Galt was the founding president of The Guarantee Company of North America in 1872, providing fidelity bonds to guarantee the surety of employees of railroads and government.
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Thomas J . Steffanci, the head of the Fidelity bond business who left in January, would not comment on what went wrong at Fidelity, a spokesman said Tuesday.
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Fidelity Bond & AMP; Mortgage, based in Blue Bell, Pa ., recently arranged refinancing for a New York City office building that had asbestos-wrapped pipe in the basement.
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The probate court may require that the executor provide a fidelity bond, an insurance policy in favor of the estate to protect against possible abuse by the executor.
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Third-party fidelity bonds protect businesses against intentionally wrongful acts committed by people working for them on a contract basis ( e . g ., consultants or independent contractors ).
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Franchisees must complete a training course, as well as ongoing training, and submit a Fidelity Bond, to ensure that customers are treated fairly, although no franchisee has foregone a fidelity bond.
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Franchisees must complete a training course, as well as ongoing training, and submit a Fidelity Bond, to ensure that customers are treated fairly, although no franchisee has foregone a fidelity bond.
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"Shearson Lehman had been acquired by Smith Barney so we went to Smith Barney's vice president for customer relations to ask them to move on the fidelity bond and we got nothing,"
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Selection for the 1952 Summer Olympics in Helsinki was in doubt as he refused to sign the Australian Olympic Federation fidelity bond, which demanded he remain amateur for two years after the Games.
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In business partnerships, it is the responsibility of the business working as a contractor or subcontractor to carry third-party fidelity bond coverage, though it is typically the other party who requests or requires such coverage.