US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 37
                      IDAHO HOSPITAL LIABILITY TRUST ACT
    41-3717.  TRUSTEES -- ADMINISTRATORS -- BONDING. (1) Either an individual
or a corporation may be a trustee of the trust fund. Either an individual,
firm, or corporation may be an administrator of a hospital trust.
    (2)  A member of the trust shall be neither a trustee nor the
administrator, but this provision shall not be deemed to prohibit an
individual who is otherwise an employee of such a member from being trustee or
administrator.
    (3)  The trustee shall cause all individuals handling receipts and
disbursements for the trust fund to be bonded at all times under a fidelity
bond issued by  a surety insurer authorized to transact such insurance in this
state. The bond shall be in favor of the trust fund and for such aggregate
penalty amount, not less than twenty-five thousand dollars ($25,000), as the
director may deem reasonably advisable in relation to amount of funds to be so
handled. The bond shall be noncancellable except upon not less than thirty
(30) days advance notice in writing to the trustee and the director. The cost
of the bond shall be borne by the trust fund.