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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.