ISO issues crime policy program for banks.Insurance Services Office Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property-casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients with offices throughout the United has introduced a new insurance program to protect financial institutions from employee dishonesty dis·hon·es·ty n. pl. dis·hon·es·ties 1. Lack of honesty or integrity; improbity. 2. A dishonest act or statement. Noun 1. , forgery forgery, in art forgery, in art, the false claim to authenticity for a work of art. The Nature of Forgery Because the provenance of works of art is seldom clear and because their origin is often judged by means of subtle factors, art , computer crime, kidnap and ransom, and safe-deposit liability, enhancing its offering of fidelity and crime products. The Financial Institutions Program includes policy forms and endorsements, underwriting rules, loss costs or projections of future claims and an experience and schedule rating plan. It is primarily designed for banks and savings institutions, but some policy forms can be written for any financial institution. ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. has filed the program, which takes effect June 1, for regulatory approval in all U.S. jurisdictions. |
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