Get Mpf Fidelity And Errors & Omissions Insurance Worksheet (form Og2)

Completing the MPF Fidelity And Errors & Omissions Insurance Worksheet (Form OG2) online is an essential step for Participating Financial Institutions (PFIs) to maintain eligibility under the MPF Program. This guide provides clear and comprehensive instructions to help ensure accurate and efficient completion of the form.

Follow the steps to complete the worksheet effectively.

1. Click ‘Get Form’ button to access the form and open it in the designated online platform.
2. Enter the 'PFI Name' and 'PFI #' in the respective fields at the top of the form. Ensure that the information is accurate and reflects your institution's details.
3. For the Base Determination section, calculate your institution's servicing portfolio total. This includes all mortgage volumes serviced by the PFI for itself and others, as required by the guidelines. Enter this amount in the designated 'Base' field.
4. Move to the Minimum Insurance and Maximum Deductible section. Reference the charts provided in the form to determine the minimum required fidelity insurance and deductible amounts. Fill in the corresponding fields with the calculated values.
5. Complete the Your Actual Fidelity and E&O Insurance section by providing your current actual coverage amounts for both Fidelity and Errors & Omissions insurance, along with the respective deductibles. Ensure that these amounts are consistent with your insurance documents.
6. In the Reconciliation section, answer the Yes/No questions based on the comparisons between your actual coverage and the minimum requirements calculated earlier. Make sure all responses are affirmative to ensure compliance.
7. Finalize the form by having an authorized officer review and sign it. Enter their printed name, title, and contact information as requested.
8. After completing the form, attach any required documents such as current insurance certificates and policies. Save your changes and choose to download, print, or share the completed form as needed.

Take the next step in ensuring your institution's compliance by completing the MPF Fidelity And Errors & Omissions Insurance Worksheet (Form OG2) online today.