Are certificates guaranteed to be covered under the bond?
Submitted by admin on Fri, 09/05/2008 - 03:01.
All stock from all issues is covered under the blanket bond. HOWEVER, if the stock certificate is valued over $50,000.00, the surety company must review the particular case before agreeing to cover the certificate replacement under the bond. Therefore, Island cannot replace a lost certificate valued over $50,000.00 until the surety company sends approval of coverage.
