Jefferson Bank & Trust Co. v. Central Surety & Insurance Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• notice provisions regarding potential losses and provisions for handling of defense indicate that a bond covers liability
• notice provisions regarding potential losses and provisions for handling of defense indicate that a bond covers liability
• \the time of discovery of loss mentioned in the bond is not intended to be the time when a claim of the depositor or customer is established ultimately by entry of judgment.\
• “the time of discovery of loss mentioned in the bond is not intended to be the time when a claim of the depositor or customer is established ultimately by entry of judgment.”
• “ ‘[T]he time of discovery of the risk insured against is when the bank must reasonably have known and recognized that Brede had suffered a loss and that Brede apparently intended to attempt to hold the bank hable for such a loss.’ ”

Source: CourtListener parenthetical corpus (CC0).