Fidelity Bond


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Fidelity Bond

An insurance device in the form of a personal guaranty that protects against loss resulting from disreputable or disloyal employees or other individuals who possess positions of confidence.

A bank might, for example, insure itself against losses deliberately or negligently caused by their officers and staff through the execution of a fidelity bond. If such losses occur, the amount of the bond is forfeited to reimburse the losses.

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to collect on a fidelity bond that Cumis had issued to St.
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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.
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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?