Bank: An establishment for the custody, loan, exchange or issuance of money; also for the extension of credit in the form of loans and for facilitating the transmission of funds.
Surety & Fidelity Association Standard Form 24: Designed for commercial banks, savings banks, savings and loans/thrifts, the Federal Deposit Insurance Corporation (FDIC), agencies or branches of foreign banks, trust companies and title insurance companies that accept deposits for savings and checking accounts.
Companion Forms:
- Computer Crime Policy for Financial Institutions: Stand-alone policy designed to cover exposures associated with the computer systems of the insured.
- Combination Safe Depository Policy for Financial Institutions: Covers liability of the depository due to loss of property within the customer safe deposit boxes held by a bank or credit union. Additional coverage is provided for loss of property and premises damage.