Nat'l Newark & Essex Bank v. American Insurance Co.

*66The opinion of the court was delivered by

Pashman, J.

This appeal requires the Court to determine whether the fidelity provisions of a Banker’s Blanket Bond issued to the plaintiff Bank provide coverage for the losses caused by the conduct of one of its employees under the rather unusual circumstances of this ease-. If coverage is found to exist, we must next determine whether the filing of the claim herein was timely under the limitation period specified in the bond.

National Newark and Essex Bank, now named Midlantic National Bank (hereinafter the Bank), seeks indemnification from the American…