Financial institution bonds utilized by fund groups (sometimes known as investment company blanket bonds) often provide at least some degree of coverage against losses resulting from third-party frauds in requests for redemptions and other designated transactions in fund shares. Bonds may differ with respect to the scope of coverages afforded, as well as in the specific terms and conditions to which these coverages are subject. Coverage terms aside, the insurers themselves may also differ in their experience in the bond market, their claims-handling reputations, their responsiveness to administrative and coverage needs of insureds, and the client services they make available.