CG 24 05 Financial Institutions - Fiduciary Interest Only

An Insurance Services Office (ISO) standard form. It limits general liability to the ownership, maintenance or use of property in trusts, guardianships or estates you handle as a fiduciary, adds co-fiduciaries and beneficiaries as insureds, and requires reports on fiduciary properties every 60 days.

1. 12 04 edition

   Dec 2004, compared with 01 96Latest edition

   • Coverage now applies to property in a trust, guardianship or estate for which you act as fiduciary, instead of any property in which you hold a fiduciary interest.

     01 96

     “of property in which you maintain an interest in a fiduciary or representative capacity”

     12 04

     “for which you are acting in a fiduciary or representative capacity and is subject to the following additional provisions”

   • Co-fiduciaries, those legally responsible for your fiduciary acts, and beneficiaries, heirs and co-owners of the property become insureds.

     01 96

     Not in this edition

     12 04

     “Any co-fiduciary or co-representative of yours with respect to acts or omissions as such”

   • A new exclusion removes injury or damage that occurs before you first had the right or duty to act as fiduciary for the property.

     01 96

     Not in this edition

     12 04

     “before you first had the right or duty to act in a fiduciary or representative capacity”

   • Property you hold as a fiduciary is treated as property you own.

     01 96

     Not in this edition

     12 04

     “will be deemed to be property owned by you”

1 other edition date appears in one or two filings each, often carrier-specific versions: 12 05.

• Edition in use: in the past 12 months, 18 companies filed the 12 04 edition.
• CG 21 45 (Exclusion - Damage to Premises Rented to You) is filed alongside it most often, in 115 of the same filings (96%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Oct 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• WR Berkley Corporation GroupUses CG 24 05 in 1 filing
• Fairfax Financial GroupUses CG 24 05 in 2 filings

• CG 21 45Exclusion - Damage to Premises Rented to You115 filings
• CG 24 11Fiduciaries - Fiduciary Interest115 filings
• CG 21 35Exclusion - Coverage C - Medical Payments114 filings
• CG 21 39Contractual Liability Limitation114 filings
• CG 21 42Exclusion - Explosion, Collapse, and Underground Property Damage Hazard (Specified Operations)114 filings
• CG 22 70Real Estate Property Managed114 filings
• CG 21 51Amendment of Liquor Liability Exclusion - Exception for Scheduled Premises or Activities112 filings
• CG 21 41Exclusion – Intercompany Products Suits111 filings
• CG 22 58Exclusion - Described Hazards (Carnivals, Circuses and Fairs)111 filings
• CG 22 73Exclusion - Oil or Gas Producing Operations111 filings