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Bonding of Board Members

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racer10 View Drop Down
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Joined: January.12.2007
Location: Neohio
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Post Options Post Options   Thanks (0) Thanks(0)   Quote racer10 Quote  Post ReplyReply Direct Link To This Post Topic: Bonding of Board Members
    Posted: January.12.2007 at 10:31am

We are looking for information on bonding for our Board members, can anyone provide companies and premium cost?

 

Thank you.

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bigjon View Drop Down
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Joined: October.25.2004
Location: Lower Miflord
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bigjon Quote  Post ReplyReply Direct Link To This Post Posted: January.28.2007 at 4:12pm
Do you need more than the D&O insurance offered by National last year?
The internet should have stupidity filters
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Mikeatscca View Drop Down
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Joined: April.15.2005
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mikeatscca Quote  Post ReplyReply Direct Link To This Post Posted: January.29.2007 at 10:34am

Bonding is used to protect the treasury and financial assets of the Region when handled by individuals. The D & O insurance is not for that reason, it is to protect Region officers from certain liabilities potentially arising from lawsuits.

Mike

Michael E. Dickerson
Region Development Manager, SCCA
800.770.2055, ext 358
Mdickerson@scca.com
Better to have been a racer for a moment than a spectator for a lifetime.
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