EX-99 3 chubbexess2.htm CHUBB EXCESS 2

MARSH USA, INC
ATTN: Maria Cardona
1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036

INSURED: | THE DREYFUS FUND INCORPORATED
PRODUCT: | DFIBond
POLICY NO: | 81458621
TRANSACTION: | RENL

| Chubb Group of Insurance Companies | DECLARATIONS
|  |  |  |  |  |  | FINANCIAL INSTITUTION
| 15 Mountain View Road, Warren, New Jersey 07059 | EXCESS BOND FORM E
NAME OF ASSURED: |  |  |  |  |  | Bond Number: 81458621
THE DREYFUS FUND INCORPORATED |  |  | FEDERAL INSURANCE COMPANY
|  |  |  |  |  |  | Incorporated under the laws of Indiana,
200 PARK AVENUE |  |  |  |  |  | a stock insurance company, herein called the COMPANY
NEW YORK, NY 10166 |  |  |  |  |  |
|  |  |  |  |  |  | Capital Center, 251 North Illinois, Suite 1100
|  |  |  |  |  |  | Indianapolis, IN 46204-1927
ITEM 1. | BOND PERIOD: | from |  | 12:01 a.m. on January 31, 2014 |
|  | to |  | 12:01 a.m. on January 31, 2015 |
ITEM 2. | AGGREGATE LIMIT OF LIABILITY: $N/A |
ITEM 3. | SINGLE LOSS LIMIT OF LIABILITY: | $ | 20,000,000 |
ITEM 4. | DEDUCTIBLE AMOUNT: $ See Endorsement No. 2 |
ITEM 5. | PRIMARY BOND: |  |  |  |  |
| Insurer: |  |  | National Union Fire Insurance Company of Pittsburgh, Pa
| Form and Bond No. |  | Investment Company Blanket Bond / Bond No. 01-881-36-60
| Limit |  | $ | 10,000,000 |
| Deductible: |  | $ | 50,000 |  |  |
| Bond Period: |  | January 31, 2014 – January 31, 2015
| Insurer: |  |  | Federal Insurance Company |
| Form and Bond No. |  | Financial Institution Excess Bond / Bond No.82307667
| Limit |  | $ | 10,000,000 |
| Deductible: |  |  | See Endorsement No. 2 |
| Bond Period: |  | January 31, 2014 – January 31, 2015
ITEM 6. | COVERAGE EXCEPTIONS TO PRIMARY BOND: |
| NOTWITHSTANDING ANY COVERAGE PROVIDED BY THE PRIMARY BOND, THIS EXCESS BOND
| DOES NOT DIRECTLY OR INDIRECTLY COVER: None |
ITEM 7. | TOTAL OF LIMITS OF LIABILITY OF OTHER UNDERLYING BONDS, EXCESS OF PRIMARY BOND:
| N/A |  |  |  |  |  |
ITEM 8. | THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING
| ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:
| 1 - 7 |  |  |  |  |  |
IN WITNESS WHEREOF, THE COMPANY issuing this Bond has caused this Bond to be signed by its authorized
officers, but it shall not be valid unless also signed by a duly authorized representative of the Company.

