8/13/2019 [Insurance] Fortune vs. CA

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8/13/2019 [Insurance] Fortune vs. CA

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It is clear to us that insofar as Fortune is concerned, it was its intention to exclude and exempt

from protection and coverage losses arising from dishonest, fraudulent, or criminal acts of

persons granted or having unrestricted access to Producers' money.

We are satisfied that Magalong and Atiga, especially with regard to them as authorized

representatives" who served as such with its teller Maribeth Alampay..

In view of the foregoing, Fortune is exempt from liability.