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Re: [AGA-sc] Bond
Sounds reasonable to me. I'm not sure where it came from to start with. I
remember absolutely nothing about it.
Karen
----- Original Message -----
From: "S. Hieber" <shieber@yahoo.com>
To: <aga-sc@thekrib.com>
Sent: Wednesday, August 30, 2006 9:37 AM
Subject: [AGA-sc] Bond
>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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