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 7-92) | Page 1 of 1

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 7-92) | Page 1 of 1

| The COMPANY, in consideration of the required premium, and in reliance on the
| statements and information furnished to the COMPANY by the ASSURED, and subject
| to the DECLARATIONS made a part of this bond and to all other terms and conditions
| of this bond, agrees to pay the ASSURED for:
Insuring Clause | Loss which would have been paid under the Primary Bond but for the fact the loss
| exceeds the Deductible Amount.
| Coverage under this bond shall follow the terms and conditions of the Primary Bond,
| except with respect to:
| a. | The coverage exceptions in ITEM 6. of the DECLARATIONS; and
| b. | The limits of liability as stated in ITEM 2. and ITEM 3. of the DECLARATIONS.
| With respect to the exceptions stated above, the provisions of this bond shall apply.
General Agreements |  |
Change Or Modification | A. | If after the inception date of this bond the Primary Bond is changed or modified,
Of Primary Bond |  | written notice of any such change or modification shall be given to the COMPANY
|  | as soon as practicable, not to exceed thirty (30) days after such change or
|  | modification, together with such information as the COMPANY may request. There
|  | shall be no coverage under this bond for any loss related to such change or
|  | modification until such time as the COMPANY is advised of and specifically
|  | agrees by written endorsement to provide coverage for such change or
|  | modification.
Representations Made | B. | The ASSURED represents that all information it has furnished to the COMPANY
By Assured |  | for this bond or otherwise is complete, true and correct. Such information
|  | constitutes part of this bond.
|  | The ASSURED must promptly notify the COMPANY of any change in any fact or
|  | circumstance which materially affects the risk assumed by the COMPANY under
|  | this bond.
|  | Any misrepresentation, omission, concealment or incorrect statement of a material
|  | fact by the ASSURED to the COMPANY shall be grounds for recision of this bond.
Notice To Company Of | C. | The ASSURED shall notify the COMPANY at the earliest practical moment, not to
Legal Proceedings Against |  | exceed thirty (30) days after the ASSURED receives notice, of any legal
Assured - Election To |  | proceeding brought to determine the ASSURED’S liability for any loss, claim or
Defend |  | damage which, if established, would constitute a collectible loss under this bond or
|  | any of the Underlying Bonds. Concurrent with such notice, and as requested
|  | thereafter, the ASSURED shall furnish copies of all pleadings and pertinent
|  | papers to the COMPANY.

Excess Bond (7-92) R |
Form 17-02-0842 (Ed. 7-92) R | Page 1 of 5

General Agreements |  |  |  |  |  |
Notice To Company Of |  |  | If the COMPANY elects to defend all or part of any legal proceeding, the court
Legal Proceedings Against |  |  | costs and attorneys’ fees incurred by the COMPANY and any settlement or
Assured - Election To |  |  | judgment on that part defended by the COMPANY shall be a loss under this bond.
Defend |  |  | The COMPANY’S liability for court costs and attorneys’ fees incurred in defending
(continued) |  |  | all or part of such legal proceeding is limited to the proportion of such court costs
|  |  | and attorneys’ fees incurred that the amount recoverable under this bond bears to
|  |  | the amount demanded in such legal proceeding.
|  |  | If the COMPANY declines to defend the ASSURED, no settlement without the
|  |  | prior written consent of the COMPANY or judgment against the ASSURED shall
|  |  | determine the existence, extent or amount of coverage under this bond, and the
|  |  | COMPANY shall not be liable for any costs, fees and expenses incurred by the
|  |  | ASSURED.
Conditions And |  |  |  |  |  |
Limitations |  |  |  |  |  |
Definitions | 1 | . | As used in this bond:
|  |  | a. | Deductible Amount means the amount stated in ITEM 4. of the
|  |  |  | DECLARATIONS. In no event shall this Deductible Amount be reduced for
|  |  |  | any reason, including but not limited to, the non-existence, invalidity,
|  |  |  | insufficiency or uncollectibility of any of the Underlying Bonds, including the
|  |  |  | insolvency or dissolution of any Insurer providing coverage under any of the
|  |  |  | Underlying Bonds.
|  |  | b. | Primary Bond means the bond scheduled in ITEM 5. of the
|  |  |  | DECLARATIONS or any bond that may replace or substitute for such bond.
|  |  | c. | Single Loss means all covered loss, including court costs and attorneys’
|  |  |  | fees incurred by the COMPANY under General Agreement C., resulting
|  |  |  | from: |  |
|  |  |  | (1 | ) | any one act of burglary, robbery or attempt either, in which no
|  |  |  |  |  | employee of the ASSURED is implicated, or
|  |  |  | (2 | ) | any one act or series of related acts on the part of any person resulting
|  |  |  |  |  | in damage to or destruction or misplacement of property, or
|  |  |  | (3 | ) | all acts other than those specified in c.(1) and c.(2), caused by any
|  |  |  |  |  | person or in which such person is implicated, or
|  |  |  | (4 | ) | any one event not specified above, in c.(1), c.(2) or c.(3).
|  |  | d. | Underlying Bonds means the Primary Bond and all other insurance
|  |  |  | coverage referred to in ITEM 7. of the DECLARATIONS.

