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Fidelity Bonds protect policyholders and businesses from dishonest behavior by employees or officers.
In addition to the bond IDOI needs a Fidelity Bond Cancellation Rider
The amount of the bond is determined by the formula included in the NAIC Examiners Handbook.
The cancellation rider is a form for IDOI that illustrates in writing the bonding company and insured must notify IDOI upon cancellation of the bond.
To complete a Cancellation Rider form you will need to know and provide the information below on the Cancellation Rider form in the following order:
If you have any questions, please contact:
Return Cancellation Rider to:
Kathleen J. Mathis
Indiana Department of Insurance
311 West Washington Street, Suite 300
Indianapolis, Indiana 46204-2787