Forgery or Alteration (Insuring Agreement D)

≡	A bookkeeper of a corporate customer signs the business owner’s name on a company check and deposits the funds into her personal account at another bank. The forgery is detected when the business owner reviews his monthly statements.

≡	A corporate customer reports a discrepancy on his monthly statement. Upon investigation, it is determined that someone has obtained one of the customer’s cancelled checks and created counterfeit checks that were negotiated at several financial institutions in the area. The bank reimburses the customer for the missing funds.