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 7-92) | Page 2 of 5

Conditions And |  |  |  |
Limitations |  |  |  |
(continued) |  |  |  |
Limit Of Liability | 2 | . | The COMPANY’S total cumulative liability for all Single Losses of all ASSUREDS
|  |  | discovered during the BOND PERIOD shall not exceed the AGGREGATE LIMIT
|  |  | OF LIABILITY as stated in ITEM 2. of the DECLARATIONS. Each payment made
Aggregate Limit Of |  |  | under the terms of this bond shall reduce the unpaid portion of the AGGREGATE
Liability |  |  | LIMIT OF LIABILITY until it is exhausted.
|  |  | On exhausting the AGGREGATE LIMIT OF LIABILITY by such payments:
|  |  | a. | the COMPANY shall have no further liability for loss or losses regardless of
|  |  |  | when discovered and whether or not previously reported to the COMPANY,
|  |  |  | and
|  |  | b. | the COMPANY shall have no obligation under General Agreement C. to
|  |  |  | continue the defense of the ASSURED, and on notice by the COMPANY to
|  |  |  | the ASSURED that the AGGREGATE LIMIT OF LIABILITY has been
|  |  |  | exhausted, the ASSURED shall assume all responsibility for its defense at
|  |  |  | its own cost.
| The unpaid portion of the AGGREGATE LIMIT OF LIABILITY shall not be increased or
| reinstated by any recovery made and applied in accordance with Section 4. In the event
| that a loss of property is settled by indemnity in lieu of payment, then such loss shall not
| reduce the unpaid portion of the AGGREGATE LIMIT OF LIABILITY.
Single Loss Limit Of | The COMPANY’S liability for each Single Loss shall not exceed the SINGLE LOSS
Liability | LIMIT OF LIABILITY as stated in ITEM 3. of the DECLARATIONS or the unpaid portion
| of the AGGREGATE LIMIT OF LIABILITY, whichever is less.
Discovery | 3 | . | This bond applies only to loss first discovered by the ASSURED during the BOND
|  |  | PERIOD. Discovery occurs at the earlier of the ASSURED being aware of:
|  |  | a. | facts which may subsequently result in a loss of a type covered by this bond,
|  |  |  | or
|  |  | b. | an actual or potential claim in which it is alleged that the ASSURED is liable
|  |  |  | to a third party,
|  |  | regardless of when the act or acts causing or contributing to such loss occurred,
|  |  | even though the amount of loss does not exceed the applicable Deductible
|  |  | Amount, or the exact amount or details of loss may not then be known.
Subrogation-Assignment- | 4 | . | In the event of a payment under this bond, the COMPANY shall be subrogated to
Recovery |  |  | all of the ASSURED’S rights of recovery against any person or entity to the extent
|  |  | of such payments. On request, the ASSURED shall deliver to the COMPANY an
|  |  | assignment of the ASSURED’S rights, title and interest and causes of action
|  |  | against any person or entity to the extent of such payment.

