mortgages and instruments, and other valuable papers, including books of
account and other records used by the Insured in the conduct of its business, and all other instruments similar to or in the nature of
the foregoing including electronic representations of such instruments enumerated above (not including data processing records; provided
however, that the cost associated with the reconstruction of data processing records shall be reimbursed to the extent coverage for the
Restoration Costs (as defined) for such records is specifically provided in this bond) in which the Insured has an interest or in which
the Insured acquired or should have acquired an interest by reason of a predecessor’s declared financial condition at the time of
the Insured’s consolidation or merger with, or purchase of the principal assets of, such predecessor or which are held by the Insured
for any purpose or in any capacity and whether so held by the Insured for any purpose or in any capacity and whether so held gratuitously
or not and whether or not the Insured is liable therefor.
©All rights reserved.
END 020
142930 (01/22)
ENDORSEMENT#
20
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| 2. | Nothing contained here shall be
held to vary, alter, waive or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 020
142930 (01/22)
ENDORSEMENT#
21
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 2, EXCLUSION (H)
(INTEREST OR DIVIDENDS)
It is agreed that:
| 1. | Exclusion (h) of Section 2. EXCLUSIONS
is deleted in its entirety and replaced by the following: |
(h) potential income,
including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this bond, except accrued
interest or dividends for which the Insured is legally liable to a customer or other third party or as included under Insuring Agreement
(I).
| 2. | Nothing contained here shall be
held to vary, alter, waive or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 021
142929 (01/22)
ENDORSEMENT#
22
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 2, EXCLUSIONS (J),
In consideration of the premium
charged, it is hereby understood and agreed that SECTION 2, EXCLUSIONS, (j)
is deleted in its entirety and replaced with the following:
| j) | loss through the surrender of Property
away from an office of the Insured as a result of a threat |
| (1) | to do bodily harm to any person,
except loss of Property in transit in the custody of any person acting as messenger provided that when such transit was initiated there
was no knowledge by the Insured of any such threat, except when covered under Insuring Agreement (A). or |
| (2) | to do damage to the premises
or Property of the Insured, except when covered under Insuring Agreement (A). |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN
UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 022
MNSCP
ENDORSEMENT#
23
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 2, EXCLUSIONS (M)
In consideration of the premium
charged, it is hereby understood and agreed that SECTION 2, EXCLUSIONS, (m)
is deleted in its entirety.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN
UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 023
MNSCP
ENDORSEMENT#
24
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 4 DISCOVERY
- Draft (POSITIONS OF KNOWLEDGE)
In consideration of the premium charged, it is hereby understood
and agreed that Section 4. LOSS-NOTICE-PROOF-LEGAL PROCEEDINGS of the TERMS AND CONDITIONS of the attached bond
is deleted in its entirety and replaced with the following:
SECTION 4. LOSS -NOTICE -PROOF-LEGAL PROCEEDINGS
This bond is for
the use and benefit only of the Insured named in the Declarations and the Underwriter shall not be liable hereunder for loss sustained
by anyone other than the Insured unless the Insured, in its sole discretion and at its option, shall include such loss in the Insured's
proof of loss. At the earliest practicable moment after discovery of any loss by the Insured, the Insured shall give the Underwriter written
notice thereof and shall also within six months after such discovery furnish to the Underwriter affirmative proof of loss with full particulars.
If claim is made under this bond for loss of securities or shares, the Underwriter shall not be liable unless each of such securities
or shares is identified in such proof of loss by a certificate or bond number or, where such securities or shares are uncertificated,
by such identification means as agreed to by the Underwriter. The Underwriter shall have thirty days after notice and proof of loss within
which to investigate the claim, but where the loss is clear and undisputed, settlement shall be made within forty-eight hours; and this
shall apply notwithstanding the loss is made up wholly or in part of securities of which duplicates may be obtained. Legal proceedings
for recovery of any loss hereunder shall not be brought prior to the expiration of sixty days after such proof of loss is filed with the
Underwriter nor after the expiration of twenty-four months from the discovery of such loss,
except that any action or proceeding to recover hereunder on account of any judgment against the Insured in any suit mentioned in General
Agreement C or to recover attorneys' fees paid in any such suit, shall be begun within twenty-four months from the date upon which the
judgment in such suit shall become final. If any limitation embodied in this bond is prohibited by any law controlling the construction
hereof, such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law.
