What documents help an insurer review asset access and transfers?
Gather the fund and custody agreements, authority records, and transfer or withdrawal procedures that show who can access or move assets.[1]
Mark who initiates, approves, changes, and releases a transfer; ask how the crime wording treats client property and direct-loss conditions.[5]
Read the Asset Management Insurance Buying Guide
Sources and Further Reading
- 17 CFR § 275.206(4)-2 — Custody of funds or securities of clients by investment advisers — Electronic Code of Federal Regulations; Securities and Exchange Commission rule. Paragraphs (a)–(d) and (g); authoritative but unofficial eCFR display, current through 2026-09-24; accessed 2026-09-28.
Current custody-rule text and its defined adviser scope; eCFR identifies itself as authoritative but unofficial.
- 17 CFR § 275.204-3 — Delivery of brochures and brochure supplements — Electronic Code of Federal Regulations; Securities and Exchange Commission rule. Paragraphs (a)–(c) and (e); authoritative but unofficial eCFR display, current through 2026-09-24; accessed 2026-09-28.
Current adviser brochure-delivery rule and stated exceptions; not evidence of coverage.
- Small Business Insurance — National Association of Insurance Commissioners. General liability, what it does not cover, and other business insurance types; accessed 2026-09-28.
General distinctions among E&O, crime, cyber, and employment-practices lines; not financial-services wording.
- Insurance Topics | Cybersecurity — National Association of Insurance Commissioners. Cyber risks and cyber insurance; page background last updated May 9, 2024; accessed 2026-09-28.
General cyber customization context; not an asset-manager claim interpretation.
- Commercial Insurance Guide — California Department of Insurance. Form 700, revised June 14, 2024; commercial property and covered causes, crime, commercial general liability, time element, workers compensation, and rating sections; accessed 2026-09-28.
California commercial examples for crime, CGL, property, and quote review; not a national custody or bond rule.
- Asset Management Protector — Chubb. Asset Management Protector Premier overview; state availability varies and the issued policy controls; accessed 2026-09-28.
Named U.S. asset-management offering; check state availability and actual issued terms.
- Chubb Asset Management Protector Premier Policy Guidebook — Chubb. Private-company D&O and professional-liability part, including Investment Adviser Liability; private-fund clauses for fund/insured-person liability and fund-manager professional liability; declarations; claims-made sample; defense-cost and retention terms; accessed 2026-09-28.
Sample private-company and private-fund clauses, declarations, claims-made terms, defense costs, and retention; only selected clauses apply.
- FTC Safeguards Rule: What Your Business Needs to Know
Limited FTC-jurisdiction examples for some advisers; does not apply to every adviser.
This guide is general insurance buying education, not legal advice, an investment-adviser coverage opinion, or a determination of custody. Have qualified counsel review regulatory scope and ask the insurer about actual forms.
Updated 2026-09-28. Editorial Policy
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