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 70-2) | Page 3 of 5

Conditions And |  |  |  |
Limitations |  |  |  |
Subrogation-Assignment- |  |  | Recoveries, whether effected by the COMPANY or by the ASSURED, shall be
Recovery |  |  | applied net of the expense of such recovery, first, to the satisfaction of the
(continued) |  |  | ASSURED’S loss which would otherwise have been paid but for the fact that it is
|  |  | in excess of the AGGREGATE LIMIT OF LIABILITY, second, to the COMPANY in
|  |  | satisfaction of amounts paid in settlement of the ASSURED’S claim and third, to
|  |  | the ASSURED in satisfaction of the DEDUCTIBLE AMOUNT. Recovery from
|  |  | reinsurance and/or indemnity of the COMPANY shall not be deemed a recovery
|  |  | under this Section.
Cooperation Of Assured | 5 | . | At the COMPANY’S request and at reasonable times and places designated by
|  |  | the COMPANY the ASSURED shall:
|  |  | a. | submit to examination by the COMPANY and subscribe to the same under
|  |  |  | oath, and
|  |  | b. | produce for the COMPANY’S examination all pertinent records, and
|  |  | c. | cooperate with the COMPANY in all matters pertaining to the loss.
|  |  | The ASSURED shall execute all papers and render assistance to secure to the
|  |  | COMPANY the rights and causes of action provided for under this bond. The
|  |  | ASSURED shall do nothing after loss to prejudice such rights or causes of action.
Termination | 6 | . | This bond terminates as an entirety on the earliest occurrence of any of the
|  |  | following:
|  |  | a. | sixty (60) days after the receipt by the ASSURED of a written notice from the
|  |  |  | COMPANY of its decision to terminate this bond, or
|  |  | b. | immediately on the receipt by the COMPANY of a written notice from the
|  |  |  | ASSURED of its decision to terminate this bond, or
|  |  | c. | immediately on the appointment of a trustee, receiver or liquidator to act on
|  |  |  | behalf of the ASSURED, or the taking over of the ASSURED by State or
|  |  |  | Federal officials, or
|  |  | d. | immediately on the dissolution of the ASSURED, or
|  |  | e. | immediately on exhausting the AGGREGATE LIMIT OF LIABILITY, or
|  |  | f. | immediately on expiration of the BOND PERIOD, or
|  |  | g. | immediately on cancellation, termination or recision of the Primary Bond.
Conformity | 7 | . | If any limitation within this bond is prohibited by any law controlling this bond’s
|  |  | construction, such limitation shall be deemed to be amended so as to equal the
|  |  | minimum period of limitation provided by such law.

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 7-92) | Page 4 of 5

Conditions And |  |  |
Limitations |  |  |
(continued) |  |  |
Change Or Modification | 8 | . | This bond or any instrument amending or affecting this bond may not be changed
Of This Bond |  |  | or modified orally. No change in or modification of this bond shall be effective
|  |  | except when made by written endorsement to this bond signed by an Authorized
|  |  | Representative of the COMPANY.

Excess Bond (7-92) |
Form 17-02-0842 (Ed. 70-2) | Page 5 of 5

FEDERAL INSURANCE COMPANY
Endorsement No: 1
Bond Number: | 81458621
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED |
NAME OF ASSURED ENDORSEMENT |
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows:
THE DREYFUS FUND INCORPORATED |
(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT AS PER PRIMARY BOND)
200 PARK AVENUE |
NEW YORK, NY 10166 |
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2014.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 27, 2014

Excess Bond |
Form 17-02-0949 (Rev. 1-97) | Page 1

| FEDERAL INSURANCE COMPANY |
| Endorsement No. | 2 |
| Bond Number: | 81458621 |
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED |  |
AMENDED DEDUCTIBLE/DROP DOWN ENDORSEMENT
It is agreed that this bond is amended by deleting ITEM 4., DEDUCTIBLE AMOUNT of the |
DECLARATIONS, in its entirety and substituting the following: |  |
"ITEM 4. DEDUCTIBLE AMOUNT |  |
a. | $50,000., plus any unpaid portion of the AGGREGATE LIMIT OF LIABILITY of the |
| Underlying Bonds on the date of payment of any Single Loss under this bond. |
b. | The ASSURED shall notify the COMPANY immediately of any payment made or |
| intended to be made under any of the Underlying Bonds. |  |
c. | This bond shall drop down but only by the amount paid under the Underlying Bonds." |
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2014. |
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. |