Discovery of loss by the Insured occurs when
the Specified Insured Personnel
| (a) | becomes aware of facts, or |
| (b) | receives written notice of an
actual or potential claim by a third party which alleges that the Insured is liable under circumstance |
which would cause a reasonable person
to assume that a loss covered by the bond has been or will be incurred even though the exact amount or details of loss may not be then
known.
©All rights reserved.
END 024
MNSCP
ENDORSEMENT#
24
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
As used herein “Specified Insured
Personnel” mean any of the personnel listed in the schedule below:
SPECIFIED INSURED PERSONNEL
The BNY Mellon Insurance Manager, Senior Counsel
of BNY Mellon Investment Adviser, Inc. with insurance responsibilities, or Counsel of BNY Mellon Investment Adviser, Inc. with insurance
responsibilities.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 024
MNSCP
ENDORSEMENT#
25
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 5, VALUATION OF PROPERTY
In consideration of the premium charged,
it is hereby understood and agreed that in SECTION
5. VALUATION OF PROPERTY is amended by adding the following
paragraph:
Any loss of money, or loss payable in money,
shall be paid, at the option of the Insured, in the money of the country in which the loss was sustained or in the United States of America
dollar equivalent thereof as determined at the rate of exchange as published in the Wall Street Journal at the time of discovery of loss.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 025
MNSCP
ENDORSEMENT#
26
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 11. OTHER INSURANCE
In consideration of the premium charged,
it is hereby understood and agreed that in SECTION
11. OTHER INSURANCE is deleted in its entirety and replaced with
the following:
If the Insured shall hold, as indemnity against
any loss covered hereunder, any valid and enforceable insurance or suretyship, the Underwriter shall be liable hereunder only for such
amount of such loss which is excess of the amount of such other insurance or suretyship but will remain primary to the Comprehensive Crime
Bond program of The Bank of New York Mellon Corporation led by primary bond FINFW1900615 (12/01/2019 to 12/01/2020) including renewals
and replacements thereof.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 026
MNSCP
ENDORSEMENT#
27
This endorsement, effective at
12:01 AM January 31. 2022
forms a part of
Policy number
02-778-29-69
Issued to:
BNY MELLON LARGE CAP SECURITIES FUND. INC. (AND
OTHER INSUREDS INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh.
Pa.
CANCELLATION AMENDATORY (RETURN PRO RATA)
Wherever used herein: (1) "Policy"
means the policy or bond to which this endorsement or rider is made part of; (2) "Insurer" means the "Insurer," "Underwriter,"
"Company" or other name specifically ascribed in this Policy as the insurance company or underwriter for this Policy; (3) "Named
Entity" means the "Named Entity," "Named Corporation," Named Organization," "Named Sponsor,"
"Named Insured," "First Named Insured," "Insured's Representative," "Policyholder" or equivalent
term stated in Item 1 of the Declarations; and
(4)
"Period" means
the "Policy Period,"
"Bond Period"
or equivalent
term stated in
the Declarations.
