National Credit Union Administration Board v. Cumis Insurance Society, Inc.
Case Details
- Judge(s)
- Merritt, Batchelder, Rogers
- Status — whether other courts must follow this ruling
- Unpublished
- Procedural Posture — the stage the case had reached
- appeal
- Circuit
- Sixth Circuit
Related Laws
No specific laws identified for this ruling.
Outcome
The appeals court affirmed the lower court's judgment that the insurance company was not obligated to provide coverage under the fidelity bond because a director's knowledge of the employee's dishonest acts prior to the bond's effective date triggered the termination provision, preventing coverage from ever taking effect.
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