Date: March 27, 2014

Excess Bond

Form 17-02-1003 (Ed. 7-92)

| ENDORSEMENT/RIDER
Effective date of |
this endorsement/rider: January 31, 2014 | FEDERAL INSURANCE COMPANY
| Endorsement/Rider No. 3
| To be attached to and
| form a part of Bond No. 81458621
Issued to: THE DREYFUS FUND INCORPORATED
AMENDING REPRESENTATIONS MADE BY ASSURED ENDORSEMENT
In consideration of the premium charged, it is agreed that this bond is amended by deleting in its entirety General
Agreement B., Representations Made By Assured, and substituting the following:
B. The ASSURED represents that all information it has furnished to the COMPANY for this bond or otherwise
is complete, true and correct. Such information constitutes part of this bond.
Any intentional misrepresentation, omission, concealment or incorrect statement of a material fact by
the ASSURED to the COMPANY shall be grounds for rescission of this bond.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage. |
All other terms, conditions and limitations of this Bond shall remain unchanged.

Q08-393 (02/2008)

Page 1

|  |  |  | ENDORSEMENT/RIDER
Effective date of |  |
this endorsement/rider: January 31, 2014 | FEDERAL INSURANCE COMPANY
|  |  | Endorsement/Rider No. | 4
|  |  | To be attached to and |
|  |  | form a part of Bond No. | 81458621
Issued to: THE DREYFUS FUND INCORPORATED |
FOLLOW FORM ENDORSEMENT
In consideration of the premium charged, it is agreed that: |
(1 | ) | Coverage under this bond shall only apply in conformance with the terms and conditions of the following
|  | endorsements of the Primary Bond. |  |
(2 | ) | Accordingly, no coverage will be available for the Coverage Exceptions to the Primary Bond set forth in
|  | ITEM 6., of the DECLARATIONS of this bond, and such exceptions shall be inapplicable to this bond.
|  | The Company shall not be liable to the ASSURED or to any other person or entity claiming through or
|  | in the name or right of the ASSURED for any loss or other liability based on, arising out of, directly or
|  | indirectly resulting from, in consequence of, or in any way involving the coverage otherwise afforded in
|  | such Coverage Exceptions. |  |
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage. |  |
All other terms, conditions and limitations of this Bond shall remain unchanged.

Q09-688 (04/2009)

Page 1

|  |  |  | FEDERAL INSURANCE COMPANY
|  |  |  | Endorsement No. | 5
|  |  |  | Bond Number: | 81458621
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED |
NEW YORK AMENDATORY ENDORSEMENT
It is agreed that this bond is amended as follows: |
1 | . | By deleting paragraph a. in its entirety from Section 6., Termination, and substituting the following:
|  | "a. TERMINATION BY THE COMPANY |
|  | BONDS IN EFFECT SIXTY (60) DAYS OR LESS |
|  | If this bond has been in effect for less than sixty (60) days and if it is not a renewal bond, the
|  | COMPANY may terminate it for any reason by mailing or delivering to the ASSURED and to the
|  | authorized agent or broker, if any, written notice of termination at least twenty (20) days before the
|  | effective date of termination. |
|  | The COMPANY may, however, terminate this bond by mailing or delivering to the ASSURED and
|  | to the authorized agent or broker, if any, written notice of termination at least fifteen (15) days
|  | before the effective date of termination if the COMPANY cancels for: |
|  | (1 | ) | Nonpayment of premium; |
|  | (2 | ) | Conviction of a crime arising out of acts increasing the hazard insured against;
|  | (3 | ) | Discovery of fraud or material misrepresentation in the obtaining of this bond or in the
|  |  |  | presentation of a claim thereunder; |
|  | (4 | ) | Violation of any provision of this bond that substantially and materially increases the hazard
|  |  |  | insured against, and which occurred subsequent to inception of the current BOND PERIOD;
|  | (5 | ) | If applicable, material physical change in the property insured, occurring after issuance or
|  |  |  | last annual renewal anniversary date of this bond, which results in the property becoming
|  |  |  | uninsurable in accordance with the COMPANY's objective, uniformly applied underwriting
|  |  |  | standards in effect at the time this bond was issued or last renewed; or material change in
|  |  |  | the nature or extent of this bond occurring after issuance or last annual renewal anniversary
|  |  |  | date of this bond, which causes the risk of loss to be substantially and materially increased
|  |  |  | beyond that contemplated at the time this bond was issued or last renewed;
|  | 6 | ) | A determination by the Superintendent of Insurance that continuation of the present
|  |  |  | premium volume of the COMPANY would jeopardize the COMPANY's policyholders,
|  |  |  | creditors or the public, or continuing the bond itself would place the COMPANY in violation
|  |  |  | of any provision of the New York Insurance Code; or |
|  | (7 | ) | Where the COMPANY has reason to believe, in good faith and with sufficient cause, that
|  |  |  | there is a probable risk or danger that the Property will be destroyed by the ASSURED for
|  |  |  | the purpose of collecting the insurance proceeds. |

