Ordered that the order and judgment is affirmed, with costs.
The defendant issued a "Comprehensive Dishonesty Disappearance and Destruction Policy" to the plaintiff effective July 29, 1982. Thereafter, the plaintiff discovered an employee defalcation scheme which involved six of its employees. Section 8 of the policy at issue provides, in pertinent part: "No action shall lie against the Company * * * unless commenced within two years from the date when the insured...
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