UNION LABOR LIFE INS. CO. v. FID. & DEPOSIT CO. OF MARYLAND


228 A.D.2d 244 (1996)

643 N.Y.S.2d 566

Union Labor Life Insurance Company, Respondent, v. Fidelity and Deposit Company of Maryland, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

June 11, 1996


Each term in the bond issued by the non-party surety, if not specifically defined in the bond, "should be given its plain, ordinary and proper meaning" (Dupack v Nationwide Leisure Corp., 73 A.D.2d 903, 905). So viewed, the language of the National Union Fire Insurance of Pittsburgh bond excludes coverage of plaintiff's loss because the loss was not on a note "executed" by a "customer" of plaintiff. Thus, that bond does not constitute...

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