Summary: Effective 5/1/2023, ISO made available two new crime forms and revised three others. The biggest changes are with the advent of the new forms, one of which makes it possible for the insurer to exclude loss due to digital, or crypto, tokens and NFTs; and the other to provide an option to amend the verification of account process to gain additional controls where appropriate. The endorsement revisions are mostly to indicate the coverage forms and policies to which the duties in event of loss condition applies. These changes are discussed in more detail in this analysis.
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