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2013 Indiana Code
TITLE 28. FINANCIAL INSTITUTIONS
ARTICLE 6.1. SAVINGS BANKS
CHAPTER 5. FIDELITY COVERAGE FOR SAVINGS BANKS


Download as PDF IC 28-6.1-5 Chapter 5. Fidelity Coverage for Savings Banks IC 28-6.1-5-1 Provision of coverage Sec. 1. A savings bank shall make provision for adequate fidelity coverage for all officers and employees having access to money or bonds of the savings bank. As added by P.L.42-1993, SEC.72. IC 28-6.1-5-2 Approval of amount and form of coverage Sec. 2. The amount and form of fidelity coverage must be approved by the board of the savings bank. As added by P.L.42-1993, SEC.72. IC 28-6.1-5-3 Form of coverage Sec. 3. Fidelity coverage may be provided in either of the following ways: (1) In the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana. (2) Through establishment of a separate reserve fund within the savings bank for that purpose. As added by P.L.42-1993, SEC.72.

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