Indiana § 28-11-2-4 Performance bonds and crime policies

Indiana Statutes

§ 28-11-2-4 — Performance bonds and crime policies

Indiana·Art. 11 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 2 Organization of Department

(a)The department may require that the members, the director, or specified classes of employees of the department be covered by bonds for faithful performance of their respective duties. A requirement for purchase of faithful performance bonds may be satisfied by the purchase of a blanket bond or a crime insurance policy endorsed to include faithful performance. The cost of a bond or crime insurance policy purchased under this section shall be paid from the fund.

(b)The commissioner of insurance shall prescribe the form of the bonds or crime policies required by this section.

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(a) The department may require that the
members, the director, or specified classes of employees of the
department be covered by bonds for faithful performance of their
respective duties. A requirement for purchase of faithful performance
bonds may be satisfied by the purchase of a blanket bond or a crime
insurance policy endorsed to include faithful performance. The cost of
a bond or crime insurance policy purchased under this section shall be
paid from the fund.
(b) The commissioner of insurance shall prescribe the form of the
bonds or crime policies required by this section.

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