Excess Bond |
Form 17-02-1067 (Rev. 9-93) | Page 1

|  |  |  |  | BONDS IN EFFECT MORE THAN SIXTY (60) DAYS
|  |  |  |  | If this bond has been in effect for sixty (60) days or more, or if it is a renewal of a bond
|  |  |  |  | issued by the COMPANY, it may be terminated by the COMPANY by mailing or delivering
|  |  |  |  | to the ASSURED and to the authorized agent or broker, if any, written notice of termination
|  |  |  |  | at least fifteen (15) days before the effective date of termination. Furthermore, when the
|  |  |  |  | bond is a renewal or has been in effect for sixty (60) days or more, the COMPANY may
|  |  |  |  | terminate only for one or more of the reasons stated in a. (1)-(7) above.
|  |  |  |  | NOTICE OF TERMINATION
|  |  |  |  | Notice of termination under this Section a. shall be mailed to the ASSURED and to the
|  |  |  |  | authorized agent or broker, if any, at the address shown on the DECLARATIONS of this
|  |  |  |  | bond. The COMPANY, however, may deliver any notice instead of mailing it.
|  |  |  |  | RETURN PREMIUM CALCULATIONS
|  |  |  |  | The COMPANY shall refund the unearned premium computed pro rata if this bond is
|  |  |  |  | terminated by the COMPANY."
2 | . | It is further understood and agreed that for the purposes of Section 6., Termination, any occurrence
|  | listed in Parts (d), (e) or (f) of that Section shall be considered to be a request by the ASSURED to
|  | immediately terminate this bond.
3 | . | By adding a new Section reading as follows:
|  | "Section 9. Election To Conditionally Renew / Nonrenew This Bond
|  | A. | CONDITIONAL RENEWAL
|  |  | If the COMPANY conditionally renews this bond subject to:
|  |  | 1 | . | Change of limits of liability;
|  |  | 2 | . | Change in type of coverage;
|  |  | 3 | . | Reduction of coverage;
|  |  | 4 | . | Increased deductible;
|  |  | 5 | . | Addition of exclusion; or
|  |  | 6 | . | Increased premiums in excess of 10%, exclusive of any premium increased due to and
|  |  |  |  | commensurate with insured value added; or as a result of experience rating, retrospective
|  |  |  |  | rating or audit; the COMPANY shall send notice as provided in B. NOTICES OF
|  |  |  |  | NONRENEWAL AND CONDITIONAL RENEWAL immediately below.
|  | B. | NOTICES OF NONRENEWAL AND CONDITIONAL RENEWAL
|  |  | 1 | . | If the COMPANY elects not to renew this bond, or to conditionally renew this bond as
|  |  |  |  | provided in Section A. herein, the COMPANY shall mail or deliver written notice to the
|  |  |  |  | ASSURED at least sixty (60) but not more than one hundred twenty (120) days before:
|  |  |  |  | (a) | The expiration date; or
|  |  |  |  | (b) | The anniversary date if this bond has been written for a term of more than one year.

