This bulletin is directed to all writers of bonds used to fulfill the requirements of IC 5-4-1 and all public officials, employees, and contractors required to file such bonds. It has become apparent to the Department that the public interest will be best served by the designation of a single form of bond under IC 5-4-1-18(i) (version effective January 1, 2016).

The Department has consulted with the State Board of Accounts and the Indiana Archives and Records Administration and now prescribes the three bond forms attached to this bulletin. A company wishing to use a prescribed bond must file it with the Department pursuant to IC 27-1-22-4. These bonds are subject to a file-and-use requirement, which means they may be used in the market as soon as they are filed. Beginning January 1, 2016, the bond filed with the county recorder and local fiscal officer on behalf of a public official, employee, or contractor required to file such a bond under IC 5-4-1 must be on the prescribed form.

At this time, the Department is not prescribing a single form to be used for a crime insurance policy used to comply with IC 5-4-1. Until further notice, any crime insurance policy marked "filed" by the Department may be considered prescribed pursuant to IC 5-4-1-18(i).

a) The Principal is duly elected, commissioned, appointed, or employed as ________________ for _________________in the State of Indiana.

b) The Principal shall faithfully perform and fulfill his or her duties of the position named in subparagraph (a); including compliance with IC 5-11 and paying over on demand to the persons entitled or authorized to receive the same, all moneys that may come into his or her hands during the term of this Public Official Bond.

c) The term of this Public Official Bond is for a one (1) year term beginning on the_____________ day of ____________, 2______ and ending on the _________day of _____________, 2__________.

d) This Public Official Bond cannot be continued, extended, or renewed as provided by IC 5-4-1-18(m).

e) This Public Official Bond complies with IC 5-4-1-18, and any conflict between this bond and the Indiana Code shall be resolved in favor of the statutory provisions.

f) The Legislature may change, modify, or repeal any relevant law now in force and exact any and all laws during the existence of this Public Official Bond, but this Public Official Bond will remain in full force and effect, except for that which was directly altered by the change in law.

____________________________________________________

IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of said ____________________ , at _____________, this ________________ day of ______________ , A.D._________________

Expiration date of commission, (if Notary Public)(month, day, year)

Expiration date of commission, (if Notary Public)(month, day, year)

a) Any Public Official or Employee who is named in the schedule attached, shall faithfully perform and fulfill his or her duties, including compliance with IC 5-11 and paying over on demand to the persons entitled or authorized to receive the same, all moneys that may come into his or her hands during the term of this Public Official Bond.

b) The term of this Public Official Bond is for a one (1) year term beginning on the ________________ day of _______________________, 2__________ and ending on the ________________ day of _______________________, 2__________.

c) This Public Official Bond cannot be continued, extended, or renewed as provided by IC 5-4-1-18(m).

d) This Public Official Bond complies with IC 5-4-1-18, and any conflict between this bond and the Indiana Code shall be resolved in favor of the statutory provisions.

e) The Legislature may change, modify, or repeal any relevant law now in force and exact any and all laws during the existence of this Public Official Bond, but this Public Official Bond will remain in full force and effect, except for that which was directly altered by the change in law.

f) Automatic coverage is granted for the first thirty days of service of any Public Official or Employee succeeding one listed in the schedule. Provided, however, that the automatic coverage granted shall be void and of no effect unless during the said thirty day period a written request has been made to add the Public Official or Employee to the schedule and the Surety by written acceptance has consented thereto.

By _____________________________

Attorney in Fact                 

a) Any Public Official or Employee while occupying a position named in the schedule attached, shall faithfully perform and fulfill his or her duties, including compliance with IC 5-11 and paying over on demand to the persons entitled or authorized to receive the same, all moneys that may come into his or her hands during the term of this Public Official Bond.

b) The term of this Public Official Bond is for a one (1) year term beginning on the ____________ day of ____________, 2____________ and ending on the __________ day of ____________, 2__________________.

c) This Public Official Bond cannot be continued, extended, or renewed as provided by IC 5-4-1-18(m).

d) This Public Official Bond complies with IC 5-4-1-18, and any conflict between this bond and the Indiana Code shall be resolved in favor of the statutory provisions.

e) The Legislature may change, modify, or repeal any relevant law now in force and exact any and all laws during the existence of this Public Official Bond, but this Public Official Bond will remain in full force and effect, except for that which was directly altered by the change in law.

By _________________________________

Attorney in Fact                    

DIN: 20151216-IR-760150445NRA

Composed: May 02,2024 11:39:51AM EDT

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