Re: [AGA-sc] Bond

[Larry Lampert <l_lampert@yahoo.com>]

I agree, I also want to see what Mike comes up with
from Rusty. I did not even know his insurance company
wrote these Bonds but if they do he will certainly
give us the best rate and terms he can.  


--- "S. Hieber" <shieber@yahoo.com> wrote:

> I received a copy of the Bond for which about $500
> is due. After giving it a quick scan of coverage,
> definitions and terms and conditions, it appears
> that it covers loss as the result of action of an
> "Employee" of the AGA, which is defined, briefly, as
> any compensated person transacting business of the
> AGA and who *is not* a Director or Trustee. So the
> Bond basically covers us for nothing since the
> Treasurer is and has been a Director of the AGA.
>  
> I recommend we pay what we have to thus far and
> cancel the policy.
>  
> Anyone see any reason to do otherwise?
>  
> sh
>  
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