In the United States various service providers to pension plans governed by the Employee Retirement Income Security Act of 1974 ( ERISA ) are required to obtain and maintain fidelity bond coverage in prescribed amounts.
32.
Optional property endorsements that can be added to a BOP include coverage for certain crimes, spoilage of merchandise, computer equipment, mechanical breakdown, forgery and fidelity bond, but the coverage limits for these inclusions are typically low.
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Fidelity, the nation's biggest fund company, reported that last year's bond market debacle prompted a flight from fixed-income funds : A 5 percent year-over-year decline in the number of households that own a Fidelity bond fund.
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If a Kansas insurer swaps tornado coverage for earthquake policies from a California insurer, the Kansas insurance commissioner can insist on a fidelity bond or a bank deposit that guarantees a certain portion of the risk.
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In the aggressive fashion that defined the mutual fund company at the time, Fidelity bond fund managers in 1994 went searching for higher returns by taking on more risk _ specifically by buying derivatives and Mexican debt.
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The 125 workers at Y & A Group, electric-utility engineers in St . Louis, thought that a fidelity bond would reimburse them after the company's chief executive embezzled $ 254, 000 from their 401 ( k ).
37.
The 125 workers at Y & AMP; A Group, electric-utility engineers in St . Louis, thought that a fidelity bond would reimburse them after the company's chief executive embezzled $ 254, 000 from their 401 ( k ).
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Like most other unions, the Federation of State, County and Municipal Employees has what is known as a fidelity bond insurance policy that provides for reimbursing the union if an official commits dishonest acts that cause the union to lose money.
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In February 1968, Cameron-Brown Co ., a $ 10 billion mortgage banker created in 1955 from the merger of Fidelity Bond & Mortgage Co . ( started in 1946 in Greensboro, changed its name to First Union Mortgage Corp . to match its parent company.
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Sir Alexander was the founding President of The Guarantee Company of North America in 1872, providing fidelity bonds to guarantee the honesty of employees of railroads and government, which still exists today as the largest provider of surety bonds in all of Canada in public works and government services.
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