Indiana Code 28-5-1-18. Fidelity coverage for officers and employees; bonds; reserve funds
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Sec. 18. Every company shall make provision for adequate fidelity coverage for all officers and employees having access to money or bonds of the company. The amount and form of fidelity coverage must be approved annually by the board of directors of the company. Coverage may be provided:
(2) through the establishment of a separate reserve fund within the company for that purpose.
(1) in the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana; or
Terms Used In Indiana Code 28-5-1-18
- company: shall mean and include any corporation to which this chapter is applicable. See Indiana Code 28-5-1-3
Formerly: Acts 1935, c.181, s.18. As amended by P.L.276-1987, SEC.2; P.L.73-2016, SEC.24.