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	<description>Community Association Property Management, Palm Beach Co., Florida</description>
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		<title>Fidelity Bonds for Community Associations</title>
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		<pubDate>Fri, 09 Jul 2010 14:54:58 +0000</pubDate>
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				<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Board of Directors]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Crime Coverage]]></category>
		<category><![CDATA[Employee Dishonesty]]></category>
		<category><![CDATA[fidelity Bond]]></category>
		<category><![CDATA[Insurance]]></category>

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		<description><![CDATA[I am not aware of any law that requires a community association to have Fidelity Bond coverage, but in the normal course of business it is a prudent form of protection.  Fidelity Bond coverage provides protection for loss of money (i.e., reserves or operating expenses, additional securities and property) that would arise from fraudulent or dishonest acts of those who would be defined as persons handling the association’s money.]]></description>
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