What is a bankers blanket bond policy? a. Why is it called a bond? b. Why is
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What is a bankers’ blanket bond policy?
a. Why is it called a ‘bond’?
b. Why is it called ‘blanket’?
c. What does it cover exactly? (Find out specific policy summaries or articulate descriptions from actual insurers.) Try and capture the overall coverage in a matrix like those in Section 2.2.5.
d. Why do you think there is a need for it?
e. How would you classify it in terms of cover?
f. What do you think are the main risks involved?
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