Blanket bond definition
Blanket bond means a bond that covers collectively all public employees and public officials without the necessity of scheduling names or positions as a part of the bond, and a bond whereby new public employees and new public officials entering employment or office during the period of the bond are automatically included without notice to the fund.
Blanket bond means a bond that covers collectively all public employees and
Blanket bond means a blanket surety bond issued in accordance with the requirements of § 55.1-2220 of the Code of Virginia obtained and maintained by a developer in lieu of escrowing deposits accepted by a developer in connection with the purchase or reservation of a product.
Examples of Blanket bond in a sentence
The fidelity bond and errors and omissions insurance shall be in the form of Mortgage Banker's Blanket bond and shall protect and insure such Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such persons.
The fidelity bond and errors and omissions insurance shall be in the form of Mortgage Banker's Blanket bond and shall protect and insure the Servicer or the Special Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such persons.
More Definitions of Blanket bond
Blanket bond means a blanket surety bond issued in accordance with the requirements of § 55.1-
Blanket bond means a blanket surety bond issued in accordance with the requirements of § 55.1-2220 of the Code of Virginia obtained and maintained by a developer in lieu of