2005 Idaho Code - 59-804 — SURETY BONDS -- BLANKET SURETY BOND -- CRIME INSURANCE TERMS AND CONDITIONS

                                  TITLE  59
                          PUBLIC OFFICERS IN GENERAL
                                  CHAPTER 8
                            BONDS OF OFFICERS AND
                               PUBLIC EMPLOYEES
    59-804.  SURETY BONDS -- BLANKET SURETY BOND -- CRIME INSURANCE TERMS AND
CONDITIONS. (1) Each official surety bond, blanket surety bond or suitable
crime insurance policy of a public official or an employee shall be payable to
the state or appropriate political subdivision, and shall be in the
appropriate form as defined in section 59-802, Idaho Code. The surety bond,
blanket surety bond, or suitable crime insurance shall be executed by a
corporate surety company authorized to do business in this state in the amount
fixed by the administrator, or by the governing body of the political
subdivision.
    (2)  In lieu of individual bonds, the administrator or the governing body
of a political subdivision may elect to provide a schedule or blanket
corporate surety bond, or suitable crime insurance covering all or any group
of public officials or employees whenever the premiums would be less than the
aggregate of premiums chargeable under individual coverage. Any blanket or
schedule bond or crime insurance provided shall contain all terms and
conditions required in subsection (1) of this section or as defined in section
59-802, Idaho Code.
    (3)  All official bonds of employees of the state and its agencies shall
be approved by the governor and shall be approved as to form and legal
sufficiency by the attorney general and shall be filed with the secretary of
state without cost, except that the bond of the secretary of state or a
certified copy of any master, blanket or schedule bond including the secretary
of state shall be filed with the state controller.
    (4)  All official surety bonds, blanket surety bonds, or suitable crime
insurance coverage of public officials or employees of a political subdivision
shall be approved by the governing body of the political subdivision. After
the governing body approves the form and legal sufficiency, the bonds or
policies shall be filed with the clerk or secretary of the political
subdivision.