trust department errors and omissions coverage
Trust department errors and omissions coverage is coverage for the liability of bank trust department personnel arising out of their acts as trustees.
trust department errors and omissions coverage
Trust department errors and omissions coverage is coverage for the liability of bank trust department personnel arising out of their acts as trustees.
Additional Information
Examples of acts that may give rise to such liability include improper investment of trust assets, failure of a stock transfer agent to effect the transfer in the required time limit, and permitting devaluation of trust assets.
