§ 5-4-5-5 — Blanket bonds; crime policies; faithful performance of duty of state employee or instrumentality

Indiana § 5-4-5-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 4: OFFICERS' BONDS AND OATHS
• Ch. 5: Bonds Obtained From Surety Companies

Text

(a) This section applies notwithstanding any other
statute.
(b) Whenever the state or an instrumentality of the state pays for a
bond or crime insurance policy endorsed to cover the faithful
performance of duty of an employee of the state or an instrumentality
of the state (including a public official or deputy), the bond or crime
insurance policy must, when feasible, cover all of the employees in:
(1) an individual state agency or instrumentality; or
(2) two (2) or more state agencies or instrumentalities specified
in the blanket bond or crime insurance policy.
The Indiana department of administration may require two (2) or more
state agencies to obtain a joint blanket bond or crime insurance policy
endorsed to include faithful performance.
(c) The commissioner of insurance shall prescribe the form of the
bonds or crime policies required by this section.

Legislative History

As added by P.L.14-1986, SEC.10. Amended by P.L.49-1995, SEC.5.