In consideration
of the premium
charged, it is hereby
understood and agreed that
notwithstanding anything to the
contrary in any
CANCELLATION or TERMINATION clause of this
Policy (and any
endorsement or rider
amending such cancellation
or termination clause, including but
not limited to any state
cancellation/ non- renewal amendatory
attached to this policy),
if this Policy
shall be canceled
by the Named
Entity, the Insurer
shall return to the
Named Entity the
unearned pro rata
proportion of the
premium as of
the effective date of
cancellation.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 027
2-14057
101036 (4/
09) Page 1 of
1
ENDORSEMENT#
28
This
endorsement, effective at 12:01AM January 31, 2022 forms
a part of Policy number: 02-778-29-69
Issued to:
BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS INCLUDED BY
ENDORSEMENT)
By: National
Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 13. TERMINATION
(POSITIONS WITH KNOWLEDGE, PRIOR DISHONESTY
WITH REINSTATEMENT AVAILABLE)
In consideration of the premium charged,
it is hereby understood and agreed that SECTION 13. TERMINATION of the TERMS AND CONDITIONS of this bond is deleted in its entirety and
replaced with the following:
SECTION 13. TERMINATION
The Underwriter
may terminate this bond as an entirety by furnishing written notice specifying the termination date which cannot be prior to 60 days after
the receipt of such written notice by each Investment Company named as Insured and the Securities and Exchange Commission, Washington,
D.C. The Insured may terminate this bond as an entirety by furnishing written notice to the Underwriter. When the Insured cancels, the
Insured shall furnish written notice to the Securities and Exchange Commission, Washington. D.C. prior to 60 days before the effective
date of the termination. The Underwriter shall notify all other Investment Companies named as Insured of the receipt of such termination
notice and the termination cannot be effective prior to 60 days after receipt of written notice by all other Investment Companies. Premiums
are earned until the termination date as set forth herein.
This Bond
will terminate as to any one Insured immediately upon taking over of such Insured by a receiver or other liquidator or by State or Federal
officials, or immediately upon the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of
the Insured, or assignment for the benefit of creditors of the Insured or immediately upon such Insured ceasing to exist, whether through
merger into another entity, or by disposition of all of its assets.
This Bond
will terminate as to any registered management investment company upon the expiration of 60 days by the Insured, or 60 days, if by the
Underwriter, after written notice has been given to the Securities and Exchange Commission, Washington D.C.
This Bond shall terminate
| (a) | as to any Employee as soon as
any Specified Insured Personnel, who is not in collusion with such Employee, shall learn of any dishonest or fraudulent act(s), including
Larceny or Embezzlement on the part of such Employee without prejudice to the loss of any Property then in transit in the custody of such
Employee (See Section 16[d]), or |
©All rights reserved.
END 028
MNSCP
ENDORSEMENT#
28
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
| (b) | as to any Employee 60 days after
receipt by each Insured and by the Securities and Exchange Commission of a written notice from the Underwriter of its desire to terminate
this bond as to such Employee, or |
| (c) | as to any person, who is a partner,
officer or employee of any Electronic Data Processor covered under this bond, from and after the time that any Specified Insured Personnel
who is not in collusion with such person shall have knowledge or information that such person has committed any dishonest or fraudulent
act(s), including Larceny or Embezzlement in the service of the Insured or otherwise, whether such act be committed before or after the
time this bond is effective. |
| (d) | In the event that any Specified
Insured Personnel learns of a prior dishonest or fraudulent act committed by a current or prospective Employee, provided the
amount involved is less than $10,000, the coverage is automatically reinstated provided that all Specified Insured Personnel unanimously
agree in writing to the reinstatement. |
Notwithstanding
anything set forth above, the Underwriter agrees that this bond shall continue to apply in respect of those Employees for whom a written
waiver of a prior dishonest or fraudulent act was granted under any prior bond.
As used herein,
“prior dishonest or fraudulent act” means an act which shows a want of integrity or breach of trust, including but not limited
to an act in disregard of an employer’s interest.
As used herein,
“Specified Insured Personnel” means any of the personnel of the Insured listed in the schedule below:
SPECIFIED INSURED PERSONNEL
The BNY Mellon Insurance Manager, Senior
Counsel of BNY Mellon Investment Adviser, Inc. with insurance responsibilities, or Counsel of BNY Mellon Investment Adviser, Inc. with
insurance responsibilities.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 028
MNSCP
ENDORSEMENT#
29
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 15, CENTRAL HANDLING OF
SECURITIES
In consideration of the premium charged,
it is hereby understood and agreed that in SECTION
15. CENTRAL HANDLING OF SECURITIES is deleted in its entirety
and replaced with the following: SECTION 15. CENTRAL HANDLING OF SECURITIES
Securities included in the systems for
the central handling of securities established and maintained by Depository Trust Company, Midwest Depository Trust Company, Pacific Securities
Depository Trust Company, and Philadelphia Depository Trust Company, or any similar recognized depository, hereinafter called Corporations,
to the extent of the Insured's interest therein as effective by the making of appropriate entries on the books and records of such Corporations
shall be deemed to be Property.
