Securities insuring agreement

{
  "id": "MLC-T-INS-003041",
  "term": "Securities insuring agreement",
  "field": "Insurance and risk management",
  "definition": "A component of a financial institution bond or crime policy that provides coverage for losses of securities. This agreement typically covers risks such as theft, mysterious disappearance, destruction, or damage to securities. It applies to securities held on the insured's premises, in transit, or deposited with other entities, subject to specific exclusions and limits.",
  "url": "https://mlchart.com/terminology/insurance/securities-insuring-agreement/"
}