Excess Bond |
Form 17-02-1067 (Rev. 9-93) | Page 2

|  | 2 | . | Notice shall be mailed or delivered to the ASSURED at the address shown on the
|  |  |  | DECLARATIONS of this bond and the authorized agent or broker, if any. If notice is mailed,
|  |  |  | proof of mailing shall be sufficient proof of notice.
|  | 3 | . | Paragraphs 1. and 2. immediately above shall not apply when the ASSURED, authorized
|  |  |  | agent or broker, or another insurer has mailed or delivered written notice to the COMPANY
|  |  |  | that the bond has been replaced or is no longer desired."
4 | . | By adding a new Section reading as follows:
|  | "Section 10. Other Insurance
|  | If there is any other valid and collectible insurance which would apply in whole or in part in the absence
|  | of this bond, then the COMPANY shall not be liable under this bond for a greater proportion of any loss
|  | than the proportion that the available limit of liability under this bond bears to the total applicable limit of
|  | liability of all valid and collectible insurance against such loss."
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2014.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 27, 2014

Excess Bond |
Form 17-02-1067 (Rev. 9-93) | Page 3

| ENDORSEMENT/RIDER
Effective date of |
this endorsement/rider: January 31, 2014 | FEDERAL INSURANCE COMPANY
| Endorsement/Rider No. 6
| To be attached to and
| form a part of Policy No. 81458621
Issued to: THE DREYFUS FUND INCORPORATED |
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or
regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage. |
All other terms, conditions and limitations of this Policy shall remain unchanged.

14-02-9228 (2/2010)

Page 1

|  |  | FEDERAL INSURANCE COMPANY
|  |  | Endorsement No. | 7
|  |  | Bond Number: | 81458621
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED |
CO-SURETY ENDORSEMENT
It is agreed that this bond is amended as follows: |
1 | . | By adding to Section 1., Definitions, the following: |
|  | "e. | Controlling Company means FEDERAL INSURANCE COMPANY. |
|  | f. | Company means, unless otherwise specified, each insurance company, including the
|  |  | Controlling Company, executing this Endorsement. |
|  | g. | Companies means, unless otherwise specified, all of the insurance companies, including the
|  |  | Controlling Company, executing this Endorsement." |
2 | . | By adding to Section 2., Limit of Liability, the following: |
|  | "Each Company shall be liable only for such proportion of any Single Loss as the AGGREGATE
|  | LIMIT OF LIABILITY underwritten by such Company, as specified in this Endorsement, bears to the
|  | AGGREGATE LIMIT OF LIABILITY as stated in ITEM 2. of the DECLARATIONS, but in no event shall
|  | any Company be liable for an amount greater than that underwritten by it." |
3 | . | By adding to General Agreement C., Notice To Company Of Legal Proceedings Against Assured -
|  | Election To Defend, the following: |
|  | “In the absence of a request from any Company to pay premiums directly to it, premiums for this bond
|  | may be paid to the Controlling Company for the account of all Companies.
|  | In the absence of a request from any Company that notice of claim and proof of loss be given to or filed
|  | directly with it, the ASSURED giving such notice to and the filing of such proof with the Controlling
|  | Company shall be deemed to be in compliance with the conditions of this bond for the giving of notice
|  | of loss and the filing of proof of loss, if given and filed in accordance with said conditions."
4 | . | By adding to Section 6., Termination, the following: |
|  | "The Controlling Company may give notice in accordance with the terms of this bond terminating the
|  | bond as an entirety or as to any Employee or ASSURED, and any notice so given shall termination the
|  | liability of all Companies as an entirety or as to such Employee or ASSURED, as the case may be.
|  | Any Company other than the Controlling Company may give notice in accordance with the terms of
|  | this bond, terminating the entire liability of such other Company under this bond or as to any person or
|  | entity. |
|  | In the absence of a request from any Company that notice of termination by the ASSURED of this bond
|  | in its entirety may be given to or filed directly with it, the giving of such notice in accordance with the
|  | terms of this bond to the Controlling Company shall terminate the liability of all Companies as an
|  | entirety. The ASSURED may terminate the entire liability of any Company under this bond by giving
|  | notice of such termination to that Company and by sending a copy of such notice to the Controlling
|  | Company. |

