What it does
CR 35 22 requires the insured to keep a record of checks received so that a loss of checks can be valued; checks not recorded are not covered.
Who needs it
Businesses receiving many customer checks, such as retailers, utilities and collection offices.
How it fits the policy
This endorsement changes the base crime or fidelity form it is attached to and is listed with the other endorsements on the declarations. Schedules in the endorsement (names, positions, amounts or dates) control how it applies, so confirm the schedule is complete before binding. ISO's forms index lists the current edition for 52 jurisdictions.
Quoting and selling notes
- Explain the record-keeping requirement to the client's cash office.