The words "Employee" and "Employees"
shall be deemed to include the officers, partners, clerks and other employees of the New York Stock Exchange, Boston Stock Exchange, Midwest
Stock Exchange, Pacific Stock Exchange and Philadelphia Stock Exchange, or any similar recognized exchange, hereinafter called Exchanges,
and of the above named Corporations, and of any nominee in whose name is registered any security included within the systems for the central
handling of securities established and maintained by such Corporations, and any employee of any recognized service company, while such
officers, partners, clerks and other employees and employees of service companies perform services for such Corporations in the operation
of such systems. For the purpose of the above definition a recognized service company shall be any
company providing clerks or other personnel to said Exchanges or Corporation on a contract basis.
The Underwriter shall not be liable on account
of any loss(es) in connection with the central handling of securities within the systems established and maintained by such Corporations,
unless such loss(es) shall be in excess of the amount(s) recoverable or recovered under any bond or policy of insurance indemnifying such
Corporations, against such loss(es), and then the Underwriter shall be liable hereunder only for the Insured's share of such excess loss(es),
but in no event for more than the Limit of Liability applicable hereunder.
For the purpose of determining the Insured's
share of excess loss(es) it shall be deemed that the Insured has an interest in any certificate representing any security included within
such systems equivalent to the interest the Insured then has in all certificates representing the same security included within such systems
and that such Corporations shall use their best judgment in apportioning the amount(s) recoverable or recovered under any bond or
©All rights reserved.
END 029
MNSCP
ENDORSEMENT#
29
(continued)
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
policy of insurance indemnifying such
Corporations against such loss(es) in connection with the central handling of securities within such systems among all those having an
interest as recorded by appropriate entries in the books and records of such Corporations in Property involved in such loss(es) on the
basis that each such interest shall share in the amount(s) so recoverable or recovered in the ratio that the value of each such interest
bears to the total value of all such interests and that the Insured's share of such excess loss(es) shall be the amount of the Insured's
interest in such Property in excess of the amount(s) so apportioned to the Insured by such Corporations.
This bond does not afford coverage in favor
of such Corporations or Exchanges or any nominee in whose name is registered any security included within the systems for the central
handling of securities established and maintained by such Corporations, and upon payment to the Insured by the Underwriter on account
of any loss(es) within the systems, an assignment of such of the Insured's rights and causes of action as it may have against such Corporations
or Exchanges shall to the extent of such payment, be given by the Insured to the Underwriter, and the Insured shall execute all papers
necessary to secure to the Underwriter the rights provided for herein.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 029
MNSCP
ENDORSEMENT#
30
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND
SECTION 16 (d) (POSITIONS OF KNOWLEDGE/DISCOVERY)
In consideration of the premium charged, it is hereby understood
and agreed as follows:
| 1. | In SECTION 16. ADDITIONAL COMPANIES
INCLUDED AS INSURED of the TERMS AND CONDITIONS of this bond, subparagraph (d) is deleted in its entirety and replaced with the following: |
(d) knowledge
possessed or discovery made by any Specified Insured Personnel shall for the purposes of Section 4 and Section 13 of this bond constitute
knowledge or discovery by all the Insured, and
| 2. | As used herein, “Specified
Insured Personnel” means any of the personnel of the Insured listed in the schedule below: |
SPECIFIED INSURED PERSONNEL
The BNY Mellon Insurance Manager, Senior
Counsel of BNY Mellon Investment Adviser, Inc. with insurance responsibilities, or Counsel of BNY Mellon Investment Adviser, Inc. with
insurance responsibilities.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 030
MNSCP
ENDORSEMENT#
31
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AMEND SECTION 17. NOTICE
AND CHANGE OF CONTROL (POSITIONS OF KNOWLEDGE, NOTICE PERIOD)
In consideration of the premium charged,
is it hereby understood and agreed that Section 17. NOTICE AND CHANGE OF CONTROL of the CONDITIONS AND LIMITATIONS of this bond is deleted
in its entirety and replaced with the following:
SECTION 17. NOTICE AND CHANGE OF CONTROL
Upon the obtaining
of knowledge by the BNY Mellon Insurance Manager, Senior Counsel of BNY Mellon Investment Adviser, Inc. with insurance responsibilities,
or Counsel of BNY Mellon Investment Adviser, Inc. with insurance responsibilities, of a transfer of its outstanding voting securities
which results in a change in control (as set forth in Section 2(a) (9) of the Investment Company Act of 1940) of the Insured, the Insured
shall within sixty (60) days of such knowledge give written notice to the Underwriter setting forth:
| (a) | the names of the transferors and
transferees (or the names of the beneficial owners if the voting securities are requested in another name), and |
| (b) | the total number of voting securities
owned by the transferors and the transferees (or the beneficial owners), both immediately before and after the transfer, and |
| (c) | the total number of outstanding voting securities. |
As used in
this section, control means the power to exercise a controlling influence over the management or policies of the Insured.
