INSURANCE BROKER/DEALER ADVISORY COMMITTEE - STANDARD MUTUAL FUND APPLICATION & STANDARDIZED INDEMNITY FORM

December 15, 1992 TO: OPERATIONS COMMITTEE NO. 38-92 RE: INSURANCE BROKER/DEALER ADVISORY COMMITTEE - STANDARD MUTUAL FUND APPLICATION & STANDARDIZED INDEMNITY FORM __________________________________________________________ Enclosed are the standardized indemnity form and the standardized mutual fund application developed by the Insurance Broker/Dealer Advisory Committee. The Committee spent a great deal of effort on the development of these documents so that they would be acceptable for industry wide use. The standardized indemnity form may be used for clerical corrections, misapplied cash, transfer requests, wire order settlement corrections and liquidation requests, on transactions not to exceed $50,000.00 which relate to a specific shareholder account. A standardized indemnity paragraph is also enclosed which is intended for use in the case of an indemnity issue affecting a number of accounts. The policy and procedures document enclosed applies to both the indemnity form and the indemnity paragraph and includes a corporate resolution form. The standardized mutual fund application is intended to be used as a guide by mutual fund organizations when revising their own applications. Fund groups would provide all of the information detailed on page one of the standardized mutual fund application on the front of their application. The format of the core information, the inclusion of additional information, and the print and color specifications, would be at the discretion of the individual fund organization. Enclosed are two versions of the standardized mutual fund application, one for individual shareholder accounts and one for institutional type accounts. -2- Please provide detailed comments on the standardized indemnity form and the standardized mutual fund application, and indicate whether your company would be prepared to implement their use. Your comments should be sent to Diane Butler at the Institute by January, 15, 1993 as follows: Diane M. Butler Director - Operations & Fund Custody Investment Company Institute 1600 M Street, NW - Suite 600 Washington, DC 20036 Tel# 202/955-3547 Fax# 202/293-1058 Diane will summarize your comments for the Insurance Broker/ Dealer Advisory Committee. Thank you in advance for your input. Donald E. O’Connor Vice President - Operations Enclosures cc. Bruce C. Avery Chairman, Insurance Broker/Dealer Advisory Committee