Court of Appeals for the Ninth Circuit February 2, 2000, 98-55589 (Karen Kane Inc. v. Reliance Insurance Company, a Corporation, Opinion)

O’SCANNLAIN, Circuit Judge:

We must decide, under California law, whether an insurer for incidents of employee dishonesty properly refused to pay the coverage limit for the first two of three separate one-year policy periods, in connection with an employee’s fraudulent scheme that spanned all three periods.

I

Karen Kane, Inc.