Failure to give
the required notice shall result in termination of coverage of this bond, effective upon the date of stock transfer for any loss in which
any transferee is concerned or implicated.
Such notice
is not required to be given in the case of an Insured which is an Investment Company.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 31
MNSCP
ENDORSEMENT#
32
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
CLAIMS EXPENSE ENDORSEMENT
In consideration of the premium charged, it is hereby understood and
agreed that:
| 1. | The bond is amended by adding
Insuring Agreement (CE) to the bond as follows: (CE) CLAIMS EXPENSE |
Reasonable expenses (excluding the cost of
services rendered by employees of the Insured) necessarily incurred and paid by the Insured in preparing any valid claim for loss exceeding
$50,000 that is covered under Insuring Agreements A, B, C, D, E, F, G, H, and/or I and any other valid coverage added by rider. If no
loss is established thereunder, then the Insured will bear all such expenses. There shall be no coverage hereunder for any expenses arising
out of any legal dispute, suit or arbitration with the Underwriter.
| 2. | Solely for the purpose of the coverage
afforded by this rider, Section 2. EXCLUSIONS, paragraph (k) is hereby deleted in its entirety. |
| 3. | The section of Item 3 of the Declarations
entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
|
Insuring Agreement (CE) -
CLAIMS EXPENSE
|
$100,000 |
$10,000 |
| 4. | Nothing herein contained shall
be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements or the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 32
MNSCP
ENDORSEMENT#
33
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
UNAUTHORIZED SIGNATURES
In consideration of the premium charged, it is hereby understood and
agreed that:
| 1. | The INSURING AGREEMENTS Clause of
the attached bond is amended by adding the following additional Insuring Agreement to the end thereof: |
(US) UNAUTHORIZED SIGNATURES
Loss resulting directly from the Insured having
accepted, paid or cashed any check or withdrawal order made or drawn on a customer’s account which bears the signature or endorsement
of one other than a person whose name and signature is on file with the Insured as an authorized signatory on such account.
It shall be a condition precedent to the Insured’s
right of recovery under this Insuring Agreement that the Insured shall have on file signatures of all persons who are authorized signatories
on such account.
| 2. | The section of Item 3 of the Declarations
entitled “Optional Insuring Agreements and Coverages”
is amended by adding the following: |
| |
Limit of Liability |
Deductible |
|
Insuring Agreement (US) - UNAUTHORIZED SIGNATURES
|
$100,000 |
$10,000 |
| 3. | Nothing herein contained shall
be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements or the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 33
MNSCP
ENDORSEMENT#
34
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
PROTECTED INFORMATION EXCLUSION
(CARVEBACK)
This endorsement modifies insurance provided
under the following:
EXCESS EDGE FOLLOW FORM BOND
BROKER-DEALER GUARD
INVESTMENT COMPANY BLANKET BOND
In consideration of the premium charged,
it is hereby understood and agreed that this policy does not cover loss resulting directly or indirectly from the: (i) “theft,”
disappearance or destruction of; (ii) unauthorized use or disclosure of; (iii) unauthorized access to; or (iv) failure to protect any:
| (1) | confidential or non-public; or |
| (2) | personal or personally identifiable; |
information that any person or entity has a duty to protect
under any law, rule or regulation, any agreement or any industry guideline or standard.
