Definition of "Name schedule bond"

Tina Beasley real estate agent

Written by

Tina Beasleyelite badge icon

Florida Homes Realty & Mortgage LLC

Fidelity bond under which an insured employer is reimbursed for loss caused by the dishonest act of two or more employees named or listed in a schedule attached to the bond. The specific amount of coverage is listed beside the name of each employee on the schedule. Coverage is the same as that found under the individual fidelity bond.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Death from other than accidental means. ...

Liability reserve, establishment required by the national association of insurance commissioners (naic), the purpose of which is to accumulate realized capital gains and losses resulting ...

Phrase formerly used to describe coverage for perils of accident and sickness. ...

Sickness incurred by the insured that does not require restriction of activity to the indoors. ...

Trusts in which individuals manage their own assets and only if a predetermined event occurs, such as incapacity, will another party take over the management of these assets. Upon ...

Hospital insurance program that provides medical professional liability insurance coverage to non employed hospital physicians. The objective of this means of insurance coverage is to ...

Quantitative measurement of the total costs (losses, risk control costs, risk financing costs, and administration costs) associated with the risk management function, as compared to a ...

Premium required by an insurance company for plans subject to premium adjustment. The initial provisional premium is paid to put a commercial property or liability insurance policy into ...

Individual who possesses a unique ability essential to the continued success of a business firm. For example, this individual might have the technical knowledge necessary for research and ...

Popular Insurance Questions