Excess Bond |
Form 17-02-0698 (Rev. 5-02) | Page 1

|  | In the event of the termination of this bond as an entirety, no Company shall be liable to the ASSURED
|  | for a greater proportion of any return premium due the ASSURED than the AGGREGATE LIMIT OF
|  | LIABILITY underwritten by that Company bears to the AGGREGATE LIMIT OF LIABILITY as stated in
|  | ITEM 2. of the DECLARATIONS. |
|  | In the event of the termination of this bond as to any Company, such Company alone shall be liable to
|  | the ASSURED for any return premium due the ASSURED on account of such termination. The
|  | termination of the attached bond as to any Company other than the Controlling Company shall not
|  | terminate or otherwise affect the liability of the other Companies under this bond.”
5 | . | By adding a new Section: |
|  | Section 11. Controlling Company |
|  | "The execution by the Controlling Company of the DECLARATIONS, Endorsement 1 - 6, shall
|  | constitute execution by all the Companies signing this Endorsement.
|  | In the event this bond is modified during the BOND PERIOD, the Controlling Company shall notify the
|  | Companies or their respective representatives, in writing, of such change. Each Company shall be
|  | deemed to agree to such modification, unless such Company notifies the Controlling Company or the
|  | Controlling Company’s representative in writing, that they do not agree to such modification. If a
|  | Company fails to object to a modification within fifteen (15) days of receipt of notice from the
|  | Controlling Company, such Company shall be deemed to agree to such modification.”
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2014.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Underwritten for a | ENTER WRITING COMPANY
LIMIT OF LIABILITY of $10,000,000 | Controlling Company
Part of $20,000,000 | CHUBB & SON,
|  |  | A DIVISION OF FEDERAL INSURANCE COMPANY
|  |  | Manager

Excess Bond |
Form 17-02-0698 (Rev. 5-02) | Page 2

IMPORTANT NOTICE TO POLICYHOLDERS
All of the members of the Chubb Group of Insurance companies doing business in the United
States (hereinafter “Chubb”) distribute their products through licensed insurance brokers and agents
(“producers”). Detailed information regarding the types of compensation paid by Chubb to producers on
US insurance transactions is available under the Producer Compensation link located at the bottom of the
page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from
your producer.
Thank you for choosing Chubb.

10-02-1295 (ed. 6/2007)

POLICYHOLDER
DISCLOSURE NOTICE OF
TERRORISM INSURANCE COVERAGE
(for policies with no terrorism exclusion or sublimit)
You are hereby notified that, under the Terrorism Risk Insurance Act (the “Act”), effective
December 26, 2007, this policy makes available to you insurance for losses arising out of
certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of the
Treasury, in concurrence with the Secretary of State and the Attorney General of the
United States, to be an act of terrorism; to be a violent act or an act that is dangerous to
human life, property or infrastructure; to have resulted in damage within the United
States, or outside the United States in the case of an air carrier or vessel or the premises
of a United States Mission; and to have been committed by an individual or individuals as
part of an effort to coerce the civilian population of the United States or to influence the
policy or affect the conduct of the United States Government by coercion.
You should know that the insurance provided by your policy for losses caused by acts of
terrorism is partially reimbursed by the United States under the formula set forth in the
Act. Under this formula, the United States pays 85% of covered terrorism losses that
exceed the statutorily established deductible to be paid by the insurance company
providing the coverage.
However, if aggregate insured losses attributable to terrorist acts certified under the Act
exceed $100 billion in a Program Year (January 1 through December 31), the Treasury
shall not make any payment for any portion of the amount of such losses that exceeds
$100 billion.

10-02-1281 (Ed. 1/2003)

If aggregate insured losses attributable to terrorist acts certified under the Act exceed
$100 billion in a Program Year (January 1 through December 31) and we have met our
insurer deductible under the Act, we shall not be liable for the payment of any portion of
the amount of such losses that exceeds $100 billion, and in such case insured losses up
to that amount are subject to pro rata allocation in accordance with procedures
established by the Secretary of the Treasury.
The portion of your policy’s annual premium that is attributable to insurance for such acts
of terrorism is: $ -0-.
If you have any questions about this notice, please contact your agent or broker.

10-02-1281 (Ed. 1/2003)