This exclusion shall not apply to loss of any money, securities
or tangible property:
| (b) | held by the Insured in any capacity; or |
| (c) | owned and held by someone else under
circumstances which make the Insured responsible for the Property prior to the occurrence of the loss; |
that was the subject of a theft, disappearance, damage or destruction
resulting directly from the unauthorized use or disclosure of such information.
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 034
115903 (10/13) 1
ENDORSEMENT#
35
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
OMNIBUS NAMED INSURED (BNY
MELLON)
It is agreed that:
| 1. | In addition to the entity listed
in Item 1 of the Declaration page, the term “Insured” as used in the attached bond is amended (provided such amendment is
permitted by law) to include: |
| (i) | any interest now or hereafter
owned or controlled by the Insured, provided any such interest so included as Insured under this bond by reason of this rider must be
more than 50% owned or controlled by the Insured and subject to the provisions of General Agreement A as amended; and |
| (ii) | any entity set forth in the
list of investment companies submitted to Underwriter as of the bond’s effective date and any investment company now existing or
hereafter created or acquired during the Bond Period, which is advised, sub-advised and/or administered by BNY Mellon Investment Adviser,
Inc. or any entity now or hereafter majority owned or management controlled by BNY Mellon Investment Adviser, Inc., subject to General
Agreement A, shall be added to the attached bond as an additional joint insured. As used herein, the term “majority owned”
shall mean ownership of greater than fifty percent (50%) of the total equity interest of such entity and the term “management control”
shall mean the right to elect, appoint or designate a majority of the board of directors, management committee or management board of
an entity that is not majority owned. |
| 2. | Nothing herein contained shall
be held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above
stated. |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS
REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 35
MNSCP
ENDORSEMENT#
36
This endorsement, effective at 12:01AM January 31, 2022
forms a part of
Policy number: 02-778-29-69
Issued to: BNY MELLON LARGE CAP SECURITIES FUND, INC. (AND OTHER INSUREDS
INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh, Pa.
AUTOMATIC FUND COVERAGE AND LIMIT INCREASE
RIDER
In consideration of the premium charged, it is hereby understood and
agreed that:
| 1. | If the Insured shall, while
this bond is in force, establish any new funds other than by consolidation or merger with, purchase or acquisition of assets or liabilities
of, another institution, such funds shall automatically be covered hereunder from the date of such establishment without the payment of
additional premium for the remainder of the premium period. |
| 2. | If the Insured shall, while this
bond is in force, require an increase in limits to comply with SEC Rule 17g-1 of the Investment Company Act of 1940, due to an increase
in asset size of current funds insured under the bond or by the addition of new funds, then such increase in limits shall automatically
be covered hereunder from the date of such increase without the payment of additional premium for the remainder of the premium period. |
| 3. | Nothing herein contained shall
be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above
stated. |
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 36
MNSCP
ENDORSEMENT#
37
This endorsement, effective at
12:01 AM January 31. 2022
forms a part of
Policy number
02-778-29-69
Issued to:
BNY MELLON LARGE CAP SECURITIES FUND. INC. (AND
OTHER INSUREDS INCLUDED BY ENDORSEMENT)
By: National Union Fire Insurance Company of Pittsburgh.
Pa.
Product Name: Manually
Issued Policy
NEW YORK PUNITIVE DAMAGES AMENDATORY ENDORSEMENT
It is hereby understood and agreed
that notwithstanding anything to the contrary herein, any coverage for punitive, exemplary and multiplied damages shall not apply if uninsurable
under the law pursuant to which this policy shall be construed. This policy shall be construed under the laws of the state where: (1)
the act or occurrence giving rise to such punitive, exemplary or multiple damages actually or allegedly occurred; (2) the claim seeking
such punitive, exemplary or multiplied damages was brought; (3) the judgment or damages were awarded; or (4) the individual subject to
such punitive, exemplary or multiple damages resides, or where an entity that is subject to such punitive, exemplary or multiple damages
is incorporated or has its principal place of business.
