Insolvency of Financial Institution. The Insurance may exclude liability of the Insurer to indemnify an Insured against any Claim arising as a result of the insolvency of a financial institution which holds client money in a Client Account of an Insured or arising from the failure of such financial institution generally to repay monies on demand.
Appears in 5 contracts
Samples: Participating Insurers Agreement, Participating Insurers Agreement, Participating Insurers Agreement
