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

Indiana Statutes

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

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

(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 prescrib

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(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.

Indiana § 5-4-5-5 (Blanket bonds; crime policies; faithful performance of duty of state employee or instrumentality) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.