ALL OTHER TERMS,
CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 037
2-14057
ENDORSEMENT#
37
127071 (9/
17)
ENDORSEMENT#
38
This endorsement,
effective
12:01 AM January 31. 2022
forms a part of
policy number
02-778-29-69
issued to BNY
MELLON LARGE CAP SECURITIES FUND. INC. (AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by National
Union Fire Insurance Company of Pittsburgh. Pa.
FORMS INDEX ENDORSEMENT
The contents
of the Policy is
comprised of the
following forms:
|
FORM NUMBER |
EDITION
DATE |
FORM TITLE |
|
| 41205 |
04/95 |
INVESTMENT COMPANY BLANKET BOND DECLARATIONS |
|
|
| 41206 |
09/84 |
Investment Company Blanket Bond guts |
|
|
| 83231 |
01/09 |
NEW YORK LAW 3420 AMENDATORY ENDORSEMENT |
|
|
| 99758 |
08/08 |
NOTICE OF CLAIM (REPORTING BY E-MAIL) |
|
|
| 119679 |
09/15 |
ECONOMIC SANCTIONS ENDORSEMENT |
|
|
| SR6180b |
04/88 |
NEW YORK STATUTORY RIDER/ENDORSEMENT |
|
|
| MNSCPT |
|
VOICE INITIATED TRANSFER FRAUD |
|
|
| 127417 |
11/17 |
FRAUDULENT TRANSFER INSTRUCTIONS COVERAGE |
|
|
| MNSCPT |
|
AUTOMATED TELEPHONE TRANSACTIONS |
|
|
| 140032 |
01/21 |
AMENDED FIDELITY AGREEMENT |
|
|
| 140064 |
01/21 |
DESTRUCTION OF DATA OR PROGRAMS BY VIRUS RIDER |
|
|
| 140062 |
01/21 |
DESTRUCTION OF DATA OR PROGRAMS BY HACKER RIDER |
|
|
| 132744 |
05/19 |
COMPUTER SYSTEMS FRAUD INSURING AGREEMENT |
|
|
| MNSCPT |
|
AMENDED AUDIT EXPENSE |
|
|
| MNSCPT |
|
AMENDED COUNTERFEIT CURRENCY |
|
|
| MNSCPT |
|
AMENDED FORGERY OR ALTERATIONS |
|
|
| MNSCPT |
|
THIRD PARTY CHECK EXCLUSION |
|
|
| 140024 |
01/21 |
EXTENDED COMPUTER SYSTEMS RIDER |
|
|
| 142931 |
01/22 |
DEFINITION OF EMPLOYEE AMENDED RIDER |
|
|
| 142932 |
01/22 |
AMEND INSURING AGREEMENT (I) UNCOLLECTIBLE ITEMS |
OF |
DEPOSIT |
| 142933 |
01/22 |
GENERAL AGREEMENT A AMENDED RIDER |
|
|
| 142930 |
01/22 |
AMEND SECTION 1, DEFINITIONS, PROPERTY |
|
|
| 142929 |
01/22 |
AMEND SECTION 2, EXCLUSION (H) |
|
|
©All rights reserved.
END 038
2-14057
78859 (10/ 01)
ENDORSEMENT#
38
This endorsement,
effective
12:01 AM January 31. 2022
forms a part of
policy number
02-778-29-69
issued to BNY
MELLON LARGE CAP SECURITIES FUND. INC. (AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by National
Union Fire Insurance Company of Pittsburgh. Pa.
