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62.170 Bonds of state employees -- Blanket bonds -- Amount -- Insurance
companies that may participate.
(1)
(2)
(3)
(4)
The secretary of the Finance and Administration Cabinet shall secure, except
for state officers required by KRS 62.160 to file bond, blanket bonds, with or
without cosureties, written on a blanket position form, to cover all other officers,
employees, or deputies of the Commonwealth of Kentucky, including all
judges, clerks, and employees of the Court of Justice, including all other
members of boards or commissions or employees of those boards or
commissions, and including all superintendents, receivers, or employees of
penal or eleemosynary institutions managed or directed by the Justice and
Public Safety Cabinet, the Cabinet for Health and Family Services, or any other
department or agency of the Commonwealth of Kentucky. Nothing in this
subsection shall be deemed to prohibit the securing of any such blanket
position bond on a departmental, board, commission, agency, or institutional
basis.
The secretary of the Finance and Administration Cabinet may secure one (1)
or more excess blanket bonds, with or without cosureties, to cover selected
groups of persons covered by the bond or bonds required in the preceding
paragraph to provide additional coverage which he or she may deem
necessary by the exposures indicated in accordance with the duties and
responsibilities indicated by the personnel classification schedules of the
Personnel Cabinet and, for Court of Justice officers and personnel, by the
Administrative Office of the Courts and in accordance with the amounts of
money and property handled by the respective officers and employees.
Such bond or bonds shall be written by and participated in only by insurance
companies licensed by the Department of Insurance to do business in this
state and shall be countersigned by a duly authorized licensed resident agent
of the company. The bonds may be written with or without cosureties. Further,
the bonds are to be a percentage of the total risks, the Department of
Insurance to approve the amount of the risk written by any one (1) company.
The penal amount of the bond secured pursuant to this section shall be fixed
by the secretary of the Finance and Administration Cabinet in accordance with
the duties and responsibilities indicated by the personnel classification
schedules of the Personnel Cabinet and, for Court of Justice officers and
personnel, by the Administrative Office of the Courts, and in accordance with
the amounts of money and property handled by the respective officers and
employees.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 57, effective July 15, 2010. -Amended 2007 Ky. Acts ch. 85, sec. 136, effective June 26, 2007. -- Amended
2005 Ky. Acts ch. 99, sec. 18, effective June 20, 2005. -- Amended 1998 Ky.
Acts ch. 154, sec. 70, effective July 15, 1998; and ch. 426, sec. 89, effective
July 15, 1998. -- Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 22, sec. 76. -Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(2); and Art. VI, sec. 36. -Amended 1960 Ky. Acts ch. 101, sec. 1, effective June 16, 1960. -- Amended
1956 Ky. Acts ch. 153, sec. 1. -- Created 1946 Ky. Acts ch. 27, sec. 2.
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