¶ Sidney Schnipper (Schnipper) as president of Municipal Pension Protectors, Inc. (Municipal) was a covered person under the policy of liability insurance issued by defendant-respondent The Home Indemnity Company (Home) which, among other things, insured Municipal against damages for personal injury liability "sustained by any person * * * arising out of one or more of the following offenses committed in the conduct of the named insured's business: Group A — false...
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