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fidelity bond provision


Guest rhp

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Has anybody run across an “automatic increase form” for a fidelity bond which says something like this: “ At inception of this policy, if you have a Limit of Insurance for your Plan that is equal to or greater than the amount of insurance required by ERISA, we will automatically increase the Limit of Insurance to be equal to the amount required by ERISA at the time the loss is discovered.”

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