Under the current commercial inland marine program of Insurance Services Office, one form—mail coverage form, CM 00 60—covers valuable mail shipments made by financial and fiduciary organizations. It provides coverage against risks of direct physical loss (accidental loss or damage) to covered property. The property may be sent by: first class mail, certified mail, United States postal service express mail, and registered mail. The coverage is written on a reporting basis with reports and premiums being sent to the insurer on a regular basis as shown on the declarations page. Several endorsements are available for use with this coverage. They are: transfer agents mail, CM 60 08 09 00; securities sent under air bill, CM 60 09 09 00; securities sent by the treasury department, CM 60 10 09 00; and flat premium per shipping package, CM 60 02 09 00.

Financial and fiduciary organizations eligible to use the mail coverage form are: banks and bankers, trust companies, insurance companies, security brokers, investment corporations whose business is primarily fiduciary in nature, and corporations that act as their own security transfer agents or registrars.

Like the other inland marine coverage parts of the program, the mail coverage form may be used independently to insure property on a monoline basis or in conjunction with coverage parts of the other simplified language programs on a multi-line basis.

When a monoline mail policy is desired, it is formed by combining a mail coverage declarations (showing limits for covered property by type of mail shipment used and any special provisions), a reporting declarations (showing deposit and annual minimum premiums, reporting period, and applicable rates by type of covered property), a mail coverage form (CM 00 60 09 00), a common policy conditions form (IL 00 17 11 98), a commercial inland marine conditions form (CM 00 01 09 00), and any applicable endorsements.