FORMS INDEX ENDORSEMENT
The contents
of the Policy is
comprised of the
following forms:
| FORM NUMBER |
EDITION
DATE |
FORM TITLE AMEND |
| MNSCPT |
|
SECTION 2, EXCLUSIONS (J), AMEND |
| MNSCPT |
|
SECTION 2, EXCLUSIONS (M) |
| MNSCPT |
|
AMEND SECTION 4 DISCOVERY - Draft
|
| MNSCPT |
|
AMEND SECTION 5, VALUATION OF PROPERTY |
| MNSCPT |
|
AMEND SECTION 11. OTHER INSURANCE |
| 101036 |
04/09
|
CANCELLATION AMENDATORY (RETURN PRO RATA) |
| MNSCPT |
|
AMEND SECTION 13. TERMINATION |
| MNSCPT |
|
AMEND SECTION 15, CENTRAL HANDLING OF SECURITIES |
| MNSCPT |
|
AMEND SECTION 16 (d) |
| MNSCPT |
|
AMEND SECTION 17. NOTICE AND CHANGE OF CONTROL |
| MNSCPT |
|
CLAIMS EXPENSE ENDORSEMENT |
| MNSCPT |
|
UNAUTHORIZED SIGNATURES |
| 115903 |
10/13 |
PROTECTED INFORMATION EXCLUSION |
| MNSCPT |
|
OMNIBUS NAMED INSURED |
| MNSCPT |
|
AUTOMATIC FUND COVERAGE AND LIMIT INCREASE RIDER |
| 127071 |
09/17 |
NEW YORK PUNITIVE DAMAGES AMENDATORY ENDORSEMENT |
| 78859 |
|
FORMS INDEX ENDORSEMENT |
ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.
AUTHORIZED REPRESENTATIVE
©All rights reserved.
END 038
2-14057
78859 (10/ 01)
CLAIM REPORTING FORM
Issuing Company: National Union Fire Insurance Company of Pittsburgh.
Pa.
Reported under Policy/ Bond Number:02-778-29-69 Date:_______________
Type of
Coverage: D&O _____ E&O ________ Fidelity
________ (complete the Fidelity
Supplemental on the next page) Insured's
Name, as given
on Policy Declarations (Face Page):
BNY MELLON LARGE CAP SECURITIES FUND.
INC. (AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
Contact Person:
___________________________________________________
Title:
Phone_( )______ -_______
Ext __________
eMail: __________ @________________
Case or
Claimant Name: ___________________________________
If the party involved is different from "Insured" Name
(as given on Policy Declarations) state relationship:
Insurance
Broker/
Agent:
MARSH
USA INC.
Address:1166 AVENUE OF
THE AMERICAS.
NEW YORK.
NY 10036-3712
Address: ______________________________________________
Contact: MARIA
CARDONA
Phone: _______________
eMail: Maria.E.Cardona@marsh.com
Send Notice of Claims to:
AIG
Financial Lines Claims
P.O. Box 25947
Shawnee Mission, KS 66225
Phone: Fax: Email:
(888) 602-
5246
(866) 227-
1750
c- Claim@
AIG.com
CLAIM REPORTING FORM
FIDELITY SUPPLEMENTAL
(Only complete this supplemental if the Claim is being reported under Fidelity
Coverage)
Issuing Company:National Union Fire Insurance Company of Pittsburgh. Pa.
Reported under Policy/ Bond Number:02-778-29-69
Date of
Discovery: ___________________
Estimated Amount
of loss: ___________________
| Cause of Loss: Employee Dishonesty |
|
Computer Fraud |
|
| Funds Transfer |
|
Robbery/ Burglary |
|
| ID Theft |
|
Forgery |
|
| Client Property |
|
In Transit |
|
|
ERISA |
|
Credit Card Forgery |
|
Other ________ if
Other, describe: __________
Send Notice Of Claims To:
AIG
Financial Lines Claims
P.O. Box 25947
Shawnee Mission, KS 66225
Phone: Fax: Email:
(888) 602-
5246
(866) 227-
1750
c- Claim@AIG.com
CLAIM REPORTING FORM
centralized Customer Link and Information Management
BNY Mellon Municipal Inc... (AMEX:DMF)
Graphique Historique de l'Action
De Nov 2023 à Déc 2023
BNY Mellon Municipal Inc... (AMEX:DMF)
Graphique Historique de l'Action
De Déc 2022 à Déc 2023
