Mutual Security Life Insurance Co. Ex Rel. Bennett v. Fidelity & Deposit Co. of Maryland

OPINION

NAJAM, Judge.

STATEMENT OF THE CASE

Mutual Security Life Insurance Company ("MSL"), by its Liquidator, Donna D. Bennett (the "Liquidator"), appeals from the grant of summary judgment in favor of Fidelity and Deposit Company of Maryland ("F & D"). F & D provided insurance coverage to MSL under a blanket fidelity bond which insured losses resulting directly from dishonest or fraudulent acts to a limit of $1,000,000. MSL's complaint alleges such losses. F & D moved for summary judgment on the grounds that MSU's claim is barred by the provision in the bond which automatically terminates…