The Investment Company Policy designed by Great American for registered management investment companies and mutual funds exceeds federal requirements. It also provides more extensive coverage than the Financial Institution Standard Form 14 offered by the Surety & Fidelity Association of America (SFAA).
Enhancements Include:
Telefacsimile Transmission Coverage
Uncollectible Items of Deposit Coverage
Unauthorized Signatures Coverage
Automated Phone Systems Coverage
90-Day Cancellation
Stop Payment Legal Liability Coverage
Audit Expense
Computer Systems Coverage with Voice Initiated Transfer
Optional 12-Month Discovery Period in the Event of Termination or Cancellation
Each and Every Loss Limit of Liability
Coverage for Outside Servicers, including Investment Advisors, Underwriters (distributors), Stock Transfer Agents and Administrators