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Indiana Code Title 28. Financial Institutions § 28-5-1-18

Current as of January 02, 2024 | Updated by Findlaw Staff

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:

(1) in the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana;  or

(2) through the establishment of a separate reserve fund within the company for that purpose.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-5-1-18 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-5-1-18/

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