Desert Empire Bank, Etc. v. Insurance Co. Of North America, Etc.

U.S. Court of Appeals, Ninth Circuit · Decided 1980-07-25

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JOHN W. PECK, Circuit Judge. In October 1973, the Insurance Company of North America (INA) extended insurance coverage to the Desert Empire Bank (DEB) under “Banker’s Blanket Bond No. S725542” and “Bank Employee Dishonesty Blanket Bond No. S796699.” In general terms, these bonds provided coverage to DEB for any dishonest, fraudule…

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