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DEFINITION of 'Blanket Bond'. Insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty. Next Up. Examples of things that a blanket bond might cover are forged checks, counterfeit currency, fraudulent trading, and property damage.
Blanket accident and health insurance defined. (a) Any policy or contract of insurance against death or injury resulting from accident. or from accidental means which insures a group of persons conforming to the requirements of. one of the following subdivisions (1) to (7), inclusive, shall be deemed a blanket accident. policy.