There is a special policy, known as Bankers'
Blanket Bond, whose main objective is to identify fraud employees and covers situations.
2) An individual, schedule, or
blanket bond, or combination thereof, is acceptable under ERISA Section 412, provided that the form of the bond, in its particular clauses and application, is not inconsistent with meeting (1) the substantive requirements of ERISA for the persons and plan involved, and (2) the specific requirements of the regulations.
Get a good lawyer with experience in tech issues to review your
blanket bond and computer crime rider.
Twenty years ago, the insurance industry could offer products such as the bankers
blanket bond, the stockbrokers
blanket bond, the mortgage bankers
blanket bond and others.
In the RTC-Moskowitz case (footnote 23), the RTC claimed losses under a bankers
blanket bond resulting from alleged dishonest acts attributed to bank officers and employees.
MSI), was covered under a stockbrokers
blanket bond issued by the Insurance Company of North America (INA).
Star Financial Bank(23) the Seventh Circuit considered Insuring Agreement D of a depository institutions
blanket bond, which covered losses resulting directly from forgery of a negotiable instrument.
Arkansas statute, pursuant to which broker posted securities dealer
blanket bond, did not impliedly permit direct right of action by third parties.
First Bank(22) the surety sought a declaration that the acts of the insured's former president were not covered under a bankers
blanket bond.
17) a stock brokerage firm sought indemnification under a stockholder
blanket bond and stockholder partnership bonds for amounts it paid in settlement of certain underlying claims.
The Professional Liability Insurance Forum will address issues related to professional indemnity, bankers
blanket bonds, political violence and medical malpractice, said the event organisers FinMark Communications.
