to collect on a fidelity bond
that Cumis had issued to St.
In February 2010 about two months before the massive fraud was uncovered, CUMIS issued a fidelity bond
Brian Smith, Segal Select Insurance Services Inc's COO, said, 'As the premiere fiduciary insurance and fidelity bond
broker in the Taft-Hartley market, this acquisition expands our core clientele and further increases Segal Select's West Coast presence.
A surety bond doesn't cover theft and fraud, but a fidelity bond
does, and a state law requires the Banking Department to require the entities it regulates to obtain such a bond.
In its effort to reduce this fraud, Medicare now requires all DME providers to purchase a fidelity bond
for each store location in the amount of $50,000.
Tabbed dividers organize the contents: fiduciary duties of directors, liabilities of bank and thrift counsel, administrative enforcement, directors' and officers' insurance, fidelity bond
claims, indemnity, and a table of cases.
Some of the most common risks The Hartford found were not fully adopting the fiduciary protections provided by section 404(c) of ERISA; triggering the return of retirement plan contributions made by highly compensated employees because of low employee participation; lacking sufficient fidelity bond
protection against plan improprieties, thereby exposing the employer to greater financial liability; and using ineffective plan designs which limit retirement assets.
and Errors & Omissions Policies To protect from corporate malfeasance, reputable QIs are fully bonded, with a large per-occurrence policy that provides bonding up to the amount identified for each client in the midst of a 1031 exchange.
Blanchette's fidelity bond
, and took it to court in 2003.
The Company is in good standing in terms of its liability insurance, workers' compensation insurance, fidelity bond
, and business license.
It said it will file a claim under the fidelity bond
with its insurance company.
Is fidelity bond
coverage applicable in this situation?