Ind. Code § 28-5-1-18
Fidelity coverage for officers and employees; bonds; reserve funds
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-5-1-18, Fidelity coverage for officers and employees; bonds; reserve funds, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666232
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Full text
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.