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If a Dealer Member maintains insurance under Part C of Rule 4400 that names the insured as, or that benefits, the Dealer Member and any other person, then:
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the Dealer Member must have the right to claim directly against the insurer for losses, and payment or satisfaction of losses must be made directly to the Dealer Member, and
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the individual or aggregate limits under the standard form financial institution bond may only be affected by claims made by or for:
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the Dealer Member,
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the Dealer Member’s subsidiaries whose financial results are consolidated with the Dealer Member’s, or
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the Dealer Member’s holding company, if the holding company does not carry on any business or own any investments other than its interest in the Dealer Member.
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This applies no matter what the claims, experience, or any other factor that refers to any other person.
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There is no history log for this rule.