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Who may terminate a fidelity bond?

Updated: 9/16/2023
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13y ago

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Either the employer or the surety.

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13y ago
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Q: Who may terminate a fidelity bond?
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Related questions

What are fidelity bond limits?

A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.


What is the difference between a fidelity bond and commercial crime insurance?

A fidelity bond is a type of insurance that protects a company from losses due to employee dishonesty, while commercial crime insurance is broader and covers a wider range of criminal activities such as theft, fraud, and forgery committed by employees or third parties. Fidelity bonds generally only cover employee dishonesty, while commercial crime insurance can cover a variety of criminal acts that may occur in a business.


How does a fidelity bond protect an insurance policyholder?

Fidelity Bond Insurance protects businesses against employee fraud. It also allows high risk employees to become employed by protecting the employer.


What is the difference between a surety bond and fidelity bond?

A fidelity bond is a specific type of surety bond issued to protect an employer from financial or property losses due to the dishonesty of employees. Often these bonds are issued when an employer hires 'high risk' employees.It works exactly like a surety bond does.


What is a fidelity bond?

A contract which indemnifies an employer for losses caused by dishonest or fraudulent acts of employees.


How much do you need to day trade?

Most prop firms require a 25k fidelity bond.


How would one go about getting a fidelity 401k?

Fidelity 401K may be available through your employer. You should inquire about them there.


Is a fidelity bond the same as a fiduciary bond?

Not exactly. There IS a commonality, and that is the protection from fraud, embezzlement, and general dishonest conduct. The most significant difference is that "fidelity" bonding is ONLY a dishonesty protection where fiduciary bonds provide much broader coverage to include a principal's due diligence and competence when handling third party funds.


Where can I receive a high yield bond?

You can get a high yield bond online using the company fidelity. They have fabulous reviews and a good return. They allow you to chose the credit rating and risk tolerance that you feel comfortable with.


What is a bonded employee?

This usually means the employee has obtain a fidelity bond - usually a guarantee against dishonesty losses such as embezzlement. One caveat though... most fidelity bonds have an arrest and conviction clause in the fine print. If you are an employee, I'd recommend you consider Crime insurance as a better, althought costlier, alternative to fidelity bonding.


Where can i redeem a GMAC 30 year bond that matures in June of 2015?

Go see a stockbroker or visit an office of Charles Schwab or Fidelity


What is the oldest open end bond mutual fund?

I don't know. But since there are no answers yet, I'm going to mention that Fidelity Investment Grade Bond Fund, FBNDX, has an inception date of 9/30/1971.