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In 2005, ISO introduced the Financial Institutions Program for the coverage needs of financial institutions. The program initially targeted banks and savings institutions. A variety of forms were added later, addressing the needs of other entities including credit unions, securities brokers, mortgage bankers and others. The program is being rewritten structuring coverage as a Bond to reflect the traditional identity of these forms as found in federal and state regulations. New coverages are being added as well, and existing coverages are being updated. This new form, Financial Institution Bond – Banks and Savings Institutions FI 00 60 12 19 replaces the Financial Institution Crime Policy for Banks and Savings Institutions. Because of the extensive rewriting, we will simply analyze the new form in its entirety.  Due to the length of the form, it will be discussed in separate sections. This article discusses the general agreements, of which there are nine.

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